CLAVAN: 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.
CLAVAN
Largest movements
- Tangible fixed assets -€14,397
down €14,397 (-3.3%), from €429,849 to €415,452
of which Land and buildings: -€14,397
- Debts after one year -€13,213
down €13,213 (-8.8%), from €149,571 to €136,358
- Taxes +€6,442
up €6,442 (+3069.9%), from €210 to €6,652
- Gross operating margin +€5,227
up €5,227 (+11.1%), from €47,164 to €52,391
- Other operating charges +€2,703
up €2,703 (+19.2%), from €14,058 to €16,760
- Depreciation -€2,448
down €2,448 (-14.5%), from €16,845 to €14,397
- Financial charges -€2,183
down €2,183 (-11.5%), from €18,947 to €16,764
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 | €492,964 | €475,344 | -€17,620 | -3.6% |
| Fixed assets | 21/28 | €429,849 | €415,452 | -€14,397 | -3.3% |
| Tangible fixed assets | 22/27 | €429,849 | €415,452 | -€14,397 | -3.3% |
| Land and buildings | 22 | €429,849 | €415,452 | -€14,397 | -3.3% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -96.0% |
| Current assets | 29/58 | €63,115 | €59,892 | -€3,223 | -5.1% |
| Amounts receivable within one year | 40/41 | €811 | €0 | -€811 | -100.0% |
| Trade receivables | 40 | €811 | €0 | -€811 | -100.0% |
| Cash at bank and in hand | 54/58 | €59,111 | €58,388 | -€722 | -1.2% |
| Deferred charges and accrued income | 490/1 | €3,193 | €1,504 | -€1,690 | -52.9% |
| Total equity and liabilities | 10/49 | €492,964 | €475,344 | -€17,620 | -3.6% |
| Equity | 10/15 | €94,997 | €93,595 | -€1,402 | -1.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €37,735 | €35,879 | -€1,856 | -4.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,560 | €13,704 | -€1,856 | -11.9% |
| Distributable reserves | 133 | €12,175 | €12,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,738 | -€42,285 | +€453 | +1.1% |
| Provisions and deferred taxes | 16 | €6,536 | €5,756 | -€779 | -11.9% |
| Deferred taxes | 168 | €6,536 | €5,756 | -€779 | -11.9% |
| Amounts payable | 17/49 | €391,431 | €375,993 | -€15,438 | -3.9% |
| Amounts payable after more than one year | 17 | €149,571 | €136,358 | -€13,213 | -8.8% |
| Financial debts | 170/4 | €149,571 | €136,358 | -€13,213 | -8.8% |
| Amounts payable within one year | 42/48 | €226,726 | €221,959 | -€4,767 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €13,054 | €13,213 | +€160 | +1.2% |
| Trade debts | 44 | €126 | €37 | -€90 | -71.0% |
| Suppliers | 440/4 | €126 | €37 | -€90 | -71.0% |
| Taxes, remuneration and social security | 45 | €5,425 | €1,652 | -€3,773 | -69.6% |
| Taxes | 450/3 | €5,425 | €1,652 | -€3,773 | -69.6% |
| Other amounts payable | 47/48 | €208,121 | €207,058 | -€1,064 | -0.5% |
| Accrued charges and deferred income | 492/3 | €15,134 | €17,676 | +€2,542 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,845 | €14,397 | -€2,448 | -14.5% |
| Other operating charges | 640/8 | €14,058 | €16,760 | +€2,703 | +19.2% |
| Gross operating margin | 9900 | €47,164 | €52,391 | +€5,227 | +11.1% |
| Operating profit (loss) | 9901 | €16,262 | €21,234 | +€4,972 | +30.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €18,947 | €16,764 | -€2,183 | -11.5% |
| Recurring financial charges | 65 | €18,947 | €16,764 | -€2,183 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,685 | €4,470 | +€7,155 | |
| Transfer from deferred taxes | 780 | €779 | €779 | = | 0.0% |
| Income taxes | 67/77 | €210 | €6,652 | +€6,442 | +3069.9% |
| Profit (loss) for the period | 9904 | -€2,115 | -€1,402 | +€713 | +33.7% |
| Transfer from tax-exempt reserves | 789 | €1,856 | €1,856 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€260 | €453 | +€713 |
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 28 September 2026 via checked.be.