DE KLUYS: what changed
Two fiscal 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 KLUYS
Largest movements
- Current investments +€2.3m
new in 2025: €2.3m
- Stocks and contracts -€1.8m
down €1.8m (-74.1%), from €2.5m to €639,269
- Cash +€112,489
up €112,489 (+36.3%), from €310,113 to €422,603
mainly Stocks and contracts (+€1.8m) and Net result for the year (+€416,915)
- Reserves +€384,210
new in 2025: €384,210
- Debts after one year -€281,849
down €281,849 (-13.8%), from €2.0m to €1.8m
of which Financial debts: -€281,849
- Trade debts +€266,605
up €266,605 (+217.4%), from €122,648 to €389,253
- Other debts +€100,000
up €100,000 (+20.6%), from €484,586 to €584,586
- Tax, wage and social debts +€67,346
new in 2025: €67,346
- Gross operating margin +€518,890
up €518,890, from -€5,483 to €513,407
- Taxes +€128,080
new in 2025: €128,080
- Financial income +€32,532
up €32,532, from €0 to €32,532
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.
Cash bridge derived
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 | €2,893,700 | €3,464,654 | +€570,954 | +19.7% |
| Current assets | 29/58 | €2,893,700 | €3,464,654 | +€570,954 | +19.7% |
| Stocks and contracts in progress | 3 | €2,465,404 | €639,269 | -€1.8m | -74.1% |
| Stocks | 30/36 | €2,465,404 | €639,269 | -€1.8m | -74.1% |
| Amounts receivable within one year | 40/41 | €115,437 | €145,099 | +€29,661 | +25.7% |
| Trade receivables | 40 | - | €104,419 | +€104,419 | |
| Other amounts receivable | 41 | €115,437 | €40,680 | -€74,758 | -64.8% |
| Current investments | 50/53 | - | €2,257,684 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €310,113 | €422,603 | +€112,489 | +36.3% |
| Deferred charges and accrued income | 490/1 | €2,744 | €0 | -€2,744 | -100.0% |
| Total equity and liabilities | 10/49 | €2,893,700 | €3,464,654 | +€570,954 | +19.7% |
| Equity | 10/15 | -€32,404 | €384,510 | +€416,915 | |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | - | €384,210 | +€384,210 | |
| Distributable reserves | 133 | - | €384,210 | +€384,210 | |
| Profit (loss) carried forward | 14 | -€32,704 | €0 | +€32,704 | |
| Amounts payable | 17/49 | €2,926,104 | €3,080,143 | +€154,039 | +5.3% |
| Amounts payable after more than one year | 17 | €2,038,959 | €1,757,110 | -€281,849 | -13.8% |
| Financial debts | 170/4 | €2,038,959 | €1,757,110 | -€281,849 | -13.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €887,145 | €1,323,033 | +€435,888 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €279,911 | €281,849 | +€1,937 | +0.7% |
| Trade debts | 44 | €122,648 | €389,253 | +€266,605 | +217.4% |
| Suppliers | 440/4 | €122,648 | €389,253 | +€266,605 | +217.4% |
| Taxes, remuneration and social security | 45 | - | €67,346 | +€67,346 | |
| Taxes | 450/3 | - | €67,346 | +€67,346 | |
| Other amounts payable | 47/48 | €484,586 | €584,586 | +€100,000 | +20.6% |
| Other operating charges | 640/8 | €3,735 | €531 | -€3,203 | -85.8% |
| Gross operating margin | 9900 | -€5,483 | €513,407 | +€518,890 | |
| Operating profit (loss) | 9901 | -€9,217 | €512,876 | +€522,093 | |
| Financial income | 75/76B | €0 | €32,532 | +€32,532 | |
| Recurring financial income | 75 | €0 | €32,532 | +€32,532 | |
| Financial charges | 65/66B | €182 | €413 | +€232 | +127.3% |
| Recurring financial charges | 65 | €182 | €413 | +€232 | +127.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,399 | €544,994 | +€554,394 | |
| Income taxes | 67/77 | - | €128,080 | +€128,080 | |
| Profit (loss) for the period | 9904 | -€9,399 | €416,915 | +€426,314 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,399 | €416,915 | +€426,314 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.