CLARAS: 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.
CLARAS
Largest movements
- Cash +€25,545
up €25,545 (+89.4%), from €28,584 to €54,130
mainly Depreciation (+€22,791) and Net result for the year (+€17,723)
- Tangible fixed assets -€20,313
down €20,313 (-59.5%), from €34,114 to €13,801
of which Land and buildings: -€21,263
- Stocks and contracts -€834
down €834 (-11.4%), from €7,345 to €6,511
- Profit (loss) carried forward +€17,723
up €17,723 (+27.5%), from -€64,375 to -€46,652
- Debts after one year -€13,223
down €13,223 (-15.3%), from €86,664 to €73,441
- Tax, wage and social debts +€1,877
up €1,877 (+16.8%), from €11,143 to €13,021
of which Taxes: +€6,954
- Trade debts -€1,081
down €1,081 (-27.0%), from €4,006 to €2,926
- Gross operating margin +€16,436
up €16,436 (+14.7%), from €111,558 to €127,995
- Taxes +€6,582
up €6,582 (+380.7%), from €1,729 to €8,311
- Staff costs -€2,888
down €2,888 (-4.3%), from €67,568 to €64,680
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 | €74,270 | €79,512 | +€5,242 | +7.1% |
| Fixed assets | 21/28 | €34,194 | €13,881 | -€20,313 | -59.4% |
| Tangible fixed assets | 22/27 | €34,114 | €13,801 | -€20,313 | -59.5% |
| Land and buildings | 22 | €30,860 | €9,598 | -€21,263 | -68.9% |
| Plant, machinery and equipment | 23 | €2,243 | €3,722 | +€1,479 | +65.9% |
| Furniture and vehicles | 24 | €1,010 | €481 | -€529 | -52.4% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €40,076 | €65,631 | +€25,555 | +63.8% |
| Stocks and contracts in progress | 3 | €7,345 | €6,511 | -€834 | -11.4% |
| Stocks | 30/36 | €7,345 | €6,511 | -€834 | -11.4% |
| Amounts receivable within one year | 40/41 | €3,575 | €4,277 | +€702 | +19.6% |
| Trade receivables | 40 | €1,345 | €3,487 | +€2,142 | +159.3% |
| Other amounts receivable | 41 | €2,230 | €790 | -€1,441 | -64.6% |
| Cash at bank and in hand | 54/58 | €28,584 | €54,130 | +€25,545 | +89.4% |
| Deferred charges and accrued income | 490/1 | €571 | €714 | +€143 | +25.0% |
| Total equity and liabilities | 10/49 | €74,270 | €79,512 | +€5,242 | +7.1% |
| Equity | 10/15 | -€45,775 | -€28,052 | +€17,723 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,375 | -€46,652 | +€17,723 | +27.5% |
| Amounts payable | 17/49 | €120,045 | €107,564 | -€12,481 | -10.4% |
| Amounts payable after more than one year | 17 | €86,664 | €73,441 | -€13,223 | -15.3% |
| Financial debts | 170/4 | €86,664 | €73,441 | -€13,223 | -15.3% |
| Amounts payable within one year | 42/48 | €33,368 | €34,099 | +€731 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €12,534 | €13,223 | +€689 | +5.5% |
| Trade debts | 44 | €4,006 | €2,926 | -€1,081 | -27.0% |
| Suppliers | 440/4 | €4,006 | €2,926 | -€1,081 | -27.0% |
| Taxes, remuneration and social security | 45 | €11,143 | €13,021 | +€1,877 | +16.8% |
| Taxes | 450/3 | €2,193 | €9,147 | +€6,954 | +317.1% |
| Remuneration and social security | 454/9 | €8,951 | €3,874 | -€5,077 | -56.7% |
| Other amounts payable | 47/48 | €5,685 | €4,930 | -€754 | -13.3% |
| Accrued charges and deferred income | 492/3 | €14 | €24 | +€10 | +76.0% |
| Remuneration, social security and pensions | 62 | €67,568 | €64,680 | -€2,888 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,616 | €22,791 | +€175 | +0.8% |
| Other operating charges | 640/8 | €4,525 | €4,502 | -€23 | -0.5% |
| Gross operating margin | 9900 | €111,558 | €127,995 | +€16,436 | +14.7% |
| Operating profit (loss) | 9901 | €16,849 | €36,022 | +€19,173 | +113.8% |
| Financial income | 75/76B | €24 | €63 | +€39 | +162.2% |
| Recurring financial income | 75 | €24 | €63 | +€39 | +162.2% |
| Financial charges | 65/66B | €10,809 | €10,051 | -€758 | -7.0% |
| Recurring financial charges | 65 | €10,809 | €10,051 | -€758 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €6,064 | €26,034 | +€19,970 | +329.3% |
| Income taxes | 67/77 | €1,729 | €8,311 | +€6,582 | +380.7% |
| Profit (loss) for the period | 9904 | €4,335 | €17,723 | +€13,388 | +308.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,335 | €17,723 | +€13,388 | +308.8% |
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 2 October 2026 via checked.be.