CLASTINA: 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.
CLASTINA
Largest movements
- Tangible fixed assets +€844,788
up €844,788 (+47.9%), from €1.8m to €2.6m
of which Assets under construction and advance payments: +€863,595
- Receivables within one year -€83,876
down €83,876 (-95.6%), from €87,715 to €3,839
- Short-term financial debts +€1.0m
up €1.0m (+568%), from €176,483 to €1.2m
- Profit (loss) carried forward -€224,492
down €224,492 (-157%), from -€142,587 to -€367,079
- Gross operating margin -€86,845
down €86,845 (-195%), from -€44,642 to -€131,486
- Staff costs -€24,107
no longer reported in 2025 (was €24,107)
- Financial charges +€19,390
up €19,390 (+3,720%), from €521 to €19,911
- Depreciation -€3,392
down €3,392 (-15.3%), from €22,200 to €18,808
- Other operating charges +€3,169
up €3,169 (+6.2%), from €51,118 to €54,286
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,851,261 | €2,612,173 | +€760,911 | +41.1% |
| Fixed assets | 21/28 | €1,763,546 | €2,608,333 | +€844,788 | +47.9% |
| Tangible fixed assets | 22/27 | €1,763,546 | €2,608,333 | +€844,788 | +47.9% |
| Land and buildings | 22 | €715,572 | €699,177 | -€16,395 | -2.3% |
| Furniture and vehicles | 24 | €18,659 | €16,247 | -€2,412 | -12.9% |
| Assets under construction and advance payments | 27 | €1,029,315 | €1,892,910 | +€863,595 | +83.9% |
| Current assets | 29/58 | €87,715 | €3,839 | -€83,876 | -95.6% |
| Amounts receivable within one year | 40/41 | €87,715 | €3,839 | -€83,876 | -95.6% |
| Other amounts receivable | 41 | €87,715 | €3,839 | -€83,876 | -95.6% |
| Total equity and liabilities | 10/49 | €1,851,261 | €2,612,173 | +€760,911 | +41.1% |
| Equity | 10/15 | €1,624,908 | €1,400,416 | -€224,492 | -13.8% |
| Contributions | 10/11 | €1,302,000 | €1,302,000 | = | 0.0% |
| Capital | 10 | €1,302,000 | €1,302,000 | = | 0.0% |
| Issued capital | 100 | €1,302,000 | €1,302,000 | = | 0.0% |
| Reserves | 13 | €465,495 | €465,495 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200,912 | €200,912 | = | 0.0% |
| Legal reserve | 130 | €200,912 | €200,912 | = | 0.0% |
| Distributable reserves | 133 | €264,583 | €264,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,587 | -€367,079 | -€224,492 | -157% |
| Amounts payable | 17/49 | €226,354 | €1,211,756 | +€985,403 | +435% |
| Amounts payable within one year | 42/48 | €206,235 | €1,183,556 | +€977,322 | +474% |
| Financial debts | 43 | €176,483 | €1,178,937 | +€1.0m | +568% |
| Credit institutions | 430/8 | €176,483 | €1,178,937 | +€1.0m | +568% |
| Trade debts | 44 | €29,751 | €4,619 | -€25,132 | -84.5% |
| Suppliers | 440/4 | €29,751 | €4,619 | -€25,132 | -84.5% |
| Accrued charges and deferred income | 492/3 | €20,119 | €28,200 | +€8,081 | +40.2% |
| Non-recurring operating income | 76A | €42,520 | - | -€42,520 | |
| Remuneration, social security and pensions | 62 | €24,107 | - | -€24,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,200 | €18,808 | -€3,392 | -15.3% |
| Other operating charges | 640/8 | €51,118 | €54,286 | +€3,169 | +6.2% |
| Gross operating margin | 9900 | -€44,642 | -€131,486 | -€86,845 | -195% |
| Operating profit (loss) | 9901 | -€142,066 | -€204,581 | -€62,515 | -44.0% |
| Financial charges | 65/66B | €521 | €19,911 | +€19,390 | +3,720% |
| Recurring financial charges | 65 | €521 | €19,911 | +€19,390 | +3,720% |
| Profit (loss) for the period before taxes | 9903 | -€142,587 | -€224,492 | -€81,905 | -57.4% |
| Profit (loss) for the period | 9904 | -€142,587 | -€224,492 | -€81,905 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,587 | -€224,492 | -€81,905 | -57.4% |
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 22 October 2026 via checked.be.