KLC MANAGEMENT: 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.
What changed
KLC MANAGEMENT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€593,110
2024 · €8.2m-€7.6m
Equity
€12.1m
2024 · €11.7m+€450,253
Cash
€1.2m
2024 · €1.8m-€561,323
Balance sheet total
€18.4m
2024 · €12.1m+€6.4m
Largest movements
Assets
- Tangible fixed assets +€8.4m
up €8.4m (+326.2%), from €2.6m to €10.9m
of which Land and buildings: +€8.3m
- Current investments -€1.5m
down €1.5m (-21.4%), from €7.0m to €5.5m
- Cash -€561,323
down €561,323 (-31.1%), from €1.8m to €1.2m
mainly Investment in fixed assets (net) (-€8.6m) and Contributions, distributions and other (-€142,857)
Equity and liabilities
- Debts after one year +€5.3m
up €5.3m (+7701.8%), from €69,005 to €5.4m
- Current portion of long-term debt +€457,572
up €457,572 (+240.4%), from €190,332 to €647,904
- Profit (loss) carried forward +€450,253
up €450,253 (+4.0%), from €11.3m to €11.7m
Income statement
- Gross operating margin -€7.3m
down €7.3m (-88.9%), from €8.2m to €908,154
- Depreciation +€179,591
up €179,591 (+170.7%), from €105,222 to €284,813
- Taxes +€89,129
up €89,129 (+14438.8%), from €617 to €89,746
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.
Result 2024
€8.2m
Gross operating margin
-€7.3m
Depreciation
-€179,591
Other operating charges
-€1,082
Financial income
-€29,172
Financial charges
-€58,591
Taxes
-€89,129
Result 2025
€593,110
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.
From operations
+€949,359
Investment
-€7.1m
Financing
+€5.6m
Cash 2024
€1.8m
From operations (derived)
+€949,359
Net result for the year
+€593,110
Depreciation
+€284,813
Receivables within one year
-€78,893
Smaller working-capital items
-€38,877
Other debts
+€139,824
Accrued charges and deferred income
+€49,383
Investment (derived)
-€7.1m
Investment in fixed assets (net)
-€8.6m
Current investments
+€1.5m
Financing
+€5.6m
Debts after one year
+€5.3m
Current portion of long-term debt
+€457,572
Short-term financial debts
-€4,269
Contributions, distributions and other
-€142,857
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,050,773 | €18,427,690 | +€6.4m | +52.9% |
| Fixed assets | 21/28 | €2,644,898 | €10,991,993 | +€8.3m | +315.6% |
| Intangible fixed assets | 21 | €53,579 | €44,650 | -€8,930 | -16.7% |
| Tangible fixed assets | 22/27 | €2,561,318 | €10,917,343 | +€8.4m | +326.2% |
| Land and buildings | 22 | €2,539,195 | €10,884,114 | +€8.3m | +328.6% |
| Plant, machinery and equipment | 23 | €13,646 | €11,925 | -€1,721 | -12.6% |
| Furniture and vehicles | 24 | €1,417 | €14,245 | +€12,827 | +904.9% |
| Other tangible fixed assets | 26 | €7,060 | €7,060 | = | 0.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €9,405,875 | €7,435,697 | -€2.0m | -20.9% |
| Stocks and contracts in progress | 3 | €487,261 | €487,261 | = | 0.0% |
| Stocks | 30/36 | €487,261 | €487,261 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €111,765 | €190,658 | +€78,893 | +70.6% |
| Trade receivables | 40 | €59,715 | €102,683 | +€42,968 | +72.0% |
| Other amounts receivable | 41 | €52,050 | €87,975 | +€35,925 | +69.0% |
| Current investments | 50/53 | €7,000,000 | €5,503,848 | -€1.5m | -21.4% |
| Cash at bank and in hand | 54/58 | €1,803,659 | €1,242,336 | -€561,323 | -31.1% |
| Deferred charges and accrued income | 490/1 | €3,191 | €11,594 | +€8,404 | +263.4% |
| Total equity and liabilities | 10/49 | €12,050,773 | €18,427,690 | +€6.4m | +52.9% |
| Equity | 10/15 | €11,684,082 | €12,134,334 | +€450,253 | +3.9% |
| Contributions | 10/11 | €189,828 | €189,828 | = | 0.0% |
| Reserves | 13 | €204,805 | €204,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,331 | €39,331 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,331 | €39,331 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,146 | €4,146 | = | 0.0% |
| Distributable reserves | 133 | €161,328 | €161,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,289,449 | €11,739,701 | +€450,253 | +4.0% |
| Amounts payable | 17/49 | €366,691 | €6,293,356 | +€5.9m | +1616.3% |
| Amounts payable after more than one year | 17 | €69,005 | €5,383,634 | +€5.3m | +7701.8% |
| Financial debts | 170/4 | €69,005 | €5,383,634 | +€5.3m | +7701.8% |
| Amounts payable within one year | 42/48 | €297,686 | €860,339 | +€562,653 | +189.0% |
| Current portion of amounts payable after more than one year | 42 | €190,332 | €647,904 | +€457,572 | +240.4% |
| Financial debts | 43 | €4,269 | - | -€4,269 | |
| Credit institutions | 430/8 | €4,269 | - | -€4,269 | |
| Trade debts | 44 | €54,654 | €39,379 | -€15,275 | -27.9% |
| Suppliers | 440/4 | €54,654 | €39,379 | -€15,275 | -27.9% |
| Taxes, remuneration and social security | 45 | €45,398 | €30,199 | -€15,199 | -33.5% |
| Taxes | 450/3 | €45,398 | €30,199 | -€15,199 | -33.5% |
| Other amounts payable | 47/48 | €3,033 | €142,857 | +€139,824 | +4609.9% |
| Accrued charges and deferred income | 492/3 | - | €49,383 | +€49,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,222 | €284,813 | +€179,591 | +170.7% |
| Other operating charges | 640/8 | €66,587 | €67,669 | +€1,082 | +1.6% |
| Gross operating margin | 9900 | €8,185,673 | €908,154 | -€7.3m | -88.9% |
| Operating profit (loss) | 9901 | €8,013,863 | €555,671 | -€7.5m | -93.1% |
| Financial income | 75/76B | €255,372 | €226,200 | -€29,172 | -11.4% |
| Recurring financial income | 75 | €255,372 | €226,200 | -€29,172 | -11.4% |
| Financial charges | 65/66B | €40,424 | €99,015 | +€58,591 | +144.9% |
| Recurring financial charges | 65 | €40,424 | €99,015 | +€58,591 | +144.9% |
| Profit (loss) for the period before taxes | 9903 | €8,228,811 | €682,856 | -€7.5m | -91.7% |
| Income taxes | 67/77 | €617 | €89,746 | +€89,129 | +14438.8% |
| Profit (loss) for the period | 9904 | €8,228,194 | €593,110 | -€7.6m | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,228,194 | €593,110 | -€7.6m | -92.8% |
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 4 October 2026 via checked.be.