Claes Consultants: 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 Consultants
Largest movements
- Cash +€29,714
up €29,714 (+109%), from €27,149 to €56,863
mainly Net result for the year (+€46,735) and Other debts (+€17,510)
- Intangible fixed assets -€6,540
down €6,540 (-34.7%), from €18,846 to €12,306
- Tangible fixed assets -€4,448
down €4,448 (-12.1%), from €36,809 to €32,361
of which Other tangible fixed assets: -€4,979
- Receivables within one year +€2,887
up €2,887 (+6.4%), from €44,845 to €47,733
of which Trade receivables: +€2,083
- Deferred charges and accrued income -€2,852
down €2,852 (-50.7%), from €5,622 to €2,770
- Other debts +€17,510
up €17,510 (+38.6%), from €45,391 to €62,901
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Reserves -€14,097
down €14,097 (-33.2%), from €42,434 to €28,337
- Contributions -€6,293
down €6,293 (-50.7%), from €12,402 to €6,110
- Tax, wage and social debts +€4,178
up €4,178 (+54.5%), from €7,667 to €11,846
- Gross operating margin -€2,342
down €2,342 (-3.0%), from €77,016 to €74,674
- Depreciation +€1,943
up €1,943 (+16.4%), from €11,826 to €13,769
- Taxes -€804
down €804 (-5.8%), from €13,821 to €13,017
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 | €133,272 | €152,033 | +€18,762 | +14.1% |
| Fixed assets | 21/28 | €55,655 | €44,668 | -€10,988 | -19.7% |
| Intangible fixed assets | 21 | €18,846 | €12,306 | -€6,540 | -34.7% |
| Tangible fixed assets | 22/27 | €36,809 | €32,361 | -€4,448 | -12.1% |
| Plant, machinery and equipment | 23 | €921 | €3,071 | +€2,150 | +233% |
| Furniture and vehicles | 24 | €7,281 | €5,663 | -€1,618 | -22.2% |
| Other tangible fixed assets | 26 | €28,607 | €23,628 | -€4,979 | -17.4% |
| Current assets | 29/58 | €77,616 | €107,366 | +€29,749 | +38.3% |
| Amounts receivable within one year | 40/41 | €44,845 | €47,733 | +€2,887 | +6.4% |
| Trade receivables | 40 | €41,166 | €43,250 | +€2,083 | +5.1% |
| Other amounts receivable | 41 | €3,679 | €4,483 | +€804 | +21.9% |
| Cash at bank and in hand | 54/58 | €27,149 | €56,863 | +€29,714 | +109% |
| Deferred charges and accrued income | 490/1 | €5,622 | €2,770 | -€2,852 | -50.7% |
| Total equity and liabilities | 10/49 | €133,272 | €152,033 | +€18,762 | +14.1% |
| Equity | 10/15 | €54,836 | €34,447 | -€20,390 | -37.2% |
| Contributions | 10/11 | €12,402 | €6,110 | -€6,293 | -50.7% |
| Reserves | 13 | €42,434 | €28,337 | -€14,097 | -33.2% |
| Distributable reserves | 133 | €42,434 | €28,337 | -€14,097 | -33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,435 | €117,586 | +€39,151 | +49.9% |
| Amounts payable within one year | 42/48 | €78,435 | €102,586 | +€24,151 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €25,377 | €27,840 | +€2,463 | +9.7% |
| Suppliers | 440/4 | €25,377 | €27,840 | +€2,463 | +9.7% |
| Taxes, remuneration and social security | 45 | €7,667 | €11,846 | +€4,178 | +54.5% |
| Taxes | 450/3 | €7,667 | €11,846 | +€4,178 | +54.5% |
| Other amounts payable | 47/48 | €45,391 | €62,901 | +€17,510 | +38.6% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,826 | €13,769 | +€1,943 | +16.4% |
| Other operating charges | 640/8 | €576 | €991 | +€415 | +72.0% |
| Non-recurring operating charges | 66A | €747 | €0 | -€747 | -100% |
| Gross operating margin | 9900 | €77,016 | €74,674 | -€2,342 | -3.0% |
| Operating profit (loss) | 9901 | €63,867 | €59,915 | -€3,952 | -6.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €474 | €163 | -€311 | -65.7% |
| Recurring financial charges | 65 | €474 | €163 | -€311 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €63,393 | €59,753 | -€3,641 | -5.7% |
| Income taxes | 67/77 | €13,821 | €13,017 | -€804 | -5.8% |
| Profit (loss) for the period | 9904 | €49,572 | €46,735 | -€2,837 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,572 | €46,735 | -€2,837 | -5.7% |
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 25 October 2026 via checked.be.