CLAP IMMO: what changed
Two fiscal 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
CLAP IMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€45,980
2024 · €28,131+€17,848
Equity
€131,068
2024 · €85,089+€45,980
Cash
€40,454
2024 · €35,289+€5,165
Balance sheet total
€711,962
2024 · €695,940+€16,022
Largest movements
Assets
- Tangible fixed assets +€12,320
up €12,320 (+2.0%), from €621,206 to €633,526
of which Land and buildings: +€9,216
Equity and liabilities
- Reserves +€45,980
new in 2025: €45,980
- Debts after one year -€34,524
down €34,524 (-6.0%), from €571,703 to €537,179
of which Financial debts: -€34,524
Income statement
- Gross operating margin +€26,883
up €26,883 (+35.7%), from €75,356 to €102,239
- Taxes +€8,639
new in 2025: €8,639
- Depreciation +€1,032
up €1,032 (+2.9%), from €35,178 to €36,210
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
€28,131
Gross operating margin
+€26,883
Depreciation
-€1,032
Other operating charges
-€95
Financial income
+€300
Financial charges
+€430
Taxes
-€8,639
Result 2025
€45,980
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.
From operations
+€87,716
Investment
-€48,530
Financing
-€34,021
Cash 2024
€35,289
From operations (derived)
+€87,716
Net result for the year
+€45,980
Depreciation
+€36,210
Receivables within one year
-€1,291
Deferred charges and accrued income
+€2,754
Trade debts
+€990
Tax, wage and social debts
+€3,639
Other debts
-€528
Accrued charges and deferred income
-€37
Investment (derived)
-€48,530
Investment in fixed assets (net)
-€48,530
Financing
-€34,021
Debts after one year
-€34,524
Current portion of long-term debt
+€467
Short-term financial debts
+€36
Cash 2025
€40,454
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €695,940 | €711,962 | +€16,022 | +2.3% |
| Fixed assets | 21/28 | €621,206 | €633,526 | +€12,320 | +2.0% |
| Tangible fixed assets | 22/27 | €621,206 | €633,526 | +€12,320 | +2.0% |
| Land and buildings | 22 | €621,206 | €630,423 | +€9,216 | +1.5% |
| Plant, machinery and equipment | 23 | - | €3,103 | +€3,103 | |
| Current assets | 29/58 | €74,734 | €78,436 | +€3,702 | +5.0% |
| Amounts receivable within one year | 40/41 | €0 | €1,291 | +€1,291 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €1,291 | +€1,291 | |
| Cash at bank and in hand | 54/58 | €35,289 | €40,454 | +€5,165 | +14.6% |
| Deferred charges and accrued income | 490/1 | €39,445 | €36,691 | -€2,754 | -7.0% |
| Total equity and liabilities | 10/49 | €695,940 | €711,962 | +€16,022 | +2.3% |
| Equity | 10/15 | €85,089 | €131,068 | +€45,980 | +54.0% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | - | €45,980 | +€45,980 | |
| Distributable reserves | 133 | - | €45,980 | +€45,980 | |
| Profit (loss) carried forward | 14 | €89 | €89 | = | 0.0% |
| Amounts payable | 17/49 | €610,852 | €580,894 | -€29,958 | -4.9% |
| Amounts payable after more than one year | 17 | €571,703 | €537,179 | -€34,524 | -6.0% |
| Financial debts | 170/4 | €571,153 | €536,629 | -€34,524 | -6.0% |
| Other amounts payable | 178/9 | €550 | €550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,444 | €43,047 | +€4,603 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €34,057 | €34,524 | +€467 | +1.4% |
| Financial debts | 43 | €2,554 | €2,590 | +€36 | +1.4% |
| Credit institutions | 430/8 | €2,554 | €2,590 | +€36 | +1.4% |
| Trade debts | 44 | €1,305 | €2,295 | +€990 | +75.9% |
| Suppliers | 440/4 | €1,305 | €2,295 | +€990 | +75.9% |
| Taxes, remuneration and social security | 45 | - | €3,639 | +€3,639 | |
| Taxes | 450/3 | - | €3,639 | +€3,639 | |
| Other amounts payable | 47/48 | €528 | €0 | -€528 | -100.0% |
| Accrued charges and deferred income | 492/3 | €705 | €668 | -€37 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,178 | €36,210 | +€1,032 | +2.9% |
| Other operating charges | 640/8 | €3,173 | €3,268 | +€95 | +3.0% |
| Gross operating margin | 9900 | €75,356 | €102,239 | +€26,883 | +35.7% |
| Operating profit (loss) | 9901 | €37,004 | €62,761 | +€25,757 | +69.6% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €8,872 | €8,442 | -€430 | -4.8% |
| Recurring financial charges | 65 | €8,872 | €8,442 | -€430 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €28,131 | €54,619 | +€26,487 | +94.2% |
| Income taxes | 67/77 | - | €8,639 | +€8,639 | |
| Profit (loss) for the period | 9904 | €28,131 | €45,980 | +€17,848 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,131 | €45,980 | +€17,848 | +63.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.