CLAESEN 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.
CLAESEN IMMO
Largest movements
- Stocks and contracts -€80,276
down €80,276 (-93.7%), from €85,705 to €5,429
of which Contracts in progress: -€71,322
- Cash +€9,797
up €9,797 (+217%), from €4,515 to €14,312
mainly Stocks and contracts (+€80,276) and Depreciation (+€6,725)
- Reserves -€37,263
down €37,263 (-22.1%), from €168,536 to €131,273
- Short-term financial debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Trade debts -€10,339
down €10,339 (-73.0%), from €14,162 to €3,823
- Current portion of long-term debt -€8,668
no longer reported in 2025 (was €8,668)
- Other debts +€5,669
up €5,669 (+10.9%), from €52,155 to €57,824
- Other operating charges -€39,112
down €39,112 (-66.7%), from €58,673 to €19,561
- Gross operating margin -€2,929
down €2,929 (-142%), from -€2,065 to -€4,994
- Financial charges -€1,756
down €1,756 (-23.4%), from €7,508 to €5,752
- Depreciation -€647
down €647 (-8.8%), from €7,371 to €6,725
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 | €372,635 | €299,169 | -€73,466 | -19.7% |
| Fixed assets | 21/28 | €164,659 | €165,263 | +€603 | +0.4% |
| Tangible fixed assets | 22/27 | €164,409 | €165,013 | +€603 | +0.4% |
| Land and buildings | 22 | €154,907 | €151,662 | -€3,245 | -2.1% |
| Furniture and vehicles | 24 | €9,502 | €13,351 | +€3,849 | +40.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €207,975 | €133,906 | -€74,069 | -35.6% |
| Stocks and contracts in progress | 3 | €85,705 | €5,429 | -€80,276 | -93.7% |
| Stocks | 30/36 | €14,383 | €5,429 | -€8,954 | -62.3% |
| Contracts in progress | 37 | €71,322 | - | -€71,322 | |
| Amounts receivable within one year | 40/41 | €117,755 | €114,165 | -€3,590 | -3.0% |
| Trade receivables | 40 | €109,316 | €108,808 | -€508 | -0.5% |
| Other amounts receivable | 41 | €8,439 | €5,357 | -€3,082 | -36.5% |
| Cash at bank and in hand | 54/58 | €4,515 | €14,312 | +€9,797 | +217% |
| Total equity and liabilities | 10/49 | €372,635 | €299,169 | -€73,466 | -19.7% |
| Equity | 10/15 | €199,636 | €162,373 | -€37,263 | -18.7% |
| Contributions | 10/11 | €31,100 | €31,100 | = | 0.0% |
| Reserves | 13 | €168,536 | €131,273 | -€37,263 | -22.1% |
| Distributable reserves | 133 | €168,536 | €131,273 | -€37,263 | -22.1% |
| Amounts payable | 17/49 | €172,999 | €136,796 | -€36,203 | -20.9% |
| Amounts payable after more than one year | 17 | €4,314 | €4,314 | = | 0.0% |
| Financial debts | 170/4 | €4,314 | €4,314 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,685 | €114,482 | -€36,203 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €8,668 | - | -€8,668 | |
| Financial debts | 43 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Credit institutions | 430/8 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Trade debts | 44 | €14,162 | €3,823 | -€10,339 | -73.0% |
| Suppliers | 440/4 | €14,162 | €3,823 | -€10,339 | -73.0% |
| Taxes, remuneration and social security | 45 | €700 | €2,835 | +€2,135 | +305% |
| Taxes | 450/3 | - | €2,835 | +€2,835 | |
| Remuneration and social security | 454/9 | €700 | - | -€700 | |
| Other amounts payable | 47/48 | €52,155 | €57,824 | +€5,669 | +10.9% |
| Accrued charges and deferred income | 492/3 | €18,000 | €18,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €293 | €265 | -€29 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,371 | €6,725 | -€647 | -8.8% |
| Other operating charges | 640/8 | €58,673 | €19,561 | -€39,112 | -66.7% |
| Gross operating margin | 9900 | -€2,065 | -€4,994 | -€2,929 | -142% |
| Operating profit (loss) | 9901 | -€68,402 | -€31,544 | +€36,858 | +53.9% |
| Financial income | 75/76B | €1 | €33 | +€32 | +2,556% |
| Recurring financial income | 75 | €1 | €33 | +€32 | +2,556% |
| Financial charges | 65/66B | €7,508 | €5,752 | -€1,756 | -23.4% |
| Recurring financial charges | 65 | €7,508 | €5,752 | -€1,756 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€75,909 | -€37,263 | +€38,646 | +50.9% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€75,909 | -€37,263 | +€38,646 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,909 | -€37,263 | +€38,646 | +50.9% |
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 13 October 2026 via checked.be.