KLAVEX: 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.
KLAVEX
Largest movements
- Current investments +€54,900
up €54,900 (+54,900%), from €100 to €55,000
- Intangible fixed assets -€50,000
down €50,000 (-11.1%), from €449,452 to €399,452
- Receivables within one year -€44,447
down €44,447 (-8.9%), from €498,594 to €454,147
of which Trade receivables: -€45,636
- Stocks and contracts +€36,677
up €36,677 (+9.4%), from €388,412 to €425,089
- Tangible fixed assets -€28,681
down €28,681 (-19.8%), from €144,865 to €116,184
of which Furniture and vehicles: -€19,674
- Other debts +€77,458
up €77,458 (+37.5%), from €206,772 to €284,231
- Profit (loss) carried forward -€54,914
down €54,914 (-5.8%), from €944,642 to €889,728
- Tax, wage and social debts -€44,595
down €44,595 (-67.4%), from €66,198 to €21,602
of which Taxes: -€45,731
- Trade debts -€19,883
down €19,883 (-5.0%), from €395,373 to €375,490
- Gross operating margin -€108,688
down €108,688 (-13.7%), from €795,752 to €687,065
- Taxes -€36,164
down €36,164 (-26.6%), from €136,156 to €99,993
- Staff costs +€24,344
up €24,344 (+15.0%), from €162,520 to €186,864
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 | €1,687,423 | €1,628,158 | -€59,265 | -3.5% |
| Fixed assets | 21/28 | €594,317 | €515,637 | -€78,681 | -13.2% |
| Intangible fixed assets | 21 | €449,452 | €399,452 | -€50,000 | -11.1% |
| Tangible fixed assets | 22/27 | €144,865 | €116,184 | -€28,681 | -19.8% |
| Plant, machinery and equipment | 23 | €41,848 | €38,970 | -€2,878 | -6.9% |
| Furniture and vehicles | 24 | €64,206 | €44,532 | -€19,674 | -30.6% |
| Other tangible fixed assets | 26 | €38,811 | €32,683 | -€6,128 | -15.8% |
| Current assets | 29/58 | €1,093,106 | €1,112,521 | +€19,416 | +1.8% |
| Stocks and contracts in progress | 3 | €388,412 | €425,089 | +€36,677 | +9.4% |
| Stocks | 30/36 | €388,412 | €425,089 | +€36,677 | +9.4% |
| Amounts receivable within one year | 40/41 | €498,594 | €454,147 | -€44,447 | -8.9% |
| Trade receivables | 40 | €487,583 | €441,947 | -€45,636 | -9.4% |
| Other amounts receivable | 41 | €11,011 | €12,200 | +€1,189 | +10.8% |
| Current investments | 50/53 | €100 | €55,000 | +€54,900 | +54,900% |
| Cash at bank and in hand | 54/58 | €192,031 | €166,303 | -€25,728 | -13.4% |
| Deferred charges and accrued income | 490/1 | €13,969 | €11,983 | -€1,986 | -14.2% |
| Total equity and liabilities | 10/49 | €1,687,423 | €1,628,158 | -€59,265 | -3.5% |
| Equity | 10/15 | €963,242 | €908,328 | -€54,914 | -5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €944,642 | €889,728 | -€54,914 | -5.8% |
| Amounts payable | 17/49 | €724,180 | €719,830 | -€4,351 | -0.6% |
| Amounts payable after more than one year | 17 | €38,405 | €21,563 | -€16,842 | -43.9% |
| Financial debts | 170/4 | €38,405 | €21,563 | -€16,842 | -43.9% |
| Amounts payable within one year | 42/48 | €685,775 | €698,266 | +€12,491 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €16,211 | €16,842 | +€630 | +3.9% |
| Financial debts | 43 | €1,220 | €101 | -€1,119 | -91.7% |
| Other loans | 439 | €1,220 | €101 | -€1,119 | -91.7% |
| Trade debts | 44 | €395,373 | €375,490 | -€19,883 | -5.0% |
| Suppliers | 440/4 | €395,373 | €375,490 | -€19,883 | -5.0% |
| Taxes, remuneration and social security | 45 | €66,198 | €21,602 | -€44,595 | -67.4% |
| Taxes | 450/3 | €46,229 | €498 | -€45,731 | -98.9% |
| Remuneration and social security | 454/9 | €19,969 | €21,104 | +€1,135 | +5.7% |
| Other amounts payable | 47/48 | €206,772 | €284,231 | +€77,458 | +37.5% |
| Remuneration, social security and pensions | 62 | €162,520 | €186,864 | +€24,344 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,186 | €89,820 | +€1,634 | +1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,080 | -€1,080 | -€2,160 | |
| Other operating charges | 640/8 | €1,546 | €9,426 | +€7,881 | +510% |
| Gross operating margin | 9900 | €795,752 | €687,065 | -€108,688 | -13.7% |
| Operating profit (loss) | 9901 | €542,421 | €402,034 | -€140,387 | -25.9% |
| Financial income | 75/76B | €8,816 | €8,635 | -€181 | -2.1% |
| Recurring financial income | 75 | €8,816 | €8,635 | -€181 | -2.1% |
| Financial charges | 65/66B | €11,989 | €5,591 | -€6,397 | -53.4% |
| Recurring financial charges | 65 | €11,989 | €5,591 | -€6,397 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €539,248 | €405,078 | -€134,170 | -24.9% |
| Income taxes | 67/77 | €136,156 | €99,993 | -€36,164 | -26.6% |
| Profit (loss) for the period | 9904 | €403,092 | €305,086 | -€98,006 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €403,092 | €305,086 | -€98,006 | -24.3% |
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 21 October 2026 via checked.be.