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
- Cash +€8,870
up €8,870 (+35.0%), from €25,309 to €34,180
mainly Other debts (+€10,176) and Depreciation (+€3,362)
- Receivables within one year +€5,393
up €5,393 (+564%), from €956 to €6,349
of which Trade receivables: +€6,034
- Other debts +€10,176
new in 2025: €10,176
- Trade debts +€1,834
up €1,834 (+59.7%), from €3,075 to €4,909
- Profit (loss) carried forward +€1,437
up €1,437 (+5.5%), from €26,178 to €27,616
- Tax, wage and social debts +€1,317
up €1,317 (+927%), from €142 to €1,459
- Gross operating margin +€28,041
up €28,041, from -€22,602 to €5,439
- Depreciation +€2,178
up €2,178 (+184%), from €1,185 to €3,362
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 | €30,395 | €45,159 | +€14,764 | +48.6% |
| Fixed assets | 21/28 | €4,129 | €4,362 | +€232 | +5.6% |
| Tangible fixed assets | 22/27 | €4,129 | €4,362 | +€232 | +5.6% |
| Plant, machinery and equipment | 23 | €1,227 | €1,081 | -€146 | -11.9% |
| Furniture and vehicles | 24 | €2,102 | €2,481 | +€379 | +18.0% |
| Other tangible fixed assets | 26 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €26,266 | €40,797 | +€14,532 | +55.3% |
| Amounts receivable within one year | 40/41 | €956 | €6,349 | +€5,393 | +564% |
| Trade receivables | 40 | €315 | €6,349 | +€6,034 | +1,919% |
| Other amounts receivable | 41 | €642 | - | -€642 | |
| Cash at bank and in hand | 54/58 | €25,309 | €34,180 | +€8,870 | +35.0% |
| Deferred charges and accrued income | 490/1 | - | €269 | +€269 | |
| Total equity and liabilities | 10/49 | €30,395 | €45,159 | +€14,764 | +48.6% |
| Equity | 10/15 | €27,178 | €28,616 | +€1,437 | +5.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,178 | €27,616 | +€1,437 | +5.5% |
| Amounts payable | 17/49 | €3,217 | €16,544 | +€13,327 | +414% |
| Amounts payable within one year | 42/48 | €3,217 | €16,544 | +€13,327 | +414% |
| Trade debts | 44 | €3,075 | €4,909 | +€1,834 | +59.7% |
| Suppliers | 440/4 | €3,075 | €4,909 | +€1,834 | +59.7% |
| Taxes, remuneration and social security | 45 | €142 | €1,459 | +€1,317 | +927% |
| Taxes | 450/3 | €142 | €1,459 | +€1,317 | +927% |
| Other amounts payable | 47/48 | - | €10,176 | +€10,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,185 | €3,362 | +€2,178 | +184% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €694 | €62 | -€632 | -91.1% |
| Gross operating margin | 9900 | -€22,602 | €5,439 | +€28,041 | |
| Operating profit (loss) | 9901 | -€24,868 | €1,615 | +€26,483 | |
| Financial income | 75/76B | €41 | €1 | -€40 | -97.3% |
| Recurring financial income | 75 | €41 | €1 | -€40 | -97.3% |
| Financial charges | 65/66B | €177 | €179 | +€3 | +1.4% |
| Recurring financial charges | 65 | €177 | €179 | +€3 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,004 | €1,437 | +€26,441 | |
| Profit (loss) for the period | 9904 | -€25,004 | €1,437 | +€26,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,004 | €1,437 | +€26,441 |
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 17 October 2026 via checked.be.