KLD: 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.
KLD
Largest movements
- Cash +€301,912
up €301,912 (+191.7%), from €157,472 to €459,383
mainly Net result for the year (+€359,774) and Other debts (+€228,033)
- Intangible fixed assets -€100,000
down €100,000 (-52.2%), from €191,667 to €91,667
- Tangible fixed assets -€64,202
down €64,202 (-33.6%), from €191,270 to €127,067
of which Furniture and vehicles: -€69,376
- Other debts +€228,033
up €228,033 (+93.6%), from €243,503 to €471,537
- Reserves -€99,292
down €99,292 (-7.5%), from €1.3m to €1.2m
- Gross operating margin +€32,130
up €32,130 (+5.2%), from €620,282 to €652,413
- Taxes +€11,325
up €11,325 (+7.4%), from €152,563 to €163,888
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 | €1,654,752 | €1,794,933 | +€140,181 | +8.5% |
| Fixed assets | 21/28 | €382,936 | €218,734 | -€164,202 | -42.9% |
| Intangible fixed assets | 21 | €191,667 | €91,667 | -€100,000 | -52.2% |
| Tangible fixed assets | 22/27 | €191,270 | €127,067 | -€64,202 | -33.6% |
| Land and buildings | 22 | €16,963 | €24,138 | +€7,174 | +42.3% |
| Plant, machinery and equipment | 23 | €14,772 | €12,771 | -€2,001 | -13.5% |
| Furniture and vehicles | 24 | €159,535 | €90,159 | -€69,376 | -43.5% |
| Current assets | 29/58 | €1,271,816 | €1,576,199 | +€304,383 | +23.9% |
| Amounts receivable within one year | 40/41 | €239,206 | €239,879 | +€673 | +0.3% |
| Trade receivables | 40 | €239,206 | €239,879 | +€673 | +0.3% |
| Current investments | 50/53 | €866,775 | €869,396 | +€2,621 | +0.3% |
| Cash at bank and in hand | 54/58 | €157,472 | €459,383 | +€301,912 | +191.7% |
| Deferred charges and accrued income | 490/1 | €8,363 | €7,540 | -€822 | -9.8% |
| Total equity and liabilities | 10/49 | €1,654,752 | €1,794,933 | +€140,181 | +8.5% |
| Equity | 10/15 | €1,337,371 | €1,238,078 | -€99,292 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,318,771 | €1,219,478 | -€99,292 | -7.5% |
| Distributable reserves | 133 | €1,318,771 | €1,219,478 | -€99,292 | -7.5% |
| Amounts payable | 17/49 | €317,381 | €556,854 | +€239,473 | +75.5% |
| Amounts payable within one year | 42/48 | €317,381 | €556,854 | +€239,473 | +75.5% |
| Financial debts | 43 | €13,525 | €13,468 | -€57 | -0.4% |
| Credit institutions | 430/8 | €13,525 | €13,468 | -€57 | -0.4% |
| Trade debts | 44 | €417 | €807 | +€390 | +93.4% |
| Suppliers | 440/4 | €417 | €807 | +€390 | +93.4% |
| Taxes, remuneration and social security | 45 | €59,935 | €71,043 | +€11,107 | +18.5% |
| Taxes | 450/3 | €59,935 | €67,660 | +€7,725 | +12.9% |
| Remuneration and social security | 454/9 | - | €3,383 | +€3,383 | |
| Other amounts payable | 47/48 | €243,503 | €471,537 | +€228,033 | +93.6% |
| Non-recurring operating income | 76A | €1,267 | €5,631 | +€4,364 | +344.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,648 | €139,671 | +€1,023 | +0.7% |
| Other operating charges | 640/8 | €10,560 | €6,460 | -€4,100 | -38.8% |
| Gross operating margin | 9900 | €620,282 | €652,413 | +€32,130 | +5.2% |
| Operating profit (loss) | 9901 | €471,074 | €506,282 | +€35,208 | +7.5% |
| Financial income | 75/76B | €18,376 | €20,359 | +€1,983 | +10.8% |
| Recurring financial income | 75 | €18,376 | €20,359 | +€1,983 | +10.8% |
| Financial charges | 65/66B | €2,492 | €2,979 | +€488 | +19.6% |
| Recurring financial charges | 65 | €2,492 | €2,979 | +€488 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €486,959 | €523,662 | +€36,703 | +7.5% |
| Income taxes | 67/77 | €152,563 | €163,888 | +€11,325 | +7.4% |
| Profit (loss) for the period | 9904 | €334,396 | €359,774 | +€25,378 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €334,396 | €359,774 | +€25,378 | +7.6% |
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.