KLAVERVIER: 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.
KLAVERVIER
Largest movements
- Cash +€35,659
up €35,659 (+316%), from €11,274 to €46,934
mainly Net result for the year (+€38,592) and Accrued charges and deferred income (+€16,903)
- Intangible fixed assets -€5,667
no longer reported in 2025 (was €5,667)
- Receivables within one year -€4,718
down €4,718 (-2.6%), from €184,793 to €180,075
of which Other amounts receivable: -€4,382
- Tangible fixed assets -€4,661
down €4,661 (-38.0%), from €12,277 to €7,616
- Reserves +€38,592
up €38,592 (+47.2%), from €81,754 to €120,345
- Current portion of long-term debt -€18,739
down €18,739 (-56.7%), from €33,038 to €14,299
- Accrued charges and deferred income +€16,903
new in 2025: €16,903
- Trade debts -€13,356
down €13,356 (-33.3%), from €40,117 to €26,761
- Tax, wage and social debts -€8,403
down €8,403 (-20.1%), from €41,723 to €33,320
of which Taxes: -€7,955
- Depreciation -€27,338
down €27,338 (-68.2%), from €40,097 to €12,759
- Staff costs +€11,829
up €11,829 (+13.1%), from €90,486 to €102,315
- Gross operating margin -€11,710
down €11,710 (-6.1%), from €190,550 to €178,839
- Taxes +€8,902
up €8,902 (+72.4%), from €12,293 to €21,195
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 | €226,762 | €250,214 | +€23,452 | +10.3% |
| Fixed assets | 21/28 | €17,944 | €7,616 | -€10,327 | -57.6% |
| Intangible fixed assets | 21 | €5,667 | - | -€5,667 | |
| Tangible fixed assets | 22/27 | €12,277 | €7,616 | -€4,661 | -38.0% |
| Plant, machinery and equipment | 23 | €4,567 | €2,676 | -€1,891 | -41.4% |
| Furniture and vehicles | 24 | €4,589 | €3,491 | -€1,098 | -23.9% |
| Other tangible fixed assets | 26 | €3,121 | €1,449 | -€1,672 | -53.6% |
| Current assets | 29/58 | €208,819 | €242,598 | +€33,779 | +16.2% |
| Stocks and contracts in progress | 3 | €11,168 | €12,768 | +€1,600 | +14.3% |
| Stocks | 30/36 | €11,168 | €12,768 | +€1,600 | +14.3% |
| Amounts receivable within one year | 40/41 | €184,793 | €180,075 | -€4,718 | -2.6% |
| Trade receivables | 40 | €5,246 | €4,910 | -€336 | -6.4% |
| Other amounts receivable | 41 | €179,547 | €175,165 | -€4,382 | -2.4% |
| Cash at bank and in hand | 54/58 | €11,274 | €46,934 | +€35,659 | +316% |
| Deferred charges and accrued income | 490/1 | €1,583 | €2,821 | +€1,238 | +78.2% |
| Total equity and liabilities | 10/49 | €226,762 | €250,214 | +€23,452 | +10.3% |
| Equity | 10/15 | €81,754 | €120,345 | +€38,592 | +47.2% |
| Reserves | 13 | €81,754 | €120,345 | +€38,592 | +47.2% |
| Distributable reserves | 133 | €81,754 | €120,345 | +€38,592 | +47.2% |
| Amounts payable | 17/49 | €145,009 | €129,869 | -€15,140 | -10.4% |
| Amounts payable after more than one year | 17 | €6,182 | - | -€6,182 | |
| Financial debts | 170/4 | €6,182 | - | -€6,182 | |
| Amounts payable within one year | 42/48 | €138,827 | €112,966 | -€25,861 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €33,038 | €14,299 | -€18,739 | -56.7% |
| Financial debts | 43 | €1,775 | €9,099 | +€7,324 | +413% |
| Credit institutions | 430/8 | €1,775 | €9,099 | +€7,324 | +413% |
| Trade debts | 44 | €40,117 | €26,761 | -€13,356 | -33.3% |
| Suppliers | 440/4 | €40,117 | €26,761 | -€13,356 | -33.3% |
| Advances received on contracts in progress | 46 | - | €764 | +€764 | |
| Taxes, remuneration and social security | 45 | €41,723 | €33,320 | -€8,403 | -20.1% |
| Taxes | 450/3 | €28,648 | €20,693 | -€7,955 | -27.8% |
| Remuneration and social security | 454/9 | €13,075 | €12,627 | -€448 | -3.4% |
| Other amounts payable | 47/48 | €22,173 | €28,722 | +€6,550 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €16,903 | +€16,903 | |
| Remuneration, social security and pensions | 62 | €90,486 | €102,315 | +€11,829 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,097 | €12,759 | -€27,338 | -68.2% |
| Other operating charges | 640/8 | €1,140 | €943 | -€197 | -17.3% |
| Gross operating margin | 9900 | €190,550 | €178,839 | -€11,710 | -6.1% |
| Operating profit (loss) | 9901 | €58,826 | €62,822 | +€3,996 | +6.8% |
| Financial income | 75/76B | €1,800 | €2,487 | +€687 | +38.2% |
| Recurring financial income | 75 | €1,800 | €2,487 | +€687 | +38.2% |
| Financial charges | 65/66B | €7,164 | €5,523 | -€1,641 | -22.9% |
| Recurring financial charges | 65 | €7,164 | €5,523 | -€1,641 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €53,462 | €59,787 | +€6,324 | +11.8% |
| Income taxes | 67/77 | €12,293 | €21,195 | +€8,902 | +72.4% |
| Profit (loss) for the period | 9904 | €41,169 | €38,592 | -€2,578 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,169 | €38,592 | -€2,578 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.