KLEDING DEMOLUX: what changed
KLEDING DEMOLUX
Largest movements
- Cash +€123,363
up €123,363 (+113%), from €108,937 to €232,299
mainly Net result for the year (+€44,152) and Depreciation (+€36,530)
- Tangible fixed assets -€36,530
down €36,530 (-20.9%), from €175,151 to €138,621
- Receivables within one year -€22,706
down €22,706 (-38.1%), from €59,596 to €36,890
of which Trade receivables: -€12,444
- Reserves +€44,152
up €44,152 (+17.7%), from €249,346 to €293,498
of which Distributable reserves: +€44,152
- Tax, wage and social debts +€22,292
up €22,292 (+97.4%), from €22,893 to €45,184
of which Taxes: +€18,287
- Depreciation +€29,030
up €29,030 (+387%), from €7,500 to €36,530
- Staff costs +€21,626
up €21,626 (+41.8%), from €51,763 to €73,389
- Gross operating margin -€17,502
down €17,502 (-8.5%), from €206,389 to €188,887
- Taxes -€16,490
down €16,490 (-33.8%), from €48,851 to €32,360
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,925 | €412,388 | +€64,463 | +18.5% |
| Fixed assets | 21/28 | €177,151 | €140,621 | -€36,530 | -20.6% |
| Tangible fixed assets | 22/27 | €175,151 | €138,621 | -€36,530 | -20.9% |
| Furniture and vehicles | 24 | €175,151 | €138,621 | -€36,530 | -20.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €170,774 | €271,767 | +€100,993 | +59.1% |
| Amounts receivable within one year | 40/41 | €59,596 | €36,890 | -€22,706 | -38.1% |
| Trade receivables | 40 | €41,852 | €29,408 | -€12,444 | -29.7% |
| Other amounts receivable | 41 | €17,743 | €7,482 | -€10,261 | -57.8% |
| Cash at bank and in hand | 54/58 | €108,937 | €232,299 | +€123,363 | +113% |
| Deferred charges and accrued income | 490/1 | €2,242 | €2,578 | +€336 | +15.0% |
| Total equity and liabilities | 10/49 | €347,925 | €412,388 | +€64,463 | +18.5% |
| Equity | 10/15 | €311,346 | €355,498 | +€44,152 | +14.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €249,346 | €293,498 | +€44,152 | +17.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,812 | €59,812 | = | 0.0% |
| Distributable reserves | 133 | €183,334 | €227,486 | +€44,152 | +24.1% |
| Amounts payable | 17/49 | €36,579 | €56,890 | +€20,311 | +55.5% |
| Amounts payable within one year | 42/48 | €36,453 | €56,890 | +€20,437 | +56.1% |
| Financial debts | 43 | €1,855 | €1,197 | -€658 | -35.5% |
| Credit institutions | 430/8 | €1,855 | €1,197 | -€658 | -35.5% |
| Trade debts | 44 | €11,706 | €10,509 | -€1,197 | -10.2% |
| Suppliers | 440/4 | €11,706 | €10,509 | -€1,197 | -10.2% |
| Taxes, remuneration and social security | 45 | €22,893 | €45,184 | +€22,292 | +97.4% |
| Taxes | 450/3 | €21,747 | €40,034 | +€18,287 | +84.1% |
| Remuneration and social security | 454/9 | €1,145 | €5,150 | +€4,005 | +350% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Non-recurring operating income | 76A | €10,979 | €0 | -€10,979 | -100% |
| Remuneration, social security and pensions | 62 | €51,763 | €73,389 | +€21,626 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €36,530 | +€29,030 | +387% |
| Other operating charges | 640/8 | €1,352 | €2,506 | +€1,155 | +85.4% |
| Gross operating margin | 9900 | €206,389 | €188,887 | -€17,502 | -8.5% |
| Operating profit (loss) | 9901 | €145,774 | €76,462 | -€69,312 | -47.5% |
| Financial income | 75/76B | €301 | €277 | -€24 | -7.9% |
| Recurring financial income | 75 | €301 | €277 | -€24 | -7.9% |
| Financial charges | 65/66B | €186 | €226 | +€40 | +21.6% |
| Recurring financial charges | 65 | €186 | €226 | +€40 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €145,889 | €76,512 | -€69,376 | -47.6% |
| Income taxes | 67/77 | €48,851 | €32,360 | -€16,490 | -33.8% |
| Profit (loss) for the period | 9904 | €97,038 | €44,152 | -€52,886 | -54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,038 | €44,152 | -€52,886 | -54.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.