PATRICK CLARYSSE: 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.
PATRICK CLARYSSE
Largest movements
- Tangible fixed assets +€56,241
up €56,241 (+107%), from €52,431 to €108,672
of which Furniture and vehicles: +€67,338
- Cash -€50,235
down €50,235 (-14.7%), from €342,617 to €292,382
mainly Investment in fixed assets (net) (-€81,058) and Other debts (-€8,400)
- Reserves +€9,601
up €9,601 (+4.2%), from €229,531 to €239,132
of which Distributable reserves: +€9,601
- Other debts -€8,400
down €8,400 (-5.3%), from €158,400 to €150,000
- Gross operating margin -€29,404
down €29,404 (-48.9%), from €60,191 to €30,787
- Financial income +€16,147
up €16,147 (+317%), from €5,091 to €21,238
- Depreciation +€6,480
up €6,480 (+35.3%), from €18,337 to €24,817
- Taxes -€3,739
down €3,739 (-63.6%), from €5,883 to €2,144
- Financial charges -€1,325
down €1,325 (-10.9%), from €12,178 to €10,853
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 | €411,845 | €415,114 | +€3,269 | +0.8% |
| Fixed assets | 21/28 | €52,431 | €108,672 | +€56,241 | +107% |
| Tangible fixed assets | 22/27 | €52,431 | €108,672 | +€56,241 | +107% |
| Land and buildings | 22 | €45,158 | €35,123 | -€10,035 | -22.2% |
| Plant, machinery and equipment | 23 | €7,177 | €6,115 | -€1,062 | -14.8% |
| Furniture and vehicles | 24 | €96 | €67,434 | +€67,338 | +69,867% |
| Current assets | 29/58 | €359,414 | €306,442 | -€52,972 | -14.7% |
| Amounts receivable within one year | 40/41 | €13,696 | €11,549 | -€2,146 | -15.7% |
| Trade receivables | 40 | €9,133 | €10,650 | +€1,517 | +16.6% |
| Other amounts receivable | 41 | €4,563 | €899 | -€3,664 | -80.3% |
| Cash at bank and in hand | 54/58 | €342,617 | €292,382 | -€50,235 | -14.7% |
| Deferred charges and accrued income | 490/1 | €3,102 | €2,510 | -€591 | -19.1% |
| Total equity and liabilities | 10/49 | €411,845 | €415,114 | +€3,269 | +0.8% |
| Equity | 10/15 | €249,531 | €259,132 | +€9,601 | +3.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €229,531 | €239,132 | +€9,601 | +4.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €227,531 | €237,132 | +€9,601 | +4.2% |
| Amounts payable | 17/49 | €162,314 | €155,982 | -€6,332 | -3.9% |
| Amounts payable within one year | 42/48 | €162,314 | €155,982 | -€6,332 | -3.9% |
| Trade debts | 44 | €392 | €74 | -€319 | -81.2% |
| Suppliers | 440/4 | €392 | €74 | -€319 | -81.2% |
| Advances received on contracts in progress | 46 | €2,165 | €2,165 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,357 | €3,744 | +€2,387 | +176% |
| Taxes | 450/3 | €1,357 | €3,744 | +€2,387 | +176% |
| Other amounts payable | 47/48 | €158,400 | €150,000 | -€8,400 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,337 | €24,817 | +€6,480 | +35.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,030 | -€70 | +€960 | +93.2% |
| Other operating charges | 640/8 | €4,348 | €4,680 | +€332 | +7.6% |
| Gross operating margin | 9900 | €60,191 | €30,787 | -€29,404 | -48.9% |
| Operating profit (loss) | 9901 | €38,536 | €1,360 | -€37,176 | -96.5% |
| Financial income | 75/76B | €5,091 | €21,238 | +€16,147 | +317% |
| Recurring financial income | 75 | €5,091 | €21,238 | +€16,147 | +317% |
| Financial charges | 65/66B | €12,178 | €10,853 | -€1,325 | -10.9% |
| Recurring financial charges | 65 | €12,178 | €10,853 | -€1,325 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €31,449 | €11,745 | -€19,704 | -62.7% |
| Income taxes | 67/77 | €5,883 | €2,144 | -€3,739 | -63.6% |
| Profit (loss) for the period | 9904 | €25,565 | €9,601 | -€15,964 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,565 | €9,601 | -€15,964 | -62.4% |
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 20 October 2026 via checked.be.