N.V. CLAEYS: 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.
N.V. CLAEYS
Largest movements
- Tangible fixed assets -€12,458
down €12,458 (-20.4%), from €61,057 to €48,599
of which Furniture and vehicles: -€12,273
- Receivables within one year -€4,770
down €4,770 (-48.3%), from €9,868 to €5,098
of which Trade receivables: -€5,294
- Debts after one year +€53,973
up €53,973 (+7.5%), from €724,004 to €777,977
- Profit (loss) carried forward -€34,708
down €34,708 (-3.4%), from -€1.0m to -€1.0m
- Tax, wage and social debts -€17,204
down €17,204 (-52.1%), from €33,050 to €15,846
of which Taxes: -€9,697
- Trade debts -€15,057
down €15,057 (-61.1%), from €24,647 to €9,590
- Staff costs -€57,842
down €57,842 (-98.0%), from €59,043 to €1,201
- Gross operating margin -€15,048
down €15,048 (-578%), from -€2,605 to -€17,653
- Financial charges +€1,413
up €1,413 (+359%), from €394 to €1,807
- Other operating charges -€835
down €835 (-38.7%), from €2,157 to €1,322
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 | €305,541 | €292,545 | -€12,996 | -4.3% |
| Fixed assets | 21/28 | €62,157 | €49,699 | -€12,458 | -20.0% |
| Tangible fixed assets | 22/27 | €61,057 | €48,599 | -€12,458 | -20.4% |
| Plant, machinery and equipment | 23 | €433 | €248 | -€185 | -42.8% |
| Furniture and vehicles | 24 | €60,624 | €48,351 | -€12,273 | -20.2% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €243,384 | €242,846 | -€538 | -0.2% |
| Amounts receivable after more than one year | 29 | €129,673 | €130,813 | +€1,140 | +0.9% |
| Other amounts receivable | 291 | €129,673 | €130,813 | +€1,140 | +0.9% |
| Stocks and contracts in progress | 3 | €102,757 | €102,757 | = | 0.0% |
| Stocks | 30/36 | €102,757 | €102,757 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,868 | €5,098 | -€4,770 | -48.3% |
| Trade receivables | 40 | €9,808 | €4,514 | -€5,294 | -54.0% |
| Other amounts receivable | 41 | €61 | €584 | +€523 | +861% |
| Current investments | 50/53 | €6 | €0 | -€6 | -100% |
| Cash at bank and in hand | 54/58 | €1,080 | €3,861 | +€2,780 | +257% |
| Deferred charges and accrued income | 490/1 | €0 | €318 | +€318 | |
| Total equity and liabilities | 10/49 | €305,541 | €292,545 | -€12,996 | -4.3% |
| Equity | 10/15 | -€477,280 | -€511,988 | -€34,708 | -7.3% |
| Contributions | 10/11 | €322,500 | €322,500 | = | 0.0% |
| Capital | 10 | €322,500 | €322,500 | = | 0.0% |
| Issued capital | 100 | €322,500 | €322,500 | = | 0.0% |
| Reserves | 13 | €212,565 | €212,565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,250 | €32,250 | = | 0.0% |
| Legal reserve | 130 | €32,250 | €32,250 | = | 0.0% |
| Distributable reserves | 133 | €180,315 | €180,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,012,344 | -€1,047,052 | -€34,708 | -3.4% |
| Provisions and deferred taxes | 16 | €1,120 | €1,120 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,120 | €1,120 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,120 | €1,120 | = | 0.0% |
| Amounts payable | 17/49 | €781,701 | €803,413 | +€21,712 | +2.8% |
| Amounts payable after more than one year | 17 | €724,004 | €777,977 | +€53,973 | +7.5% |
| Other amounts payable | 178/9 | €724,004 | €777,977 | +€53,973 | +7.5% |
| Amounts payable within one year | 42/48 | €57,697 | €25,436 | -€32,261 | -55.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €24,647 | €9,590 | -€15,057 | -61.1% |
| Suppliers | 440/4 | €24,647 | €9,590 | -€15,057 | -61.1% |
| Taxes, remuneration and social security | 45 | €33,050 | €15,846 | -€17,204 | -52.1% |
| Taxes | 450/3 | €14,400 | €4,702 | -€9,697 | -67.3% |
| Remuneration and social security | 454/9 | €18,650 | €11,143 | -€7,507 | -40.3% |
| Remuneration, social security and pensions | 62 | €59,043 | €1,201 | -€57,842 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,458 | €12,458 | -€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,157 | €1,322 | -€835 | -38.7% |
| Gross operating margin | 9900 | -€2,605 | -€17,653 | -€15,048 | -578% |
| Operating profit (loss) | 9901 | -€76,263 | -€32,634 | +€43,630 | +57.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €394 | €1,807 | +€1,413 | +359% |
| Recurring financial charges | 65 | €394 | €1,807 | +€1,413 | +359% |
| Profit (loss) for the period before taxes | 9903 | -€76,657 | -€34,441 | +€42,216 | +55.1% |
| Income taxes | 67/77 | €218 | €267 | +€49 | +22.4% |
| Profit (loss) for the period | 9904 | -€76,875 | -€34,708 | +€42,167 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,875 | -€34,708 | +€42,167 | +54.9% |
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 24 October 2026 via checked.be.