De Klinkaert: 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 Klinkaert
Largest movements
- Receivables within one year -€5,911
down €5,911 (-17.2%), from €34,390 to €28,479
of which Trade receivables: -€4,526
- Cash +€2,631
up €2,631 (+38.0%), from €6,927 to €9,558
mainly Receivables within one year (+€5,911) and Trade debts (+€5,413)
- Stocks and contracts +€1,442
up €1,442 (+19.6%), from €7,365 to €8,807
- Trade debts +€5,413
up €5,413 (+34.6%), from €15,648 to €21,061
- Profit (loss) carried forward -€3,991
down €3,991 (-36.4%), from €10,976 to €6,985
- Tax, wage and social debts -€3,497
down €3,497 (-94.5%), from €3,702 to €205
- Gross operating margin -€7,750
down €7,750 (-98.5%), from €7,869 to €119
- Other operating charges -€469
down €469 (-20.8%), from €2,256 to €1,787
- Financial charges +€173
up €173 (+90.7%), from €191 to €364
- Financial income -€101
down €101 (-30.5%), from €332 to €231
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 | €48,944 | €46,869 | -€2,075 | -4.2% |
| Fixed assets | 21/28 | €263 | €25 | -€238 | -90.5% |
| Tangible fixed assets | 22/27 | €238 | - | -€238 | |
| Plant, machinery and equipment | 23 | €238 | - | -€238 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €48,682 | €46,844 | -€1,838 | -3.8% |
| Stocks and contracts in progress | 3 | €7,365 | €8,807 | +€1,442 | +19.6% |
| Stocks | 30/36 | €7,365 | €8,807 | +€1,442 | +19.6% |
| Amounts receivable within one year | 40/41 | €34,390 | €28,479 | -€5,911 | -17.2% |
| Trade receivables | 40 | €26,239 | €21,712 | -€4,526 | -17.2% |
| Other amounts receivable | 41 | €8,152 | €6,767 | -€1,385 | -17.0% |
| Cash at bank and in hand | 54/58 | €6,927 | €9,558 | +€2,631 | +38.0% |
| Total equity and liabilities | 10/49 | €48,944 | €46,869 | -€2,075 | -4.2% |
| Equity | 10/15 | €29,595 | €25,604 | -€3,991 | -13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19 | €19 | = | 0.0% |
| Non-distributable reserves | 130/1 | €19 | €19 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19 | €19 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,976 | €6,985 | -€3,991 | -36.4% |
| Amounts payable | 17/49 | €19,350 | €21,265 | +€1,916 | +9.9% |
| Amounts payable within one year | 42/48 | €19,350 | €21,265 | +€1,916 | +9.9% |
| Trade debts | 44 | €15,648 | €21,061 | +€5,413 | +34.6% |
| Suppliers | 440/4 | €15,648 | €21,061 | +€5,413 | +34.6% |
| Taxes, remuneration and social security | 45 | €3,702 | €205 | -€3,497 | -94.5% |
| Taxes | 450/3 | €3,702 | €205 | -€3,497 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €238 | = | 0.0% |
| Other operating charges | 640/8 | €2,256 | €1,787 | -€469 | -20.8% |
| Gross operating margin | 9900 | €7,869 | €119 | -€7,750 | -98.5% |
| Operating profit (loss) | 9901 | €5,376 | -€1,905 | -€7,281 | |
| Financial income | 75/76B | €332 | €231 | -€101 | -30.5% |
| Recurring financial income | 75 | €332 | €231 | -€101 | -30.5% |
| Financial charges | 65/66B | €191 | €364 | +€173 | +90.7% |
| Recurring financial charges | 65 | €191 | €364 | +€173 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €5,516 | -€2,039 | -€7,555 | |
| Income taxes | 67/77 | €2,009 | €1,952 | -€56 | -2.8% |
| Profit (loss) for the period | 9904 | €3,508 | -€3,991 | -€7,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,508 | -€3,991 | -€7,499 |
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 15 October 2026 via checked.be.