DR. CLAYSON: what changed
Two fiscal 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. CLAYSON
Largest movements
- Cash +€78,335
up €78,335 (+157.8%), from €49,628 to €127,963
mainly Net result for the year (+€108,369) and Other debts (+€81,751)
- Receivables within one year -€12,820
down €12,820 (-68.9%), from €18,620 to €5,800
- Deferred charges and accrued income -€7,460
down €7,460 (-18.6%), from €40,185 to €32,725
- Tangible fixed assets +€2,739
up €2,739 (+34.9%), from €7,856 to €10,595
of which Other tangible fixed assets: +€3,389
- Other debts +€81,751
up €81,751 (+120.0%), from €68,141 to €149,892
- Tax, wage and social debts -€19,440
down €19,440 (-87.9%), from €22,110 to €2,670
- Gross operating margin -€3,192
down €3,192 (-2.2%), from €147,453 to €144,261
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.
Cash bridge derived
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 | €116,289 | €177,083 | +€60,794 | +52.3% |
| Fixed assets | 21/28 | €7,856 | €10,595 | +€2,739 | +34.9% |
| Tangible fixed assets | 22/27 | €7,856 | €10,595 | +€2,739 | +34.9% |
| Plant, machinery and equipment | 23 | €1,414 | €1,046 | -€368 | -26.0% |
| Furniture and vehicles | 24 | €3,213 | €2,931 | -€282 | -8.8% |
| Other tangible fixed assets | 26 | €3,229 | €6,618 | +€3,389 | +105.0% |
| Current assets | 29/58 | €108,433 | €166,488 | +€58,055 | +53.5% |
| Amounts receivable within one year | 40/41 | €18,620 | €5,800 | -€12,820 | -68.9% |
| Other amounts receivable | 41 | €18,620 | €5,800 | -€12,820 | -68.9% |
| Cash at bank and in hand | 54/58 | €49,628 | €127,963 | +€78,335 | +157.8% |
| Deferred charges and accrued income | 490/1 | €40,185 | €32,725 | -€7,460 | -18.6% |
| Total equity and liabilities | 10/49 | €116,289 | €177,083 | +€60,794 | +52.3% |
| Equity | 10/15 | €23,008 | €22,377 | -€631 | -2.7% |
| Contributions | 10/11 | €22,300 | €22,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €708 | €77 | -€631 | -89.1% |
| Amounts payable | 17/49 | €93,281 | €154,706 | +€61,425 | +65.8% |
| Amounts payable within one year | 42/48 | €93,281 | €154,706 | +€61,425 | +65.8% |
| Trade debts | 44 | €3,030 | €2,144 | -€886 | -29.2% |
| Suppliers | 440/4 | €3,030 | €2,144 | -€886 | -29.2% |
| Taxes, remuneration and social security | 45 | €22,110 | €2,670 | -€19,440 | -87.9% |
| Taxes | 450/3 | €22,110 | €2,670 | -€19,440 | -87.9% |
| Other amounts payable | 47/48 | €68,141 | €149,892 | +€81,751 | +120.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,112 | €3,995 | -€1,117 | -21.9% |
| Other operating charges | 640/8 | €1,161 | €1,051 | -€110 | -9.5% |
| Gross operating margin | 9900 | €147,453 | €144,261 | -€3,192 | -2.2% |
| Operating profit (loss) | 9901 | €141,180 | €139,215 | -€1,965 | -1.4% |
| Financial income | 75/76B | €347 | €1,579 | +€1,232 | +355.0% |
| Recurring financial income | 75 | €347 | €1,579 | +€1,232 | +355.0% |
| Financial charges | 65/66B | €160 | €255 | +€95 | +59.4% |
| Recurring financial charges | 65 | €160 | €255 | +€95 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | €141,367 | €140,539 | -€828 | -0.6% |
| Income taxes | 67/77 | €32,935 | €32,170 | -€765 | -2.3% |
| Profit (loss) for the period | 9904 | €108,432 | €108,369 | -€63 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,432 | €108,369 | -€63 | -0.1% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.