CLARINVAL GUY: 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.
CLARINVAL GUY
Largest movements
- Receivables within one year -€94,977
down €94,977 (-13.4%), from €707,408 to €612,432
of which Trade receivables: -€104,902
- Cash +€89,798
up €89,798 (+55.9%), from €160,613 to €250,411
mainly Depreciation (+€165,745) and Net result for the year (+€117,420)
- Stocks and contracts +€45,819
up €45,819 (+5.7%), from €806,900 to €852,719
- Short-term financial debts -€135,072
down €135,072 (-85.6%), from €157,857 to €22,784
- Advances received +€104,886
up €104,886 (+128%), from €82,094 to €186,980
- Tax, wage and social debts +€72,390
up €72,390 (+52.4%), from €138,091 to €210,481
of which Remuneration and social security: +€84,339
- Profit (loss) carried forward +€67,420
up €67,420 (+14.2%), from €475,372 to €542,792
- Current portion of long-term debt -€58,991
down €58,991 (-44.1%), from €133,766 to €74,775
- Staff costs +€269,980
up €269,980 (+19.6%), from €1.4m to €1.6m
- Gross operating margin +€230,745
up €230,745 (+13.5%), from €1.7m to €1.9m
- Financial income +€50,000
new in 2025: €50,000
- Other operating charges -€27,088
down €27,088 (-61.3%), from €44,214 to €17,125
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 | €2,228,813 | €2,277,103 | +€48,289 | +2.2% |
| Fixed assets | 21/28 | €520,992 | €526,067 | +€5,076 | +1.0% |
| Intangible fixed assets | 21 | €2,615 | €1,635 | -€980 | -37.5% |
| Tangible fixed assets | 22/27 | €488,377 | €494,432 | +€6,056 | +1.2% |
| Plant, machinery and equipment | 23 | €52,459 | €132,692 | +€80,232 | +153% |
| Furniture and vehicles | 24 | €336,477 | €304,571 | -€31,906 | -9.5% |
| Leasing and similar rights | 25 | €87,214 | €49,464 | -€37,750 | -43.3% |
| Other tangible fixed assets | 26 | €12,226 | €7,705 | -€4,521 | -37.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €1,707,822 | €1,751,035 | +€43,213 | +2.5% |
| Stocks and contracts in progress | 3 | €806,900 | €852,719 | +€45,819 | +5.7% |
| Stocks | 30/36 | €806,900 | €852,719 | +€45,819 | +5.7% |
| Amounts receivable within one year | 40/41 | €707,408 | €612,432 | -€94,977 | -13.4% |
| Trade receivables | 40 | €579,010 | €474,108 | -€104,902 | -18.1% |
| Other amounts receivable | 41 | €128,398 | €138,324 | +€9,925 | +7.7% |
| Cash at bank and in hand | 54/58 | €160,613 | €250,411 | +€89,798 | +55.9% |
| Deferred charges and accrued income | 490/1 | €32,901 | €35,473 | +€2,573 | +7.8% |
| Total equity and liabilities | 10/49 | €2,228,813 | €2,277,103 | +€48,289 | +2.2% |
| Equity | 10/15 | €786,372 | €853,792 | +€67,420 | +8.6% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €51,000 | €51,000 | = | 0.0% |
| Distributable reserves | 133 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €475,372 | €542,792 | +€67,420 | +14.2% |
| Amounts payable | 17/49 | €1,442,442 | €1,423,311 | -€19,131 | -1.3% |
| Amounts payable after more than one year | 17 | €71,745 | €93,601 | +€21,857 | +30.5% |
| Financial debts | 170/4 | €71,745 | €93,601 | +€21,857 | +30.5% |
| Amounts payable within one year | 42/48 | €1,370,697 | €1,329,709 | -€40,988 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €133,766 | €74,775 | -€58,991 | -44.1% |
| Financial debts | 43 | €157,857 | €22,784 | -€135,072 | -85.6% |
| Credit institutions | 430/8 | €157,857 | €22,784 | -€135,072 | -85.6% |
| Trade debts | 44 | €718,890 | €694,689 | -€24,201 | -3.4% |
| Suppliers | 440/4 | €718,890 | €694,689 | -€24,201 | -3.4% |
| Advances received on contracts in progress | 46 | €82,094 | €186,980 | +€104,886 | +128% |
| Taxes, remuneration and social security | 45 | €138,091 | €210,481 | +€72,390 | +52.4% |
| Taxes | 450/3 | €14,350 | €2,401 | -€11,949 | -83.3% |
| Remuneration and social security | 454/9 | €123,741 | €208,080 | +€84,339 | +68.2% |
| Other amounts payable | 47/48 | €140,000 | €140,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,374,615 | €1,644,595 | +€269,980 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,235 | €165,745 | -€8,491 | -4.9% |
| Other operating charges | 640/8 | €44,214 | €17,125 | -€27,088 | -61.3% |
| Gross operating margin | 9900 | €1,706,540 | €1,937,286 | +€230,745 | +13.5% |
| Operating profit (loss) | 9901 | €113,477 | €109,821 | -€3,656 | -3.2% |
| Financial income | 75/76B | - | €50,000 | +€50,000 | |
| Recurring financial income | 75 | - | €50,000 | +€50,000 | |
| Financial charges | 65/66B | €20,205 | €15,956 | -€4,249 | -21.0% |
| Recurring financial charges | 65 | €20,205 | €15,956 | -€4,249 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €93,272 | €143,865 | +€50,593 | +54.2% |
| Income taxes | 67/77 | €39,614 | €26,445 | -€13,169 | -33.2% |
| Profit (loss) for the period | 9904 | €53,658 | €117,420 | +€63,762 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €53,658 | €117,420 | +€63,762 | +119% |
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 16 October 2026 via checked.be.