CLAP BOURGEOIS: 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 BOURGEOIS
Largest movements
- Current investments +€199,272
up €199,272 (+79.7%), from €250,000 to €449,272
- Cash -€26,710
down €26,710 (-66.0%), from €40,458 to €13,747
mainly Current investments (-€199,272) and Investment in fixed assets (net) (-€12,986)
- Tangible fixed assets +€11,599
up €11,599 (+301%), from €3,857 to €15,455
of which Plant, machinery and equipment: +€7,892
- Reserves +€56,000
up €56,000 (+37.3%), from €150,000 to €206,000
- Trade debts +€53,731
up €53,731 (+421%), from €12,766 to €66,497
- Tax, wage and social debts +€50,465
up €50,465 (+153%), from €32,990 to €83,455
- Other debts +€16,309
up €16,309 (+16.3%), from €100,000 to €116,309
- Profit (loss) carried forward +€5,740
up €5,740 (+24.3%), from €23,590 to €29,330
- Taxes +€66,898
up €66,898 (+223%), from €30,000 to €96,898
- Gross operating margin -€39,870
down €39,870 (-19.2%), from €207,460 to €167,590
- Staff costs +€11,462
new in 2025: €11,462
- Financial income +€5,946
new in 2025: €5,946
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 | €329,346 | €511,591 | +€182,245 | +55.3% |
| Fixed assets | 21/28 | €3,857 | €15,455 | +€11,599 | +301% |
| Tangible fixed assets | 22/27 | €3,857 | €15,455 | +€11,599 | +301% |
| Plant, machinery and equipment | 23 | €3,857 | €11,748 | +€7,892 | +205% |
| Furniture and vehicles | 24 | - | €3,707 | +€3,707 | |
| Current assets | 29/58 | €325,490 | €496,136 | +€170,647 | +52.4% |
| Amounts receivable within one year | 40/41 | €35,032 | €33,117 | -€1,915 | -5.5% |
| Trade receivables | 40 | €35,032 | €33,117 | -€1,915 | -5.5% |
| Current investments | 50/53 | €250,000 | €449,272 | +€199,272 | +79.7% |
| Cash at bank and in hand | 54/58 | €40,458 | €13,747 | -€26,710 | -66.0% |
| Total equity and liabilities | 10/49 | €329,346 | €511,591 | +€182,245 | +55.3% |
| Equity | 10/15 | €183,590 | €245,330 | +€61,740 | +33.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €206,000 | +€56,000 | +37.3% |
| Non-distributable reserves | 130/1 | €150,000 | €206,000 | +€56,000 | +37.3% |
| Own shares acquired | 1312 | €150,000 | €206,000 | +€56,000 | +37.3% |
| Profit (loss) carried forward | 14 | €23,590 | €29,330 | +€5,740 | +24.3% |
| Amounts payable | 17/49 | €145,756 | €266,261 | +€120,505 | +82.7% |
| Amounts payable within one year | 42/48 | €145,756 | €266,261 | +€120,505 | +82.7% |
| Trade debts | 44 | €12,766 | €66,497 | +€53,731 | +421% |
| Suppliers | 440/4 | €12,766 | €66,497 | +€53,731 | +421% |
| Taxes, remuneration and social security | 45 | €32,990 | €83,455 | +€50,465 | +153% |
| Taxes | 450/3 | €32,990 | €83,455 | +€50,465 | +153% |
| Other amounts payable | 47/48 | €100,000 | €116,309 | +€16,309 | +16.3% |
| Remuneration, social security and pensions | 62 | - | €11,462 | +€11,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232 | €1,388 | +€1,155 | +498% |
| Other operating charges | 640/8 | €3,589 | €2,048 | -€1,541 | -42.9% |
| Gross operating margin | 9900 | €207,460 | €167,590 | -€39,870 | -19.2% |
| Operating profit (loss) | 9901 | €203,639 | €152,693 | -€50,946 | -25.0% |
| Financial income | 75/76B | - | €5,946 | +€5,946 | |
| Recurring financial income | 75 | - | €5,946 | +€5,946 | |
| Financial charges | 65/66B | €49 | €1 | -€48 | -98.6% |
| Recurring financial charges | 65 | €49 | €1 | -€48 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €203,590 | €158,638 | -€44,952 | -22.1% |
| Income taxes | 67/77 | €30,000 | €96,898 | +€66,898 | +223% |
| Profit (loss) for the period | 9904 | €173,590 | €61,740 | -€111,850 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173,590 | €61,740 | -€111,850 | -64.4% |
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 18 October 2026 via checked.be.