KLAVERKE: 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.
KLAVERKE
Largest movements
- Tangible fixed assets +€18,317
up €18,317 (+14.0%), from €130,471 to €148,788
of which Plant, machinery and equipment: +€21,490
- Cash +€7,419
up €7,419 (+58.8%), from €12,614 to €20,033
mainly Net result for the year (+€37,784) and Depreciation (+€35,175)
- Trade debts -€47,054
down €47,054 (-41.6%), from €112,994 to €65,940
- Current portion of long-term debt +€32,301
up €32,301 (+67.3%), from €48,021 to €80,322
- Reserves +€21,332
up €21,332 (+48.3%), from €44,178 to €65,510
of which Distributable reserves: +€21,332
- Other debts +€13,157
up €13,157 (+399%), from €3,295 to €16,452
- Short-term financial debts +€6,660
up €6,660 (+79.9%), from €8,340 to €15,000
- Gross operating margin +€30,023
up €30,023 (+25.3%), from €118,449 to €148,472
- Taxes +€10,119
up €10,119 (+196%), from €5,158 to €15,277
- Staff costs +€8,991
up €8,991 (+24.4%), from €36,809 to €45,801
- Depreciation +€5,160
up €5,160 (+17.2%), from €30,014 to €35,175
- Financial charges -€4,881
down €4,881 (-29.2%), from €16,713 to €11,832
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 | €303,910 | €326,451 | +€22,540 | +7.4% |
| Fixed assets | 21/28 | €130,471 | €148,788 | +€18,317 | +14.0% |
| Tangible fixed assets | 22/27 | €130,471 | €148,788 | +€18,317 | +14.0% |
| Land and buildings | 22 | €62,977 | €51,643 | -€11,334 | -18.0% |
| Plant, machinery and equipment | 23 | €54,465 | €75,955 | +€21,490 | +39.5% |
| Furniture and vehicles | 24 | €10,491 | €19,375 | +€8,884 | +84.7% |
| Other tangible fixed assets | 26 | €2,537 | €1,814 | -€723 | -28.5% |
| Current assets | 29/58 | €173,440 | €177,663 | +€4,223 | +2.4% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,585 | €6,550 | -€35 | -0.5% |
| Stocks | 30/36 | €6,585 | €6,550 | -€35 | -0.5% |
| Amounts receivable within one year | 40/41 | €84,295 | €84,240 | -€55 | -0.1% |
| Trade receivables | 40 | €84,295 | €66,238 | -€18,057 | -21.4% |
| Other amounts receivable | 41 | €0 | €18,002 | +€18,002 | |
| Cash at bank and in hand | 54/58 | €12,614 | €20,033 | +€7,419 | +58.8% |
| Deferred charges and accrued income | 490/1 | €9,945 | €6,840 | -€3,105 | -31.2% |
| Total equity and liabilities | 10/49 | €303,910 | €326,451 | +€22,540 | +7.4% |
| Equity | 10/15 | €69,178 | €90,510 | +€21,332 | +30.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €44,178 | €65,510 | +€21,332 | +48.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €44,178 | €65,510 | +€21,332 | +48.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,732 | €235,941 | +€1,209 | +0.5% |
| Amounts payable after more than one year | 17 | €57,293 | €51,478 | -€5,815 | -10.1% |
| Financial debts | 170/4 | €57,293 | €51,478 | -€5,815 | -10.1% |
| Amounts payable within one year | 42/48 | €177,439 | €184,463 | +€7,024 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €48,021 | €80,322 | +€32,301 | +67.3% |
| Financial debts | 43 | €8,340 | €15,000 | +€6,660 | +79.9% |
| Credit institutions | 430/8 | €8,340 | €15,000 | +€6,660 | +79.9% |
| Trade debts | 44 | €112,994 | €65,940 | -€47,054 | -41.6% |
| Suppliers | 440/4 | €112,994 | €65,940 | -€47,054 | -41.6% |
| Taxes, remuneration and social security | 45 | €4,789 | €6,749 | +€1,960 | +40.9% |
| Taxes | 450/3 | €4,789 | €3,111 | -€1,678 | -35.0% |
| Remuneration and social security | 454/9 | €0 | €3,638 | +€3,638 | |
| Other amounts payable | 47/48 | €3,295 | €16,452 | +€13,157 | +399% |
| Remuneration, social security and pensions | 62 | €36,809 | €45,801 | +€8,991 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,014 | €35,175 | +€5,160 | +17.2% |
| Other operating charges | 640/8 | €3,579 | €3,594 | +€16 | +0.4% |
| Non-recurring operating charges | 66A | €6,065 | €0 | -€6,065 | -100% |
| Gross operating margin | 9900 | €118,449 | €148,472 | +€30,023 | +25.3% |
| Operating profit (loss) | 9901 | €41,982 | €63,902 | +€21,920 | +52.2% |
| Financial income | 75/76B | €1,005 | €991 | -€14 | -1.4% |
| Recurring financial income | 75 | €1,005 | €991 | -€14 | -1.4% |
| Financial charges | 65/66B | €16,713 | €11,832 | -€4,881 | -29.2% |
| Recurring financial charges | 65 | €16,713 | €11,832 | -€4,881 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €26,273 | €53,061 | +€26,787 | +102% |
| Income taxes | 67/77 | €5,158 | €15,277 | +€10,119 | +196% |
| Profit (loss) for the period | 9904 | €21,116 | €37,784 | +€16,668 | +78.9% |
| Transfer from tax-exempt reserves | 789 | €4,000 | €0 | -€4,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €25,116 | €37,784 | +€12,668 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.