IHC 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.
IHC CLAES
Largest movements
- Cash +€144,637
up €144,637 (+113.9%), from €126,970 to €271,607
mainly Other debts (+€286,509) and Net result for the year (+€162,932)
- Current investments -€59,708
down €59,708 (-49.0%), from €121,951 to €62,243
- Tangible fixed assets -€12,427
down €12,427 (-26.2%), from €47,402 to €34,975
of which Furniture and vehicles: -€10,237
- Other debts +€286,509
up €286,509 (+489.2%), from €58,569 to €345,078
- Reserves -€126,728
down €126,728 (-27.3%), from €463,660 to €336,932
- Current portion of long-term debt -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Tax, wage and social debts -€18,197
down €18,197 (-57.6%), from €31,604 to €13,407
- Financial charges +€15,303
up €15,303 (+100.5%), from €15,227 to €30,530
- Financial income +€5,104
up €5,104 (+3.3%), from €155,000 to €160,104
- Gross operating margin +€2,698
up €2,698 (+3.4%), from €78,981 to €81,678
- Taxes +€2,657
up €2,657 (+8.7%), from €30,595 to €33,252
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €781,592 | €854,147 | +€72,555 | +9.3% |
| Fixed assets | 21/28 | €516,522 | €504,095 | -€12,427 | -2.4% |
| Tangible fixed assets | 22/27 | €47,402 | €34,975 | -€12,427 | -26.2% |
| Plant, machinery and equipment | 23 | €4,103 | €2,845 | -€1,258 | -30.7% |
| Furniture and vehicles | 24 | €40,067 | €29,830 | -€10,237 | -25.6% |
| Other tangible fixed assets | 26 | €3,232 | €2,301 | -€931 | -28.8% |
| Financial fixed assets | 28 | €469,120 | €469,120 | = | 0.0% |
| Current assets | 29/58 | €265,070 | €350,051 | +€84,981 | +32.1% |
| Amounts receivable within one year | 40/41 | €12,000 | €12,000 | = | 0.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Current investments | 50/53 | €121,951 | €62,243 | -€59,708 | -49.0% |
| Cash at bank and in hand | 54/58 | €126,970 | €271,607 | +€144,637 | +113.9% |
| Deferred charges and accrued income | 490/1 | €4,148 | €4,201 | +€53 | +1.3% |
| Total equity and liabilities | 10/49 | €781,592 | €854,147 | +€72,555 | +9.3% |
| Equity | 10/15 | €468,660 | €341,932 | -€126,728 | -27.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €463,660 | €336,932 | -€126,728 | -27.3% |
| Distributable reserves | 133 | €463,660 | €336,932 | -€126,728 | -27.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €312,932 | €512,215 | +€199,282 | +63.7% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,932 | €362,215 | +€199,282 | +122.3% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €0 | -€70,000 | -100.0% |
| Trade debts | 44 | €2,759 | €3,729 | +€970 | +35.2% |
| Suppliers | 440/4 | €2,759 | €3,729 | +€970 | +35.2% |
| Taxes, remuneration and social security | 45 | €31,604 | €13,407 | -€18,197 | -57.6% |
| Taxes | 450/3 | €31,604 | €13,407 | -€18,197 | -57.6% |
| Other amounts payable | 47/48 | €58,569 | €345,078 | +€286,509 | +489.2% |
| Remuneration, social security and pensions | 62 | €149 | €274 | +€125 | +84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,214 | €13,925 | +€711 | +5.4% |
| Other operating charges | 640/8 | €795 | €869 | +€73 | +9.2% |
| Gross operating margin | 9900 | €78,981 | €81,678 | +€2,698 | +3.4% |
| Operating profit (loss) | 9901 | €64,822 | €66,611 | +€1,789 | +2.8% |
| Financial income | 75/76B | €155,000 | €160,104 | +€5,104 | +3.3% |
| Recurring financial income | 75 | €155,000 | €160,104 | +€5,104 | +3.3% |
| Financial charges | 65/66B | €15,227 | €30,530 | +€15,303 | +100.5% |
| Recurring financial charges | 65 | €15,227 | €30,530 | +€15,303 | +100.5% |
| Profit (loss) for the period before taxes | 9903 | €204,595 | €196,185 | -€8,410 | -4.1% |
| Income taxes | 67/77 | €30,595 | €33,252 | +€2,657 | +8.7% |
| Profit (loss) for the period | 9904 | €174,000 | €162,932 | -€11,067 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €174,000 | €162,932 | -€11,067 | -6.4% |
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 11 October 2026 via checked.be.