KLC: what changed
Two fiscal 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.
KLC
Largest movements
- Cash +€72,329
up €72,329 (+87.0%), from €83,153 to €155,482
mainly Net result for the year (+€51,563) and Receivables after one year (+€41,117)
- Receivables after one year -€41,117
down €41,117 (-68.3%), from €60,158 to €19,042
- Deferred charges and accrued income -€26,958
down €26,958 (-82.1%), from €32,856 to €5,898
- Receivables within one year +€14,704
up €14,704 (+95.7%), from €15,357 to €30,061
of which Trade receivables: +€18,165
- Current investments -€10,000
down €10,000 (-24.4%), from €40,941 to €30,941
- Other debts +€14,479
up €14,479 (+31.8%), from €45,569 to €60,048
- Reserves -€8,485
down €8,485 (-4.5%), from €188,223 to €179,738
- Gross operating margin +€47,712
up €47,712 (+179.6%), from €26,560 to €74,272
- Taxes +€12,856
up €12,856 (+181.2%), from €7,096 to €19,952
- Financial income -€920
down €920 (-20.9%), from €4,395 to €3,475
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.
Cash bridge derived
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 | €242,381 | €250,867 | +€8,486 | +3.5% |
| Fixed assets | 21/28 | €8,119 | €9,444 | +€1,325 | +16.3% |
| Tangible fixed assets | 22/27 | €7,819 | €9,144 | +€1,325 | +16.9% |
| Land and buildings | 22 | €1,114 | €743 | -€371 | -33.3% |
| Plant, machinery and equipment | 23 | €1,900 | €1,380 | -€520 | -27.4% |
| Furniture and vehicles | 24 | €2,040 | €5,398 | +€3,358 | +164.6% |
| Other tangible fixed assets | 26 | €2,765 | €1,623 | -€1,141 | -41.3% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €234,262 | €241,423 | +€7,161 | +3.1% |
| Amounts receivable after more than one year | 29 | €60,158 | €19,042 | -€41,117 | -68.3% |
| Other amounts receivable | 291 | €60,158 | €19,042 | -€41,117 | -68.3% |
| Stocks and contracts in progress | 3 | €1,796 | - | -€1,796 | |
| Stocks | 30/36 | €1,796 | - | -€1,796 | |
| Amounts receivable within one year | 40/41 | €15,357 | €30,061 | +€14,704 | +95.7% |
| Trade receivables | 40 | €11,834 | €29,998 | +€18,165 | +153.5% |
| Other amounts receivable | 41 | €3,524 | €63 | -€3,461 | -98.2% |
| Current investments | 50/53 | €40,941 | €30,941 | -€10,000 | -24.4% |
| Cash at bank and in hand | 54/58 | €83,153 | €155,482 | +€72,329 | +87.0% |
| Deferred charges and accrued income | 490/1 | €32,856 | €5,898 | -€26,958 | -82.1% |
| Total equity and liabilities | 10/49 | €242,381 | €250,867 | +€8,486 | +3.5% |
| Equity | 10/15 | €194,423 | €185,938 | -€8,485 | -4.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,223 | €179,738 | -€8,485 | -4.5% |
| Distributable reserves | 133 | €188,223 | €179,738 | -€8,485 | -4.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €47,958 | €64,929 | +€16,971 | +35.4% |
| Amounts payable within one year | 42/48 | €47,476 | €64,929 | +€17,453 | +36.8% |
| Trade debts | 44 | €1,202 | €2,652 | +€1,450 | +120.7% |
| Suppliers | 440/4 | €1,202 | €2,652 | +€1,450 | +120.7% |
| Taxes, remuneration and social security | 45 | €706 | €2,230 | +€1,524 | +215.8% |
| Taxes | 450/3 | €706 | €2,230 | +€1,524 | +215.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €45,569 | €60,048 | +€14,479 | +31.8% |
| Accrued charges and deferred income | 492/3 | €482 | - | -€482 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,976 | €3,540 | +€564 | +19.0% |
| Other operating charges | 640/8 | €910 | €935 | +€25 | +2.8% |
| Non-recurring operating charges | 66A | €41 | - | -€41 | |
| Gross operating margin | 9900 | €26,560 | €74,272 | +€47,712 | +179.6% |
| Operating profit (loss) | 9901 | €22,632 | €69,797 | +€47,164 | +208.4% |
| Financial income | 75/76B | €4,395 | €3,475 | -€920 | -20.9% |
| Recurring financial income | 75 | €4,395 | €3,475 | -€920 | -20.9% |
| Financial charges | 65/66B | €2,394 | €1,756 | -€637 | -26.6% |
| Recurring financial charges | 65 | €2,394 | €1,756 | -€637 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €24,634 | €71,515 | +€46,881 | +190.3% |
| Income taxes | 67/77 | €7,096 | €19,952 | +€12,856 | +181.2% |
| Profit (loss) for the period | 9904 | €17,538 | €51,563 | +€34,025 | +194.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,538 | €51,563 | +€34,025 | +194.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.