CLAIR: what changed
CLAIR
Largest movements
- Cash -€60,507
down €60,507 (-50.3%), from €120,317 to €59,810
mainly Tax, wage and social debts (-€33,908) and Receivables within one year (-€16,528)
- Receivables within one year +€16,528
up €16,528 (+31.7%), from €52,059 to €68,587
of which Other amounts receivable: +€20,542
- Tangible fixed assets -€3,017
down €3,017 (-12.4%), from €24,351 to €21,334
of which Furniture and vehicles: -€2,155
- Tax, wage and social debts -€33,908
down €33,908 (-92.3%), from €36,737 to €2,828
- Profit (loss) carried forward -€15,196
new in 2025: -€15,196
- Trade debts +€13,624
up €13,624 (+234%), from €5,814 to €19,439
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€70,825
down €70,825 (-78.2%), from €90,568 to €19,743
- Taxes +€8,781
up €8,781 (+54.9%), from €15,992 to €24,773
- Depreciation +€1,558
up €1,558 (+15.7%), from €9,949 to €11,506
- Financial income +€993
up €993 (+163%), from €608 to €1,601
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,295 | €151,816 | -€45,480 | -23.1% |
| Fixed assets | 21/28 | €24,351 | €21,334 | -€3,017 | -12.4% |
| Tangible fixed assets | 22/27 | €24,351 | €21,334 | -€3,017 | -12.4% |
| Furniture and vehicles | 24 | €23,369 | €21,214 | -€2,155 | -9.2% |
| Other tangible fixed assets | 26 | €982 | €120 | -€862 | -87.8% |
| Current assets | 29/58 | €172,945 | €130,482 | -€42,463 | -24.6% |
| Amounts receivable within one year | 40/41 | €52,059 | €68,587 | +€16,528 | +31.7% |
| Trade receivables | 40 | €34,729 | €30,714 | -€4,014 | -11.6% |
| Other amounts receivable | 41 | €17,331 | €37,873 | +€20,542 | +119% |
| Cash at bank and in hand | 54/58 | €120,317 | €59,810 | -€60,507 | -50.3% |
| Deferred charges and accrued income | 490/1 | €569 | €2,085 | +€1,516 | +267% |
| Total equity and liabilities | 10/49 | €197,295 | €151,816 | -€45,480 | -23.1% |
| Equity | 10/15 | €144,744 | €129,549 | -€15,196 | -10.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €124,284 | €124,284 | = | 0.0% |
| Distributable reserves | 133 | €124,284 | €124,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€15,196 | -€15,196 | |
| Amounts payable | 17/49 | €52,551 | €22,267 | -€30,284 | -57.6% |
| Amounts payable within one year | 42/48 | €52,551 | €22,267 | -€30,284 | -57.6% |
| Trade debts | 44 | €5,814 | €19,439 | +€13,624 | +234% |
| Suppliers | 440/4 | €5,814 | €19,439 | +€13,624 | +234% |
| Taxes, remuneration and social security | 45 | €36,737 | €2,828 | -€33,908 | -92.3% |
| Taxes | 450/3 | €36,737 | €2,828 | -€33,908 | -92.3% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,949 | €11,506 | +€1,558 | +15.7% |
| Non-recurring operating charges | 66A | €1,067 | - | -€1,067 | |
| Gross operating margin | 9900 | €90,568 | €19,743 | -€70,825 | -78.2% |
| Operating profit (loss) | 9901 | €79,552 | €8,236 | -€71,316 | -89.6% |
| Financial income | 75/76B | €608 | €1,601 | +€993 | +163% |
| Recurring financial income | 75 | €608 | €1,601 | +€993 | +163% |
| Financial charges | 65/66B | €304 | €260 | -€44 | -14.5% |
| Recurring financial charges | 65 | €304 | €260 | -€44 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €79,856 | €9,577 | -€70,279 | -88.0% |
| Income taxes | 67/77 | €15,992 | €24,773 | +€8,781 | +54.9% |
| Profit (loss) for the period | 9904 | €63,864 | -€15,196 | -€79,060 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,864 | -€15,196 | -€79,060 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.