CLARUS: 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.
CLARUS
Largest movements
- Tangible fixed assets +€32,484
up €32,484 (+3.8%), from €861,861 to €894,344
of which Land and buildings: +€32,484
- Cash +€32,019
up €32,019 (+41.5%), from €77,237 to €109,256
mainly Net result for the year (+€38,146) and Depreciation (+€27,516)
- Profit (loss) carried forward +€38,146
up €38,146 (+42.5%), from €89,691 to €127,837
- Other debts +€15,105
up €15,105 (+3.9%), from €384,783 to €399,889
- Gross operating margin +€17,845
up €17,845 (+29.1%), from €61,348 to €79,193
- Taxes +€2,570
up €2,570 (+26.7%), from €9,617 to €12,188
- Depreciation +€2,119
up €2,119 (+8.3%), from €25,397 to €27,516
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,618 | €1,067,197 | +€64,579 | +6.4% |
| Fixed assets | 21/28 | €862,111 | €894,594 | +€32,484 | +3.8% |
| Tangible fixed assets | 22/27 | €861,861 | €894,344 | +€32,484 | +3.8% |
| Land and buildings | 22 | €393,844 | €426,328 | +€32,484 | +8.2% |
| Other tangible fixed assets | 26 | €468,017 | €468,017 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €140,507 | €172,602 | +€32,095 | +22.8% |
| Amounts receivable within one year | 40/41 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €77,237 | €109,256 | +€32,019 | +41.5% |
| Deferred charges and accrued income | 490/1 | €58,271 | €58,347 | +€76 | +0.1% |
| Total equity and liabilities | 10/49 | €1,002,618 | €1,067,197 | +€64,579 | +6.4% |
| Equity | 10/15 | €564,790 | €602,936 | +€38,146 | +6.8% |
| Contributions | 10/11 | €472,000 | €472,000 | = | 0.0% |
| Capital | 10 | €472,000 | €472,000 | = | 0.0% |
| Issued capital | 100 | €472,000 | €472,000 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,691 | €127,837 | +€38,146 | +42.5% |
| Amounts payable | 17/49 | €437,828 | €464,261 | +€26,433 | +6.0% |
| Amounts payable after more than one year | 17 | €3,061 | €3,061 | = | 0.0% |
| Other amounts payable | 178/9 | €3,061 | €3,061 | = | 0.0% |
| Amounts payable within one year | 42/48 | €402,755 | €427,338 | +€24,583 | +6.1% |
| Trade debts | 44 | €8,355 | €15,262 | +€6,907 | +82.7% |
| Suppliers | 440/4 | €8,355 | €15,262 | +€6,907 | +82.7% |
| Taxes, remuneration and social security | 45 | €9,617 | €12,188 | +€2,570 | +26.7% |
| Taxes | 450/3 | €9,617 | €12,188 | +€2,570 | +26.7% |
| Other amounts payable | 47/48 | €384,783 | €399,889 | +€15,105 | +3.9% |
| Accrued charges and deferred income | 492/3 | €32,011 | €33,861 | +€1,850 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,397 | €27,516 | +€2,119 | +8.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €61,348 | €79,193 | +€17,845 | +29.1% |
| Operating profit (loss) | 9901 | €34,983 | €50,678 | +€15,695 | +44.9% |
| Financial charges | 65/66B | €344 | €345 | +€2 | +0.4% |
| Recurring financial charges | 65 | €344 | €345 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €34,640 | €50,333 | +€15,694 | +45.3% |
| Income taxes | 67/77 | €9,617 | €12,188 | +€2,570 | +26.7% |
| Profit (loss) for the period | 9904 | €25,023 | €38,146 | +€13,123 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,023 | €38,146 | +€13,123 | +52.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.