KLAFOUTIS: 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.
KLAFOUTIS
Largest movements
- Receivables within one year -€1.7m
down €1.7m (-98.9%), from €1.7m to €18,262
of which Trade receivables: -€1.5m
- Cash +€26,586
up €26,586 (+69.7%), from €38,150 to €64,736
mainly Receivables within one year (+€1.7m) and Current portion of long-term debt (+€43,179)
- Trade debts -€1.7m
down €1.7m (-97.1%), from €1.8m to €51,041
- Profit (loss) carried forward -€43,303
new in 2025: -€43,303
- Current portion of long-term debt +€43,179
new in 2025: €43,179
- Tax, wage and social debts +€36,736
up €36,736 (+87.1%), from €42,200 to €78,936
of which Taxes: +€31,449
- Gross operating margin -€57,251
down €57,251 (-13.4%), from €425,824 to €368,573
- Staff costs -€16,594
down €16,594 (-4.0%), from €415,793 to €399,199
- Taxes -€4,355
down €4,355 (-100%), from €4,355 to €0
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 | €1,830,033 | €176,129 | -€1.7m | -90.4% |
| Fixed assets | 21/28 | €47,416 | €42,134 | -€5,283 | -11.1% |
| Intangible fixed assets | 21 | €1,195 | €1,951 | +€756 | +63.3% |
| Tangible fixed assets | 22/27 | €38,222 | €32,183 | -€6,039 | -15.8% |
| Plant, machinery and equipment | 23 | €16,482 | €12,195 | -€4,287 | -26.0% |
| Furniture and vehicles | 24 | €12,413 | €11,690 | -€724 | -5.8% |
| Other tangible fixed assets | 26 | €9,326 | €8,298 | -€1,028 | -11.0% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €1,782,617 | €133,995 | -€1.6m | -92.5% |
| Stocks and contracts in progress | 3 | €62,350 | €44,850 | -€17,500 | -28.1% |
| Stocks | 30/36 | €62,350 | €44,850 | -€17,500 | -28.1% |
| Amounts receivable within one year | 40/41 | €1,679,332 | €18,262 | -€1.7m | -98.9% |
| Trade receivables | 40 | €1,530,043 | €17,816 | -€1.5m | -98.8% |
| Other amounts receivable | 41 | €149,290 | €447 | -€148,843 | -99.7% |
| Cash at bank and in hand | 54/58 | €38,150 | €64,736 | +€26,586 | +69.7% |
| Deferred charges and accrued income | 490/1 | €2,785 | €6,147 | +€3,362 | +121% |
| Total equity and liabilities | 10/49 | €1,830,033 | €176,129 | -€1.7m | -90.4% |
| Equity | 10/15 | €1,059 | -€42,303 | -€43,362 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59 | €0 | -€59 | -100% |
| Distributable reserves | 133 | €59 | €0 | -€59 | -100% |
| Profit (loss) carried forward | 14 | - | -€43,303 | -€43,303 | |
| Amounts payable | 17/49 | €1,828,974 | €218,432 | -€1.6m | -88.1% |
| Amounts payable after more than one year | 17 | - | €13,442 | +€13,442 | |
| Financial debts | 170/4 | - | €13,442 | +€13,442 | |
| Amounts payable within one year | 42/48 | €1,825,841 | €204,776 | -€1.6m | -88.8% |
| Current portion of amounts payable after more than one year | 42 | - | €43,179 | +€43,179 | |
| Trade debts | 44 | €1,757,291 | €51,041 | -€1.7m | -97.1% |
| Suppliers | 440/4 | €1,757,291 | €51,041 | -€1.7m | -97.1% |
| Taxes, remuneration and social security | 45 | €42,200 | €78,936 | +€36,736 | +87.1% |
| Taxes | 450/3 | €15,917 | €47,366 | +€31,449 | +198% |
| Remuneration and social security | 454/9 | €26,283 | €31,569 | +€5,286 | +20.1% |
| Other amounts payable | 47/48 | €26,350 | €31,620 | +€5,270 | +20.0% |
| Accrued charges and deferred income | 492/3 | €3,133 | €214 | -€2,918 | -93.2% |
| Non-recurring operating income | 76A | - | €26 | +€26 | |
| Remuneration, social security and pensions | 62 | €415,793 | €399,199 | -€16,594 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,981 | €8,611 | +€3,630 | +72.9% |
| Other operating charges | 640/8 | €1,018 | €1,618 | +€600 | +58.9% |
| Gross operating margin | 9900 | €425,824 | €368,573 | -€57,251 | -13.4% |
| Operating profit (loss) | 9901 | €4,032 | -€40,855 | -€44,887 | |
| Financial income | 75/76B | €791 | €293 | -€498 | -63.0% |
| Recurring financial income | 75 | €791 | €293 | -€498 | -63.0% |
| Financial charges | 65/66B | €409 | €2,800 | +€2,391 | +585% |
| Recurring financial charges | 65 | €409 | €2,800 | +€2,391 | +585% |
| Profit (loss) for the period before taxes | 9903 | €4,414 | -€43,362 | -€47,777 | |
| Income taxes | 67/77 | €4,355 | €0 | -€4,355 | -100% |
| Profit (loss) for the period | 9904 | €59 | -€43,362 | -€43,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €59 | -€43,362 | -€43,422 |
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 16 October 2026 via checked.be.