KLAER: what changed
Two fiscal 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.
KLAER
Largest movements
- Stocks and contracts +€277,343
new in 2025: €277,343
- Receivables within one year -€212,656
down €212,656 (-97.7%), from €217,736 to €5,079
of which Other amounts receivable: -€109,281
- Tangible fixed assets +€94,967
up €94,967 (+5633.1%), from €1,686 to €96,653
of which Furniture and vehicles: +€60,409
- Cash -€92,622
down €92,622 (-91.2%), from €101,547 to €8,926
mainly Stocks and contracts (-€277,343) and Contributions, distributions and other (-€200,000)
- Other debts +€39,374
up €39,374 (+19.7%), from €200,232 to €239,606
- Reserves +€35,714
up €35,714 (+13.8%), from €259,118 to €294,832
- Tax, wage and social debts -€8,497
down €8,497 (-7.8%), from €108,791 to €100,293
of which Taxes: -€6,157
- Gross operating margin +€91,264
up €91,264 (+38.7%), from €235,728 to €326,992
- Taxes +€24,450
up €24,450 (+40.9%), from €59,831 to €84,281
- Depreciation +€4,493
up €4,493 (+2473.3%), from €182 to €4,674
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 | €571,153 | €638,193 | +€67,040 | +11.7% |
| Fixed assets | 21/28 | €251,686 | €346,653 | +€94,967 | +37.7% |
| Tangible fixed assets | 22/27 | €1,686 | €96,653 | +€94,967 | +5633.1% |
| Plant, machinery and equipment | 23 | - | €5,695 | +€5,695 | |
| Furniture and vehicles | 24 | €1,686 | €62,095 | +€60,409 | +3583.2% |
| Other tangible fixed assets | 26 | - | €28,863 | +€28,863 | |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €319,468 | €291,540 | -€27,928 | -8.7% |
| Stocks and contracts in progress | 3 | - | €277,343 | +€277,343 | |
| Stocks | 30/36 | - | €277,343 | +€277,343 | |
| Amounts receivable within one year | 40/41 | €217,736 | €5,079 | -€212,656 | -97.7% |
| Trade receivables | 40 | €107,736 | €4,360 | -€103,376 | -96.0% |
| Other amounts receivable | 41 | €110,000 | €719 | -€109,281 | -99.3% |
| Cash at bank and in hand | 54/58 | €101,547 | €8,926 | -€92,622 | -91.2% |
| Deferred charges and accrued income | 490/1 | €185 | €191 | +€7 | +3.6% |
| Total equity and liabilities | 10/49 | €571,153 | €638,193 | +€67,040 | +11.7% |
| Equity | 10/15 | €261,618 | €297,332 | +€35,714 | +13.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €259,118 | €294,832 | +€35,714 | +13.8% |
| Distributable reserves | 133 | €259,118 | €294,832 | +€35,714 | +13.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €309,535 | €340,861 | +€31,326 | +10.1% |
| Amounts payable within one year | 42/48 | €309,535 | €340,861 | +€31,326 | +10.1% |
| Trade debts | 44 | €513 | €962 | +€449 | +87.6% |
| Suppliers | 440/4 | €513 | €962 | +€449 | +87.6% |
| Taxes, remuneration and social security | 45 | €108,791 | €100,293 | -€8,497 | -7.8% |
| Taxes | 450/3 | €104,111 | €97,953 | -€6,157 | -5.9% |
| Remuneration and social security | 454/9 | €4,680 | €2,340 | -€2,340 | -50.0% |
| Other amounts payable | 47/48 | €200,232 | €239,606 | +€39,374 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €4,674 | +€4,493 | +2473.3% |
| Other operating charges | 640/8 | €1,817 | €1,261 | -€556 | -30.6% |
| Gross operating margin | 9900 | €235,728 | €326,992 | +€91,264 | +38.7% |
| Operating profit (loss) | 9901 | €233,730 | €321,057 | +€87,328 | +37.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,433 | €1,063 | -€370 | -25.8% |
| Recurring financial charges | 65 | €1,433 | €1,063 | -€370 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €232,297 | €319,994 | +€87,698 | +37.8% |
| Income taxes | 67/77 | €59,831 | €84,281 | +€24,450 | +40.9% |
| Profit (loss) for the period | 9904 | €172,466 | €235,714 | +€63,248 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,466 | €235,714 | +€63,248 | +36.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.