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 -€18,351
down €18,351 (-52.1%), from €35,251 to €16,900
- Receivables within one year -€5,704
down €5,704 (-45.3%), from €12,581 to €6,877
of which Trade receivables: -€5,775
- Cash -€2,290
down €2,290 (-81.5%), from €2,810 to €520
mainly Net result for the year (-€25,819) and Other debts (-€3,559)
- Deferred charges and accrued income -€1,447
down €1,447 (-59.6%), from €2,426 to €979
- Profit (loss) carried forward -€25,819
down €25,819 (-24.7%), from -€104,447 to -€130,266
- Other debts -€3,559
down €3,559 (-5.0%), from €70,634 to €67,074
- Debts after one year +€1,091
new in 2025: €1,091
- Tax, wage and social debts +€1,020
up €1,020 (+265.8%), from €384 to €1,404
- Trade debts -€544
no longer reported in 2025 (was €544)
- Gross operating margin +€17,805
up €17,805 (+73.4%), from -€24,252 to -€6,447
- Depreciation -€3,509
down €3,509 (-16.1%), from €21,861 to €18,351
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 | €53,069 | €25,276 | -€27,792 | -52.4% |
| Fixed assets | 21/28 | €35,251 | €16,900 | -€18,351 | -52.1% |
| Tangible fixed assets | 22/27 | €35,251 | €16,900 | -€18,351 | -52.1% |
| Plant, machinery and equipment | 23 | €35,251 | €16,900 | -€18,351 | -52.1% |
| Current assets | 29/58 | €17,817 | €8,376 | -€9,441 | -53.0% |
| Amounts receivable within one year | 40/41 | €12,581 | €6,877 | -€5,704 | -45.3% |
| Trade receivables | 40 | €12,581 | €6,806 | -€5,775 | -45.9% |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €2,810 | €520 | -€2,290 | -81.5% |
| Deferred charges and accrued income | 490/1 | €2,426 | €979 | -€1,447 | -59.6% |
| Total equity and liabilities | 10/49 | €53,069 | €25,276 | -€27,792 | -52.4% |
| Equity | 10/15 | -€18,493 | -€44,311 | -€25,819 | -139.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,355 | €67,355 | = | 0.0% |
| Distributable reserves | 133 | €67,355 | €67,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,447 | -€130,266 | -€25,819 | -24.7% |
| Amounts payable | 17/49 | €71,562 | €69,588 | -€1,974 | -2.8% |
| Amounts payable after more than one year | 17 | - | €1,091 | +€1,091 | |
| Trade debts | 175 | - | €1,091 | +€1,091 | |
| Amounts payable within one year | 42/48 | €71,562 | €68,478 | -€3,083 | -4.3% |
| Trade debts | 44 | €544 | - | -€544 | |
| Suppliers | 440/4 | €544 | - | -€544 | |
| Taxes, remuneration and social security | 45 | €384 | €1,404 | +€1,020 | +265.8% |
| Taxes | 450/3 | €384 | €1,404 | +€1,020 | +265.8% |
| Other amounts payable | 47/48 | €70,634 | €67,074 | -€3,559 | -5.0% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,861 | €18,351 | -€3,509 | -16.1% |
| Other operating charges | 640/8 | €865 | €747 | -€118 | -13.7% |
| Gross operating margin | 9900 | -€24,252 | -€6,447 | +€17,805 | +73.4% |
| Operating profit (loss) | 9901 | -€46,978 | -€25,545 | +€21,433 | +45.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +75.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +75.0% |
| Financial charges | 65/66B | €111 | €103 | -€8 | -7.6% |
| Recurring financial charges | 65 | €111 | €103 | -€8 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,089 | -€25,648 | +€21,441 | +45.5% |
| Income taxes | 67/77 | €165 | €171 | +€6 | +3.4% |
| Profit (loss) for the period | 9904 | -€47,255 | -€25,819 | +€21,436 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,255 | -€25,819 | +€21,436 | +45.4% |
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 29 September 2026 via checked.be.