CLANNATHONE STERN: 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.
What changed
CLANNATHONE STERN
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €110,653+€1.2m
Equity
€28.0m
2024 · €26.7m+€1.3m
Cash
€1.9m
2024 · €3,816+€1.9m
Balance sheet total
€39.4m
2024 · €42.0m-€2.6m
Largest movements
Assets
- Financial fixed assets -€5.1m
down €5.1m (-16.9%), from €30.3m to €25.1m
- Cash +€1.9m
up €1.9m (+50,723%), from €3,816 to €1.9m
mainly Investment in fixed assets (net) (+€5.2m) and Other debts (+€1.8m)
Equity and liabilities
- Debts after one year -€3.7m
down €3.7m (-40.3%), from €9.1m to €5.4m
of which Other amounts payable: -€5.5m
- Short-term financial debts -€2.8m
no longer reported in 2025 (was €2.8m)
- Other debts +€1.8m
up €1.8m (+64.0%), from €2.9m to €4.7m
- Profit (loss) carried forward +€1.3m
up €1.3m (+135%), from €936,990 to €2.2m
Income statement
- Gross operating margin +€2.0m
up €2.0m (+320%), from €611,817 to €2.6m
- Taxes +€301,252
up €301,252 (+11,995%), from €2,511 to €303,763
- Financial income +€184,989
up €184,989 (+203%), from €91,192 to €276,181
- Other operating charges -€176,160
down €176,160 (-65.4%), from €269,503 to €93,344
- Financial charges +€98,963
up €98,963 (+50.8%), from €194,860 to €293,824
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.
Result 2024
€110,653
Gross operating margin
+€2.0m
Depreciation
+€8,072
Other operating charges
+€176,160
Other operating items
-€771,673
Financial income
+€184,989
Financial charges
-€98,963
Taxes
-€301,252
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.1m
Investment
+€5.2m
Financing
-€6.4m
Cash 2024
€3,816
From operations (derived)
+€3.1m
Net result for the year
+€1.3m
Depreciation
+€105,305
Stocks and contracts
-€340,858
Receivables within one year
-€357,477
Deferred charges and accrued income
-€49
Trade debts
+€353,942
Tax, wage and social debts
+€257,947
Other debts
+€1.8m
Investment (derived)
+€5.2m
Investment in fixed assets (net)
+€5.2m
Financing
-€6.4m
Debts after one year
-€3.7m
Current portion of long-term debt
+€119,660
Short-term financial debts
-€2.8m
Cash 2025
€1.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,027,518 | €39,381,467 | -€2.6m | -6.3% |
| Fixed assets | 21/28 | €31,231,292 | €25,951,144 | -€5.3m | -16.9% |
| Tangible fixed assets | 22/27 | €980,403 | €818,898 | -€161,505 | -16.5% |
| Land and buildings | 22 | €267,788 | €225,982 | -€41,806 | -15.6% |
| Furniture and vehicles | 24 | €79,140 | €2 | -€79,137 | -100.0% |
| Other tangible fixed assets | 26 | €633,476 | €592,914 | -€40,562 | -6.4% |
| Financial fixed assets | 28 | €30,250,888 | €25,132,246 | -€5.1m | -16.9% |
| Current assets | 29/58 | €10,796,226 | €13,430,323 | +€2.6m | +24.4% |
| Stocks and contracts in progress | 3 | €2,632,679 | €2,973,537 | +€340,858 | +12.9% |
| Stocks | 30/36 | €2,632,679 | €2,973,537 | +€340,858 | +12.9% |
| Amounts receivable within one year | 40/41 | €8,158,122 | €8,515,600 | +€357,477 | +4.4% |
| Trade receivables | 40 | €999,441 | €2,094,439 | +€1.1m | +110% |
| Other amounts receivable | 41 | €7,158,681 | €6,421,161 | -€737,521 | -10.3% |
| Cash at bank and in hand | 54/58 | €3,816 | €1,939,528 | +€1.9m | +50,723% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,658 | +€49 | +3.1% |
| Total equity and liabilities | 10/49 | €42,027,518 | €39,381,467 | -€2.6m | -6.3% |
| Equity | 10/15 | €26,738,382 | €28,005,856 | +€1.3m | +4.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €22,800,000 | €22,800,000 | = | 0.0% |
| Reserves | 13 | €2,939,891 | €2,939,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,933,741 | €2,933,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €936,990 | €2,204,464 | +€1.3m | +135% |
| Amounts payable | 17/49 | €15,289,137 | €11,375,611 | -€3.9m | -25.6% |
| Amounts payable after more than one year | 17 | €9,086,812 | €5,421,360 | -€3.7m | -40.3% |
| Financial debts | 170/4 | €130,972 | €1,965,520 | +€1.8m | +1,401% |
| Other amounts payable | 178/9 | €8,955,840 | €3,455,840 | -€5.5m | -61.4% |
| Amounts payable within one year | 42/48 | €6,202,325 | €5,954,251 | -€248,074 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €44,448 | €164,108 | +€119,660 | +269% |
| Financial debts | 43 | €2,805,771 | - | -€2.8m | |
| Credit institutions | 430/8 | €2,805,771 | - | -€2.8m | |
| Trade debts | 44 | €451,208 | €805,150 | +€353,942 | +78.4% |
| Suppliers | 440/4 | €451,208 | €805,150 | +€353,942 | +78.4% |
| Taxes, remuneration and social security | 45 | €45,528 | €303,475 | +€257,947 | +567% |
| Taxes | 450/3 | €45,528 | €303,475 | +€257,947 | +567% |
| Other amounts payable | 47/48 | €2,855,369 | €4,681,518 | +€1.8m | +64.0% |
| Non-recurring operating income | 76A | €23,107 | - | -€23,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,377 | €105,305 | -€8,072 | -7.1% |
| Other operating charges | 640/8 | €269,503 | €93,344 | -€176,160 | -65.4% |
| Non-recurring operating charges | 66A | €12,103 | €783,776 | +€771,673 | +6,376% |
| Gross operating margin | 9900 | €611,817 | €2,571,305 | +€2.0m | +320% |
| Operating profit (loss) | 9901 | €216,833 | €1,588,880 | +€1.4m | +633% |
| Financial income | 75/76B | €91,192 | €276,181 | +€184,989 | +203% |
| Recurring financial income | 75 | €91,192 | €276,181 | +€184,989 | +203% |
| Financial charges | 65/66B | €194,860 | €293,824 | +€98,963 | +50.8% |
| Recurring financial charges | 65 | €194,860 | €293,824 | +€98,963 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €113,164 | €1,571,237 | +€1.5m | +1,288% |
| Income taxes | 67/77 | €2,511 | €303,763 | +€301,252 | +11,995% |
| Profit (loss) for the period | 9904 | €110,653 | €1,267,474 | +€1.2m | +1,045% |
| Profit (loss) for the period to be appropriated | 9905 | €110,653 | €1,267,474 | +€1.2m | +1,045% |
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 25 October 2026 via checked.be.