CLAUVERSCO: 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.
CLAUVERSCO
Largest movements
- Receivables within one year -€181,644
down €181,644 (-92.5%), from €196,408 to €14,764
of which Other amounts receivable: -€181,595
- Receivables after one year -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Tangible fixed assets -€71,903
down €71,903 (-6.7%), from €1.1m to €1.0m
of which Land and buildings: -€70,186
- Stocks and contracts +€29,375
new in 2025: €29,375
- Deferred charges and accrued income -€25,080
down €25,080 (-90.5%), from €27,699 to €2,620
- Contributions -€475,000
down €475,000 (-41.3%), from €1.2m to €675,000
- Other debts +€44,660
new in 2025: €44,660
- Debts after one year -€31,346
down €31,346 (-15.1%), from €207,076 to €175,731
- Profit (loss) carried forward +€30,547
up €30,547 (+90.0%), from -€33,927 to -€3,380
- Other operating charges -€270,306
down €270,306 (-96.8%), from €279,208 to €8,902
- Gross operating margin +€29,071
up €29,071 (+78.0%), from €37,272 to €66,343
- Financial income -€4,999
down €4,999 (-21.9%), from €22,840 to €17,841
- Depreciation -€2,766
down €2,766 (-6.1%), from €45,294 to €42,528
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 | €1,500,787 | €1,063,935 | -€436,851 | -29.1% |
| Fixed assets | 21/28 | €1,077,826 | €1,005,922 | -€71,903 | -6.7% |
| Tangible fixed assets | 22/27 | €1,077,826 | €1,005,922 | -€71,903 | -6.7% |
| Land and buildings | 22 | €1,067,908 | €997,722 | -€70,186 | -6.6% |
| Plant, machinery and equipment | 23 | €7,280 | €6,222 | -€1,058 | -14.5% |
| Furniture and vehicles | 24 | €2,638 | €1,978 | -€659 | -25.0% |
| Current assets | 29/58 | €422,961 | €58,013 | -€364,948 | -86.3% |
| Amounts receivable after more than one year | 29 | €175,000 | €0 | -€175,000 | -100.0% |
| Other amounts receivable | 291 | €175,000 | €0 | -€175,000 | -100.0% |
| Stocks and contracts in progress | 3 | - | €29,375 | +€29,375 | |
| Stocks | 30/36 | - | €29,375 | +€29,375 | |
| Amounts receivable within one year | 40/41 | €196,408 | €14,764 | -€181,644 | -92.5% |
| Trade receivables | 40 | €49 | €0 | -€49 | -100.0% |
| Other amounts receivable | 41 | €196,359 | €14,764 | -€181,595 | -92.5% |
| Current investments | 50/53 | €7,707 | €8,637 | +€930 | +12.1% |
| Cash at bank and in hand | 54/58 | €16,146 | €2,617 | -€13,530 | -83.8% |
| Deferred charges and accrued income | 490/1 | €27,699 | €2,620 | -€25,080 | -90.5% |
| Total equity and liabilities | 10/49 | €1,500,787 | €1,063,935 | -€436,851 | -29.1% |
| Equity | 10/15 | €1,238,264 | €790,087 | -€448,176 | -36.2% |
| Contributions | 10/11 | €1,150,000 | €675,000 | -€475,000 | -41.3% |
| Capital | 10 | €1,150,000 | €675,000 | -€475,000 | -41.3% |
| Issued capital | 100 | €1,150,000 | €675,000 | -€475,000 | -41.3% |
| Reserves | 13 | €122,190 | €118,467 | -€3,724 | -3.0% |
| Non-distributable reserves | 130/1 | €69,514 | €67,500 | -€2,014 | -2.9% |
| Legal reserve | 130 | €69,514 | €67,500 | -€2,014 | -2.9% |
| Tax-exempt reserves | 132 | €52,676 | €50,967 | -€1,709 | -3.2% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€33,927 | -€3,380 | +€30,547 | +90.0% |
| Provisions and deferred taxes | 16 | €17,559 | €16,989 | -€570 | -3.2% |
| Deferred taxes | 168 | €17,559 | €16,989 | -€570 | -3.2% |
| Amounts payable | 17/49 | €244,965 | €256,859 | +€11,895 | +4.9% |
| Amounts payable after more than one year | 17 | €207,076 | €175,731 | -€31,346 | -15.1% |
| Financial debts | 170/4 | €207,076 | €175,731 | -€31,346 | -15.1% |
| Amounts payable within one year | 42/48 | €36,331 | €79,579 | +€43,247 | +119.0% |
| Current portion of amounts payable after more than one year | 42 | €31,051 | €32,178 | +€1,127 | +3.6% |
| Trade debts | 44 | €5,119 | €2,741 | -€2,378 | -46.5% |
| Suppliers | 440/4 | €5,119 | €2,741 | -€2,378 | -46.5% |
| Taxes, remuneration and social security | 45 | €162 | €0 | -€162 | -100.0% |
| Taxes | 450/3 | €162 | €0 | -€162 | -100.0% |
| Other amounts payable | 47/48 | - | €44,660 | +€44,660 | |
| Accrued charges and deferred income | 492/3 | €1,557 | €1,550 | -€7 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,294 | €42,528 | -€2,766 | -6.1% |
| Other operating charges | 640/8 | €279,208 | €8,902 | -€270,306 | -96.8% |
| Gross operating margin | 9900 | €37,272 | €66,343 | +€29,071 | +78.0% |
| Operating profit (loss) | 9901 | -€287,230 | €14,913 | +€302,143 | |
| Financial income | 75/76B | €22,840 | €17,841 | -€4,999 | -21.9% |
| Recurring financial income | 75 | €22,840 | €17,841 | -€4,999 | -21.9% |
| Financial charges | 65/66B | €6,372 | €5,966 | -€406 | -6.4% |
| Recurring financial charges | 65 | €6,372 | €5,966 | -€406 | -6.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€270,762 | €26,788 | +€297,550 | |
| Transfer from deferred taxes | 780 | €570 | €570 | = | 0.0% |
| Income taxes | 67/77 | €641 | €534 | -€107 | -16.7% |
| Profit (loss) for the period | 9904 | -€270,833 | €26,824 | +€297,657 | |
| Transfer from tax-exempt reserves | 789 | €1,709 | €1,709 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,124 | €28,533 | +€297,657 |
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 12 October 2026 via checked.be.