CLAEYS WERVIK: 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 WERVIK
Largest movements
- Cash +€343,086
up €343,086 (+154%), from €223,199 to €566,285
mainly Net result for the year (+€231,151) and Other debts (+€157,873)
- Receivables within one year -€100,315
down €100,315 (-62.3%), from €160,986 to €60,671
of which Trade receivables: -€99,609
- Tangible fixed assets +€76,602
up €76,602 (+20.6%), from €371,406 to €448,008
of which Plant, machinery and equipment: +€56,310
- Stocks and contracts +€48,584
up €48,584 (+5.8%), from €835,290 to €883,873
- Other debts +€157,873
up €157,873 (+33.7%), from €467,796 to €625,668
- Reserves +€130,468
up €130,468 (+18.0%), from €723,069 to €853,537
of which Distributable reserves: +€131,271
- Tax, wage and social debts +€73,795
up €73,795 (+351%), from €21,005 to €94,800
of which Taxes: +€68,236
- Trade debts +€50,837
up €50,837 (+45.6%), from €111,449 to €162,286
- Debts after one year -€29,781
down €29,781 (-15.8%), from €188,650 to €158,869
- Gross operating margin +€87,316
up €87,316 (+18.6%), from €468,557 to €555,873
- Staff costs +€36,718
up €36,718 (+36.4%), from €100,760 to €137,479
- Taxes +€9,733
up €9,733 (+12.0%), from €81,384 to €91,118
- Depreciation +€7,178
up €7,178 (+20.8%), from €34,494 to €41,672
- Financial charges +€5,950
up €5,950 (+14.7%), from €40,499 to €46,449
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 | €1,611,972 | €1,979,569 | +€367,597 | +22.8% |
| Fixed assets | 21/28 | €371,406 | €448,008 | +€76,602 | +20.6% |
| Tangible fixed assets | 22/27 | €371,406 | €448,008 | +€76,602 | +20.6% |
| Land and buildings | 22 | €312,976 | €296,705 | -€16,272 | -5.2% |
| Plant, machinery and equipment | 23 | €30,673 | €86,984 | +€56,310 | +184% |
| Furniture and vehicles | 24 | €27,756 | €64,320 | +€36,563 | +132% |
| Current assets | 29/58 | €1,240,566 | €1,531,561 | +€290,995 | +23.5% |
| Stocks and contracts in progress | 3 | €835,290 | €883,873 | +€48,584 | +5.8% |
| Stocks | 30/36 | €835,290 | €883,873 | +€48,584 | +5.8% |
| Amounts receivable within one year | 40/41 | €160,986 | €60,671 | -€100,315 | -62.3% |
| Trade receivables | 40 | €155,982 | €56,373 | -€99,609 | -63.9% |
| Other amounts receivable | 41 | €5,004 | €4,298 | -€706 | -14.1% |
| Cash at bank and in hand | 54/58 | €223,199 | €566,285 | +€343,086 | +154% |
| Deferred charges and accrued income | 490/1 | €21,091 | €20,732 | -€359 | -1.7% |
| Total equity and liabilities | 10/49 | €1,611,972 | €1,979,569 | +€367,597 | +22.8% |
| Equity | 10/15 | €733,069 | €863,537 | +€130,468 | +17.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €723,069 | €853,537 | +€130,468 | +18.0% |
| Tax-exempt reserves | 132 | €2,116 | €1,314 | -€802 | -37.9% |
| Distributable reserves | 133 | €720,953 | €852,223 | +€131,271 | +18.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €529 | €328 | -€201 | -37.9% |
| Deferred taxes | 168 | €529 | €328 | -€201 | -37.9% |
| Amounts payable | 17/49 | €878,374 | €1,115,703 | +€237,329 | +27.0% |
| Amounts payable after more than one year | 17 | €188,650 | €158,869 | -€29,781 | -15.8% |
| Financial debts | 170/4 | €188,650 | €158,869 | -€29,781 | -15.8% |
| Amounts payable within one year | 42/48 | €654,224 | €912,536 | +€258,312 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €29,475 | €29,781 | +€306 | +1.0% |
| Trade debts | 44 | €111,449 | €162,286 | +€50,837 | +45.6% |
| Suppliers | 440/4 | €111,449 | €162,286 | +€50,837 | +45.6% |
| Advances received on contracts in progress | 46 | €24,499 | €0 | -€24,499 | -100% |
| Taxes, remuneration and social security | 45 | €21,005 | €94,800 | +€73,795 | +351% |
| Taxes | 450/3 | €3,432 | €71,668 | +€68,236 | +1,988% |
| Remuneration and social security | 454/9 | €17,572 | €23,132 | +€5,560 | +31.6% |
| Other amounts payable | 47/48 | €467,796 | €625,668 | +€157,873 | +33.7% |
| Accrued charges and deferred income | 492/3 | €35,500 | €44,298 | +€8,798 | +24.8% |
| Non-recurring operating income | 76A | - | €758 | +€758 | |
| Remuneration, social security and pensions | 62 | €100,760 | €137,479 | +€36,718 | +36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,494 | €41,672 | +€7,178 | +20.8% |
| Other operating charges | 640/8 | €11,038 | €8,205 | -€2,833 | -25.7% |
| Gross operating margin | 9900 | €468,557 | €555,873 | +€87,316 | +18.6% |
| Operating profit (loss) | 9901 | €322,265 | €368,517 | +€46,252 | +14.4% |
| Financial charges | 65/66B | €40,499 | €46,449 | +€5,950 | +14.7% |
| Recurring financial charges | 65 | €40,499 | €46,449 | +€5,950 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €281,765 | €322,068 | +€40,302 | +14.3% |
| Transfer from deferred taxes | 780 | €201 | €201 | = | 0.0% |
| Income taxes | 67/77 | €81,384 | €91,118 | +€9,733 | +12.0% |
| Profit (loss) for the period | 9904 | €200,582 | €231,151 | +€30,569 | +15.2% |
| Transfer from tax-exempt reserves | 789 | €802 | €802 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €201,384 | €231,953 | +€30,569 | +15.2% |
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 27 October 2026 via checked.be.