CLAVACO: 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.
CLAVACO
Largest movements
- Tangible fixed assets -€1,101
down €1,101 (-2.5%), from €44,815 to €43,714
- Debts after one year -€5,988
down €5,988 (-7.2%), from €83,427 to €77,439
- Profit (loss) carried forward +€4,860
up €4,860 (+4.5%), from -€109,075 to -€104,216
- Gross operating margin +€579
up €579 (+7.0%), from €8,218 to €8,797
- Financial charges -€472
down €472 (-95.2%), from €496 to €24
- Depreciation -€311
down €311 (-22.0%), from €1,412 to €1,101
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 | €44,885 | €43,762 | -€1,122 | -2.5% |
| Fixed assets | 21/28 | €44,815 | €43,714 | -€1,101 | -2.5% |
| Tangible fixed assets | 22/27 | €44,815 | €43,714 | -€1,101 | -2.5% |
| Land and buildings | 22 | €44,815 | €43,714 | -€1,101 | -2.5% |
| Current assets | 29/58 | €70 | €48 | -€21 | -30.8% |
| Cash at bank and in hand | 54/58 | €70 | €48 | -€21 | -30.8% |
| Total equity and liabilities | 10/49 | €44,885 | €43,762 | -€1,122 | -2.5% |
| Equity | 10/15 | -€46,728 | -€41,868 | +€4,860 | +10.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €347 | €347 | = | 0.0% |
| Non-distributable reserves | 130/1 | €347 | €347 | = | 0.0% |
| Legal reserve | 130 | €347 | €347 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,075 | -€104,216 | +€4,860 | +4.5% |
| Amounts payable | 17/49 | €91,613 | €85,631 | -€5,982 | -6.5% |
| Amounts payable after more than one year | 17 | €83,427 | €77,439 | -€5,988 | -7.2% |
| Financial debts | 170/4 | €83,427 | €77,439 | -€5,988 | -7.2% |
| Amounts payable within one year | 42/48 | €1,031 | €1,037 | +€6 | +0.6% |
| Trade debts | 44 | €1,031 | €1,037 | +€6 | +0.6% |
| Suppliers | 440/4 | €1,031 | €1,037 | +€6 | +0.6% |
| Accrued charges and deferred income | 492/3 | €7,155 | €7,155 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,412 | €1,101 | -€311 | -22.0% |
| Other operating charges | 640/8 | €2,729 | €2,813 | +€84 | +3.1% |
| Gross operating margin | 9900 | €8,218 | €8,797 | +€579 | +7.0% |
| Operating profit (loss) | 9901 | €4,078 | €4,884 | +€806 | +19.8% |
| Financial charges | 65/66B | €496 | €24 | -€472 | -95.2% |
| Recurring financial charges | 65 | €496 | €24 | -€472 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €3,582 | €4,860 | +€1,278 | +35.7% |
| Profit (loss) for the period | 9904 | €3,582 | €4,860 | +€1,278 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,582 | €4,860 | +€1,278 | +35.7% |
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 2 October 2026 via checked.be.