CLARAFIN: 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.
CLARAFIN
Largest movements
- Cash +€44,325
up €44,325 (+62.4%), from €71,007 to €115,332
mainly Net result for the year (+€72,267) and Depreciation (+€14,359)
- Receivables within one year +€26,935
up €26,935 (+200%), from €13,450 to €40,384
- Tangible fixed assets -€6,584
down €6,584 (-13.2%), from €49,829 to €43,245
of which Furniture and vehicles: -€6,060
- Reserves +€72,267
up €72,267 (+102%), from €71,188 to €143,455
- Debts after one year -€14,029
down €14,029 (-33.6%), from €41,725 to €27,696
- Tax, wage and social debts +€6,047
new in 2025: €6,047
- Gross operating margin -€10,502
down €10,502 (-8.6%), from €122,074 to €111,573
- Other operating charges -€4,919
down €4,919 (-63.9%), from €7,700 to €2,781
- Depreciation -€3,156
down €3,156 (-18.0%), from €17,516 to €14,359
- Taxes -€2,338
down €2,338 (-10.6%), from €21,969 to €19,630
- Financial income +€1,757
up €1,757 (+17,565,000%), from €0 to €1,757
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 | €134,812 | €199,676 | +€64,864 | +48.1% |
| Fixed assets | 21/28 | €49,829 | €43,245 | -€6,584 | -13.2% |
| Tangible fixed assets | 22/27 | €49,829 | €43,245 | -€6,584 | -13.2% |
| Plant, machinery and equipment | 23 | - | €4,324 | +€4,324 | |
| Furniture and vehicles | 24 | €28,254 | €22,193 | -€6,060 | -21.4% |
| Other tangible fixed assets | 26 | €21,575 | €16,728 | -€4,847 | -22.5% |
| Current assets | 29/58 | €84,983 | €156,431 | +€71,448 | +84.1% |
| Amounts receivable within one year | 40/41 | €13,450 | €40,384 | +€26,935 | +200% |
| Other amounts receivable | 41 | €13,450 | €40,384 | +€26,935 | +200% |
| Cash at bank and in hand | 54/58 | €71,007 | €115,332 | +€44,325 | +62.4% |
| Deferred charges and accrued income | 490/1 | €527 | €715 | +€189 | +35.8% |
| Total equity and liabilities | 10/49 | €134,812 | €199,676 | +€64,864 | +48.1% |
| Equity | 10/15 | €74,188 | €146,455 | +€72,267 | +97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,188 | €143,455 | +€72,267 | +102% |
| Distributable reserves | 133 | €71,188 | €143,455 | +€72,267 | +102% |
| Amounts payable | 17/49 | €60,624 | €53,221 | -€7,403 | -12.2% |
| Amounts payable after more than one year | 17 | €41,725 | €27,696 | -€14,029 | -33.6% |
| Financial debts | 170/4 | €41,725 | €27,696 | -€14,029 | -33.6% |
| Amounts payable within one year | 42/48 | €18,900 | €25,526 | +€6,626 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €13,463 | €14,029 | +€566 | +4.2% |
| Financial debts | 43 | €5,073 | €5,095 | +€21 | +0.4% |
| Credit institutions | 430/8 | €5,073 | €5,095 | +€21 | +0.4% |
| Trade debts | 44 | €364 | €356 | -€8 | -2.2% |
| Suppliers | 440/4 | €364 | €356 | -€8 | -2.2% |
| Taxes, remuneration and social security | 45 | - | €6,047 | +€6,047 | |
| Taxes | 450/3 | - | €6,047 | +€6,047 | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,516 | €14,359 | -€3,156 | -18.0% |
| Other operating charges | 640/8 | €7,700 | €2,781 | -€4,919 | -63.9% |
| Gross operating margin | 9900 | €122,074 | €111,573 | -€10,502 | -8.6% |
| Operating profit (loss) | 9901 | €96,859 | €94,182 | -€2,676 | -2.8% |
| Financial income | 75/76B | €0 | €1,757 | +€1,757 | +17,565,000% |
| Recurring financial income | 75 | €0 | €1,757 | +€1,757 | +17,565,000% |
| Financial charges | 65/66B | €3,702 | €4,042 | +€339 | +9.2% |
| Recurring financial charges | 65 | €3,702 | €4,042 | +€339 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €93,156 | €91,897 | -€1,259 | -1.4% |
| Income taxes | 67/77 | €21,969 | €19,630 | -€2,338 | -10.6% |
| Profit (loss) for the period | 9904 | €71,188 | €72,267 | +€1,079 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,188 | €72,267 | +€1,079 | +1.5% |
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 19 October 2026 via checked.be.