CLARINVAL CONSTRUCTIONS: 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
CLARINVAL CONSTRUCTIONS
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,688
2024 · €269,317-€230,629
Equity
€1.9m
2024 · €1.9m+€37,258
Cash
€445,326
2024 · €536,862-€91,537
Balance sheet total
€4.9m
2024 · €4.9m+€10,384
Largest movements
Assets
- Stocks and contracts +€296,547
up €296,547 (+22.5%), from €1.3m to €1.6m
of which Contracts in progress: +€293,950
- Tangible fixed assets -€133,928
down €133,928 (-14.5%), from €920,978 to €787,050
of which Furniture and vehicles: -€86,844
- Cash -€91,537
down €91,537 (-17.1%), from €536,862 to €445,326
mainly Stocks and contracts (-€296,547) and Debts after one year (-€191,119)
- Receivables within one year -€56,373
down €56,373 (-3.0%), from €1.9m to €1.8m
of which Trade receivables: -€62,731
Equity and liabilities
- Trade debts +€328,665
up €328,665 (+22.3%), from €1.5m to €1.8m
- Debts after one year -€191,119
down €191,119 (-22.5%), from €851,173 to €660,054
of which Financial debts: -€114,171
- Reserves +€144,067
up €144,067 (+11.1%), from €1.3m to €1.4m
of which Distributable reserves: +€207,217
- Profit (loss) carried forward -€105,379
down €105,379 (-50.9%), from €207,217 to €101,838
- Tax, wage and social debts -€67,187
down €67,187 (-23.2%), from €289,532 to €222,345
of which Taxes: -€65,512
Income statement
- Goods and materials +€665,436
up €665,436 (+10.0%), from €6.6m to €7.3m
of which Purchases: +€746,141
- Turnover -€199,801
down €199,801 (-1.9%), from €10.5m to €10.3m
- Staff costs -€184,528
down €184,528 (-8.5%), from €2.2m to €2.0m
- Services and other goods +€121,669
up €121,669 (+10.9%), from €1.1m to €1.2m
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.
Result 2024
€269,317
Turnover
-€199,801
Other operating income
-€65,059
Goods and materials
-€665,436
Services and other goods
-€121,669
Staff costs
+€184,528
Depreciation
-€7,126
Write-downs
-€36,161
Provisions
+€30,000
Other operating charges
+€808
Other operating items
+€552,773
Financial income
+€26,216
Financial charges
+€10,806
Taxes
+€59,491
Result 2025
€38,688
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.
From operations
+€143,932
Investment
-€34,474
Financing
-€200,994
Cash 2024
€536,862
From operations (derived)
+€143,932
Net result for the year
+€38,688
Depreciation
+€171,484
Stocks and contracts
-€296,547
Receivables within one year
+€56,373
Deferred charges and accrued income
+€1,243
Provisions
-€30,000
Trade debts
+€328,665
Tax, wage and social debts
-€67,187
Advances received
-€24,193
Other debts
-€35,000
Accrued charges and deferred income
+€405
Investment (derived)
-€34,474
Investment in fixed assets (net)
-€34,474
Financing
-€200,994
Debts after one year
-€191,119
Current portion of long-term debt
-€8,296
Short-term financial debts
-€149
Contributions, distributions and other
-€1,430
Cash 2025
€445,326
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,890,276 | €4,900,660 | +€10,384 | +0.2% |
| Fixed assets | 21/28 | €931,876 | €794,866 | -€137,010 | -14.7% |
| Intangible fixed assets | 21 | €7,914 | €4,831 | -€3,083 | -39.0% |
| Tangible fixed assets | 22/27 | €920,978 | €787,050 | -€133,928 | -14.5% |
| Land and buildings | 22 | €652,446 | €604,352 | -€48,094 | -7.4% |
| Plant, machinery and equipment | 23 | €21,766 | €22,776 | +€1,011 | +4.6% |
| Furniture and vehicles | 24 | €246,767 | €159,922 | -€86,844 | -35.2% |
| Financial fixed assets | 28 | €2,984 | €2,984 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,984 | €2,984 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,984 | €2,984 | = | 0.0% |
| Current assets | 29/58 | €3,958,400 | €4,105,794 | +€147,394 | +3.7% |
| Stocks and contracts in progress | 3 | €1,317,773 | €1,614,320 | +€296,547 | +22.5% |
| Stocks | 30/36 | €589,471 | €592,068 | +€2,597 | +0.4% |
| Raw materials and consumables | 30/31 | €589,471 | €592,068 | +€2,597 | +0.4% |
| Contracts in progress | 37 | €728,302 | €1,022,252 | +€293,950 | +40.4% |
| Amounts receivable within one year | 40/41 | €1,866,012 | €1,809,639 | -€56,373 | -3.0% |
| Trade receivables | 40 | €1,575,363 | €1,512,632 | -€62,731 | -4.0% |
| Other amounts receivable | 41 | €290,649 | €297,006 | +€6,358 | +2.2% |
| Current investments | 50/53 | €236,130 | €236,130 | = | 0.0% |
| Own shares | 50 | €236,130 | €236,130 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €536,862 | €445,326 | -€91,537 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,623 | €380 | -€1,243 | -76.6% |
| Total equity and liabilities | 10/49 | €4,890,276 | €4,900,660 | +€10,384 | +0.2% |
