KL Management: what changed
Two fiscal 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 Management
Largest movements
- Current investments +€45,000
new in 2025: €45,000
- Cash -€16,907
down €16,907 (-31.9%), from €52,985 to €36,078
mainly Current investments (-€45,000) and Other debts (-€2,067)
- Reserves +€30,592
up €30,592 (+87.1%), from €35,114 to €65,706
- Other debts -€2,067
down €2,067 (-54.5%), from €3,792 to €1,725
- Gross operating margin -€823
down €823 (-1.9%), from €43,596 to €42,773
- Financial income +€472
new in 2025: €472
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 | €53,505 | €82,153 | +€28,647 | +53.5% |
| Current assets | 29/58 | €53,505 | €82,153 | +€28,647 | +53.5% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €52,985 | €36,078 | -€16,907 | -31.9% |
| Deferred charges and accrued income | 490/1 | €520 | €1,075 | +€554 | +106.5% |
| Total equity and liabilities | 10/49 | €53,505 | €82,153 | +€28,647 | +53.5% |
| Equity | 10/15 | €40,114 | €70,706 | +€30,592 | +76.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,114 | €65,706 | +€30,592 | +87.1% |
| Distributable reserves | 133 | €35,114 | €65,706 | +€30,592 | +87.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,391 | €11,447 | -€1,944 | -14.5% |
| Amounts payable within one year | 42/48 | €13,367 | €11,433 | -€1,934 | -14.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €960 | €1,489 | +€530 | +55.2% |
| Suppliers | 440/4 | €960 | €1,489 | +€530 | +55.2% |
| Taxes, remuneration and social security | 45 | €8,615 | €8,218 | -€397 | -4.6% |
| Taxes | 450/3 | €8,455 | €8,058 | -€397 | -4.7% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €3,792 | €1,725 | -€2,067 | -54.5% |
| Accrued charges and deferred income | 492/3 | €24 | €14 | -€10 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €858 | €953 | +€95 | +11.0% |
| Gross operating margin | 9900 | €43,596 | €42,773 | -€823 | -1.9% |
| Operating profit (loss) | 9901 | €42,738 | €41,820 | -€918 | -2.1% |
| Financial income | 75/76B | - | €472 | +€472 | |
| Recurring financial income | 75 | - | €472 | +€472 | |
| Financial charges | 65/66B | €2,332 | €2,000 | -€332 | -14.2% |
| Recurring financial charges | 65 | €2,332 | €2,000 | -€332 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €40,406 | €40,291 | -€115 | -0.3% |
| Income taxes | 67/77 | €7,908 | €8,200 | +€292 | +3.7% |
| Profit (loss) for the period | 9904 | €32,498 | €32,092 | -€407 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,498 | €32,092 | -€407 | -1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.