Claessens: 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.
Claessens
Largest movements
- Tangible fixed assets +€148,507
up €148,507 (+14.4%), from €1.0m to €1.2m
of which Land and buildings: +€168,206
- Cash -€117,588
down €117,588 (-55.2%), from €213,116 to €95,528
mainly Investment in fixed assets (net) (-€316,819) and Stocks and contracts (-€50,000)
- Stocks and contracts +€50,000
new in 2025: €50,000
- Receivables within one year +€15,533
up €15,533 (+17.6%), from €88,211 to €103,744
of which Other amounts receivable: +€15,631
- Debts after one year +€39,212
up €39,212 (+5.3%), from €732,930 to €772,141
- Current portion of long-term debt +€37,500
up €37,500 (+41.5%), from €90,398 to €127,899
- Trade debts +€28,307
up €28,307 (+64.0%), from €44,231 to €72,538
- Tax, wage and social debts -€28,272
down €28,272 (-100%), from €28,272 to €0
of which Taxes: -€28,272
- Reserves +€14,765
up €14,765 (+3.4%), from €434,521 to €449,286
- Gross operating margin -€70,237
down €70,237 (-22.9%), from €307,186 to €236,949
- Taxes -€22,923
down €22,923 (-81.1%), from €28,272 to €5,349
- Depreciation +€22,888
up €22,888 (+15.7%), from €145,424 to €168,312
- Staff costs -€16,444
down €16,444 (-90.6%), from €18,153 to €1,708
- Other operating charges -€5,897
down €5,897 (-77.2%), from €7,643 to €1,745
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 | €1,335,352 | €1,427,312 | +€91,961 | +6.9% |
| Fixed assets | 21/28 | €1,028,681 | €1,177,189 | +€148,507 | +14.4% |
| Tangible fixed assets | 22/27 | €1,028,681 | €1,177,189 | +€148,507 | +14.4% |
| Land and buildings | 22 | €610,549 | €778,755 | +€168,206 | +27.5% |
| Plant, machinery and equipment | 23 | €248,559 | €231,920 | -€16,640 | -6.7% |
| Leasing and similar rights | 25 | €169,573 | €166,514 | -€3,059 | -1.8% |
| Current assets | 29/58 | €306,670 | €250,124 | -€56,547 | -18.4% |
| Stocks and contracts in progress | 3 | - | €50,000 | +€50,000 | |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €88,211 | €103,744 | +€15,533 | +17.6% |
| Trade receivables | 40 | €81,076 | €80,978 | -€98 | -0.1% |
| Other amounts receivable | 41 | €7,135 | €22,766 | +€15,631 | +219% |
| Cash at bank and in hand | 54/58 | €213,116 | €95,528 | -€117,588 | -55.2% |
| Deferred charges and accrued income | 490/1 | €5,343 | €851 | -€4,492 | -84.1% |
| Total equity and liabilities | 10/49 | €1,335,352 | €1,427,312 | +€91,961 | +6.9% |
| Equity | 10/15 | €439,521 | €454,286 | +€14,765 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €434,521 | €449,286 | +€14,765 | +3.4% |
| Distributable reserves | 133 | €434,521 | €449,286 | +€14,765 | +3.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €895,831 | €973,026 | +€77,195 | +8.6% |
| Amounts payable after more than one year | 17 | €732,930 | €772,141 | +€39,212 | +5.3% |
| Financial debts | 170/4 | €732,930 | €772,141 | +€39,212 | +5.3% |
| Amounts payable within one year | 42/48 | €162,902 | €200,885 | +€37,984 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €90,398 | €127,899 | +€37,500 | +41.5% |
| Trade debts | 44 | €44,231 | €72,538 | +€28,307 | +64.0% |
| Suppliers | 440/4 | €44,231 | €72,538 | +€28,307 | +64.0% |
| Taxes, remuneration and social security | 45 | €28,272 | €0 | -€28,272 | -100% |
| Taxes | 450/3 | €28,272 | €0 | -€28,272 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €448 | +€448 | |
| Remuneration, social security and pensions | 62 | €18,153 | €1,708 | -€16,444 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,424 | €168,312 | +€22,888 | +15.7% |
| Other operating charges | 640/8 | €7,643 | €1,745 | -€5,897 | -77.2% |
| Gross operating margin | 9900 | €307,186 | €236,949 | -€70,237 | -22.9% |
| Operating profit (loss) | 9901 | €135,967 | €65,184 | -€70,783 | -52.1% |
| Financial income | 75/76B | €266 | €21 | -€245 | -92.0% |
| Recurring financial income | 75 | €266 | €21 | -€245 | -92.0% |
| Financial charges | 65/66B | €26,318 | €27,090 | +€773 | +2.9% |
| Recurring financial charges | 65 | €26,318 | €27,090 | +€773 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €109,915 | €38,115 | -€71,800 | -65.3% |
| Income taxes | 67/77 | €28,272 | €5,349 | -€22,923 | -81.1% |
| Profit (loss) for the period | 9904 | €81,643 | €32,765 | -€48,877 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,643 | €32,765 | -€48,877 | -59.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.