CLARA: 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.
CLARA
Largest movements
- Receivables within one year +€6,173
up €6,173 (+80.6%), from €7,654 to €13,827
of which Other amounts receivable: +€5,943
- Tangible fixed assets -€4,953
down €4,953 (-50.4%), from €9,823 to €4,870
- Cash -€536
down €536 (-70.1%), from €765 to €229
mainly Receivables within one year (-€6,173) and Net result for the year (-€6,122)
- Deferred charges and accrued income +€213
new in 2025: €213
- Intangible fixed assets -€207
down €207 (-52.2%), from €396 to €189
- Other debts +€10,512
up €10,512 (+29.0%), from €36,270 to €46,782
- Profit (loss) carried forward -€6,122
down €6,122 (-17.2%), from -€35,595 to -€41,717
- Debts after one year -€3,856
no longer reported in 2025 (was €3,856)
- Trade debts +€408
new in 2025: €408
- Current portion of long-term debt -€251
down €251 (-6.1%), from €4,107 to €3,856
- Gross operating margin -€3,630
down €3,630 (-57.7%), from €6,291 to €2,662
- Other operating charges +€3,217
up €3,217 (+6434.5%), from €50 to €3,267
- Depreciation +€387
up €387 (+8.1%), from €4,772 to €5,160
- Financial income +€213
new in 2025: €213
- Financial charges -€199
down €199 (-25.8%), from €768 to €570
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 | €18,638 | €19,328 | +€690 | +3.7% |
| Fixed assets | 21/28 | €10,219 | €5,060 | -€5,160 | -50.5% |
| Intangible fixed assets | 21 | €396 | €189 | -€207 | -52.2% |
| Tangible fixed assets | 22/27 | €9,823 | €4,870 | -€4,953 | -50.4% |
| Plant, machinery and equipment | 23 | €9,823 | €4,870 | -€4,953 | -50.4% |
| Current assets | 29/58 | €8,419 | €14,268 | +€5,850 | +69.5% |
| Amounts receivable within one year | 40/41 | €7,654 | €13,827 | +€6,173 | +80.6% |
| Trade receivables | 40 | €4,723 | €4,953 | +€230 | +4.9% |
| Other amounts receivable | 41 | €2,931 | €8,874 | +€5,943 | +202.7% |
| Cash at bank and in hand | 54/58 | €765 | €229 | -€536 | -70.1% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €18,638 | €19,328 | +€690 | +3.7% |
| Equity | 10/15 | -€25,595 | -€31,717 | -€6,122 | -23.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,595 | -€41,717 | -€6,122 | -17.2% |
| Amounts payable | 17/49 | €44,233 | €51,045 | +€6,813 | +15.4% |
| Amounts payable after more than one year | 17 | €3,856 | - | -€3,856 | |
| Financial debts | 170/4 | €3,856 | - | -€3,856 | |
| Amounts payable within one year | 42/48 | €40,377 | €51,045 | +€10,669 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €4,107 | €3,856 | -€251 | -6.1% |
| Trade debts | 44 | - | €408 | +€408 | |
| Suppliers | 440/4 | - | €408 | +€408 | |
| Other amounts payable | 47/48 | €36,270 | €46,782 | +€10,512 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,772 | €5,160 | +€387 | +8.1% |
| Other operating charges | 640/8 | €50 | €3,267 | +€3,217 | +6434.5% |
| Non-recurring operating charges | 66A | €853 | - | -€853 | |
| Gross operating margin | 9900 | €6,291 | €2,662 | -€3,630 | -57.7% |
| Operating profit (loss) | 9901 | €617 | -€5,765 | -€6,382 | |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €768 | €570 | -€199 | -25.8% |
| Recurring financial charges | 65 | €768 | €570 | -€199 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€152 | -€6,122 | -€5,970 | -3932.9% |
| Profit (loss) for the period | 9904 | -€152 | -€6,122 | -€5,970 | -3932.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€152 | -€6,122 | -€5,970 | -3932.9% |
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 3 October 2026 via checked.be.