KLAVIER: 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.
KLAVIER
Largest movements
- Tangible fixed assets -€95,839
down €95,839 (-4.0%), from €2.4m to €2.3m
of which Land and buildings: -€93,839
- Debts after one year -€105,389
down €105,389 (-5.5%), from €1.9m to €1.8m
- Gross operating margin +€22,234
up €22,234 (+17.9%), from €124,306 to €146,540
- Financial charges -€6,022
down €6,022 (-15.0%), from €40,037 to €34,016
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 | €2,375,594 | €2,277,082 | -€98,513 | -4.1% |
| Fixed assets | 21/28 | €2,369,931 | €2,274,092 | -€95,839 | -4.0% |
| Tangible fixed assets | 22/27 | €2,369,931 | €2,274,092 | -€95,839 | -4.0% |
| Land and buildings | 22 | €2,357,095 | €2,263,257 | -€93,839 | -4.0% |
| Plant, machinery and equipment | 23 | €12,835 | €10,835 | -€2,000 | -15.6% |
| Current assets | 29/58 | €5,664 | €2,990 | -€2,674 | -47.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €30 | €24 | -€6 | -19.2% |
| Cash at bank and in hand | 54/58 | €5,634 | €2,965 | -€2,668 | -47.4% |
| Total equity and liabilities | 10/49 | €2,375,594 | €2,277,082 | -€98,513 | -4.1% |
| Equity | 10/15 | €340,943 | €346,512 | +€5,569 | +1.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,057 | -€153,488 | +€5,569 | +3.5% |
| Amounts payable | 17/49 | €2,034,651 | €1,930,570 | -€104,082 | -5.1% |
| Amounts payable after more than one year | 17 | €1,913,934 | €1,808,545 | -€105,389 | -5.5% |
| Financial debts | 170/4 | €1,913,934 | €1,808,545 | -€105,389 | -5.5% |
| Amounts payable within one year | 42/48 | €114,212 | €115,654 | +€1,442 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €111,810 | €113,670 | +€1,860 | +1.7% |
| Trade debts | 44 | €799 | €401 | -€397 | -49.8% |
| Suppliers | 440/4 | €799 | €401 | -€397 | -49.8% |
| Other amounts payable | 47/48 | €1,603 | €1,583 | -€20 | -1.2% |
| Accrued charges and deferred income | 492/3 | €6,505 | €6,371 | -€134 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,838 | €97,211 | +€373 | +0.4% |
| Other operating charges | 640/8 | €9,530 | €9,744 | +€214 | +2.2% |
| Gross operating margin | 9900 | €124,306 | €146,540 | +€22,234 | +17.9% |
| Operating profit (loss) | 9901 | €17,937 | €39,584 | +€21,647 | +121% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €40,037 | €34,016 | -€6,022 | -15.0% |
| Recurring financial charges | 65 | €40,037 | €34,016 | -€6,022 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,100 | €5,569 | +€27,669 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +8.3% |
| Profit (loss) for the period | 9904 | -€22,100 | €5,569 | +€27,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,100 | €5,569 | +€27,669 |
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 18 October 2026 via checked.be.