CLAESSEN: what changed
Two fiscal 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.
What changed
CLAESSEN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€11,790
2024 · €4,099+€7,691
Equity
€3.0m
2024 · €3.0m+€11,790
Cash
€65,824
2024 · €90,007-€24,183
Balance sheet total
€7.3m
2024 · €7.4m-€109,736
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€167,571
down €167,571 (-25.9%), from €646,134 to €478,562
Income statement
- Gross operating margin -€34,635
down €34,635 (-7.0%), from €492,886 to €458,251
- Staff costs -€31,897
down €31,897 (-15.1%), from €211,673 to €179,776
- Depreciation -€16,257
down €16,257 (-24.1%), from €67,359 to €51,102
- Financial income -€10,567
down €10,567 (-65.4%), from €16,157 to €5,590
- Financial charges -€9,299
down €9,299 (-4.9%), from €190,968 to €181,669
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.
Result 2024
€4,099
Gross operating margin
-€34,635
Staff costs
+€31,897
Depreciation
+€16,257
Other operating charges
+€514
Financial income
-€10,567
Financial charges
+€9,299
Taxes
-€5,075
Result 2025
€11,790
Cash bridge derived
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.
From operations
+€174,697
Investment
-€32,885
Financing
-€165,994
Cash 2024
€90,007
From operations (derived)
+€174,697
Net result for the year
+€11,790
Depreciation
+€51,102
Receivables within one year
+€67,337
Trade debts
-€5,754
Tax, wage and social debts
-€5,079
Other debts
+€65,574
Accrued charges and deferred income
-€10,272
Investment (derived)
-€32,885
Investment in fixed assets (net)
-€32,885
Financing
-€165,994
Debts after one year
-€167,571
Current portion of long-term debt
+€1,577
Cash 2025
€65,824
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,418,811 | €7,309,075 | -€109,736 | -1.5% |
| Fixed assets | 21/28 | €6,279,298 | €6,261,081 | -€18,217 | -0.3% |
| Intangible fixed assets | 21 | €36,788 | €27,321 | -€9,466 | -25.7% |
| Tangible fixed assets | 22/27 | €6,242,510 | €6,233,760 | -€8,750 | -0.1% |
| Land and buildings | 22 | €6,225,366 | €6,217,173 | -€8,193 | -0.1% |
| Plant, machinery and equipment | 23 | €4,029 | €9,418 | +€5,389 | +133.8% |
| Furniture and vehicles | 24 | €13,115 | €7,169 | -€5,947 | -45.3% |
| Current assets | 29/58 | €1,139,514 | €1,047,994 | -€91,520 | -8.0% |
| Stocks and contracts in progress | 3 | €43,120 | €43,120 | = | 0.0% |
| Stocks | 30/36 | €43,120 | €43,120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €352,220 | €284,883 | -€67,337 | -19.1% |
| Trade receivables | 40 | €60,500 | €0 | -€60,500 | -100.0% |
| Other amounts receivable | 41 | €291,720 | €284,883 | -€6,837 | -2.3% |
| Current investments | 50/53 | €654,167 | €654,167 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,007 | €65,824 | -€24,183 | -26.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €7,418,811 | €7,309,075 | -€109,736 | -1.5% |
| Equity | 10/15 | €2,984,392 | €2,996,182 | +€11,790 | +0.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €2,922,419 | €2,934,209 | +€11,790 | +0.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €2,916,221 | €2,928,011 | +€11,790 | +0.4% |
| Amounts payable | 17/49 | €4,434,419 | €4,312,893 | -€121,526 | -2.7% |
| Amounts payable after more than one year | 17 | €646,134 | €478,562 | -€167,571 | -25.9% |
| Financial debts | 170/4 | €646,134 | €478,562 | -€167,571 | -25.9% |
| Amounts payable within one year | 42/48 | €3,672,256 | €3,728,573 | +€56,317 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €97,494 | €99,071 | +€1,577 | +1.6% |
| Trade debts | 44 | €9,929 | €4,175 | -€5,754 | -58.0% |
| Suppliers | 440/4 | €9,929 | €4,175 | -€5,754 | -58.0% |
| Taxes, remuneration and social security | 45 | €32,441 | €27,362 | -€5,079 | -15.7% |
| Taxes | 450/3 | €6,790 | €5,745 | -€1,046 | -15.4% |
| Remuneration and social security | 454/9 | €25,651 | €21,617 | -€4,033 | -15.7% |
| Other amounts payable | 47/48 | €3,532,391 | €3,597,964 | +€65,574 | +1.9% |
| Accrued charges and deferred income | 492/3 | €116,030 | €105,758 | -€10,272 | -8.9% |
| Remuneration, social security and pensions | 62 | €211,673 | €179,776 | -€31,897 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,359 | €51,102 | -€16,257 | -24.1% |
| Other operating charges | 640/8 | €31,505 | €30,990 | -€514 | -1.6% |
| Gross operating margin | 9900 | €492,886 | €458,251 | -€34,635 | -7.0% |
| Operating profit (loss) | 9901 | €182,349 | €196,383 | +€14,034 | +7.7% |
| Financial income | 75/76B | €16,157 | €5,590 | -€10,567 | -65.4% |
| Recurring financial income | 75 | €16,157 | €5,590 | -€10,567 | -65.4% |
| Financial charges | 65/66B | €190,968 | €181,669 | -€9,299 | -4.9% |
| Recurring financial charges | 65 | €190,968 | €181,669 | -€9,299 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €7,538 | €20,304 | +€12,766 | +169.4% |
| Income taxes | 67/77 | €3,439 | €8,514 | +€5,075 | +147.5% |
| Profit (loss) for the period | 9904 | €4,099 | €11,790 | +€7,691 | +187.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,099 | €11,790 | +€7,691 | +187.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.