CLARO: 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.
CLARO
Largest movements
- Cash +€35,028
up €35,028 (+36.4%), from €96,244 to €131,272
mainly Net result for the year (+€57,541) and Other debts (+€52,317)
- Receivables within one year -€15,935
down €15,935 (-87.8%), from €18,156 to €2,221
of which Trade receivables: -€15,932
- Tangible fixed assets -€13,308
down €13,308 (-18.9%), from €70,447 to €57,139
of which Furniture and vehicles: -€11,615
- Other debts +€52,317
up €52,317 (+249%), from €21,033 to €73,350
- Reserves -€26,859
down €26,859 (-24.6%), from €109,389 to €82,530
of which Distributable reserves: -€26,859
- Tax, wage and social debts -€13,495
down €13,495 (-46.9%), from €28,775 to €15,280
- Trade debts -€4,602
down €4,602 (-59.7%), from €7,714 to €3,112
- Depreciation +€11,950
up €11,950 (+488%), from €2,448 to €14,398
- Gross operating margin -€3,722
down €3,722 (-4.1%), from €91,487 to €87,765
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 | €185,461 | €192,822 | +€7,361 | +4.0% |
| Fixed assets | 21/28 | €70,447 | €57,139 | -€13,308 | -18.9% |
| Tangible fixed assets | 22/27 | €70,447 | €57,139 | -€13,308 | -18.9% |
| Plant, machinery and equipment | 23 | €939 | €444 | -€495 | -52.7% |
| Furniture and vehicles | 24 | €61,627 | €50,012 | -€11,615 | -18.8% |
| Other tangible fixed assets | 26 | €7,881 | €6,683 | -€1,198 | -15.2% |
| Current assets | 29/58 | €115,014 | €135,683 | +€20,669 | +18.0% |
| Amounts receivable within one year | 40/41 | €18,156 | €2,221 | -€15,935 | -87.8% |
| Trade receivables | 40 | €18,153 | €2,221 | -€15,932 | -87.8% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €96,244 | €131,272 | +€35,028 | +36.4% |
| Deferred charges and accrued income | 490/1 | €614 | €2,190 | +€1,576 | +257% |
| Total equity and liabilities | 10/49 | €185,461 | €192,822 | +€7,361 | +4.0% |
| Equity | 10/15 | €127,939 | €101,080 | -€26,859 | -21.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €109,389 | €82,530 | -€26,859 | -24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €107,529 | €80,670 | -€26,859 | -25.0% |
| Amounts payable | 17/49 | €57,522 | €91,742 | +€34,220 | +59.5% |
| Amounts payable within one year | 42/48 | €57,522 | €91,742 | +€34,220 | +59.5% |
| Trade debts | 44 | €7,714 | €3,112 | -€4,602 | -59.7% |
| Suppliers | 440/4 | €7,714 | €3,112 | -€4,602 | -59.7% |
| Taxes, remuneration and social security | 45 | €28,775 | €15,280 | -€13,495 | -46.9% |
| Taxes | 450/3 | €28,775 | €15,280 | -€13,495 | -46.9% |
| Other amounts payable | 47/48 | €21,033 | €73,350 | +€52,317 | +249% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,448 | €14,398 | +€11,950 | +488% |
| Other operating charges | 640/8 | €364 | €405 | +€41 | +11.3% |
| Gross operating margin | 9900 | €91,487 | €87,765 | -€3,722 | -4.1% |
| Operating profit (loss) | 9901 | €88,675 | €72,962 | -€15,713 | -17.7% |
| Financial income | 75/76B | €1,369 | €515 | -€854 | -62.4% |
| Recurring financial income | 75 | €1,369 | €515 | -€854 | -62.4% |
| Financial charges | 65/66B | €232 | €156 | -€76 | -32.8% |
| Recurring financial charges | 65 | €232 | €156 | -€76 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €89,812 | €73,321 | -€16,491 | -18.4% |
| Income taxes | 67/77 | €15,411 | €15,780 | +€369 | +2.4% |
| Profit (loss) for the period | 9904 | €74,401 | €57,541 | -€16,860 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,401 | €57,541 | -€16,860 | -22.7% |
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 17 October 2026 via checked.be.