CLAERO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CLAERO
Largest movements
- Current investments +€140,000
up €140,000 (+112%), from €125,000 to €265,000
- Cash -€23,871
down €23,871 (-43.1%), from €55,338 to €31,467
mainly Current investments (-€140,000) and Debts after one year (-€5,075)
- Tangible fixed assets -€8,910
down €8,910 (-65.2%), from €13,670 to €4,760
- Reserves +€107,936
up €107,936 (+68.2%), from €158,257 to €266,193
- Tax, wage and social debts +€7,953
up €7,953 (+24.2%), from €32,828 to €40,781
- Debts after one year -€5,075
down €5,075 (-100%), from €5,075 to €0
- Current portion of long-term debt -€3,265
down €3,265 (-39.2%), from €8,341 to €5,075
- Financial income +€3,598
up €3,598, from €0 to €3,598
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,912 | €323,567 | +€107,655 | +49.9% |
| Fixed assets | 21/28 | €13,670 | €4,760 | -€8,910 | -65.2% |
| Tangible fixed assets | 22/27 | €13,670 | €4,760 | -€8,910 | -65.2% |
| Furniture and vehicles | 24 | €13,670 | €4,760 | -€8,910 | -65.2% |
| Current assets | 29/58 | €202,242 | €318,807 | +€116,565 | +57.6% |
| Amounts receivable within one year | 40/41 | €19,914 | €20,562 | +€647 | +3.3% |
| Trade receivables | 40 | €19,914 | €20,562 | +€647 | +3.3% |
| Current investments | 50/53 | €125,000 | €265,000 | +€140,000 | +112% |
| Cash at bank and in hand | 54/58 | €55,338 | €31,467 | -€23,871 | -43.1% |
| Deferred charges and accrued income | 490/1 | €1,990 | €1,778 | -€212 | -10.6% |
| Total equity and liabilities | 10/49 | €215,912 | €323,567 | +€107,655 | +49.9% |
| Equity | 10/15 | €163,257 | €271,193 | +€107,936 | +66.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €158,257 | €266,193 | +€107,936 | +68.2% |
| Distributable reserves | 133 | €158,257 | €266,193 | +€107,936 | +68.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,655 | €52,373 | -€282 | -0.5% |
| Amounts payable after more than one year | 17 | €5,075 | €0 | -€5,075 | -100% |
| Financial debts | 170/4 | €5,075 | €0 | -€5,075 | -100% |
| Amounts payable within one year | 42/48 | €47,580 | €52,373 | +€4,794 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €8,341 | €5,075 | -€3,265 | -39.2% |
| Trade debts | 44 | €5,244 | €5,351 | +€106 | +2.0% |
| Suppliers | 440/4 | €5,244 | €5,351 | +€106 | +2.0% |
| Taxes, remuneration and social security | 45 | €32,828 | €40,781 | +€7,953 | +24.2% |
| Taxes | 450/3 | €32,828 | €40,781 | +€7,953 | +24.2% |
| Other amounts payable | 47/48 | €1,167 | €1,167 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,910 | €8,910 | = | 0.0% |
| Other operating charges | 640/8 | €1,273 | €1,091 | -€182 | -14.3% |
| Gross operating margin | 9900 | €145,451 | €146,207 | +€757 | +0.5% |
| Operating profit (loss) | 9901 | €135,268 | €136,207 | +€939 | +0.7% |
| Financial income | 75/76B | €0 | €3,598 | +€3,598 | |
| Recurring financial income | 75 | €0 | €3,598 | +€3,598 | |
| Financial charges | 65/66B | €999 | €570 | -€429 | -42.9% |
| Recurring financial charges | 65 | €999 | €570 | -€429 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €134,270 | €139,235 | +€4,966 | +3.7% |
| Income taxes | 67/77 | €30,214 | €31,299 | +€1,084 | +3.6% |
| Profit (loss) for the period | 9904 | €104,055 | €107,936 | +€3,881 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,055 | €107,936 | +€3,881 | +3.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.