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
- Tangible fixed assets +€80,664
up €80,664 (+5.2%), from €1.5m to €1.6m
of which Furniture and vehicles: +€92,997
- Receivables within one year -€53,600
down €53,600 (-64.1%), from €83,564 to €29,963
of which Other amounts receivable: -€35,500
- Cash -€35,826
down €35,826 (-16.1%), from €222,937 to €187,111
mainly Contributions, distributions and other (-€181,000) and Investment in fixed assets (net) (-€108,687)
- Current portion of long-term debt -€39,491
down €39,491 (-27.2%), from €145,235 to €105,744
- Debts after one year +€29,256
up €29,256 (+4.8%), from €603,700 to €632,956
- Tax, wage and social debts -€25,647
down €25,647 (-20.5%), from €124,984 to €99,337
of which Taxes: -€25,681
- Reserves +€25,000
up €25,000 (+3.1%), from €815,250 to €840,250
of which Distributable reserves: +€25,000
- Depreciation +€12,536
up €12,536 (+79.7%), from €15,737 to €28,274
- Gross operating margin +€9,502
up €9,502 (+2.8%), from €333,847 to €343,350
- Financial income -€6,539
no longer reported in 2025 (was €6,539)
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 | €1,939,814 | €1,931,628 | -€8,186 | -0.4% |
| Fixed assets | 21/28 | €1,625,365 | €1,705,778 | +€80,414 | +4.9% |
| Tangible fixed assets | 22/27 | €1,540,620 | €1,621,283 | +€80,664 | +5.2% |
| Land and buildings | 22 | €1,525,995 | €1,514,265 | -€11,730 | -0.8% |
| Furniture and vehicles | 24 | €8,918 | €101,915 | +€92,997 | +1,043% |
| Other tangible fixed assets | 26 | €5,706 | €5,102 | -€604 | -10.6% |
| Financial fixed assets | 28 | €84,745 | €84,495 | -€250 | -0.3% |
| Current assets | 29/58 | €314,449 | €225,850 | -€88,599 | -28.2% |
| Amounts receivable within one year | 40/41 | €83,564 | €29,963 | -€53,600 | -64.1% |
| Trade receivables | 40 | €26,044 | €7,944 | -€18,100 | -69.5% |
| Other amounts receivable | 41 | €57,520 | €22,020 | -€35,500 | -61.7% |
| Cash at bank and in hand | 54/58 | €222,937 | €187,111 | -€35,826 | -16.1% |
| Deferred charges and accrued income | 490/1 | €7,948 | €8,775 | +€827 | +10.4% |
| Total equity and liabilities | 10/49 | €1,939,814 | €1,931,628 | -€8,186 | -0.4% |
| Equity | 10/15 | €880,038 | €905,852 | +€25,814 | +2.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €815,250 | €840,250 | +€25,000 | +3.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €809,100 | €834,100 | +€25,000 | +3.1% |
| Profit (loss) carried forward | 14 | €3,288 | €4,102 | +€814 | +24.7% |
| Amounts payable | 17/49 | €1,059,776 | €1,025,777 | -€33,999 | -3.2% |
| Amounts payable after more than one year | 17 | €603,700 | €632,956 | +€29,256 | +4.8% |
| Financial debts | 170/4 | €603,700 | €632,956 | +€29,256 | +4.8% |
| Amounts payable within one year | 42/48 | €456,076 | €392,821 | -€63,255 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €145,235 | €105,744 | -€39,491 | -27.2% |
| Trade debts | 44 | €7,343 | €4,548 | -€2,795 | -38.1% |
| Suppliers | 440/4 | €7,343 | €4,548 | -€2,795 | -38.1% |
| Taxes, remuneration and social security | 45 | €124,984 | €99,337 | -€25,647 | -20.5% |
| Taxes | 450/3 | €119,970 | €94,290 | -€25,681 | -21.4% |
| Remuneration and social security | 454/9 | €5,014 | €5,047 | +€34 | +0.7% |
| Other amounts payable | 47/48 | €178,514 | €183,192 | +€4,678 | +2.6% |
| Non-recurring operating income | 76A | - | €26,653 | +€26,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,737 | €28,274 | +€12,536 | +79.7% |
| Other operating charges | 640/8 | €4,371 | €4,273 | -€98 | -2.2% |
| Gross operating margin | 9900 | €333,847 | €343,350 | +€9,502 | +2.8% |
| Operating profit (loss) | 9901 | €313,739 | €310,803 | -€2,936 | -0.9% |
| Financial income | 75/76B | €6,539 | - | -€6,539 | |
| Recurring financial income | 75 | €6,539 | - | -€6,539 | |
| Financial charges | 65/66B | €13,514 | €10,888 | -€2,626 | -19.4% |
| Recurring financial charges | 65 | €13,514 | €10,888 | -€2,626 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €306,765 | €299,915 | -€6,850 | -2.2% |
| Income taxes | 67/77 | €93,894 | €93,101 | -€793 | -0.8% |
| Profit (loss) for the period | 9904 | €212,871 | €206,814 | -€6,057 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €212,871 | €206,814 | -€6,057 | -2.8% |
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.