DR CLARA DE VOS: 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 CLARA DE VOS
Largest movements
- Receivables within one year +€40,281
up €40,281 (+1,051%), from €3,833 to €44,114
of which Trade receivables: +€39,418
- Tangible fixed assets +€35,936
up €35,936 (+221%), from €16,255 to €52,191
of which Furniture and vehicles: +€36,547
- Cash -€4,192
down €4,192 (-66.7%), from €6,281 to €2,089
mainly Investment in fixed assets (net) (-€41,363) and Receivables within one year (-€40,281)
- Trade debts +€38,616
up €38,616 (+3,222%), from €1,199 to €39,814
- Debts after one year +€24,989
up €24,989 (+301%), from €8,308 to €33,297
- Current portion of long-term debt +€8,486
up €8,486 (+168%), from €5,056 to €13,542
- Tax, wage and social debts +€2,282
up €2,282 (+35.0%), from €6,527 to €8,809
of which Taxes: +€3,132
- Profit (loss) carried forward -€2,069
down €2,069, from €1,193 to -€876
- Gross operating margin -€6,352
down €6,352 (-43.9%), from €14,484 to €8,132
- Taxes -€1,947
down €1,947 (-47.5%), from €4,102 to €2,155
- Depreciation +€1,273
up €1,273 (+28.4%), from €4,484 to €5,757
- Other operating charges +€1,116
new in 2025: €1,116
- Financial charges +€302
up €302 (+33.5%), from €903 to €1,205
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 | €36,875 | €109,179 | +€72,303 | +196% |
| Fixed assets | 21/28 | €19,260 | €54,866 | +€35,606 | +185% |
| Intangible fixed assets | 21 | €330 | - | -€330 | |
| Tangible fixed assets | 22/27 | €16,255 | €52,191 | +€35,936 | +221% |
| Land and buildings | 22 | €3,293 | €2,682 | -€611 | -18.6% |
| Furniture and vehicles | 24 | €12,962 | €49,509 | +€36,547 | +282% |
| Financial fixed assets | 28 | €2,675 | €2,675 | = | 0.0% |
| Current assets | 29/58 | €17,616 | €54,313 | +€36,697 | +208% |
| Amounts receivable within one year | 40/41 | €3,833 | €44,114 | +€40,281 | +1,051% |
| Trade receivables | 40 | €917 | €40,335 | +€39,418 | +4,297% |
| Other amounts receivable | 41 | €2,916 | €3,779 | +€863 | +29.6% |
| Cash at bank and in hand | 54/58 | €6,281 | €2,089 | -€4,192 | -66.7% |
| Deferred charges and accrued income | 490/1 | €7,501 | €8,109 | +€608 | +8.1% |
| Total equity and liabilities | 10/49 | €36,875 | €109,179 | +€72,303 | +196% |
| Equity | 10/15 | €15,453 | €13,384 | -€2,069 | -13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,193 | -€876 | -€2,069 | |
| Amounts payable | 17/49 | €21,422 | €95,794 | +€74,372 | +347% |
| Amounts payable after more than one year | 17 | €8,308 | €33,297 | +€24,989 | +301% |
| Financial debts | 170/4 | €8,308 | €33,297 | +€24,989 | +301% |
| Amounts payable within one year | 42/48 | €13,115 | €62,498 | +€49,383 | +377% |
| Current portion of amounts payable after more than one year | 42 | €5,056 | €13,542 | +€8,486 | +168% |
| Trade debts | 44 | €1,199 | €39,814 | +€38,616 | +3,222% |
| Suppliers | 440/4 | €1,199 | €39,814 | +€38,616 | +3,222% |
| Taxes, remuneration and social security | 45 | €6,527 | €8,809 | +€2,282 | +35.0% |
| Taxes | 450/3 | €5,177 | €8,309 | +€3,132 | +60.5% |
| Remuneration and social security | 454/9 | €1,350 | €500 | -€850 | -63.0% |
| Other amounts payable | 47/48 | €333 | €333 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,484 | €5,757 | +€1,273 | +28.4% |
| Other operating charges | 640/8 | - | €1,116 | +€1,116 | |
| Gross operating margin | 9900 | €14,484 | €8,132 | -€6,352 | -43.9% |
| Operating profit (loss) | 9901 | €9,999 | €1,259 | -€8,740 | -87.4% |
| Financial income | 75/76B | €2 | €32 | +€31 | +2,041% |
| Recurring financial income | 75 | €2 | €32 | +€31 | +2,041% |
| Financial charges | 65/66B | €903 | €1,205 | +€302 | +33.5% |
| Recurring financial charges | 65 | €903 | €1,205 | +€302 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €9,098 | €86 | -€9,012 | -99.1% |
| Income taxes | 67/77 | €4,102 | €2,155 | -€1,947 | -47.5% |
| Profit (loss) for the period | 9904 | €4,996 | -€2,069 | -€7,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,996 | -€2,069 | -€7,065 |
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 1 November 2026 via checked.be.