CLAFER: 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.
CLAFER
Largest movements
- Cash -€4,657
down €4,657 (-87.7%), from €5,308 to €651
mainly Net result for the year (-€3,991) and Debts after one year (-€3,298)
- Profit (loss) carried forward -€3,991
down €3,991 (-6.7%), from €59,130 to €55,139
- Debts after one year -€3,298
down €3,298 (-5.3%), from €61,789 to €58,491
- Gross operating margin -€4,732
down €4,732 (-48.3%), from €9,795 to €5,064
- Other operating charges +€4,639
up €4,639 (+764%), from €607 to €5,247
- Taxes -€1,523
no longer reported in 2025 (was €1,523)
- Financial charges +€160
up €160 (+8.5%), from €1,878 to €2,037
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 | €272,465 | €265,194 | -€7,271 | -2.7% |
| Fixed assets | 21/28 | €258,950 | €256,778 | -€2,172 | -0.8% |
| Tangible fixed assets | 22/27 | €35,229 | €33,057 | -€2,172 | -6.2% |
| Land and buildings | 22 | €34,676 | €33,057 | -€1,619 | -4.7% |
| Plant, machinery and equipment | 23 | €553 | €0 | -€553 | -100% |
| Financial fixed assets | 28 | €223,721 | €223,721 | = | 0.0% |
| Current assets | 29/58 | €13,515 | €8,416 | -€5,099 | -37.7% |
| Amounts receivable within one year | 40/41 | €7,211 | €7,211 | = | 0.0% |
| Other amounts receivable | 41 | €7,211 | €7,211 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,308 | €651 | -€4,657 | -87.7% |
| Deferred charges and accrued income | 490/1 | €996 | €554 | -€442 | -44.4% |
| Total equity and liabilities | 10/49 | €272,465 | €265,194 | -€7,271 | -2.7% |
| Equity | 10/15 | €209,105 | €205,115 | -€3,991 | -1.9% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €13,634 | €13,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,634 | €13,634 | = | 0.0% |
| Legal reserve | 130 | €13,634 | €13,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,130 | €55,139 | -€3,991 | -6.7% |
| Amounts payable | 17/49 | €63,360 | €60,080 | -€3,281 | -5.2% |
| Amounts payable after more than one year | 17 | €61,789 | €58,491 | -€3,298 | -5.3% |
| Other amounts payable | 178/9 | €61,789 | €58,491 | -€3,298 | -5.3% |
| Amounts payable within one year | 42/48 | €1,571 | €1,589 | +€17 | +1.1% |
| Trade debts | 44 | €48 | €0 | -€48 | -100% |
| Suppliers | 440/4 | €48 | €0 | -€48 | -100% |
| Taxes, remuneration and social security | 45 | €1,523 | €1,523 | = | 0.0% |
| Taxes | 450/3 | €1,523 | €1,523 | = | 0.0% |
| Other amounts payable | 47/48 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,172 | €2,172 | -€0 | 0.0% |
| Other operating charges | 640/8 | €607 | €5,247 | +€4,639 | +764% |
| Gross operating margin | 9900 | €9,795 | €5,064 | -€4,732 | -48.3% |
| Operating profit (loss) | 9901 | €7,016 | -€2,355 | -€9,371 | |
| Financial income | 75/76B | €451 | €402 | -€49 | -10.9% |
| Recurring financial income | 75 | €451 | €402 | -€49 | -10.9% |
| Financial charges | 65/66B | €1,878 | €2,037 | +€160 | +8.5% |
| Recurring financial charges | 65 | €1,878 | €2,037 | +€160 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €5,589 | -€3,991 | -€9,579 | |
| Income taxes | 67/77 | €1,523 | - | -€1,523 | |
| Profit (loss) for the period | 9904 | €4,066 | -€3,991 | -€8,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,066 | -€3,991 | -€8,056 |
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 15 October 2026 via checked.be.