CLAVET: 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.
CLAVET
Largest movements
- Cash +€87,876
up €87,876 (+46.6%), from €188,506 to €276,382
mainly Trade debts (+€41,719) and Depreciation (+€39,192)
- Tangible fixed assets -€33,598
down €33,598 (-39.2%), from €85,676 to €52,078
of which Land and buildings: -€25,018
- Receivables within one year +€11,126
up €11,126 (+24.6%), from €45,304 to €56,430
of which Trade receivables: +€17,130
- Deferred charges and accrued income -€6,438
down €6,438 (-54.1%), from €11,907 to €5,469
- Trade debts +€41,719
up €41,719 (+1237.6%), from €3,371 to €45,089
- Reserves +€17,693
up €17,693 (+951.2%), from €1,860 to €19,553
of which Distributable reserves: +€17,693
- Tax, wage and social debts +€12,751
up €12,751 (+402.8%), from €3,165 to €15,917
of which Taxes: +€15,251
- Debts after one year -€5,196
down €5,196 (-2.2%), from €237,293 to €232,098
- Current portion of long-term debt -€4,977
down €4,977 (-48.9%), from €10,173 to €5,196
- Gross operating margin -€33,666
down €33,666 (-28.7%), from €117,341 to €83,676
- Taxes +€8,382
up €8,382 (+69.3%), from €12,101 to €20,482
- Financial charges -€6,619
down €6,619 (-64.6%), from €10,242 to €3,623
- Other operating charges -€3,641
down €3,641 (-51.4%), from €7,077 to €3,436
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 | €331,545 | €390,511 | +€58,966 | +17.8% |
| Fixed assets | 21/28 | €85,829 | €52,230 | -€33,598 | -39.1% |
| Tangible fixed assets | 22/27 | €85,676 | €52,078 | -€33,598 | -39.2% |
| Land and buildings | 22 | €65,962 | €40,944 | -€25,018 | -37.9% |
| Plant, machinery and equipment | 23 | €327 | €4,668 | +€4,340 | +1325.5% |
| Furniture and vehicles | 24 | €19,387 | €6,466 | -€12,921 | -66.6% |
| Financial fixed assets | 28 | €152 | €152 | = | 0.0% |
| Current assets | 29/58 | €245,717 | €338,281 | +€92,564 | +37.7% |
| Amounts receivable within one year | 40/41 | €45,304 | €56,430 | +€11,126 | +24.6% |
| Trade receivables | 40 | €37,900 | €55,030 | +€17,130 | +45.2% |
| Other amounts receivable | 41 | €7,403 | €1,399 | -€6,004 | -81.1% |
| Cash at bank and in hand | 54/58 | €188,506 | €276,382 | +€87,876 | +46.6% |
| Deferred charges and accrued income | 490/1 | €11,907 | €5,469 | -€6,438 | -54.1% |
| Total equity and liabilities | 10/49 | €331,545 | €390,511 | +€58,966 | +17.8% |
| Equity | 10/15 | €68,652 | €86,345 | +€17,693 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €19,553 | +€17,693 | +951.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €17,693 | +€17,693 | |
| Profit (loss) carried forward | 14 | €60,592 | €60,592 | = | 0.0% |
| Amounts payable | 17/49 | €262,893 | €304,166 | +€41,273 | +15.7% |
| Amounts payable after more than one year | 17 | €237,293 | €232,098 | -€5,196 | -2.2% |
| Financial debts | 170/4 | €237,293 | €232,098 | -€5,196 | -2.2% |
| Amounts payable within one year | 42/48 | €25,600 | €72,069 | +€46,469 | +181.5% |
| Current portion of amounts payable after more than one year | 42 | €10,173 | €5,196 | -€4,977 | -48.9% |
| Trade debts | 44 | €3,371 | €45,089 | +€41,719 | +1237.6% |
| Suppliers | 440/4 | €3,371 | €45,089 | +€41,719 | +1237.6% |
| Taxes, remuneration and social security | 45 | €3,165 | €15,917 | +€12,751 | +402.8% |
| Taxes | 450/3 | €665 | €15,917 | +€15,251 | +2292.2% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €8,891 | €5,867 | -€3,024 | -34.0% |
| Remuneration, social security and pensions | 62 | €851 | - | -€851 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,170 | €39,192 | +€22 | +0.1% |
| Other operating charges | 640/8 | €7,077 | €3,436 | -€3,641 | -51.4% |
| Gross operating margin | 9900 | €117,341 | €83,676 | -€33,666 | -28.7% |
| Operating profit (loss) | 9901 | €70,243 | €41,047 | -€29,196 | -41.6% |
| Financial income | 75/76B | €684 | €751 | +€67 | +9.8% |
| Recurring financial income | 75 | €684 | €751 | +€67 | +9.8% |
| Financial charges | 65/66B | €10,242 | €3,623 | -€6,619 | -64.6% |
| Recurring financial charges | 65 | €10,242 | €3,623 | -€6,619 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €60,686 | €38,175 | -€22,510 | -37.1% |
| Income taxes | 67/77 | €12,101 | €20,482 | +€8,382 | +69.3% |
| Profit (loss) for the period | 9904 | €48,585 | €17,693 | -€30,892 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,585 | €17,693 | -€30,892 | -63.6% |
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 8 October 2026 via checked.be.