Clares: 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.
Clares
Largest movements
- Receivables within one year +€67,167
up €67,167 (+19.5%), from €343,823 to €410,990
of which Trade receivables: +€68,716
- Cash -€48,562
down €48,562 (-43.3%), from €112,123 to €63,561
mainly Receivables within one year (-€67,167) and Accrued charges and deferred income (-€34,241)
- Receivables after one year -€19,234
down €19,234 (-100%), from €19,234 to €0
- Deferred charges and accrued income -€8,970
down €8,970 (-78.1%), from €11,480 to €2,510
- Accrued charges and deferred income -€34,241
down €34,241 (-52.6%), from €65,156 to €30,915
- Reserves +€20,418
up €20,418 (+22.5%), from €90,872 to €111,291
of which Distributable reserves: +€19,397
- Other debts +€5,601
new in 2025: €5,601
- Gross operating margin -€68,155
down €68,155 (-36.9%), from €184,664 to €116,510
- Other operating charges -€34,384
down €34,384 (-52.1%), from €65,941 to €31,557
- Taxes -€12,016
down €12,016 (-54.3%), from €22,114 to €10,097
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 | €495,504 | €485,932 | -€9,572 | -1.9% |
| Fixed assets | 21/28 | €8,845 | €8,872 | +€27 | +0.3% |
| Intangible fixed assets | 21 | €7,007 | €2,695 | -€4,312 | -61.5% |
| Tangible fixed assets | 22/27 | €938 | €5,277 | +€4,339 | +463% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €938 | €5,277 | +€4,339 | +463% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €486,660 | €477,060 | -€9,600 | -2.0% |
| Amounts receivable after more than one year | 29 | €19,234 | €0 | -€19,234 | -100% |
| Other amounts receivable | 291 | €19,234 | €0 | -€19,234 | -100% |
| Amounts receivable within one year | 40/41 | €343,823 | €410,990 | +€67,167 | +19.5% |
| Trade receivables | 40 | €342,273 | €410,990 | +€68,716 | +20.1% |
| Other amounts receivable | 41 | €1,549 | €0 | -€1,549 | -100% |
| Cash at bank and in hand | 54/58 | €112,123 | €63,561 | -€48,562 | -43.3% |
| Deferred charges and accrued income | 490/1 | €11,480 | €2,510 | -€8,970 | -78.1% |
| Total equity and liabilities | 10/49 | €495,504 | €485,932 | -€9,572 | -1.9% |
| Equity | 10/15 | €305,872 | €326,291 | +€20,418 | +6.7% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €90,872 | €111,291 | +€20,418 | +22.5% |
| Non-distributable reserves | 130/1 | €4,576 | €5,597 | +€1,021 | +22.3% |
| Legal reserve | 130 | €4,576 | €5,597 | +€1,021 | +22.3% |
| Distributable reserves | 133 | €86,297 | €105,694 | +€19,397 | +22.5% |
| Amounts payable | 17/49 | €189,632 | €159,641 | -€29,991 | -15.8% |
| Amounts payable within one year | 42/48 | €124,476 | €128,726 | +€4,250 | +3.4% |
| Trade debts | 44 | €75,101 | €78,482 | +€3,381 | +4.5% |
| Suppliers | 440/4 | €75,101 | €78,482 | +€3,381 | +4.5% |
| Taxes, remuneration and social security | 45 | €49,375 | €44,643 | -€4,732 | -9.6% |
| Taxes | 450/3 | €42,671 | €37,699 | -€4,972 | -11.7% |
| Remuneration and social security | 454/9 | €6,704 | €6,944 | +€240 | +3.6% |
| Other amounts payable | 47/48 | - | €5,601 | +€5,601 | |
| Accrued charges and deferred income | 492/3 | €65,156 | €30,915 | -€34,241 | -52.6% |
| Remuneration, social security and pensions | 62 | €48,168 | €47,058 | -€1,111 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,591 | €6,988 | +€1,397 | +25.0% |
| Other operating charges | 640/8 | €65,941 | €31,557 | -€34,384 | -52.1% |
| Gross operating margin | 9900 | €184,664 | €116,510 | -€68,155 | -36.9% |
| Operating profit (loss) | 9901 | €64,964 | €30,907 | -€34,057 | -52.4% |
| Financial income | 75/76B | €512 | €0 | -€512 | -100.0% |
| Recurring financial income | 75 | €512 | €0 | -€512 | -100.0% |
| Financial charges | 65/66B | €353 | €392 | +€39 | +11.1% |
| Recurring financial charges | 65 | €353 | €392 | +€39 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €65,124 | €30,515 | -€34,608 | -53.1% |
| Income taxes | 67/77 | €22,114 | €10,097 | -€12,016 | -54.3% |
| Profit (loss) for the period | 9904 | €43,010 | €20,418 | -€22,592 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,010 | €20,418 | -€22,592 | -52.5% |
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 31 October 2026 via checked.be.