Klaas Eecloo: 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.
Klaas Eecloo
Largest movements
- Current investments -€57,138
down €57,138 (-75.6%), from €75,597 to €18,458
- Cash -€47,119
down €47,119 (-44.2%), from €106,617 to €59,498
mainly Contributions, distributions and other (-€306,374) and Investment in fixed assets (net) (-€33,794)
- Receivables within one year +€17,633
new in 2025: €17,633
of which Trade receivables: +€17,171
- Tangible fixed assets +€17,393
up €17,393 (+23.9%), from €72,914 to €90,307
of which Other tangible fixed assets: +€30,860
- Reserves -€186,134
down €186,134 (-73.1%), from €254,627 to €68,493
- Other debts +€112,453
up €112,453 (+27504.0%), from €409 to €112,862
- Tax, wage and social debts +€3,923
up €3,923 (+10860.1%), from €36 to €3,959
- Gross operating margin +€21,628
up €21,628 (+14.8%), from €146,294 to €167,921
- Taxes +€4,194
up €4,194 (+14.0%), from €30,054 to €34,248
- Financial income +€3,908
up €3,908 (+3177.6%), from €123 to €4,031
- Depreciation +€1,813
up €1,813 (+12.4%), from €14,589 to €16,401
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 | €259,744 | €189,871 | -€69,873 | -26.9% |
| Fixed assets | 21/28 | €72,914 | €90,307 | +€17,393 | +23.9% |
| Tangible fixed assets | 22/27 | €72,914 | €90,307 | +€17,393 | +23.9% |
| Plant, machinery and equipment | 23 | €1,627 | €1,205 | -€422 | -25.9% |
| Furniture and vehicles | 24 | €46,138 | €33,093 | -€13,046 | -28.3% |
| Other tangible fixed assets | 26 | €25,148 | €56,009 | +€30,860 | +122.7% |
| Current assets | 29/58 | €186,830 | €99,564 | -€87,266 | -46.7% |
| Amounts receivable within one year | 40/41 | - | €17,633 | +€17,633 | |
| Trade receivables | 40 | - | €17,171 | +€17,171 | |
| Other amounts receivable | 41 | - | €461 | +€461 | |
| Current investments | 50/53 | €75,597 | €18,458 | -€57,138 | -75.6% |
| Cash at bank and in hand | 54/58 | €106,617 | €59,498 | -€47,119 | -44.2% |
| Deferred charges and accrued income | 490/1 | €4,617 | €3,975 | -€641 | -13.9% |
| Total equity and liabilities | 10/49 | €259,744 | €189,871 | -€69,873 | -26.9% |
| Equity | 10/15 | €257,027 | €70,893 | -€186,134 | -72.4% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €254,627 | €68,493 | -€186,134 | -73.1% |
| Distributable reserves | 133 | €254,627 | €68,493 | -€186,134 | -73.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,717 | €118,977 | +€116,261 | +4279.7% |
| Amounts payable within one year | 42/48 | €2,717 | €118,977 | +€116,261 | +4279.7% |
| Trade debts | 44 | €2,272 | €2,157 | -€115 | -5.1% |
| Suppliers | 440/4 | €2,272 | €2,157 | -€115 | -5.1% |
| Taxes, remuneration and social security | 45 | €36 | €3,959 | +€3,923 | +10860.1% |
| Taxes | 450/3 | €36 | €3,959 | +€3,923 | +10860.1% |
| Other amounts payable | 47/48 | €409 | €112,862 | +€112,453 | +27504.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,589 | €16,401 | +€1,813 | +12.4% |
| Other operating charges | 640/8 | €1,023 | €988 | -€35 | -3.5% |
| Gross operating margin | 9900 | €146,294 | €167,921 | +€21,628 | +14.8% |
| Operating profit (loss) | 9901 | €130,682 | €150,532 | +€19,850 | +15.2% |
| Financial income | 75/76B | €123 | €4,031 | +€3,908 | +3177.6% |
| Recurring financial income | 75 | €123 | €4,031 | +€3,908 | +3177.6% |
| Financial charges | 65/66B | €225 | €75 | -€150 | -66.6% |
| Recurring financial charges | 65 | €225 | €75 | -€150 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €130,580 | €154,488 | +€23,908 | +18.3% |
| Income taxes | 67/77 | €30,054 | €34,248 | +€4,194 | +14.0% |
| Profit (loss) for the period | 9904 | €100,526 | €120,240 | +€19,714 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,526 | €120,240 | +€19,714 | +19.6% |
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 11 October 2026 via checked.be.