CLAUDE: what changed
Two fiscal 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.
CLAUDE
Largest movements
- Current investments -€400,000
no longer reported in 2025 (was €400,000)
- Cash +€286,105
up €286,105 (+796.0%), from €35,944 to €322,049
mainly Current investments (+€400,000) and Investment in fixed assets (net) (+€71,982)
- Tangible fixed assets -€83,712
down €83,712 (-22.2%), from €377,856 to €294,144
of which Land and buildings: -€74,533
- Receivables within one year +€26,016
new in 2025: €26,016
- Contributions -€150,000
down €150,000 (-94.5%), from €158,676 to €8,676
- Profit (loss) carried forward -€12,476
down €12,476 (-3.5%), from €358,594 to €346,118
- Taxes -€25,428
down €25,428 (-99.3%), from €25,614 to €186
- Financial income -€6,386
down €6,386 (-41.9%), from €15,241 to €8,855
- Depreciation -€1,146
down €1,146 (-8.9%), from €12,876 to €11,730
- Other operating charges +€712
up €712 (+18.4%), from €3,868 to €4,580
- Gross operating margin -€131
down €131 (-2.9%), from -€4,479 to -€4,610
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.
Cash bridge derived
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 | €813,800 | €643,709 | -€170,091 | -20.9% |
| Fixed assets | 21/28 | €377,856 | €294,144 | -€83,712 | -22.2% |
| Tangible fixed assets | 22/27 | €377,856 | €294,144 | -€83,712 | -22.2% |
| Land and buildings | 22 | €368,211 | €293,678 | -€74,533 | -20.2% |
| Plant, machinery and equipment | 23 | €278 | €74 | -€204 | -73.4% |
| Furniture and vehicles | 24 | €9,367 | €392 | -€8,975 | -95.8% |
| Current assets | 29/58 | €435,944 | €349,565 | -€86,379 | -19.8% |
| Amounts receivable within one year | 40/41 | - | €26,016 | +€26,016 | |
| Other amounts receivable | 41 | - | €26,016 | +€26,016 | |
| Current investments | 50/53 | €400,000 | - | -€400,000 | |
| Cash at bank and in hand | 54/58 | €35,944 | €322,049 | +€286,105 | +796.0% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €813,800 | €643,709 | -€170,091 | -20.9% |
| Equity | 10/15 | €782,409 | €619,933 | -€162,476 | -20.8% |
| Contributions | 10/11 | €158,676 | €8,676 | -€150,000 | -94.5% |
| Reserves | 13 | €265,139 | €265,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,421 | - | -€4,421 | |
| Reserves not available under the articles | 1311 | €4,421 | - | -€4,421 | |
| Distributable reserves | 133 | €260,718 | €265,139 | +€4,421 | +1.7% |
| Profit (loss) carried forward | 14 | €358,594 | €346,118 | -€12,476 | -3.5% |
| Amounts payable | 17/49 | €31,391 | €23,776 | -€7,615 | -24.3% |
| Amounts payable within one year | 42/48 | €31,391 | €23,776 | -€7,615 | -24.3% |
| Trade debts | 44 | €1,000 | - | -€1,000 | |
| Suppliers | 440/4 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €23,776 | €23,776 | = | 0.0% |
| Taxes | 450/3 | €23,776 | €23,776 | = | 0.0% |
| Other amounts payable | 47/48 | €6,615 | - | -€6,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,876 | €11,730 | -€1,146 | -8.9% |
| Other operating charges | 640/8 | €3,868 | €4,580 | +€712 | +18.4% |
| Gross operating margin | 9900 | -€4,479 | -€4,610 | -€131 | -2.9% |
| Operating profit (loss) | 9901 | -€21,223 | -€20,920 | +€303 | +1.4% |
| Financial income | 75/76B | €15,241 | €8,855 | -€6,386 | -41.9% |
| Recurring financial income | 75 | €15,241 | €8,855 | -€6,386 | -41.9% |
| Financial charges | 65/66B | €221 | €225 | +€4 | +1.8% |
| Recurring financial charges | 65 | €221 | €225 | +€4 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,203 | -€12,290 | -€6,087 | -98.1% |
| Transfer from deferred taxes | 780 | €27,625 | - | -€27,625 | |
| Income taxes | 67/77 | €25,614 | €186 | -€25,428 | -99.3% |
| Profit (loss) for the period | 9904 | -€4,192 | -€12,476 | -€8,284 | -197.6% |
| Transfer from tax-exempt reserves | 789 | €82,874 | - | -€82,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,682 | -€12,476 | -€91,158 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.