CLAEYS & VANROBAYS: 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 & VANROBAYS
Largest movements
- Cash -€64,713
down €64,713 (-10.8%), from €598,345 to €533,632
mainly Debts after one year (-€140,000) and Receivables within one year (-€5,196)
- Tangible fixed assets -€14,525
down €14,525 (-11.9%), from €121,628 to €107,103
of which Land and buildings: -€14,555
- Debts after one year -€140,000
no longer reported in 2025 (was €140,000)
- Advances received +€37,614
up €37,614 (+44.5%), from €84,493 to €122,107
- Reserves +€22,436
up €22,436 (+4.4%), from €514,052 to €536,488
- Gross operating margin +€21,075
up €21,075 (+49.6%), from €42,506 to €63,581
- Taxes +€7,140
up €7,140 (+391%), from €1,824 to €8,964
- Financial charges -€5,482
down €5,482 (-93.5%), from €5,864 to €382
- Staff costs +€948
up €948 (+7.5%), from €12,593 to €13,541
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 | €752,387 | €678,688 | -€73,699 | -9.8% |
| Fixed assets | 21/28 | €124,372 | €109,384 | -€14,988 | -12.1% |
| Intangible fixed assets | 21 | €2,494 | €2,031 | -€463 | -18.6% |
| Tangible fixed assets | 22/27 | €121,628 | €107,103 | -€14,525 | -11.9% |
| Land and buildings | 22 | €121,628 | €107,073 | -€14,555 | -12.0% |
| Plant, machinery and equipment | 23 | - | €30 | +€30 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €628,015 | €569,304 | -€58,711 | -9.3% |
| Amounts receivable within one year | 40/41 | €20,971 | €26,167 | +€5,196 | +24.8% |
| Trade receivables | 40 | €7,456 | €19,238 | +€11,782 | +158% |
| Other amounts receivable | 41 | €13,515 | €6,929 | -€6,586 | -48.7% |
| Cash at bank and in hand | 54/58 | €598,345 | €533,632 | -€64,713 | -10.8% |
| Deferred charges and accrued income | 490/1 | €8,699 | €9,505 | +€806 | +9.3% |
| Total equity and liabilities | 10/49 | €752,387 | €678,688 | -€73,699 | -9.8% |
| Equity | 10/15 | €526,302 | €548,738 | +€22,436 | +4.3% |
| Contributions | 10/11 | €12,250 | €12,250 | = | 0.0% |
| Reserves | 13 | €514,052 | €536,488 | +€22,436 | +4.4% |
| Distributable reserves | 133 | €514,052 | €536,488 | +€22,436 | +4.4% |
| Amounts payable | 17/49 | €226,085 | €129,950 | -€96,135 | -42.5% |
| Amounts payable after more than one year | 17 | €140,000 | - | -€140,000 | |
| Financial debts | 170/4 | €140,000 | - | -€140,000 | |
| Amounts payable within one year | 42/48 | €86,085 | €129,950 | +€43,865 | +51.0% |
| Trade debts | 44 | €130 | €2,330 | +€2,200 | +1,692% |
| Suppliers | 440/4 | €130 | €2,330 | +€2,200 | +1,692% |
| Advances received on contracts in progress | 46 | €84,493 | €122,107 | +€37,614 | +44.5% |
| Taxes, remuneration and social security | 45 | €1,460 | €5,513 | +€4,053 | +278% |
| Taxes | 450/3 | €839 | €4,814 | +€3,975 | +474% |
| Remuneration and social security | 454/9 | €621 | €699 | +€78 | +12.6% |
| Other amounts payable | 47/48 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €12,593 | €13,541 | +€948 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,302 | €15,018 | -€284 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €420 | - | -€420 | |
| Other operating charges | 640/8 | €3,200 | €3,240 | +€40 | +1.3% |
| Gross operating margin | 9900 | €42,506 | €63,581 | +€21,075 | +49.6% |
| Operating profit (loss) | 9901 | €10,991 | €31,782 | +€20,791 | +189% |
| Financial charges | 65/66B | €5,864 | €382 | -€5,482 | -93.5% |
| Recurring financial charges | 65 | €5,864 | €382 | -€5,482 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €5,127 | €31,400 | +€26,273 | +512% |
| Income taxes | 67/77 | €1,824 | €8,964 | +€7,140 | +391% |
| Profit (loss) for the period | 9904 | €3,303 | €22,436 | +€19,133 | +579% |
| Profit (loss) for the period to be appropriated | 9905 | €3,303 | €22,436 | +€19,133 | +579% |
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 17 October 2026 via checked.be.