KLAF: 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.
KLAF
Largest movements
- Receivables within one year +€88,893
up €88,893 (+1736.0%), from €5,121 to €94,013
- Cash +€7,820
up €7,820 (+25.2%), from €31,017 to €38,837
mainly Trade debts (+€90,071) and Net result for the year (+€2,835)
- Tangible fixed assets -€1,571
down €1,571 (-28.2%), from €5,572 to €4,001
- Trade debts +€90,071
up €90,071 (+410.9%), from €21,921 to €111,992
- Reserves +€2,500
up €2,500 (+50.0%), from €5,000 to €7,500
- Tax, wage and social debts +€2,236
up €2,236 (+65.7%), from €3,405 to €5,642
- Gross operating margin +€3,331
up €3,331 (+133.7%), from €2,493 to €5,824
- Taxes +€1,025
up €1,025 (+4100.0%), from €25 to €1,050
- Financial charges +€150
up €150 (+312.5%), from €48 to €198
- Other operating charges +€121
up €121 (+241.2%), from €50 to €171
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 | €41,709 | €136,852 | +€95,143 | +228.1% |
| Fixed assets | 21/28 | €5,572 | €4,001 | -€1,571 | -28.2% |
| Tangible fixed assets | 22/27 | €5,572 | €4,001 | -€1,571 | -28.2% |
| Furniture and vehicles | 24 | €5,572 | €4,001 | -€1,571 | -28.2% |
| Current assets | 29/58 | €36,138 | €132,851 | +€96,713 | +267.6% |
| Amounts receivable within one year | 40/41 | €5,121 | €94,013 | +€88,893 | +1736.0% |
| Trade receivables | 40 | €5,121 | €94,013 | +€88,893 | +1736.0% |
| Cash at bank and in hand | 54/58 | €31,017 | €38,837 | +€7,820 | +25.2% |
| Total equity and liabilities | 10/49 | €41,709 | €136,852 | +€95,143 | +228.1% |
| Equity | 10/15 | €16,383 | €19,218 | +€2,835 | +17.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €7,500 | +€2,500 | +50.0% |
| Distributable reserves | 133 | €5,000 | €7,500 | +€2,500 | +50.0% |
| Profit (loss) carried forward | 14 | €1,383 | €1,718 | +€335 | +24.2% |
| Amounts payable | 17/49 | €25,326 | €117,634 | +€92,308 | +364.5% |
| Amounts payable within one year | 42/48 | €25,326 | €117,634 | +€92,308 | +364.5% |
| Trade debts | 44 | €21,921 | €111,992 | +€90,071 | +410.9% |
| Suppliers | 440/4 | €21,921 | €111,992 | +€90,071 | +410.9% |
| Taxes, remuneration and social security | 45 | €3,405 | €5,642 | +€2,236 | +65.7% |
| Taxes | 450/3 | €3,405 | €5,642 | +€2,236 | +65.7% |
| Non-recurring operating income | 76A | €4,500 | - | -€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,571 | €1,571 | = | 0.0% |
| Other operating charges | 640/8 | €50 | €171 | +€121 | +241.2% |
| Gross operating margin | 9900 | €2,493 | €5,824 | +€3,331 | +133.7% |
| Operating profit (loss) | 9901 | €872 | €4,083 | +€3,211 | +368.2% |
| Financial charges | 65/66B | €48 | €198 | +€150 | +312.5% |
| Recurring financial charges | 65 | €48 | €198 | +€150 | +312.5% |
| Profit (loss) for the period before taxes | 9903 | €824 | €3,885 | +€3,061 | +371.5% |
| Income taxes | 67/77 | €25 | €1,050 | +€1,025 | +4100.0% |
| Profit (loss) for the period | 9904 | €799 | €2,835 | +€2,036 | +254.8% |
| Profit (loss) for the period to be appropriated | 9905 | €799 | €2,835 | +€2,036 | +254.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.