Klavo: 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.
Klavo
Largest movements
- Tangible fixed assets -€4,021
down €4,021 (-39.3%), from €10,233 to €6,212
of which Furniture and vehicles: -€3,873
- Receivables within one year -€2,598
down €2,598 (-61.1%), from €4,250 to €1,652
of which Other amounts receivable: -€1,454
- Intangible fixed assets +€2,367
new in 2025: €2,367
- Deferred charges and accrued income +€2,127
up €2,127 (+128%), from €1,659 to €3,786
- Stocks and contracts -€1,699
down €1,699 (-28.0%), from €6,067 to €4,368
- Debts after one year -€13,264
down €13,264 (-37.9%), from €35,000 to €21,736
- Profit (loss) carried forward +€5,701
up €5,701 (+85.5%), from -€6,672 to -€971
- Tax, wage and social debts +€3,278
up €3,278 (+201%), from €1,633 to €4,912
- Trade debts +€2,100
up €2,100 (+298%), from €705 to €2,805
- Gross operating margin +€5,630
up €5,630 (+44.6%), from €12,623 to €18,253
- Taxes +€3,777
up €3,777 (+1,306%), from €289 to €4,066
- Other operating charges -€3,057
down €3,057 (-80.6%), from €3,792 to €734
- Depreciation -€390
down €390 (-6.2%), from €6,310 to €5,920
- Financial charges -€375
down €375 (-68.5%), from €548 to €173
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 | €41,418 | €39,199 | -€2,219 | -5.4% |
| Fixed assets | 21/28 | €10,233 | €8,580 | -€1,654 | -16.2% |
| Intangible fixed assets | 21 | - | €2,367 | +€2,367 | |
| Tangible fixed assets | 22/27 | €10,233 | €6,212 | -€4,021 | -39.3% |
| Land and buildings | 22 | €1,572 | €2,643 | +€1,071 | +68.1% |
| Plant, machinery and equipment | 23 | €2,973 | €1,754 | -€1,219 | -41.0% |
| Furniture and vehicles | 24 | €5,689 | €1,816 | -€3,873 | -68.1% |
| Current assets | 29/58 | €31,184 | €30,619 | -€565 | -1.8% |
| Stocks and contracts in progress | 3 | €6,067 | €4,368 | -€1,699 | -28.0% |
| Stocks | 30/36 | €6,067 | €4,368 | -€1,699 | -28.0% |
| Amounts receivable within one year | 40/41 | €4,250 | €1,652 | -€2,598 | -61.1% |
| Trade receivables | 40 | €2,796 | €1,652 | -€1,143 | -40.9% |
| Other amounts receivable | 41 | €1,454 | €0 | -€1,454 | -100% |
| Cash at bank and in hand | 54/58 | €19,208 | €20,812 | +€1,604 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,659 | €3,786 | +€2,127 | +128% |
| Total equity and liabilities | 10/49 | €41,418 | €39,199 | -€2,219 | -5.4% |
| Equity | 10/15 | €2,378 | €8,079 | +€5,701 | +240% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,800 | €2,800 | = | 0.0% |
| Distributable reserves | 133 | €2,800 | €2,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,672 | -€971 | +€5,701 | +85.5% |
| Amounts payable | 17/49 | €39,040 | €31,119 | -€7,920 | -20.3% |
| Amounts payable after more than one year | 17 | €35,000 | €21,736 | -€13,264 | -37.9% |
| Other amounts payable | 178/9 | €35,000 | €21,736 | -€13,264 | -37.9% |
| Amounts payable within one year | 42/48 | €4,040 | €9,383 | +€5,343 | +132% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €705 | €2,805 | +€2,100 | +298% |
| Suppliers | 440/4 | €705 | €2,805 | +€2,100 | +298% |
| Taxes, remuneration and social security | 45 | €1,633 | €4,912 | +€3,278 | +201% |
| Taxes | 450/3 | €1,633 | €4,912 | +€3,278 | +201% |
| Other amounts payable | 47/48 | €1,701 | €1,666 | -€35 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,310 | €5,920 | -€390 | -6.2% |
| Other operating charges | 640/8 | €3,792 | €734 | -€3,057 | -80.6% |
| Gross operating margin | 9900 | €12,623 | €18,253 | +€5,630 | +44.6% |
| Operating profit (loss) | 9901 | €2,521 | €11,599 | +€9,077 | +360% |
| Financial income | 75/76B | €17 | €7 | -€9 | -56.8% |
| Recurring financial income | 75 | €17 | €7 | -€9 | -56.8% |
| Financial charges | 65/66B | €548 | €173 | -€375 | -68.5% |
| Recurring financial charges | 65 | €548 | €173 | -€375 | -68.5% |
| Profit (loss) for the period before taxes | 9903 | €1,990 | €11,433 | +€9,443 | +475% |
| Income taxes | 67/77 | €289 | €4,066 | +€3,777 | +1,306% |
| Profit (loss) for the period | 9904 | €1,701 | €7,367 | +€5,666 | +333% |
| Profit (loss) for the period to be appropriated | 9905 | €1,701 | €7,367 | +€5,666 | +333% |
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.