KECLAN: 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.
KECLAN
Largest movements
- Stocks and contracts +€376,704
up €376,704 (+25.6%), from €1.5m to €1.8m
- Tangible fixed assets -€52,608
down €52,608 (-21.1%), from €249,826 to €197,219
- Reserves +€225,354
up €225,354 (+106.4%), from €211,801 to €437,155
of which Tax-exempt reserves: +€195,007
- Provisions +€65,002
up €65,002 (+115.3%), from €56,380 to €121,382
- Accrued charges and deferred income +€43,236
up €43,236 (+1542.3%), from €2,803 to €46,039
- Debts after one year -€29,245
down €29,245 (-2.6%), from €1.1m to €1.1m
of which Financial debts: -€27,770
- Other debts +€25,609
up €25,609 (+12.2%), from €209,648 to €235,257
- Gross operating margin +€150,974
up €150,974 (+836.3%), from €18,052 to €169,026
- Financial charges +€51,583
up €51,583 (+121.6%), from €42,428 to €94,011
- Taxes +€32,209
up €32,209, from -€4,187 to €28,022
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 | €1,730,765 | €2,065,917 | +€335,152 | +19.4% |
| Fixed assets | 21/28 | €249,826 | €197,219 | -€52,608 | -21.1% |
| Tangible fixed assets | 22/27 | €249,826 | €197,219 | -€52,608 | -21.1% |
| Land and buildings | 22 | €249,826 | €197,219 | -€52,608 | -21.1% |
| Current assets | 29/58 | €1,480,939 | €1,868,698 | +€387,760 | +26.2% |
| Stocks and contracts in progress | 3 | €1,472,875 | €1,849,578 | +€376,704 | +25.6% |
| Stocks | 30/36 | €1,472,875 | €1,849,578 | +€376,704 | +25.6% |
| Cash at bank and in hand | 54/58 | €8,064 | €18,922 | +€10,858 | +134.6% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €1,730,765 | €2,065,917 | +€335,152 | +19.4% |
| Equity | 10/15 | €291,418 | €516,773 | +€225,354 | +77.3% |
| Contributions | 10/11 | €110,313 | €110,313 | = | 0.0% |
| Reserves | 13 | €211,801 | €437,155 | +€225,354 | +106.4% |
| Non-distributable reserves | 130/1 | €11,031 | €11,031 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,031 | €11,031 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,842 | €321,849 | +€195,007 | +153.7% |
| Distributable reserves | 133 | €73,928 | €104,275 | +€30,347 | +41.0% |
| Profit (loss) carried forward | 14 | -€30,695 | -€30,695 | = | 0.0% |
| Provisions and deferred taxes | 16 | €56,380 | €121,382 | +€65,002 | +115.3% |
| Deferred taxes | 168 | €56,380 | €121,382 | +€65,002 | +115.3% |
| Amounts payable | 17/49 | €1,382,967 | €1,427,762 | +€44,795 | +3.2% |
| Amounts payable after more than one year | 17 | €1,141,622 | €1,112,377 | -€29,245 | -2.6% |
| Financial debts | 170/4 | €1,138,687 | €1,110,917 | -€27,770 | -2.4% |
| Other amounts payable | 178/9 | €2,935 | €1,460 | -€1,475 | -50.3% |
| Amounts payable within one year | 42/48 | €238,542 | €269,346 | +€30,804 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €27,302 | €27,770 | +€468 | +1.7% |
| Trade debts | 44 | €1,593 | €3,285 | +€1,692 | +106.2% |
| Suppliers | 440/4 | €1,593 | €3,285 | +€1,692 | +106.2% |
| Taxes, remuneration and social security | 45 | - | €3,035 | +€3,035 | |
| Taxes | 450/3 | - | €3,035 | +€3,035 | |
| Other amounts payable | 47/48 | €209,648 | €235,257 | +€25,609 | +12.2% |
| Accrued charges and deferred income | 492/3 | €2,803 | €46,039 | +€43,236 | +1542.3% |
| Non-recurring operating income | 76A | - | €146,833 | +€146,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,857 | €21,112 | -€745 | -3.4% |
| Other operating charges | 640/8 | €7,070 | €7,227 | +€157 | +2.2% |
| Gross operating margin | 9900 | €18,052 | €169,026 | +€150,974 | +836.3% |
| Operating profit (loss) | 9901 | -€10,875 | €140,687 | +€151,562 | |
| Financial income | 75/76B | €74 | €31 | -€43 | -58.0% |
| Recurring financial income | 75 | €74 | €31 | -€43 | -58.0% |
| Financial charges | 65/66B | €42,428 | €94,011 | +€51,583 | +121.6% |
| Recurring financial charges | 65 | €42,428 | €94,011 | +€51,583 | +121.6% |
| Profit (loss) for the period before taxes | 9903 | -€53,228 | €46,707 | +€99,935 | |
| Transfer from deferred taxes | 780 | €2,916 | €2,916 | = | 0.0% |
| Income taxes | 67/77 | -€4,187 | €28,022 | +€32,209 | |
| Profit (loss) for the period | 9904 | -€46,126 | €21,601 | +€67,726 | |
| Transfer from tax-exempt reserves | 789 | €8,747 | €8,747 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,379 | €30,347 | +€67,726 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.