Clario: 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.
Clario
Largest movements
- Current investments -€428,981
down €428,981 (-38.4%), from €1.1m to €689,242
- Cash +€395,444
up €395,444 (+155%), from €255,275 to €650,719
mainly Current investments (+€428,981) and Depreciation (+€244,425)
- Tangible fixed assets -€135,930
down €135,930 (-32.0%), from €424,589 to €288,659
of which Furniture and vehicles: -€85,687
- Intangible fixed assets -€89,803
down €89,803 (-25.0%), from €358,575 to €268,772
- Reserves -€132,165
down €132,165 (-10.8%), from €1.2m to €1.1m
of which Distributable reserves: -€122,187
- Tax, wage and social debts -€92,964
down €92,964 (-49.5%), from €187,836 to €94,872
of which Remuneration and social security: -€65,259
- Debts after one year -€23,927
down €23,927 (-52.7%), from €45,388 to €21,461
- Staff costs +€54,146
up €54,146 (+7.6%), from €713,899 to €768,045
- Financial income +€38,011
up €38,011 (+230%), from €16,542 to €54,554
- Depreciation -€14,326
down €14,326 (-5.5%), from €258,751 to €244,425
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 | €2,251,824 | €1,996,523 | -€255,301 | -11.3% |
| Fixed assets | 21/28 | €785,756 | €560,023 | -€225,733 | -28.7% |
| Intangible fixed assets | 21 | €358,575 | €268,772 | -€89,803 | -25.0% |
| Tangible fixed assets | 22/27 | €424,589 | €288,659 | -€135,930 | -32.0% |
| Land and buildings | 22 | €60,900 | €41,859 | -€19,041 | -31.3% |
| Plant, machinery and equipment | 23 | €14,202 | €13,565 | -€637 | -4.5% |
| Furniture and vehicles | 24 | €164,980 | €79,293 | -€85,687 | -51.9% |
| Other tangible fixed assets | 26 | €184,507 | €153,942 | -€30,565 | -16.6% |
| Financial fixed assets | 28 | €2,593 | €2,593 | = | 0.0% |
| Current assets | 29/58 | €1,466,068 | €1,436,500 | -€29,568 | -2.0% |
| Amounts receivable within one year | 40/41 | €10,045 | €8,393 | -€1,652 | -16.4% |
| Trade receivables | 40 | €6 | €0 | -€6 | -100% |
| Other amounts receivable | 41 | €10,039 | €8,393 | -€1,646 | -16.4% |
| Current investments | 50/53 | €1,118,223 | €689,242 | -€428,981 | -38.4% |
| Cash at bank and in hand | 54/58 | €255,275 | €650,719 | +€395,444 | +155% |
| Deferred charges and accrued income | 490/1 | €82,525 | €88,145 | +€5,621 | +6.8% |
| Total equity and liabilities | 10/49 | €2,251,824 | €1,996,523 | -€255,301 | -11.3% |
| Equity | 10/15 | €1,975,480 | €1,843,315 | -€132,165 | -6.7% |
| Contributions | 10/11 | €747,400 | €747,400 | = | 0.0% |
| Reserves | 13 | €1,228,049 | €1,095,885 | -€132,165 | -10.8% |
| Tax-exempt reserves | 132 | €17,943 | €7,965 | -€9,977 | -55.6% |
| Distributable reserves | 133 | €1,210,107 | €1,087,919 | -€122,187 | -10.1% |
| Profit (loss) carried forward | 14 | €31 | €31 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,926 | €2,600 | -€3,326 | -56.1% |
| Deferred taxes | 168 | €5,926 | €2,600 | -€3,326 | -56.1% |
| Amounts payable | 17/49 | €270,418 | €150,607 | -€119,811 | -44.3% |
| Amounts payable after more than one year | 17 | €45,388 | €21,461 | -€23,927 | -52.7% |
| Financial debts | 170/4 | €45,388 | €21,461 | -€23,927 | -52.7% |
| Amounts payable within one year | 42/48 | €225,030 | €129,146 | -€95,884 | -42.6% |
| Current portion of amounts payable after more than one year | 42 | €23,532 | €23,927 | +€395 | +1.7% |
| Trade debts | 44 | €12,637 | €9,025 | -€3,612 | -28.6% |
| Suppliers | 440/4 | €12,637 | €9,025 | -€3,612 | -28.6% |
| Taxes, remuneration and social security | 45 | €187,836 | €94,872 | -€92,964 | -49.5% |
| Taxes | 450/3 | €35,117 | €7,412 | -€27,705 | -78.9% |
| Remuneration and social security | 454/9 | €152,718 | €87,460 | -€65,259 | -42.7% |
| Other amounts payable | 47/48 | €1,026 | €1,323 | +€297 | +28.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,322 | €0 | -€7,322 | -100% |
| Remuneration, social security and pensions | 62 | €713,899 | €768,045 | +€54,146 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258,751 | €244,425 | -€14,326 | -5.5% |
| Other operating charges | 640/8 | €14,486 | €18,027 | +€3,540 | +24.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,063,384 | €1,073,464 | +€10,080 | +0.9% |
| Operating profit (loss) | 9901 | €76,248 | €42,968 | -€33,280 | -43.6% |
| Financial income | 75/76B | €16,542 | €54,554 | +€38,011 | +230% |
| Recurring financial income | 75 | €16,542 | €54,554 | +€38,011 | +230% |
| Financial charges | 65/66B | €1,099 | -€932 | -€2,031 | |
| Recurring financial charges | 65 | €1,099 | -€932 | -€2,031 | |
| Profit (loss) for the period before taxes | 9903 | €91,692 | €98,454 | +€6,762 | +7.4% |
| Transfer from deferred taxes | 780 | €3,326 | €3,326 | = | 0.0% |
| Income taxes | 67/77 | €44,234 | €50,086 | +€5,852 | +13.2% |
| Profit (loss) for the period | 9904 | €50,783 | €51,694 | +€910 | +1.8% |
| Transfer from tax-exempt reserves | 789 | €9,977 | €9,977 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,760 | €61,671 | +€910 | +1.5% |
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 14 October 2026 via checked.be.