CLARION: 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.
CLARION
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€6,160
up €6,160 (+2069.3%), from €298 to €6,457
- Other operating charges +€106
up €106 (+3.2%), from €3,356 to €3,462
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €554,698 | €554,909 | +€210 | 0.0% |
| Fixed assets | 21/28 | €554,698 | €554,698 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,315 | €16,315 | = | 0.0% |
| Land and buildings | 22 | €16,315 | €16,315 | = | 0.0% |
| Financial fixed assets | 28 | €538,384 | €538,384 | = | 0.0% |
| Current assets | 29/58 | - | €210 | +€210 | |
| Amounts receivable within one year | 40/41 | - | €210 | +€210 | |
| Other amounts receivable | 41 | - | €210 | +€210 | |
| Total equity and liabilities | 10/49 | €554,698 | €554,909 | +€210 | 0.0% |
| Equity | 10/15 | €409,021 | €412,056 | +€3,036 | +0.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €285,074 | €288,110 | +€3,036 | +1.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €266,324 | €269,360 | +€3,036 | +1.1% |
| Amounts payable | 17/49 | €145,678 | €142,852 | -€2,825 | -1.9% |
| Amounts payable after more than one year | 17 | €43,381 | €43,381 | = | 0.0% |
| Financial debts | 170/4 | €43,381 | €43,381 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,296 | €99,471 | -€2,825 | -2.8% |
| Other amounts payable | 47/48 | €102,296 | €99,471 | -€2,825 | -2.8% |
| Other operating charges | 640/8 | €3,356 | €3,462 | +€106 | +3.2% |
| Gross operating margin | 9900 | €298 | €6,457 | +€6,160 | +2069.3% |
| Operating profit (loss) | 9901 | -€3,058 | €2,996 | +€6,054 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Profit (loss) for the period before taxes | 9903 | -€3,058 | €3,036 | +€6,094 | |
| Profit (loss) for the period | 9904 | -€3,058 | €3,036 | +€6,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,058 | €3,036 | +€6,094 |
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 3 October 2026 via checked.be.