KLADD: 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.
KLADD
Largest movements
- Receivables within one year +€8,135
up €8,135 (+189%), from €4,312 to €12,447
of which Trade receivables: +€7,886
- Cash +€2,174
up €2,174 (+9.5%), from €22,873 to €25,046
mainly Trade debts (+€4,871) and Net result for the year (+€4,547)
- Tangible fixed assets +€709
up €709 (+163%), from €435 to €1,144
- Trade debts +€4,871
up €4,871 (+56.8%), from €8,575 to €13,445
- Profit (loss) carried forward +€4,547
up €4,547 (+5.3%), from -€85,610 to -€81,063
- Short-term financial debts +€1,869
new in 2025: €1,869
- Other debts -€407
down €407 (-0.7%), from €56,156 to €55,749
- Gross operating margin +€8,355
up €8,355, from -€2,260 to €6,094
- Staff costs -€667
down €667 (-100%), from €667 to €0
- Depreciation +€150
up €150 (+41.9%), from €358 to €508
- Taxes -€148
down €148, from €140 to -€8
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 | €27,620 | €38,638 | +€11,018 | +39.9% |
| Fixed assets | 21/28 | €435 | €1,144 | +€709 | +163% |
| Tangible fixed assets | 22/27 | €435 | €1,144 | +€709 | +163% |
| Plant, machinery and equipment | 23 | €435 | €1,144 | +€709 | +163% |
| Current assets | 29/58 | €27,185 | €37,493 | +€10,309 | +37.9% |
| Amounts receivable within one year | 40/41 | €4,312 | €12,447 | +€8,135 | +189% |
| Trade receivables | 40 | €4,299 | €12,185 | +€7,886 | +183% |
| Other amounts receivable | 41 | €13 | €262 | +€249 | +1,848% |
| Cash at bank and in hand | 54/58 | €22,873 | €25,046 | +€2,174 | +9.5% |
| Total equity and liabilities | 10/49 | €27,620 | €38,638 | +€11,018 | +39.9% |
| Equity | 10/15 | -€39,014 | -€34,467 | +€4,547 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,005 | €28,005 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,617 | €6,617 | = | 0.0% |
| Distributable reserves | 133 | €21,388 | €21,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,610 | -€81,063 | +€4,547 | +5.3% |
| Amounts payable | 17/49 | €66,634 | €73,104 | +€6,471 | +9.7% |
| Amounts payable within one year | 42/48 | €66,634 | €73,104 | +€6,471 | +9.7% |
| Financial debts | 43 | - | €1,869 | +€1,869 | |
| Credit institutions | 430/8 | - | €1,869 | +€1,869 | |
| Trade debts | 44 | €8,575 | €13,445 | +€4,871 | +56.8% |
| Suppliers | 440/4 | €8,575 | €13,445 | +€4,871 | +56.8% |
| Taxes, remuneration and social security | 45 | €1,903 | €2,041 | +€138 | +7.2% |
| Taxes | 450/3 | €1,903 | €2,041 | +€138 | +7.2% |
| Other amounts payable | 47/48 | €56,156 | €55,749 | -€407 | -0.7% |
| Non-recurring operating income | 76A | €257 | €0 | -€257 | -100% |
| Remuneration, social security and pensions | 62 | €667 | €0 | -€667 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | €508 | +€150 | +41.9% |
| Other operating charges | 640/8 | €966 | €1,007 | +€40 | +4.2% |
| Gross operating margin | 9900 | -€2,260 | €6,094 | +€8,355 | |
| Operating profit (loss) | 9901 | -€4,252 | €4,580 | +€8,831 | |
| Financial income | 75/76B | €1 | €32 | +€32 | +4,634% |
| Recurring financial income | 75 | €1 | €32 | +€32 | +4,634% |
| Financial charges | 65/66B | €54 | €73 | +€19 | +34.9% |
| Recurring financial charges | 65 | €54 | €73 | +€19 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,305 | €4,539 | +€8,844 | |
| Income taxes | 67/77 | €140 | -€8 | -€148 | |
| Profit (loss) for the period | 9904 | -€4,444 | €4,547 | +€8,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,444 | €4,547 | +€8,991 |
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 24 October 2026 via checked.be.