Clavico: 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.
Clavico
Largest movements
- Receivables within one year -€2,744
down €2,744 (-7.5%), from €36,716 to €33,972
of which Other amounts receivable: -€2,600
- Tangible fixed assets -€903
down €903 (-50.5%), from €1,787 to €885
- Tax, wage and social debts -€3,157
down €3,157 (-76.7%), from €4,114 to €958
- Trade debts -€869
down €869 (-49.9%), from €1,742 to €874
- Gross operating margin -€11,036
down €11,036 (-82.6%), from €13,361 to €2,324
- Taxes -€3,328
down €3,328 (-80.9%), from €4,114 to €787
- Other operating charges +€400
new in 2025: €400
- Depreciation +€336
up €336 (+59.4%), from €566 to €903
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 | €46,841 | €42,992 | -€3,850 | -8.2% |
| Fixed assets | 21/28 | €1,787 | €885 | -€903 | -50.5% |
| Tangible fixed assets | 22/27 | €1,787 | €885 | -€903 | -50.5% |
| Furniture and vehicles | 24 | €1,787 | €885 | -€903 | -50.5% |
| Current assets | 29/58 | €45,054 | €42,107 | -€2,947 | -6.5% |
| Amounts receivable within one year | 40/41 | €36,716 | €33,972 | -€2,744 | -7.5% |
| Trade receivables | 40 | €7,500 | €7,356 | -€144 | -1.9% |
| Other amounts receivable | 41 | €29,216 | €26,616 | -€2,600 | -8.9% |
| Cash at bank and in hand | 54/58 | €8,134 | €7,927 | -€207 | -2.5% |
| Deferred charges and accrued income | 490/1 | €205 | €208 | +€4 | +1.7% |
| Total equity and liabilities | 10/49 | €46,841 | €42,992 | -€3,850 | -8.2% |
| Equity | 10/15 | €40,985 | €41,160 | +€175 | +0.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,985 | €37,160 | +€175 | +0.5% |
| Distributable reserves | 133 | €36,985 | €37,160 | +€175 | +0.5% |
| Amounts payable | 17/49 | €5,857 | €1,831 | -€4,025 | -68.7% |
| Amounts payable within one year | 42/48 | €5,857 | €1,831 | -€4,025 | -68.7% |
| Trade debts | 44 | €1,742 | €874 | -€869 | -49.9% |
| Suppliers | 440/4 | €1,742 | €874 | -€869 | -49.9% |
| Taxes, remuneration and social security | 45 | €4,114 | €958 | -€3,157 | -76.7% |
| Taxes | 450/3 | €4,114 | €958 | -€3,157 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €903 | +€336 | +59.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €13,361 | €2,324 | -€11,036 | -82.6% |
| Operating profit (loss) | 9901 | €12,794 | €1,022 | -€11,772 | -92.0% |
| Financial charges | 65/66B | €98 | €60 | -€38 | -38.7% |
| Recurring financial charges | 65 | €98 | €60 | -€38 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €12,697 | €962 | -€11,735 | -92.4% |
| Income taxes | 67/77 | €4,114 | €787 | -€3,328 | -80.9% |
| Profit (loss) for the period | 9904 | €8,582 | €175 | -€8,407 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,582 | €175 | -€8,407 | -98.0% |
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 18 October 2026 via checked.be.