KL consult: 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 consult
Largest movements
- Current investments +€629,139
up €629,139, from €0 to €629,139
- Receivables within one year -€486,238
down €486,238 (-60.9%), from €798,938 to €312,700
of which Other amounts receivable: -€496,107
- Cash -€59,496
down €59,496 (-80.3%), from €74,117 to €14,621
mainly Current investments (-€629,139) and Contributions, distributions and other (-€120,846)
- Tangible fixed assets -€17,772
down €17,772 (-30.7%), from €57,854 to €40,082
- Reserves +€61,547
up €61,547 (+7.1%), from €866,026 to €927,573
- Debts after one year -€10,256
down €10,256 (-41.7%), from €24,593 to €14,337
- Gross operating margin +€28,321
up €28,321 (+11.8%), from €239,673 to €267,993
- Taxes +€8,249
up €8,249 (+11.5%), from €72,031 to €80,280
- Financial income -€3,848
down €3,848 (-20.2%), from €19,046 to €15,198
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 | €941,923 | €1,000,315 | +€58,392 | +6.2% |
| Fixed assets | 21/28 | €57,854 | €40,082 | -€17,772 | -30.7% |
| Tangible fixed assets | 22/27 | €57,854 | €40,082 | -€17,772 | -30.7% |
| Furniture and vehicles | 24 | €57,854 | €40,082 | -€17,772 | -30.7% |
| Current assets | 29/58 | €884,070 | €960,233 | +€76,164 | +8.6% |
| Amounts receivable within one year | 40/41 | €798,938 | €312,700 | -€486,238 | -60.9% |
| Trade receivables | 40 | €98,923 | €108,792 | +€9,869 | +10.0% |
| Other amounts receivable | 41 | €700,015 | €203,908 | -€496,107 | -70.9% |
| Current investments | 50/53 | €0 | €629,139 | +€629,139 | |
| Cash at bank and in hand | 54/58 | €74,117 | €14,621 | -€59,496 | -80.3% |
| Deferred charges and accrued income | 490/1 | €11,014 | €3,773 | -€7,241 | -65.7% |
| Total equity and liabilities | 10/49 | €941,923 | €1,000,315 | +€58,392 | +6.2% |
| Equity | 10/15 | €868,526 | €930,073 | +€61,547 | +7.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €866,026 | €927,573 | +€61,547 | +7.1% |
| Distributable reserves | 133 | €866,026 | €927,573 | +€61,547 | +7.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €73,397 | €70,242 | -€3,155 | -4.3% |
| Amounts payable after more than one year | 17 | €24,593 | €14,337 | -€10,256 | -41.7% |
| Financial debts | 170/4 | €24,593 | €14,337 | -€10,256 | -41.7% |
| Amounts payable within one year | 42/48 | €48,619 | €55,872 | +€7,252 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €9,850 | €10,256 | +€406 | +4.1% |
| Trade debts | 44 | €806 | €3,279 | +€2,473 | +306.7% |
| Suppliers | 440/4 | €806 | €3,279 | +€2,473 | +306.7% |
| Taxes, remuneration and social security | 45 | €32,962 | €42,336 | +€9,374 | +28.4% |
| Taxes | 450/3 | €32,962 | €42,336 | +€9,374 | +28.4% |
| Other amounts payable | 47/48 | €5,001 | €0 | -€5,001 | -100.0% |
| Accrued charges and deferred income | 492/3 | €185 | €33 | -€151 | -81.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,772 | €17,772 | = | 0.0% |
| Other operating charges | 640/8 | €1,239 | €1,229 | -€10 | -0.8% |
| Gross operating margin | 9900 | €239,673 | €267,993 | +€28,321 | +11.8% |
| Operating profit (loss) | 9901 | €220,662 | €248,992 | +€28,330 | +12.8% |
| Financial income | 75/76B | €19,046 | €15,198 | -€3,848 | -20.2% |
| Recurring financial income | 75 | €19,046 | €15,198 | -€3,848 | -20.2% |
| Financial charges | 65/66B | €2,106 | €1,517 | -€589 | -28.0% |
| Recurring financial charges | 65 | €2,106 | €1,517 | -€589 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €237,602 | €262,673 | +€25,071 | +10.6% |
| Income taxes | 67/77 | €72,031 | €80,280 | +€8,249 | +11.5% |
| Profit (loss) for the period | 9904 | €165,571 | €182,393 | +€16,822 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €165,571 | €182,393 | +€16,822 | +10.2% |
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 10 October 2026 via checked.be.