DE KLUYS: 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.
What changed
DE KLUYS
NACE 01.462, Crop and animal production, hunting and related service activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€576,078
2024 · €1.4m-€789,372
Equity
€4.3m
2024 · €4.4m-€156,878
Cash
€789,951
2024 · €1.5m-€759,332
Balance sheet total
€10.0m
2024 · €10.5m-€551,269
Largest movements
Assets
- Cash -€759,332
down €759,332 (-49.0%), from €1.5m to €789,951
mainly Investment in fixed assets (net) (-€783,402) and Contributions, distributions and other (-€732,955)
- Tangible fixed assets +€120,727
up €120,727 (+2.2%), from €5.5m to €5.6m
of which Plant, machinery and equipment: +€320,734
Equity and liabilities
- Contributions -€461,938
down €461,938 (-28.7%), from €1.6m to €1.2m
- Debts after one year -€379,462
down €379,462 (-11.0%), from €3.5m to €3.1m
- Reserves +€305,060
up €305,060 (+10.8%), from €2.8m to €3.1m
Income statement
- Gross operating margin -€1.2m
down €1.2m (-42.6%), from €2.8m to €1.6m
- Taxes -€368,833
down €368,833 (-59.6%), from €618,340 to €249,507
- Financial income +€40,624
up €40,624 (+220.8%), from €18,397 to €59,020
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.
Result 2024
€1.4m
Gross operating margin
-€1.2m
Depreciation
-€17,221
Other operating charges
+€1,315
Financial income
+€40,624
Financial charges
+€16,814
Taxes
+€368,833
Result 2025
€576,078
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.
From operations
+€1.3m
Investment
-€883,402
Financing
-€1.2m
Cash 2024
€1.5m
From operations (derived)
+€1.3m
Net result for the year
+€576,078
Depreciation
+€645,574
Stocks and contracts
-€4,994
Receivables within one year
+€30,793
Deferred charges and accrued income
+€3,965
Trade debts
-€88,257
Tax, wage and social debts
+€32,613
Other debts
+€100,932
Accrued charges and deferred income
-€10,217
Investment (derived)
-€883,402
Investment in fixed assets (net)
-€783,402
Current investments
-€100,000
Financing
-€1.2m
Debts after one year
-€379,462
Current portion of long-term debt
-€50,000
Contributions, distributions and other
-€732,955
Cash 2025
€789,951
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,542,325 | €9,991,055 | -€551,269 | -5.2% |
| Fixed assets | 21/28 | €5,501,560 | €5,639,387 | +€137,827 | +2.5% |
| Intangible fixed assets | 21 | €28,047 | €45,147 | +€17,100 | +61.0% |
| Tangible fixed assets | 22/27 | €5,472,863 | €5,593,591 | +€120,727 | +2.2% |
| Land and buildings | 22 | €5,092,533 | €4,832,486 | -€260,047 | -5.1% |
| Plant, machinery and equipment | 23 | €232,880 | €553,613 | +€320,734 | +137.7% |
| Furniture and vehicles | 24 | €85,798 | €207,492 | +€121,694 | +141.8% |
| Assets under construction and advance payments | 27 | €61,653 | €0 | -€61,653 | -100.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €5,040,765 | €4,351,668 | -€689,097 | -13.7% |
| Stocks and contracts in progress | 3 | €2,030,971 | €2,035,965 | +€4,994 | +0.2% |
| Stocks | 30/36 | €2,030,971 | €2,035,965 | +€4,994 | +0.2% |
| Amounts receivable within one year | 40/41 | €843,950 | €813,157 | -€30,793 | -3.6% |
| Trade receivables | 40 | €788,371 | €463,605 | -€324,765 | -41.2% |
| Other amounts receivable | 41 | €55,580 | €349,552 | +€293,972 | +528.9% |
| Current investments | 50/53 | €600,000 | €700,000 | +€100,000 | +16.7% |
| Cash at bank and in hand | 54/58 | €1,549,283 | €789,951 | -€759,332 | -49.0% |
| Deferred charges and accrued income | 490/1 | €16,560 | €12,596 | -€3,965 | -23.9% |
| Total equity and liabilities | 10/49 | €10,542,325 | €9,991,055 | -€551,269 | -5.2% |
| Equity | 10/15 | €4,439,555 | €4,282,677 | -€156,878 | -3.5% |
| Contributions | 10/11 | €1,611,938 | €1,150,000 | -€461,938 | -28.7% |
| Reserves | 13 | €2,827,617 | €3,132,677 | +€305,060 | +10.8% |
| Distributable reserves | 133 | €2,827,617 | €3,132,677 | +€305,060 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,102,770 | €5,708,379 | -€394,392 | -6.5% |
| Amounts payable after more than one year | 17 | €3,453,208 | €3,073,745 | -€379,462 | -11.0% |
| Financial debts | 170/4 | €3,453,208 | €3,073,745 | -€379,462 | -11.0% |
| Amounts payable within one year | 42/48 | €2,389,283 | €2,384,571 | -€4,712 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €429,462 | €379,462 | -€50,000 | -11.6% |
| Trade debts | 44 | €581,084 | €492,827 | -€88,257 | -15.2% |
| Suppliers | 440/4 | €581,084 | €492,827 | -€88,257 | -15.2% |
| Taxes, remuneration and social security | 45 | €116,696 | €149,309 | +€32,613 | +27.9% |
| Taxes | 450/3 | €116,696 | €149,309 | +€32,613 | +27.9% |
| Other amounts payable | 47/48 | €1,262,041 | €1,362,973 | +€100,932 | +8.0% |
| Accrued charges and deferred income | 492/3 | €260,279 | €250,062 | -€10,217 | -3.9% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €628,354 | €645,574 | +€17,221 | +2.7% |
| Other operating charges | 640/8 | €25,743 | €24,428 | -€1,315 | -5.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,819,295 | €1,619,558 | -€1.2m | -42.6% |
| Operating profit (loss) | 9901 | €2,165,198 | €949,556 | -€1.2m | -56.1% |
| Financial income | 75/76B | €18,397 | €59,020 | +€40,624 | +220.8% |
| Recurring financial income | 75 | €18,397 | €59,020 | +€40,624 | +220.8% |
| Financial charges | 65/66B | €199,805 | €182,992 | -€16,814 | -8.4% |
| Recurring financial charges | 65 | €199,805 | €182,992 | -€16,814 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €1,983,790 | €825,584 | -€1.2m | -58.4% |
| Income taxes | 67/77 | €618,340 | €249,507 | -€368,833 | -59.6% |
| Profit (loss) for the period | 9904 | €1,365,450 | €576,078 | -€789,372 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,365,450 | €576,078 | -€789,372 | -57.8% |
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 9 October 2026 via checked.be.