CLAESSENS DAVY: 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.
CLAESSENS DAVY
Largest movements
- Tangible fixed assets -€16,849
down €16,849 (-45.6%), from €36,965 to €20,116
of which Land and buildings: -€13,503
- Cash +€11,364
up €11,364 (+191.7%), from €5,929 to €17,292
mainly Depreciation (+€16,849) and Trade debts (+€3,146)
- Deferred charges and accrued income +€1,920
up €1,920 (+1941.9%), from €99 to €2,019
- Receivables within one year -€1,518
down €1,518 (-47.1%), from €3,224 to €1,706
of which Trade receivables: -€3,224
- Debts after one year -€5,368
down €5,368 (-100.0%), from €5,368 to €0
- Trade debts +€3,146
up €3,146 (+2756.5%), from €114 to €3,260
- Current portion of long-term debt -€1,380
down €1,380 (-20.4%), from €6,747 to €5,368
- Tax, wage and social debts -€972
down €972 (-100.0%), from €972 to €0
- Other debts -€776
down €776 (-3.9%), from €20,038 to €19,263
- Gross operating margin +€15,265
up €15,265 (+407.5%), from €3,746 to €19,011
- Depreciation -€1,076
down €1,076 (-6.0%), from €17,925 to €16,849
- Other operating charges +€381
up €381 (+40.5%), from €941 to €1,322
- Financial charges -€234
down €234 (-28.7%), from €816 to €582
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,216 | €44,333 | -€4,883 | -9.9% |
| Fixed assets | 21/28 | €36,965 | €20,116 | -€16,849 | -45.6% |
| Tangible fixed assets | 22/27 | €36,965 | €20,116 | -€16,849 | -45.6% |
| Land and buildings | 22 | €33,160 | €19,657 | -€13,503 | -40.7% |
| Plant, machinery and equipment | 23 | €307 | €71 | -€236 | -76.8% |
| Furniture and vehicles | 24 | €3,498 | €388 | -€3,110 | -88.9% |
| Current assets | 29/58 | €12,251 | €24,217 | +€11,966 | +97.7% |
| Stocks and contracts in progress | 3 | €3,000 | €3,200 | +€200 | +6.7% |
| Stocks | 30/36 | €3,000 | €3,200 | +€200 | +6.7% |
| Amounts receivable within one year | 40/41 | €3,224 | €1,706 | -€1,518 | -47.1% |
| Trade receivables | 40 | €3,224 | €0 | -€3,224 | -100.0% |
| Other amounts receivable | 41 | €0 | €1,706 | +€1,706 | |
| Cash at bank and in hand | 54/58 | €5,929 | €17,292 | +€11,364 | +191.7% |
| Deferred charges and accrued income | 490/1 | €99 | €2,019 | +€1,920 | +1941.9% |
| Total equity and liabilities | 10/49 | €49,216 | €44,333 | -€4,883 | -9.9% |
| Equity | 10/15 | €15,977 | €16,361 | +€384 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,918 | €8,302 | +€384 | +4.9% |
| Amounts payable | 17/49 | €33,239 | €27,972 | -€5,267 | -15.8% |
| Amounts payable after more than one year | 17 | €5,368 | €0 | -€5,368 | -100.0% |
| Financial debts | 170/4 | €5,368 | €0 | -€5,368 | -100.0% |
| Amounts payable within one year | 42/48 | €27,872 | €27,891 | +€19 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €6,747 | €5,368 | -€1,380 | -20.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €114 | €3,260 | +€3,146 | +2756.5% |
| Suppliers | 440/4 | €114 | €3,260 | +€3,146 | +2756.5% |
| Taxes, remuneration and social security | 45 | €972 | €0 | -€972 | -100.0% |
| Taxes | 450/3 | €972 | €0 | -€972 | -100.0% |
| Other amounts payable | 47/48 | €20,038 | €19,263 | -€776 | -3.9% |
| Accrued charges and deferred income | 492/3 | €0 | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,925 | €16,849 | -€1,076 | -6.0% |
| Other operating charges | 640/8 | €941 | €1,322 | +€381 | +40.5% |
| Gross operating margin | 9900 | €3,746 | €19,011 | +€15,265 | +407.5% |
| Operating profit (loss) | 9901 | -€15,120 | €840 | +€15,960 | |
| Financial income | 75/76B | €91 | €126 | +€35 | +38.3% |
| Recurring financial income | 75 | €91 | €126 | +€35 | +38.3% |
| Financial charges | 65/66B | €816 | €582 | -€234 | -28.7% |
| Recurring financial charges | 65 | €816 | €582 | -€234 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,845 | €384 | +€16,229 | |
| Profit (loss) for the period | 9904 | -€15,845 | €384 | +€16,229 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,845 | €384 | +€16,229 |
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 8 October 2026 via checked.be.