CLAES ENGINEERING: what changed
Two fiscal 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 ENGINEERING
Largest movements
- Cash +€117,960
up €117,960 (+98.4%), from €119,890 to €237,850
mainly Net result for the year (+€125,929) and Debts after one year (+€81,000)
- Tangible fixed assets -€12,066
down €12,066 (-24.6%), from €49,097 to €37,030
of which Furniture and vehicles: -€6,919
- Stocks and contracts +€7,594
up €7,594 (+28.8%), from €26,338 to €33,932
- Current investments +€6,000
up €6,000 (+243.6%), from €2,463 to €8,463
- Receivables within one year +€5,501
up €5,501 (+14.7%), from €37,443 to €42,944
of which Trade receivables: +€7,528
- Reserves +€125,929
up €125,929 (+199.3%), from €63,180 to €189,109
- Other debts -€86,349
down €86,349 (-58.6%), from €147,358 to €61,010
- Debts after one year +€81,000
new in 2025: €81,000
- Trade debts +€4,385
up €4,385 (+59.6%), from €7,363 to €11,748
- Gross operating margin +€110,247
up €110,247 (+155.0%), from €71,121 to €181,368
- Taxes +€25,068
up €25,068 (+243.4%), from €10,298 to €35,366
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 | €243,972 | €371,144 | +€127,172 | +52.1% |
| Fixed assets | 21/28 | €49,097 | €37,030 | -€12,066 | -24.6% |
| Tangible fixed assets | 22/27 | €49,097 | €37,030 | -€12,066 | -24.6% |
| Land and buildings | 22 | €8,473 | €5,919 | -€2,553 | -30.1% |
| Plant, machinery and equipment | 23 | €16,545 | €11,869 | -€4,676 | -28.3% |
| Furniture and vehicles | 24 | €24,079 | €17,161 | -€6,919 | -28.7% |
| Assets under construction and advance payments | 27 | - | €2,081 | +€2,081 | |
| Current assets | 29/58 | €194,876 | €334,114 | +€139,238 | +71.4% |
| Stocks and contracts in progress | 3 | €26,338 | €33,932 | +€7,594 | +28.8% |
| Stocks | 30/36 | €26,338 | €33,932 | +€7,594 | +28.8% |
| Amounts receivable within one year | 40/41 | €37,443 | €42,944 | +€5,501 | +14.7% |
| Trade receivables | 40 | €35,416 | €42,944 | +€7,528 | +21.3% |
| Other amounts receivable | 41 | €2,027 | - | -€2,027 | |
| Current investments | 50/53 | €2,463 | €8,463 | +€6,000 | +243.6% |
| Cash at bank and in hand | 54/58 | €119,890 | €237,850 | +€117,960 | +98.4% |
| Deferred charges and accrued income | 490/1 | €8,742 | €10,924 | +€2,183 | +25.0% |
| Total equity and liabilities | 10/49 | €243,972 | €371,144 | +€127,172 | +52.1% |
| Equity | 10/15 | €81,780 | €207,709 | +€125,929 | +154.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,180 | €189,109 | +€125,929 | +199.3% |
| Distributable reserves | 133 | €63,180 | €189,109 | +€125,929 | +199.3% |
| Amounts payable | 17/49 | €162,193 | €163,435 | +€1,243 | +0.8% |
| Amounts payable after more than one year | 17 | - | €81,000 | +€81,000 | |
| Other amounts payable | 178/9 | - | €81,000 | +€81,000 | |
| Amounts payable within one year | 42/48 | €157,647 | €76,940 | -€80,707 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €1,208 | - | -€1,208 | |
| Trade debts | 44 | €7,363 | €11,748 | +€4,385 | +59.6% |
| Suppliers | 440/4 | €7,363 | €11,748 | +€4,385 | +59.6% |
| Taxes, remuneration and social security | 45 | €1,718 | €4,182 | +€2,464 | +143.4% |
| Taxes | 450/3 | €1,718 | €4,182 | +€2,464 | +143.4% |
| Other amounts payable | 47/48 | €147,358 | €61,010 | -€86,349 | -58.6% |
| Accrued charges and deferred income | 492/3 | €4,546 | €5,496 | +€950 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,749 | €14,147 | -€602 | -4.1% |
| Other operating charges | 640/8 | €696 | €1,164 | +€469 | +67.4% |
| Gross operating margin | 9900 | €71,121 | €181,368 | +€110,247 | +155.0% |
| Operating profit (loss) | 9901 | €55,676 | €166,056 | +€110,380 | +198.3% |
| Financial income | 75/76B | €138 | €850 | +€712 | +514.9% |
| Recurring financial income | 75 | €138 | €850 | +€712 | +514.9% |
| Financial charges | 65/66B | €4,900 | €5,612 | +€712 | +14.5% |
| Recurring financial charges | 65 | €4,900 | €5,612 | +€712 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €50,915 | €161,295 | +€110,380 | +216.8% |
| Income taxes | 67/77 | €10,298 | €35,366 | +€25,068 | +243.4% |
| Profit (loss) for the period | 9904 | €40,617 | €125,929 | +€85,312 | +210.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,617 | €125,929 | +€85,312 | +210.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.