CLAERHOUT M: what changed
CLAERHOUT M
Largest movements
- Receivables within one year +€161,734
new in 2025: €161,734
of which Other amounts receivable: +€100,878
- Cash -€22,181
down €22,181 (-18.9%), from €117,240 to €95,058
mainly Receivables within one year (-€161,734) and Deferred charges and accrued income (-€4,566)
- Deferred charges and accrued income +€4,566
up €4,566 (+127%), from €3,586 to €8,152
- Reserves +€113,390
up €113,390 (+120%), from €94,684 to €208,073
- Tax, wage and social debts +€32,080
up €32,080 (+115%), from €27,965 to €60,045
of which Taxes: +€33,490
- Gross operating margin +€26,864
up €26,864 (+21.6%), from €124,357 to €151,221
- Taxes +€7,324
up €7,324 (+27.6%), from €26,555 to €33,879
- Financial charges +€3,284
up €3,284 (+586,355%), from €1 to €3,284
- Financial income +€2,548
up €2,548 (+15,386%), from €17 to €2,565
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,613 | €269,162 | +€144,549 | +116% |
| Fixed assets | 21/28 | €3,788 | €4,218 | +€430 | +11.4% |
| Tangible fixed assets | 22/27 | €3,788 | €1,992 | -€1,796 | -47.4% |
| Furniture and vehicles | 24 | €3,788 | €1,992 | -€1,796 | -47.4% |
| Financial fixed assets | 28 | - | €2,226 | +€2,226 | |
| Current assets | 29/58 | €120,825 | €264,944 | +€144,119 | +119% |
| Amounts receivable within one year | 40/41 | - | €161,734 | +€161,734 | |
| Trade receivables | 40 | - | €60,855 | +€60,855 | |
| Other amounts receivable | 41 | - | €100,878 | +€100,878 | |
| Cash at bank and in hand | 54/58 | €117,240 | €95,058 | -€22,181 | -18.9% |
| Deferred charges and accrued income | 490/1 | €3,586 | €8,152 | +€4,566 | +127% |
| Total equity and liabilities | 10/49 | €124,613 | €269,162 | +€144,549 | +116% |
| Equity | 10/15 | €94,784 | €208,173 | +€113,390 | +120% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €94,684 | €208,073 | +€113,390 | +120% |
| Distributable reserves | 133 | €94,684 | €208,073 | +€113,390 | +120% |
| Amounts payable | 17/49 | €29,829 | €60,989 | +€31,159 | +104% |
| Amounts payable within one year | 42/48 | €29,194 | €60,222 | +€31,028 | +106% |
| Trade debts | 44 | €1,218 | €177 | -€1,041 | -85.5% |
| Suppliers | 440/4 | €1,218 | €177 | -€1,041 | -85.5% |
| Taxes, remuneration and social security | 45 | €27,965 | €60,045 | +€32,080 | +115% |
| Taxes | 450/3 | €26,555 | €60,045 | +€33,490 | +126% |
| Remuneration and social security | 454/9 | €1,410 | €0 | -€1,410 | -100% |
| Other amounts payable | 47/48 | €11 | €0 | -€11 | -100% |
| Accrued charges and deferred income | 492/3 | €635 | €767 | +€132 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,599 | €1,796 | +€197 | +12.3% |
| Other operating charges | 640/8 | €1,536 | €1,437 | -€98 | -6.4% |
| Gross operating margin | 9900 | €124,357 | €151,221 | +€26,864 | +21.6% |
| Operating profit (loss) | 9901 | €121,222 | €147,988 | +€26,766 | +22.1% |
| Financial income | 75/76B | €17 | €2,565 | +€2,548 | +15,386% |
| Recurring financial income | 75 | €17 | €2,565 | +€2,548 | +15,386% |
| Financial charges | 65/66B | €1 | €3,284 | +€3,284 | +586,355% |
| Recurring financial charges | 65 | €1 | €3,284 | +€3,284 | +586,355% |
| Profit (loss) for the period before taxes | 9903 | €121,238 | €147,269 | +€26,030 | +21.5% |
| Income taxes | 67/77 | €26,555 | €33,879 | +€7,324 | +27.6% |
| Profit (loss) for the period | 9904 | €94,684 | €113,390 | +€18,706 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,684 | €113,390 | +€18,706 | +19.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.