GROUP 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.
What changed
GROUP CLAES
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €2.6m+€498,962
Equity
€18.0m
2024 · €17.4m+€572,150
Cash
€411,091
2024 · €200,699+€210,392
Balance sheet total
€20.8m
2024 · €20.7m+€82,752
Largest movements
Assets
- Cash +€210,392
up €210,392 (+104.8%), from €200,699 to €411,091
mainly Net result for the year (+€3.1m) and Receivables within one year (+€126,304)
Equity and liabilities
- Reserves +€572,150
up €572,150 (+4.5%), from €12.7m to €13.2m
of which Distributable reserves: +€572,150
- Other debts -€500,000
down €500,000 (-16.7%), from €3.0m to €2.5m
Income statement
- Financial income +€499,740
up €499,740 (+20.0%), from €2.5m to €3.0m
- Services and other goods -€102,083
down €102,083 (-10.7%), from €956,021 to €853,938
- Turnover -€88,827
down €88,827 (-3.7%), from €2.4m to €2.3m
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.
Result 2024
€2.6m
Turnover
-€88,827
Other operating income
+€12,496
Services and other goods
+€102,083
Staff costs
-€18,411
Depreciation
-€11,352
Other operating charges
+€602
Financial income
+€499,740
Financial charges
+€2,584
Taxes
+€47
Result 2025
€3.1m
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.
From operations
+€2.8m
Investment
-€61,921
Financing
-€2.5m
Cash 2024
€200,699
From operations (derived)
+€2.8m
Net result for the year
+€3.1m
Depreciation
+€69,902
Receivables within one year
+€126,304
Deferred charges and accrued income
-€6,645
Trade debts
+€22,868
Tax, wage and social debts
-€12,266
Other debts
-€500,000
Investment (derived)
-€61,921
Investment in fixed assets (net)
-€61,921
Financing
-€2.5m
Contributions, distributions and other
-€2.5m
Cash 2025
€411,091
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,721,114 | €20,803,866 | +€82,752 | +0.4% |
| Fixed assets | 21/28 | €20,084,671 | €20,076,690 | -€7,981 | 0.0% |
| Intangible fixed assets | 21 | €93,990 | €72,898 | -€21,093 | -22.4% |
| Tangible fixed assets | 22/27 | €73,774 | €86,886 | +€13,112 | +17.8% |
| Furniture and vehicles | 24 | €73,774 | €86,886 | +€13,112 | +17.8% |
| Financial fixed assets | 28 | €19,916,907 | €19,916,907 | = | 0.0% |
| Affiliated companies | 280/1 | €19,916,907 | €19,916,907 | = | 0.0% |
| Participating interests | 280 | €19,916,907 | €19,916,907 | = | 0.0% |
| Current assets | 29/58 | €636,443 | €727,176 | +€90,733 | +14.3% |
| Amounts receivable within one year | 40/41 | €398,500 | €272,196 | -€126,304 | -31.7% |
| Trade receivables | 40 | €365,293 | €229,107 | -€136,186 | -37.3% |
| Other amounts receivable | 41 | €33,207 | €43,089 | +€9,882 | +29.8% |
| Cash at bank and in hand | 54/58 | €200,699 | €411,091 | +€210,392 | +104.8% |
| Deferred charges and accrued income | 490/1 | €37,243 | €43,888 | +€6,645 | +17.8% |
| Total equity and liabilities | 10/49 | €20,721,114 | €20,803,866 | +€82,752 | +0.4% |
| Equity | 10/15 | €17,406,335 | €17,978,485 | +€572,150 | +3.3% |
| Contributions | 10/11 | €4,753,000 | €4,753,000 | = | 0.0% |
| Capital | 10 | €4,753,000 | €4,753,000 | = | 0.0% |
| Issued capital | 100 | €4,753,000 | €4,753,000 | = | 0.0% |
| Reserves | 13 | €12,653,335 | €13,225,485 | +€572,150 | +4.5% |
| Non-distributable reserves | 130/1 | €475,300 | €475,300 | = | 0.0% |
| Legal reserve | 130 | €475,300 | €475,300 | = | 0.0% |
| Distributable reserves | 133 | €12,178,035 | €12,750,185 | +€572,150 | +4.7% |
| Amounts payable | 17/49 | €3,314,779 | €2,825,381 | -€489,398 | -14.8% |
| Amounts payable within one year | 42/48 | €3,314,779 | €2,825,381 | -€489,398 | -14.8% |
| Trade debts | 44 | €68,657 | €91,524 | +€22,868 | +33.3% |
| Suppliers | 440/4 | €68,657 | €91,524 | +€22,868 | +33.3% |
| Taxes, remuneration and social security | 45 | €246,122 | €233,856 | -€12,266 | -5.0% |
| Taxes | 450/3 | €36,051 | €26,089 | -€9,962 | -27.6% |
| Remuneration and social security | 454/9 | €210,071 | €207,767 | -€2,304 | -1.1% |
| Other amounts payable | 47/48 | €3,000,000 | €2,500,000 | -€500,000 | -16.7% |
| Operating income | 70/76A | €2,429,857 | €2,353,526 | -€76,331 | -3.1% |
| Turnover | 70 | €2,402,296 | €2,313,469 | -€88,827 | -3.7% |
| Other operating income | 74 | €27,561 | €40,057 | +€12,496 | +45.3% |
| Operating charges | 60/66A | €2,312,105 | €2,239,183 | -€72,922 | -3.2% |
| Services and other goods | 61 | €956,021 | €853,938 | -€102,083 | -10.7% |
| Remuneration, social security and pensions | 62 | €1,293,341 | €1,311,752 | +€18,411 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,549 | €69,902 | +€11,352 | +19.4% |
| Other operating charges | 640/8 | €4,195 | €3,593 | -€602 | -14.4% |
| Operating profit (loss) | 9901 | €117,752 | €114,343 | -€3,409 | -2.9% |
| Financial income | 75/76B | €2,500,284 | €3,000,023 | +€499,740 | +20.0% |
| Recurring financial income | 75 | €2,500,284 | €3,000,023 | +€499,740 | +20.0% |
| Income from financial fixed assets | 750 | €2,500,000 | €3,000,000 | +€500,000 | +20.0% |
| Other financial income | 752/9 | €284 | €23 | -€261 | -91.8% |
| Financial charges | 65/66B | €10,733 | €8,149 | -€2,584 | -24.1% |
| Recurring financial charges | 65 | €10,733 | €8,149 | -€2,584 | -24.1% |
| Debt charges | 650 | €10,407 | €7,728 | -€2,679 | -25.7% |
| Other financial charges | 652/9 | €326 | €421 | +€95 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €2,607,302 | €3,106,217 | +€498,915 | +19.1% |
| Income taxes | 67/77 | €34,114 | €34,067 | -€47 | -0.1% |
| Taxes | 670/3 | €34,114 | €34,067 | -€47 | -0.1% |
| Profit (loss) for the period | 9904 | €2,573,188 | €3,072,150 | +€498,962 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,573,188 | €3,072,150 | +€498,962 | +19.4% |
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 12 October 2026 via checked.be.