KL & KL: 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 & KL
Largest movements
- Tangible fixed assets -€40,577
down €40,577 (-58.6%), from €69,277 to €28,701
of which Leasing and similar rights: -€32,944
- Cash -€17,808
down €17,808 (-50.1%), from €35,553 to €17,746
mainly Debts after one year (-€27,210) and Net result for the year (-€17,101)
- Stocks and contracts -€4,455
down €4,455 (-33.4%), from €13,318 to €8,863
- Receivables within one year +€2,375
up €2,375 (+292.6%), from €812 to €3,187
of which Other amounts receivable: +€2,354
- Debts after one year -€27,210
down €27,210 (-57.4%), from €47,376 to €20,166
- Profit (loss) carried forward -€17,101
down €17,101 (-43.9%), from €38,971 to €21,870
- Current portion of long-term debt -€10,930
down €10,930 (-60.4%), from €18,093 to €7,163
- Other debts -€2,714
down €2,714 (-100.0%), from €2,714 to €0
- Trade debts -€2,333
down €2,333 (-42.7%), from €5,465 to €3,132
- Gross operating margin -€12,499
down €12,499 (-58.0%), from €21,536 to €9,037
- Depreciation -€12,151
down €12,151 (-68.3%), from €17,782 to €5,631
- Financial charges -€1,143
down €1,143 (-46.7%), from €2,449 to €1,306
- Other operating charges +€1,040
up €1,040 (+8.6%), from €12,092 to €13,132
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 | €123,890 | €62,755 | -€61,134 | -49.3% |
| Fixed assets | 21/28 | €72,262 | €31,686 | -€40,577 | -56.2% |
| Tangible fixed assets | 22/27 | €69,277 | €28,701 | -€40,577 | -58.6% |
| Plant, machinery and equipment | 23 | €4,905 | €1,917 | -€2,987 | -60.9% |
| Furniture and vehicles | 24 | €2,338 | €1,825 | -€513 | -21.9% |
| Leasing and similar rights | 25 | €32,944 | €0 | -€32,944 | -100.0% |
| Other tangible fixed assets | 26 | €29,091 | €24,959 | -€4,132 | -14.2% |
| Financial fixed assets | 28 | €2,985 | €2,985 | = | 0.0% |
| Current assets | 29/58 | €51,627 | €31,069 | -€20,558 | -39.8% |
| Stocks and contracts in progress | 3 | €13,318 | €8,863 | -€4,455 | -33.4% |
| Stocks | 30/36 | €13,318 | €8,863 | -€4,455 | -33.4% |
| Amounts receivable within one year | 40/41 | €812 | €3,187 | +€2,375 | +292.6% |
| Trade receivables | 40 | €798 | €819 | +€21 | +2.7% |
| Other amounts receivable | 41 | €14 | €2,368 | +€2,354 | +17334.7% |
| Cash at bank and in hand | 54/58 | €35,553 | €17,746 | -€17,808 | -50.1% |
| Deferred charges and accrued income | 490/1 | €1,944 | €1,273 | -€671 | -34.5% |
| Total equity and liabilities | 10/49 | €123,890 | €62,755 | -€61,134 | -49.3% |
| Equity | 10/15 | €47,031 | €29,930 | -€17,101 | -36.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,971 | €21,870 | -€17,101 | -43.9% |
| Amounts payable | 17/49 | €76,858 | €32,825 | -€44,033 | -57.3% |
| Amounts payable after more than one year | 17 | €47,376 | €20,166 | -€27,210 | -57.4% |
| Financial debts | 170/4 | €47,376 | €20,166 | -€27,210 | -57.4% |
| Amounts payable within one year | 42/48 | €29,482 | €12,659 | -€16,823 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €18,093 | €7,163 | -€10,930 | -60.4% |
| Trade debts | 44 | €5,465 | €3,132 | -€2,333 | -42.7% |
| Suppliers | 440/4 | €5,465 | €3,132 | -€2,333 | -42.7% |
| Taxes, remuneration and social security | 45 | €3,210 | €2,364 | -€846 | -26.4% |
| Taxes | 450/3 | €3,210 | €2,364 | -€846 | -26.4% |
| Other amounts payable | 47/48 | €2,714 | €0 | -€2,714 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,782 | €5,631 | -€12,151 | -68.3% |
| Other operating charges | 640/8 | €12,092 | €13,132 | +€1,040 | +8.6% |
| Non-recurring operating charges | 66A | - | €5,955 | +€5,955 | |
| Gross operating margin | 9900 | €21,536 | €9,037 | -€12,499 | -58.0% |
| Operating profit (loss) | 9901 | -€8,338 | -€15,681 | -€7,343 | -88.1% |
| Financial income | 75/76B | €24 | €28 | +€4 | +15.8% |
| Recurring financial income | 75 | €24 | €28 | +€4 | +15.8% |
| Financial charges | 65/66B | €2,449 | €1,306 | -€1,143 | -46.7% |
| Recurring financial charges | 65 | €2,449 | €1,306 | -€1,143 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€10,763 | -€16,959 | -€6,197 | -57.6% |
| Income taxes | 67/77 | €155 | €142 | -€13 | -8.4% |
| Profit (loss) for the period | 9904 | -€10,918 | -€17,101 | -€6,184 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,918 | -€17,101 | -€6,184 | -56.6% |
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 11 October 2026 via checked.be.