CLAREBOUT: 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
CLAREBOUT
NACE 73.200, Market research and public opinion polling
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€5.9m
2023 · €205.3m-€199.3m
Equity
€229.2m
2023 · €223.2m+€5.9m
Cash
€2.3m
2023 · €2.2m+€148,159
Balance sheet total
€591.7m
2023 · €500.2m+€91.5m
Largest movements
Assets
- Receivables within one year +€49.2m
up €49.2m (+64.6%), from €76.2m to €125.4m
of which Other amounts receivable: +€47.7m
- Current investments +€27.6m
up €27.6m (+330.3%), from €8.4m to €36.0m
of which Other investments: +€27.6m
- Financial fixed assets +€13.4m
up €13.4m (+4.5%), from €299.5m to €312.9m
of which Other financial fixed assets: +€10.1m
Equity and liabilities
- Trade debts +€123.1m
up €123.1m (+103.6%), from €118.8m to €241.9m
- Debts after one year -€26.1m
down €26.1m (-22.6%), from €115.3m to €89.3m
of which Financial debts: -€25.9m
- Other debts -€10.8m
down €10.8m (-78.1%), from €13.8m to €3.0m
- Reserves +€5.9m
up €5.9m (+2.7%), from €223.2m to €229.1m
of which Distributable reserves: +€6.9m
Income statement
- Turnover +€214.1m
up €214.1m (+36.9%), from €580.5m to €794.6m
- Financial income -€203.5m
down €203.5m (-97.8%), from €208.0m to €4.6m
- Goods and materials +€202.6m
up €202.6m (+35.8%), from €565.8m to €768.4m
of which Purchases: +€193.0m
From the 2023 result to the 2024 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 2023
€205.3m
Turnover
+€214.1m
Other operating income
-€594,954
Goods and materials
-€202.6m
Services and other goods
-€2.0m
Staff costs
-€787,058
Depreciation
-€745,446
Other operating charges
-€189,419
Other operating items
+€147,400
Financial income
-€203.5m
Financial charges
-€1.8m
Taxes
-€1.3m
Result 2024
€5.9m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€76.3m
Investment
-€50.0m
Financing
-€26.1m
Cash 2023
€2.2m
From operations (derived)
+€76.3m
Net result for the year
+€5.9m
Depreciation
+€4.1m
Receivables after one year
-€375,000
Stocks and contracts
+€5.1m
Receivables within one year
-€49.2m
Deferred charges and accrued income
-€802,491
Trade debts
+€123.1m
Tax, wage and social debts
-€585,461
Other debts
-€10.8m
Accrued charges and deferred income
-€107,007
Investment (derived)
-€50.0m
Investment in fixed assets (net)
-€22.4m
Current investments
-€27.6m
Financing
-€26.1m
Debts after one year
-€26.1m
Current portion of long-term debt
-€30,986
Cash 2024
€2.3m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,193,611 | €591,651,880 | +€91.5m | +18.3% |
| Fixed assets | 21/28 | €385,480,837 | €403,829,175 | +€18.3m | +4.8% |
| Intangible fixed assets | 21 | €10,000 | €10,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €85,935,967 | €90,929,023 | +€5.0m | +5.8% |
| Land and buildings | 22 | €79,261,618 | €87,672,065 | +€8.4m | +10.6% |
| Plant, machinery and equipment | 23 | €1,299,828 | €1,522,328 | +€222,501 | +17.1% |
| Furniture and vehicles | 24 | €319,725 | €306,572 | -€13,153 | -4.1% |
| Leasing and similar rights | 25 | €1,461,051 | €1,383,058 | -€77,994 | -5.3% |
| Assets under construction and advance payments | 27 | €3,593,745 | €45,000 | -€3.5m | -98.7% |
