De Klepel: 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 Klepel
Largest movements
- Cash -€100,721
down €100,721 (-55.4%), from €181,868 to €81,147
mainly Contributions, distributions and other (-€200,900) and Tax, wage and social debts (-€13,015)
- Receivables within one year -€7,313
down €7,313 (-13.8%), from €52,932 to €45,619
of which Other amounts receivable: -€4,754
- Tangible fixed assets -€2,534
down €2,534 (-14.9%), from €17,013 to €14,478
of which Land and buildings: -€1,967
- Reserves -€127,339
down €127,339 (-97.2%), from €130,957 to €3,617
- Other debts +€32,932
up €32,932 (+70.0%), from €47,059 to €79,991
- Tax, wage and social debts -€13,015
down €13,015 (-34.5%), from €37,748 to €24,734
of which Taxes: -€13,015
- Trade debts -€3,619
down €3,619 (-58.3%), from €6,209 to €2,591
- Gross operating margin +€11,148
up €11,148 (+12.9%), from €86,334 to €97,482
- Write-downs +€3,160
up €3,160, from -€3,160 to €0
- Taxes +€1,395
up €1,395 (+7.7%), from €18,222 to €19,617
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 | €253,116 | €141,933 | -€111,183 | -43.9% |
| Fixed assets | 21/28 | €17,013 | €14,478 | -€2,534 | -14.9% |
| Tangible fixed assets | 22/27 | €17,013 | €14,478 | -€2,534 | -14.9% |
| Land and buildings | 22 | €15,950 | €13,984 | -€1,967 | -12.3% |
| Furniture and vehicles | 24 | €1,063 | €495 | -€568 | -53.4% |
| Current assets | 29/58 | €236,103 | €127,454 | -€108,649 | -46.0% |
| Amounts receivable within one year | 40/41 | €52,932 | €45,619 | -€7,313 | -13.8% |
| Trade receivables | 40 | €48,178 | €45,619 | -€2,558 | -5.3% |
| Other amounts receivable | 41 | €4,754 | €0 | -€4,754 | -100% |
| Cash at bank and in hand | 54/58 | €181,868 | €81,147 | -€100,721 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,303 | €688 | -€616 | -47.2% |
| Total equity and liabilities | 10/49 | €253,116 | €141,933 | -€111,183 | -43.9% |
| Equity | 10/15 | €131,957 | €4,617 | -€127,339 | -96.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,957 | €3,617 | -€127,339 | -97.2% |
| Distributable reserves | 133 | €130,957 | €3,617 | -€127,339 | -97.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €121,159 | €137,315 | +€16,156 | +13.3% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €91,016 | €107,315 | +€16,299 | +17.9% |
| Trade debts | 44 | €6,209 | €2,591 | -€3,619 | -58.3% |
| Suppliers | 440/4 | €6,209 | €2,591 | -€3,619 | -58.3% |
| Taxes, remuneration and social security | 45 | €37,748 | €24,734 | -€13,015 | -34.5% |
| Taxes | 450/3 | €26,186 | €13,171 | -€13,015 | -49.7% |
| Remuneration and social security | 454/9 | €11,563 | €11,563 | = | 0.0% |
| Other amounts payable | 47/48 | €47,059 | €79,991 | +€32,932 | +70.0% |
| Accrued charges and deferred income | 492/3 | €143 | €0 | -€143 | -100% |
| Remuneration, social security and pensions | 62 | €356 | €0 | -€356 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €2,534 | +€65 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,160 | €0 | +€3,160 | |
| Other operating charges | 640/8 | €1,413 | €1,063 | -€350 | -24.8% |
| Gross operating margin | 9900 | €86,334 | €97,482 | +€11,148 | +12.9% |
| Operating profit (loss) | 9901 | €85,254 | €93,884 | +€8,630 | +10.1% |
| Financial income | 75/76B | €76 | €4 | -€72 | -95.3% |
| Recurring financial income | 75 | €76 | €4 | -€72 | -95.3% |
| Financial charges | 65/66B | €671 | €710 | +€39 | +5.7% |
| Recurring financial charges | 65 | €671 | €710 | +€39 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €84,659 | €93,178 | +€8,519 | +10.1% |
| Income taxes | 67/77 | €18,222 | €19,617 | +€1,395 | +7.7% |
| Profit (loss) for the period | 9904 | €66,437 | €73,561 | +€7,124 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,437 | €73,561 | +€7,124 | +10.7% |
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 18 October 2026 via checked.be.