CLAES IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€13,657
down €13,657 (-8.3%), from €165,235 to €151,578
- Cash -€6,835
down €6,835 (-20.2%), from €33,783 to €26,948
mainly Net result for the year (-€20,696) and Trade debts (-€1,175)
- Profit (loss) carried forward -€18,005
down €18,005 (-425.0%), from -€4,237 to -€22,242
- Reserves -€2,692
down €2,692 (-3.7%), from €72,370 to €69,678
- Gross operating margin -€22,215
down €22,215 (-86.5%), from €25,684 to €3,469
- Financial charges +€3,425
up €3,425 (+1995.4%), from €172 to €3,597
- Depreciation -€3,029
down €3,029 (-18.2%), from €16,685 to €13,657
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 | €199,017 | €178,526 | -€20,492 | -10.3% |
| Fixed assets | 21/28 | €165,235 | €151,578 | -€13,657 | -8.3% |
| Tangible fixed assets | 22/27 | €165,235 | €151,578 | -€13,657 | -8.3% |
| Land and buildings | 22 | €165,235 | €151,578 | -€13,657 | -8.3% |
| Current assets | 29/58 | €33,783 | €26,948 | -€6,835 | -20.2% |
| Cash at bank and in hand | 54/58 | €33,783 | €26,948 | -€6,835 | -20.2% |
| Total equity and liabilities | 10/49 | €199,017 | €178,526 | -€20,492 | -10.3% |
| Equity | 10/15 | €95,048 | €74,352 | -€20,696 | -21.8% |
| Contributions | 10/11 | €26,915 | €26,915 | = | 0.0% |
| Reserves | 13 | €72,370 | €69,678 | -€2,692 | -3.7% |
| Distributable reserves | 133 | €72,370 | €69,678 | -€2,692 | -3.7% |
| Profit (loss) carried forward | 14 | -€4,237 | -€22,242 | -€18,005 | -425.0% |
| Amounts payable | 17/49 | €103,969 | €104,174 | +€205 | +0.2% |
| Amounts payable within one year | 42/48 | €103,969 | €104,174 | +€205 | +0.2% |
| Trade debts | 44 | €1,815 | €640 | -€1,175 | -64.8% |
| Suppliers | 440/4 | €1,815 | €640 | -€1,175 | -64.8% |
| Other amounts payable | 47/48 | €102,154 | €103,534 | +€1,380 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,685 | €13,657 | -€3,029 | -18.2% |
| Other operating charges | 640/8 | €6,710 | €6,911 | +€201 | +3.0% |
| Gross operating margin | 9900 | €25,684 | €3,469 | -€22,215 | -86.5% |
| Operating profit (loss) | 9901 | €2,288 | -€17,100 | -€19,388 | |
| Financial charges | 65/66B | €172 | €3,597 | +€3,425 | +1995.4% |
| Recurring financial charges | 65 | €172 | €3,597 | +€3,425 | +1995.4% |
| Profit (loss) for the period before taxes | 9903 | €2,117 | -€20,696 | -€22,813 | |
| Profit (loss) for the period | 9904 | €2,117 | -€20,696 | -€22,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,117 | -€20,696 | -€22,813 |
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 9 October 2026 via checked.be.