KL VASTGOED: 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 VASTGOED
Largest movements
- Cash -€131,255
down €131,255 (-72.1%), from €182,101 to €50,846
mainly Investment in fixed assets (net) (-€102,050) and Debts after one year (-€42,810)
- Tangible fixed assets +€99,841
up €99,841 (+10.6%), from €944,067 to €1.0m
of which Land and buildings: +€99,841
- Debts after one year -€42,810
down €42,810 (-3.8%), from €1.1m to €1.1m
- Profit (loss) carried forward -€31,352
down €31,352 (-159%), from -€19,725 to -€51,077
- Trade debts +€30,295
new in 2025: €30,295
- Financial charges +€10,569
up €10,569 (+66.7%), from €15,844 to €26,413
- Depreciation +€2,209
new in 2025: €2,209
- Gross operating margin +€1,153
up €1,153 (+30.6%), from -€3,762 to -€2,610
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 | €1,137,255 | €1,094,867 | -€42,388 | -3.7% |
| Fixed assets | 21/28 | €944,067 | €1,043,908 | +€99,841 | +10.6% |
| Tangible fixed assets | 22/27 | €944,067 | €1,043,908 | +€99,841 | +10.6% |
| Land and buildings | 22 | €352,797 | €452,638 | +€99,841 | +28.3% |
| Assets under construction and advance payments | 27 | €591,270 | €591,270 | = | 0.0% |
| Current assets | 29/58 | €193,189 | €50,959 | -€142,230 | -73.6% |
| Amounts receivable within one year | 40/41 | €10,962 | €113 | -€10,849 | -99.0% |
| Trade receivables | 40 | €10,815 | - | -€10,815 | |
| Other amounts receivable | 41 | €147 | €113 | -€34 | -22.9% |
| Cash at bank and in hand | 54/58 | €182,101 | €50,846 | -€131,255 | -72.1% |
| Deferred charges and accrued income | 490/1 | €125 | - | -€125 | |
| Total equity and liabilities | 10/49 | €1,137,255 | €1,094,867 | -€42,388 | -3.7% |
| Equity | 10/15 | -€16,725 | -€48,077 | -€31,352 | -187% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,725 | -€51,077 | -€31,352 | -159% |
| Amounts payable | 17/49 | €1,153,980 | €1,142,944 | -€11,036 | -1.0% |
| Amounts payable after more than one year | 17 | €1,112,649 | €1,069,839 | -€42,810 | -3.8% |
| Financial debts | 170/4 | €1,112,649 | €1,069,839 | -€42,810 | -3.8% |
| Amounts payable within one year | 42/48 | €41,331 | €73,105 | +€31,774 | +76.9% |
| Current portion of amounts payable after more than one year | 42 | €41,331 | €42,810 | +€1,479 | +3.6% |
| Trade debts | 44 | - | €30,295 | +€30,295 | |
| Suppliers | 440/4 | - | €30,295 | +€30,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,209 | +€2,209 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€3,762 | -€2,610 | +€1,153 | +30.6% |
| Operating profit (loss) | 9901 | -€3,880 | -€4,939 | -€1,058 | -27.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,844 | €26,413 | +€10,569 | +66.7% |
| Recurring financial charges | 65 | €15,844 | €26,413 | +€10,569 | +66.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,725 | -€31,352 | -€11,627 | -58.9% |
| Profit (loss) for the period | 9904 | -€19,725 | -€31,352 | -€11,627 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,725 | -€31,352 | -€11,627 | -58.9% |
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 24 October 2026 via checked.be.