Claes-Hag: 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-Hag
Largest movements
- Cash +€14,934
up €14,934 (+56.0%), from €26,690 to €41,624
mainly Net result for the year (+€69,353) and Depreciation (+€9,214)
- Tangible fixed assets -€7,955
down €7,955 (-27.7%), from €28,701 to €20,745
of which Leasing and similar rights: -€7,060
- Deferred charges and accrued income -€4,365
down €4,365 (-10.7%), from €40,853 to €36,488
- Receivables within one year -€2,800
down €2,800 (-76.8%), from €3,644 to €844
- Debts after one year -€7,230
down €7,230 (-43.5%), from €16,614 to €9,384
- Tax, wage and social debts +€2,705
up €2,705 (+108%), from €2,500 to €5,205
- Other debts +€2,165
up €2,165 (+214%), from €1,013 to €3,178
- Reserves +€1,600
up €1,600 (+2.4%), from €67,750 to €69,350
- Gross operating margin +€3,037
up €3,037 (+3.2%), from €95,948 to €98,984
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 | €99,889 | €99,702 | -€187 | -0.2% |
| Fixed assets | 21/28 | €28,701 | €20,745 | -€7,955 | -27.7% |
| Tangible fixed assets | 22/27 | €28,701 | €20,745 | -€7,955 | -27.7% |
| Plant, machinery and equipment | 23 | €2,400 | €2,098 | -€303 | -12.6% |
| Furniture and vehicles | 24 | €3,458 | €2,865 | -€593 | -17.1% |
| Leasing and similar rights | 25 | €22,842 | €15,782 | -€7,060 | -30.9% |
| Current assets | 29/58 | €71,188 | €78,957 | +€7,769 | +10.9% |
| Amounts receivable within one year | 40/41 | €3,644 | €844 | -€2,800 | -76.8% |
| Other amounts receivable | 41 | €3,644 | €844 | -€2,800 | -76.8% |
| Cash at bank and in hand | 54/58 | €26,690 | €41,624 | +€14,934 | +56.0% |
| Deferred charges and accrued income | 490/1 | €40,853 | €36,488 | -€4,365 | -10.7% |
| Total equity and liabilities | 10/49 | €99,889 | €99,702 | -€187 | -0.2% |
| Equity | 10/15 | €72,754 | €74,356 | +€1,603 | +2.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,750 | €69,350 | +€1,600 | +2.4% |
| Distributable reserves | 133 | €67,750 | €69,350 | +€1,600 | +2.4% |
| Profit (loss) carried forward | 14 | €4 | €6 | +€3 | +77.3% |
| Amounts payable | 17/49 | €27,135 | €25,346 | -€1,789 | -6.6% |
| Amounts payable after more than one year | 17 | €16,614 | €9,384 | -€7,230 | -43.5% |
| Financial debts | 170/4 | €16,614 | €9,384 | -€7,230 | -43.5% |
| Amounts payable within one year | 42/48 | €10,521 | €15,962 | +€5,441 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €6,993 | €7,230 | +€237 | +3.4% |
| Trade debts | 44 | €15 | €349 | +€334 | +2,225% |
| Suppliers | 440/4 | €15 | €349 | +€334 | +2,225% |
| Taxes, remuneration and social security | 45 | €2,500 | €5,205 | +€2,705 | +108% |
| Taxes | 450/3 | €2,500 | €5,205 | +€2,705 | +108% |
| Other amounts payable | 47/48 | €1,013 | €3,178 | +€2,165 | +214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,563 | €9,214 | +€651 | +7.6% |
| Other operating charges | 640/8 | €2,067 | €2,079 | +€12 | +0.6% |
| Gross operating margin | 9900 | €95,948 | €98,984 | +€3,037 | +3.2% |
| Operating profit (loss) | 9901 | €85,317 | €87,691 | +€2,373 | +2.8% |
| Financial income | 75/76B | €970 | €122 | -€848 | -87.5% |
| Recurring financial income | 75 | €970 | €122 | -€848 | -87.5% |
| Financial charges | 65/66B | €983 | €755 | -€228 | -23.2% |
| Recurring financial charges | 65 | €983 | €755 | -€228 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €85,305 | €87,058 | +€1,753 | +2.1% |
| Income taxes | 67/77 | €17,574 | €17,705 | +€131 | +0.7% |
| Profit (loss) for the period | 9904 | €67,731 | €69,353 | +€1,621 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €67,731 | €69,353 | +€1,621 | +2.4% |
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 19 October 2026 via checked.be.