KLAVERBLAD: 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.
KLAVERBLAD
Largest movements
- Tangible fixed assets -€31,085
down €31,085 (-5.3%), from €585,983 to €554,898
- Cash +€7,531
up €7,531 (+134%), from €5,627 to €13,158
mainly Depreciation (+€62,605) and Other debts (+€20,146)
- Debts after one year -€39,156
down €39,156 (-32.2%), from €121,626 to €82,470
- Other debts +€20,146
up €20,146 (+2.4%), from €835,459 to €855,605
- Profit (loss) carried forward -€10,484
down €10,484 (-0.7%), from -€1.4m to -€1.5m
- Gross operating margin +€24,860
up €24,860 (+63.9%), from €38,894 to €63,754
- Other operating charges +€5,091
up €5,091 (+217%), from €2,344 to €7,436
- Depreciation +€4,790
up €4,790 (+8.3%), from €57,815 to €62,605
- Financial charges -€1,054
down €1,054 (-18.7%), from €5,652 to €4,597
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 | €604,363 | €575,794 | -€28,570 | -4.7% |
| Fixed assets | 21/28 | €593,419 | €562,335 | -€31,085 | -5.2% |
| Tangible fixed assets | 22/27 | €585,983 | €554,898 | -€31,085 | -5.3% |
| Land and buildings | 22 | €585,983 | €554,898 | -€31,085 | -5.3% |
| Financial fixed assets | 28 | €7,437 | €7,437 | = | 0.0% |
| Current assets | 29/58 | €10,944 | €13,459 | +€2,515 | +23.0% |
| Amounts receivable within one year | 40/41 | €5,152 | €132 | -€5,021 | -97.4% |
| Trade receivables | 40 | €5,152 | €132 | -€5,021 | -97.4% |
| Cash at bank and in hand | 54/58 | €5,627 | €13,158 | +€7,531 | +134% |
| Deferred charges and accrued income | 490/1 | €164 | €169 | +€4 | +2.6% |
| Total equity and liabilities | 10/49 | €604,363 | €575,794 | -€28,570 | -4.7% |
| Equity | 10/15 | -€390,953 | -€401,438 | -€10,484 | -2.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €49,579 | €49,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,579 | €49,579 | = | 0.0% |
| Legal reserve | 130 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,440,532 | -€1,451,016 | -€10,484 | -0.7% |
| Amounts payable | 17/49 | €995,317 | €977,231 | -€18,085 | -1.8% |
| Amounts payable after more than one year | 17 | €121,626 | €82,470 | -€39,156 | -32.2% |
| Financial debts | 170/4 | €121,626 | €82,470 | -€39,156 | -32.2% |
| Amounts payable within one year | 42/48 | €873,691 | €894,761 | +€21,071 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €37,832 | €39,156 | +€1,324 | +3.5% |
| Trade debts | 44 | €399 | - | -€399 | |
| Suppliers | 440/4 | €399 | - | -€399 | |
| Other amounts payable | 47/48 | €835,459 | €855,605 | +€20,146 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,815 | €62,605 | +€4,790 | +8.3% |
| Other operating charges | 640/8 | €2,344 | €7,436 | +€5,091 | +217% |
| Gross operating margin | 9900 | €38,894 | €63,754 | +€24,860 | +63.9% |
| Operating profit (loss) | 9901 | -€21,265 | -€6,286 | +€14,979 | +70.4% |
| Financial income | 75/76B | - | €399 | +€399 | |
| Recurring financial income | 75 | - | €399 | +€399 | |
| Non-recurring financial income | 76B | - | €399 | +€399 | |
| Financial charges | 65/66B | €5,652 | €4,597 | -€1,054 | -18.7% |
| Recurring financial charges | 65 | €5,652 | €4,597 | -€1,054 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,917 | -€10,484 | +€16,433 | +61.0% |
| Profit (loss) for the period | 9904 | -€26,917 | -€10,484 | +€16,433 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,917 | -€10,484 | +€16,433 | +61.0% |
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 24 October 2026 via checked.be.