CLAIRE: 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.
CLAIRE
Largest movements
- Tangible fixed assets +€24,332
up €24,332 (+40.8%), from €59,643 to €83,975
of which Plant, machinery and equipment: +€30,674
- Receivables within one year +€12,307
up €12,307 (+82.6%), from €14,896 to €27,203
of which Other amounts receivable: +€13,511
- Cash +€6,804
up €6,804 (+27.1%), from €25,118 to €31,922
mainly Net result for the year (+€66,940) and Other debts (+€59,355)
- Stocks and contracts -€3,828
down €3,828 (-42.2%), from €9,073 to €5,245
- Deferred charges and accrued income +€2,073
up €2,073 (+37.0%), from €5,599 to €7,672
- Other debts +€59,355
up €59,355 (+494.6%), from €12,000 to €71,355
- Current portion of long-term debt -€6,633
down €6,633 (-51.3%), from €12,928 to €6,295
- Trade debts -€5,876
down €5,876 (-41.8%), from €14,069 to €8,193
- Reserves -€4,416
down €4,416 (-5.4%), from €82,214 to €77,798
- Gross operating margin +€54,246
up €54,246 (+95.6%), from €56,728 to €110,974
- Taxes +€10,864
up €10,864 (+140.3%), from €7,746 to €18,610
- Depreciation +€2,355
up €2,355 (+10.8%), from €21,860 to €24,215
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.
Cash bridge derived
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 | €129,330 | €171,016 | +€41,686 | +32.2% |
| Fixed assets | 21/28 | €59,643 | €83,975 | +€24,332 | +40.8% |
| Tangible fixed assets | 22/27 | €59,643 | €83,975 | +€24,332 | +40.8% |
| Plant, machinery and equipment | 23 | €34,806 | €65,480 | +€30,674 | +88.1% |
| Furniture and vehicles | 24 | €24,837 | €18,495 | -€6,342 | -25.5% |
| Current assets | 29/58 | €69,687 | €87,042 | +€17,355 | +24.9% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,073 | €5,245 | -€3,828 | -42.2% |
| Stocks | 30/36 | €9,073 | €5,245 | -€3,828 | -42.2% |
| Amounts receivable within one year | 40/41 | €14,896 | €27,203 | +€12,307 | +82.6% |
| Trade receivables | 40 | €1,205 | €0 | -€1,205 | -100.0% |
| Other amounts receivable | 41 | €13,692 | €27,203 | +€13,511 | +98.7% |
| Cash at bank and in hand | 54/58 | €25,118 | €31,922 | +€6,804 | +27.1% |
| Deferred charges and accrued income | 490/1 | €5,599 | €7,672 | +€2,073 | +37.0% |
| Total equity and liabilities | 10/49 | €129,330 | €171,016 | +€41,686 | +32.2% |
| Equity | 10/15 | €82,314 | €77,898 | -€4,416 | -5.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €82,214 | €77,798 | -€4,416 | -5.4% |
| Distributable reserves | 133 | €82,214 | €77,798 | -€4,416 | -5.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,016 | €93,118 | +€46,102 | +98.1% |
| Amounts payable after more than one year | 17 | €2,752 | €3,182 | +€430 | +15.6% |
| Financial debts | 170/4 | €2,752 | €3,182 | +€430 | +15.6% |
| Amounts payable within one year | 42/48 | €44,264 | €89,936 | +€45,672 | +103.2% |
| Current portion of amounts payable after more than one year | 42 | €12,928 | €6,295 | -€6,633 | -51.3% |
| Trade debts | 44 | €14,069 | €8,193 | -€5,876 | -41.8% |
| Suppliers | 440/4 | €14,069 | €8,193 | -€5,876 | -41.8% |
| Taxes, remuneration and social security | 45 | €5,266 | €4,093 | -€1,173 | -22.3% |
| Taxes | 450/3 | €5,266 | €4,093 | -€1,173 | -22.3% |
| Other amounts payable | 47/48 | €12,000 | €71,355 | +€59,355 | +494.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,860 | €24,215 | +€2,355 | +10.8% |
| Other operating charges | 640/8 | €2,004 | €2,299 | +€295 | +14.7% |
| Gross operating margin | 9900 | €56,728 | €110,974 | +€54,246 | +95.6% |
| Operating profit (loss) | 9901 | €32,864 | €84,459 | +€51,595 | +157.0% |
| Financial income | 75/76B | €1,005 | €1,492 | +€487 | +48.5% |
| Recurring financial income | 75 | €1,005 | €1,492 | +€487 | +48.5% |
| Financial charges | 65/66B | €790 | €402 | -€388 | -49.2% |
| Recurring financial charges | 65 | €790 | €402 | -€388 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €33,079 | €85,550 | +€52,470 | +158.6% |
| Income taxes | 67/77 | €7,746 | €18,610 | +€10,864 | +140.3% |
| Profit (loss) for the period | 9904 | €25,333 | €66,940 | +€41,606 | +164.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,333 | €66,940 | +€41,606 | +164.2% |
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 11 October 2026 via checked.be.