CLAES MATERIAUX: what changed
CLAES MATERIAUX
Largest movements
- Tangible fixed assets -€9,597
down €9,597 (-84.5%), from €11,352 to €1,755
of which Furniture and vehicles: -€9,241
- Stocks and contracts -€3,364
down €3,364 (-10.1%), from €33,426 to €30,061
- Receivables within one year -€2,398
down €2,398 (-8.9%), from €26,828 to €24,430
of which Trade receivables: -€2,370
- Cash -€1,130
down €1,130 (-13.8%), from €8,205 to €7,076
mainly Net result for the year (-€13,954) and Current portion of long-term debt (-€4,802)
- Profit (loss) carried forward -€13,954
down €13,954 (-162%), from -€8,609 to -€22,563
- Current portion of long-term debt -€4,802
no longer reported in 2025 (was €4,802)
- Short-term financial debts -€3,151
down €3,151 (-16.3%), from €19,316 to €16,165
- Trade debts +€2,261
up €2,261 (+6.9%), from €32,615 to €34,876
- Other debts +€1,735
up €1,735 (+15.8%), from €11,010 to €12,745
- Gross operating margin -€7,543
down €7,543, from €7,323 to -€220
- Depreciation -€6,580
down €6,580 (-58.4%), from €11,260 to €4,680
- Write-downs -€1,299
down €1,299 (-52.0%), from €2,500 to €1,201
- Financial charges +€974
up €974 (+19.1%), from €5,105 to €6,079
of which Non-recurring financial charges: +€917
- Other operating charges -€442
down €442 (-20.9%), from €2,118 to €1,676
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,111 | €65,231 | -€16,880 | -20.6% |
| Fixed assets | 21/28 | €11,352 | €1,755 | -€9,597 | -84.5% |
| Tangible fixed assets | 22/27 | €11,352 | €1,755 | -€9,597 | -84.5% |
| Furniture and vehicles | 24 | €9,335 | €94 | -€9,241 | -99.0% |
| Other tangible fixed assets | 26 | €2,017 | €1,661 | -€356 | -17.6% |
| Current assets | 29/58 | €70,758 | €63,476 | -€7,282 | -10.3% |
| Stocks and contracts in progress | 3 | €33,426 | €30,061 | -€3,364 | -10.1% |
| Stocks | 30/36 | €33,426 | €30,061 | -€3,364 | -10.1% |
| Amounts receivable within one year | 40/41 | €26,828 | €24,430 | -€2,398 | -8.9% |
| Trade receivables | 40 | €22,863 | €20,492 | -€2,370 | -10.4% |
| Other amounts receivable | 41 | €3,966 | €3,938 | -€28 | -0.7% |
| Cash at bank and in hand | 54/58 | €8,205 | €7,076 | -€1,130 | -13.8% |
| Deferred charges and accrued income | 490/1 | €2,299 | €1,909 | -€390 | -17.0% |
| Total equity and liabilities | 10/49 | €82,111 | €65,231 | -€16,880 | -20.6% |
| Equity | 10/15 | €7,732 | -€6,221 | -€13,954 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,142 | €10,142 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,287 | €8,287 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,609 | -€22,563 | -€13,954 | -162% |
| Amounts payable | 17/49 | €74,378 | €71,452 | -€2,926 | -3.9% |
| Amounts payable within one year | 42/48 | €73,804 | €70,920 | -€2,884 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €4,802 | - | -€4,802 | |
| Financial debts | 43 | €19,316 | €16,165 | -€3,151 | -16.3% |
| Credit institutions | 430/8 | €19,316 | €16,165 | -€3,151 | -16.3% |
| Trade debts | 44 | €32,615 | €34,876 | +€2,261 | +6.9% |
| Suppliers | 440/4 | €32,615 | €34,876 | +€2,261 | +6.9% |
| Taxes, remuneration and social security | 45 | €6,061 | €7,133 | +€1,072 | +17.7% |
| Taxes | 450/3 | €5,331 | €2,821 | -€2,510 | -47.1% |
| Remuneration and social security | 454/9 | €730 | €4,312 | +€3,582 | +490% |
| Other amounts payable | 47/48 | €11,010 | €12,745 | +€1,735 | +15.8% |
| Accrued charges and deferred income | 492/3 | €574 | €532 | -€42 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,260 | €4,680 | -€6,580 | -58.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | €1,201 | -€1,299 | -52.0% |
| Other operating charges | 640/8 | €2,118 | €1,676 | -€442 | -20.9% |
| Gross operating margin | 9900 | €7,323 | -€220 | -€7,543 | |
| Operating profit (loss) | 9901 | -€8,555 | -€7,777 | +€778 | +9.1% |
| Financial income | 75/76B | €5 | €1 | -€3 | -73.1% |
| Recurring financial income | 75 | €5 | €1 | -€3 | -73.1% |
| Financial charges | 65/66B | €5,105 | €6,079 | +€974 | +19.1% |
| Recurring financial charges | 65 | €5,105 | €5,162 | +€57 | +1.1% |
| Non-recurring financial charges | 66B | - | €917 | +€917 | |
| Profit (loss) for the period before taxes | 9903 | -€13,655 | -€13,855 | -€199 | -1.5% |
| Income taxes | 67/77 | €128 | €99 | -€29 | -22.7% |
| Profit (loss) for the period | 9904 | -€13,783 | -€13,954 | -€170 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,783 | -€13,954 | -€170 | -1.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.