KLAU: 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.
KLAU
Largest movements
- Receivables within one year +€37,078
up €37,078 (+276.1%), from €13,427 to €50,506
of which Trade receivables: +€36,711
- Reserves +€43,366
up €43,366 (+16.9%), from €256,976 to €300,343
- Tax, wage and social debts -€6,328
down €6,328 (-37.5%), from €16,874 to €10,546
- Gross operating margin +€12,704
up €12,704 (+25.4%), from €50,047 to €62,752
- Financial income +€4,247
up €4,247 (+337.4%), from €1,259 to €5,505
- Taxes +€3,951
up €3,951 (+24.4%), from €16,171 to €20,123
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 | €284,352 | €320,528 | +€36,176 | +12.7% |
| Fixed assets | 21/28 | €7,410 | €5,376 | -€2,034 | -27.5% |
| Tangible fixed assets | 22/27 | €7,410 | €5,376 | -€2,034 | -27.5% |
| Plant, machinery and equipment | 23 | €7,410 | €4,310 | -€3,100 | -41.8% |
| Furniture and vehicles | 24 | - | €1,066 | +€1,066 | |
| Current assets | 29/58 | €276,941 | €315,152 | +€38,211 | +13.8% |
| Amounts receivable within one year | 40/41 | €13,427 | €50,506 | +€37,078 | +276.1% |
| Trade receivables | 40 | €13,317 | €50,028 | +€36,711 | +275.7% |
| Other amounts receivable | 41 | €110 | €478 | +€368 | +333.3% |
| Current investments | 50/53 | €139,444 | €139,444 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,315 | €124,709 | +€1,394 | +1.1% |
| Deferred charges and accrued income | 490/1 | €755 | €494 | -€262 | -34.6% |
| Total equity and liabilities | 10/49 | €284,352 | €320,528 | +€36,176 | +12.7% |
| Equity | 10/15 | €264,144 | €307,510 | +€43,366 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €256,976 | €300,343 | +€43,366 | +16.9% |
| Distributable reserves | 133 | €256,976 | €300,343 | +€43,366 | +16.9% |
| Profit (loss) carried forward | 14 | €968 | €968 | = | 0.0% |
| Amounts payable | 17/49 | €20,208 | €13,017 | -€7,190 | -35.6% |
| Amounts payable within one year | 42/48 | €20,208 | €13,017 | -€7,190 | -35.6% |
| Trade debts | 44 | €1,628 | €10 | -€1,618 | -99.4% |
| Suppliers | 440/4 | €1,628 | €10 | -€1,618 | -99.4% |
| Taxes, remuneration and social security | 45 | €16,874 | €10,546 | -€6,328 | -37.5% |
| Taxes | 450/3 | €16,874 | €10,546 | -€6,328 | -37.5% |
| Other amounts payable | 47/48 | €1,706 | €2,462 | +€756 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,095 | €3,416 | +€320 | +10.3% |
| Other operating charges | 640/8 | €1,038 | €1,061 | +€23 | +2.3% |
| Gross operating margin | 9900 | €50,047 | €62,752 | +€12,704 | +25.4% |
| Operating profit (loss) | 9901 | €45,914 | €58,275 | +€12,361 | +26.9% |
| Financial income | 75/76B | €1,259 | €5,505 | +€4,247 | +337.4% |
| Recurring financial income | 75 | €1,259 | €5,505 | +€4,247 | +337.4% |
| Financial charges | 65/66B | €135 | €291 | +€156 | +115.1% |
| Recurring financial charges | 65 | €135 | €291 | +€156 | +115.1% |
| Profit (loss) for the period before taxes | 9903 | €47,038 | €63,489 | +€16,451 | +35.0% |
| Income taxes | 67/77 | €16,171 | €20,123 | +€3,951 | +24.4% |
| Profit (loss) for the period | 9904 | €30,866 | €43,366 | +€12,500 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,866 | €43,366 | +€12,500 | +40.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.