CLAEVER ASSOCIATES: 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.
CLAEVER ASSOCIATES
Largest movements
- Cash -€676,953
down €676,953 (-97.1%), from €696,937 to €19,984
mainly Current investments (-€624,972) and Advances received (-€314,960)
- Current investments +€624,972
new in 2025: €624,972
- Receivables within one year +€36,997
up €36,997 (+22.6%), from €163,557 to €200,554
of which Other amounts receivable: +€117,954
- Stocks and contracts +€26,392
up €26,392 (+216.3%), from €12,200 to €38,592
- Advances received -€314,960
down €314,960 (-100.0%), from €314,960 to €0
- Reserves +€257,492
up €257,492 (+62.3%), from €413,323 to €670,815
of which Distributable reserves: +€257,492
- Trade debts +€50,297
up €50,297 (+62.0%), from €81,147 to €131,443
- Accrued charges and deferred income +€10,872
up €10,872, from €0 to €10,872
- Gross operating margin -€440,734
down €440,734 (-55.1%), from €799,489 to €358,755
- Taxes +€17,449
up €17,449 (+25.6%), from €68,279 to €85,728
- Other operating charges -€17,131
down €17,131 (-86.0%), from €19,914 to €2,783
- Financial income +€14,054
up €14,054 (+14308.2%), from €98 to €14,152
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 | €884,013 | €886,146 | +€2,133 | +0.2% |
| Fixed assets | 21/28 | €9,272 | €2,044 | -€7,227 | -78.0% |
| Intangible fixed assets | 21 | €2,330 | €2,044 | -€286 | -12.3% |
| Tangible fixed assets | 22/27 | €6,941 | €0 | -€6,941 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €6,941 | €0 | -€6,941 | -100.0% |
| Current assets | 29/58 | €874,741 | €884,102 | +€9,361 | +1.1% |
| Stocks and contracts in progress | 3 | €12,200 | €38,592 | +€26,392 | +216.3% |
| Contracts in progress | 37 | €12,200 | €38,592 | +€26,392 | +216.3% |
| Amounts receivable within one year | 40/41 | €163,557 | €200,554 | +€36,997 | +22.6% |
| Trade receivables | 40 | €107,245 | €26,288 | -€80,957 | -75.5% |
| Other amounts receivable | 41 | €56,312 | €174,266 | +€117,954 | +209.5% |
| Current investments | 50/53 | - | €624,972 | +€624,972 | |
| Cash at bank and in hand | 54/58 | €696,937 | €19,984 | -€676,953 | -97.1% |
| Deferred charges and accrued income | 490/1 | €2,048 | €0 | -€2,048 | -100.0% |
| Total equity and liabilities | 10/49 | €884,013 | €886,146 | +€2,133 | +0.2% |
| Equity | 10/15 | €419,523 | €677,015 | +€257,492 | +61.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €413,323 | €670,815 | +€257,492 | +62.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €394,573 | €652,065 | +€257,492 | +65.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €464,490 | €209,131 | -€255,359 | -55.0% |
| Amounts payable within one year | 42/48 | €464,490 | €198,260 | -€266,230 | -57.3% |
| Trade debts | 44 | €81,147 | €131,443 | +€50,297 | +62.0% |
| Suppliers | 440/4 | €81,147 | €131,443 | +€50,297 | +62.0% |
| Advances received on contracts in progress | 46 | €314,960 | €0 | -€314,960 | -100.0% |
| Taxes, remuneration and social security | 45 | €68,384 | €66,817 | -€1,567 | -2.3% |
| Taxes | 450/3 | €68,384 | €66,817 | -€1,567 | -2.3% |
| Accrued charges and deferred income | 492/3 | €0 | €10,872 | +€10,872 | |
| Non-recurring operating income | 76A | €24,339 | €0 | -€24,339 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,929 | €286 | -€1,643 | -85.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,528 | €17,949 | +€2,421 | +15.6% |
| Other operating charges | 640/8 | €19,914 | €2,783 | -€17,131 | -86.0% |
| Non-recurring operating charges | 66A | - | €6,941 | +€6,941 | |
| Gross operating margin | 9900 | €799,489 | €358,755 | -€440,734 | -55.1% |
| Operating profit (loss) | 9901 | €762,118 | €330,796 | -€431,322 | -56.6% |
| Financial income | 75/76B | €98 | €14,152 | +€14,054 | +14308.2% |
| Recurring financial income | 75 | €98 | €14,152 | +€14,054 | +14308.2% |
| Financial charges | 65/66B | €930 | €1,728 | +€798 | +85.7% |
| Recurring financial charges | 65 | €930 | €1,728 | +€798 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €761,286 | €343,219 | -€418,067 | -54.9% |
| Income taxes | 67/77 | €68,279 | €85,728 | +€17,449 | +25.6% |
| Profit (loss) for the period | 9904 | €693,007 | €257,492 | -€435,515 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €693,007 | €257,492 | -€435,515 | -62.8% |
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 12 October 2026 via checked.be.