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
- Tangible fixed assets -€31,040
down €31,040 (-24.8%), from €124,921 to €93,881
- Receivables within one year +€8,685
up €8,685 (+40.7%), from €21,331 to €30,016
of which Trade receivables: +€8,830
- Cash +€7,591
up €7,591 (+11.5%), from €66,027 to €73,618
mainly Depreciation (+€35,553) and Trade debts (+€10,298)
- Profit (loss) carried forward -€23,957
down €23,957 (-18,803%), from -€127 to -€24,085
- Trade debts +€10,298
up €10,298 (+143%), from €7,224 to €17,522
- Staff costs +€20,375
up €20,375 (+23.3%), from €87,631 to €108,006
- Gross operating margin -€8,967
down €8,967 (-6.9%), from €130,653 to €121,686
- Depreciation +€3,463
up €3,463 (+10.8%), from €32,090 to €35,553
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 | €215,779 | €201,015 | -€14,764 | -6.8% |
| Fixed assets | 21/28 | €124,921 | €93,881 | -€31,040 | -24.8% |
| Tangible fixed assets | 22/27 | €124,921 | €93,881 | -€31,040 | -24.8% |
| Land and buildings | 22 | €41,204 | €25,908 | -€15,296 | -37.1% |
| Plant, machinery and equipment | 23 | €47,241 | €36,568 | -€10,673 | -22.6% |
| Furniture and vehicles | 24 | €36,477 | €28,122 | -€8,354 | -22.9% |
| Other tangible fixed assets | 26 | - | €3,282 | +€3,282 | |
| Current assets | 29/58 | €90,858 | €107,134 | +€16,276 | +17.9% |
| Stocks and contracts in progress | 3 | €3,500 | €3,500 | = | 0.0% |
| Stocks | 30/36 | €3,500 | €3,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,331 | €30,016 | +€8,685 | +40.7% |
| Trade receivables | 40 | €1,800 | €10,629 | +€8,830 | +491% |
| Other amounts receivable | 41 | €19,531 | €19,386 | -€145 | -0.7% |
| Cash at bank and in hand | 54/58 | €66,027 | €73,618 | +€7,591 | +11.5% |
| Total equity and liabilities | 10/49 | €215,779 | €201,015 | -€14,764 | -6.8% |
| Equity | 10/15 | €200,873 | €176,915 | -€23,957 | -11.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €171,000 | €171,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €0 | -€3,000 | -100% |
| Reserves not available under the articles | 1311 | €3,000 | €0 | -€3,000 | -100% |
| Distributable reserves | 133 | €168,000 | €171,000 | +€3,000 | +1.8% |
| Profit (loss) carried forward | 14 | -€127 | -€24,085 | -€23,957 | -18,803% |
| Amounts payable | 17/49 | €14,906 | €24,100 | +€9,193 | +61.7% |
| Amounts payable within one year | 42/48 | €14,906 | €24,100 | +€9,193 | +61.7% |
| Trade debts | 44 | €7,224 | €17,522 | +€10,298 | +143% |
| Suppliers | 440/4 | €7,224 | €17,522 | +€10,298 | +143% |
| Taxes, remuneration and social security | 45 | €7,682 | €6,577 | -€1,105 | -14.4% |
| Taxes | 450/3 | €1,272 | €0 | -€1,272 | -100% |
| Remuneration and social security | 454/9 | €6,410 | €6,577 | +€167 | +2.6% |
| Remuneration, social security and pensions | 62 | €87,631 | €108,006 | +€20,375 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,090 | €35,553 | +€3,463 | +10.8% |
| Other operating charges | 640/8 | €599 | €615 | +€16 | +2.6% |
| Gross operating margin | 9900 | €130,653 | €121,686 | -€8,967 | -6.9% |
| Operating profit (loss) | 9901 | €10,333 | -€22,488 | -€32,821 | |
| Financial income | 75/76B | €278 | €193 | -€85 | -30.4% |
| Recurring financial income | 75 | €278 | €193 | -€85 | -30.4% |
| Financial charges | 65/66B | €2,111 | €1,663 | -€449 | -21.2% |
| Recurring financial charges | 65 | €2,111 | €1,663 | -€449 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €8,499 | -€23,957 | -€32,457 | |
| Income taxes | 67/77 | €846 | €0 | -€846 | -100% |
| Profit (loss) for the period | 9904 | €7,653 | -€23,957 | -€31,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,653 | -€23,957 | -€31,611 |
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 15 October 2026 via checked.be.