THE CLAN: 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.
THE CLAN
Largest movements
- Tangible fixed assets +€43,099
up €43,099 (+71.8%), from €60,011 to €103,110
- Cash +€29,887
up €29,887 (+407%), from €7,342 to €37,229
mainly Depreciation (+€32,305) and Tax, wage and social debts (+€31,287)
- Stocks and contracts +€16,547
up €16,547 (+5,253%), from €315 to €16,862
- Intangible fixed assets -€15,000
down €15,000 (-23.5%), from €63,822 to €48,822
- Receivables within one year -€4,044
down €4,044 (-49.6%), from €8,152 to €4,108
of which Other amounts receivable: -€6,452
- Tax, wage and social debts +€31,287
up €31,287 (+2,214%), from €1,413 to €32,700
of which Remuneration and social security: +€15,703
- Profit (loss) carried forward +€29,619
up €29,619 (+11.4%), from -€259,927 to -€230,308
- Trade debts +€16,964
up €16,964 (+83.1%), from €20,426 to €37,390
- Debts after one year -€8,099
no longer reported in 2025 (was €8,099)
- Advances received +€4,789
new in 2025: €4,789
- Gross operating margin +€188,387
up €188,387, from -€25,916 to €162,471
- Staff costs +€86,089
new in 2025: €86,089
- Depreciation +€13,043
up €13,043 (+67.7%), from €19,262 to €32,305
- Financial charges +€11,611
up €11,611 (+508%), from €2,286 to €13,897
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 | €139,976 | €211,085 | +€71,109 | +50.8% |
| Fixed assets | 21/28 | €123,833 | €151,932 | +€28,099 | +22.7% |
| Intangible fixed assets | 21 | €63,822 | €48,822 | -€15,000 | -23.5% |
| Tangible fixed assets | 22/27 | €60,011 | €103,110 | +€43,099 | +71.8% |
| Plant, machinery and equipment | 23 | €3,706 | €20,237 | +€16,531 | +446% |
| Furniture and vehicles | 24 | €56,306 | €66,167 | +€9,861 | +17.5% |
| Other tangible fixed assets | 26 | - | €16,706 | +€16,706 | |
| Current assets | 29/58 | €16,143 | €59,153 | +€43,010 | +266% |
| Stocks and contracts in progress | 3 | €315 | €16,862 | +€16,547 | +5,253% |
| Stocks | 30/36 | €315 | €16,862 | +€16,547 | +5,253% |
| Amounts receivable within one year | 40/41 | €8,152 | €4,108 | -€4,044 | -49.6% |
| Trade receivables | 40 | €1,700 | €4,108 | +€2,408 | +142% |
| Other amounts receivable | 41 | €6,452 | - | -€6,452 | |
| Cash at bank and in hand | 54/58 | €7,342 | €37,229 | +€29,887 | +407% |
| Deferred charges and accrued income | 490/1 | €334 | €954 | +€620 | +186% |
| Total equity and liabilities | 10/49 | €139,976 | €211,085 | +€71,109 | +50.8% |
| Equity | 10/15 | -€253,727 | -€224,108 | +€29,619 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€259,927 | -€230,308 | +€29,619 | +11.4% |
| Amounts payable | 17/49 | €393,703 | €435,193 | +€41,490 | +10.5% |
| Amounts payable after more than one year | 17 | €8,099 | - | -€8,099 | |
| Financial debts | 170/4 | €8,099 | - | -€8,099 | |
| Amounts payable within one year | 42/48 | €385,605 | €435,193 | +€49,588 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €10,565 | €8,098 | -€2,467 | -23.3% |
| Trade debts | 44 | €20,426 | €37,390 | +€16,964 | +83.1% |
| Suppliers | 440/4 | €20,426 | €37,390 | +€16,964 | +83.1% |
| Advances received on contracts in progress | 46 | - | €4,789 | +€4,789 | |
| Taxes, remuneration and social security | 45 | €1,413 | €32,700 | +€31,287 | +2,214% |
| Taxes | 450/3 | €1,413 | €16,997 | +€15,584 | +1,103% |
| Remuneration and social security | 454/9 | - | €15,703 | +€15,703 | |
| Other amounts payable | 47/48 | €353,201 | €352,216 | -€985 | -0.3% |
| Remuneration, social security and pensions | 62 | - | €86,089 | +€86,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,262 | €32,305 | +€13,043 | +67.7% |
| Other operating charges | 640/8 | €450 | €800 | +€350 | +77.6% |
| Gross operating margin | 9900 | -€25,916 | €162,471 | +€188,387 | |
| Operating profit (loss) | 9901 | -€45,628 | €43,277 | +€88,905 | |
| Financial income | 75/76B | €10 | €239 | +€229 | +2,413% |
| Recurring financial income | 75 | €10 | €239 | +€229 | +2,413% |
| Financial charges | 65/66B | €2,286 | €13,897 | +€11,611 | +508% |
| Recurring financial charges | 65 | €2,286 | €13,897 | +€11,611 | +508% |
| Profit (loss) for the period before taxes | 9903 | -€47,905 | €29,619 | +€77,524 | |
| Profit (loss) for the period | 9904 | -€47,905 | €29,619 | +€77,524 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,905 | €29,619 | +€77,524 |
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 28 October 2026 via checked.be.