Clauwens Tim: 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.
Clauwens Tim
Largest movements
- Receivables after one year +€50,000
up €50,000 (+34.7%), from €144,000 to €194,000
- Cash -€14,916
down €14,916 (-99.9%), from €14,924 to €8
mainly Receivables after one year (-€50,000) and Contributions, distributions and other (-€35,000)
- Receivables within one year -€12,975
down €12,975 (-30.3%), from €42,806 to €29,832
of which Other amounts receivable: -€20,062
- Tangible fixed assets -€7,987
down €7,987 (-12.5%), from €63,894 to €55,907
of which Other tangible fixed assets: -€7,875
- Reserves +€27,920
up €27,920 (+24.1%), from €115,940 to €143,860
- Tax, wage and social debts -€15,720
down €15,720 (-70.3%), from €22,356 to €6,636
of which Taxes: -€15,315
- Debts after one year -€9,265
down €9,265 (-11.6%), from €79,770 to €70,505
- Other debts +€5,374
new in 2025: €5,374
- Trade debts +€3,519
up €3,519 (+63.3%), from €5,556 to €9,075
- Gross operating margin +€13,731
up €13,731 (+10.1%), from €136,051 to €149,782
- Staff costs +€6,811
up €6,811 (+11.4%), from €59,605 to €66,416
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 | €266,363 | €280,486 | +€14,123 | +5.3% |
| Fixed assets | 21/28 | €63,894 | €55,907 | -€7,987 | -12.5% |
| Tangible fixed assets | 22/27 | €63,894 | €55,907 | -€7,987 | -12.5% |
| Land and buildings | 22 | €895 | €783 | -€112 | -12.5% |
| Other tangible fixed assets | 26 | €62,999 | €55,124 | -€7,875 | -12.5% |
| Current assets | 29/58 | €202,469 | €224,579 | +€22,109 | +10.9% |
| Amounts receivable after more than one year | 29 | €144,000 | €194,000 | +€50,000 | +34.7% |
| Other amounts receivable | 291 | €144,000 | €194,000 | +€50,000 | +34.7% |
| Stocks and contracts in progress | 3 | €739 | €739 | = | 0.0% |
| Stocks | 30/36 | €739 | €739 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,806 | €29,832 | -€12,975 | -30.3% |
| Trade receivables | 40 | €20,546 | €27,633 | +€7,087 | +34.5% |
| Other amounts receivable | 41 | €22,261 | €2,199 | -€20,062 | -90.1% |
| Cash at bank and in hand | 54/58 | €14,924 | €8 | -€14,916 | -99.9% |
| Total equity and liabilities | 10/49 | €266,363 | €280,486 | +€14,123 | +5.3% |
| Equity | 10/15 | €147,206 | €175,126 | +€27,920 | +19.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €115,940 | €143,860 | +€27,920 | +24.1% |
| Distributable reserves | 133 | €115,940 | €143,860 | +€27,920 | +24.1% |
| Profit (loss) carried forward | 14 | €10,807 | €10,807 | = | 0.0% |
| Amounts payable | 17/49 | €119,157 | €105,360 | -€13,797 | -11.6% |
| Amounts payable after more than one year | 17 | €79,770 | €70,505 | -€9,265 | -11.6% |
| Financial debts | 170/4 | €79,770 | €70,505 | -€9,265 | -11.6% |
| Amounts payable within one year | 42/48 | €38,337 | €33,805 | -€4,532 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €10,424 | €10,158 | -€266 | -2.6% |
| Financial debts | 43 | - | €2,561 | +€2,561 | |
| Credit institutions | 430/8 | - | €2,561 | +€2,561 | |
| Trade debts | 44 | €5,556 | €9,075 | +€3,519 | +63.3% |
| Suppliers | 440/4 | €5,556 | €9,075 | +€3,519 | +63.3% |
| Taxes, remuneration and social security | 45 | €22,356 | €6,636 | -€15,720 | -70.3% |
| Taxes | 450/3 | €21,451 | €6,136 | -€15,315 | -71.4% |
| Remuneration and social security | 454/9 | €905 | €500 | -€405 | -44.8% |
| Other amounts payable | 47/48 | - | €5,374 | +€5,374 | |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Non-recurring operating income | 76A | €22,122 | - | -€22,122 | |
| Remuneration, social security and pensions | 62 | €59,605 | €66,416 | +€6,811 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,987 | €7,987 | = | 0.0% |
| Other operating charges | 640/8 | €627 | €658 | +€31 | +5.0% |
| Gross operating margin | 9900 | €136,051 | €149,782 | +€13,731 | +10.1% |
| Operating profit (loss) | 9901 | €67,832 | €74,721 | +€6,889 | +10.2% |
| Financial income | 75/76B | €2,881 | €3,890 | +€1,009 | +35.0% |
| Recurring financial income | 75 | €2,881 | €3,890 | +€1,009 | +35.0% |
| Financial charges | 65/66B | €4,569 | €4,659 | +€90 | +2.0% |
| Recurring financial charges | 65 | €4,569 | €4,659 | +€90 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €66,145 | €73,953 | +€7,808 | +11.8% |
| Income taxes | 67/77 | €10,260 | €11,033 | +€773 | +7.5% |
| Profit (loss) for the period | 9904 | €55,885 | €62,920 | +€7,035 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,885 | €62,920 | +€7,035 | +12.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.