DE KLAVERHOEVE: 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.
DE KLAVERHOEVE
Largest movements
- Cash +€72,830
up €72,830 (+223%), from €32,710 to €105,540
mainly Net result for the year (+€56,829) and Depreciation (+€15,993)
- Tangible fixed assets -€14,865
down €14,865 (-4.3%), from €349,529 to €334,664
- Reserves +€56,829
up €56,829 (+30.5%), from €186,492 to €243,321
- Gross operating margin +€19,245
up €19,245 (+22.7%), from €84,703 to €103,947
- Taxes +€7,249
up €7,249 (+37.5%), from €19,309 to €26,558
- Financial charges -€3,917
down €3,917 (-77.6%), from €5,048 to €1,132
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 | €390,618 | €449,691 | +€59,073 | +15.1% |
| Fixed assets | 21/28 | €350,819 | €335,954 | -€14,865 | -4.2% |
| Tangible fixed assets | 22/27 | €349,529 | €334,664 | -€14,865 | -4.3% |
| Land and buildings | 22 | €324,317 | €318,097 | -€6,220 | -1.9% |
| Plant, machinery and equipment | 23 | €3,171 | €1,891 | -€1,280 | -40.4% |
| Furniture and vehicles | 24 | €22,041 | €14,676 | -€7,365 | -33.4% |
| Financial fixed assets | 28 | €1,289 | €1,289 | = | 0.0% |
| Current assets | 29/58 | €39,799 | €113,737 | +€73,938 | +186% |
| Stocks and contracts in progress | 3 | €1,048 | €2,087 | +€1,038 | +99.0% |
| Stocks | 30/36 | €1,048 | €2,087 | +€1,038 | +99.0% |
| Amounts receivable within one year | 40/41 | €1,379 | €2,727 | +€1,348 | +97.8% |
| Trade receivables | 40 | €120 | €1,468 | +€1,348 | +1,123% |
| Other amounts receivable | 41 | €1,259 | €1,259 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €32,710 | €105,540 | +€72,830 | +223% |
| Deferred charges and accrued income | 490/1 | €4,662 | €3,384 | -€1,278 | -27.4% |
| Total equity and liabilities | 10/49 | €390,618 | €449,691 | +€59,073 | +15.1% |
| Equity | 10/15 | €356,465 | €413,294 | +€56,829 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €151,381 | €151,381 | = | 0.0% |
| Reserves | 13 | €186,492 | €243,321 | +€56,829 | +30.5% |
| Distributable reserves | 133 | €186,492 | €243,321 | +€56,829 | +30.5% |
| Amounts payable | 17/49 | €34,153 | €36,397 | +€2,244 | +6.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,153 | €36,397 | +€2,244 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,168 | €4,547 | +€1,379 | +43.5% |
| Suppliers | 440/4 | €3,168 | €4,547 | +€1,379 | +43.5% |
| Taxes, remuneration and social security | 45 | €3,751 | €6,203 | +€2,452 | +65.4% |
| Taxes | 450/3 | €3,751 | €6,203 | +€2,452 | +65.4% |
| Other amounts payable | 47/48 | €27,234 | €25,646 | -€1,588 | -5.8% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,756 | €15,993 | +€238 | +1.5% |
| Other operating charges | 640/8 | €3,978 | €3,691 | -€287 | -7.2% |
| Gross operating margin | 9900 | €84,703 | €103,947 | +€19,245 | +22.7% |
| Operating profit (loss) | 9901 | €64,969 | €84,263 | +€19,294 | +29.7% |
| Financial income | 75/76B | €305 | €256 | -€49 | -16.2% |
| Recurring financial income | 75 | €305 | €256 | -€49 | -16.2% |
| Financial charges | 65/66B | €5,048 | €1,132 | -€3,917 | -77.6% |
| Recurring financial charges | 65 | €5,048 | €1,132 | -€3,917 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €60,226 | €83,387 | +€23,161 | +38.5% |
| Income taxes | 67/77 | €19,309 | €26,558 | +€7,249 | +37.5% |
| Profit (loss) for the period | 9904 | €40,916 | €56,829 | +€15,912 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,916 | €56,829 | +€15,912 | +38.9% |
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 19 October 2026 via checked.be.