CLAP: 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.
CLAP
Largest movements
- Cash +€167,075
up €167,075 (+93.0%), from €179,669 to €346,745
mainly Net result for the year (+€315,445) and Other debts (+€199,585)
- Tangible fixed assets -€14,561
down €14,561 (-27.6%), from €52,689 to €38,128
of which Furniture and vehicles: -€11,992
- Receivables within one year -€5,106
down €5,106 (-85.0%), from €6,008 to €902
of which Other amounts receivable: -€3,568
- Other debts +€199,585
up €199,585 (+285.4%), from €69,941 to €269,526
- Debts after one year -€44,125
down €44,125 (-48.1%), from €91,660 to €47,535
- Tax, wage and social debts -€9,778
down €9,778 (-62.9%), from €15,548 to €5,770
- Gross operating margin +€70,919
up €70,919 (+19.6%), from €362,743 to €433,662
- Financial income -€39,928
down €39,928 (-97.2%), from €41,083 to €1,155
- Taxes +€14,929
up €14,929 (+17.3%), from €86,077 to €101,007
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 | €244,378 | €391,960 | +€147,582 | +60.4% |
| Fixed assets | 21/28 | €58,355 | €43,794 | -€14,561 | -25.0% |
| Tangible fixed assets | 22/27 | €52,689 | €38,128 | -€14,561 | -27.6% |
| Land and buildings | 22 | €4,009 | €2,559 | -€1,450 | -36.2% |
| Plant, machinery and equipment | 23 | €2,911 | €1,793 | -€1,118 | -38.4% |
| Furniture and vehicles | 24 | €45,768 | €33,776 | -€11,992 | -26.2% |
| Financial fixed assets | 28 | €5,666 | €5,666 | = | 0.0% |
| Current assets | 29/58 | €186,023 | €348,166 | +€162,143 | +87.2% |
| Amounts receivable within one year | 40/41 | €6,008 | €902 | -€5,106 | -85.0% |
| Trade receivables | 40 | €2,100 | €562 | -€1,538 | -73.2% |
| Other amounts receivable | 41 | €3,908 | €339 | -€3,568 | -91.3% |
| Cash at bank and in hand | 54/58 | €179,669 | €346,745 | +€167,075 | +93.0% |
| Deferred charges and accrued income | 490/1 | €346 | €520 | +€174 | +50.2% |
| Total equity and liabilities | 10/49 | €244,378 | €391,960 | +€147,582 | +60.4% |
| Equity | 10/15 | €20,128 | €18,600 | -€1,528 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,528 | €0 | -€1,528 | -100.0% |
| Distributable reserves | 133 | €1,528 | €0 | -€1,528 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €224,250 | €373,360 | +€149,110 | +66.5% |
| Amounts payable after more than one year | 17 | €91,660 | €47,535 | -€44,125 | -48.1% |
| Financial debts | 170/4 | €91,660 | €47,535 | -€44,125 | -48.1% |
| Amounts payable within one year | 42/48 | €132,450 | €325,669 | +€193,219 | +145.9% |
| Current portion of amounts payable after more than one year | 42 | €43,395 | €44,125 | +€730 | +1.7% |
| Financial debts | 43 | €3,380 | €5,043 | +€1,663 | +49.2% |
| Credit institutions | 430/8 | €3,380 | €5,043 | +€1,663 | +49.2% |
| Trade debts | 44 | €186 | €1,205 | +€1,019 | +548.7% |
| Suppliers | 440/4 | €186 | €1,205 | +€1,019 | +548.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €15,548 | €5,770 | -€9,778 | -62.9% |
| Taxes | 450/3 | €15,548 | €5,770 | -€9,778 | -62.9% |
| Other amounts payable | 47/48 | €69,941 | €269,526 | +€199,585 | +285.4% |
| Accrued charges and deferred income | 492/3 | €140 | €156 | +€16 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,561 | €14,561 | = | 0.0% |
| Other operating charges | 640/8 | €964 | €1,044 | +€80 | +8.3% |
| Gross operating margin | 9900 | €362,743 | €433,662 | +€70,919 | +19.6% |
| Operating profit (loss) | 9901 | €347,218 | €418,057 | +€70,839 | +20.4% |
| Financial income | 75/76B | €41,083 | €1,155 | -€39,928 | -97.2% |
| Recurring financial income | 75 | €41,083 | €1,155 | -€39,928 | -97.2% |
| Financial charges | 65/66B | €3,536 | €2,760 | -€776 | -21.9% |
| Recurring financial charges | 65 | €3,536 | €2,760 | -€776 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €384,765 | €416,452 | +€31,687 | +8.2% |
| Income taxes | 67/77 | €86,077 | €101,007 | +€14,929 | +17.3% |
| Profit (loss) for the period | 9904 | €298,687 | €315,445 | +€16,758 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €298,687 | €315,445 | +€16,758 | +5.6% |
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.