Clavenborgen: 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.
Clavenborgen
Largest movements
- Tangible fixed assets -€9,566
down €9,566 (-2.5%), from €385,079 to €375,513
of which Land and buildings: -€6,446
- Other debts +€12,017
up €12,017 (+8.7%), from €137,727 to €149,744
- Debts after one year -€11,000
down €11,000 (-3.6%), from €309,000 to €298,000
- Current portion of long-term debt -€8,586
no longer reported in 2025 (was €8,586)
- Gross operating margin -€2,361
down €2,361 (-10.1%), from €23,369 to €21,009
- Other operating charges -€1,907
down €1,907 (-37.9%), from €5,029 to €3,122
- Depreciation -€988
down €988 (-9.4%), from €10,554 to €9,566
- Financial charges -€839
down €839 (-11.7%), from €7,194 to €6,355
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €615,079 | €605,887 | -€9,192 | -1.5% |
| Fixed assets | 21/28 | €614,079 | €604,513 | -€9,566 | -1.6% |
| Tangible fixed assets | 22/27 | €385,079 | €375,513 | -€9,566 | -2.5% |
| Land and buildings | 22 | €279,497 | €273,051 | -€6,446 | -2.3% |
| Plant, machinery and equipment | 23 | €105,582 | €102,462 | -€3,120 | -3.0% |
| Financial fixed assets | 28 | €229,000 | €229,000 | = | 0.0% |
| Current assets | 29/58 | €1,000 | €1,374 | +€374 | +37.4% |
| Amounts receivable within one year | 40/41 | €1,000 | €1,374 | +€374 | +37.4% |
| Other amounts receivable | 41 | €1,000 | €1,374 | +€374 | +37.4% |
| Total equity and liabilities | 10/49 | €615,079 | €605,887 | -€9,192 | -1.5% |
| Equity | 10/15 | €147,433 | €148,901 | +€1,467 | +1.0% |
| 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 | €82,200 | €82,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,233 | €4,701 | +€1,467 | +45.4% |
| Amounts payable | 17/49 | €467,646 | €456,987 | -€10,659 | -2.3% |
| Amounts payable after more than one year | 17 | €309,000 | €298,000 | -€11,000 | -3.6% |
| Other amounts payable | 178/9 | €309,000 | €298,000 | -€11,000 | -3.6% |
| Amounts payable within one year | 42/48 | €156,246 | €158,987 | +€2,741 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €8,586 | - | -€8,586 | |
| Financial debts | 43 | €7,424 | €6,822 | -€602 | -8.1% |
| Credit institutions | 430/8 | €7,424 | €6,822 | -€602 | -8.1% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €2,509 | €2,021 | -€488 | -19.5% |
| Taxes | 450/3 | €2,509 | €2,021 | -€488 | -19.5% |
| Other amounts payable | 47/48 | €137,727 | €149,744 | +€12,017 | +8.7% |
| Accrued charges and deferred income | 492/3 | €2,400 | - | -€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,554 | €9,566 | -€988 | -9.4% |
| Other operating charges | 640/8 | €5,029 | €3,122 | -€1,907 | -37.9% |
| Gross operating margin | 9900 | €23,369 | €21,009 | -€2,361 | -10.1% |
| Operating profit (loss) | 9901 | €7,786 | €8,320 | +€534 | +6.9% |
| Financial income | 75/76B | €43 | €36 | -€6 | -14.4% |
| Recurring financial income | 75 | €43 | €36 | -€6 | -14.4% |
| Financial charges | 65/66B | €7,194 | €6,355 | -€839 | -11.7% |
| Recurring financial charges | 65 | €7,194 | €6,355 | -€839 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €635 | €2,001 | +€1,366 | +215% |
| Income taxes | 67/77 | €378 | €534 | +€156 | +41.3% |
| Profit (loss) for the period | 9904 | €257 | €1,467 | +€1,210 | +470% |
| Profit (loss) for the period to be appropriated | 9905 | €257 | €1,467 | +€1,210 | +470% |
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 13 October 2026 via checked.be.