| Financial fixed assets | 28 | €299,534,870 | €312,890,152 | +€13.4m | +4.5% |
| Affiliated companies | 280/1 | €214,131,892 | €212,394,631 | -€1.7m | -0.8% |
| Participating interests | 280 | €214,131,892 | €212,394,631 | -€1.7m | -0.8% |
| Companies linked by participating interests | 282/3 | €47,407,424 | €52,410,634 | +€5.0m | +10.6% |
| Participating interests | 282 | €42,407,424 | €47,410,634 | +€5.0m | +11.8% |
| Amounts receivable | 283 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €37,995,554 | €48,084,888 | +€10.1m | +26.6% |
| Shares | 284 | €36,486,449 | €45,807,869 | +€9.3m | +25.5% |
| Amounts receivable and cash guarantees | 285/8 | €1,509,105 | €2,277,019 | +€767,913 | +50.9% |
| Current assets | 29/58 | €114,712,774 | €187,822,704 | +€73.1m | +63.7% |
| Amounts receivable after more than one year | 29 | - | €375,000 | +€375,000 | |
| Other amounts receivable | 291 | - | €375,000 | +€375,000 | |
| Stocks and contracts in progress | 3 | €27,527,810 | €22,450,440 | -€5.1m | -18.4% |
| Stocks | 30/36 | €27,527,810 | €22,450,440 | -€5.1m | -18.4% |
| Goods purchased for resale | 34 | €27,527,810 | €22,450,440 | -€5.1m | -18.4% |
| Amounts receivable within one year | 40/41 | €76,176,910 | €125,419,043 | +€49.2m | +64.6% |
| Trade receivables | 40 | €66,062,529 | €67,633,336 | +€1.6m | +2.4% |
| Other amounts receivable | 41 | €10,114,381 | €57,785,707 | +€47.7m | +471.3% |
| Current investments | 50/53 | €8,362,500 | €35,982,017 | +€27.6m | +330.3% |
| Own shares | 50 | €8,362,500 | €8,362,500 | = | 0.0% |
| Other investments | 51/53 | - | €27,619,517 | +€27.6m | |
| Cash at bank and in hand | 54/58 | €2,197,067 | €2,345,226 | +€148,159 | +6.7% |
| Deferred charges and accrued income | 490/1 | €448,487 | €1,250,977 | +€802,491 | +178.9% |
| Total equity and liabilities | 10/49 | €500,193,611 | €591,651,880 | +€91.5m | +18.3% |
| Equity | 10/15 | €223,238,986 | €229,172,123 | +€5.9m | +2.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €223,177,486 | €229,110,623 | +€5.9m | +2.7% |
| Non-distributable reserves | 130/1 | €9,106,200 | €9,106,200 | = | 0.0% |
| Legal reserve | 130 | €743,700 | €743,700 | = | 0.0% |
| Own shares acquired | 1312 | €8,362,500 | €8,362,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €997,770 | - | -€997,770 | |
| Distributable reserves | 133 | €213,073,516 | €220,004,423 | +€6.9m | +3.3% |
| Amounts payable | 17/49 | €276,954,625 | €362,479,757 | +€85.5m | +30.9% |
| Amounts payable after more than one year | 17 | €115,345,035 | €89,286,318 | -€26.1m | -22.6% |
| Financial debts | 170/4 | €114,745,035 | €88,886,318 | -€25.9m | -22.5% |
| Subordinated loans | 170 | €3,887,477 | €3,887,477 | = | 0.0% |
| Leasing and similar obligations | 172 | €435,392 | €236,931 | -€198,462 | -45.6% |
| Credit institutions | 173 | €108,290,062 | €84,761,911 | -€23.5m | -21.7% |
| Other loans | 174 | €2,132,104 | - | -€2.1m | |
| Other amounts payable | 178/9 | €600,000 | €400,000 | -€200,000 | -33.3% |
| Amounts payable within one year | 42/48 | €160,721,313 | €272,412,169 | +€111.7m | +69.5% |
| Current portion of amounts payable after more than one year | 42 | €25,968,698 | €25,937,712 | -€30,986 | -0.1% |
