KLAVERENBOER: 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.
KLAVERENBOER
Largest movements
- Receivables within one year +€899,747
up €899,747 (+440%), from €204,400 to €1.1m
- Stocks and contracts -€179,214
down €179,214 (-98.8%), from €181,412 to €2,197
- Cash -€64,163
down €64,163 (-58.3%), from €110,006 to €45,843
mainly Receivables within one year (-€899,747)
- Reserves +€642,583
up €642,583 (+149%), from €432,524 to €1.1m
of which Distributable reserves: +€614,209
- Tax, wage and social debts +€13,787
new in 2025: €13,787
- Financial income +€564,021
up €564,021 (+13,973%), from €4,037 to €568,057
- Gross operating margin -€13,404
down €13,404 (-11.5%), from €116,495 to €103,091
- Other operating charges -€3,288
down €3,288 (-89.2%), from €3,688 to €400
- Taxes -€1,717
down €1,717 (-5.9%), from €29,002 to €27,285
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 | €557,524 | €1,213,893 | +€656,370 | +118% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €61,706 | €61,706 | = | 0.0% |
| Financial fixed assets | 28 | €61,706 | €61,706 | = | 0.0% |
| Current assets | 29/58 | €495,818 | €1,152,187 | +€656,370 | +132% |
| Stocks and contracts in progress | 3 | €181,412 | €2,197 | -€179,214 | -98.8% |
| Stocks | 30/36 | €181,412 | €2,197 | -€179,214 | -98.8% |
| Amounts receivable within one year | 40/41 | €204,400 | €1,104,147 | +€899,747 | +440% |
| Other amounts receivable | 41 | €204,400 | €1,104,147 | +€899,747 | +440% |
| Cash at bank and in hand | 54/58 | €110,006 | €45,843 | -€64,163 | -58.3% |
| Total equity and liabilities | 10/49 | €557,524 | €1,213,893 | +€656,370 | +118% |
| Equity | 10/15 | €557,524 | €1,200,106 | +€642,583 | +115% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €432,524 | €1,075,106 | +€642,583 | +149% |
| Non-distributable reserves | 130/1 | €21,626 | €50,000 | +€28,374 | +131% |
| Legal reserve | 130 | €21,626 | €50,000 | +€28,374 | +131% |
| Distributable reserves | 133 | €410,897 | €1,025,106 | +€614,209 | +149% |
| Amounts payable | 17/49 | - | €13,787 | +€13,787 | |
| Amounts payable within one year | 42/48 | - | €13,787 | +€13,787 | |
| Taxes, remuneration and social security | 45 | - | €13,787 | +€13,787 | |
| Taxes | 450/3 | - | €13,787 | +€13,787 | |
| Other operating charges | 640/8 | €3,688 | €400 | -€3,288 | -89.2% |
| Gross operating margin | 9900 | €116,495 | €103,091 | -€13,404 | -11.5% |
| Operating profit (loss) | 9901 | €112,807 | €102,691 | -€10,116 | -9.0% |
| Financial income | 75/76B | €4,037 | €568,057 | +€564,021 | +13,973% |
| Recurring financial income | 75 | €4,037 | €568,057 | +€564,021 | +13,973% |
| Financial charges | 65/66B | €836 | €881 | +€44 | +5.3% |
| Recurring financial charges | 65 | €836 | €881 | +€44 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €116,007 | €669,868 | +€553,860 | +477% |
| Income taxes | 67/77 | €29,002 | €27,285 | -€1,717 | -5.9% |
| Profit (loss) for the period | 9904 | €87,006 | €642,583 | +€555,577 | +639% |
| Profit (loss) for the period to be appropriated | 9905 | €87,006 | €642,583 | +€555,577 | +639% |
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 23 October 2026 via checked.be.