KLAARWATER: 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.
KLAARWATER
Largest movements
- Stocks and contracts -€7,738
no longer reported in 2025 (was €7,738)
- Receivables within one year -€1,981
down €1,981 (-6.4%), from €30,788 to €28,808
of which Other amounts receivable: -€6,288
- Cash +€880
up €880 (+380%), from €231 to €1,111
mainly Stocks and contracts (+€7,738) and Trade debts (+€2,256)
- Profit (loss) carried forward -€11,112
down €11,112, from €9,276 to -€1,836
- Trade debts +€2,256
up €2,256 (+65.0%), from €3,470 to €5,726
- Gross operating margin -€4,341
down €4,341 (-99.3%), from -€4,371 to -€8,712
- Staff costs +€2,400
new in 2025: €2,400
- Depreciation -€206
no longer reported in 2025 (was €206)
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 | €38,758 | €29,919 | -€8,839 | -22.8% |
| Current assets | 29/58 | €38,758 | €29,919 | -€8,839 | -22.8% |
| Stocks and contracts in progress | 3 | €7,738 | - | -€7,738 | |
| Stocks | 30/36 | €7,738 | - | -€7,738 | |
| Amounts receivable within one year | 40/41 | €30,788 | €28,808 | -€1,981 | -6.4% |
| Trade receivables | 40 | €23,434 | €27,742 | +€4,308 | +18.4% |
| Other amounts receivable | 41 | €7,354 | €1,066 | -€6,288 | -85.5% |
| Cash at bank and in hand | 54/58 | €231 | €1,111 | +€880 | +380% |
| Total equity and liabilities | 10/49 | €38,758 | €29,919 | -€8,839 | -22.8% |
| Equity | 10/15 | €34,454 | €23,342 | -€11,112 | -32.3% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €4,107 | €4,107 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,276 | -€1,836 | -€11,112 | |
| Amounts payable | 17/49 | €4,304 | €6,576 | +€2,273 | +52.8% |
| Amounts payable within one year | 42/48 | €4,304 | €6,576 | +€2,273 | +52.8% |
| Trade debts | 44 | €3,470 | €5,726 | +€2,256 | +65.0% |
| Suppliers | 440/4 | €3,470 | €5,726 | +€2,256 | +65.0% |
| Other amounts payable | 47/48 | €834 | €850 | +€16 | +1.9% |
| Remuneration, social security and pensions | 62 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | - | -€206 | |
| Gross operating margin | 9900 | -€4,371 | -€8,712 | -€4,341 | -99.3% |
| Operating profit (loss) | 9901 | -€4,577 | -€11,112 | -€6,535 | -143% |
| Financial charges | 65/66B | €59 | - | -€59 | |
| Recurring financial charges | 65 | €59 | - | -€59 | |
| Profit (loss) for the period before taxes | 9903 | -€4,635 | -€11,112 | -€6,476 | -140% |
| Profit (loss) for the period | 9904 | -€4,635 | -€11,112 | -€6,476 | -140% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,635 | -€11,112 | -€6,476 | -140% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.