CLAUMALEX: 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.
CLAUMALEX
Largest movements
- Tangible fixed assets -€570,226
down €570,226 (-84.7%), from €673,090 to €102,864
of which Land and buildings: -€547,667
- Cash +€243,726
up €243,726 (+385%), from €63,238 to €306,964
mainly Investment in fixed assets (net) (+€536,881) and Tax, wage and social debts (+€138,143)
- Receivables within one year +€15,963
up €15,963 (+19.9%), from €80,313 to €96,276
of which Trade receivables: +€19,635
- Debts after one year -€362,781
down €362,781 (-94.0%), from €385,952 to €23,171
- Tax, wage and social debts +€138,143
up €138,143 (+910%), from €15,183 to €153,326
- Profit (loss) carried forward -€94,342
down €94,342 (-100%), from €94,342 to €0
- Other debts +€77,599
up €77,599 (+60.0%), from €129,342 to €206,941
- Reserves -€70,997
down €70,997 (-54.9%), from €129,361 to €58,364
of which Distributable reserves: -€70,997
- Gross operating margin +€59,474
up €59,474 (+50.4%), from €117,990 to €177,464
- Depreciation -€17,263
down €17,263 (-33.6%), from €51,308 to €34,044
- Taxes +€14,975
up €14,975 (+146%), from €10,230 to €25,205
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 | €829,759 | €518,199 | -€311,560 | -37.5% |
| Fixed assets | 21/28 | €674,051 | €103,125 | -€570,926 | -84.7% |
| Intangible fixed assets | 21 | €961 | €261 | -€700 | -72.9% |
| Tangible fixed assets | 22/27 | €673,090 | €102,864 | -€570,226 | -84.7% |
| Land and buildings | 22 | €569,299 | €21,633 | -€547,667 | -96.2% |
| Plant, machinery and equipment | 23 | €6,555 | €7,307 | +€751 | +11.5% |
| Furniture and vehicles | 24 | €88,868 | €66,624 | -€22,244 | -25.0% |
| Other tangible fixed assets | 26 | €8,367 | €7,301 | -€1,066 | -12.7% |
| Current assets | 29/58 | €155,708 | €415,074 | +€259,366 | +167% |
| Amounts receivable within one year | 40/41 | €80,313 | €96,276 | +€15,963 | +19.9% |
| Trade receivables | 40 | €64,065 | €83,700 | +€19,635 | +30.6% |
| Other amounts receivable | 41 | €16,247 | €12,575 | -€3,672 | -22.6% |
| Cash at bank and in hand | 54/58 | €63,238 | €306,964 | +€243,726 | +385% |
| Deferred charges and accrued income | 490/1 | €12,157 | €11,834 | -€323 | -2.7% |
| Total equity and liabilities | 10/49 | €829,759 | €518,199 | -€311,560 | -37.5% |
| Equity | 10/15 | €242,303 | €76,964 | -€165,339 | -68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,361 | €58,364 | -€70,997 | -54.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,501 | €56,504 | -€70,997 | -55.7% |
| Profit (loss) carried forward | 14 | €94,342 | €0 | -€94,342 | -100% |
| Amounts payable | 17/49 | €587,456 | €441,235 | -€146,221 | -24.9% |
| Amounts payable after more than one year | 17 | €385,952 | €23,171 | -€362,781 | -94.0% |
| Financial debts | 170/4 | €385,952 | €23,171 | -€362,781 | -94.0% |
| Amounts payable within one year | 42/48 | €190,053 | €410,448 | +€220,395 | +116% |
| Current portion of amounts payable after more than one year | 42 | €36,633 | €31,386 | -€5,246 | -14.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €8,895 | €18,794 | +€9,899 | +111% |
| Suppliers | 440/4 | €8,895 | €18,794 | +€9,899 | +111% |
| Taxes, remuneration and social security | 45 | €15,183 | €153,326 | +€138,143 | +910% |
| Taxes | 450/3 | €15,183 | €153,326 | +€138,143 | +910% |
| Other amounts payable | 47/48 | €129,342 | €206,941 | +€77,599 | +60.0% |
| Accrued charges and deferred income | 492/3 | €11,451 | €7,616 | -€3,836 | -33.5% |
| Non-recurring operating income | 76A | - | €81,173 | +€81,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,308 | €34,044 | -€17,263 | -33.6% |
| Other operating charges | 640/8 | €4,235 | €4,087 | -€148 | -3.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €117,990 | €177,464 | +€59,474 | +50.4% |
| Operating profit (loss) | 9901 | €62,447 | €139,333 | +€76,885 | +123% |
| Financial income | 75/76B | €269 | €324 | +€54 | +20.2% |
| Recurring financial income | 75 | €269 | €324 | +€54 | +20.2% |
| Financial charges | 65/66B | €27,434 | €28,527 | +€1,093 | +4.0% |
| Recurring financial charges | 65 | €27,434 | €28,527 | +€1,093 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €35,283 | €111,130 | +€75,847 | +215% |
| Income taxes | 67/77 | €10,230 | €25,205 | +€14,975 | +146% |
| Profit (loss) for the period | 9904 | €25,053 | €85,924 | +€60,872 | +243% |
| Profit (loss) for the period to be appropriated | 9905 | €25,053 | €85,924 | +€60,872 | +243% |
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 18 October 2026 via checked.be.