CLAROR: 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.
CLAROR
Largest movements
- Receivables within one year -€47,510
down €47,510 (-100.0%), from €47,510 to €0
of which Trade receivables: -€47,499
- Tangible fixed assets -€25,348
down €25,348 (-4.7%), from €541,102 to €515,755
of which Land and buildings: -€24,966
- Debts after one year -€75,971
down €75,971 (-19.0%), from €400,784 to €324,813
of which Financial debts: -€54,757
- Other debts -€45,996
down €45,996 (-14.2%), from €324,144 to €278,147
- Reserves +€40,900
up €40,900 (+118.1%), from €34,617 to €75,517
of which Distributable reserves: +€40,900
- Tax, wage and social debts +€14,916
up €14,916 (+153.9%), from €9,695 to €24,611
- Trade debts -€12,641
down €12,641 (-97.5%), from €12,963 to €322
- Gross operating margin +€23,671
up €23,671 (+36.3%), from €65,240 to €88,912
- Other operating charges -€3,112
down €3,112 (-58.0%), from €5,364 to €2,252
- Financial charges +€2,355
up €2,355 (+13.0%), from €18,057 to €20,412
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
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 | €867,176 | €790,960 | -€76,217 | -8.8% |
| Fixed assets | 21/28 | €813,785 | €788,437 | -€25,348 | -3.1% |
| Tangible fixed assets | 22/27 | €541,102 | €515,755 | -€25,348 | -4.7% |
| Land and buildings | 22 | €539,401 | €514,436 | -€24,966 | -4.6% |
| Plant, machinery and equipment | 23 | €1,701 | €1,319 | -€382 | -22.5% |
| Financial fixed assets | 28 | €272,683 | €272,683 | = | 0.0% |
| Current assets | 29/58 | €53,391 | €2,522 | -€50,869 | -95.3% |
| Amounts receivable within one year | 40/41 | €47,510 | €0 | -€47,510 | -100.0% |
| Trade receivables | 40 | €47,499 | €0 | -€47,499 | -100.0% |
| Other amounts receivable | 41 | €11 | €0 | -€11 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,265 | €849 | -€3,416 | -80.1% |
| Deferred charges and accrued income | 490/1 | €1,616 | €1,673 | +€58 | +3.6% |
| Total equity and liabilities | 10/49 | €867,176 | €790,960 | -€76,217 | -8.8% |
| Equity | 10/15 | €61,885 | €102,786 | +€40,900 | +66.1% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €34,617 | €75,517 | +€40,900 | +118.1% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €31,890 | €72,790 | +€40,900 | +128.3% |
| Amounts payable | 17/49 | €805,291 | €688,174 | -€117,117 | -14.5% |
| Amounts payable after more than one year | 17 | €400,784 | €324,813 | -€75,971 | -19.0% |
| Financial debts | 170/4 | €255,209 | €200,451 | -€54,757 | -21.5% |
| Other amounts payable | 178/9 | €145,575 | €124,362 | -€21,213 | -14.6% |
| Amounts payable within one year | 42/48 | €403,211 | €362,282 | -€40,929 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €56,400 | €59,202 | +€2,802 | +5.0% |
| Financial debts | 43 | €9 | €0 | -€9 | -100.0% |
| Credit institutions | 430/8 | €9 | €0 | -€9 | -100.0% |
| Trade debts | 44 | €12,963 | €322 | -€12,641 | -97.5% |
| Suppliers | 440/4 | €12,963 | €322 | -€12,641 | -97.5% |
| Taxes, remuneration and social security | 45 | €9,695 | €24,611 | +€14,916 | +153.9% |
| Taxes | 450/3 | €9,695 | €24,611 | +€14,916 | +153.9% |
| Other amounts payable | 47/48 | €324,144 | €278,147 | -€45,996 | -14.2% |
| Accrued charges and deferred income | 492/3 | €1,297 | €1,079 | -€217 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,881 | €25,348 | +€466 | +1.9% |
| Other operating charges | 640/8 | €5,364 | €2,252 | -€3,112 | -58.0% |
| Non-recurring operating charges | 66A | €19,993 | €0 | -€19,993 | -100.0% |
| Gross operating margin | 9900 | €65,240 | €88,912 | +€23,671 | +36.3% |
| Operating profit (loss) | 9901 | €15,002 | €61,312 | +€46,310 | +308.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €18,057 | €20,412 | +€2,355 | +13.0% |
| Recurring financial charges | 65 | €18,057 | €20,412 | +€2,355 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,054 | €40,900 | +€43,954 | |
| Profit (loss) for the period | 9904 | -€3,054 | €40,900 | +€43,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,054 | €40,900 | +€43,954 |
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.