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
- Cash +€57,683
up €57,683 (+41.8%), from €137,855 to €195,538
mainly Receivables within one year (+€27,201) and Net result for the year (+€23,308)
- Receivables within one year -€27,201
down €27,201 (-13.2%), from €206,298 to €179,097
of which Trade receivables: -€47,944
- Stocks and contracts -€18,139
down €18,139 (-36.4%), from €49,858 to €31,719
- Tangible fixed assets -€10,632
down €10,632 (-21.4%), from €49,752 to €39,120
of which Land and buildings: -€7,873
- Reserves +€23,308
up €23,308 (+11.4%), from €205,000 to €228,308
- Tax, wage and social debts -€17,915
down €17,915 (-51.9%), from €34,523 to €16,608
of which Remuneration and social security: -€9,524
- Trade debts +€5,423
up €5,423 (+5.3%), from €103,200 to €108,623
- Other debts -€5,135
no longer reported in 2025 (was €5,135)
- Debts after one year -€4,663
down €4,663 (-6.4%), from €72,540 to €67,877
- Staff costs -€14,143
down €14,143 (-10.3%), from €136,957 to €122,814
- Gross operating margin +€9,683
up €9,683 (+5.6%), from €172,956 to €182,639
- Taxes +€6,586
up €6,586 (+156%), from €4,227 to €10,813
- Depreciation -€6,343
down €6,343 (-26.4%), from €23,988 to €17,645
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 | €447,681 | €448,792 | +€1,111 | +0.2% |
| Fixed assets | 21/28 | €50,407 | €39,775 | -€10,632 | -21.1% |
| Tangible fixed assets | 22/27 | €49,752 | €39,120 | -€10,632 | -21.4% |
| Land and buildings | 22 | €31,516 | €23,643 | -€7,873 | -25.0% |
| Plant, machinery and equipment | 23 | €13,482 | €9,098 | -€4,384 | -32.5% |
| Furniture and vehicles | 24 | €3,455 | €5,589 | +€2,134 | +61.8% |
| Other tangible fixed assets | 26 | €1,300 | €790 | -€510 | -39.2% |
| Financial fixed assets | 28 | €655 | €655 | -€0 | 0.0% |
| Current assets | 29/58 | €397,274 | €409,017 | +€11,743 | +3.0% |
| Stocks and contracts in progress | 3 | €49,858 | €31,719 | -€18,139 | -36.4% |
| Stocks | 30/36 | €49,858 | €31,719 | -€18,139 | -36.4% |
| Amounts receivable within one year | 40/41 | €206,298 | €179,097 | -€27,201 | -13.2% |
| Trade receivables | 40 | €185,448 | €137,504 | -€47,944 | -25.9% |
| Other amounts receivable | 41 | €20,850 | €41,593 | +€20,743 | +99.5% |
| Cash at bank and in hand | 54/58 | €137,855 | €195,538 | +€57,683 | +41.8% |
| Deferred charges and accrued income | 490/1 | €3,263 | €2,663 | -€600 | -18.4% |
| Total equity and liabilities | 10/49 | €447,681 | €448,792 | +€1,111 | +0.2% |
| Equity | 10/15 | €227,714 | €251,022 | +€23,308 | +10.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €205,000 | €228,308 | +€23,308 | +11.4% |
| Distributable reserves | 133 | €205,000 | €228,308 | +€23,308 | +11.4% |
| Profit (loss) carried forward | 14 | €2,714 | €2,714 | +€0 | 0.0% |
| Amounts payable | 17/49 | €219,968 | €197,770 | -€22,198 | -10.1% |
| Amounts payable after more than one year | 17 | €72,540 | €67,877 | -€4,663 | -6.4% |
| Financial debts | 170/4 | €72,540 | €67,877 | -€4,663 | -6.4% |
| Amounts payable within one year | 42/48 | €147,428 | €129,893 | -€17,535 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €4,570 | €4,662 | +€92 | +2.0% |
| Trade debts | 44 | €103,200 | €108,623 | +€5,423 | +5.3% |
| Suppliers | 440/4 | €103,200 | €108,623 | +€5,423 | +5.3% |
| Taxes, remuneration and social security | 45 | €34,523 | €16,608 | -€17,915 | -51.9% |
| Taxes | 450/3 | €8,391 | - | -€8,391 | |
| Remuneration and social security | 454/9 | €26,132 | €16,608 | -€9,524 | -36.4% |
| Other amounts payable | 47/48 | €5,135 | - | -€5,135 | |
| Non-recurring operating income | 76A | - | €5,882 | +€5,882 | |
| Remuneration, social security and pensions | 62 | €136,957 | €122,814 | -€14,143 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,988 | €17,645 | -€6,343 | -26.4% |
| Other operating charges | 640/8 | €3,216 | €3,192 | -€24 | -0.8% |
| Gross operating margin | 9900 | €172,956 | €182,639 | +€9,683 | +5.6% |
| Operating profit (loss) | 9901 | €8,795 | €38,988 | +€30,193 | +343% |
| Financial income | 75/76B | €2 | €656 | +€654 | +38,717% |
| Recurring financial income | 75 | €2 | €656 | +€654 | +38,717% |
| Financial charges | 65/66B | €4,068 | €5,523 | +€1,455 | +35.8% |
| Recurring financial charges | 65 | €4,068 | €5,523 | +€1,455 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €4,728 | €34,121 | +€29,393 | +622% |
| Income taxes | 67/77 | €4,227 | €10,813 | +€6,586 | +156% |
| Profit (loss) for the period | 9904 | €501 | €23,308 | +€22,807 | +4,554% |
| Profit (loss) for the period to be appropriated | 9905 | €501 | €23,308 | +€22,807 | +4,554% |
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 20 October 2026 via checked.be.