CLARUS: what changed
CLARUS
Largest movements
- Current investments +€67,777
up €67,777 (+3,820%), from €1,774 to €69,551
- Cash -€52,948
down €52,948 (-34.7%), from €152,684 to €99,736
mainly Current investments (-€67,777) and Investment in fixed assets (net) (-€41,017)
- Receivables within one year +€26,367
up €26,367 (+9.1%), from €288,837 to €315,204
of which Trade receivables: +€44,407
- Tangible fixed assets -€12,921
down €12,921 (-6.6%), from €196,260 to €183,339
of which Furniture and vehicles: -€14,969
- Profit (loss) carried forward +€58,098
up €58,098 (+49.2%), from €117,979 to €176,077
- Debts after one year -€14,427
down €14,427 (-8.5%), from €168,748 to €154,321
of which Financial debts: -€14,427
- Tax, wage and social debts -€14,036
down €14,036 (-47.7%), from €29,399 to €15,364
of which Remuneration and social security: -€14,958
- Staff costs +€112,905
up €112,905 (+18.4%), from €614,550 to €727,455
- Gross operating margin +€100,209
up €100,209 (+13.3%), from €751,600 to €851,810
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €673,368 | €702,992 | +€29,624 | +4.4% |
| Fixed assets | 21/28 | €221,285 | €208,614 | -€12,671 | -5.7% |
| Tangible fixed assets | 22/27 | €196,260 | €183,339 | -€12,921 | -6.6% |
| Plant, machinery and equipment | 23 | €7,225 | €10,472 | +€3,247 | +44.9% |
| Furniture and vehicles | 24 | €185,435 | €170,466 | -€14,969 | -8.1% |
| Other tangible fixed assets | 26 | €3,600 | €2,400 | -€1,200 | -33.3% |
| Financial fixed assets | 28 | €25,025 | €25,275 | +€250 | +1.0% |
| Current assets | 29/58 | €452,083 | €494,378 | +€42,295 | +9.4% |
| Amounts receivable within one year | 40/41 | €288,837 | €315,204 | +€26,367 | +9.1% |
| Trade receivables | 40 | €242,936 | €287,344 | +€44,407 | +18.3% |
| Other amounts receivable | 41 | €45,901 | €27,860 | -€18,040 | -39.3% |
| Current investments | 50/53 | €1,774 | €69,551 | +€67,777 | +3,820% |
| Cash at bank and in hand | 54/58 | €152,684 | €99,736 | -€52,948 | -34.7% |
| Deferred charges and accrued income | 490/1 | €8,788 | €9,887 | +€1,099 | +12.5% |
| Total equity and liabilities | 10/49 | €673,368 | €702,992 | +€29,624 | +4.4% |
| Equity | 10/15 | €362,821 | €420,919 | +€58,098 | +16.0% |
| Contributions | 10/11 | €93,750 | €93,750 | = | 0.0% |
| Capital | 10 | €93,750 | €93,750 | = | 0.0% |
| Issued capital | 100 | €93,750 | €93,750 | = | 0.0% |
| Reserves | 13 | €151,092 | €151,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,092 | €151,092 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,979 | €176,077 | +€58,098 | +49.2% |
| Amounts payable | 17/49 | €310,546 | €282,072 | -€28,474 | -9.2% |
| Amounts payable after more than one year | 17 | €168,748 | €154,321 | -€14,427 | -8.5% |
| Financial debts | 170/4 | €129,393 | €114,966 | -€14,427 | -11.1% |
| Other amounts payable | 178/9 | €39,355 | €39,355 | = | 0.0% |
| Amounts payable within one year | 42/48 | €141,799 | €127,752 | -€14,047 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €47,074 | €46,578 | -€496 | -1.1% |
| Trade debts | 44 | €65,325 | €65,563 | +€238 | +0.4% |
| Suppliers | 440/4 | €65,325 | €65,563 | +€238 | +0.4% |
| Taxes, remuneration and social security | 45 | €29,399 | €15,364 | -€14,036 | -47.7% |
| Taxes | 450/3 | - | €923 | +€923 | |
| Remuneration and social security | 454/9 | €29,399 | €14,441 | -€14,958 | -50.9% |
| Other amounts payable | 47/48 | - | €246 | +€246 | |
| Remuneration, social security and pensions | 62 | €614,550 | €727,455 | +€112,905 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,769 | €53,688 | +€3,920 | +7.9% |
| Other operating charges | 640/8 | €5,305 | €5,308 | +€3 | +0.1% |
| Gross operating margin | 9900 | €751,600 | €851,810 | +€100,209 | +13.3% |
| Operating profit (loss) | 9901 | €81,976 | €65,358 | -€16,618 | -20.3% |
| Financial income | 75/76B | €7,678 | €600 | -€7,078 | -92.2% |
| Recurring financial income | 75 | €7,678 | €600 | -€7,078 | -92.2% |
| Non-recurring financial income | 76B | €7,678 | - | -€7,678 | |
| Financial charges | 65/66B | €7,252 | €6,925 | -€327 | -4.5% |
| Recurring financial charges | 65 | €7,252 | €6,925 | -€327 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €82,402 | €59,032 | -€23,370 | -28.4% |
| Income taxes | 67/77 | -€6,941 | €934 | +€7,875 | |
| Profit (loss) for the period | 9904 | €89,343 | €58,098 | -€31,245 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,343 | €58,098 | -€31,245 | -35.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.