CLAES: 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.
CLAES
Largest movements
- Receivables within one year -€19,927
down €19,927 (-52.3%), from €38,111 to €18,184
of which Trade receivables: -€17,053
- Tangible fixed assets -€10,635
down €10,635 (-27.2%), from €39,079 to €28,444
of which Furniture and vehicles: -€6,785
- Stocks and contracts +€7,679
up €7,679 (+41.4%), from €18,555 to €26,234
of which Contracts in progress: +€10,767
- Cash +€6,021
up €6,021 (+19.8%), from €30,351 to €36,373
mainly Receivables within one year (+€19,927) and Depreciation (+€11,696)
- Reserves -€16,071
down €16,071 (-15.5%), from €103,623 to €87,552
of which Distributable reserves: -€16,071
- Gross operating margin +€43,852
up €43,852, from -€4,131 to €39,721
- Staff costs +€3,269
up €3,269 (+8.4%), from €38,947 to €42,216
- Depreciation +€1,441
up €1,441 (+14.1%), from €10,255 to €11,696
- Taxes +€907
up €907 (+90.7%), from €1,000 to €1,907
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 | €127,584 | €110,722 | -€16,862 | -13.2% |
| Fixed assets | 21/28 | €40,567 | €29,931 | -€10,635 | -26.2% |
| Tangible fixed assets | 22/27 | €39,079 | €28,444 | -€10,635 | -27.2% |
| Land and buildings | 22 | €16,294 | €14,644 | -€1,650 | -10.1% |
| Plant, machinery and equipment | 23 | €8,617 | €6,417 | -€2,200 | -25.5% |
| Furniture and vehicles | 24 | €14,168 | €7,383 | -€6,785 | -47.9% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €87,017 | €80,790 | -€6,227 | -7.2% |
| Stocks and contracts in progress | 3 | €18,555 | €26,234 | +€7,679 | +41.4% |
| Stocks | 30/36 | €18,555 | €15,467 | -€3,088 | -16.6% |
| Contracts in progress | 37 | - | €10,767 | +€10,767 | |
| Amounts receivable within one year | 40/41 | €38,111 | €18,184 | -€19,927 | -52.3% |
| Trade receivables | 40 | €22,934 | €5,881 | -€17,053 | -74.4% |
| Other amounts receivable | 41 | €15,177 | €12,303 | -€2,874 | -18.9% |
| Cash at bank and in hand | 54/58 | €30,351 | €36,373 | +€6,021 | +19.8% |
| Total equity and liabilities | 10/49 | €127,584 | €110,722 | -€16,862 | -13.2% |
| Equity | 10/15 | €122,215 | €106,144 | -€16,071 | -13.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €103,623 | €87,552 | -€16,071 | -15.5% |
| Non-distributable reserves | 130/1 | €3,939 | €3,939 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,939 | €3,939 | = | 0.0% |
| Distributable reserves | 133 | €99,683 | €83,612 | -€16,071 | -16.1% |
| Amounts payable | 17/49 | €5,369 | €4,578 | -€791 | -14.7% |
| Amounts payable within one year | 42/48 | €5,369 | €4,578 | -€791 | -14.7% |
| Taxes, remuneration and social security | 45 | €5,369 | €4,578 | -€791 | -14.7% |
| Taxes | 450/3 | €5,369 | €4,578 | -€791 | -14.7% |
| Remuneration, social security and pensions | 62 | €38,947 | €42,216 | +€3,269 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,255 | €11,696 | +€1,441 | +14.1% |
| Other operating charges | 640/8 | €422 | €429 | +€8 | +1.8% |
| Gross operating margin | 9900 | -€4,131 | €39,721 | +€43,852 | |
| Operating profit (loss) | 9901 | -€53,754 | -€14,620 | +€39,134 | +72.8% |
| Financial income | 75/76B | €951 | €690 | -€261 | -27.4% |
| Recurring financial income | 75 | €951 | €690 | -€261 | -27.4% |
| Financial charges | 65/66B | €136 | €233 | +€97 | +70.9% |
| Recurring financial charges | 65 | €136 | €233 | +€97 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | -€52,939 | -€14,163 | +€38,776 | +73.2% |
| Income taxes | 67/77 | €1,000 | €1,907 | +€907 | +90.7% |
| Profit (loss) for the period | 9904 | -€53,939 | -€16,071 | +€37,869 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,939 | -€16,071 | +€37,869 | +70.2% |
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.