LA CLAVELIERE: 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.
LA CLAVELIERE
Largest movements
- Tangible fixed assets -€10,806
down €10,806 (-5.6%), from €193,584 to €182,778
- Receivables within one year -€10,543
down €10,543 (-23.2%), from €45,384 to €34,842
- Cash -€6,274
down €6,274 (-70.1%), from €8,952 to €2,678
mainly Contributions, distributions and other (-€32,140) and Provisions (-€2,811)
- Reserves -€25,999
down €25,999 (-17.2%), from €151,026 to €125,027
of which Distributable reserves: -€20,540
- Provisions -€2,811
down €2,811 (-6.2%), from €45,273 to €42,462
- Gross operating margin -€3,135
down €3,135 (-11.9%), from €26,446 to €23,311
- Taxes -€1,983
down €1,983 (-26.2%), from €7,561 to €5,578
- Other operating charges +€1,663
up €1,663 (+104%), from €1,593 to €3,256
- Depreciation -€1,003
down €1,003 (-8.5%), from €11,810 to €10,806
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 | €248,165 | €220,458 | -€27,707 | -11.2% |
| Fixed assets | 21/28 | €193,584 | €182,778 | -€10,806 | -5.6% |
| Tangible fixed assets | 22/27 | €193,584 | €182,778 | -€10,806 | -5.6% |
| Land and buildings | 22 | €193,584 | €182,778 | -€10,806 | -5.6% |
| Current assets | 29/58 | €54,581 | €37,680 | -€16,901 | -31.0% |
| Amounts receivable within one year | 40/41 | €45,384 | €34,842 | -€10,543 | -23.2% |
| Other amounts receivable | 41 | €45,384 | €34,842 | -€10,543 | -23.2% |
| Cash at bank and in hand | 54/58 | €8,952 | €2,678 | -€6,274 | -70.1% |
| Deferred charges and accrued income | 490/1 | €245 | €160 | -€85 | -34.5% |
| Total equity and liabilities | 10/49 | €248,165 | €220,458 | -€27,707 | -11.2% |
| Equity | 10/15 | €194,444 | €168,468 | -€25,975 | -13.4% |
| Contributions | 10/11 | €42,142 | €42,142 | = | 0.0% |
| Reserves | 13 | €151,026 | €125,027 | -€25,999 | -17.2% |
| Non-distributable reserves | 130/1 | €4,214 | €4,214 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,214 | €4,214 | = | 0.0% |
| Tax-exempt reserves | 132 | €87,922 | €82,463 | -€5,459 | -6.2% |
| Distributable reserves | 133 | €58,890 | €38,350 | -€20,540 | -34.9% |
| Profit (loss) carried forward | 14 | €1,276 | €1,299 | +€24 | +1.8% |
| Provisions and deferred taxes | 16 | €45,273 | €42,462 | -€2,811 | -6.2% |
| Deferred taxes | 168 | €45,273 | €42,462 | -€2,811 | -6.2% |
| Amounts payable | 17/49 | €8,449 | €9,527 | +€1,078 | +12.8% |
| Amounts payable after more than one year | 17 | €1,475 | €1,475 | = | 0.0% |
| Other amounts payable | 178/9 | €1,475 | €1,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,174 | €7,652 | +€1,478 | +23.9% |
| Trade debts | 44 | €635 | €2,505 | +€1,870 | +295% |
| Suppliers | 440/4 | €635 | €2,505 | +€1,870 | +295% |
| Taxes, remuneration and social security | 45 | €5,540 | €5,148 | -€392 | -7.1% |
| Taxes | 450/3 | €5,540 | €5,148 | -€392 | -7.1% |
| Accrued charges and deferred income | 492/3 | €800 | €400 | -€400 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,810 | €10,806 | -€1,003 | -8.5% |
| Other operating charges | 640/8 | €1,593 | €3,256 | +€1,663 | +104% |
| Gross operating margin | 9900 | €26,446 | €23,311 | -€3,135 | -11.9% |
| Operating profit (loss) | 9901 | €13,042 | €9,248 | -€3,794 | -29.1% |
| Financial charges | 65/66B | €312 | €316 | +€4 | +1.3% |
| Recurring financial charges | 65 | €312 | €316 | +€4 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €12,731 | €8,933 | -€3,798 | -29.8% |
| Transfer from deferred taxes | 780 | €2,976 | €2,811 | -€165 | -5.6% |
| Income taxes | 67/77 | €7,561 | €5,578 | -€1,983 | -26.2% |
| Profit (loss) for the period | 9904 | €8,146 | €6,165 | -€1,981 | -24.3% |
| Transfer from tax-exempt reserves | 789 | €5,780 | €5,459 | -€322 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,926 | €11,624 | -€2,302 | -16.5% |
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 21 October 2026 via checked.be.