ClarityAdvisory: 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.
What changed
ClarityAdvisory
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€157
2024 · -€8,889+€8,732
Equity
€1.3m
2024 · €1.5m-€124,215
Cash
€1,734
2024 · €17,729-€15,995
Balance sheet total
€2.7m
2024 · €2.2m+€447,183
Largest movements
Assets
- Tangible fixed assets +€547,296
up €547,296 (+54.9%), from €996,196 to €1.5m
of which Land and buildings: +€792,248
- Receivables after one year -€114,500
down €114,500 (-100%), from €114,500 to €0
- Receivables within one year +€34,420
up €34,420 (+8.1%), from €424,780 to €459,200
of which Other amounts receivable: +€19,500
Equity and liabilities
- Other debts +€628,283
up €628,283 (+505%), from €124,378 to €752,662
- Reserves -€126,512
down €126,512 (-9.0%), from €1.4m to €1.3m
of which Distributable reserves: -€124,058
- Debts after one year -€62,142
down €62,142 (-11.6%), from €534,870 to €472,728
- Current portion of long-term debt -€28,034
down €28,034 (-31.1%), from €90,176 to €62,142
Income statement
- Gross operating margin +€65,866
up €65,866 (+179%), from €36,778 to €102,644
- Taxes +€16,889
up €16,889 (+226%), from €7,475 to €24,363
- Financial charges +€14,799
up €14,799 (+104%), from €14,184 to €28,983
- Depreciation +€14,371
up €14,371 (+48.9%), from €29,387 to €43,758
- Write-downs +€5,990
new in 2025: €5,990
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.
Result 2024
-€8,889
Gross operating margin
+€65,866
Depreciation
-€14,371
Write-downs
-€5,990
Other operating charges
-€1,534
Other operating items
-€1,100
Financial income
-€2,844
Financial charges
-€14,799
Taxes
-€16,889
Deferred taxes and other
+€393
Result 2025
-€157
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€789,293
Investment
-€591,053
Financing
-€214,234
Cash 2024
€17,729
From operations (derived)
+€789,293
Net result for the year
-€157
Depreciation
+€43,758
Receivables after one year
+€114,500
Receivables within one year
-€34,420
Deferred charges and accrued income
+€4,038
Provisions
-€818
Trade debts
+€14,845
Tax, wage and social debts
+€8,745
Other debts
+€628,283
Accrued charges and deferred income
+€10,519
Investment (derived)
-€591,053
Investment in fixed assets (net)
-€591,053
Financing
-€214,234
Debts after one year
-€62,142
Current portion of long-term debt
-€28,034
Contributions, distributions and other
-€124,058
Cash 2025
€1,734
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,247,291 | €2,694,474 | +€447,183 | +19.9% |
| Fixed assets | 21/28 | €1,666,696 | €2,213,992 | +€547,296 | +32.8% |
| Tangible fixed assets | 22/27 | €996,196 | €1,543,492 | +€547,296 | +54.9% |
| Land and buildings | 22 | €704,636 | €1,496,884 | +€792,248 | +112% |
| Plant, machinery and equipment | 23 | €1,820 | €1,263 | -€557 | -30.6% |
| Furniture and vehicles | 24 | €59,835 | €45,345 | -€14,490 | -24.2% |
| Assets under construction and advance payments | 27 | €229,905 | €0 | -€229,905 | -100% |
| Financial fixed assets | 28 | €670,500 | €670,500 | = | 0.0% |
| Current assets | 29/58 | €580,595 | €480,482 | -€100,113 | -17.2% |
| Amounts receivable after more than one year | 29 | €114,500 | €0 | -€114,500 | -100% |
| Other amounts receivable | 291 | €114,500 | €0 | -€114,500 | -100% |
| Amounts receivable within one year | 40/41 | €424,780 | €459,200 | +€34,420 | +8.1% |
| Trade receivables | 40 | €105,780 | €120,700 | +€14,920 | +14.1% |
| Other amounts receivable | 41 | €319,000 | €338,500 | +€19,500 | +6.1% |
| Cash at bank and in hand | 54/58 | €17,729 | €1,734 | -€15,995 | -90.2% |
| Deferred charges and accrued income | 490/1 | €23,587 | €19,548 | -€4,038 | -17.1% |
| Total equity and liabilities | 10/49 | €2,247,291 | €2,694,474 | +€447,183 | +19.9% |
| Equity | 10/15 | €1,450,209 | €1,325,994 | -€124,215 | -8.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,413,066 | €1,286,554 | -€126,512 | -9.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €69,676 | €67,222 | -€2,454 | -3.5% |
| Distributable reserves | 133 | €1,340,889 | €1,216,832 | -€124,058 | -9.3% |
| Profit (loss) carried forward | 14 | €17,143 | €19,440 | +€2,297 | +13.4% |
| Provisions and deferred taxes | 16 | €23,226 | €22,407 | -€818 | -3.5% |
| Deferred taxes | 168 | €23,226 | €22,407 | -€818 | -3.5% |
| Amounts payable | 17/49 | €773,857 | €1,346,073 | +€572,216 | +73.9% |
| Amounts payable after more than one year | 17 | €534,870 | €472,728 | -€62,142 | -11.6% |
| Financial debts | 170/4 | €534,870 | €472,728 | -€62,142 | -11.6% |
| Amounts payable within one year | 42/48 | €235,127 | €858,966 | +€623,839 | +265% |
| Current portion of amounts payable after more than one year | 42 | €90,176 | €62,142 | -€28,034 | -31.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,519 | €18,365 | +€14,845 | +422% |
| Suppliers | 440/4 | €3,519 | €18,365 | +€14,845 | +422% |
| Taxes, remuneration and social security | 45 | €17,053 | €25,797 | +€8,745 | +51.3% |
| Taxes | 450/3 | €17,053 | €25,797 | +€8,745 | +51.3% |
| Other amounts payable | 47/48 | €124,378 | €752,662 | +€628,283 | +505% |
| Accrued charges and deferred income | 492/3 | €3,860 | €14,379 | +€10,519 | +272% |
| Non-recurring operating income | 76A | €41,735 | €0 | -€41,735 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,387 | €43,758 | +€14,371 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,990 | +€5,990 | |
| Other operating charges | 640/8 | €6,351 | €7,886 | +€1,534 | +24.2% |
| Non-recurring operating charges | 66A | - | €1,100 | +€1,100 | |
| Gross operating margin | 9900 | €36,778 | €102,644 | +€65,866 | +179% |
| Operating profit (loss) | 9901 | €1,040 | €43,911 | +€42,871 | +4,123% |
| Financial income | 75/76B | €11,304 | €8,460 | -€2,844 | -25.2% |
| Recurring financial income | 75 | €11,304 | €8,460 | -€2,844 | -25.2% |
| Financial charges | 65/66B | €14,184 | €28,983 | +€14,799 | +104% |
| Recurring financial charges | 65 | €14,184 | €28,983 | +€14,799 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€1,840 | €23,388 | +€25,228 | |
| Transfer from deferred taxes | 780 | €425 | €818 | +€393 | +92.3% |
| Income taxes | 67/77 | €7,475 | €24,363 | +€16,889 | +226% |
| Profit (loss) for the period | 9904 | -€8,889 | -€157 | +€8,732 | +98.2% |
| Transfer from tax-exempt reserves | 789 | €1,276 | €2,454 | +€1,178 | +92.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,613 | €2,297 | +€9,911 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.