KL & CO: 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.
KL & CO
Largest movements
- Tangible fixed assets +€91,401
up €91,401 (+179%), from €51,155 to €142,555
of which Furniture and vehicles: +€88,316
- Current investments -€53,533
down €53,533 (-19.7%), from €272,327 to €218,794
- Receivables within one year -€29,744
down €29,744 (-53.1%), from €56,016 to €26,271
of which Trade receivables: -€36,841
- Cash +€13,768
up €13,768 (+59.2%), from €23,251 to €37,019
mainly Current investments (+€53,533) and Debts after one year (+€52,925)
- Debts after one year +€52,925
new in 2025: €52,925
- Other debts -€17,923
down €17,923 (-44.2%), from €40,528 to €22,605
- Tax, wage and social debts -€15,455
down €15,455 (-37.2%), from €41,512 to €26,058
- Current portion of long-term debt +€12,075
new in 2025: €12,075
- Gross operating margin -€141,399
down €141,399 (-85.3%), from €165,710 to €24,311
- Taxes -€52,920
down €52,920 (-94.5%), from €55,990 to €3,070
- Financial income -€13,501
down €13,501 (-25.6%), from €52,641 to €39,140
- Financial charges +€3,474
up €3,474 (+129%), from €2,704 to €6,178
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 | €406,462 | €432,339 | +€25,877 | +6.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €51,155 | €142,555 | +€91,401 | +179% |
| Tangible fixed assets | 22/27 | €51,155 | €142,555 | +€91,401 | +179% |
| Plant, machinery and equipment | 23 | €5,133 | €8,218 | +€3,085 | +60.1% |
| Furniture and vehicles | 24 | €46,021 | €134,337 | +€88,316 | +192% |
| Current assets | 29/58 | €355,307 | €289,783 | -€65,524 | -18.4% |
| Amounts receivable within one year | 40/41 | €56,016 | €26,271 | -€29,744 | -53.1% |
| Trade receivables | 40 | €56,016 | €19,175 | -€36,841 | -65.8% |
| Other amounts receivable | 41 | - | €7,097 | +€7,097 | |
| Current investments | 50/53 | €272,327 | €218,794 | -€53,533 | -19.7% |
| Cash at bank and in hand | 54/58 | €23,251 | €37,019 | +€13,768 | +59.2% |
| Deferred charges and accrued income | 490/1 | €3,714 | €7,700 | +€3,986 | +107% |
| Total equity and liabilities | 10/49 | €406,462 | €432,339 | +€25,877 | +6.4% |
| Equity | 10/15 | €321,450 | €318,004 | -€3,446 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €302,850 | €299,404 | -€3,446 | -1.1% |
| Distributable reserves | 133 | €302,850 | €299,404 | -€3,446 | -1.1% |
| Amounts payable | 17/49 | €85,012 | €114,335 | +€29,323 | +34.5% |
| Amounts payable after more than one year | 17 | - | €52,925 | +€52,925 | |
| Financial debts | 170/4 | - | €52,925 | +€52,925 | |
| Amounts payable within one year | 42/48 | €85,012 | €61,410 | -€23,602 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,075 | +€12,075 | |
| Trade debts | 44 | €2,972 | €672 | -€2,300 | -77.4% |
| Suppliers | 440/4 | €2,972 | €672 | -€2,300 | -77.4% |
| Taxes, remuneration and social security | 45 | €41,512 | €26,058 | -€15,455 | -37.2% |
| Taxes | 450/3 | €41,512 | €26,058 | -€15,455 | -37.2% |
| Other amounts payable | 47/48 | €40,528 | €22,605 | -€17,923 | -44.2% |
| Non-recurring operating income | 76A | - | €6,787 | +€6,787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,429 | €17,216 | -€213 | -1.2% |
| Other operating charges | 640/8 | €1,232 | €1,393 | +€161 | +13.1% |
| Non-recurring operating charges | 66A | - | €9,807 | +€9,807 | |
| Gross operating margin | 9900 | €165,710 | €24,311 | -€141,399 | -85.3% |
| Operating profit (loss) | 9901 | €147,050 | -€4,104 | -€151,154 | |
| Financial income | 75/76B | €52,641 | €39,140 | -€13,501 | -25.6% |
| Recurring financial income | 75 | €52,641 | €39,140 | -€13,501 | -25.6% |
| Financial charges | 65/66B | €2,704 | €6,178 | +€3,474 | +129% |
| Recurring financial charges | 65 | €2,704 | €6,178 | +€3,474 | +129% |
| Profit (loss) for the period before taxes | 9903 | €196,987 | €28,858 | -€168,129 | -85.4% |
| Income taxes | 67/77 | €55,990 | €3,070 | -€52,920 | -94.5% |
| Profit (loss) for the period | 9904 | €140,997 | €25,788 | -€115,209 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €140,997 | €25,788 | -€115,209 | -81.7% |
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 18 October 2026 via checked.be.