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.
What changed
CLAEYS
NACE 43.320, Joinery installation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€210,656
2024 · €202,084+€8,572
Equity
€2.0m
2024 · €1.9m+€138,212
Cash
€697,471
2024 · €672,425+€25,046
Balance sheet total
€4.1m
2024 · €3.7m+€462,374
Largest movements
Assets
- Receivables within one year +€284,016
up €284,016 (+117.2%), from €242,367 to €526,383
of which Trade receivables: +€202,636
- Tangible fixed assets +€172,713
up €172,713 (+9.5%), from €1.8m to €2.0m
of which Furniture and vehicles: +€269,709
Equity and liabilities
- Trade debts +€196,471
up €196,471 (+33.1%), from €593,758 to €790,230
- Reserves +€138,212
up €138,212 (+7.5%), from €1.8m to €2.0m
of which Distributable reserves: +€138,212
- Short-term financial debts +€100,000
new in 2025: €100,000
- Debts after one year -€58,072
down €58,072 (-6.0%), from €962,522 to €904,450
Income statement
- Gross operating margin +€60,358
up €60,358 (+4.9%), from €1.2m to €1.3m
- Depreciation -€23,265
down €23,265 (-10.7%), from €216,528 to €193,262
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.
Result 2024
€202,084
Gross operating margin
+€60,358
Staff costs
+€9,056
Depreciation
+€23,265
Other operating charges
+€1,536
Other operating items
-€64,858
Financial income
+€609
Financial charges
-€10,034
Taxes
-€11,360
Result 2025
€210,656
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.
From operations
+€400,712
Investment
-€361,084
Financing
-€14,581
Cash 2024
€672,425
From operations (derived)
+€400,712
Net result for the year
+€210,656
Depreciation
+€193,262
Stocks and contracts
+€19,464
Receivables within one year
-€284,016
Deferred charges and accrued income
-€4,954
Trade debts
+€196,471
Tax, wage and social debts
+€38,238
Other debts
+€31,589
Investment (derived)
-€361,084
Investment in fixed assets (net)
-€361,084
Financing
-€14,581
Debts after one year
-€58,072
Current portion of long-term debt
+€15,935
Short-term financial debts
+€100,000
Contributions, distributions and other
-€72,444
Cash 2025
€697,471
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,685,438 | €4,147,812 | +€462,374 | +12.5% |
| Fixed assets | 21/28 | €1,832,321 | €2,000,143 | +€167,822 | +9.2% |
| Intangible fixed assets | 21 | €292 | - | -€292 | |
| Tangible fixed assets | 22/27 | €1,825,429 | €1,998,143 | +€172,713 | +9.5% |
| Land and buildings | 22 | €1,292,186 | €1,248,385 | -€43,801 | -3.4% |
| Plant, machinery and equipment | 23 | €162,241 | €109,047 | -€53,194 | -32.8% |
| Furniture and vehicles | 24 | €371,002 | €640,711 | +€269,709 | +72.7% |
| Financial fixed assets | 28 | €6,600 | €2,000 | -€4,600 | -69.7% |
| Current assets | 29/58 | €1,853,117 | €2,147,669 | +€294,552 | +15.9% |
| Stocks and contracts in progress | 3 | €906,483 | €887,018 | -€19,464 | -2.1% |
| Stocks | 30/36 | €906,483 | €887,018 | -€19,464 | -2.1% |
| Amounts receivable within one year | 40/41 | €242,367 | €526,383 | +€284,016 | +117.2% |
| Trade receivables | 40 | €223,747 | €426,383 | +€202,636 | +90.6% |
| Other amounts receivable | 41 | €18,620 | €100,000 | +€81,380 | +437.0% |
| Cash at bank and in hand | 54/58 | €672,425 | €697,471 | +€25,046 | +3.7% |
| Deferred charges and accrued income | 490/1 | €31,843 | €36,797 | +€4,954 | +15.6% |
| Total equity and liabilities | 10/49 | €3,685,438 | €4,147,812 | +€462,374 | +12.5% |
| Equity | 10/15 | €1,866,567 | €2,004,779 | +€138,212 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,847,967 | €1,986,179 | +€138,212 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,846,107 | €1,984,319 | +€138,212 | +7.5% |
| Amounts payable | 17/49 | €1,818,870 | €2,143,032 | +€324,162 | +17.8% |
| Amounts payable after more than one year | 17 | €962,522 | €904,450 | -€58,072 | -6.0% |
| Financial debts | 170/4 | €962,522 | €904,450 | -€58,072 | -6.0% |
| Amounts payable within one year | 42/48 | €856,348 | €1,238,582 | +€382,234 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €171,862 | €187,797 | +€15,935 | +9.3% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €593,758 | €790,230 | +€196,471 | +33.1% |
| Suppliers | 440/4 | €593,758 | €790,230 | +€196,471 | +33.1% |
| Taxes, remuneration and social security | 45 | €82,199 | €120,437 | +€38,238 | +46.5% |
| Taxes | 450/3 | €18,715 | €54,108 | +€35,392 | +189.1% |
| Remuneration and social security | 454/9 | €63,483 | €66,329 | +€2,846 | +4.5% |
| Other amounts payable | 47/48 | €8,529 | €40,119 | +€31,589 | +370.4% |
| Non-recurring operating income | 76A | €28,695 | €19,000 | -€9,695 | -33.8% |
| Remuneration, social security and pensions | 62 | €670,421 | €661,365 | -€9,056 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216,528 | €193,262 | -€23,265 | -10.7% |
| Other operating charges | 640/8 | €21,598 | €20,062 | -€1,536 | -7.1% |
| Non-recurring operating charges | 66A | - | €64,858 | +€64,858 | |
| Gross operating margin | 9900 | €1,227,027 | €1,287,385 | +€60,358 | +4.9% |
| Operating profit (loss) | 9901 | €318,480 | €347,838 | +€29,357 | +9.2% |
| Financial income | 75/76B | €545 | €1,155 | +€609 | +111.7% |
| Recurring financial income | 75 | €545 | €1,155 | +€609 | +111.7% |
| Financial charges | 65/66B | €18,002 | €28,036 | +€10,034 | +55.7% |
| Recurring financial charges | 65 | €18,002 | €28,036 | +€10,034 | +55.7% |
| Profit (loss) for the period before taxes | 9903 | €301,023 | €320,956 | +€19,933 | +6.6% |
| Income taxes | 67/77 | €98,939 | €110,300 | +€11,360 | +11.5% |
| Profit (loss) for the period | 9904 | €202,084 | €210,656 | +€8,572 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €202,084 | €210,656 | +€8,572 | +4.2% |
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 10 October 2026 via checked.be.