DEN KLAUWAERT: 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.
DEN KLAUWAERT
Largest movements
- Tangible fixed assets -€9,978
down €9,978 (-55.8%), from €17,887 to €7,909
- Cash +€3,787
up €3,787 (+510%), from €743 to €4,530
mainly Depreciation (+€9,978) and Trade debts (+€7,518)
- Stocks and contracts +€2,635
up €2,635 (+34.2%), from €7,714 to €10,349
- Receivables within one year +€790
new in 2025: €790
- Other debts -€18,746
down €18,746 (-46.7%), from €40,145 to €21,399
- Trade debts +€7,518
up €7,518 (+1,031%), from €729 to €8,247
- Profit (loss) carried forward +€6,506
up €6,506 (+5.3%), from -€123,511 to -€117,005
- Tax, wage and social debts +€1,956
up €1,956 (+264%), from €741 to €2,697
- Turnover -€110,696
no longer reported in 2025 (was €110,696)
- Gross operating margin +€16,482
up €16,482 (+768%), from €2,145 to €18,627
- Other operating charges -€3,767
down €3,767 (-72.7%), from €5,185 to €1,418
- Purchases and services -€1,318
down €1,318 (-1.2%), from €108,551 to €107,233
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 | €26,344 | €23,578 | -€2,766 | -10.5% |
| Fixed assets | 21/28 | €17,887 | €7,909 | -€9,978 | -55.8% |
| Tangible fixed assets | 22/27 | €17,887 | €7,909 | -€9,978 | -55.8% |
| Plant, machinery and equipment | 23 | €17,887 | €7,909 | -€9,978 | -55.8% |
| Current assets | 29/58 | €8,457 | €15,669 | +€7,212 | +85.3% |
| Stocks and contracts in progress | 3 | €7,714 | €10,349 | +€2,635 | +34.2% |
| Stocks | 30/36 | €7,714 | €10,349 | +€2,635 | +34.2% |
| Amounts receivable within one year | 40/41 | - | €790 | +€790 | |
| Other amounts receivable | 41 | - | €790 | +€790 | |
| Cash at bank and in hand | 54/58 | €743 | €4,530 | +€3,787 | +510% |
| Total equity and liabilities | 10/49 | €26,344 | €23,578 | -€2,766 | -10.5% |
| Equity | 10/15 | -€112,311 | -€105,805 | +€6,506 | +5.8% |
| Contributions | 10/11 | €11,200 | €11,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,511 | -€117,005 | +€6,506 | +5.3% |
| Amounts payable | 17/49 | €138,655 | €129,383 | -€9,272 | -6.7% |
| Amounts payable after more than one year | 17 | €89,540 | €89,540 | = | 0.0% |
| Financial debts | 170/4 | €89,540 | €89,540 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,115 | €39,843 | -€9,272 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €729 | €8,247 | +€7,518 | +1,031% |
| Suppliers | 440/4 | €729 | €8,247 | +€7,518 | +1,031% |
| Taxes, remuneration and social security | 45 | €741 | €2,697 | +€1,956 | +264% |
| Taxes | 450/3 | €741 | €2,697 | +€1,956 | +264% |
| Other amounts payable | 47/48 | €40,145 | €21,399 | -€18,746 | -46.7% |
| Turnover | 70 | €110,696 | - | -€110,696 | |
| Goods, raw materials, services and sundry goods | 60/61 | €108,551 | €107,233 | -€1,318 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,984 | €9,978 | -€6 | -0.1% |
| Other operating charges | 640/8 | €5,185 | €1,418 | -€3,767 | -72.7% |
| Gross operating margin | 9900 | €2,145 | €18,627 | +€16,482 | +768% |
| Operating profit (loss) | 9901 | -€13,024 | €7,231 | +€20,255 | |
| Financial income | 75/76B | €48 | €10 | -€38 | -79.2% |
| Recurring financial income | 75 | €48 | €10 | -€38 | -79.2% |
| Financial charges | 65/66B | €340 | €219 | -€121 | -35.6% |
| Recurring financial charges | 65 | €340 | €219 | -€121 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,316 | €7,022 | +€20,338 | |
| Income taxes | 67/77 | €516 | €516 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,832 | €6,506 | +€20,338 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,832 | €6,506 | +€20,338 |
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 24 October 2026 via checked.be.