CLAVIMMO: 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.
CLAVIMMO
Largest movements
- Tangible fixed assets -€20,421
down €20,421 (-4.7%), from €432,297 to €411,877
- Receivables within one year -€9,559
down €9,559 (-88.7%), from €10,772 to €1,213
of which Trade receivables: -€8,752
- Reserves -€75,000
down €75,000 (-27.1%), from €276,930 to €201,930
of which Distributable reserves: -€75,000
- Profit (loss) carried forward +€74,224
up €74,224 (+93.8%), from -€79,127 to -€4,904
- Debts after one year -€26,333
down €26,333 (-21.1%), from €125,084 to €98,751
- Gross operating margin +€13,523
up €13,523 (+14.8%), from €91,111 to €104,635
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 | €557,631 | €527,827 | -€29,805 | -5.3% |
| Fixed assets | 21/28 | €434,897 | €414,477 | -€20,421 | -4.7% |
| Tangible fixed assets | 22/27 | €432,297 | €411,877 | -€20,421 | -4.7% |
| Land and buildings | 22 | €432,297 | €411,877 | -€20,421 | -4.7% |
| Financial fixed assets | 28 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €122,734 | €113,350 | -€9,384 | -7.6% |
| Amounts receivable within one year | 40/41 | €10,772 | €1,213 | -€9,559 | -88.7% |
| Trade receivables | 40 | €8,752 | - | -€8,752 | |
| Other amounts receivable | 41 | €2,020 | €1,213 | -€807 | -39.9% |
| Cash at bank and in hand | 54/58 | €111,962 | €112,137 | +€175 | +0.2% |
| Total equity and liabilities | 10/49 | €557,631 | €527,827 | -€29,805 | -5.3% |
| Equity | 10/15 | €392,803 | €392,026 | -€776 | -0.2% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €276,930 | €201,930 | -€75,000 | -27.1% |
| Non-distributable reserves | 130/1 | €19,500 | €19,500 | = | 0.0% |
| Legal reserve | 130 | €19,500 | €19,500 | = | 0.0% |
| Distributable reserves | 133 | €257,430 | €182,430 | -€75,000 | -29.1% |
| Profit (loss) carried forward | 14 | -€79,127 | -€4,904 | +€74,224 | +93.8% |
| Amounts payable | 17/49 | €164,829 | €135,800 | -€29,029 | -17.6% |
| Amounts payable after more than one year | 17 | €125,084 | €98,751 | -€26,333 | -21.1% |
| Financial debts | 170/4 | €125,084 | €98,751 | -€26,333 | -21.1% |
| Amounts payable within one year | 42/48 | €29,992 | €27,035 | -€2,957 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €26,333 | €26,333 | = | 0.0% |
| Trade debts | 44 | €3,642 | €702 | -€2,940 | -80.7% |
| Suppliers | 440/4 | €3,642 | €702 | -€2,940 | -80.7% |
| Taxes, remuneration and social security | 45 | €17 | - | -€17 | |
| Taxes | 450/3 | €17 | - | -€17 | |
| Accrued charges and deferred income | 492/3 | €9,752 | €10,015 | +€262 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,421 | €20,421 | = | 0.0% |
| Other operating charges | 640/8 | €6,593 | €6,800 | +€207 | +3.1% |
| Gross operating margin | 9900 | €91,111 | €104,635 | +€13,523 | +14.8% |
| Operating profit (loss) | 9901 | €64,098 | €77,414 | +€13,316 | +20.8% |
| Financial charges | 65/66B | €3,791 | €3,190 | -€601 | -15.8% |
| Recurring financial charges | 65 | €3,791 | €3,190 | -€601 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €60,307 | €74,224 | +€13,917 | +23.1% |
| Income taxes | 67/77 | -€6 | - | +€6 | |
| Profit (loss) for the period | 9904 | €60,313 | €74,224 | +€13,911 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,313 | €74,224 | +€13,911 | +23.1% |
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 2 October 2026 via checked.be.