KL PERFORMANCE: 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 PERFORMANCE
Largest movements
- Tangible fixed assets -€7,612
down €7,612 (-19.0%), from €40,059 to €32,448
of which Plant, machinery and equipment: -€4,969
- Cash +€1,559
up €1,559 (+11.1%), from €13,993 to €15,553
mainly Depreciation (+€10,140) and Net result for the year (+€6,456)
- Profit (loss) carried forward +€6,456
up €6,456 (+46.1%), from -€14,017 to -€7,561
- Other debts -€5,949
down €5,949 (-16.9%), from €35,164 to €29,216
- Current portion of long-term debt -€5,652
down €5,652 (-65.4%), from €8,640 to €2,988
- Debts after one year -€2,988
no longer reported in 2025 (was €2,988)
- Tax, wage and social debts +€1,360
up €1,360 (+83.2%), from €1,635 to €2,995
- Gross operating margin +€890
up €890 (+5.1%), from €17,391 to €18,280
- Financial charges -€494
down €494 (-41.4%), from €1,194 to €700
- Other operating charges -€215
down €215 (-17.9%), from €1,200 to €985
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 | €74,409 | €68,957 | -€5,452 | -7.3% |
| Fixed assets | 21/28 | €40,059 | €32,448 | -€7,612 | -19.0% |
| Tangible fixed assets | 22/27 | €40,059 | €32,448 | -€7,612 | -19.0% |
| Plant, machinery and equipment | 23 | €23,356 | €18,387 | -€4,969 | -21.3% |
| Furniture and vehicles | 24 | €2,579 | €1,649 | -€930 | -36.1% |
| Other tangible fixed assets | 26 | €14,124 | €12,412 | -€1,713 | -12.1% |
| Current assets | 29/58 | €34,350 | €36,509 | +€2,159 | +6.3% |
| Amounts receivable within one year | 40/41 | €20,269 | €20,863 | +€594 | +2.9% |
| Trade receivables | 40 | €18,271 | €18,265 | -€7 | 0.0% |
| Other amounts receivable | 41 | €1,998 | €2,598 | +€600 | +30.0% |
| Cash at bank and in hand | 54/58 | €13,993 | €15,553 | +€1,559 | +11.1% |
| Deferred charges and accrued income | 490/1 | €87 | €94 | +€6 | +7.3% |
| Total equity and liabilities | 10/49 | €74,409 | €68,957 | -€5,452 | -7.3% |
| Equity | 10/15 | €25,983 | €32,439 | +€6,456 | +24.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,017 | -€7,561 | +€6,456 | +46.1% |
| Amounts payable | 17/49 | €48,426 | €36,518 | -€11,908 | -24.6% |
| Amounts payable after more than one year | 17 | €2,988 | - | -€2,988 | |
| Financial debts | 170/4 | €2,988 | - | -€2,988 | |
| Amounts payable within one year | 42/48 | €45,439 | €36,518 | -€8,920 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €8,640 | €2,988 | -€5,652 | -65.4% |
| Financial debts | 43 | - | €129 | +€129 | |
| Credit institutions | 430/8 | - | €129 | +€129 | |
| Trade debts | 44 | - | €1,191 | +€1,191 | |
| Suppliers | 440/4 | - | €1,191 | +€1,191 | |
| Taxes, remuneration and social security | 45 | €1,635 | €2,995 | +€1,360 | +83.2% |
| Taxes | 450/3 | €1,635 | €2,995 | +€1,360 | +83.2% |
| Other amounts payable | 47/48 | €35,164 | €29,216 | -€5,949 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,184 | €10,140 | -€44 | -0.4% |
| Other operating charges | 640/8 | €1,200 | €985 | -€215 | -17.9% |
| Gross operating margin | 9900 | €17,391 | €18,280 | +€890 | +5.1% |
| Operating profit (loss) | 9901 | €6,006 | €7,155 | +€1,149 | +19.1% |
| Financial income | 75/76B | €13 | €1 | -€11 | -90.1% |
| Recurring financial income | 75 | €13 | €1 | -€11 | -90.1% |
| Financial charges | 65/66B | €1,194 | €700 | -€494 | -41.4% |
| Recurring financial charges | 65 | €1,194 | €700 | -€494 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €4,825 | €6,456 | +€1,631 | +33.8% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €4,825 | €6,456 | +€1,631 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,825 | €6,456 | +€1,631 | +33.8% |
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 9 October 2026 via checked.be.