KLADENTIS: 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.
KLADENTIS
Largest movements
- Current investments +€88,046
up €88,046 (+196%), from €45,000 to €133,046
- Cash -€67,148
down €67,148 (-23.7%), from €283,910 to €216,762
mainly Current investments (-€88,046) and Contributions, distributions and other (-€35,000)
- Tangible fixed assets -€6,574
down €6,574 (-70.0%), from €9,386 to €2,812
- Trade debts +€19,835
new in 2025: €19,835
of which Bills of exchange payable: +€18,216
- Tax, wage and social debts -€15,693
no longer reported in 2025 (was €15,693)
- Reserves +€10,000
up €10,000 (+3.6%), from €275,000 to €285,000
- Profit (loss) carried forward +€5,023
up €5,023 (+23.8%), from €21,119 to €26,142
- Other debts -€3,800
down €3,800 (-10.3%), from €37,050 to €33,250
- Gross operating margin -€4,478
down €4,478 (-5.4%), from €82,623 to €78,145
- Taxes -€1,881
down €1,881 (-8.8%), from €21,273 to €19,392
- Financial charges +€1,833
up €1,833 (+4,263%), from €43 to €1,876
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 | €353,862 | €369,227 | +€15,365 | +4.3% |
| Fixed assets | 21/28 | €9,386 | €2,812 | -€6,574 | -70.0% |
| Tangible fixed assets | 22/27 | €9,386 | €2,812 | -€6,574 | -70.0% |
| Furniture and vehicles | 24 | €9,386 | €2,812 | -€6,574 | -70.0% |
| Current assets | 29/58 | €344,476 | €366,415 | +€21,939 | +6.4% |
| Amounts receivable within one year | 40/41 | €15,566 | €16,607 | +€1,041 | +6.7% |
| Other amounts receivable | 41 | €15,566 | €16,607 | +€1,041 | +6.7% |
| Current investments | 50/53 | €45,000 | €133,046 | +€88,046 | +196% |
| Cash at bank and in hand | 54/58 | €283,910 | €216,762 | -€67,148 | -23.7% |
| Total equity and liabilities | 10/49 | €353,862 | €369,227 | +€15,365 | +4.3% |
| Equity | 10/15 | €301,119 | €316,142 | +€15,023 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €275,000 | €285,000 | +€10,000 | +3.6% |
| Distributable reserves | 133 | €275,000 | €285,000 | +€10,000 | +3.6% |
| Profit (loss) carried forward | 14 | €21,119 | €26,142 | +€5,023 | +23.8% |
| Amounts payable | 17/49 | €52,743 | €53,085 | +€342 | +0.6% |
| Amounts payable within one year | 42/48 | €52,743 | €53,085 | +€342 | +0.6% |
| Trade debts | 44 | - | €19,835 | +€19,835 | |
| Suppliers | 440/4 | - | €1,619 | +€1,619 | |
| Bills of exchange payable | 441 | - | €18,216 | +€18,216 | |
| Taxes, remuneration and social security | 45 | €15,693 | - | -€15,693 | |
| Taxes | 450/3 | €15,693 | - | -€15,693 | |
| Other amounts payable | 47/48 | €37,050 | €33,250 | -€3,800 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €6,574 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,119 | €845 | -€274 | -24.5% |
| Gross operating margin | 9900 | €82,623 | €78,145 | -€4,478 | -5.4% |
| Operating profit (loss) | 9901 | €74,929 | €70,726 | -€4,203 | -5.6% |
| Financial income | 75/76B | - | €565 | +€565 | |
| Recurring financial income | 75 | - | €565 | +€565 | |
| Financial charges | 65/66B | €43 | €1,876 | +€1,833 | +4,263% |
| Recurring financial charges | 65 | €43 | €1,876 | +€1,833 | +4,263% |
| Profit (loss) for the period before taxes | 9903 | €74,886 | €69,415 | -€5,471 | -7.3% |
| Income taxes | 67/77 | €21,273 | €19,392 | -€1,881 | -8.8% |
| Profit (loss) for the period | 9904 | €53,613 | €50,023 | -€3,590 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,613 | €50,023 | -€3,590 | -6.7% |
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 29 October 2026 via checked.be.