KLAVER 3: 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.
KLAVER 3
Largest movements
- Tangible fixed assets -€36,431
down €36,431 (-68.3%), from €53,349 to €16,918
of which Land and buildings: -€25,852
- Current investments -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Cash -€15,011
down €15,011 (-21.8%), from €68,887 to €53,877
mainly Contributions, distributions and other (-€206,617) and Tax, wage and social debts (-€10,431)
- Receivables within one year -€13,245
down €13,245 (-22.3%), from €59,360 to €46,115
of which Trade receivables: -€23,098
- Reserves -€140,561
down €140,561 (-100.0%), from €140,561 to €0
- Other debts +€66,617
up €66,617, from €0 to €66,617
- Tax, wage and social debts -€10,431
down €10,431 (-29.6%), from €35,283 to €24,852
- Debts after one year -€9,943
down €9,943 (-76.9%), from €12,934 to €2,991
- Gross operating margin +€26,292
up €26,292 (+40.1%), from €65,538 to €91,830
- Taxes +€6,699
up €6,699 (+65.6%), from €10,219 to €16,917
- Financial income +€4,897
up €4,897 (+4479.0%), from €109 to €5,006
- Depreciation -€2,451
down €2,451 (-17.6%), from €13,929 to €11,478
- Financial charges -€1,571
down €1,571 (-68.5%), from €2,293 to €722
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 | €211,597 | €116,910 | -€94,687 | -44.7% |
| Fixed assets | 21/28 | €53,349 | €16,918 | -€36,431 | -68.3% |
| Tangible fixed assets | 22/27 | €53,349 | €16,918 | -€36,431 | -68.3% |
| Land and buildings | 22 | €25,852 | €0 | -€25,852 | -100.0% |
| Plant, machinery and equipment | 23 | €936 | €1,461 | +€525 | +56.1% |
| Furniture and vehicles | 24 | €3,460 | €2,699 | -€762 | -22.0% |
| Leasing and similar rights | 25 | €23,102 | €12,759 | -€10,343 | -44.8% |
| Current assets | 29/58 | €158,248 | €99,992 | -€58,256 | -36.8% |
| Amounts receivable within one year | 40/41 | €59,360 | €46,115 | -€13,245 | -22.3% |
| Trade receivables | 40 | €39,101 | €16,003 | -€23,098 | -59.1% |
| Other amounts receivable | 41 | €20,259 | €30,112 | +€9,853 | +48.6% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €68,887 | €53,877 | -€15,011 | -21.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €211,597 | €116,910 | -€94,687 | -44.7% |
| Equity | 10/15 | €150,561 | €10,000 | -€140,561 | -93.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €140,561 | €0 | -€140,561 | -100.0% |
| Distributable reserves | 133 | €140,561 | €0 | -€140,561 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,036 | €106,910 | +€45,874 | +75.2% |
| Amounts payable after more than one year | 17 | €12,934 | €2,991 | -€9,943 | -76.9% |
| Financial debts | 170/4 | €12,934 | €2,991 | -€9,943 | -76.9% |
| Amounts payable within one year | 42/48 | €47,186 | €103,919 | +€56,733 | +120.2% |
| Current portion of amounts payable after more than one year | 42 | €9,781 | €9,943 | +€163 | +1.7% |
| Trade debts | 44 | €2,121 | €2,507 | +€385 | +18.1% |
| Suppliers | 440/4 | €2,121 | €2,507 | +€385 | +18.1% |
| Taxes, remuneration and social security | 45 | €35,283 | €24,852 | -€10,431 | -29.6% |
| Taxes | 450/3 | €35,283 | €24,852 | -€10,431 | -29.6% |
| Other amounts payable | 47/48 | €0 | €66,617 | +€66,617 | |
| Accrued charges and deferred income | 492/3 | €916 | €0 | -€916 | -100.0% |
| Non-recurring operating income | 76A | €3,184 | €0 | -€3,184 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,929 | €11,478 | -€2,451 | -17.6% |
| Other operating charges | 640/8 | €579 | €1,663 | +€1,084 | +187.1% |
| Gross operating margin | 9900 | €65,538 | €91,830 | +€26,292 | +40.1% |
| Operating profit (loss) | 9901 | €51,030 | €78,689 | +€27,659 | +54.2% |
| Financial income | 75/76B | €109 | €5,006 | +€4,897 | +4479.0% |
| Recurring financial income | 75 | €109 | €5,006 | +€4,897 | +4479.0% |
| Financial charges | 65/66B | €2,293 | €722 | -€1,571 | -68.5% |
| Recurring financial charges | 65 | €2,293 | €722 | -€1,571 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €48,847 | €82,973 | +€34,127 | +69.9% |
| Income taxes | 67/77 | €10,219 | €16,917 | +€6,699 | +65.6% |
| Profit (loss) for the period | 9904 | €38,628 | €66,056 | +€27,428 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,628 | €66,056 | +€27,428 | +71.0% |
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 7 October 2026 via checked.be.