KLAADEX: 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.
KLAADEX
Largest movements
- Tangible fixed assets -€341,815
down €341,815 (-33.1%), from €1.0m to €689,677
of which Land and buildings: -€360,511
- Receivables within one year +€280,131
up €280,131 (+129.0%), from €217,176 to €497,307
of which Other amounts receivable: +€194,115
- Cash +€16,373
up €16,373 (+92.0%), from €17,796 to €34,170
mainly Net result for the year (+€197,327) and Investment in fixed assets (net) (+€179,264)
- Debts after one year -€281,517
down €281,517 (-41.8%), from €672,964 to €391,447
- Reserves +€197,327
up €197,327 (+73.2%), from €269,422 to €466,749
of which Distributable reserves: +€197,327
- Current portion of long-term debt +€42,844
up €42,844 (+24.9%), from €172,317 to €215,160
- Other debts -€33,899
down €33,899 (-81.4%), from €41,668 to €7,769
- Trade debts +€16,057
up €16,057 (+27.7%), from €57,873 to €73,929
- Gross operating margin +€421,674
up €421,674 (+88.5%), from €476,571 to €898,244
- Staff costs +€99,549
up €99,549 (+37.0%), from €269,196 to €368,744
- Taxes +€65,532
up €65,532 (+13749.3%), from €477 to €66,008
- Other operating charges +€34,327
up €34,327 (+455.4%), from €7,538 to €41,865
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,272,116 | €1,224,874 | -€47,242 | -3.7% |
| Fixed assets | 21/28 | €1,031,688 | €689,872 | -€341,815 | -33.1% |
| Tangible fixed assets | 22/27 | €1,031,493 | €689,677 | -€341,815 | -33.1% |
| Land and buildings | 22 | €686,848 | €326,337 | -€360,511 | -52.5% |
| Furniture and vehicles | 24 | €9,003 | €10,542 | +€1,539 | +17.1% |
| Leasing and similar rights | 25 | €335,641 | €352,798 | +€17,157 | +5.1% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €240,428 | €535,002 | +€294,574 | +122.5% |
| Amounts receivable within one year | 40/41 | €217,176 | €497,307 | +€280,131 | +129.0% |
| Trade receivables | 40 | €167,314 | €253,331 | +€86,016 | +51.4% |
| Other amounts receivable | 41 | €49,862 | €243,977 | +€194,115 | +389.3% |
| Cash at bank and in hand | 54/58 | €17,796 | €34,170 | +€16,373 | +92.0% |
| Deferred charges and accrued income | 490/1 | €5,455 | €3,525 | -€1,930 | -35.4% |
| Total equity and liabilities | 10/49 | €1,272,116 | €1,224,874 | -€47,242 | -3.7% |
| Equity | 10/15 | €288,022 | €485,349 | +€197,327 | +68.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €269,422 | €466,749 | +€197,327 | +73.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €269,422 | €466,749 | +€197,327 | +73.2% |
| Amounts payable | 17/49 | €984,093 | €739,525 | -€244,568 | -24.9% |
| Amounts payable after more than one year | 17 | €672,964 | €391,447 | -€281,517 | -41.8% |
| Financial debts | 170/4 | €672,964 | €391,447 | -€281,517 | -41.8% |
| Amounts payable within one year | 42/48 | €311,129 | €348,078 | +€36,949 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €172,317 | €215,160 | +€42,844 | +24.9% |
| Trade debts | 44 | €57,873 | €73,929 | +€16,057 | +27.7% |
| Suppliers | 440/4 | €57,873 | €73,929 | +€16,057 | +27.7% |
| Taxes, remuneration and social security | 45 | €39,272 | €51,219 | +€11,948 | +30.4% |
| Taxes | 450/3 | €5,136 | €2,600 | -€2,536 | -49.4% |
| Remuneration and social security | 454/9 | €34,136 | €48,619 | +€14,483 | +42.4% |
| Other amounts payable | 47/48 | €41,668 | €7,769 | -€33,899 | -81.4% |
| Non-recurring operating income | 76A | €15,947 | €2,208 | -€13,739 | -86.2% |
| Remuneration, social security and pensions | 62 | €269,196 | €368,744 | +€99,549 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,358 | €162,551 | +€1,193 | +0.7% |
| Other operating charges | 640/8 | €7,538 | €41,865 | +€34,327 | +455.4% |
| Non-recurring operating charges | 66A | - | €32,776 | +€32,776 | |
| Gross operating margin | 9900 | €476,571 | €898,244 | +€421,674 | +88.5% |
| Operating profit (loss) | 9901 | €38,479 | €292,309 | +€253,829 | +659.7% |
| Financial income | 75/76B | €616 | €1,907 | +€1,291 | +209.4% |
| Recurring financial income | 75 | €616 | €1,907 | +€1,291 | +209.4% |
| Financial charges | 65/66B | €24,265 | €30,881 | +€6,616 | +27.3% |
| Recurring financial charges | 65 | €24,265 | €30,881 | +€6,616 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €14,831 | €263,335 | +€248,504 | +1675.6% |
| Income taxes | 67/77 | €477 | €66,008 | +€65,532 | +13749.3% |
| Profit (loss) for the period | 9904 | €14,354 | €197,327 | +€182,973 | +1274.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,354 | €197,327 | +€182,973 | +1274.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.