CLAERUM: 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.
CLAERUM
Largest movements
- Current investments -€76,111
down €76,111 (-30.3%), from €251,086 to €174,975
- Cash -€63,921
down €63,921 (-35.1%), from €181,854 to €117,934
mainly Contributions, distributions and other (-€598,608) and Deferred charges and accrued income (-€8,083)
- Deferred charges and accrued income +€8,083
up €8,083 (+5.1%), from €159,346 to €167,429
- Tangible fixed assets -€7,418
down €7,418 (-47.2%), from €15,709 to €8,291
of which Furniture and vehicles: -€6,972
- Reserves -€315,448
down €315,448 (-70.9%), from €445,215 to €129,767
- Other debts +€144,754
up €144,754 (+130.7%), from €110,765 to €255,519
- Tax, wage and social debts +€26,131
up €26,131 (+106.2%), from €24,616 to €50,747
- Financial income +€22,097
up €22,097 (+253.1%), from €8,731 to €30,828
of which Non-recurring financial income: +€14,556
- Gross operating margin -€17,424
down €17,424 (-4.6%), from €379,256 to €361,832
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.
Cash bridge derived
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 | €607,996 | €468,628 | -€139,368 | -22.9% |
| Fixed assets | 21/28 | €15,709 | €8,291 | -€7,418 | -47.2% |
| Tangible fixed assets | 22/27 | €15,709 | €8,291 | -€7,418 | -47.2% |
| Plant, machinery and equipment | 23 | €863 | €417 | -€446 | -51.7% |
| Furniture and vehicles | 24 | €14,846 | €7,874 | -€6,972 | -47.0% |
| Current assets | 29/58 | €592,287 | €460,337 | -€131,950 | -22.3% |
| Current investments | 50/53 | €251,086 | €174,975 | -€76,111 | -30.3% |
| Cash at bank and in hand | 54/58 | €181,854 | €117,934 | -€63,921 | -35.1% |
| Deferred charges and accrued income | 490/1 | €159,346 | €167,429 | +€8,083 | +5.1% |
| Total equity and liabilities | 10/49 | €607,996 | €468,628 | -€139,368 | -22.9% |
| Equity | 10/15 | €451,215 | €135,767 | -€315,448 | -69.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €445,215 | €129,767 | -€315,448 | -70.9% |
| Distributable reserves | 133 | €445,215 | €129,767 | -€315,448 | -70.9% |
| Amounts payable | 17/49 | €156,781 | €332,861 | +€176,080 | +112.3% |
| Amounts payable within one year | 42/48 | €153,781 | €329,361 | +€175,580 | +114.2% |
| Trade debts | 44 | €18,400 | €23,095 | +€4,695 | +25.5% |
| Suppliers | 440/4 | €18,400 | €23,095 | +€4,695 | +25.5% |
| Taxes, remuneration and social security | 45 | €24,616 | €50,747 | +€26,131 | +106.2% |
| Taxes | 450/3 | €24,616 | €50,747 | +€26,131 | +106.2% |
| Other amounts payable | 47/48 | €110,765 | €255,519 | +€144,754 | +130.7% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,500 | +€500 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,262 | €7,418 | +€156 | +2.2% |
| Other operating charges | 640/8 | €1,240 | €465 | -€775 | -62.5% |
| Gross operating margin | 9900 | €379,256 | €361,832 | -€17,424 | -4.6% |
| Operating profit (loss) | 9901 | €370,755 | €353,949 | -€16,806 | -4.5% |
| Financial income | 75/76B | €8,731 | €30,828 | +€22,097 | +253.1% |
| Recurring financial income | 75 | €6,923 | €14,464 | +€7,541 | +108.9% |
| Non-recurring financial income | 76B | €1,808 | €16,364 | +€14,556 | +805.3% |
| Financial charges | 65/66B | €10,703 | €9,100 | -€1,603 | -15.0% |
| Recurring financial charges | 65 | €10,703 | €8,863 | -€1,840 | -17.2% |
| Non-recurring financial charges | 66B | - | €237 | +€237 | |
| Profit (loss) for the period before taxes | 9903 | €368,782 | €375,677 | +€6,895 | +1.9% |
| Income taxes | 67/77 | €94,171 | €92,517 | -€1,654 | -1.8% |
| Profit (loss) for the period | 9904 | €274,612 | €283,160 | +€8,549 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €274,612 | €283,160 | +€8,549 | +3.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.