GOUDSMIDATELIER CLAESSENS: 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.
GOUDSMIDATELIER CLAESSENS
Largest movements
- Tangible fixed assets +€453,876
up €453,876 (+362%), from €125,441 to €579,318
of which Land and buildings: +€414,700
- Stocks and contracts +€234,029
up €234,029 (+31.5%), from €743,848 to €977,877
- Receivables within one year +€225,269
up €225,269 (+857%), from €26,272 to €251,541
of which Trade receivables: +€222,384
- Current investments +€149,947
up €149,947 (+298%), from €50,256 to €200,203
- Cash -€25,868
down €25,868 (-22.1%), from €117,046 to €91,178
mainly Investment in fixed assets (net) (-€487,602) and Stocks and contracts (-€234,029)
- Reserves +€414,678
up €414,678 (+52.4%), from €791,904 to €1.2m
of which Distributable reserves: +€414,678
- Debts after one year +€308,009
up €308,009 (+659%), from €46,721 to €354,731
- Trade debts +€276,283
up €276,283 (+1,404%), from €19,684 to €295,966
- Tax, wage and social debts +€89,979
up €89,979 (+117%), from €76,806 to €166,785
of which Taxes: +€87,123
- Short-term financial debts -€79,819
down €79,819 (-79.8%), from €100,000 to €20,181
- Gross operating margin +€346,207
up €346,207 (+73.9%), from €468,458 to €814,665
- Taxes +€89,765
up €89,765 (+88.0%), from €102,044 to €191,808
- Staff costs +€12,755
up €12,755 (+11.2%), from €114,058 to €126,812
- Depreciation +€12,394
up €12,394 (+77.8%), from €15,925 to €28,319
- Financial charges +€10,900
up €10,900 (+272%), from €4,013 to €14,913
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 | €1,067,775 | €2,111,716 | +€1.0m | +97.8% |
| Fixed assets | 21/28 | €125,441 | €584,724 | +€459,283 | +366% |
| Intangible fixed assets | 21 | - | €5,407 | +€5,407 | |
| Tangible fixed assets | 22/27 | €125,441 | €579,318 | +€453,876 | +362% |
| Land and buildings | 22 | €104,710 | €519,411 | +€414,700 | +396% |
| Plant, machinery and equipment | 23 | €322 | €6,940 | +€6,618 | +2,058% |
| Furniture and vehicles | 24 | €16,452 | €52,967 | +€36,515 | +222% |
| Leasing and similar rights | 25 | €3,957 | €0 | -€3,957 | -100% |
| Current assets | 29/58 | €942,334 | €1,526,992 | +€584,658 | +62.0% |
| Stocks and contracts in progress | 3 | €743,848 | €977,877 | +€234,029 | +31.5% |
| Stocks | 30/36 | €743,848 | €977,877 | +€234,029 | +31.5% |
| Amounts receivable within one year | 40/41 | €26,272 | €251,541 | +€225,269 | +857% |
| Trade receivables | 40 | €739 | €223,123 | +€222,384 | +30,080% |
| Other amounts receivable | 41 | €25,533 | €28,419 | +€2,886 | +11.3% |
| Current investments | 50/53 | €50,256 | €200,203 | +€149,947 | +298% |
| Cash at bank and in hand | 54/58 | €117,046 | €91,178 | -€25,868 | -22.1% |
| Deferred charges and accrued income | 490/1 | €4,912 | €6,193 | +€1,281 | +26.1% |
| Total equity and liabilities | 10/49 | €1,067,775 | €2,111,716 | +€1.0m | +97.8% |
| Equity | 10/15 | €811,100 | €1,225,778 | +€414,678 | +51.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €791,904 | €1,206,582 | +€414,678 | +52.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €24,766 | €24,766 | = | 0.0% |
| Distributable reserves | 133 | €767,138 | €1,181,816 | +€414,678 | +54.1% |
| Profit (loss) carried forward | 14 | €604 | €604 | = | 0.0% |
| Amounts payable | 17/49 | €256,676 | €885,938 | +€629,263 | +245% |
| Amounts payable after more than one year | 17 | €46,721 | €354,731 | +€308,009 | +659% |
| Financial debts | 170/4 | €46,721 | €354,731 | +€308,009 | +659% |
| Amounts payable within one year | 42/48 | €208,334 | €527,297 | +€318,963 | +153% |
| Current portion of amounts payable after more than one year | 42 | €5,126 | €44,365 | +€39,238 | +765% |
| Financial debts | 43 | €100,000 | €20,181 | -€79,819 | -79.8% |
| Credit institutions | 430/8 | €100,000 | €20,181 | -€79,819 | -79.8% |
| Trade debts | 44 | €19,684 | €295,966 | +€276,283 | +1,404% |
| Suppliers | 440/4 | €19,684 | €295,966 | +€276,283 | +1,404% |
| Taxes, remuneration and social security | 45 | €76,806 | €166,785 | +€89,979 | +117% |
| Taxes | 450/3 | €46,157 | €133,280 | +€87,123 | +189% |
| Remuneration and social security | 454/9 | €30,649 | €33,505 | +€2,856 | +9.3% |
| Other amounts payable | 47/48 | €6,717 | €0 | -€6,717 | -100% |
| Accrued charges and deferred income | 492/3 | €1,621 | €3,911 | +€2,290 | +141% |
| Remuneration, social security and pensions | 62 | €114,058 | €126,812 | +€12,755 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,925 | €28,319 | +€12,394 | +77.8% |
| Other operating charges | 640/8 | €4,930 | €8,802 | +€3,872 | +78.6% |
| Gross operating margin | 9900 | €468,458 | €814,665 | +€346,207 | +73.9% |
| Operating profit (loss) | 9901 | €333,546 | €650,732 | +€317,186 | +95.1% |
| Financial income | 75/76B | €551 | €667 | +€115 | +20.9% |
| Recurring financial income | 75 | €551 | €667 | +€115 | +20.9% |
| Financial charges | 65/66B | €4,013 | €14,913 | +€10,900 | +272% |
| Recurring financial charges | 65 | €4,013 | €14,913 | +€10,900 | +272% |
| Profit (loss) for the period before taxes | 9903 | €330,084 | €636,486 | +€306,402 | +92.8% |
| Income taxes | 67/77 | €102,044 | €191,808 | +€89,765 | +88.0% |
| Profit (loss) for the period | 9904 | €228,041 | €444,678 | +€216,637 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €228,041 | €444,678 | +€216,637 | +95.0% |
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.