Claes Andy: 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 Andy
Largest movements
- Cash +€28,963
up €28,963 (+444%), from €6,524 to €35,487
mainly Depreciation (+€24,155) and Net result for the year (+€22,126)
- Tangible fixed assets -€21,921
down €21,921 (-33.7%), from €65,049 to €43,129
of which Plant, machinery and equipment: -€15,355
- Receivables within one year -€2,471
down €2,471 (-65.5%), from €3,771 to €1,300
of which Other amounts receivable: -€2,000
- Profit (loss) carried forward +€11,076
no longer reported in 2026 (was -€11,076)
- Reserves +€11,050
new in 2026: €11,050
- Current portion of long-term debt -€6,945
down €6,945 (-74.7%), from €9,299 to €2,354
- Tax, wage and social debts -€4,094
down €4,094 (-52.2%), from €7,841 to €3,747
- Other debts -€3,109
down €3,109 (-2.7%), from €115,197 to €112,088
- Gross operating margin +€19,998
up €19,998 (+70.1%), from €28,524 to €48,522
- Other operating charges -€672
down €672 (-26.0%), from €2,586 to €1,915
- Depreciation +€587
up €587 (+2.5%), from €23,568 to €24,155
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,144 | €138,331 | +€4,187 | +3.1% |
| Fixed assets | 21/28 | €65,049 | €43,829 | -€21,221 | -32.6% |
| Tangible fixed assets | 22/27 | €65,049 | €43,129 | -€21,921 | -33.7% |
| Plant, machinery and equipment | 23 | €47,776 | €32,421 | -€15,355 | -32.1% |
| Furniture and vehicles | 24 | €1,821 | €2,150 | +€329 | +18.1% |
| Leasing and similar rights | 25 | €15,453 | €8,558 | -€6,895 | -44.6% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €69,095 | €94,503 | +€25,408 | +36.8% |
| Stocks and contracts in progress | 3 | €58,800 | €57,600 | -€1,200 | -2.0% |
| Stocks | 30/36 | €58,800 | €57,600 | -€1,200 | -2.0% |
| Amounts receivable within one year | 40/41 | €3,771 | €1,300 | -€2,471 | -65.5% |
| Trade receivables | 40 | €1,771 | €1,300 | -€471 | -26.6% |
| Other amounts receivable | 41 | €2,000 | - | -€2,000 | |
| Cash at bank and in hand | 54/58 | €6,524 | €35,487 | +€28,963 | +444% |
| Deferred charges and accrued income | 490/1 | - | €116 | +€116 | |
| Total equity and liabilities | 10/49 | €134,144 | €138,331 | +€4,187 | +3.1% |
| Equity | 10/15 | -€8,076 | €14,050 | +€22,126 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €11,050 | +€11,050 | |
| Distributable reserves | 133 | - | €11,050 | +€11,050 | |
| Profit (loss) carried forward | 14 | -€11,076 | - | +€11,076 | |
| Amounts payable | 17/49 | €142,220 | €124,281 | -€17,938 | -12.6% |
| Amounts payable after more than one year | 17 | €2,354 | - | -€2,354 | |
| Financial debts | 170/4 | €2,354 | - | -€2,354 | |
| Amounts payable within one year | 42/48 | €139,866 | €124,281 | -€15,584 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,299 | €2,354 | -€6,945 | -74.7% |
| Trade debts | 44 | €7,529 | €6,092 | -€1,436 | -19.1% |
| Suppliers | 440/4 | €7,529 | €6,092 | -€1,436 | -19.1% |
| Taxes, remuneration and social security | 45 | €7,841 | €3,747 | -€4,094 | -52.2% |
| Taxes | 450/3 | €7,841 | €3,747 | -€4,094 | -52.2% |
| Other amounts payable | 47/48 | €115,197 | €112,088 | -€3,109 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,568 | €24,155 | +€587 | +2.5% |
| Other operating charges | 640/8 | €2,586 | €1,915 | -€672 | -26.0% |
| Non-recurring operating charges | 66A | €21,500 | - | -€21,500 | |
| Gross operating margin | 9900 | €28,524 | €48,522 | +€19,998 | +70.1% |
| Operating profit (loss) | 9901 | -€19,130 | €22,452 | +€41,582 | |
| Financial income | 75/76B | €125 | €113 | -€13 | -10.2% |
| Recurring financial income | 75 | €125 | €113 | -€13 | -10.2% |
| Financial charges | 65/66B | €487 | €204 | -€283 | -58.1% |
| Recurring financial charges | 65 | €487 | €204 | -€283 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,492 | €22,361 | +€41,853 | |
| Income taxes | 67/77 | - | €235 | +€235 | |
| Profit (loss) for the period | 9904 | -€19,492 | €22,126 | +€41,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,492 | €22,126 | +€41,618 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.