LE CLAIR & MEERT: 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.
LE CLAIR & MEERT
Largest movements
- Current investments +€544,000
up €544,000, from €0 to €544,000
- Receivables within one year -€211,877
down €211,877 (-28.3%), from €747,727 to €535,850
of which Trade receivables: -€236,943
- Tangible fixed assets -€23,906
down €23,906 (-32.0%), from €74,601 to €50,695
of which Furniture and vehicles: -€15,523
- Cash +€13,508
up €13,508 (+112%), from €12,105 to €25,613
mainly Net result for the year (+€344,489) and Other debts (+€286,786)
- Other debts +€286,786
up €286,786 (+136%), from €211,079 to €497,866
- Advances received +€80,383
up €80,383 (+660%), from €12,173 to €92,556
- Debts after one year -€80,000
down €80,000 (-100%), from €80,000 to €0
- Reserves -€63,662
down €63,662 (-21.9%), from €290,504 to €226,842
of which Tax-exempt reserves: -€51,497
- Trade debts +€59,997
up €59,997 (+60.5%), from €99,201 to €159,198
- Gross operating margin +€258,154
up €258,154 (+59.4%), from €434,881 to €693,035
- Staff costs -€61,980
down €61,980 (-18.2%), from €340,782 to €278,801
- Taxes +€33,926
up €33,926 (+200%), from €16,993 to €50,920
- Write-downs +€10,166
up €10,166 (+99.3%), from -€10,238 to -€72
- Financial income -€9,815
down €9,815 (-37.4%), from €26,237 to €16,422
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 | €923,018 | €1,250,534 | +€327,516 | +35.5% |
| Fixed assets | 21/28 | €75,343 | €51,055 | -€24,289 | -32.2% |
| Intangible fixed assets | 21 | €9 | €0 | -€9 | -100% |
| Tangible fixed assets | 22/27 | €74,601 | €50,695 | -€23,906 | -32.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €67 | €0 | -€67 | -100% |
| Furniture and vehicles | 24 | €58,823 | €43,300 | -€15,523 | -26.4% |
| Other tangible fixed assets | 26 | €15,711 | €7,395 | -€8,316 | -52.9% |
| Financial fixed assets | 28 | €734 | €359 | -€374 | -51.0% |
| Current assets | 29/58 | €847,674 | €1,199,479 | +€351,805 | +41.5% |
| Stocks and contracts in progress | 3 | €85,416 | €90,813 | +€5,398 | +6.3% |
| Stocks | 30/36 | €85,416 | €90,813 | +€5,398 | +6.3% |
| Amounts receivable within one year | 40/41 | €747,727 | €535,850 | -€211,877 | -28.3% |
| Trade receivables | 40 | €730,251 | €493,309 | -€236,943 | -32.4% |
| Other amounts receivable | 41 | €17,475 | €42,541 | +€25,066 | +143% |
| Current investments | 50/53 | €0 | €544,000 | +€544,000 | |
| Cash at bank and in hand | 54/58 | €12,105 | €25,613 | +€13,508 | +112% |
| Deferred charges and accrued income | 490/1 | €2,427 | €3,203 | +€776 | +32.0% |
| Total equity and liabilities | 10/49 | €923,018 | €1,250,534 | +€327,516 | +35.5% |
| Equity | 10/15 | €372,052 | €308,390 | -€63,662 | -17.1% |
| Contributions | 10/11 | €81,548 | €81,548 | = | 0.0% |
| Capital | 10 | €81,548 | €81,548 | = | 0.0% |
| Issued capital | 100 | €81,548 | €81,548 | = | 0.0% |
| Reserves | 13 | €290,504 | €226,842 | -€63,662 | -21.9% |
| Non-distributable reserves | 130/1 | €8,155 | €8,155 | = | 0.0% |
| Legal reserve | 130 | €8,155 | €8,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,433 | €22,935 | -€51,497 | -69.2% |
| Distributable reserves | 133 | €207,917 | €195,752 | -€12,165 | -5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €550,966 | €942,144 | +€391,178 | +71.0% |
| Amounts payable after more than one year | 17 | €80,000 | €0 | -€80,000 | -100% |
| Financial debts | 170/4 | €80,000 | €0 | -€80,000 | -100% |
| Amounts payable within one year | 42/48 | €469,998 | €938,318 | +€468,320 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €81,526 | €80,000 | -€1,526 | -1.9% |
| Financial debts | 43 | - | €50,042 | +€50,042 | |
| Credit institutions | 430/8 | - | €50,042 | +€50,042 | |
| Trade debts | 44 | €99,201 | €159,198 | +€59,997 | +60.5% |
| Suppliers | 440/4 | €99,201 | €159,198 | +€59,997 | +60.5% |
| Advances received on contracts in progress | 46 | €12,173 | €92,556 | +€80,383 | +660% |
| Taxes, remuneration and social security | 45 | €66,019 | €58,657 | -€7,362 | -11.2% |
| Taxes | 450/3 | €22,153 | €28,719 | +€6,566 | +29.6% |
| Remuneration and social security | 454/9 | €43,866 | €29,938 | -€13,928 | -31.8% |
| Other amounts payable | 47/48 | €211,079 | €497,866 | +€286,786 | +136% |
| Accrued charges and deferred income | 492/3 | €968 | €3,826 | +€2,858 | +295% |
| Remuneration, social security and pensions | 62 | €340,782 | €278,801 | -€61,980 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,767 | €25,535 | -€7,232 | -22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,238 | -€72 | +€10,166 | +99.3% |
| Other operating charges | 640/8 | €2,907 | €1,851 | -€1,056 | -36.3% |
| Gross operating margin | 9900 | €434,881 | €693,035 | +€258,154 | +59.4% |
| Operating profit (loss) | 9901 | €68,664 | €386,919 | +€318,255 | +463% |
| Financial income | 75/76B | €26,237 | €16,422 | -€9,815 | -37.4% |
| Recurring financial income | 75 | €26,237 | €16,422 | -€9,815 | -37.4% |
| Financial charges | 65/66B | €10,459 | €7,933 | -€2,526 | -24.2% |
| Recurring financial charges | 65 | €10,459 | €7,933 | -€2,526 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €84,442 | €395,408 | +€310,966 | +368% |
| Income taxes | 67/77 | €16,993 | €50,920 | +€33,926 | +200% |
| Profit (loss) for the period | 9904 | €67,449 | €344,489 | +€277,039 | +411% |
| Profit (loss) for the period to be appropriated | 9905 | €67,449 | €344,489 | +€277,039 | +411% |
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 14 October 2026 via checked.be.