DR. K. CLAEYSOONE: 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. K. CLAEYSOONE
Largest movements
- Current investments +€194,146
up €194,146 (+36.7%), from €529,320 to €723,466
- Cash +€52,455
up €52,455 (+19.3%), from €272,403 to €324,858
mainly Net result for the year (+€198,115) and Other debts (+€131,283)
- Other debts +€131,283
up €131,283 (+5,212%), from €2,519 to €133,801
- Reserves +€65,115
up €65,115 (+8.2%), from €796,497 to €861,612
- Tax, wage and social debts +€45,117
up €45,117 (+115%), from €39,272 to €84,389
of which Taxes: +€45,117
- Financial income +€44,870
up €44,870 (+1,031%), from €4,354 to €49,224
- Taxes +€11,694
up €11,694 (+14.0%), from €83,749 to €95,443
- Gross operating margin -€9,317
down €9,317 (-3.5%), from €266,955 to €257,638
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 | €923,502 | €1,160,073 | +€236,570 | +25.6% |
| Fixed assets | 21/28 | €28,180 | €18,106 | -€10,074 | -35.7% |
| Tangible fixed assets | 22/27 | €28,180 | €18,106 | -€10,074 | -35.7% |
| Furniture and vehicles | 24 | €28,180 | €18,106 | -€10,074 | -35.7% |
| Current assets | 29/58 | €895,322 | €1,141,966 | +€246,644 | +27.5% |
| Amounts receivable within one year | 40/41 | €88,417 | €87,818 | -€600 | -0.7% |
| Trade receivables | 40 | €88,417 | €87,818 | -€600 | -0.7% |
| Current investments | 50/53 | €529,320 | €723,466 | +€194,146 | +36.7% |
| Cash at bank and in hand | 54/58 | €272,403 | €324,858 | +€52,455 | +19.3% |
| Deferred charges and accrued income | 490/1 | €5,182 | €5,825 | +€643 | +12.4% |
| Total equity and liabilities | 10/49 | €923,502 | €1,160,073 | +€236,570 | +25.6% |
| Equity | 10/15 | €874,251 | €939,365 | +€65,115 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €796,497 | €861,612 | +€65,115 | +8.2% |
| Distributable reserves | 133 | €796,497 | €861,612 | +€65,115 | +8.2% |
| Profit (loss) carried forward | 14 | €57,754 | €57,754 | = | 0.0% |
| Amounts payable | 17/49 | €49,251 | €220,707 | +€171,456 | +348% |
| Amounts payable within one year | 42/48 | €49,251 | €220,707 | +€171,456 | +348% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,460 | €2,516 | -€4,944 | -66.3% |
| Suppliers | 440/4 | €7,460 | €2,516 | -€4,944 | -66.3% |
| Taxes, remuneration and social security | 45 | €39,272 | €84,389 | +€45,117 | +115% |
| Taxes | 450/3 | €37,272 | €82,389 | +€45,117 | +121% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,519 | €133,801 | +€131,283 | +5,212% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,815 | €10,074 | +€259 | +2.6% |
| Other operating charges | 640/8 | €818 | €1,328 | +€510 | +62.3% |
| Gross operating margin | 9900 | €266,955 | €257,638 | -€9,317 | -3.5% |
| Operating profit (loss) | 9901 | €256,322 | €246,236 | -€10,086 | -3.9% |
| Financial income | 75/76B | €4,354 | €49,224 | +€44,870 | +1,031% |
| Recurring financial income | 75 | €4,354 | €49,224 | +€44,870 | +1,031% |
| Financial charges | 65/66B | €911 | €1,903 | +€992 | +109% |
| Recurring financial charges | 65 | €911 | €1,903 | +€992 | +109% |
| Profit (loss) for the period before taxes | 9903 | €259,765 | €293,557 | +€33,792 | +13.0% |
| Income taxes | 67/77 | €83,749 | €95,443 | +€11,694 | +14.0% |
| Profit (loss) for the period | 9904 | €176,016 | €198,115 | +€22,098 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €176,016 | €198,115 | +€22,098 | +12.6% |
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 29 October 2026 via checked.be.