| Trade debts | 44 | €118,809,413 | €241,900,267 | +€123.1m | +103.6% |
| Suppliers | 440/4 | €118,809,413 | €241,900,267 | +€123.1m | +103.6% |
| Taxes, remuneration and social security | 45 | €2,137,299 | €1,551,838 | -€585,461 | -27.4% |
| Taxes | 450/3 | €1,730,880 | €1,130,245 | -€600,635 | -34.7% |
| Remuneration and social security | 454/9 | €406,419 | €421,593 | +€15,174 | +3.7% |
| Other amounts payable | 47/48 | €13,805,903 | €3,022,352 | -€10.8m | -78.1% |
| Accrued charges and deferred income | 492/3 | €888,277 | €781,270 | -€107,007 | -12.0% |
| Operating income | 70/76A | €581,188,944 | €794,806,395 | +€213.6m | +36.8% |
| Turnover | 70 | €580,547,933 | €794,611,691 | +€214.1m | +36.9% |
| Other operating income | 74 | €600,599 | €5,645 | -€594,954 | -99.1% |
| Non-recurring operating income | 76A | €40,412 | €189,059 | +€148,647 | +367.8% |
| Operating charges | 60/66A | €579,585,298 | €785,953,381 | +€206.4m | +35.6% |
| Goods for resale, raw materials and consumables | 60 | €565,790,701 | €768,429,269 | +€202.6m | +35.8% |
| Purchases | 600/8 | €570,380,472 | €763,351,899 | +€193.0m | +33.8% |
| Change in stocks: decrease (increase) | 609 | -€4,589,771 | €5,077,370 | +€9.7m | |
| Services and other goods | 61 | €8,034,344 | €10,040,689 | +€2.0m | +25.0% |
| Remuneration, social security and pensions | 62 | €2,041,608 | €2,828,666 | +€787,058 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,325,757 | €4,071,203 | +€745,446 | +22.4% |
| Other operating charges | 640/8 | €392,888 | €582,307 | +€189,419 | +48.2% |
| Non-recurring operating charges | 66A | - | €1,247 | +€1,247 | |
| Operating profit (loss) | 9901 | €1,603,647 | €8,853,014 | +€7.2m | +452.1% |
| Financial income | 75/76B | €208,044,342 | €4,561,076 | -€203.5m | -97.8% |
| Recurring financial income | 75 | €208,044,342 | €4,561,076 | -€203.5m | -97.8% |
| Income from financial fixed assets | 750 | €207,485,838 | €785,304 | -€206.7m | -99.6% |
| Income from current assets | 751 | €520,856 | €2,233,567 | +€1.7m | +328.8% |
| Other financial income | 752/9 | €37,648 | €1,542,205 | +€1.5m | +3996.4% |
| Financial charges | 65/66B | €4,313,090 | €6,069,575 | +€1.8m | +40.7% |
| Recurring financial charges | 65 | €4,313,090 | €6,069,575 | +€1.8m | +40.7% |
| Debt charges | 650 | €4,055,421 | €5,786,980 | +€1.7m | +42.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €176,372 | +€176,372 | |
| Other financial charges | 652/9 | €257,669 | €106,223 | -€151,446 | -58.8% |
| Profit (loss) for the period before taxes | 9903 | €205,334,898 | €7,344,514 | -€198.0m | -96.4% |
| Income taxes | 67/77 | €63,986 | €1,411,378 | +€1.3m | +2105.8% |
| Taxes | 670/3 | €870,000 | €1,411,378 | +€541,378 | +62.2% |
| Tax adjustments and reversals of tax provisions | 77 | €806,014 | - | -€806,014 | |
| Profit (loss) for the period | 9904 | €205,270,913 | €5,933,136 | -€199.3m | -97.1% |
| Transfer from tax-exempt reserves | 789 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €205,270,913 | €6,930,906 | -€198.3m | -96.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.