KLAASEN FRANK: 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.
KLAASEN FRANK
Largest movements
- Cash -€627,252
down €627,252 (-54.1%), from €1.2m to €532,540
mainly Contributions, distributions and other (-€673,053) and Current investments (-€100,000)
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€32,049
up €32,049 (+61.4%), from €52,238 to €84,287
of which Other amounts receivable: +€31,931
- Reserves -€468,016
down €468,016 (-34.7%), from €1.3m to €880,026
- Trade debts -€32,313
down €32,313 (-83.6%), from €38,639 to €6,326
- Staff costs +€8,589
up €8,589 (+16.9%), from €50,822 to €59,412
- Financial income +€5,830
up €5,830 (+108%), from €5,384 to €11,214
- Gross operating margin +€5,212
up €5,212 (+1.3%), from €412,180 to €417,392
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 | €1,408,762 | €910,040 | -€498,722 | -35.4% |
| Fixed assets | 21/28 | €185,911 | €189,531 | +€3,620 | +1.9% |
| Tangible fixed assets | 22/27 | €185,911 | €189,531 | +€3,620 | +1.9% |
| Land and buildings | 22 | €62,579 | €61,993 | -€586 | -0.9% |
| Plant, machinery and equipment | 23 | €112,572 | €77,189 | -€35,383 | -31.4% |
| Furniture and vehicles | 24 | €10,760 | €50,349 | +€39,589 | +368% |
| Current assets | 29/58 | €1,222,850 | €720,508 | -€502,342 | -41.1% |
| Stocks and contracts in progress | 3 | €10,820 | €1,897 | -€8,923 | -82.5% |
| Stocks | 30/36 | €10,820 | €1,897 | -€8,923 | -82.5% |
| Amounts receivable within one year | 40/41 | €52,238 | €84,287 | +€32,049 | +61.4% |
| Trade receivables | 40 | €4,700 | €4,819 | +€119 | +2.5% |
| Other amounts receivable | 41 | €47,538 | €79,469 | +€31,931 | +67.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €1,159,793 | €532,540 | -€627,252 | -54.1% |
| Deferred charges and accrued income | 490/1 | - | €1,783 | +€1,783 | |
| Total equity and liabilities | 10/49 | €1,408,762 | €910,040 | -€498,722 | -35.4% |
| Equity | 10/15 | €1,366,592 | €898,576 | -€468,016 | -34.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,348,042 | €880,026 | -€468,016 | -34.7% |
| Distributable reserves | 133 | €1,348,042 | €880,026 | -€468,016 | -34.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,170 | €11,463 | -€30,706 | -72.8% |
| Amounts payable within one year | 42/48 | €42,170 | €10,811 | -€31,359 | -74.4% |
| Trade debts | 44 | €38,639 | €6,326 | -€32,313 | -83.6% |
| Suppliers | 440/4 | €38,639 | €6,326 | -€32,313 | -83.6% |
| Taxes, remuneration and social security | 45 | €3,474 | €4,235 | +€762 | +21.9% |
| Remuneration and social security | 454/9 | €3,474 | €4,235 | +€762 | +21.9% |
| Other amounts payable | 47/48 | €57 | €250 | +€193 | +339% |
| Accrued charges and deferred income | 492/3 | - | €652 | +€652 | |
| Remuneration, social security and pensions | 62 | €50,822 | €59,412 | +€8,589 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,381 | €46,663 | +€281 | +0.6% |
| Other operating charges | 640/8 | €30,167 | €28,441 | -€1,726 | -5.7% |
| Gross operating margin | 9900 | €412,180 | €417,392 | +€5,212 | +1.3% |
| Operating profit (loss) | 9901 | €284,809 | €282,876 | -€1,933 | -0.7% |
| Financial income | 75/76B | €5,384 | €11,214 | +€5,830 | +108% |
| Recurring financial income | 75 | €5,384 | €11,214 | +€5,830 | +108% |
| Financial charges | 65/66B | €607 | €913 | +€305 | +50.3% |
| Recurring financial charges | 65 | €607 | €913 | +€305 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €289,586 | €293,177 | +€3,591 | +1.2% |
| Income taxes | 67/77 | €90,626 | €88,140 | -€2,486 | -2.7% |
| Profit (loss) for the period | 9904 | €198,960 | €205,037 | +€6,077 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €198,960 | €205,037 | +€6,077 | +3.1% |
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 31 October 2026 via checked.be.