KLAARHELDER: 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.
KLAARHELDER
Largest movements
- Cash -€52,217
down €52,217 (-46.2%), from €113,027 to €60,809
mainly Contributions, distributions and other (-€50,000) and Current investments (-€37,250)
- Current investments +€37,250
new in 2025: €37,250
- Tangible fixed assets -€23,155
down €23,155 (-11.6%), from €199,743 to €176,589
of which Other tangible fixed assets: -€24,999
- Intangible fixed assets +€4,442
up €4,442 (+193%), from €2,307 to €6,748
- Other debts -€15,796
down €15,796 (-100%), from €15,796 to €0
- Reserves -€15,047
down €15,047 (-16.8%), from €89,413 to €74,366
- Debts after one year -€12,705
down €12,705 (-8.0%), from €157,958 to €145,253
- Trade debts +€8,764
up €8,764 (+20.4%), from €42,940 to €51,703
- Gross operating margin +€38,501
up €38,501 (+89.3%), from €43,104 to €81,604
- Taxes +€6,582
up €6,582 (+196%), from €3,354 to €9,935
- Depreciation +€3,678
up €3,678 (+14.3%), from €25,638 to €29,315
- Financial income +€1,535
up €1,535 (+3,996%), from €38 to €1,573
- Financial charges -€1,321
down €1,321 (-15.5%), from €8,514 to €7,193
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 | €334,766 | €298,924 | -€35,842 | -10.7% |
| Fixed assets | 21/28 | €202,050 | €183,337 | -€18,713 | -9.3% |
| Intangible fixed assets | 21 | €2,307 | €6,748 | +€4,442 | +193% |
| Tangible fixed assets | 22/27 | €199,743 | €176,589 | -€23,155 | -11.6% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,803 | €4,647 | +€1,845 | +65.8% |
| Other tangible fixed assets | 26 | €196,941 | €171,941 | -€24,999 | -12.7% |
| Current assets | 29/58 | €132,716 | €115,587 | -€17,129 | -12.9% |
| Amounts receivable within one year | 40/41 | €14,489 | €13,851 | -€638 | -4.4% |
| Trade receivables | 40 | €7,289 | €1,593 | -€5,695 | -78.1% |
| Other amounts receivable | 41 | €7,200 | €12,257 | +€5,057 | +70.2% |
| Current investments | 50/53 | - | €37,250 | +€37,250 | |
| Cash at bank and in hand | 54/58 | €113,027 | €60,809 | -€52,217 | -46.2% |
| Deferred charges and accrued income | 490/1 | €5,201 | €3,677 | -€1,523 | -29.3% |
| Total equity and liabilities | 10/49 | €334,766 | €298,924 | -€35,842 | -10.7% |
| Equity | 10/15 | €99,413 | €84,366 | -€15,047 | -15.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €89,413 | €74,366 | -€15,047 | -16.8% |
| Distributable reserves | 133 | €89,413 | €74,366 | -€15,047 | -16.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €235,354 | €214,559 | -€20,795 | -8.8% |
| Amounts payable after more than one year | 17 | €157,958 | €145,253 | -€12,705 | -8.0% |
| Financial debts | 170/4 | €157,958 | €145,253 | -€12,705 | -8.0% |
| Amounts payable within one year | 42/48 | €73,854 | €66,806 | -€7,048 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €12,295 | €12,705 | +€410 | +3.3% |
| Trade debts | 44 | €42,940 | €51,703 | +€8,764 | +20.4% |
| Suppliers | 440/4 | €42,940 | €51,703 | +€8,764 | +20.4% |
| Taxes, remuneration and social security | 45 | €2,822 | €2,397 | -€425 | -15.1% |
| Taxes | 450/3 | €2,822 | €2,397 | -€425 | -15.1% |
| Other amounts payable | 47/48 | €15,796 | €0 | -€15,796 | -100% |
| Accrued charges and deferred income | 492/3 | €3,542 | €2,500 | -€1,042 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,638 | €29,315 | +€3,678 | +14.3% |
| Other operating charges | 640/8 | €1,860 | €1,781 | -€79 | -4.3% |
| Gross operating margin | 9900 | €43,104 | €81,604 | +€38,501 | +89.3% |
| Operating profit (loss) | 9901 | €15,606 | €50,508 | +€34,902 | +224% |
| Financial income | 75/76B | €38 | €1,573 | +€1,535 | +3,996% |
| Recurring financial income | 75 | €38 | €1,573 | +€1,535 | +3,996% |
| Financial charges | 65/66B | €8,514 | €7,193 | -€1,321 | -15.5% |
| Recurring financial charges | 65 | €8,514 | €7,193 | -€1,321 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €7,130 | €44,889 | +€37,758 | +530% |
| Income taxes | 67/77 | €3,354 | €9,935 | +€6,582 | +196% |
| Profit (loss) for the period | 9904 | €3,777 | €34,953 | +€31,177 | +826% |
| Profit (loss) for the period to be appropriated | 9905 | €3,777 | €34,953 | +€31,177 | +826% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.