ERIK 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.
ERIK CLAES
Largest movements
- Tangible fixed assets -€16,183
down €16,183 (-39.1%), from €41,360 to €25,176
of which Furniture and vehicles: -€11,098
- Cash -€4,993
down €4,993 (-20.1%), from €24,843 to €19,850
mainly Net result for the year (-€22,952) and Tax, wage and social debts (-€753)
- Receivables within one year -€2,809
down €2,809 (-31.1%), from €9,029 to €6,220
of which Trade receivables: -€1,870
- Profit (loss) carried forward -€22,952
down €22,952 (-151%), from -€15,197 to -€38,150
- Gross operating margin -€17,088
down €17,088, from €12,404 to -€4,684
- Depreciation -€2,800
down €2,800 (-14.7%), from €18,983 to €16,183
- Other operating charges +€221
up €221 (+13.5%), from €1,635 to €1,856
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 | €75,367 | €51,381 | -€23,985 | -31.8% |
| Fixed assets | 21/28 | €41,495 | €25,311 | -€16,183 | -39.0% |
| Tangible fixed assets | 22/27 | €41,360 | €25,176 | -€16,183 | -39.1% |
| Land and buildings | 22 | €2,100 | €1,800 | -€300 | -14.3% |
| Plant, machinery and equipment | 23 | €11,021 | €6,236 | -€4,785 | -43.4% |
| Furniture and vehicles | 24 | €28,239 | €17,141 | -€11,098 | -39.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €33,872 | €26,070 | -€7,802 | -23.0% |
| Amounts receivable within one year | 40/41 | €9,029 | €6,220 | -€2,809 | -31.1% |
| Trade receivables | 40 | €8,090 | €6,220 | -€1,870 | -23.1% |
| Other amounts receivable | 41 | €939 | - | -€939 | |
| Cash at bank and in hand | 54/58 | €24,843 | €19,850 | -€4,993 | -20.1% |
| Total equity and liabilities | 10/49 | €75,367 | €51,381 | -€23,985 | -31.8% |
| Equity | 10/15 | €38,731 | €15,779 | -€22,952 | -59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,328 | €35,328 | = | 0.0% |
| Distributable reserves | 133 | €35,328 | €35,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,197 | -€38,150 | -€22,952 | -151% |
| Amounts payable | 17/49 | €36,636 | €35,603 | -€1,033 | -2.8% |
| Amounts payable within one year | 42/48 | €36,636 | €35,603 | -€1,033 | -2.8% |
| Trade debts | 44 | €413 | - | -€413 | |
| Suppliers | 440/4 | €413 | - | -€413 | |
| Taxes, remuneration and social security | 45 | €1,150 | €397 | -€753 | -65.5% |
| Taxes | 450/3 | - | €397 | +€397 | |
| Remuneration and social security | 454/9 | €1,150 | - | -€1,150 | |
| Other amounts payable | 47/48 | €35,073 | €35,206 | +€134 | +0.4% |
| Non-recurring operating income | 76A | €14,500 | - | -€14,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,983 | €16,183 | -€2,800 | -14.7% |
| Other operating charges | 640/8 | €1,635 | €1,856 | +€221 | +13.5% |
| Gross operating margin | 9900 | €12,404 | -€4,684 | -€17,088 | |
| Operating profit (loss) | 9901 | -€8,214 | -€22,723 | -€14,510 | -177% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €232 | €229 | -€4 | -1.5% |
| Recurring financial charges | 65 | €232 | €229 | -€4 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,446 | -€22,952 | -€14,506 | -172% |
| Profit (loss) for the period | 9904 | -€8,446 | -€22,952 | -€14,506 | -172% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,446 | -€22,952 | -€14,506 | -172% |
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 23 October 2026 via checked.be.