CLAES H.: 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 H.
Largest movements
- Tangible fixed assets -€49,566
down €49,566 (-6.6%), from €749,847 to €700,282
of which Furniture and vehicles: -€36,141
- Cash +€12,596
up €12,596 (+204%), from €6,181 to €18,776
mainly Net result for the year (+€91,067) and Depreciation (+€26,490)
- Stocks and contracts +€10,520
up €10,520 (+37.9%), from €27,780 to €38,300
- Profit (loss) carried forward +€91,067
up €91,067, from -€82,181 to €8,886
- Trade debts -€68,973
down €68,973 (-35.9%), from €192,074 to €123,100
- Debts after one year -€48,351
down €48,351 (-9.9%), from €486,501 to €438,150
- Gross operating margin +€118,771
up €118,771 (+101%), from €118,155 to €236,926
- Financial charges +€33,888
up €33,888 (+245%), from €13,816 to €47,703
- Staff costs +€14,275
up €14,275 (+36.3%), from €39,374 to €53,649
- Other operating charges -€5,007
down €5,007 (-23.1%), from €21,646 to €16,639
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 | €869,444 | €843,067 | -€26,378 | -3.0% |
| Fixed assets | 21/28 | €756,672 | €707,107 | -€49,566 | -6.6% |
| Tangible fixed assets | 22/27 | €749,847 | €700,282 | -€49,566 | -6.6% |
| Land and buildings | 22 | €659,135 | €653,550 | -€5,585 | -0.8% |
| Plant, machinery and equipment | 23 | €27,358 | €19,518 | -€7,840 | -28.7% |
| Furniture and vehicles | 24 | €63,354 | €27,213 | -€36,141 | -57.0% |
| Financial fixed assets | 28 | €6,825 | €6,825 | = | 0.0% |
| Current assets | 29/58 | €112,772 | €135,960 | +€23,188 | +20.6% |
| Stocks and contracts in progress | 3 | €27,780 | €38,300 | +€10,520 | +37.9% |
| Stocks | 30/36 | €27,780 | €38,300 | +€10,520 | +37.9% |
| Amounts receivable within one year | 40/41 | €76,957 | €77,708 | +€751 | +1.0% |
| Trade receivables | 40 | €76,957 | €77,672 | +€715 | +0.9% |
| Other amounts receivable | 41 | €0 | €36 | +€36 | |
| Cash at bank and in hand | 54/58 | €6,181 | €18,776 | +€12,596 | +204% |
| Deferred charges and accrued income | 490/1 | €1,854 | €1,176 | -€678 | -36.6% |
| Total equity and liabilities | 10/49 | €869,444 | €843,067 | -€26,378 | -3.0% |
| Equity | 10/15 | -€60,181 | €30,886 | +€91,067 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,181 | €8,886 | +€91,067 | |
| Amounts payable | 17/49 | €929,625 | €812,181 | -€117,444 | -12.6% |
| Amounts payable after more than one year | 17 | €486,501 | €438,150 | -€48,351 | -9.9% |
| Financial debts | 170/4 | €486,501 | €438,150 | -€48,351 | -9.9% |
| Amounts payable within one year | 42/48 | €443,124 | €374,031 | -€69,093 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €56,737 | €49,236 | -€7,501 | -13.2% |
| Financial debts | 43 | €2 | €0 | -€2 | -100% |
| Other loans | 439 | €2 | €0 | -€2 | -100% |
| Trade debts | 44 | €192,074 | €123,100 | -€68,973 | -35.9% |
| Suppliers | 440/4 | €192,074 | €123,100 | -€68,973 | -35.9% |
| Taxes, remuneration and social security | 45 | €18,432 | €26,927 | +€8,495 | +46.1% |
| Taxes | 450/3 | €16,629 | €25,212 | +€8,583 | +51.6% |
| Remuneration and social security | 454/9 | €1,804 | €1,716 | -€88 | -4.9% |
| Other amounts payable | 47/48 | €175,878 | €174,767 | -€1,111 | -0.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €39,374 | €53,649 | +€14,275 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,836 | €26,490 | +€655 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,543 | €1,380 | -€163 | -10.5% |
| Other operating charges | 640/8 | €21,646 | €16,639 | -€5,007 | -23.1% |
| Non-recurring operating charges | 66A | €90,142 | €0 | -€90,142 | -100% |
| Gross operating margin | 9900 | €118,155 | €236,926 | +€118,771 | +101% |
| Operating profit (loss) | 9901 | -€60,385 | €138,767 | +€199,152 | |
| Financial income | 75/76B | €155 | €4 | -€151 | -97.3% |
| Recurring financial income | 75 | €155 | €4 | -€151 | -97.3% |
| Financial charges | 65/66B | €13,816 | €47,703 | +€33,888 | +245% |
| Recurring financial charges | 65 | €13,816 | €47,703 | +€33,888 | +245% |
| Profit (loss) for the period before taxes | 9903 | -€74,046 | €91,068 | +€165,114 | |
| Income taxes | 67/77 | €44 | €1 | -€43 | -97.1% |
| Profit (loss) for the period | 9904 | -€74,090 | €91,067 | +€165,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,090 | €91,067 | +€165,157 |
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 22 October 2026 via checked.be.