CLAES-SMEYERS: 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-SMEYERS
Largest movements
- Tangible fixed assets +€81,826
up €81,826 (+282%), from €29,000 to €110,826
of which Other tangible fixed assets: +€81,362
- Receivables within one year -€13,857
down €13,857 (-27.0%), from €51,342 to €37,485
of which Trade receivables: -€11,797
- Cash +€13,468
up €13,468 (+380%), from €3,546 to €17,014
mainly Debts after one year (+€100,292) and Receivables within one year (+€13,857)
- Debts after one year +€100,292
new in 2025: €100,292
- Trade debts -€22,263
down €22,263 (-97.5%), from €22,829 to €566
- Tax, wage and social debts +€2,930
up €2,930 (+95.9%), from €3,054 to €5,983
- Gross operating margin -€9,549
down €9,549 (-37.4%), from €25,531 to €15,982
- Depreciation +€3,632
up €3,632 (+159%), from €2,287 to €5,919
- Taxes -€908
down €908 (-9.1%), from €10,021 to €9,113
- Financial income +€440
up €440 (+19,042%), from €2 to €442
- Financial charges +€299
up €299 (+443%), from €67 to €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.
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 | €98,887 | €180,325 | +€81,438 | +82.4% |
| Fixed assets | 21/28 | €29,000 | €110,826 | +€81,826 | +282% |
| Tangible fixed assets | 22/27 | €29,000 | €110,826 | +€81,826 | +282% |
| Plant, machinery and equipment | 23 | €2,510 | €1,286 | -€1,224 | -48.8% |
| Furniture and vehicles | 24 | €26,490 | €28,179 | +€1,688 | +6.4% |
| Other tangible fixed assets | 26 | - | €81,362 | +€81,362 | |
| Current assets | 29/58 | €69,887 | €69,499 | -€389 | -0.6% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,342 | €37,485 | -€13,857 | -27.0% |
| Trade receivables | 40 | €47,088 | €35,291 | -€11,797 | -25.1% |
| Other amounts receivable | 41 | €4,254 | €2,194 | -€2,060 | -48.4% |
| Cash at bank and in hand | 54/58 | €3,546 | €17,014 | +€13,468 | +380% |
| Total equity and liabilities | 10/49 | €98,887 | €180,325 | +€81,438 | +82.4% |
| Equity | 10/15 | €73,005 | €73,484 | +€479 | +0.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €25,366 | €25,366 | = | 0.0% |
| Distributable reserves | 133 | €25,366 | €25,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,361 | -€1,882 | +€479 | +20.3% |
| Amounts payable | 17/49 | €25,882 | €106,841 | +€80,958 | +313% |
| Amounts payable after more than one year | 17 | - | €100,292 | +€100,292 | |
| Financial debts | 170/4 | - | €100,292 | +€100,292 | |
| Amounts payable within one year | 42/48 | €25,882 | €6,549 | -€19,333 | -74.7% |
| Trade debts | 44 | €22,829 | €566 | -€22,263 | -97.5% |
| Suppliers | 440/4 | €22,829 | €566 | -€22,263 | -97.5% |
| Taxes, remuneration and social security | 45 | €3,054 | €5,983 | +€2,930 | +95.9% |
| Taxes | 450/3 | €3,054 | €5,983 | +€2,930 | +95.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24 | €0 | -€24 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,287 | €5,919 | +€3,632 | +159% |
| Other operating charges | 640/8 | €472 | €547 | +€74 | +15.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €25,531 | €15,982 | -€9,549 | -37.4% |
| Operating profit (loss) | 9901 | €22,748 | €9,516 | -€13,232 | -58.2% |
| Financial income | 75/76B | €2 | €442 | +€440 | +19,042% |
| Recurring financial income | 75 | €2 | €442 | +€440 | +19,042% |
| Financial charges | 65/66B | €67 | €366 | +€299 | +443% |
| Recurring financial charges | 65 | €67 | €366 | +€299 | +443% |
| Profit (loss) for the period before taxes | 9903 | €22,683 | €9,592 | -€13,091 | -57.7% |
| Income taxes | 67/77 | €10,021 | €9,113 | -€908 | -9.1% |
| Profit (loss) for the period | 9904 | €12,662 | €479 | -€12,182 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,662 | €479 | -€12,182 | -96.2% |
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 30 October 2026 via checked.be.