K.L.MANAGEMENT: what changed
What changed
K.L.MANAGEMENT
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€354,963
2024 · €351,072+€3,891
Equity
€1.4m
2024 · €1.1m+€226,963
Cash
€84,136
2024 · €158,608-€74,471
Balance sheet total
€3.9m
2024 · €4.2m-€301,750
Largest movements
Assets
- Deferred charges and accrued income -€172,361
down €172,361 (-98.7%), from €174,600 to €2,239
- Cash -€74,471
down €74,471 (-47.0%), from €158,608 to €84,136
mainly Debts after one year (-€291,705) and Current portion of long-term debt (-€258,637)
Equity and liabilities
- Debts after one year -€291,705
down €291,705 (-12.5%), from €2.3m to €2.0m
of which Financial debts: -€411,705
- Current portion of long-term debt -€258,637
down €258,637 (-38.6%), from €670,342 to €411,705
- Reserves +€226,963
up €226,963 (+21.1%), from €1.1m to €1.3m
Income statement
- Financial income +€19,565
up €19,565 (+6.9%), from €285,124 to €304,689
of which Financial income: +€15,016
- Financial charges +€6,100
up €6,100 (+15.8%), from €38,573 to €44,673
of which Financial charges: +€3,887
- Gross operating margin -€5,472
down €5,472 (-2.7%), from €204,498 to €199,026
- Taxes +€2,979
up €2,979 (+4.2%), from €71,759 to €74,738
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€351,072
Gross operating margin
-€5,472
Depreciation
+€523
Other operating charges
-€1,123
Other operating items
-€523
Financial income
+€19,565
Financial charges
-€6,100
Taxes
-€2,979
Result 2025
€354,963
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€604,533
Investment
-€662
Financing
-€678,342
Cash 2024
€158,608
From operations (derived)
+€604,533
Net result for the year
+€354,963
Depreciation
+€24,974
Receivables within one year
+€30,605
Deferred charges and accrued income
+€172,361
Smaller working-capital items
-€740
Tax, wage and social debts
+€9,599
Other debts
+€12,771
Investment (derived)
-€662
Investment in fixed assets (net)
-€662
Financing
-€678,342
Debts after one year
-€291,705
Current portion of long-term debt
-€258,637
Contributions, distributions and other
-€128,000
Cash 2025
€84,136
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,176,616 | €3,874,866 | -€301,750 | -7.2% |
| Fixed assets | 21/28 | €3,780,316 | €3,756,004 | -€24,312 | -0.6% |
| Tangible fixed assets | 22/27 | €97,544 | €72,482 | -€25,062 | -25.7% |
| Plant, machinery and equipment | 23 | €1,765 | €1,554 | -€211 | -11.9% |
| Furniture and vehicles | 24 | €76,014 | €54,647 | -€21,367 | -28.1% |
| Other tangible fixed assets | 26 | €19,766 | €16,281 | -€3,484 | -17.6% |
| Financial fixed assets | 28 | €3,682,772 | €3,683,522 | +€750 | 0.0% |
| Current assets | 29/58 | €396,299 | €118,862 | -€277,438 | -70.0% |
| Amounts receivable within one year | 40/41 | €63,092 | €32,487 | -€30,605 | -48.5% |
| Trade receivables | 40 | €62,392 | €31,787 | -€30,605 | -49.1% |
| Other amounts receivable | 41 | €700 | €700 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,608 | €84,136 | -€74,471 | -47.0% |
| Deferred charges and accrued income | 490/1 | €174,600 | €2,239 | -€172,361 | -98.7% |
| Total equity and liabilities | 10/49 | €4,176,616 | €3,874,866 | -€301,750 | -7.2% |
| Equity | 10/15 | €1,128,075 | €1,355,038 | +€226,963 | +20.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,078,075 | €1,305,038 | +€226,963 | +21.1% |
| Distributable reserves | 133 | €1,078,075 | €1,305,038 | +€226,963 | +21.1% |
| Amounts payable | 17/49 | €3,048,540 | €2,519,828 | -€528,712 | -17.3% |
| Amounts payable after more than one year | 17 | €2,334,491 | €2,042,786 | -€291,705 | -12.5% |
| Financial debts | 170/4 | €1,506,719 | €1,095,014 | -€411,705 | -27.3% |
| Other amounts payable | 178/9 | €827,772 | €947,772 | +€120,000 | +14.5% |
| Amounts payable within one year | 42/48 | €711,582 | €474,543 | -€237,038 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €670,342 | €411,705 | -€258,637 | -38.6% |
| Trade debts | 44 | €3,751 | €2,980 | -€771 | -20.5% |
| Suppliers | 440/4 | €3,751 | €2,980 | -€771 | -20.5% |
| Taxes, remuneration and social security | 45 | €37,078 | €46,676 | +€9,599 | +25.9% |
| Taxes | 450/3 | €34,765 | €46,676 | +€11,912 | +34.3% |
| Remuneration and social security | 454/9 | €2,313 | - | -€2,313 | |
| Other amounts payable | 47/48 | €410 | €13,181 | +€12,771 | +3,112% |
| Accrued charges and deferred income | 492/3 | €2,468 | €2,498 | +€31 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,497 | €24,974 | -€523 | -2.0% |
| Other operating charges | 640/8 | €2,722 | €3,844 | +€1,123 | +41.2% |
| Non-recurring operating charges | 66A | - | €523 | +€523 | |
| Gross operating margin | 9900 | €204,498 | €199,026 | -€5,472 | -2.7% |
| Operating profit (loss) | 9901 | €176,280 | €169,685 | -€6,595 | -3.7% |
| Financial income | 75/76B | €285,124 | €304,689 | +€19,565 | +6.9% |
| Recurring financial income | 75 | €285,124 | €300,140 | +€15,016 | +5.3% |
| Non-recurring financial income | 76B | - | €4,549 | +€4,549 | |
| Financial charges | 65/66B | €38,573 | €44,673 | +€6,100 | +15.8% |
| Recurring financial charges | 65 | €36,998 | €40,885 | +€3,887 | +10.5% |
| Non-recurring financial charges | 66B | €1,575 | €3,788 | +€2,213 | +141% |
| Profit (loss) for the period before taxes | 9903 | €422,831 | €429,701 | +€6,870 | +1.6% |
| Income taxes | 67/77 | €71,759 | €74,738 | +€2,979 | +4.2% |
| Profit (loss) for the period | 9904 | €351,072 | €354,963 | +€3,891 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €351,072 | €354,963 | +€3,891 | +1.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.