ClaRetail: 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.
ClaRetail
Largest movements
- Current investments +€2.4m
up €2.4m (+84.8%), from €2.9m to €5.3m
- Tangible fixed assets -€520,261
down €520,261 (-6.0%), from €8.6m to €8.1m
of which Land and buildings: -€519,199
- Cash -€372,807
down €372,807 (-71.6%), from €520,533 to €147,726
mainly Current investments (-€2.4m) and Other debts (-€283,476)
- Receivables within one year -€270,698
down €270,698 (-28.1%), from €964,109 to €693,411
of which Trade receivables: -€181,808
- Debts after one year +€1.8m
up €1.8m (+10.4%), from €17.5m to €19.3m
of which Other amounts payable: +€1.8m
- Other debts -€283,476
no longer reported in 2025 (was €283,476)
- Gross operating margin +€430,871
up €430,871 (+119%), from €363,169 to €794,040
- Financial income +€57,864
up €57,864 (+164%), from €35,317 to €93,181
- Write-downs +€24,231
new in 2025: €24,231
- Depreciation +€8,346
up €8,346 (+1.6%), from €524,353 to €532,699
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 | €14,377,655 | €15,629,676 | +€1.3m | +8.7% |
| Fixed assets | 21/28 | €10,042,593 | €9,522,332 | -€520,261 | -5.2% |
| Tangible fixed assets | 22/27 | €8,628,218 | €8,107,957 | -€520,261 | -6.0% |
| Land and buildings | 22 | €8,623,971 | €8,104,772 | -€519,199 | -6.0% |
| Plant, machinery and equipment | 23 | €4,247 | €3,185 | -€1,062 | -25.0% |
| Financial fixed assets | 28 | €1,414,375 | €1,414,375 | = | 0.0% |
| Current assets | 29/58 | €4,335,062 | €6,107,344 | +€1.8m | +40.9% |
| Amounts receivable within one year | 40/41 | €964,109 | €693,411 | -€270,698 | -28.1% |
| Trade receivables | 40 | €551,061 | €369,253 | -€181,808 | -33.0% |
| Other amounts receivable | 41 | €413,048 | €324,158 | -€88,890 | -21.5% |
| Current investments | 50/53 | €2,850,000 | €5,266,207 | +€2.4m | +84.8% |
| Cash at bank and in hand | 54/58 | €520,533 | €147,726 | -€372,807 | -71.6% |
| Deferred charges and accrued income | 490/1 | €420 | - | -€420 | |
| Total equity and liabilities | 10/49 | €14,377,655 | €15,629,676 | +€1.3m | +8.7% |
| Equity | 10/15 | -€3,845,470 | -€3,996,449 | -€150,979 | -3.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,872,970 | -€4,023,949 | -€150,979 | -3.9% |
| Amounts payable | 17/49 | €18,223,125 | €19,626,125 | +€1.4m | +7.7% |
| Amounts payable after more than one year | 17 | €17,475,691 | €19,293,176 | +€1.8m | +10.4% |
| Financial debts | 170/4 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other amounts payable | 178/9 | €12,475,691 | €14,293,176 | +€1.8m | +14.6% |
| Amounts payable within one year | 42/48 | €586,932 | €178,892 | -€408,041 | -69.5% |
| Trade debts | 44 | €293,882 | €164,311 | -€129,571 | -44.1% |
| Suppliers | 440/4 | €293,882 | €164,311 | -€129,571 | -44.1% |
| Taxes, remuneration and social security | 45 | €9,574 | €14,580 | +€5,006 | +52.3% |
| Taxes | 450/3 | €9,574 | €14,580 | +€5,006 | +52.3% |
| Other amounts payable | 47/48 | €283,476 | - | -€283,476 | |
| Accrued charges and deferred income | 492/3 | €160,502 | €154,058 | -€6,444 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €524,353 | €532,699 | +€8,346 | +1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,231 | +€24,231 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €363,169 | €794,040 | +€430,871 | +119% |
| Operating profit (loss) | 9901 | -€162,152 | €236,112 | +€398,264 | |
| Financial income | 75/76B | €35,317 | €93,181 | +€57,864 | +164% |
| Recurring financial income | 75 | €35,317 | €93,181 | +€57,864 | +164% |
| Financial charges | 65/66B | €473,849 | €480,272 | +€6,423 | +1.4% |
| Recurring financial charges | 65 | €473,849 | €480,272 | +€6,423 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€600,684 | -€150,979 | +€449,705 | +74.9% |
| Profit (loss) for the period | 9904 | -€600,684 | -€150,979 | +€449,705 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€600,684 | -€150,979 | +€449,705 | +74.9% |
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 13 October 2026 via checked.be.