CLAVERCO: 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.
CLAVERCO
Largest movements
- Current investments +€473,086
up €473,086 (+20749.4%), from €2,280 to €475,366
- Cash -€470,609
down €470,609 (-79.8%), from €589,621 to €119,012
mainly Current investments (-€473,086) and Contributions, distributions and other (-€150,000)
- Debts after one year +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€136,555
down €136,555 (-70.3%), from €194,276 to €57,721
- Other debts -€10,968
down €10,968 (-58.3%), from €18,825 to €7,857
- Financial income -€104,726
down €104,726 (-67.5%), from €155,121 to €50,395
- Taxes +€23,749
up €23,749, from -€1,460 to €22,289
- Provisions -€18,000
no longer reported in 2025 (was €18,000)
- Financial charges -€17,413
down €17,413 (-73.9%), from €23,551 to €6,138
- Gross operating margin -€1,048
down €1,048 (-14.0%), from -€7,475 to -€8,523
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 | €591,901 | €594,378 | +€2,477 | +0.4% |
| Current assets | 29/58 | €591,901 | €594,378 | +€2,477 | +0.4% |
| Current investments | 50/53 | €2,280 | €475,366 | +€473,086 | +20749.4% |
| Cash at bank and in hand | 54/58 | €589,621 | €119,012 | -€470,609 | -79.8% |
| Total equity and liabilities | 10/49 | €591,901 | €594,378 | +€2,477 | +0.4% |
| Equity | 10/15 | €555,076 | €418,521 | -€136,555 | -24.6% |
| Contributions | 10/11 | €328,000 | €328,000 | = | 0.0% |
| Capital | 10 | €328,000 | €328,000 | = | 0.0% |
| Issued capital | 100 | €328,000 | €328,000 | = | 0.0% |
| Reserves | 13 | €32,800 | €32,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,800 | €32,800 | = | 0.0% |
| Legal reserve | 130 | €32,800 | €32,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,276 | €57,721 | -€136,555 | -70.3% |
| Provisions and deferred taxes | 16 | €18,000 | €18,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,000 | €18,000 | = | 0.0% |
| Taxes | 161 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable | 17/49 | €18,825 | €157,857 | +€139,032 | +738.5% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Other amounts payable | 178/9 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €18,825 | €7,857 | -€10,968 | -58.3% |
| Other amounts payable | 47/48 | €18,825 | €7,857 | -€10,968 | -58.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,475 | €8,523 | +€1,048 | +14.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,000 | - | -€18,000 | |
| Gross operating margin | 9900 | -€7,475 | -€8,523 | -€1,048 | -14.0% |
| Operating profit (loss) | 9901 | -€25,475 | -€8,523 | +€16,952 | +66.5% |
| Financial income | 75/76B | €155,121 | €50,395 | -€104,726 | -67.5% |
| Recurring financial income | 75 | €155,121 | €50,395 | -€104,726 | -67.5% |
| Financial charges | 65/66B | €23,551 | €6,138 | -€17,413 | -73.9% |
| Recurring financial charges | 65 | €23,551 | €6,138 | -€17,413 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €106,095 | €35,734 | -€70,361 | -66.3% |
| Income taxes | 67/77 | -€1,460 | €22,289 | +€23,749 | |
| Profit (loss) for the period | 9904 | €107,555 | €13,445 | -€94,110 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,555 | €13,445 | -€94,110 | -87.5% |
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.