DR.CLAES INGEBORG: 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.
DR.CLAES INGEBORG
Largest movements
- Tangible fixed assets -€17,864
down €17,864 (-19.9%), from €89,607 to €71,743
of which Land and buildings: -€18,268
- Cash -€4,988
down €4,988 (-4.4%), from €112,123 to €107,135
mainly Tax, wage and social debts (-€28,544) and Debts after one year (-€10,690)
- Receivables within one year +€4,198
new in 2025: €4,198
- Deferred charges and accrued income +€2,849
up €2,849 (+29.3%), from €9,736 to €12,585
- Tax, wage and social debts -€28,544
no longer reported in 2025 (was €28,544)
- Reserves +€23,830
up €23,830 (+18.1%), from €131,922 to €155,752
- Debts after one year -€10,690
down €10,690 (-57.8%), from €18,483 to €7,793
- Gross operating margin -€31,059
down €31,059 (-32.3%), from €96,162 to €65,103
- Taxes -€8,670
down €8,670 (-46.0%), from €18,835 to €10,165
- Financial income +€969
up €969 (+980%), from €99 to €1,068
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 | €211,466 | €195,661 | -€15,805 | -7.5% |
| Fixed assets | 21/28 | €89,607 | €71,743 | -€17,864 | -19.9% |
| Tangible fixed assets | 22/27 | €89,607 | €71,743 | -€17,864 | -19.9% |
| Land and buildings | 22 | €74,607 | €56,339 | -€18,268 | -24.5% |
| Plant, machinery and equipment | 23 | €931 | €2,970 | +€2,039 | +219% |
| Furniture and vehicles | 24 | €14,069 | €12,434 | -€1,635 | -11.6% |
| Current assets | 29/58 | €121,859 | €123,918 | +€2,059 | +1.7% |
| Amounts receivable within one year | 40/41 | - | €4,198 | +€4,198 | |
| Other amounts receivable | 41 | - | €4,198 | +€4,198 | |
| Cash at bank and in hand | 54/58 | €112,123 | €107,135 | -€4,988 | -4.4% |
| Deferred charges and accrued income | 490/1 | €9,736 | €12,585 | +€2,849 | +29.3% |
| Total equity and liabilities | 10/49 | €211,466 | €195,661 | -€15,805 | -7.5% |
| Equity | 10/15 | €150,522 | €174,352 | +€23,830 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,922 | €155,752 | +€23,830 | +18.1% |
| Distributable reserves | 133 | €131,922 | €155,752 | +€23,830 | +18.1% |
| Amounts payable | 17/49 | €60,944 | €21,308 | -€39,635 | -65.0% |
| Amounts payable after more than one year | 17 | €18,483 | €7,793 | -€10,690 | -57.8% |
| Financial debts | 170/4 | €18,483 | €7,793 | -€10,690 | -57.8% |
| Amounts payable within one year | 42/48 | €42,461 | €13,516 | -€28,945 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €10,303 | €10,690 | +€387 | +3.8% |
| Trade debts | 44 | €1,779 | €1,580 | -€200 | -11.2% |
| Suppliers | 440/4 | €1,779 | €1,580 | -€200 | -11.2% |
| Taxes, remuneration and social security | 45 | €28,544 | - | -€28,544 | |
| Taxes | 450/3 | €28,544 | - | -€28,544 | |
| Other amounts payable | 47/48 | €1,834 | €1,245 | -€588 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,313 | €27,757 | +€444 | +1.6% |
| Other operating charges | 640/8 | €2,508 | €2,959 | +€451 | +18.0% |
| Gross operating margin | 9900 | €96,162 | €65,103 | -€31,059 | -32.3% |
| Operating profit (loss) | 9901 | €66,341 | €34,387 | -€31,954 | -48.2% |
| Financial income | 75/76B | €99 | €1,068 | +€969 | +980% |
| Recurring financial income | 75 | €99 | €1,068 | +€969 | +980% |
| Financial charges | 65/66B | €1,821 | €1,461 | -€360 | -19.8% |
| Recurring financial charges | 65 | €1,821 | €1,461 | -€360 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €64,619 | €33,995 | -€30,625 | -47.4% |
| Income taxes | 67/77 | €18,835 | €10,165 | -€8,670 | -46.0% |
| Profit (loss) for the period | 9904 | €45,785 | €23,830 | -€21,954 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,785 | €23,830 | -€21,954 | -48.0% |
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 26 October 2026 via checked.be.