K.L.Z.: what changed
K.L.Z.
Largest movements
- Cash -€52,928
down €52,928 (-99.0%), from €53,477 to €549
mainly Net result for the year (-€107,098) and Tax, wage and social debts (-€7,268)
- Receivables within one year -€40,141
down €40,141 (-27.6%), from €145,292 to €105,151
of which Other amounts receivable: -€31,502
- Profit (loss) carried forward -€107,098
down €107,098 (-72.5%), from €147,699 to €40,601
- Short-term financial debts +€16,426
new in 2025: €16,426
- Tax, wage and social debts -€7,268
down €7,268 (-13.5%), from €53,989 to €46,721
of which Taxes: -€15,801
- Trade debts +€5,074
up €5,074 (+75.4%), from €6,731 to €11,805
- Gross operating margin -€112,778
down €112,778 (-34.2%), from €330,175 to €217,397
- Staff costs +€34,878
up €34,878 (+13.1%), from €266,891 to €301,769
- Taxes -€14,103
down €14,103 (-82.9%), from €17,003 to €2,900
- Other operating charges +€9,657
up €9,657 (+986%), from €979 to €10,636
- Financial charges +€5,562
up €5,562 (+427%), from €1,302 to €6,864
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,879 | €136,981 | -€91,898 | -40.2% |
| Fixed assets | 21/28 | €29,289 | €28,475 | -€814 | -2.8% |
| Tangible fixed assets | 22/27 | €29,044 | €28,230 | -€814 | -2.8% |
| Plant, machinery and equipment | 23 | €1,208 | €933 | -€275 | -22.8% |
| Furniture and vehicles | 24 | €27,837 | €27,298 | -€539 | -1.9% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €199,590 | €108,506 | -€91,084 | -45.6% |
| Amounts receivable within one year | 40/41 | €145,292 | €105,151 | -€40,141 | -27.6% |
| Trade receivables | 40 | €112,063 | €103,424 | -€8,639 | -7.7% |
| Other amounts receivable | 41 | €33,229 | €1,727 | -€31,502 | -94.8% |
| Cash at bank and in hand | 54/58 | €53,477 | €549 | -€52,928 | -99.0% |
| Deferred charges and accrued income | 490/1 | €820 | €2,805 | +€1,985 | +242% |
| Total equity and liabilities | 10/49 | €228,879 | €136,981 | -€91,898 | -40.2% |
| Equity | 10/15 | €168,159 | €61,061 | -€107,098 | -63.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,699 | €40,601 | -€107,098 | -72.5% |
| Amounts payable | 17/49 | €60,721 | €75,920 | +€15,199 | +25.0% |
| Amounts payable within one year | 42/48 | €60,721 | €75,920 | +€15,199 | +25.0% |
| Financial debts | 43 | - | €16,426 | +€16,426 | |
| Credit institutions | 430/8 | - | €16,426 | +€16,426 | |
| Trade debts | 44 | €6,731 | €11,805 | +€5,074 | +75.4% |
| Suppliers | 440/4 | €6,731 | €11,805 | +€5,074 | +75.4% |
| Taxes, remuneration and social security | 45 | €53,989 | €46,721 | -€7,268 | -13.5% |
| Taxes | 450/3 | €37,028 | €21,227 | -€15,801 | -42.7% |
| Remuneration and social security | 454/9 | €16,961 | €25,494 | +€8,533 | +50.3% |
| Other amounts payable | 47/48 | - | €968 | +€968 | |
| Remuneration, social security and pensions | 62 | €266,891 | €301,769 | +€34,878 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,007 | €7,609 | +€602 | +8.6% |
| Other operating charges | 640/8 | €979 | €10,636 | +€9,657 | +986% |
| Gross operating margin | 9900 | €330,175 | €217,397 | -€112,778 | -34.2% |
| Operating profit (loss) | 9901 | €55,298 | -€102,617 | -€157,915 | |
| Financial income | 75/76B | €1,194 | €5,283 | +€4,089 | +342% |
| Recurring financial income | 75 | €1,194 | €5,283 | +€4,089 | +342% |
| Financial charges | 65/66B | €1,302 | €6,864 | +€5,562 | +427% |
| Recurring financial charges | 65 | €1,302 | €6,864 | +€5,562 | +427% |
| Profit (loss) for the period before taxes | 9903 | €55,190 | -€104,198 | -€159,388 | |
| Income taxes | 67/77 | €17,003 | €2,900 | -€14,103 | -82.9% |
| Profit (loss) for the period | 9904 | €38,187 | -€107,098 | -€145,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,187 | -€107,098 | -€145,285 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.