CLAVIS MEDIA: 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 MEDIA
Largest movements
- Receivables within one year +€99,689
up €99,689 (+142%), from €69,960 to €169,650
of which Trade receivables: +€82,442
- Intangible fixed assets -€39,488
down €39,488 (-25.3%), from €155,796 to €116,309
- Reserves +€46,305
up €46,305 (+140%), from €33,146 to €79,452
of which Distributable reserves: +€46,305
- Gross operating margin +€71,045
up €71,045 (+99.9%), from €71,136 to €142,182
- Financial charges +€19,016
up €19,016 (+143%), from €13,254 to €32,270
- Taxes +€7,247
up €7,247 (+62.4%), from €11,618 to €18,865
- Staff costs +€4,691
new in 2025: €4,691
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 | €3,287,084 | €3,348,108 | +€61,024 | +1.9% |
| Fixed assets | 21/28 | €3,215,501 | €3,176,013 | -€39,488 | -1.2% |
| Intangible fixed assets | 21 | €155,796 | €116,309 | -€39,488 | -25.3% |
| Financial fixed assets | 28 | €3,059,705 | €3,059,705 | = | 0.0% |
| Current assets | 29/58 | €71,583 | €172,094 | +€100,511 | +140% |
| Amounts receivable within one year | 40/41 | €69,960 | €169,650 | +€99,689 | +142% |
| Trade receivables | 40 | €15,905 | €98,347 | +€82,442 | +518% |
| Other amounts receivable | 41 | €54,056 | €71,303 | +€17,247 | +31.9% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,598 | €2,420 | +€822 | +51.4% |
| Total equity and liabilities | 10/49 | €3,287,084 | €3,348,108 | +€61,024 | +1.9% |
| Equity | 10/15 | €2,365,503 | €2,411,808 | +€46,305 | +2.0% |
| Contributions | 10/11 | €2,332,356 | €2,332,356 | = | 0.0% |
| Capital | 10 | €2,318,043 | €2,318,043 | = | 0.0% |
| Issued capital | 100 | €2,318,043 | €2,318,043 | = | 0.0% |
| Contributions outside capital | 11 | €14,313 | €14,313 | = | 0.0% |
| Share premium | 1100/10 | €14,313 | €14,313 | = | 0.0% |
| Reserves | 13 | €33,146 | €79,452 | +€46,305 | +140% |
| Non-distributable reserves | 130/1 | €7,544 | €7,544 | = | 0.0% |
| Legal reserve | 130 | €7,544 | €7,544 | = | 0.0% |
| Distributable reserves | 133 | €25,602 | €71,907 | +€46,305 | +181% |
| Amounts payable | 17/49 | €921,581 | €936,299 | +€14,718 | +1.6% |
| Amounts payable after more than one year | 17 | €646,862 | €646,862 | = | 0.0% |
| Financial debts | 170/4 | €646,862 | €646,862 | = | 0.0% |
| Amounts payable within one year | 42/48 | €258,159 | €263,035 | +€4,875 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €18,960 | €3,327 | -€15,634 | -82.5% |
| Suppliers | 440/4 | €18,960 | €3,327 | -€15,634 | -82.5% |
| Taxes, remuneration and social security | 45 | €39,199 | €59,708 | +€20,509 | +52.3% |
| Taxes | 450/3 | €26,578 | €52,648 | +€26,070 | +98.1% |
| Remuneration and social security | 454/9 | €12,621 | €7,061 | -€5,561 | -44.1% |
| Accrued charges and deferred income | 492/3 | €16,559 | €26,402 | +€9,843 | +59.4% |
| Remuneration, social security and pensions | 62 | - | €4,691 | +€4,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,495 | €41,868 | +€372 | +0.9% |
| Other operating charges | 640/8 | €1,478 | €1,086 | -€392 | -26.5% |
| Gross operating margin | 9900 | €71,136 | €142,182 | +€71,045 | +99.9% |
| Operating profit (loss) | 9901 | €28,163 | €94,537 | +€66,374 | +236% |
| Financial income | 75/76B | €2,911 | €2,903 | -€8 | -0.3% |
| Recurring financial income | 75 | €2,911 | €2,903 | -€8 | -0.3% |
| Financial charges | 65/66B | €13,254 | €32,270 | +€19,016 | +143% |
| Recurring financial charges | 65 | €13,254 | €32,270 | +€19,016 | +143% |
| Profit (loss) for the period before taxes | 9903 | €17,820 | €65,170 | +€47,350 | +266% |
| Income taxes | 67/77 | €11,618 | €18,865 | +€7,247 | +62.4% |
| Profit (loss) for the period | 9904 | €6,202 | €46,305 | +€40,103 | +647% |
| Profit (loss) for the period to be appropriated | 9905 | €6,202 | €46,305 | +€40,103 | +647% |
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 28 October 2026 via checked.be.