CLAUDE: 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.
CLAUDE
Largest movements
- Cash -€13,662
down €13,662 (-34.1%), from €40,044 to €26,383
mainly Other debts (-€6,885) and Receivables within one year (-€4,258)
- Receivables within one year +€4,258
up €4,258 (+58.1%), from €7,330 to €11,587
of which Trade receivables: +€5,468
- Other debts -€6,885
down €6,885 (-79.3%), from €8,679 to €1,794
- Short-term financial debts -€4,124
down €4,124 (-100.0%), from €4,124 to €0
- Trade debts +€1,369
up €1,369 (+41.2%), from €3,321 to €4,690
- Staff costs +€640
up €640 (+3.2%), from €19,852 to €20,492
- Financial charges -€561
down €561 (-78.7%), from €712 to €152
- Depreciation +€287
up €287 (+663.0%), from €43 to €330
- Gross operating margin +€246
up €246 (+1.1%), from €22,744 to €22,991
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 | €51,970 | €42,381 | -€9,589 | -18.5% |
| Fixed assets | 21/28 | €3,347 | €3,017 | -€330 | -9.9% |
| Tangible fixed assets | 22/27 | €947 | €617 | -€330 | -34.9% |
| Furniture and vehicles | 24 | €947 | €617 | -€330 | -34.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €48,623 | €39,364 | -€9,259 | -19.0% |
| Amounts receivable within one year | 40/41 | €7,330 | €11,587 | +€4,258 | +58.1% |
| Trade receivables | 40 | €3,921 | €9,389 | +€5,468 | +139.5% |
| Other amounts receivable | 41 | €3,409 | €2,198 | -€1,210 | -35.5% |
| Cash at bank and in hand | 54/58 | €40,044 | €26,383 | -€13,662 | -34.1% |
| Deferred charges and accrued income | 490/1 | €1,249 | €1,394 | +€145 | +11.6% |
| Total equity and liabilities | 10/49 | €51,970 | €42,381 | -€9,589 | -18.5% |
| Equity | 10/15 | €25,969 | €26,438 | +€470 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,953 | €10,953 | = | 0.0% |
| Distributable reserves | 133 | €10,953 | €10,953 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,584 | -€3,114 | +€470 | +13.1% |
| Amounts payable | 17/49 | €26,002 | €15,943 | -€10,059 | -38.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €26,002 | €15,943 | -€10,059 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €4,124 | €0 | -€4,124 | -100.0% |
| Credit institutions | 430/8 | €4,124 | €0 | -€4,124 | -100.0% |
| Trade debts | 44 | €3,321 | €4,690 | +€1,369 | +41.2% |
| Suppliers | 440/4 | €3,321 | €4,690 | +€1,369 | +41.2% |
| Taxes, remuneration and social security | 45 | €9,877 | €9,459 | -€419 | -4.2% |
| Taxes | 450/3 | €4,549 | €3,925 | -€624 | -13.7% |
| Remuneration and social security | 454/9 | €5,328 | €5,534 | +€206 | +3.9% |
| Other amounts payable | 47/48 | €8,679 | €1,794 | -€6,885 | -79.3% |
| Remuneration, social security and pensions | 62 | €19,852 | €20,492 | +€640 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €330 | +€287 | +663.0% |
| Other operating charges | 640/8 | €1,137 | €1,105 | -€32 | -2.8% |
| Non-recurring operating charges | 66A | €76 | €0 | -€76 | -100.0% |
| Gross operating margin | 9900 | €22,744 | €22,991 | +€246 | +1.1% |
| Operating profit (loss) | 9901 | €1,636 | €1,063 | -€573 | -35.0% |
| Financial income | 75/76B | €111 | €116 | +€5 | +4.5% |
| Recurring financial income | 75 | €111 | €116 | +€5 | +4.5% |
| Financial charges | 65/66B | €712 | €152 | -€561 | -78.7% |
| Recurring financial charges | 65 | €712 | €152 | -€561 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €1,034 | €1,027 | -€7 | -0.7% |
| Income taxes | 67/77 | €757 | €557 | -€200 | -26.4% |
| Profit (loss) for the period | 9904 | €277 | €470 | +€192 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €277 | €470 | +€192 | +69.3% |
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 9 October 2026 via checked.be.