CLARIT: 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.
CLARIT
Largest movements
- Tangible fixed assets +€288,582
up €288,582 (+41.1%), from €702,209 to €990,791
of which Assets under construction and advance payments: +€303,664
- Cash -€140,802
down €140,802 (-76.0%), from €185,267 to €44,465
mainly Investment in fixed assets (net) (-€307,089) and Contributions, distributions and other (-€47,545)
- Other debts +€123,199
up €123,199 (+196%), from €62,762 to €185,961
- Reserves +€23,584
up €23,584 (+4.3%), from €549,637 to €573,221
- Other operating charges -€2,896
down €2,896 (-54.9%), from €5,273 to €2,377
- Gross operating margin -€2,733
down €2,733 (-2.0%), from €133,303 to €130,571
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 | €1,071,302 | €1,224,440 | +€153,137 | +14.3% |
| Fixed assets | 21/28 | €702,209 | €990,791 | +€288,582 | +41.1% |
| Tangible fixed assets | 22/27 | €702,209 | €990,791 | +€288,582 | +41.1% |
| Land and buildings | 22 | €664,944 | €651,720 | -€13,224 | -2.0% |
| Furniture and vehicles | 24 | €31,820 | €27,851 | -€3,969 | -12.5% |
| Other tangible fixed assets | 26 | - | €2,112 | +€2,112 | |
| Assets under construction and advance payments | 27 | €5,445 | €309,109 | +€303,664 | +5,577% |
| Current assets | 29/58 | €369,094 | €233,649 | -€135,445 | -36.7% |
| Amounts receivable within one year | 40/41 | €19,621 | €21,483 | +€1,863 | +9.5% |
| Trade receivables | 40 | €17,129 | €18,641 | +€1,511 | +8.8% |
| Other amounts receivable | 41 | €2,492 | €2,843 | +€351 | +14.1% |
| Current investments | 50/53 | €161,484 | €163,281 | +€1,797 | +1.1% |
| Cash at bank and in hand | 54/58 | €185,267 | €44,465 | -€140,802 | -76.0% |
| Deferred charges and accrued income | 490/1 | €2,722 | €4,419 | +€1,696 | +62.3% |
| Total equity and liabilities | 10/49 | €1,071,302 | €1,224,440 | +€153,137 | +14.3% |
| Equity | 10/15 | €555,837 | €579,421 | +€23,584 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €549,637 | €573,221 | +€23,584 | +4.3% |
| Distributable reserves | 133 | €549,637 | €573,221 | +€23,584 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €515,465 | €645,018 | +€129,553 | +25.1% |
| Amounts payable after more than one year | 17 | €420,408 | €410,479 | -€9,928 | -2.4% |
| Financial debts | 170/4 | €420,408 | €410,479 | -€9,928 | -2.4% |
| Amounts payable within one year | 42/48 | €93,807 | €233,289 | +€139,482 | +149% |
| Current portion of amounts payable after more than one year | 42 | €15,180 | €20,844 | +€5,664 | +37.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,245 | €4,807 | -€1,438 | -23.0% |
| Suppliers | 440/4 | €6,245 | €4,807 | -€1,438 | -23.0% |
| Taxes, remuneration and social security | 45 | €9,621 | €21,677 | +€12,056 | +125% |
| Taxes | 450/3 | €9,621 | €18,485 | +€8,864 | +92.1% |
| Remuneration and social security | 454/9 | €0 | €3,192 | +€3,192 | |
| Other amounts payable | 47/48 | €62,762 | €185,961 | +€123,199 | +196% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Non-recurring operating income | 76A | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,351 | €18,507 | +€156 | +0.8% |
| Other operating charges | 640/8 | €5,273 | €2,377 | -€2,896 | -54.9% |
| Gross operating margin | 9900 | €133,303 | €130,571 | -€2,733 | -2.0% |
| Operating profit (loss) | 9901 | €109,679 | €109,687 | +€8 | 0.0% |
| Financial income | 75/76B | €5,436 | €6,559 | +€1,123 | +20.6% |
| Recurring financial income | 75 | €5,436 | €6,559 | +€1,123 | +20.6% |
| Financial charges | 65/66B | €15,229 | €16,454 | +€1,225 | +8.0% |
| Recurring financial charges | 65 | €15,229 | €16,454 | +€1,225 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €99,886 | €99,791 | -€95 | -0.1% |
| Income taxes | 67/77 | €28,366 | €28,662 | +€296 | +1.0% |
| Profit (loss) for the period | 9904 | €71,520 | €71,129 | -€391 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,520 | €71,129 | -€391 | -0.5% |
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 24 October 2026 via checked.be.