KL Holding: 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 Holding
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€99,907
up €99,907 (+3.5%), from €2.9m to €3.0m
of which Distributable reserves: +€99,907
- Current portion of long-term debt -€73,168
down €73,168 (-91.0%), from €80,368 to €7,200
- Short-term financial debts -€52,967
down €52,967 (-65.8%), from €80,467 to €27,500
of which Credit institutions: -€38,800
- Gross operating margin -€86,859
down €86,859 (-30.2%), from €287,773 to €200,914
- Taxes -€10,105
down €10,105 (-20.0%), from €50,445 to €40,340
- Financial charges -€7,965
down €7,965 (-14.1%), from €56,582 to €48,616
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 | €4,674,309 | €4,665,874 | -€8,434 | -0.2% |
| Fixed assets | 21/28 | €4,670,478 | €4,659,995 | -€10,482 | -0.2% |
| Tangible fixed assets | 22/27 | €35,438 | €24,956 | -€10,482 | -29.6% |
| Furniture and vehicles | 24 | €35,438 | €24,956 | -€10,482 | -29.6% |
| Financial fixed assets | 28 | €4,635,039 | €4,635,039 | = | 0.0% |
| Current assets | 29/58 | €3,831 | €5,879 | +€2,048 | +53.4% |
| Cash at bank and in hand | 54/58 | €3,706 | €5,754 | +€2,048 | +55.3% |
| Deferred charges and accrued income | 490/1 | €125 | €125 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,674,309 | €4,665,874 | -€8,434 | -0.2% |
| Equity | 10/15 | €3,058,033 | €3,157,940 | +€99,907 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,875,860 | €2,975,767 | +€99,907 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,874,000 | €2,973,907 | +€99,907 | +3.5% |
| Profit (loss) carried forward | 14 | €169,773 | €169,773 | = | 0.0% |
| Amounts payable | 17/49 | €1,616,276 | €1,507,935 | -€108,341 | -6.7% |
| Amounts payable after more than one year | 17 | €1,267,400 | €1,260,200 | -€7,200 | -0.6% |
| Financial debts | 170/4 | €1,267,400 | €1,260,200 | -€7,200 | -0.6% |
| Amounts payable within one year | 42/48 | €326,058 | €225,235 | -€100,823 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €80,368 | €7,200 | -€73,168 | -91.0% |
| Financial debts | 43 | €80,467 | €27,500 | -€52,967 | -65.8% |
| Credit institutions | 430/8 | €38,800 | - | -€38,800 | |
| Other loans | 439 | €41,667 | €27,500 | -€14,167 | -34.0% |
| Trade debts | 44 | €141,350 | €170,433 | +€29,083 | +20.6% |
| Suppliers | 440/4 | €141,350 | €170,433 | +€29,083 | +20.6% |
| Taxes, remuneration and social security | 45 | €23,847 | €20,076 | -€3,772 | -15.8% |
| Taxes | 450/3 | €23,847 | €20,076 | -€3,772 | -15.8% |
| Other amounts payable | 47/48 | €26 | €26 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €22,818 | €22,500 | -€318 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,482 | €10,482 | = | 0.0% |
| Other operating charges | 640/8 | €1,352 | €1,569 | +€218 | +16.1% |
| Gross operating margin | 9900 | €287,773 | €200,914 | -€86,859 | -30.2% |
| Operating profit (loss) | 9901 | €275,939 | €188,862 | -€87,077 | -31.6% |
| Financial charges | 65/66B | €56,582 | €48,616 | -€7,965 | -14.1% |
| Recurring financial charges | 65 | €56,582 | €48,616 | -€7,965 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €219,358 | €140,246 | -€79,112 | -36.1% |
| Income taxes | 67/77 | €50,445 | €40,340 | -€10,105 | -20.0% |
| Profit (loss) for the period | 9904 | €168,913 | €99,907 | -€69,007 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,913 | €99,907 | -€69,007 | -40.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.