ETS CLAPE GROUP: 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.
ETS CLAPE GROUP
Largest movements
- Receivables within one year +€42,180
up €42,180 (+41.9%), from €100,770 to €142,950
of which Other amounts receivable: +€52,014
- Cash +€20,034
up €20,034 (+337%), from €5,938 to €25,972
mainly Net result for the year (+€48,744) and Tax, wage and social debts (+€17,718)
- Tangible fixed assets +€3,033
up €3,033 (+449%), from €676 to €3,709
of which Furniture and vehicles: +€1,703
- Reserves +€49,000
up €49,000 (+70.0%), from €70,000 to €119,000
- Tax, wage and social debts +€17,718
up €17,718 (+71.0%), from €24,968 to €42,686
- Gross operating margin -€27,146
down €27,146 (-27.6%), from €98,364 to €71,218
- Turnover -€27,064
down €27,064 (-12.4%), from €217,503 to €190,439
- Taxes -€7,277
down €7,277 (-29.1%), from €24,968 to €17,691
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 | €108,109 | €173,009 | +€64,900 | +60.0% |
| Fixed assets | 21/28 | €676 | €3,709 | +€3,033 | +449% |
| Tangible fixed assets | 22/27 | €676 | €3,709 | +€3,033 | +449% |
| Plant, machinery and equipment | 23 | - | €1,330 | +€1,330 | |
| Furniture and vehicles | 24 | €676 | €2,379 | +€1,703 | +252% |
| Current assets | 29/58 | €107,433 | €169,300 | +€61,867 | +57.6% |
| Amounts receivable within one year | 40/41 | €100,770 | €142,950 | +€42,180 | +41.9% |
| Trade receivables | 40 | €27,280 | €17,446 | -€9,834 | -36.0% |
| Other amounts receivable | 41 | €73,491 | €125,504 | +€52,014 | +70.8% |
| Cash at bank and in hand | 54/58 | €5,938 | €25,972 | +€20,034 | +337% |
| Deferred charges and accrued income | 490/1 | €725 | €378 | -€347 | -47.9% |
| Total equity and liabilities | 10/49 | €108,109 | €173,009 | +€64,900 | +60.0% |
| Equity | 10/15 | €73,864 | €122,608 | +€48,744 | +66.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €119,000 | +€49,000 | +70.0% |
| Distributable reserves | 133 | €70,000 | €119,000 | +€49,000 | +70.0% |
| Profit (loss) carried forward | 14 | €864 | €608 | -€256 | -29.6% |
| Amounts payable | 17/49 | €34,245 | €50,400 | +€16,156 | +47.2% |
| Amounts payable within one year | 42/48 | €34,245 | €50,400 | +€16,156 | +47.2% |
| Trade debts | 44 | €9,277 | €7,714 | -€1,562 | -16.8% |
| Suppliers | 440/4 | €9,277 | €7,714 | -€1,562 | -16.8% |
| Taxes, remuneration and social security | 45 | €24,968 | €42,686 | +€17,718 | +71.0% |
| Taxes | 450/3 | €24,968 | €42,686 | +€17,718 | +71.0% |
| Turnover | 70 | €217,503 | €190,439 | -€27,064 | -12.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,139 | €119,221 | +€82 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228 | €571 | +€343 | +151% |
| Other operating charges | 640/8 | €1,143 | €1,724 | +€581 | +50.8% |
| Gross operating margin | 9900 | €98,364 | €71,218 | -€27,146 | -27.6% |
| Operating profit (loss) | 9901 | €96,992 | €68,922 | -€28,070 | -28.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €1,161 | €2,487 | +€1,325 | +114% |
| Recurring financial charges | 65 | €1,161 | €1,811 | +€650 | +56.0% |
| Non-recurring financial charges | 66B | - | €676 | +€676 | |
| Profit (loss) for the period before taxes | 9903 | €95,832 | €66,435 | -€29,397 | -30.7% |
| Income taxes | 67/77 | €24,968 | €17,691 | -€7,277 | -29.1% |
| Profit (loss) for the period | 9904 | €70,864 | €48,744 | -€22,120 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,864 | €48,744 | -€22,120 | -31.2% |
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 20 October 2026 via checked.be.