KLAVER IMMO: 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.
KLAVER IMMO
Largest movements
- Cash -€136,075
down €136,075 (-28.4%), from €479,071 to €342,996
mainly Other debts (-€149,050) and Investment in fixed assets (net) (-€105,015)
- Receivables within one year -€47,934
down €47,934 (-31.5%), from €152,068 to €104,135
of which Other amounts receivable: -€48,420
- Other debts -€149,050
down €149,050 (-71.3%), from €209,028 to €59,977
- Reserves +€135,539
up €135,539 (+22.7%), from €598,338 to €733,877
- Trade debts -€96,546
down €96,546 (-60.9%), from €158,527 to €61,982
- Debts after one year -€73,904
down €73,904 (-8.2%), from €905,945 to €832,041
- Staff costs -€52,642
down €52,642 (-25.2%), from €209,019 to €156,377
- Depreciation -€50,000
down €50,000 (-32.4%), from €154,148 to €104,147
- Taxes +€39,675
up €39,675 (+1,730%), from €2,293 to €41,967
- Financial charges +€6,278
up €6,278 (+35.8%), from €17,559 to €23,837
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 | €2,077,482 | €1,894,843 | -€182,639 | -8.8% |
| Fixed assets | 21/28 | €1,423,883 | €1,424,751 | +€867 | +0.1% |
| Tangible fixed assets | 22/27 | €1,423,883 | €1,424,751 | +€867 | +0.1% |
| Land and buildings | 22 | €1,305,921 | €1,337,849 | +€31,928 | +2.4% |
| Plant, machinery and equipment | 23 | €24,951 | €30,662 | +€5,712 | +22.9% |
| Furniture and vehicles | 24 | €93,012 | €56,240 | -€36,772 | -39.5% |
| Current assets | 29/58 | €653,599 | €470,092 | -€183,507 | -28.1% |
| Amounts receivable within one year | 40/41 | €152,068 | €104,135 | -€47,934 | -31.5% |
| Trade receivables | 40 | €43,786 | €44,272 | +€486 | +1.1% |
| Other amounts receivable | 41 | €108,283 | €59,863 | -€48,420 | -44.7% |
| Cash at bank and in hand | 54/58 | €479,071 | €342,996 | -€136,075 | -28.4% |
| Deferred charges and accrued income | 490/1 | €22,459 | €22,961 | +€502 | +2.2% |
| Total equity and liabilities | 10/49 | €2,077,482 | €1,894,843 | -€182,639 | -8.8% |
| Equity | 10/15 | €616,938 | €752,477 | +€135,539 | +22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €598,338 | €733,877 | +€135,539 | +22.7% |
| Distributable reserves | 133 | €598,338 | €733,877 | +€135,539 | +22.7% |
| Amounts payable | 17/49 | €1,460,544 | €1,142,366 | -€318,178 | -21.8% |
| Amounts payable after more than one year | 17 | €905,945 | €832,041 | -€73,904 | -8.2% |
| Financial debts | 170/4 | €905,945 | €832,041 | -€73,904 | -8.2% |
| Amounts payable within one year | 42/48 | €554,599 | €310,315 | -€244,284 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €72,974 | €73,904 | +€930 | +1.3% |
| Financial debts | 43 | €52,500 | €52,500 | = | 0.0% |
| Other loans | 439 | €52,500 | €52,500 | = | 0.0% |
| Trade debts | 44 | €158,527 | €61,982 | -€96,546 | -60.9% |
| Suppliers | 440/4 | €158,527 | €61,982 | -€96,546 | -60.9% |
| Taxes, remuneration and social security | 45 | €61,570 | €61,952 | +€382 | +0.6% |
| Taxes | 450/3 | €49,634 | €48,979 | -€654 | -1.3% |
| Remuneration and social security | 454/9 | €11,937 | €12,973 | +€1,036 | +8.7% |
| Other amounts payable | 47/48 | €209,028 | €59,977 | -€149,050 | -71.3% |
| Accrued charges and deferred income | 492/3 | - | €10 | +€10 | |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Remuneration, social security and pensions | 62 | €209,019 | €156,377 | -€52,642 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,148 | €104,147 | -€50,000 | -32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €250 | +€250 | |
| Other operating charges | 640/8 | €10,089 | €11,857 | +€1,768 | +17.5% |
| Gross operating margin | 9900 | €472,094 | €473,187 | +€1,093 | +0.2% |
| Operating profit (loss) | 9901 | €98,839 | €200,556 | +€101,718 | +103% |
| Financial income | 75/76B | €3,100 | €787 | -€2,313 | -74.6% |
| Recurring financial income | 75 | €3,100 | €787 | -€2,313 | -74.6% |
| Financial charges | 65/66B | €17,559 | €23,837 | +€6,278 | +35.8% |
| Recurring financial charges | 65 | €17,559 | €23,837 | +€6,278 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €84,380 | €177,506 | +€93,126 | +110% |
| Income taxes | 67/77 | €2,293 | €41,967 | +€39,675 | +1,730% |
| Profit (loss) for the period | 9904 | €82,087 | €135,539 | +€53,452 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,087 | €135,539 | +€53,452 | +65.1% |
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 15 October 2026 via checked.be.