Claus Projects: 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.
Claus Projects
Largest movements
- Deferred charges and accrued income -€9,906
down €9,906 (-100%), from €9,906 to €0
- Receivables within one year -€6,084
down €6,084 (-10.2%), from €59,592 to €53,509
of which Other amounts receivable: -€6,802
- Cash -€4,040
down €4,040 (-51.7%), from €7,808 to €3,767
mainly Trade debts (-€22,915) and Stocks and contracts (-€1,985)
- Stocks and contracts +€1,985
up €1,985 (+65.8%), from €3,015 to €5,000
- Tangible fixed assets -€1,940
down €1,940 (-22.4%), from €8,648 to €6,708
of which Plant, machinery and equipment: -€1,114
- Trade debts -€22,915
down €22,915 (-79.6%), from €28,798 to €5,883
- Reserves +€3,656
up €3,656 (+8.7%), from €42,006 to €45,662
- Gross operating margin -€45,410
down €45,410 (-78.1%), from €58,114 to €12,703
- Taxes -€7,659
down €7,659 (-75.0%), from €10,218 to €2,559
- Other operating charges -€5,530
down €5,530 (-81.2%), from €6,811 to €1,281
- Financial income -€683
down €683 (-100%), from €683 to €0
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 | €88,969 | €68,984 | -€19,985 | -22.5% |
| Fixed assets | 21/28 | €8,648 | €6,708 | -€1,940 | -22.4% |
| Tangible fixed assets | 22/27 | €8,648 | €6,708 | -€1,940 | -22.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,665 | €1,551 | -€1,114 | -41.8% |
| Furniture and vehicles | 24 | €3,733 | €2,907 | -€826 | -22.1% |
| Other tangible fixed assets | 26 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €80,321 | €62,276 | -€18,045 | -22.5% |
| Stocks and contracts in progress | 3 | €3,015 | €5,000 | +€1,985 | +65.8% |
| Stocks | 30/36 | €3,015 | €5,000 | +€1,985 | +65.8% |
| Amounts receivable within one year | 40/41 | €59,592 | €53,509 | -€6,084 | -10.2% |
| Trade receivables | 40 | €52,747 | €53,465 | +€719 | +1.4% |
| Other amounts receivable | 41 | €6,846 | €43 | -€6,802 | -99.4% |
| Cash at bank and in hand | 54/58 | €7,808 | €3,767 | -€4,040 | -51.7% |
| Deferred charges and accrued income | 490/1 | €9,906 | €0 | -€9,906 | -100% |
| Total equity and liabilities | 10/49 | €88,969 | €68,984 | -€19,985 | -22.5% |
| Equity | 10/15 | €46,006 | €49,662 | +€3,656 | +7.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €42,006 | €45,662 | +€3,656 | +8.7% |
| Distributable reserves | 133 | €42,006 | €45,662 | +€3,656 | +8.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €42,963 | €19,322 | -€23,641 | -55.0% |
| Amounts payable within one year | 42/48 | €42,963 | €19,322 | -€23,641 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €28,798 | €5,883 | -€22,915 | -79.6% |
| Suppliers | 440/4 | €28,798 | €5,883 | -€22,915 | -79.6% |
| Taxes, remuneration and social security | 45 | €14,165 | €13,439 | -€726 | -5.1% |
| Taxes | 450/3 | €12,685 | €13,439 | +€754 | +5.9% |
| Remuneration and social security | 454/9 | €1,480 | €0 | -€1,480 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,512 | €3,397 | -€115 | -3.3% |
| Other operating charges | 640/8 | €6,811 | €1,281 | -€5,530 | -81.2% |
| Gross operating margin | 9900 | €58,114 | €12,703 | -€45,410 | -78.1% |
| Operating profit (loss) | 9901 | €47,791 | €8,025 | -€39,765 | -83.2% |
| Financial income | 75/76B | €683 | €0 | -€683 | -100% |
| Recurring financial income | 75 | €683 | €0 | -€683 | -100% |
| Financial charges | 65/66B | €1,676 | €1,810 | +€134 | +8.0% |
| Recurring financial charges | 65 | €1,676 | €1,810 | +€134 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €46,797 | €6,215 | -€40,582 | -86.7% |
| Income taxes | 67/77 | €10,218 | €2,559 | -€7,659 | -75.0% |
| Profit (loss) for the period | 9904 | €36,579 | €3,656 | -€32,923 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,579 | €3,656 | -€32,923 | -90.0% |
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 17 October 2026 via checked.be.