Claus A: 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.
Claus A
Largest movements
- Cash -€49,890
down €49,890 (-79.0%), from €63,185 to €13,295
mainly Trade debts (-€58,414) and Contributions, distributions and other (-€25,000)
- Receivables within one year -€28,115
down €28,115 (-28.1%), from €100,180 to €72,065
of which Trade receivables: -€16,077
- Tangible fixed assets -€7,946
down €7,946 (-51.3%), from €15,503 to €7,556
of which Furniture and vehicles: -€5,936
- Trade debts -€58,414
down €58,414 (-96.9%), from €60,277 to €1,863
- Profit (loss) carried forward -€24,607
down €24,607 (-25.2%), from €97,728 to €73,121
- Tax, wage and social debts -€10,655
down €10,655 (-55.0%), from €19,360 to €8,705
- Other debts +€8,999
new in 2025: €8,999
- Current portion of long-term debt -€3,832
no longer reported in 2025 (was €3,832)
- Gross operating margin -€29,608
down €29,608 (-67.9%), from €43,593 to €13,985
- Depreciation -€14,914
down €14,914 (-57.5%), from €25,946 to €11,032
- Taxes -€3,105
down €3,105 (-62.7%), from €4,948 to €1,844
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 | €184,198 | €95,688 | -€88,510 | -48.1% |
| Fixed assets | 21/28 | €16,648 | €7,556 | -€9,091 | -54.6% |
| Intangible fixed assets | 21 | €1,145 | - | -€1,145 | |
| Tangible fixed assets | 22/27 | €15,503 | €7,556 | -€7,946 | -51.3% |
| Plant, machinery and equipment | 23 | €8,405 | €6,395 | -€2,010 | -23.9% |
| Furniture and vehicles | 24 | €7,098 | €1,162 | -€5,936 | -83.6% |
| Current assets | 29/58 | €167,550 | €88,131 | -€79,418 | -47.4% |
| Amounts receivable within one year | 40/41 | €100,180 | €72,065 | -€28,115 | -28.1% |
| Trade receivables | 40 | €88,142 | €72,065 | -€16,077 | -18.2% |
| Other amounts receivable | 41 | €12,038 | - | -€12,038 | |
| Cash at bank and in hand | 54/58 | €63,185 | €13,295 | -€49,890 | -79.0% |
| Deferred charges and accrued income | 490/1 | €4,185 | €2,771 | -€1,414 | -33.8% |
| Total equity and liabilities | 10/49 | €184,198 | €95,688 | -€88,510 | -48.1% |
| Equity | 10/15 | €100,728 | €76,121 | -€24,607 | -24.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,728 | €73,121 | -€24,607 | -25.2% |
| Amounts payable | 17/49 | €83,470 | €19,567 | -€63,903 | -76.6% |
| Amounts payable within one year | 42/48 | €83,470 | €19,567 | -€63,903 | -76.6% |
| Current portion of amounts payable after more than one year | 42 | €3,832 | - | -€3,832 | |
| Trade debts | 44 | €60,277 | €1,863 | -€58,414 | -96.9% |
| Suppliers | 440/4 | €60,277 | €1,863 | -€58,414 | -96.9% |
| Taxes, remuneration and social security | 45 | €19,360 | €8,705 | -€10,655 | -55.0% |
| Taxes | 450/3 | €19,360 | €8,705 | -€10,655 | -55.0% |
| Other amounts payable | 47/48 | - | €8,999 | +€8,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,946 | €11,032 | -€14,914 | -57.5% |
| Other operating charges | 640/8 | €696 | €603 | -€92 | -13.3% |
| Gross operating margin | 9900 | €43,593 | €13,985 | -€29,608 | -67.9% |
| Operating profit (loss) | 9901 | €16,951 | €2,349 | -€14,602 | -86.1% |
| Financial income | 75/76B | €0 | €53 | +€52 | +11651.1% |
| Recurring financial income | 75 | €0 | €53 | +€52 | +11651.1% |
| Financial charges | 65/66B | €267 | €165 | -€102 | -38.1% |
| Recurring financial charges | 65 | €267 | €165 | -€102 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €16,685 | €2,237 | -€14,448 | -86.6% |
| Income taxes | 67/77 | €4,948 | €1,844 | -€3,105 | -62.7% |
| Profit (loss) for the period | 9904 | €11,737 | €393 | -€11,344 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,737 | €393 | -€11,344 | -96.7% |
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 7 October 2026 via checked.be.