CLAEYS PROJECTING: 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 PROJECTING
Largest movements
- Current investments -€167,770
down €167,770 (-61.5%), from €272,770 to €105,000
- Cash +€163,248
up €163,248 (+75.4%), from €216,601 to €379,849
mainly Current investments (+€167,770) and Net result for the year (+€49,401)
- Tangible fixed assets -€31,334
down €31,334 (-10.3%), from €304,846 to €273,512
of which Furniture and vehicles: -€27,320
- Receivables within one year +€10,839
up €10,839 (+9.7%), from €112,055 to €122,894
of which Trade receivables: +€12,484
- Debts after one year -€20,794
down €20,794 (-9.6%), from €216,405 to €195,611
- Gross operating margin -€32,761
down €32,761 (-24.4%), from €134,126 to €101,365
- Taxes -€9,496
down €9,496 (-34.1%), from €27,853 to €18,357
- Depreciation +€2,284
up €2,284 (+6.3%), from €36,255 to €38,539
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 | €961,343 | €933,307 | -€28,036 | -2.9% |
| Fixed assets | 21/28 | €304,936 | €273,602 | -€31,334 | -10.3% |
| Tangible fixed assets | 22/27 | €304,846 | €273,512 | -€31,334 | -10.3% |
| Land and buildings | 22 | €222,662 | €218,018 | -€4,644 | -2.1% |
| Plant, machinery and equipment | 23 | €4,355 | €4,986 | +€631 | +14.5% |
| Furniture and vehicles | 24 | €77,829 | €50,509 | -€27,320 | -35.1% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €656,407 | €659,705 | +€3,298 | +0.5% |
| Stocks and contracts in progress | 3 | €51,972 | €49,059 | -€2,914 | -5.6% |
| Stocks | 30/36 | €51,972 | €49,059 | -€2,914 | -5.6% |
| Amounts receivable within one year | 40/41 | €112,055 | €122,894 | +€10,839 | +9.7% |
| Trade receivables | 40 | €104,706 | €117,191 | +€12,484 | +11.9% |
| Other amounts receivable | 41 | €7,349 | €5,704 | -€1,645 | -22.4% |
| Current investments | 50/53 | €272,770 | €105,000 | -€167,770 | -61.5% |
| Cash at bank and in hand | 54/58 | €216,601 | €379,849 | +€163,248 | +75.4% |
| Deferred charges and accrued income | 490/1 | €3,008 | €2,903 | -€106 | -3.5% |
| Total equity and liabilities | 10/49 | €961,343 | €933,307 | -€28,036 | -2.9% |
| Equity | 10/15 | €626,672 | €620,612 | -€6,060 | -1.0% |
| Reserves | 13 | €626,672 | €620,612 | -€6,060 | -1.0% |
| Distributable reserves | 133 | €626,672 | €620,612 | -€6,060 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €334,671 | €312,695 | -€21,976 | -6.6% |
| Amounts payable after more than one year | 17 | €216,405 | €195,611 | -€20,794 | -9.6% |
| Financial debts | 170/4 | €216,405 | €195,611 | -€20,794 | -9.6% |
| Amounts payable within one year | 42/48 | €117,891 | €116,726 | -€1,165 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €24,318 | €21,574 | -€2,744 | -11.3% |
| Trade debts | 44 | €10,524 | €7,901 | -€2,623 | -24.9% |
| Suppliers | 440/4 | €10,524 | €7,901 | -€2,623 | -24.9% |
| Taxes, remuneration and social security | 45 | €428 | €0 | -€428 | -100% |
| Taxes | 450/3 | €428 | €0 | -€428 | -100% |
| Other amounts payable | 47/48 | €82,621 | €87,251 | +€4,630 | +5.6% |
| Accrued charges and deferred income | 492/3 | €374 | €357 | -€17 | -4.6% |
| Non-recurring operating income | 76A | - | €5,372 | +€5,372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,255 | €38,539 | +€2,284 | +6.3% |
| Other operating charges | 640/8 | €1,460 | €2,016 | +€557 | +38.1% |
| Gross operating margin | 9900 | €134,126 | €101,365 | -€32,761 | -24.4% |
| Operating profit (loss) | 9901 | €96,412 | €60,810 | -€35,602 | -36.9% |
| Financial income | 75/76B | €10,683 | €10,530 | -€153 | -1.4% |
| Recurring financial income | 75 | €10,683 | €10,530 | -€153 | -1.4% |
| Financial charges | 65/66B | €2,992 | €3,582 | +€591 | +19.7% |
| Recurring financial charges | 65 | €2,992 | €3,582 | +€591 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €104,103 | €67,758 | -€36,346 | -34.9% |
| Income taxes | 67/77 | €27,853 | €18,357 | -€9,496 | -34.1% |
| Profit (loss) for the period | 9904 | €76,251 | €49,401 | -€26,850 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,251 | €49,401 | -€26,850 | -35.2% |
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 18 October 2026 via checked.be.