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
- Tangible fixed assets +€50,440
up €50,440 (+8.3%), from €608,000 to €658,441
of which Furniture and vehicles: +€64,255
- Cash +€26,681
up €26,681 (+199.6%), from €13,367 to €40,048
mainly Depreciation (+€161,334) and Net result for the year (+€109,145)
- Receivables within one year +€13,688
up €13,688 (+8.8%), from €156,405 to €170,093
of which Trade receivables: +€12,628
- Reserves +€49,000
up €49,000 (+22.6%), from €216,372 to €265,372
of which Distributable reserves: +€49,000
- Short-term financial debts +€40,000
new in 2025: €40,000
- Other debts -€25,086
down €25,086 (-59.1%), from €42,440 to €17,355
- Debts after one year +€16,822
up €16,822 (+12.7%), from €132,923 to €149,746
- Current portion of long-term debt -€15,171
down €15,171 (-14.4%), from €105,231 to €90,060
- Gross operating margin +€100,215
up €100,215 (+18.3%), from €548,031 to €648,246
- Depreciation +€33,233
up €33,233 (+25.9%), from €128,101 to €161,334
- Staff costs +€25,101
up €25,101 (+9.4%), from €268,011 to €293,112
- Taxes +€18,804
up €18,804 (+41.9%), from €44,911 to €63,715
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 | €781,091 | €874,438 | +€93,347 | +12.0% |
| Fixed assets | 21/28 | €609,033 | €659,238 | +€50,205 | +8.2% |
| Tangible fixed assets | 22/27 | €608,000 | €658,441 | +€50,440 | +8.3% |
| Land and buildings | 22 | €209,203 | €200,294 | -€8,910 | -4.3% |
| Plant, machinery and equipment | 23 | €19,996 | €15,091 | -€4,905 | -24.5% |
| Furniture and vehicles | 24 | €378,801 | €443,056 | +€64,255 | +17.0% |
| Financial fixed assets | 28 | €1,033 | €798 | -€235 | -22.8% |
| Current assets | 29/58 | €172,058 | €215,200 | +€43,142 | +25.1% |
| Amounts receivable within one year | 40/41 | €156,405 | €170,093 | +€13,688 | +8.8% |
| Trade receivables | 40 | €155,136 | €167,765 | +€12,628 | +8.1% |
| Other amounts receivable | 41 | €1,269 | €2,329 | +€1,060 | +83.5% |
| Cash at bank and in hand | 54/58 | €13,367 | €40,048 | +€26,681 | +199.6% |
| Deferred charges and accrued income | 490/1 | €2,286 | €5,058 | +€2,772 | +121.3% |
| Total equity and liabilities | 10/49 | €781,091 | €874,438 | +€93,347 | +12.0% |
| Equity | 10/15 | €355,269 | €413,414 | +€58,145 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €216,372 | €265,372 | +€49,000 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Tax-exempt reserves | 132 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €214,436 | €263,436 | +€49,000 | +22.9% |
| Profit (loss) carried forward | 14 | €132,698 | €141,842 | +€9,145 | +6.9% |
| Amounts payable | 17/49 | €425,821 | €461,024 | +€35,202 | +8.3% |
| Amounts payable after more than one year | 17 | €132,923 | €149,746 | +€16,822 | +12.7% |
| Financial debts | 170/4 | €132,923 | €149,746 | +€16,822 | +12.7% |
| Amounts payable within one year | 42/48 | €289,719 | €309,398 | +€19,679 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €105,231 | €90,060 | -€15,171 | -14.4% |
| Financial debts | 43 | - | €40,000 | +€40,000 | |
| Credit institutions | 430/8 | - | €40,000 | +€40,000 | |
| Trade debts | 44 | €51,853 | €58,503 | +€6,650 | +12.8% |
| Suppliers | 440/4 | €51,853 | €58,503 | +€6,650 | +12.8% |
| Taxes, remuneration and social security | 45 | €90,194 | €103,480 | +€13,286 | +14.7% |
| Taxes | 450/3 | €66,170 | €71,613 | +€5,444 | +8.2% |
| Remuneration and social security | 454/9 | €24,025 | €31,867 | +€7,842 | +32.6% |
| Other amounts payable | 47/48 | €42,440 | €17,355 | -€25,086 | -59.1% |
| Accrued charges and deferred income | 492/3 | €3,179 | €1,880 | -€1,299 | -40.9% |
| Non-recurring operating income | 76A | €1,455 | €1,000 | -€455 | -31.3% |
| Remuneration, social security and pensions | 62 | €268,011 | €293,112 | +€25,101 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,101 | €161,334 | +€33,233 | +25.9% |
| Other operating charges | 640/8 | €4,948 | €7,802 | +€2,854 | +57.7% |
| Gross operating margin | 9900 | €548,031 | €648,246 | +€100,215 | +18.3% |
| Operating profit (loss) | 9901 | €146,971 | €185,998 | +€39,027 | +26.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +985.7% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +985.7% |
| Financial charges | 65/66B | €16,248 | €13,139 | -€3,109 | -19.1% |
| Recurring financial charges | 65 | €16,248 | €13,139 | -€3,109 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €130,723 | €172,860 | +€42,137 | +32.2% |
| Income taxes | 67/77 | €44,911 | €63,715 | +€18,804 | +41.9% |
| Profit (loss) for the period | 9904 | €85,812 | €109,145 | +€23,332 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,812 | €109,145 | +€23,332 | +27.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.