CLAESEN: what changed
What changed
CLAESEN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1,828
2024 · €20,017-€18,188
Equity
€394,112
2024 · €393,950+€162
Cash
€134,730
2024 · €115,829+€18,901
Balance sheet total
€413,603
2024 · €426,191-€12,588
Largest movements
Assets
- Tangible fixed assets -€29,938
down €29,938 (-11.1%), from €268,922 to €238,984
of which Furniture and vehicles: -€27,864
- Cash +€18,901
up €18,901 (+16.3%), from €115,829 to €134,730
mainly Depreciation (+€39,751) and Receivables after one year (+€5,000)
- Receivables after one year -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
Equity and liabilities
- Current portion of long-term debt -€7,052
down €7,052 (-54.8%), from €12,873 to €5,821
- Debts after one year -€5,821
down €5,821 (-39.8%), from €14,630 to €8,809
Income statement
- Gross operating margin -€26,042
down €26,042 (-36.8%), from €70,717 to €44,674
- Taxes -€8,041
down €8,041 (-82.6%), from €9,733 to €1,692
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.
Result 2024
€20,017
Gross operating margin
-€26,042
Depreciation
-€264
Other operating charges
-€194
Financial income
+€182
Financial charges
+€89
Taxes
+€8,041
Result 2025
€1,828
raises the resultlowers the result
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.
From operations
+€43,253
Investment
-€9,813
Financing
-€14,539
Cash 2024
€115,829
From operations (derived)
+€43,253
Net result for the year
+€1,828
Depreciation
+€39,751
Receivables after one year
+€5,000
Receivables within one year
-€2,118
Deferred charges and accrued income
-€1,332
Trade debts
-€987
Tax, wage and social debts
+€330
Other debts
+€780
Investment (derived)
-€9,813
Investment in fixed assets (net)
-€9,813
Financing
-€14,539
Debts after one year
-€5,821
Current portion of long-term debt
-€7,052
Contributions, distributions and other
-€1,666
Cash 2025
€134,730
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €426,191 | €413,603 | -€12,588 | -3.0% |
| Fixed assets | 21/28 | €268,922 | €238,984 | -€29,938 | -11.1% |
| Tangible fixed assets | 22/27 | €268,922 | €238,984 | -€29,938 | -11.1% |
| Land and buildings | 22 | €188,853 | €184,719 | -€4,134 | -2.2% |
| Plant, machinery and equipment | 23 | €1,321 | €3,382 | +€2,061 | +156% |
| Furniture and vehicles | 24 | €78,748 | €50,884 | -€27,864 | -35.4% |
| Current assets | 29/58 | €157,268 | €174,619 | +€17,350 | +11.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Other amounts receivable | 291 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €6,966 | €9,083 | +€2,118 | +30.4% |
| Other amounts receivable | 41 | €6,966 | €9,083 | +€2,118 | +30.4% |
| Cash at bank and in hand | 54/58 | €115,829 | €134,730 | +€18,901 | +16.3% |
| Deferred charges and accrued income | 490/1 | €4,474 | €5,806 | +€1,332 | +29.8% |
| Total equity and liabilities | 10/49 | €426,191 | €413,603 | -€12,588 | -3.0% |
| Equity | 10/15 | €393,950 | €394,112 | +€162 | 0.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €375,200 | €375,362 | +€162 | 0.0% |
| Tax-exempt reserves | 132 | €10,900 | €10,900 | = | 0.0% |
| Distributable reserves | 133 | €364,300 | €364,462 | +€162 | 0.0% |
| Amounts payable | 17/49 | €32,241 | €19,491 | -€12,750 | -39.5% |
| Amounts payable after more than one year | 17 | €14,630 | €8,809 | -€5,821 | -39.8% |
| Financial debts | 170/4 | €14,630 | €8,809 | -€5,821 | -39.8% |
| Amounts payable within one year | 42/48 | €17,611 | €10,682 | -€6,929 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €12,873 | €5,821 | -€7,052 | -54.8% |
| Trade debts | 44 | €1,241 | €254 | -€987 | -79.5% |
| Suppliers | 440/4 | €1,241 | €254 | -€987 | -79.5% |
| Taxes, remuneration and social security | 45 | €629 | €959 | +€330 | +52.4% |
| Taxes | 450/3 | €629 | €959 | +€330 | +52.4% |
| Other amounts payable | 47/48 | €2,868 | €3,649 | +€780 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,487 | €39,751 | +€264 | +0.7% |
| Other operating charges | 640/8 | €2,875 | €3,070 | +€194 | +6.8% |
| Gross operating margin | 9900 | €70,717 | €44,674 | -€26,042 | -36.8% |
| Operating profit (loss) | 9901 | €28,354 | €1,854 | -€26,500 | -93.5% |
| Financial income | 75/76B | €1,692 | €1,874 | +€182 | +10.8% |
| Recurring financial income | 75 | €1,692 | €1,874 | +€182 | +10.8% |
| Financial charges | 65/66B | €297 | €207 | -€89 | -30.2% |
| Recurring financial charges | 65 | €297 | €207 | -€89 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €29,749 | €3,520 | -€26,229 | -88.2% |
| Income taxes | 67/77 | €9,733 | €1,692 | -€8,041 | -82.6% |
| Profit (loss) for the period | 9904 | €20,017 | €1,828 | -€18,188 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,017 | €1,828 | -€18,188 | -90.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 8 November 2026 via checked.be.