CLAUDE C: 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 C
Largest movements
- Receivables within one year +€2,513
up €2,513 (+34614.6%), from €7 to €2,520
of which Trade receivables: +€2,500
- Tax, wage and social debts +€9,409
up €9,409 (+258.5%), from €3,639 to €13,048
- Other debts -€7,916
down €7,916 (-4.9%), from €160,102 to €152,186
- Trade debts +€7,275
up €7,275 (+38.7%), from €18,801 to €26,076
- Short-term financial debts -€2,416
down €2,416 (-100.0%), from €2,416 to €0
- Gross operating margin +€26,711
up €26,711, from -€19,415 to €7,296
- Financial charges +€6,077
up €6,077 (+2056.8%), from €295 to €6,372
- Other operating charges +€534
up €534 (+26.1%), from €2,046 to €2,580
- Depreciation -€241
down €241 (-48.7%), from €495 to €254
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 | €195,683 | €200,374 | +€4,691 | +2.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €554 | €300 | -€254 | -45.8% |
| Tangible fixed assets | 22/27 | €254 | €0 | -€254 | -100.0% |
| Furniture and vehicles | 24 | €254 | €0 | -€254 | -100.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €195,129 | €200,074 | +€4,945 | +2.5% |
| Stocks and contracts in progress | 3 | €192,945 | €192,289 | -€656 | -0.3% |
| Stocks | 30/36 | €192,945 | €192,289 | -€656 | -0.3% |
| Amounts receivable within one year | 40/41 | €7 | €2,520 | +€2,513 | +34614.6% |
| Trade receivables | 40 | €0 | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | €7 | €20 | +€13 | +179.3% |
| Cash at bank and in hand | 54/58 | €0 | €1,553 | +€1,553 | |
| Deferred charges and accrued income | 490/1 | €2,177 | €3,712 | +€1,535 | +70.5% |
| Total equity and liabilities | 10/49 | €195,683 | €200,374 | +€4,691 | +2.4% |
| Equity | 10/15 | €10,724 | €8,814 | -€1,910 | -17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,524 | €2,614 | -€1,910 | -42.2% |
| Amounts payable | 17/49 | €184,959 | €191,561 | +€6,601 | +3.6% |
| Amounts payable within one year | 42/48 | €184,959 | €191,561 | +€6,601 | +3.6% |
| Financial debts | 43 | €2,416 | €0 | -€2,416 | -100.0% |
| Credit institutions | 430/8 | €2,416 | €0 | -€2,416 | -100.0% |
| Trade debts | 44 | €18,801 | €26,076 | +€7,275 | +38.7% |
| Suppliers | 440/4 | €18,801 | €26,076 | +€7,275 | +38.7% |
| Advances received on contracts in progress | 46 | €0 | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €3,639 | €13,048 | +€9,409 | +258.5% |
| Taxes | 450/3 | €3,639 | €13,048 | +€9,409 | +258.5% |
| Other amounts payable | 47/48 | €160,102 | €152,186 | -€7,916 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €254 | -€241 | -48.7% |
| Other operating charges | 640/8 | €2,046 | €2,580 | +€534 | +26.1% |
| Gross operating margin | 9900 | -€19,415 | €7,296 | +€26,711 | |
| Operating profit (loss) | 9901 | -€21,956 | €4,462 | +€26,418 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +166.7% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +166.7% |
| Financial charges | 65/66B | €295 | €6,372 | +€6,077 | +2056.8% |
| Recurring financial charges | 65 | €295 | €6,372 | +€6,077 | +2056.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,251 | -€1,910 | +€20,341 | +91.4% |
| Profit (loss) for the period | 9904 | -€22,251 | -€1,910 | +€20,341 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,251 | -€1,910 | +€20,341 | +91.4% |
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 6 October 2026 via checked.be.