CLAY: 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.
CLAY
Largest movements
- Receivables within one year -€9,937
down €9,937 (-95.4%), from €10,411 to €474
of which Trade receivables: -€6,417
- Deferred charges and accrued income +€5,857
up €5,857 (+270%), from €2,167 to €8,024
- Cash -€3,263
down €3,263 (-56.9%), from €5,734 to €2,471
mainly Debts after one year (-€13,220) and Deferred charges and accrued income (-€5,857)
- Tangible fixed assets -€2,918
down €2,918 (-9.0%), from €32,375 to €29,457
of which Other tangible fixed assets: -€3,000
- Debts after one year -€13,220
down €13,220 (-17.7%), from €74,778 to €61,558
- Tax, wage and social debts +€5,243
up €5,243 (+263%), from €1,990 to €7,234
- Trade debts -€1,410
down €1,410 (-13.3%), from €10,605 to €9,195
- Profit (loss) carried forward -€874
down €874 (-2.1%), from -€42,367 to -€43,241
- Gross operating margin +€34,994
up €34,994, from -€28,874 to €6,120
- Financial charges -€9,875
down €9,875 (-78.2%), from €12,627 to €2,752
of which Non-recurring financial charges: -€12,400
- Depreciation +€3,341
up €3,341 (+417%), from €801 to €4,143
- Taxes -€2,004
new in 2025: -€2,004
- Financial income -€831
down €831 (-100.0%), from €832 to €0
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 | €63,067 | €52,806 | -€10,260 | -16.3% |
| Fixed assets | 21/28 | €44,755 | €41,838 | -€2,918 | -6.5% |
| Tangible fixed assets | 22/27 | €32,375 | €29,457 | -€2,918 | -9.0% |
| Furniture and vehicles | 24 | €3,047 | €3,129 | +€82 | +2.7% |
| Other tangible fixed assets | 26 | €29,328 | €26,328 | -€3,000 | -10.2% |
| Financial fixed assets | 28 | €12,381 | €12,381 | = | 0.0% |
| Current assets | 29/58 | €18,311 | €10,969 | -€7,343 | -40.1% |
| Amounts receivable within one year | 40/41 | €10,411 | €474 | -€9,937 | -95.4% |
| Trade receivables | 40 | €6,891 | €474 | -€6,417 | -93.1% |
| Other amounts receivable | 41 | €3,520 | - | -€3,520 | |
| Cash at bank and in hand | 54/58 | €5,734 | €2,471 | -€3,263 | -56.9% |
| Deferred charges and accrued income | 490/1 | €2,167 | €8,024 | +€5,857 | +270% |
| Total equity and liabilities | 10/49 | €63,067 | €52,806 | -€10,260 | -16.3% |
| Equity | 10/15 | -€24,307 | -€25,181 | -€874 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,367 | -€43,241 | -€874 | -2.1% |
| Amounts payable | 17/49 | €87,374 | €77,987 | -€9,386 | -10.7% |
| Amounts payable after more than one year | 17 | €74,778 | €61,558 | -€13,220 | -17.7% |
| Other amounts payable | 178/9 | €74,778 | €61,558 | -€13,220 | -17.7% |
| Amounts payable within one year | 42/48 | €12,596 | €16,429 | +€3,833 | +30.4% |
| Trade debts | 44 | €10,605 | €9,195 | -€1,410 | -13.3% |
| Suppliers | 440/4 | €10,605 | €9,195 | -€1,410 | -13.3% |
| Taxes, remuneration and social security | 45 | €1,990 | €7,234 | +€5,243 | +263% |
| Taxes | 450/3 | €1,990 | €7,234 | +€5,243 | +263% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €801 | €4,143 | +€3,341 | +417% |
| Other operating charges | 640/8 | €2,136 | €2,103 | -€33 | -1.6% |
| Gross operating margin | 9900 | -€28,874 | €6,120 | +€34,994 | |
| Operating profit (loss) | 9901 | -€31,812 | -€126 | +€31,686 | +99.6% |
| Financial income | 75/76B | €832 | €0 | -€831 | -100.0% |
| Recurring financial income | 75 | €832 | €0 | -€831 | -100.0% |
| Financial charges | 65/66B | €12,627 | €2,752 | -€9,875 | -78.2% |
| Recurring financial charges | 65 | €227 | €2,752 | +€2,525 | +1,112% |
| Non-recurring financial charges | 66B | €12,400 | - | -€12,400 | |
| Profit (loss) for the period before taxes | 9903 | -€43,607 | -€2,878 | +€40,730 | +93.4% |
| Income taxes | 67/77 | - | -€2,004 | -€2,004 | |
| Profit (loss) for the period | 9904 | -€43,607 | -€874 | +€42,733 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,607 | -€874 | +€42,733 | +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 17 October 2026 via checked.be.