KLADOS: 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.
KLADOS
Largest movements
- Receivables within one year -€24,617
down €24,617 (-19.9%), from €123,743 to €99,126
of which Trade receivables: -€38,538
- Stocks and contracts -€15,478
down €15,478 (-73.4%), from €21,095 to €5,617
- Cash +€10,135
up €10,135 (+27.9%), from €36,327 to €46,462
mainly Receivables within one year (+€24,617) and Stocks and contracts (+€15,478)
- Tangible fixed assets +€6,172
up €6,172 (+5.2%), from €118,926 to €125,098
of which Furniture and vehicles: +€7,398
- Profit (loss) carried forward -€28,010
down €28,010 (-71.8%), from €38,993 to €10,983
- Current portion of long-term debt +€5,335
up €5,335 (+87.2%), from €6,116 to €11,451
- Tax, wage and social debts +€3,965
up €3,965 (+7.2%), from €55,071 to €59,036
of which Remuneration and social security: +€13,409
- Short-term financial debts -€3,853
down €3,853 (-4.1%), from €95,000 to €91,147
- Gross operating margin -€34,316
down €34,316 (-12.0%), from €286,034 to €251,718
- Staff costs +€21,678
up €21,678 (+9.4%), from €231,618 to €253,295
- Taxes -€8,489
down €8,489 (-94.3%), from €9,002 to €513
- Financial charges +€7,574
up €7,574 (+76.6%), from €9,891 to €17,465
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 | €312,628 | €288,097 | -€24,532 | -7.8% |
| Fixed assets | 21/28 | €128,662 | €134,834 | +€6,172 | +4.8% |
| Tangible fixed assets | 22/27 | €118,926 | €125,098 | +€6,172 | +5.2% |
| Land and buildings | 22 | €85,929 | €84,970 | -€959 | -1.1% |
| Plant, machinery and equipment | 23 | €6,109 | €5,842 | -€267 | -4.4% |
| Furniture and vehicles | 24 | €26,888 | €34,286 | +€7,398 | +27.5% |
| Financial fixed assets | 28 | €9,736 | €9,736 | = | 0.0% |
| Current assets | 29/58 | €183,966 | €153,262 | -€30,704 | -16.7% |
| Stocks and contracts in progress | 3 | €21,095 | €5,617 | -€15,478 | -73.4% |
| Stocks | 30/36 | €21,095 | €5,617 | -€15,478 | -73.4% |
| Amounts receivable within one year | 40/41 | €123,743 | €99,126 | -€24,617 | -19.9% |
| Trade receivables | 40 | €84,612 | €46,074 | -€38,538 | -45.5% |
| Other amounts receivable | 41 | €39,131 | €53,052 | +€13,921 | +35.6% |
| Cash at bank and in hand | 54/58 | €36,327 | €46,462 | +€10,135 | +27.9% |
| Deferred charges and accrued income | 490/1 | €2,801 | €2,057 | -€744 | -26.6% |
| Total equity and liabilities | 10/49 | €312,628 | €288,097 | -€24,532 | -7.8% |
| Equity | 10/15 | €72,429 | €44,419 | -€28,010 | -38.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,844 | €14,844 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,985 | €12,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,993 | €10,983 | -€28,010 | -71.8% |
| Amounts payable | 17/49 | €240,199 | €243,678 | +€3,478 | +1.4% |
| Amounts payable after more than one year | 17 | €17,251 | €14,611 | -€2,640 | -15.3% |
| Financial debts | 170/4 | €17,251 | €14,611 | -€2,640 | -15.3% |
| Amounts payable within one year | 42/48 | €222,948 | €229,066 | +€6,118 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,116 | €11,451 | +€5,335 | +87.2% |
| Financial debts | 43 | €95,000 | €91,147 | -€3,853 | -4.1% |
| Credit institutions | 430/8 | €95,000 | €91,147 | -€3,853 | -4.1% |
| Trade debts | 44 | €66,761 | €67,432 | +€671 | +1.0% |
| Suppliers | 440/4 | €66,761 | €67,432 | +€671 | +1.0% |
| Taxes, remuneration and social security | 45 | €55,071 | €59,036 | +€3,965 | +7.2% |
| Taxes | 450/3 | €31,485 | €22,042 | -€9,444 | -30.0% |
| Remuneration and social security | 454/9 | €23,586 | €36,995 | +€13,409 | +56.9% |
| Remuneration, social security and pensions | 62 | €231,618 | €253,295 | +€21,678 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,034 | €10,672 | +€637 | +6.4% |
| Other operating charges | 640/8 | €2,751 | €295 | -€2,456 | -89.3% |
| Gross operating margin | 9900 | €286,034 | €251,718 | -€34,316 | -12.0% |
| Operating profit (loss) | 9901 | €41,631 | -€12,544 | -€54,175 | |
| Financial income | 75/76B | €1,122 | €2,512 | +€1,390 | +123.9% |
| Recurring financial income | 75 | €1,122 | €2,512 | +€1,390 | +123.9% |
| Financial charges | 65/66B | €9,891 | €17,465 | +€7,574 | +76.6% |
| Recurring financial charges | 65 | €9,891 | €17,465 | +€7,574 | +76.6% |
| Profit (loss) for the period before taxes | 9903 | €32,862 | -€27,497 | -€60,359 | |
| Income taxes | 67/77 | €9,002 | €513 | -€8,489 | -94.3% |
| Profit (loss) for the period | 9904 | €23,860 | -€28,010 | -€51,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,860 | -€28,010 | -€51,870 |
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 9 October 2026 via checked.be.