CLAETHO: 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.
CLAETHO
Largest movements
- Cash -€96,062
down €96,062 (-68.7%), from €139,754 to €43,692
mainly Contributions, distributions and other (-€117,647) and Current investments (-€50,106)
- Current investments +€50,106
new in 2025: €50,106
- Tangible fixed assets -€7,588
down €7,588 (-73.3%), from €10,353 to €2,765
of which Furniture and vehicles: -€6,912
- Reserves -€67,443
down €67,443 (-41.5%), from €162,500 to €95,057
- Tax, wage and social debts +€22,399
up €22,399 (+713%), from €3,143 to €25,542
- Other debts -€5,000
down €5,000 (-56.4%), from €8,858 to €3,858
- Current portion of long-term debt -€2,667
no longer reported in 2025 (was €2,667)
- Gross operating margin +€1,066
up €1,066 (+1.5%), from €70,426 to €71,493
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 | €179,973 | €127,179 | -€52,794 | -29.3% |
| Fixed assets | 21/28 | €10,353 | €2,765 | -€7,588 | -73.3% |
| Tangible fixed assets | 22/27 | €10,353 | €2,765 | -€7,588 | -73.3% |
| Plant, machinery and equipment | 23 | €677 | - | -€677 | |
| Furniture and vehicles | 24 | €9,677 | €2,765 | -€6,912 | -71.4% |
| Current assets | 29/58 | €169,620 | €124,415 | -€45,205 | -26.7% |
| Amounts receivable within one year | 40/41 | €28,955 | €30,137 | +€1,182 | +4.1% |
| Trade receivables | 40 | €28,223 | €29,166 | +€943 | +3.3% |
| Other amounts receivable | 41 | €732 | €970 | +€238 | +32.5% |
| Current investments | 50/53 | - | €50,106 | +€50,106 | |
| Cash at bank and in hand | 54/58 | €139,754 | €43,692 | -€96,062 | -68.7% |
| Deferred charges and accrued income | 490/1 | €911 | €480 | -€431 | -47.3% |
| Total equity and liabilities | 10/49 | €179,973 | €127,179 | -€52,794 | -29.3% |
| Equity | 10/15 | €164,890 | €97,057 | -€67,832 | -41.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €162,500 | €95,057 | -€67,443 | -41.5% |
| Distributable reserves | 133 | €162,500 | €95,057 | -€67,443 | -41.5% |
| Profit (loss) carried forward | 14 | €390 | - | -€390 | |
| Amounts payable | 17/49 | €15,083 | €30,122 | +€15,039 | +99.7% |
| Amounts payable within one year | 42/48 | €15,083 | €30,122 | +€15,039 | +99.7% |
| Current portion of amounts payable after more than one year | 42 | €2,667 | - | -€2,667 | |
| Trade debts | 44 | €415 | €722 | +€308 | +74.2% |
| Suppliers | 440/4 | €415 | €722 | +€308 | +74.2% |
| Taxes, remuneration and social security | 45 | €3,143 | €25,542 | +€22,399 | +713% |
| Taxes | 450/3 | €3,143 | €25,542 | +€22,399 | +713% |
| Other amounts payable | 47/48 | €8,858 | €3,858 | -€5,000 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,752 | €7,588 | -€163 | -2.1% |
| Other operating charges | 640/8 | €836 | €872 | +€36 | +4.3% |
| Gross operating margin | 9900 | €70,426 | €71,493 | +€1,066 | +1.5% |
| Operating profit (loss) | 9901 | €61,839 | €63,032 | +€1,194 | +1.9% |
| Financial income | 75/76B | €906 | €232 | -€674 | -74.4% |
| Recurring financial income | 75 | €906 | €232 | -€674 | -74.4% |
| Financial charges | 65/66B | €223 | €150 | -€73 | -32.8% |
| Recurring financial charges | 65 | €223 | €150 | -€73 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €62,521 | €63,114 | +€593 | +0.9% |
| Income taxes | 67/77 | €13,345 | €13,300 | -€45 | -0.3% |
| Profit (loss) for the period | 9904 | €49,177 | €49,815 | +€638 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,177 | €49,815 | +€638 | +1.3% |
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 15 October 2026 via checked.be.