De Kleine Held: 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 Kleine Held
Largest movements
- Tangible fixed assets +€32,431
up €32,431 (+98.8%), from €32,816 to €65,247
of which Furniture and vehicles: +€21,708
- Receivables within one year +€21,250
new in 2025: €21,250
- Profit (loss) carried forward +€34,357
up €34,357 (+79.4%), from €43,284 to €77,641
- Tax, wage and social debts +€13,445
up €13,445 (+54.7%), from €24,574 to €38,019
of which Taxes: +€9,915
- Other debts +€3,840
up €3,840 (+21.1%), from €18,208 to €22,048
- Staff costs +€62,156
up €62,156 (+109%), from €57,003 to €119,159
- Gross operating margin +€44,924
up €44,924 (+34.9%), from €128,706 to €173,630
- Depreciation +€4,562
up €4,562 (+115%), from €3,983 to €8,545
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 | €94,428 | €145,605 | +€51,177 | +54.2% |
| Fixed assets | 21/28 | €35,923 | €68,354 | +€32,431 | +90.3% |
| Tangible fixed assets | 22/27 | €32,816 | €65,247 | +€32,431 | +98.8% |
| Plant, machinery and equipment | 23 | €2,766 | €10,547 | +€7,781 | +281% |
| Furniture and vehicles | 24 | €10,200 | €31,908 | +€21,708 | +213% |
| Other tangible fixed assets | 26 | €19,849 | €22,791 | +€2,942 | +14.8% |
| Financial fixed assets | 28 | €3,107 | €3,107 | = | 0.0% |
| Current assets | 29/58 | €58,505 | €77,251 | +€18,746 | +32.0% |
| Amounts receivable within one year | 40/41 | - | €21,250 | +€21,250 | |
| Trade receivables | 40 | - | €21,250 | +€21,250 | |
| Cash at bank and in hand | 54/58 | €55,926 | €54,860 | -€1,066 | -1.9% |
| Deferred charges and accrued income | 490/1 | €2,579 | €1,141 | -€1,438 | -55.8% |
| Total equity and liabilities | 10/49 | €94,428 | €145,605 | +€51,177 | +54.2% |
| Equity | 10/15 | €48,284 | €82,641 | +€34,357 | +71.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,284 | €77,641 | +€34,357 | +79.4% |
| Amounts payable | 17/49 | €46,144 | €62,963 | +€16,819 | +36.5% |
| Amounts payable within one year | 42/48 | €46,080 | €62,663 | +€16,583 | +36.0% |
| Trade debts | 44 | €3,298 | €2,596 | -€702 | -21.3% |
| Suppliers | 440/4 | €3,298 | €2,596 | -€702 | -21.3% |
| Taxes, remuneration and social security | 45 | €24,574 | €38,019 | +€13,445 | +54.7% |
| Taxes | 450/3 | €12,619 | €22,535 | +€9,915 | +78.6% |
| Remuneration and social security | 454/9 | €11,955 | €15,484 | +€3,529 | +29.5% |
| Other amounts payable | 47/48 | €18,208 | €22,048 | +€3,840 | +21.1% |
| Accrued charges and deferred income | 492/3 | €64 | €300 | +€237 | +372% |
| Remuneration, social security and pensions | 62 | €57,003 | €119,159 | +€62,156 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,983 | €8,545 | +€4,562 | +115% |
| Other operating charges | 640/8 | €75 | €62 | -€13 | -16.8% |
| Non-recurring operating charges | 66A | - | €159 | +€159 | |
| Gross operating margin | 9900 | €128,706 | €173,630 | +€44,924 | +34.9% |
| Operating profit (loss) | 9901 | €67,645 | €45,706 | -€21,940 | -32.4% |
| Financial income | 75/76B | €132 | €406 | +€274 | +208% |
| Recurring financial income | 75 | €132 | €406 | +€274 | +208% |
| Financial charges | 65/66B | €115 | €1,748 | +€1,633 | +1,418% |
| Recurring financial charges | 65 | €115 | €1,748 | +€1,633 | +1,418% |
| Profit (loss) for the period before taxes | 9903 | €67,662 | €44,363 | -€23,299 | -34.4% |
| Income taxes | 67/77 | €11,457 | €10,006 | -€1,451 | -12.7% |
| Profit (loss) for the period | 9904 | €56,205 | €34,357 | -€21,848 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,205 | €34,357 | -€21,848 | -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 29 October 2026 via checked.be.