KLAS: 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.
KLAS
Largest movements
- Stocks and contracts +€57,193
up €57,193 (+10.0%), from €573,119 to €630,311
- Tangible fixed assets -€41,468
down €41,468 (-24.2%), from €171,529 to €130,060
of which Furniture and vehicles: -€33,285
- Receivables within one year +€41,450
up €41,450 (+533.7%), from €7,766 to €49,216
of which Trade receivables: +€30,042
- Deferred charges and accrued income +€9,403
up €9,403 (+527.1%), from €1,784 to €11,187
- Debts after one year +€88,072
up €88,072 (+73.8%), from €119,322 to €207,394
- Tax, wage and social debts -€24,553
down €24,553 (-67.6%), from €36,331 to €11,778
of which Taxes: -€23,455
- Trade debts +€18,995
up €18,995 (+23.6%), from €80,330 to €99,326
- Other debts -€9,603
down €9,603 (-8.2%), from €116,849 to €107,246
- Staff costs +€11,527
up €11,527 (+33.5%), from €34,394 to €45,921
- Gross operating margin -€9,455
down €9,455 (-7.7%), from €122,554 to €113,099
- Taxes -€6,982
down €6,982 (-93.9%), from €7,436 to €454
- Financial charges +€4,090
up €4,090 (+24.8%), from €16,490 to €20,580
- Other operating charges +€3,288
up €3,288 (+58.4%), from €5,632 to €8,921
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 | €785,553 | €848,428 | +€62,875 | +8.0% |
| Fixed assets | 21/28 | €172,523 | €130,454 | -€42,068 | -24.4% |
| Intangible fixed assets | 21 | €904 | €304 | -€600 | -66.4% |
| Tangible fixed assets | 22/27 | €171,529 | €130,060 | -€41,468 | -24.2% |
| Furniture and vehicles | 24 | €126,961 | €93,675 | -€33,285 | -26.2% |
| Other tangible fixed assets | 26 | €44,568 | €36,385 | -€8,183 | -18.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €613,030 | €717,974 | +€104,944 | +17.1% |
| Stocks and contracts in progress | 3 | €573,119 | €630,311 | +€57,193 | +10.0% |
| Stocks | 30/36 | €573,119 | €630,311 | +€57,193 | +10.0% |
| Amounts receivable within one year | 40/41 | €7,766 | €49,216 | +€41,450 | +533.7% |
| Trade receivables | 40 | €7,266 | €37,308 | +€30,042 | +413.4% |
| Other amounts receivable | 41 | €500 | €11,908 | +€11,408 | +2281.6% |
| Cash at bank and in hand | 54/58 | €30,361 | €27,260 | -€3,102 | -10.2% |
| Deferred charges and accrued income | 490/1 | €1,784 | €11,187 | +€9,403 | +527.1% |
| Total equity and liabilities | 10/49 | €785,553 | €848,428 | +€62,875 | +8.0% |
| Equity | 10/15 | €205,176 | €197,004 | -€8,172 | -4.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €143,676 | €143,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €137,526 | €137,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,172 | -€8,172 | |
| Amounts payable | 17/49 | €580,377 | €651,424 | +€71,047 | +12.2% |
| Amounts payable after more than one year | 17 | €119,322 | €207,394 | +€88,072 | +73.8% |
| Financial debts | 170/4 | €119,322 | €207,394 | +€88,072 | +73.8% |
| Amounts payable within one year | 42/48 | €461,055 | €444,031 | -€17,025 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €77,545 | €75,680 | -€1,865 | -2.4% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €80,330 | €99,326 | +€18,995 | +23.6% |
| Suppliers | 440/4 | €80,330 | €99,326 | +€18,995 | +23.6% |
| Taxes, remuneration and social security | 45 | €36,331 | €11,778 | -€24,553 | -67.6% |
| Taxes | 450/3 | €31,345 | €7,890 | -€23,455 | -74.8% |
| Remuneration and social security | 454/9 | €4,986 | €3,888 | -€1,098 | -22.0% |
| Other amounts payable | 47/48 | €116,849 | €107,246 | -€9,603 | -8.2% |
| Remuneration, social security and pensions | 62 | €34,394 | €45,921 | +€11,527 | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,832 | €45,420 | +€588 | +1.3% |
| Other operating charges | 640/8 | €5,632 | €8,921 | +€3,288 | +58.4% |
| Gross operating margin | 9900 | €122,554 | €113,099 | -€9,455 | -7.7% |
| Operating profit (loss) | 9901 | €37,696 | €12,838 | -€24,859 | -65.9% |
| Financial income | 75/76B | €60 | €25 | -€35 | -59.1% |
| Recurring financial income | 75 | €60 | €25 | -€35 | -59.1% |
| Financial charges | 65/66B | €16,490 | €20,580 | +€4,090 | +24.8% |
| Recurring financial charges | 65 | €16,490 | €20,580 | +€4,090 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €21,266 | -€7,718 | -€28,984 | |
| Income taxes | 67/77 | €7,436 | €454 | -€6,982 | -93.9% |
| Profit (loss) for the period | 9904 | €13,830 | -€8,172 | -€22,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,830 | -€8,172 | -€22,002 |
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 28 September 2026 via checked.be.