CLAESEN JR: 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 JR
Largest movements
- Deferred charges and accrued income +€39,999
up €39,999 (+37,181%), from €108 to €40,107
- Cash +€32,622
up €32,622 (+22.0%), from €148,466 to €181,088
mainly Other debts (+€150,452) and Net result for the year (+€98,857)
- Receivables within one year +€30,516
up €30,516 (+12.5%), from €243,474 to €273,989
of which Trade receivables: +€18,698
- Tangible fixed assets -€15,856
down €15,856 (-65.3%), from €24,271 to €8,415
of which Furniture and vehicles: -€15,558
- Other debts +€150,452
up €150,452 (+913%), from €16,482 to €166,934
- Reserves -€68,077
down €68,077 (-18.4%), from €369,635 to €301,558
of which Distributable reserves: -€68,077
- Financial charges +€9,328
up €9,328 (+761%), from €1,225 to €10,553
of which Non-recurring financial charges: +€9,781
- Taxes -€3,063
down €3,063 (-7.0%), from €43,968 to €40,905
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 | €416,319 | €503,600 | +€87,281 | +21.0% |
| Fixed assets | 21/28 | €24,271 | €8,415 | -€15,856 | -65.3% |
| Tangible fixed assets | 22/27 | €24,271 | €8,415 | -€15,856 | -65.3% |
| Plant, machinery and equipment | 23 | €1,194 | €896 | -€298 | -25.0% |
| Furniture and vehicles | 24 | €23,078 | €7,520 | -€15,558 | -67.4% |
| Current assets | 29/58 | €392,048 | €495,185 | +€103,137 | +26.3% |
| Amounts receivable within one year | 40/41 | €243,474 | €273,989 | +€30,516 | +12.5% |
| Trade receivables | 40 | €216,737 | €235,435 | +€18,698 | +8.6% |
| Other amounts receivable | 41 | €26,736 | €38,554 | +€11,818 | +44.2% |
| Cash at bank and in hand | 54/58 | €148,466 | €181,088 | +€32,622 | +22.0% |
| Deferred charges and accrued income | 490/1 | €108 | €40,107 | +€39,999 | +37,181% |
| Total equity and liabilities | 10/49 | €416,319 | €503,600 | +€87,281 | +21.0% |
| Equity | 10/15 | €382,135 | €314,058 | -€68,077 | -17.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €369,635 | €301,558 | -€68,077 | -18.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €369,635 | €301,558 | -€68,077 | -18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,183 | €189,542 | +€155,358 | +454% |
| Amounts payable within one year | 42/48 | €34,183 | €189,542 | +€155,358 | +454% |
| Trade debts | 44 | €1,302 | €4,847 | +€3,545 | +272% |
| Suppliers | 440/4 | €1,302 | €4,847 | +€3,545 | +272% |
| Taxes, remuneration and social security | 45 | €16,399 | €17,761 | +€1,362 | +8.3% |
| Taxes | 450/3 | €16,399 | €17,761 | +€1,362 | +8.3% |
| Other amounts payable | 47/48 | €16,482 | €166,934 | +€150,452 | +913% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €2,289 | +€1,230 | +116% |
| Other operating charges | 640/8 | €1,166 | €745 | -€421 | -36.1% |
| Non-recurring operating charges | 66A | - | €484 | +€484 | |
| Gross operating margin | 9900 | €150,497 | €151,717 | +€1,219 | +0.8% |
| Operating profit (loss) | 9901 | €148,271 | €148,198 | -€73 | 0.0% |
| Financial income | 75/76B | €1,667 | €2,117 | +€450 | +27.0% |
| Recurring financial income | 75 | €1,667 | €2,117 | +€450 | +27.0% |
| Financial charges | 65/66B | €1,225 | €10,553 | +€9,328 | +761% |
| Recurring financial charges | 65 | €1,225 | €772 | -€453 | -37.0% |
| Non-recurring financial charges | 66B | - | €9,781 | +€9,781 | |
| Profit (loss) for the period before taxes | 9903 | €148,713 | €139,762 | -€8,951 | -6.0% |
| Income taxes | 67/77 | €43,968 | €40,905 | -€3,063 | -7.0% |
| Profit (loss) for the period | 9904 | €104,745 | €98,857 | -€5,889 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,745 | €98,857 | -€5,889 | -5.6% |
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 27 October 2026 via checked.be.