CLAVANK: 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.
CLAVANK
Largest movements
- Cash -€325,460
down €325,460 (-69.8%), from €466,575 to €141,114
mainly Contributions, distributions and other (-€178,798) and Investment in fixed assets (net) (-€105,156)
- Tangible fixed assets +€85,223
up €85,223 (+28.6%), from €297,621 to €382,844
of which Furniture and vehicles: +€92,262
- Receivables within one year +€39,584
up €39,584 (+26,822%), from €148 to €39,732
- Current investments +€12,714
new in 2025: €12,714
- Reserves -€176,056
down €176,056 (-26.7%), from €658,955 to €482,899
- Debts after one year -€15,018
down €15,018 (-18.4%), from €81,772 to €66,754
- Gross operating margin -€221,452
down €221,452 (-87.5%), from €253,123 to €31,671
- Taxes -€71,681
down €71,681 (-93.0%), from €77,043 to €5,362
- Depreciation +€11,713
up €11,713 (+142%), from €8,220 to €19,933
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 | €769,665 | €582,987 | -€186,678 | -24.3% |
| Fixed assets | 21/28 | €302,621 | €387,844 | +€85,223 | +28.2% |
| Tangible fixed assets | 22/27 | €297,621 | €382,844 | +€85,223 | +28.6% |
| Land and buildings | 22 | €290,079 | €283,039 | -€7,039 | -2.4% |
| Furniture and vehicles | 24 | €7,542 | €99,805 | +€92,262 | +1,223% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €467,044 | €195,143 | -€271,901 | -58.2% |
| Amounts receivable within one year | 40/41 | €148 | €39,732 | +€39,584 | +26,822% |
| Other amounts receivable | 41 | €148 | €39,732 | +€39,584 | +26,822% |
| Current investments | 50/53 | - | €12,714 | +€12,714 | |
| Cash at bank and in hand | 54/58 | €466,575 | €141,114 | -€325,460 | -69.8% |
| Deferred charges and accrued income | 490/1 | €322 | €1,584 | +€1,262 | +392% |
| Total equity and liabilities | 10/49 | €769,665 | €582,987 | -€186,678 | -24.3% |
| Equity | 10/15 | €660,455 | €484,399 | -€176,056 | -26.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €658,955 | €482,899 | -€176,056 | -26.7% |
| Distributable reserves | 133 | €658,955 | €482,899 | -€176,056 | -26.7% |
| Amounts payable | 17/49 | €109,209 | €98,588 | -€10,622 | -9.7% |
| Amounts payable after more than one year | 17 | €81,772 | €66,754 | -€15,018 | -18.4% |
| Financial debts | 170/4 | €81,772 | €66,754 | -€15,018 | -18.4% |
| Amounts payable within one year | 42/48 | €27,437 | €31,833 | +€4,396 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €14,876 | €15,018 | +€142 | +1.0% |
| Trade debts | 44 | €2,340 | €2,177 | -€163 | -7.0% |
| Suppliers | 440/4 | €2,340 | €2,177 | -€163 | -7.0% |
| Taxes, remuneration and social security | 45 | €8,503 | €12,973 | +€4,470 | +52.6% |
| Taxes | 450/3 | €8,503 | €12,973 | +€4,470 | +52.6% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,220 | €19,933 | +€11,713 | +142% |
| Other operating charges | 640/8 | €2,012 | €2,470 | +€458 | +22.8% |
| Gross operating margin | 9900 | €253,123 | €31,671 | -€221,452 | -87.5% |
| Operating profit (loss) | 9901 | €242,892 | €9,269 | -€233,623 | -96.2% |
| Financial income | 75/76B | €2,459 | €13 | -€2,447 | -99.5% |
| Recurring financial income | 75 | €2,459 | €13 | -€2,447 | -99.5% |
| Financial charges | 65/66B | €1,229 | €1,177 | -€52 | -4.3% |
| Recurring financial charges | 65 | €1,229 | €1,177 | -€52 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €244,121 | €8,104 | -€236,017 | -96.7% |
| Income taxes | 67/77 | €77,043 | €5,362 | -€71,681 | -93.0% |
| Profit (loss) for the period | 9904 | €167,078 | €2,742 | -€164,337 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,078 | €2,742 | -€164,337 | -98.4% |
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 16 October 2026 via checked.be.