CLAVIS INVEST: 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.
CLAVIS INVEST
Largest movements
- Tangible fixed assets +€45,646
up €45,646 (+15.5%), from €293,937 to €339,583
of which Land and buildings: +€47,828
- Receivables within one year +€29,286
up €29,286 (+1,025%), from €2,857 to €32,143
- Cash -€6,263
down €6,263 (-19.1%), from €32,804 to €26,541
mainly Net result for the year (-€89,337) and Investment in fixed assets (net) (-€62,020)
- Other debts +€156,922
up €156,922 (+109%), from €144,354 to €301,275
- Profit (loss) carried forward -€89,337
down €89,337 (-124%), from -€72,336 to -€161,673
- Current portion of long-term debt -€48,359
down €48,359 (-85.1%), from €56,838 to €8,479
- Debts after one year +€44,726
up €44,726 (+23.5%), from €190,561 to €235,287
- Trade debts +€8,156
up €8,156 (+1,384%), from €589 to €8,745
- Gross operating margin -€8,543
down €8,543 (-22.6%), from -€37,795 to -€46,338
- Financial income -€7,023
no longer reported in 2025 (was €7,023)
- Depreciation +€1,481
up €1,481 (+9.9%), from €14,892 to €16,374
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 | €330,286 | €402,496 | +€72,210 | +21.9% |
| Fixed assets | 21/28 | €293,937 | €339,583 | +€45,646 | +15.5% |
| Tangible fixed assets | 22/27 | €293,937 | €339,583 | +€45,646 | +15.5% |
| Land and buildings | 22 | €276,284 | €324,111 | +€47,828 | +17.3% |
| Plant, machinery and equipment | 23 | €425 | €851 | +€426 | +100% |
| Furniture and vehicles | 24 | €17,228 | €14,621 | -€2,607 | -15.1% |
| Current assets | 29/58 | €36,349 | €62,913 | +€26,564 | +73.1% |
| Amounts receivable within one year | 40/41 | €2,857 | €32,143 | +€29,286 | +1,025% |
| Trade receivables | 40 | €2,857 | €32,143 | +€29,286 | +1,025% |
| Cash at bank and in hand | 54/58 | €32,804 | €26,541 | -€6,263 | -19.1% |
| Deferred charges and accrued income | 490/1 | €688 | €4,229 | +€3,541 | +515% |
| Total equity and liabilities | 10/49 | €330,286 | €402,496 | +€72,210 | +21.9% |
| Equity | 10/15 | -€62,336 | -€151,673 | -€89,337 | -143% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,336 | -€161,673 | -€89,337 | -124% |
| Amounts payable | 17/49 | €392,622 | €554,168 | +€161,547 | +41.1% |
| Amounts payable after more than one year | 17 | €190,561 | €235,287 | +€44,726 | +23.5% |
| Financial debts | 170/4 | €190,561 | €235,287 | +€44,726 | +23.5% |
| Amounts payable within one year | 42/48 | €202,061 | €318,882 | +€116,821 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | €56,838 | €8,479 | -€48,359 | -85.1% |
| Trade debts | 44 | €589 | €8,745 | +€8,156 | +1,384% |
| Suppliers | 440/4 | €589 | €8,745 | +€8,156 | +1,384% |
| Taxes, remuneration and social security | 45 | €280 | €382 | +€103 | +36.6% |
| Taxes | 450/3 | €280 | €382 | +€103 | +36.6% |
| Other amounts payable | 47/48 | €144,354 | €301,275 | +€156,922 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,892 | €16,374 | +€1,481 | +9.9% |
| Other operating charges | 640/8 | €3,834 | €3,497 | -€337 | -8.8% |
| Gross operating margin | 9900 | -€37,795 | -€46,338 | -€8,543 | -22.6% |
| Operating profit (loss) | 9901 | -€56,521 | -€66,208 | -€9,688 | -17.1% |
| Financial income | 75/76B | €7,023 | - | -€7,023 | |
| Recurring financial income | 75 | €7,023 | - | -€7,023 | |
| Financial charges | 65/66B | €22,559 | €22,746 | +€187 | +0.8% |
| Recurring financial charges | 65 | €22,559 | €22,746 | +€187 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | -€72,056 | -€88,954 | -€16,898 | -23.5% |
| Income taxes | 67/77 | €280 | €382 | +€103 | +36.6% |
| Profit (loss) for the period | 9904 | -€72,336 | -€89,337 | -€17,001 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,336 | -€89,337 | -€17,001 | -23.5% |
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 19 October 2026 via checked.be.