CLAPPS: 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.
CLAPPS
Largest movements
- Current investments +€54,340
up €54,340 (+207%), from €26,281 to €80,622
- Deferred charges and accrued income +€7,206
up €7,206 (+935%), from €771 to €7,977
- Cash -€5,556
down €5,556 (-79.0%), from €7,034 to €1,478
mainly Current investments (-€54,340) and Deferred charges and accrued income (-€7,206)
- Tangible fixed assets -€4,093
down €4,093 (-28.9%), from €14,148 to €10,055
- Profit (loss) carried forward +€51,466
up €51,466 (+110%), from €46,879 to €98,345
- Gross operating margin +€20,036
up €20,036 (+31.9%), from €62,871 to €82,908
- Financial charges +€10,695
up €10,695 (+59,881%), from €18 to €10,713
- Depreciation +€3,174
up €3,174 (+117%), from €2,707 to €5,881
- Taxes +€1,448
up €1,448 (+11.6%), from €12,438 to €13,886
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 | €49,451 | €101,262 | +€51,811 | +105% |
| Fixed assets | 21/28 | €14,148 | €10,055 | -€4,093 | -28.9% |
| Tangible fixed assets | 22/27 | €14,148 | €10,055 | -€4,093 | -28.9% |
| Furniture and vehicles | 24 | €14,148 | €10,055 | -€4,093 | -28.9% |
| Current assets | 29/58 | €35,303 | €91,207 | +€55,904 | +158% |
| Amounts receivable within one year | 40/41 | €1,217 | €1,131 | -€86 | -7.1% |
| Trade receivables | 40 | - | €110 | +€110 | |
| Other amounts receivable | 41 | €1,217 | €1,020 | -€196 | -16.1% |
| Current investments | 50/53 | €26,281 | €80,622 | +€54,340 | +207% |
| Cash at bank and in hand | 54/58 | €7,034 | €1,478 | -€5,556 | -79.0% |
| Deferred charges and accrued income | 490/1 | €771 | €7,977 | +€7,206 | +935% |
| Total equity and liabilities | 10/49 | €49,451 | €101,262 | +€51,811 | +105% |
| Equity | 10/15 | €47,379 | €98,845 | +€51,466 | +109% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,879 | €98,345 | +€51,466 | +110% |
| Amounts payable | 17/49 | €2,072 | €2,417 | +€346 | +16.7% |
| Amounts payable within one year | 42/48 | €2,072 | €2,417 | +€346 | +16.7% |
| Trade debts | 44 | €230 | €25 | -€206 | -89.2% |
| Suppliers | 440/4 | €230 | €25 | -€206 | -89.2% |
| Taxes, remuneration and social security | 45 | €1,008 | €1,559 | +€551 | +54.7% |
| Taxes | 450/3 | €1,008 | €1,559 | +€551 | +54.7% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,707 | €5,881 | +€3,174 | +117% |
| Other operating charges | 640/8 | - | €185 | +€185 | |
| Gross operating margin | 9900 | €62,871 | €82,908 | +€20,036 | +31.9% |
| Operating profit (loss) | 9901 | €60,164 | €76,841 | +€16,677 | +27.7% |
| Financial income | 75/76B | €4 | €57 | +€53 | +1,460% |
| Recurring financial income | 75 | €4 | €57 | +€53 | +1,460% |
| Financial charges | 65/66B | €18 | €10,713 | +€10,695 | +59,881% |
| Recurring financial charges | 65 | €18 | €10,713 | +€10,695 | +59,881% |
| Profit (loss) for the period before taxes | 9903 | €60,150 | €66,185 | +€6,035 | +10.0% |
| Income taxes | 67/77 | €12,438 | €13,886 | +€1,448 | +11.6% |
| Profit (loss) for the period | 9904 | €47,712 | €52,299 | +€4,587 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,712 | €52,299 | +€4,587 | +9.6% |
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 18 October 2026 via checked.be.