CLAEYS: 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.
CLAEYS
Largest movements
- Receivables within one year -€308,486
down €308,486 (-30.3%), from €1.0m to €708,611
of which Other amounts receivable: -€423,341
- Cash -€242,100
down €242,100 (-64.1%), from €377,613 to €135,512
mainly Investment in fixed assets (net) (-€442,564) and Debts after one year (-€251,426)
- Tangible fixed assets +€201,265
up €201,265 (+5.3%), from €3.8m to €4.0m
of which Land and buildings: +€179,373
- Stocks and contracts -€199,726
down €199,726 (-77.3%), from €258,337 to €58,611
- Debts after one year -€251,426
down €251,426 (-9.3%), from €2.7m to €2.5m
- Short-term financial debts -€152,756
down €152,756 (-70.6%), from €216,282 to €63,526
of which Other loans: -€200,000
- Trade debts -€102,088
down €102,088 (-43.9%), from €232,639 to €130,551
- Tax, wage and social debts -€75,971
down €75,971 (-60.0%), from €126,537 to €50,566
of which Taxes: -€61,837
- Gross operating margin -€148,791
down €148,791 (-16.1%), from €926,895 to €778,104
- Depreciation -€37,373
down €37,373 (-13.4%), from €278,672 to €241,299
- Staff costs -€30,413
down €30,413 (-13.0%), from €234,673 to €204,260
- Financial charges +€19,334
up €19,334 (+26.1%), from €73,948 to €93,282
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 | €5,488,856 | €4,932,015 | -€556,841 | -10.1% |
| Fixed assets | 21/28 | €3,808,596 | €4,009,861 | +€201,265 | +5.3% |
| Tangible fixed assets | 22/27 | €3,802,896 | €4,004,161 | +€201,265 | +5.3% |
| Land and buildings | 22 | €3,702,109 | €3,881,482 | +€179,373 | +4.8% |
| Plant, machinery and equipment | 23 | €10,701 | €7,697 | -€3,004 | -28.1% |
| Furniture and vehicles | 24 | €86,886 | €106,228 | +€19,342 | +22.3% |
| Other tangible fixed assets | 26 | €3,200 | €8,754 | +€5,554 | +174% |
| Financial fixed assets | 28 | €5,700 | €5,700 | = | 0.0% |
| Current assets | 29/58 | €1,680,260 | €922,154 | -€758,106 | -45.1% |
| Stocks and contracts in progress | 3 | €258,337 | €58,611 | -€199,726 | -77.3% |
| Contracts in progress | 37 | €258,337 | €58,611 | -€199,726 | -77.3% |
| Amounts receivable within one year | 40/41 | €1,017,098 | €708,611 | -€308,486 | -30.3% |
| Trade receivables | 40 | €551,316 | €666,170 | +€114,855 | +20.8% |
| Other amounts receivable | 41 | €465,782 | €42,441 | -€423,341 | -90.9% |
| Current investments | 50/53 | €11,833 | €11,833 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €377,613 | €135,512 | -€242,100 | -64.1% |
| Deferred charges and accrued income | 490/1 | €15,379 | €7,586 | -€7,793 | -50.7% |
| Total equity and liabilities | 10/49 | €5,488,856 | €4,932,015 | -€556,841 | -10.1% |
| Equity | 10/15 | €1,525,701 | €1,527,568 | +€1,868 | +0.1% |
| Contributions | 10/11 | €293,592 | €293,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,230,249 | €1,232,117 | +€1,868 | +0.2% |
| Amounts payable | 17/49 | €3,963,155 | €3,404,447 | -€558,708 | -14.1% |
| Amounts payable after more than one year | 17 | €2,707,448 | €2,456,023 | -€251,426 | -9.3% |
| Financial debts | 170/4 | €2,707,448 | €2,456,023 | -€251,426 | -9.3% |
| Amounts payable within one year | 42/48 | €1,255,622 | €944,092 | -€311,530 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €245,076 | €251,426 | +€6,350 | +2.6% |
| Financial debts | 43 | €216,282 | €63,526 | -€152,756 | -70.6% |
| Credit institutions | 430/8 | €16,282 | €63,526 | +€47,244 | +290% |
| Other loans | 439 | €200,000 | €0 | -€200,000 | -100% |
| Trade debts | 44 | €232,639 | €130,551 | -€102,088 | -43.9% |
| Suppliers | 440/4 | €232,639 | €130,551 | -€102,088 | -43.9% |
| Advances received on contracts in progress | 46 | €316,920 | €308,023 | -€8,897 | -2.8% |
| Taxes, remuneration and social security | 45 | €126,537 | €50,566 | -€75,971 | -60.0% |
| Taxes | 450/3 | €84,371 | €22,533 | -€61,837 | -73.3% |
| Remuneration and social security | 454/9 | €42,167 | €28,033 | -€14,134 | -33.5% |
| Other amounts payable | 47/48 | €118,168 | €140,000 | +€21,832 | +18.5% |
| Accrued charges and deferred income | 492/3 | €85 | €4,332 | +€4,248 | +5,011% |
| Remuneration, social security and pensions | 62 | €234,673 | €204,260 | -€30,413 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,672 | €241,299 | -€37,373 | -13.4% |
| Other operating charges | 640/8 | €4,718 | €7,130 | +€2,412 | +51.1% |
| Gross operating margin | 9900 | €926,895 | €778,104 | -€148,791 | -16.1% |
| Operating profit (loss) | 9901 | €408,832 | €325,415 | -€83,417 | -20.4% |
| Financial income | 75/76B | €11 | €7 | -€4 | -33.2% |
| Recurring financial income | 75 | €11 | €7 | -€4 | -33.2% |
| Financial charges | 65/66B | €73,948 | €93,282 | +€19,334 | +26.1% |
| Recurring financial charges | 65 | €73,948 | €93,282 | +€19,334 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €334,894 | €232,140 | -€102,754 | -30.7% |
| Income taxes | 67/77 | €85,917 | €90,273 | +€4,356 | +5.1% |
| Profit (loss) for the period | 9904 | €248,978 | €141,868 | -€107,110 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €248,978 | €141,868 | -€107,110 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.