KLAS BD: 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.
KLAS BD
Largest movements
- Tangible fixed assets -€82,577
down €82,577 (-13.4%), from €615,220 to €532,643
- Receivables within one year +€9,041
up €9,041 (+12.6%), from €71,885 to €80,926
of which Trade receivables: +€11,815
- Cash +€8,100
up €8,100 (+198%), from €4,090 to €12,190
mainly Depreciation (+€82,577) and Net result for the year (+€23,614)
- Debts after one year -€97,847
down €97,847 (-20.4%), from €480,138 to €382,291
of which Financial debts: -€101,170
- Reserves +€23,614
up €23,614 (+45.6%), from €51,780 to €75,395
- Trade debts +€7,936
up €7,936 (+68.9%), from €11,522 to €19,458
- Depreciation -€17,908
down €17,908 (-17.8%), from €100,485 to €82,577
- Taxes +€6,152
up €6,152 (+65.9%), from €9,332 to €15,484
- Financial charges -€3,644
down €3,644 (-14.9%), from €24,422 to €20,778
- Gross operating margin -€3,179
down €3,179 (-2.1%), from €152,702 to €149,523
- Write-downs +€2,201
new in 2025: €2,201
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 | €695,668 | €630,125 | -€65,543 | -9.4% |
| Fixed assets | 21/28 | €615,220 | €532,643 | -€82,577 | -13.4% |
| Tangible fixed assets | 22/27 | €615,220 | €532,643 | -€82,577 | -13.4% |
| Land and buildings | 22 | €195,443 | €183,585 | -€11,857 | -6.1% |
| Plant, machinery and equipment | 23 | €58,786 | €36,830 | -€21,956 | -37.3% |
| Furniture and vehicles | 24 | €38,173 | €20,485 | -€17,688 | -46.3% |
| Leasing and similar rights | 25 | €109,627 | €96,627 | -€13,000 | -11.9% |
| Other tangible fixed assets | 26 | €213,191 | €195,115 | -€18,076 | -8.5% |
| Current assets | 29/58 | €80,448 | €97,482 | +€17,033 | +21.2% |
| Amounts receivable within one year | 40/41 | €71,885 | €80,926 | +€9,041 | +12.6% |
| Trade receivables | 40 | €68,586 | €80,401 | +€11,815 | +17.2% |
| Other amounts receivable | 41 | €3,299 | €525 | -€2,774 | -84.1% |
| Cash at bank and in hand | 54/58 | €4,090 | €12,190 | +€8,100 | +198% |
| Deferred charges and accrued income | 490/1 | €4,473 | €4,366 | -€107 | -2.4% |
| Total equity and liabilities | 10/49 | €695,668 | €630,125 | -€65,543 | -9.4% |
| Equity | 10/15 | €70,380 | €93,995 | +€23,614 | +33.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,780 | €75,395 | +€23,614 | +45.6% |
| Distributable reserves | 133 | €51,780 | €75,395 | +€23,614 | +45.6% |
| Amounts payable | 17/49 | €625,288 | €536,130 | -€89,158 | -14.3% |
| Amounts payable after more than one year | 17 | €480,138 | €382,291 | -€97,847 | -20.4% |
| Financial debts | 170/4 | €480,138 | €378,968 | -€101,170 | -21.1% |
| Other amounts payable | 178/9 | - | €3,322 | +€3,322 | |
| Amounts payable within one year | 42/48 | €144,549 | €153,239 | +€8,690 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €105,401 | €101,170 | -€4,232 | -4.0% |
| Trade debts | 44 | €11,522 | €19,458 | +€7,936 | +68.9% |
| Suppliers | 440/4 | €11,522 | €19,458 | +€7,936 | +68.9% |
| Taxes, remuneration and social security | 45 | €18,626 | €23,161 | +€4,535 | +24.3% |
| Taxes | 450/3 | €18,626 | €21,748 | +€3,122 | +16.8% |
| Remuneration and social security | 454/9 | - | €1,414 | +€1,414 | |
| Other amounts payable | 47/48 | €9,000 | €9,450 | +€450 | +5.0% |
| Accrued charges and deferred income | 492/3 | €601 | €601 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,485 | €82,577 | -€17,908 | -17.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,201 | +€2,201 | |
| Other operating charges | 640/8 | €4,015 | €4,869 | +€854 | +21.3% |
| Gross operating margin | 9900 | €152,702 | €149,523 | -€3,179 | -2.1% |
| Operating profit (loss) | 9901 | €48,202 | €59,876 | +€11,674 | +24.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €24,422 | €20,778 | -€3,644 | -14.9% |
| Recurring financial charges | 65 | €24,422 | €20,778 | -€3,644 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €23,780 | €39,099 | +€15,319 | +64.4% |
| Income taxes | 67/77 | €9,332 | €15,484 | +€6,152 | +65.9% |
| Profit (loss) for the period | 9904 | €14,447 | €23,614 | +€9,167 | +63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,447 | €23,614 | +€9,167 | +63.5% |
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 25 October 2026 via checked.be.