CLARUM VISUM: 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.
CLARUM VISUM
Largest movements
- Receivables within one year -€11,948
down €11,948 (-7.2%), from €164,897 to €152,949
of which Trade receivables: -€8,736
- Cash -€10,943
down €10,943 (-68.0%), from €16,083 to €5,140
mainly Trade debts (-€32,316) and Tax, wage and social debts (-€24,767)
- Tangible fixed assets -€5,486
down €5,486 (-27.4%), from €20,025 to €14,539
of which Furniture and vehicles: -€4,200
- Deferred charges and accrued income +€4,409
new in 2025: €4,409
- Trade debts -€32,316
down €32,316 (-45.3%), from €71,373 to €39,057
- Debts after one year +€25,000
up €25,000 (+31.1%), from €80,410 to €105,410
- Tax, wage and social debts -€24,767
down €24,767 (-90.7%), from €27,311 to €2,544
of which Remuneration and social security: -€24,078
- Other debts +€13,831
up €13,831 (+39.5%), from €35,011 to €48,842
- Profit (loss) carried forward -€5,716
down €5,716 (-29.4%), from -€19,460 to -€25,177
- Gross operating margin -€7,286
down €7,286 (-92.7%), from €7,856 to €571
- Depreciation -€408
down €408 (-6.9%), from €5,894 to €5,486
- Financial charges -€93
down €93 (-24.6%), from €377 to €284
- Financial income +€91
up €91 (+303,000%), from €0 to €91
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 | €201,005 | €177,037 | -€23,969 | -11.9% |
| Fixed assets | 21/28 | €20,025 | €14,539 | -€5,486 | -27.4% |
| Tangible fixed assets | 22/27 | €20,025 | €14,539 | -€5,486 | -27.4% |
| Plant, machinery and equipment | 23 | €4,261 | €2,974 | -€1,286 | -30.2% |
| Furniture and vehicles | 24 | €15,764 | €11,564 | -€4,200 | -26.6% |
| Current assets | 29/58 | €180,980 | €162,498 | -€18,483 | -10.2% |
| Amounts receivable within one year | 40/41 | €164,897 | €152,949 | -€11,948 | -7.2% |
| Trade receivables | 40 | €149,479 | €140,743 | -€8,736 | -5.8% |
| Other amounts receivable | 41 | €15,418 | €12,205 | -€3,213 | -20.8% |
| Cash at bank and in hand | 54/58 | €16,083 | €5,140 | -€10,943 | -68.0% |
| Deferred charges and accrued income | 490/1 | - | €4,409 | +€4,409 | |
| Total equity and liabilities | 10/49 | €201,005 | €177,037 | -€23,969 | -11.9% |
| Equity | 10/15 | -€13,260 | -€18,977 | -€5,716 | -43.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,460 | -€25,177 | -€5,716 | -29.4% |
| Amounts payable | 17/49 | €214,266 | €196,013 | -€18,253 | -8.5% |
| Amounts payable after more than one year | 17 | €80,410 | €105,410 | +€25,000 | +31.1% |
| Financial debts | 170/4 | €80,410 | €105,410 | +€25,000 | +31.1% |
| Amounts payable within one year | 42/48 | €133,695 | €90,443 | -€43,253 | -32.4% |
| Trade debts | 44 | €71,373 | €39,057 | -€32,316 | -45.3% |
| Suppliers | 440/4 | €71,373 | €39,057 | -€32,316 | -45.3% |
| Taxes, remuneration and social security | 45 | €27,311 | €2,544 | -€24,767 | -90.7% |
| Taxes | 450/3 | €2,063 | €1,374 | -€689 | -33.4% |
| Remuneration and social security | 454/9 | €25,248 | €1,170 | -€24,078 | -95.4% |
| Other amounts payable | 47/48 | €35,011 | €48,842 | +€13,831 | +39.5% |
| Accrued charges and deferred income | 492/3 | €161 | €161 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,894 | €5,486 | -€408 | -6.9% |
| Other operating charges | 640/8 | €643 | €607 | -€35 | -5.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €7,856 | €571 | -€7,286 | -92.7% |
| Operating profit (loss) | 9901 | €1,320 | -€5,523 | -€6,842 | |
| Financial income | 75/76B | €0 | €91 | +€91 | +303,000% |
| Recurring financial income | 75 | €0 | €91 | +€91 | +303,000% |
| Financial charges | 65/66B | €377 | €284 | -€93 | -24.6% |
| Recurring financial charges | 65 | €377 | €284 | -€93 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €942 | -€5,716 | -€6,659 | |
| Profit (loss) for the period | 9904 | €942 | -€5,716 | -€6,659 | |
| Profit (loss) for the period to be appropriated | 9905 | €942 | -€5,716 | -€6,659 |
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 21 October 2026 via checked.be.