D en I CLAES: 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.
D en I CLAES
Largest movements
- Receivables within one year +€163,202
up €163,202 (+113%), from €144,063 to €307,265
of which Other amounts receivable: +€130,178
- Tangible fixed assets -€28,387
down €28,387 (-18.4%), from €154,255 to €125,869
of which Land and buildings: -€23,387
- Cash +€10,458
up €10,458 (+259%), from €4,032 to €14,491
mainly Trade debts (+€74,464) and Net result for the year (+€44,847)
- Trade debts +€74,464
up €74,464 (+142%), from €52,491 to €126,955
- Reserves +€44,847
up €44,847 (+55.7%), from €80,516 to €125,363
of which Distributable reserves: +€44,847
- Tax, wage and social debts +€33,057
up €33,057 (+210%), from €15,758 to €48,815
of which Taxes: +€33,057
- Debts after one year -€26,653
down €26,653 (-50.2%), from €53,056 to €26,403
- Other debts +€25,553
up €25,553 (+25.1%), from €101,790 to €127,343
- Gross operating margin +€67,203
up €67,203 (+156%), from €43,112 to €110,315
- Taxes +€24,012
up €24,012 (+899%), from €2,672 to €26,685
- Other operating charges -€6,106
down €6,106 (-58.6%), from €10,410 to €4,305
- Depreciation +€4,375
up €4,375 (+18.2%), from €24,011 to €28,387
- Financial income -€2,498
down €2,498 (-98.0%), from €2,550 to €52
of which Non-recurring financial income: -€2,315
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 | €456,670 | €603,369 | +€146,699 | +32.1% |
| Fixed assets | 21/28 | €154,705 | €126,319 | -€28,387 | -18.3% |
| Tangible fixed assets | 22/27 | €154,255 | €125,869 | -€28,387 | -18.4% |
| Land and buildings | 22 | €140,116 | €116,730 | -€23,387 | -16.7% |
| Furniture and vehicles | 24 | €14,139 | €9,139 | -€5,000 | -35.4% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €301,964 | €477,050 | +€175,085 | +58.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,063 | €307,265 | +€163,202 | +113% |
| Trade receivables | 40 | €129,696 | €162,721 | +€33,025 | +25.5% |
| Other amounts receivable | 41 | €14,367 | €144,544 | +€130,178 | +906% |
| Cash at bank and in hand | 54/58 | €4,032 | €14,491 | +€10,458 | +259% |
| Deferred charges and accrued income | 490/1 | €3,869 | €5,294 | +€1,425 | +36.8% |
| Total equity and liabilities | 10/49 | €456,670 | €603,369 | +€146,699 | +32.1% |
| Equity | 10/15 | €200,493 | €245,340 | +€44,847 | +22.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €80,516 | €125,363 | +€44,847 | +55.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €78,657 | €123,504 | +€44,847 | +57.0% |
| Profit (loss) carried forward | 14 | €101,385 | €101,385 | = | 0.0% |
| Amounts payable | 17/49 | €256,177 | €358,028 | +€101,852 | +39.8% |
| Amounts payable after more than one year | 17 | €53,056 | €26,403 | -€26,653 | -50.2% |
| Financial debts | 170/4 | €53,056 | €26,403 | -€26,653 | -50.2% |
| Amounts payable within one year | 42/48 | €196,604 | €329,766 | +€133,162 | +67.7% |
| Current portion of amounts payable after more than one year | 42 | €26,566 | €26,653 | +€87 | +0.3% |
| Trade debts | 44 | €52,491 | €126,955 | +€74,464 | +142% |
| Suppliers | 440/4 | €52,491 | €126,955 | +€74,464 | +142% |
| Taxes, remuneration and social security | 45 | €15,758 | €48,815 | +€33,057 | +210% |
| Taxes | 450/3 | €13,003 | €46,060 | +€33,057 | +254% |
| Remuneration and social security | 454/9 | €2,755 | €2,755 | +€0 | 0.0% |
| Other amounts payable | 47/48 | €101,790 | €127,343 | +€25,553 | +25.1% |
| Accrued charges and deferred income | 492/3 | €6,517 | €1,859 | -€4,658 | -71.5% |
| Non-recurring operating income | 76A | - | €995 | +€995 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,011 | €28,387 | +€4,375 | +18.2% |
| Other operating charges | 640/8 | €10,410 | €4,305 | -€6,106 | -58.6% |
| Non-recurring operating charges | 66A | - | €684 | +€684 | |
| Gross operating margin | 9900 | €43,112 | €110,315 | +€67,203 | +156% |
| Operating profit (loss) | 9901 | €8,690 | €76,939 | +€68,249 | +785% |
| Financial income | 75/76B | €2,550 | €52 | -€2,498 | -98.0% |
| Recurring financial income | 75 | €235 | €52 | -€183 | -77.9% |
| Non-recurring financial income | 76B | €2,315 | €0 | -€2,315 | -100% |
| Financial charges | 65/66B | €5,541 | €5,459 | -€81 | -1.5% |
| Recurring financial charges | 65 | €5,432 | €5,459 | +€28 | +0.5% |
| Non-recurring financial charges | 66B | €109 | €0 | -€109 | -100% |
| Profit (loss) for the period before taxes | 9903 | €5,699 | €71,532 | +€65,833 | +1,155% |
| Income taxes | 67/77 | €2,672 | €26,685 | +€24,012 | +899% |
| Profit (loss) for the period | 9904 | €3,027 | €44,847 | +€41,820 | +1,382% |
| Profit (loss) for the period to be appropriated | 9905 | €3,027 | €44,847 | +€41,820 | +1,382% |
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 30 October 2026 via checked.be.