CLAES & WILLEMS: 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 & WILLEMS
Largest movements
- Tangible fixed assets +€315,171
up €315,171 (+1,204%), from €26,182 to €341,353
of which Land and buildings: +€309,480
- Receivables within one year -€99,842
down €99,842 (-32.4%), from €308,478 to €208,636
of which Trade receivables: -€93,838
- Cash +€29,722
up €29,722 (+23.2%), from €128,290 to €158,012
mainly Debts after one year (+€215,088) and Receivables within one year (+€99,842)
- Debts after one year +€215,088
up €215,088 (+5,597%), from €3,843 to €218,931
- Accrued charges and deferred income +€47,275
up €47,275 (+49.7%), from €95,211 to €142,486
- Profit (loss) carried forward -€19,802
down €19,802 (-16.8%), from €117,996 to €98,194
- Trade debts -€10,027
down €10,027 (-87.9%), from €11,407 to €1,380
- Current portion of long-term debt +€9,885
up €9,885 (+160%), from €6,169 to €16,054
- Gross operating margin -€96,595
down €96,595 (-24.1%), from €400,599 to €304,004
- Taxes -€36,050
down €36,050 (-94.4%), from €38,196 to €2,146
- Financial charges +€13,238
up €13,238 (+257%), from €5,152 to €18,390
of which Financial charges: +€10,361
- Staff costs +€8,686
up €8,686 (+3.8%), from €230,700 to €239,386
- Depreciation +€5,226
up €5,226 (+20.8%), from €25,080 to €30,306
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 | €497,081 | €736,905 | +€239,824 | +48.2% |
| Fixed assets | 21/28 | €39,280 | €349,816 | +€310,536 | +791% |
| Intangible fixed assets | 21 | €7,578 | €5,939 | -€1,639 | -21.6% |
| Tangible fixed assets | 22/27 | €26,182 | €341,353 | +€315,171 | +1,204% |
| Land and buildings | 22 | - | €309,480 | +€309,480 | |
| Plant, machinery and equipment | 23 | €6,430 | €23,437 | +€17,007 | +264% |
| Furniture and vehicles | 24 | €19,446 | €8,436 | -€11,010 | -56.6% |
| Other tangible fixed assets | 26 | €307 | - | -€307 | |
| Financial fixed assets | 28 | €5,520 | €2,524 | -€2,996 | -54.3% |
| Current assets | 29/58 | €457,801 | €387,089 | -€70,712 | -15.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Trade receivables | 290 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €308,478 | €208,636 | -€99,842 | -32.4% |
| Trade receivables | 40 | €268,389 | €174,551 | -€93,838 | -35.0% |
| Other amounts receivable | 41 | €40,089 | €34,085 | -€6,004 | -15.0% |
| Cash at bank and in hand | 54/58 | €128,290 | €158,012 | +€29,722 | +23.2% |
| Deferred charges and accrued income | 490/1 | €1,033 | €441 | -€592 | -57.3% |
| Total equity and liabilities | 10/49 | €497,081 | €736,905 | +€239,824 | +48.2% |
| Equity | 10/15 | €253,979 | €234,177 | -€19,802 | -7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €115,982 | €115,983 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €6,082 | €6,083 | +€1 | 0.0% |
| Other | 1319 | €6,082 | €6,083 | +€1 | 0.0% |
| Tax-exempt reserves | 132 | €59,900 | €59,900 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,996 | €98,194 | -€19,802 | -16.8% |
| Amounts payable | 17/49 | €243,102 | €502,728 | +€259,626 | +107% |
| Amounts payable after more than one year | 17 | €3,843 | €218,931 | +€215,088 | +5,597% |
| Financial debts | 170/4 | €3,843 | €218,931 | +€215,088 | +5,597% |
| Amounts payable within one year | 42/48 | €144,049 | €141,311 | -€2,738 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €6,169 | €16,054 | +€9,885 | +160% |
| Trade debts | 44 | €11,407 | €1,380 | -€10,027 | -87.9% |
| Suppliers | 440/4 | €11,407 | €1,380 | -€10,027 | -87.9% |
| Taxes, remuneration and social security | 45 | €95,873 | €99,751 | +€3,878 | +4.0% |
| Taxes | 450/3 | €70,497 | €85,769 | +€15,272 | +21.7% |
| Remuneration and social security | 454/9 | €25,376 | €13,982 | -€11,394 | -44.9% |
| Other amounts payable | 47/48 | €30,599 | €24,126 | -€6,473 | -21.2% |
| Accrued charges and deferred income | 492/3 | €95,211 | €142,486 | +€47,275 | +49.7% |
| Remuneration, social security and pensions | 62 | €230,700 | €239,386 | +€8,686 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,080 | €30,306 | +€5,226 | +20.8% |
| Other operating charges | 640/8 | €3,906 | €3,980 | +€74 | +1.9% |
| Non-recurring operating charges | 66A | - | €9,598 | +€9,598 | |
| Gross operating margin | 9900 | €400,599 | €304,004 | -€96,595 | -24.1% |
| Operating profit (loss) | 9901 | €140,912 | €20,734 | -€120,178 | -85.3% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €5,152 | €18,390 | +€13,238 | +257% |
| Recurring financial charges | 65 | €5,152 | €15,513 | +€10,361 | +201% |
| Non-recurring financial charges | 66B | - | €2,877 | +€2,877 | |
| Profit (loss) for the period before taxes | 9903 | €135,795 | €2,344 | -€133,451 | -98.3% |
| Income taxes | 67/77 | €38,196 | €2,146 | -€36,050 | -94.4% |
| Profit (loss) for the period | 9904 | €97,599 | €198 | -€97,401 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,599 | €198 | -€97,401 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.