CLARINVAL IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€87,082
down €87,082 (-3.4%), from €2.6m to €2.5m
of which Land and buildings: -€89,423
- Cash +€29,227
up €29,227 (+31.0%), from €94,345 to €123,571
mainly Depreciation (+€93,082) and Accrued charges and deferred income (+€20,883)
- Debts after one year -€75,994
down €75,994 (-43.9%), from €172,970 to €96,976
of which Financial debts: -€77,234
- Gross operating margin -€52,277
down €52,277 (-23.6%), from €221,059 to €168,782
- Depreciation -€30,574
down €30,574 (-24.7%), from €123,656 to €93,082
- Financial charges +€3,398
up €3,398 (+16.8%), from €20,276 to €23,674
- Other operating charges +€2,843
up €2,843 (+7.9%), from €36,166 to €39,009
- Taxes -€2,550
down €2,550 (-91.1%), from €2,800 to €250
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,747,413 | €2,684,154 | -€63,259 | -2.3% |
| Fixed assets | 21/28 | €2,581,636 | €2,494,554 | -€87,082 | -3.4% |
| Tangible fixed assets | 22/27 | €2,581,586 | €2,494,504 | -€87,082 | -3.4% |
| Land and buildings | 22 | €2,570,581 | €2,481,158 | -€89,423 | -3.5% |
| Plant, machinery and equipment | 23 | €11,005 | €13,346 | +€2,341 | +21.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €165,777 | €189,600 | +€23,823 | +14.4% |
| Stocks and contracts in progress | 3 | €42,034 | €42,034 | = | 0.0% |
| Stocks | 30/36 | €42,034 | €42,034 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,976 | €18,977 | -€5,999 | -24.0% |
| Trade receivables | 40 | €24,976 | €18,977 | -€5,999 | -24.0% |
| Cash at bank and in hand | 54/58 | €94,345 | €123,571 | +€29,227 | +31.0% |
| Deferred charges and accrued income | 490/1 | €4,422 | €5,018 | +€596 | +13.5% |
| Total equity and liabilities | 10/49 | €2,747,413 | €2,684,154 | -€63,259 | -2.3% |
| Equity | 10/15 | €1,973,442 | €1,975,981 | +€2,539 | +0.1% |
| Contributions | 10/11 | €1,425,300 | €1,425,300 | = | 0.0% |
| Reserves | 13 | €438,514 | €441,014 | +€2,500 | +0.6% |
| Non-distributable reserves | 130/1 | €33,114 | €33,114 | = | 0.0% |
| Reserves not available under the articles | 1311 | €33,114 | €33,114 | = | 0.0% |
| Tax-exempt reserves | 132 | €47,400 | €47,400 | = | 0.0% |
| Distributable reserves | 133 | €358,000 | €360,500 | +€2,500 | +0.7% |
| Profit (loss) carried forward | 14 | €109,628 | €109,667 | +€39 | 0.0% |
| Amounts payable | 17/49 | €773,971 | €708,173 | -€65,798 | -8.5% |
| Amounts payable after more than one year | 17 | €172,970 | €96,976 | -€75,994 | -43.9% |
| Financial debts | 170/4 | €169,670 | €92,436 | -€77,234 | -45.5% |
| Other amounts payable | 178/9 | €3,300 | €4,540 | +€1,240 | +37.6% |
| Amounts payable within one year | 42/48 | €585,996 | €575,309 | -€10,687 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €86,582 | €77,234 | -€9,348 | -10.8% |
| Financial debts | 43 | €490,418 | €490,418 | = | 0.0% |
| Credit institutions | 430/8 | €490,418 | €490,418 | = | 0.0% |
| Trade debts | 44 | €2,005 | €3,316 | +€1,311 | +65.4% |
| Suppliers | 440/4 | €2,005 | €3,316 | +€1,311 | +65.4% |
| Taxes, remuneration and social security | 45 | €6,990 | €4,341 | -€2,649 | -37.9% |
| Taxes | 450/3 | €4,173 | €695 | -€3,478 | -83.3% |
| Remuneration and social security | 454/9 | €2,817 | €3,646 | +€829 | +29.4% |
| Accrued charges and deferred income | 492/3 | €15,005 | €35,888 | +€20,883 | +139.2% |
| Remuneration, social security and pensions | 62 | €9,225 | €9,793 | +€568 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,656 | €93,082 | -€30,574 | -24.7% |
| Other operating charges | 640/8 | €36,166 | €39,009 | +€2,843 | +7.9% |
| Non-recurring operating charges | 66A | €110 | €435 | +€325 | +295.5% |
| Gross operating margin | 9900 | €221,059 | €168,782 | -€52,277 | -23.6% |
| Operating profit (loss) | 9901 | €51,901 | €26,463 | -€25,439 | -49.0% |
| Financial charges | 65/66B | €20,276 | €23,674 | +€3,398 | +16.8% |
| Recurring financial charges | 65 | €20,276 | €23,674 | +€3,398 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €31,626 | €2,789 | -€28,837 | -91.2% |
| Income taxes | 67/77 | €2,800 | €250 | -€2,550 | -91.1% |
| Profit (loss) for the period | 9904 | €28,826 | €2,539 | -€26,287 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,826 | €2,539 | -€26,287 | -91.2% |
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 11 October 2026 via checked.be.