| Equity | 10/15 | €1,852,949 | €1,890,208 | +€37,258 | +2.0% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €1,301,026 | €1,445,093 | +€144,067 | +11.1% |
| Non-distributable reserves | 130/1 | €236,130 | €236,130 | = | 0.0% |
| Own shares acquired | 1312 | €236,130 | €236,130 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €231,550 | -€63,150 | -21.4% |
| Distributable reserves | 133 | €770,196 | €977,413 | +€207,217 | +26.9% |
| Profit (loss) carried forward | 14 | €207,217 | €101,838 | -€105,379 | -50.9% |
| Investment grants | 15 | €44,706 | €43,276 | -€1,430 | -3.2% |
| Provisions and deferred taxes | 16 | €30,000 | - | -€30,000 | |
| Provisions for liabilities and charges | 160/5 | €30,000 | - | -€30,000 | |
| Other liabilities and charges | 164/5 | €30,000 | - | -€30,000 | |
| Amounts payable | 17/49 | €3,007,327 | €3,010,453 | +€3,126 | +0.1% |
| Amounts payable after more than one year | 17 | €851,173 | €660,054 | -€191,119 | -22.5% |
| Financial debts | 170/4 | €374,193 | €260,022 | -€114,171 | -30.5% |
| Credit institutions | 173 | €374,193 | €260,022 | -€114,171 | -30.5% |
| Other amounts payable | 178/9 | €476,980 | €400,032 | -€76,948 | -16.1% |
| Amounts payable within one year | 42/48 | €2,156,098 | €2,349,937 | +€193,839 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €122,467 | €114,171 | -€8,296 | -6.8% |
| Financial debts | 43 | €20,474 | €20,325 | -€149 | -0.7% |
| Credit institutions | 430/8 | €20,474 | €20,325 | -€149 | -0.7% |
| Trade debts | 44 | €1,475,089 | €1,803,754 | +€328,665 | +22.3% |
| Suppliers | 440/4 | €1,475,089 | €1,803,754 | +€328,665 | +22.3% |
| Advances received on contracts in progress | 46 | €213,535 | €189,342 | -€24,193 | -11.3% |
| Taxes, remuneration and social security | 45 | €289,532 | €222,345 | -€67,187 | -23.2% |
| Taxes | 450/3 | €116,597 | €51,085 | -€65,512 | -56.2% |
| Remuneration and social security | 454/9 | €172,935 | €171,260 | -€1,676 | -1.0% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Accrued charges and deferred income | 492/3 | €56 | €461 | +€405 | +725.2% |
| Operating income | 70/76A | €10,484,548 | €10,772,448 | +€287,900 | +2.7% |
| Turnover | 70 | €10,487,328 | €10,287,526 | -€199,801 | -1.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€252,998 | €293,950 | +€546,948 | |
| Other operating income | 74 | €229,110 | €164,051 | -€65,059 | -28.4% |
| Non-recurring operating income | 76A | €21,109 | €26,921 | +€5,812 | +27.5% |
| Operating charges | 60/66A | €10,074,966 | €10,690,008 | +€615,042 | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €6,627,630 | €7,293,066 | +€665,436 | +10.0% |
| Purchases | 600/8 | €6,549,523 | €7,295,663 | +€746,141 | +11.4% |
| Change in stocks: decrease (increase) | 609 | €78,107 | -€2,597 | -€80,705 | |
| Services and other goods | 61 | €1,120,386 | €1,242,054 | +€121,669 | +10.9% |
| Remuneration, social security and pensions | 62 | €2,167,325 | €1,982,797 | -€184,528 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,359 | €171,484 | +€7,126 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€38,644 | -€2,483 | +€36,161 | +93.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€30,000 | -€30,000 | |
| Other operating charges | 640/8 | €33,391 | €32,583 | -€808 | -2.4% |
| Non-recurring operating charges | 66A | €520 | €507 | -€13 | -2.5% |
| Operating profit (loss) | 9901 | €409,582 | €82,440 | -€327,142 | -79.9% |
| Financial income | 75/76B | €11,282 | €37,498 | +€26,216 | +232.4% |
| Recurring financial income | 75 | €11,282 | €37,498 | +€26,216 | +232.4% |
| Income from current assets | 751 | €9,476 | €35,610 | +€26,134 | +275.8% |
| Other financial income | 752/9 | €1,806 | €1,889 | +€82 | +4.6% |
| Financial charges | 65/66B | €56,909 | €46,103 | -€10,806 | -19.0% |
| Recurring financial charges | 65 | €56,909 | €46,103 | -€10,806 | -19.0% |
| Debt charges | 650 | €50,702 | €40,854 | -€9,847 | -19.4% |
| Other financial charges | 652/9 | €6,208 | €5,249 | -€959 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €363,955 | €73,835 | -€290,120 | -79.7% |
| Income taxes | 67/77 | €94,638 | €35,147 | -€59,491 | -62.9% |
| Taxes | 670/3 | €99,669 | €35,147 | -€64,522 | -64.7% |
| Tax adjustments and reversals of tax provisions | 77 | €5,032 | - | -€5,032 | |
| Profit (loss) for the period | 9904 | €269,317 | €38,688 | -€230,629 | -85.6% |
| Transfer from tax-exempt reserves | 789 | €84,200 | €63,150 | -€21,050 | -25.0% |
| Transfer to tax-exempt reserves | 689 | €126,300 | - | -€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €227,217 | €101,838 | -€125,379 | -55.2% |
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 6 October 2026 via checked.be.