DE KLIPPER: 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 KLIPPER
Largest movements
- Cash +€30,804
up €30,804 (+19.7%), from €156,069 to €186,873
mainly Depreciation (+€84,061) and Net result for the year (+€54,009)
- Receivables within one year +€29,483
up €29,483 (+48.8%), from €60,460 to €89,943
of which Trade receivables: +€19,703
- Stocks and contracts -€10,416
down €10,416 (-11.4%), from €91,106 to €80,689
- Trade debts +€50,479
up €50,479 (+68.0%), from €74,223 to €124,702
- Tax, wage and social debts +€8,183
up €8,183 (+19.9%), from €41,041 to €49,224
of which Remuneration and social security: +€8,956
- Other operating charges +€77,878
up €77,878 (+1,974%), from €3,945 to €81,822
- Write-downs -€75,000
new in 2025: -€75,000
- Gross operating margin +€42,421
up €42,421 (+8.2%), from €518,350 to €560,771
- Staff costs +€15,340
up €15,340 (+4.0%), from €388,023 to €403,363
- Depreciation -€10,997
down €10,997 (-11.6%), from €95,057 to €84,061
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 | €650,777 | €707,544 | +€56,767 | +8.7% |
| Fixed assets | 21/28 | €336,049 | €342,221 | +€6,172 | +1.8% |
| Tangible fixed assets | 22/27 | €326,049 | €332,221 | +€6,172 | +1.9% |
| Land and buildings | 22 | €119,755 | €131,082 | +€11,327 | +9.5% |
| Plant, machinery and equipment | 23 | €129,036 | €140,345 | +€11,309 | +8.8% |
| Furniture and vehicles | 24 | €17,987 | €10,625 | -€7,363 | -40.9% |
| Other tangible fixed assets | 26 | €59,270 | €50,169 | -€9,101 | -15.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €314,728 | €365,323 | +€50,595 | +16.1% |
| Stocks and contracts in progress | 3 | €91,106 | €80,689 | -€10,416 | -11.4% |
| Stocks | 30/36 | €91,106 | €80,689 | -€10,416 | -11.4% |
| Amounts receivable within one year | 40/41 | €60,460 | €89,943 | +€29,483 | +48.8% |
| Trade receivables | 40 | €49,595 | €69,298 | +€19,703 | +39.7% |
| Other amounts receivable | 41 | €10,865 | €20,645 | +€9,780 | +90.0% |
| Cash at bank and in hand | 54/58 | €156,069 | €186,873 | +€30,804 | +19.7% |
| Deferred charges and accrued income | 490/1 | €7,094 | €7,818 | +€724 | +10.2% |
| Total equity and liabilities | 10/49 | €650,777 | €707,544 | +€56,767 | +8.7% |
| Equity | 10/15 | €128,827 | €129,336 | +€509 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,227 | €110,736 | +€509 | +0.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €110,227 | €110,736 | +€509 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €521,951 | €578,208 | +€56,258 | +10.8% |
| Amounts payable after more than one year | 17 | €134,913 | €129,322 | -€5,591 | -4.1% |
| Financial debts | 170/4 | €59,913 | €54,322 | -€5,591 | -9.3% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €387,037 | €448,887 | +€61,849 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €30,442 | €28,087 | -€2,355 | -7.7% |
| Trade debts | 44 | €74,223 | €124,702 | +€50,479 | +68.0% |
| Suppliers | 440/4 | €74,223 | €124,702 | +€50,479 | +68.0% |
| Taxes, remuneration and social security | 45 | €41,041 | €49,224 | +€8,183 | +19.9% |
| Taxes | 450/3 | €2,324 | €1,551 | -€773 | -33.3% |
| Remuneration and social security | 454/9 | €38,717 | €47,673 | +€8,956 | +23.1% |
| Other amounts payable | 47/48 | €241,331 | €246,873 | +€5,542 | +2.3% |
| Remuneration, social security and pensions | 62 | €388,023 | €403,363 | +€15,340 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,057 | €84,061 | -€10,997 | -11.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€75,000 | -€75,000 | |
| Other operating charges | 640/8 | €3,945 | €81,822 | +€77,878 | +1,974% |
| Gross operating margin | 9900 | €518,350 | €560,771 | +€42,421 | +8.2% |
| Operating profit (loss) | 9901 | €31,325 | €66,524 | +€35,200 | +112% |
| Financial income | 75/76B | €6 | €621 | +€615 | +11,044% |
| Recurring financial income | 75 | €6 | €621 | +€615 | +11,044% |
| Financial charges | 65/66B | €5,259 | €12,201 | +€6,941 | +132% |
| Recurring financial charges | 65 | €5,259 | €12,201 | +€6,941 | +132% |
| Profit (loss) for the period before taxes | 9903 | €26,071 | €54,944 | +€28,873 | +111% |
| Income taxes | 67/77 | €856 | €936 | +€80 | +9.4% |
| Profit (loss) for the period | 9904 | €25,215 | €54,009 | +€28,793 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €25,215 | €54,009 | +€28,793 | +114% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.