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
- Cash +€34,019
up €34,019 (+213%), from €15,973 to €49,992
mainly Net result for the year (+€57,392) and Depreciation (+€13,481)
- Receivables within one year +€18,712
up €18,712 (+52.6%), from €35,580 to €54,292
of which Trade receivables: +€19,349
- Deferred charges and accrued income +€2,353
up €2,353 (+1,116%), from €211 to €2,564
- Profit (loss) carried forward +€57,392
up €57,392, from -€8,015 to €49,377
- Tax, wage and social debts +€11,641
new in 2025: €11,641
- Debts after one year -€5,331
no longer reported in 2025 (was €5,331)
- Current portion of long-term debt -€4,613
down €4,613 (-46.8%), from €9,856 to €5,243
- Trade debts -€3,484
down €3,484 (-22.1%), from €15,785 to €12,301
- Gross operating margin +€47,619
up €47,619 (+137%), from €34,826 to €82,445
- Taxes +€9,500
new in 2025: €9,500
- Depreciation +€8,896
up €8,896 (+194%), from €4,586 to €13,481
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 | €84,989 | €141,866 | +€56,877 | +66.9% |
| Fixed assets | 21/28 | €33,226 | €35,019 | +€1,793 | +5.4% |
| Tangible fixed assets | 22/27 | €33,226 | €34,579 | +€1,353 | +4.1% |
| Plant, machinery and equipment | 23 | €988 | €2,549 | +€1,561 | +158% |
| Furniture and vehicles | 24 | €32,238 | €32,030 | -€208 | -0.6% |
| Financial fixed assets | 28 | - | €440 | +€440 | |
| Current assets | 29/58 | €51,764 | €106,847 | +€55,084 | +106% |
| Amounts receivable within one year | 40/41 | €35,580 | €54,292 | +€18,712 | +52.6% |
| Trade receivables | 40 | €34,943 | €54,292 | +€19,349 | +55.4% |
| Other amounts receivable | 41 | €637 | - | -€637 | |
| Cash at bank and in hand | 54/58 | €15,973 | €49,992 | +€34,019 | +213% |
| Deferred charges and accrued income | 490/1 | €211 | €2,564 | +€2,353 | +1,116% |
| Total equity and liabilities | 10/49 | €84,989 | €141,866 | +€56,877 | +66.9% |
| Equity | 10/15 | €12,445 | €69,837 | +€57,392 | +461% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,015 | €49,377 | +€57,392 | |
| Amounts payable | 17/49 | €72,544 | €72,029 | -€515 | -0.7% |
| Amounts payable after more than one year | 17 | €5,331 | - | -€5,331 | |
| Financial debts | 170/4 | €5,331 | - | -€5,331 | |
| Amounts payable within one year | 42/48 | €66,907 | €72,029 | +€5,122 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €9,856 | €5,243 | -€4,613 | -46.8% |
| Trade debts | 44 | €15,785 | €12,301 | -€3,484 | -22.1% |
| Suppliers | 440/4 | €15,785 | €12,301 | -€3,484 | -22.1% |
| Taxes, remuneration and social security | 45 | - | €11,641 | +€11,641 | |
| Taxes | 450/3 | - | €11,641 | +€11,641 | |
| Other amounts payable | 47/48 | €41,266 | €42,845 | +€1,579 | +3.8% |
| Accrued charges and deferred income | 492/3 | €307 | - | -€307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,586 | €13,481 | +€8,896 | +194% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€754 | - | +€754 | |
| Other operating charges | 640/8 | €1,548 | €799 | -€748 | -48.4% |
| Non-recurring operating charges | 66A | €19,100 | - | -€19,100 | |
| Gross operating margin | 9900 | €34,826 | €82,445 | +€47,619 | +137% |
| Operating profit (loss) | 9901 | €10,347 | €68,164 | +€57,817 | +559% |
| Financial charges | 65/66B | €1,566 | €1,272 | -€295 | -18.8% |
| Recurring financial charges | 65 | €1,566 | €1,272 | -€295 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €8,780 | €66,892 | +€58,112 | +662% |
| Income taxes | 67/77 | - | €9,500 | +€9,500 | |
| Profit (loss) for the period | 9904 | €8,780 | €57,392 | +€48,612 | +554% |
| Profit (loss) for the period to be appropriated | 9905 | €8,780 | €57,392 | +€48,612 | +554% |
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 20 October 2026 via checked.be.