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 +€26,667
up €26,667 (+337%), from €7,904 to €34,570
of which Other amounts receivable: +€14,854
- Cash +€12,268
up €12,268 (+427%), from €2,875 to €15,143
mainly Net result for the year (+€20,291) and Tax, wage and social debts (+€11,339)
- Tangible fixed assets +€5,151
up €5,151 (+94.5%), from €5,450 to €10,601
of which Land and buildings: +€5,574
- Deferred charges and accrued income -€3,683
down €3,683 (-46.7%), from €7,891 to €4,208
- Stocks and contracts -€2,500
down €2,500 (-100%), from €2,500 to €0
- Reserves +€18,625
up €18,625 (+1,061%), from €1,755 to €20,380
- Tax, wage and social debts +€11,339
up €11,339 (+223%), from €5,080 to €16,419
- Current portion of long-term debt +€7,804
new in 2025: €7,804
- Debts after one year -€3,399
down €3,399 (-25.5%), from €13,324 to €9,925
- Trade debts +€1,559
up €1,559 (+28.5%), from €5,461 to €7,020
- Gross operating margin +€28,117
up €28,117 (+360%), from €7,814 to €35,931
- Taxes +€6,415
up €6,415 (+745%), from €861 to €7,276
- Other operating charges +€1,664
up €1,664 (+152%), from €1,096 to €2,759
- Depreciation +€1,298
up €1,298 (+227%), from €571 to €1,869
- Financial income +€591
up €591 (+247%), from €240 to €830
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 | €26,620 | €64,522 | +€37,902 | +142% |
| Fixed assets | 21/28 | €5,450 | €10,601 | +€5,151 | +94.5% |
| Tangible fixed assets | 22/27 | €5,450 | €10,601 | +€5,151 | +94.5% |
| Land and buildings | 22 | - | €5,574 | +€5,574 | |
| Plant, machinery and equipment | 23 | €2,385 | €2,775 | +€390 | +16.4% |
| Furniture and vehicles | 24 | €3,065 | €2,252 | -€814 | -26.5% |
| Current assets | 29/58 | €21,170 | €53,921 | +€32,751 | +155% |
| Stocks and contracts in progress | 3 | €2,500 | €0 | -€2,500 | -100% |
| Stocks | 30/36 | €2,500 | €0 | -€2,500 | -100% |
| Amounts receivable within one year | 40/41 | €7,904 | €34,570 | +€26,667 | +337% |
| Trade receivables | 40 | €0 | €11,813 | +€11,813 | |
| Other amounts receivable | 41 | €7,904 | €22,758 | +€14,854 | +188% |
| Cash at bank and in hand | 54/58 | €2,875 | €15,143 | +€12,268 | +427% |
| Deferred charges and accrued income | 490/1 | €7,891 | €4,208 | -€3,683 | -46.7% |
| Total equity and liabilities | 10/49 | €26,620 | €64,522 | +€37,902 | +142% |
| Equity | 10/15 | €2,755 | €21,380 | +€18,625 | +676% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,755 | €20,380 | +€18,625 | +1,061% |
| Distributable reserves | 133 | €1,755 | €20,380 | +€18,625 | +1,061% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,865 | €43,142 | +€19,277 | +80.8% |
| Amounts payable after more than one year | 17 | €13,324 | €9,925 | -€3,399 | -25.5% |
| Financial debts | 170/4 | €13,324 | €9,925 | -€3,399 | -25.5% |
| Amounts payable within one year | 42/48 | €10,541 | €32,409 | +€21,868 | +207% |
| Current portion of amounts payable after more than one year | 42 | - | €7,804 | +€7,804 | |
| Trade debts | 44 | €5,461 | €7,020 | +€1,559 | +28.5% |
| Suppliers | 440/4 | €5,461 | €7,020 | +€1,559 | +28.5% |
| Taxes, remuneration and social security | 45 | €5,080 | €16,419 | +€11,339 | +223% |
| Taxes | 450/3 | €5,080 | €16,419 | +€11,339 | +223% |
| Other amounts payable | 47/48 | €0 | €1,166 | +€1,166 | |
| Accrued charges and deferred income | 492/3 | - | €808 | +€808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €1,869 | +€1,298 | +227% |
| Other operating charges | 640/8 | €1,096 | €2,759 | +€1,664 | +152% |
| Gross operating margin | 9900 | €7,814 | €35,931 | +€28,117 | +360% |
| Operating profit (loss) | 9901 | €6,147 | €31,303 | +€25,156 | +409% |
| Financial income | 75/76B | €240 | €830 | +€591 | +247% |
| Recurring financial income | 75 | €240 | €830 | +€591 | +247% |
| Financial charges | 65/66B | €4,585 | €4,566 | -€20 | -0.4% |
| Recurring financial charges | 65 | €4,585 | €4,566 | -€20 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €1,801 | €27,567 | +€25,766 | +1,430% |
| Income taxes | 67/77 | €861 | €7,276 | +€6,415 | +745% |
| Profit (loss) for the period | 9904 | €941 | €20,291 | +€19,351 | +2,057% |
| Profit (loss) for the period to be appropriated | 9905 | €941 | €20,291 | +€19,351 | +2,057% |
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 14 October 2026 via checked.be.