KLEDING MANAGEMENT WULLAERT: 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.
KLEDING MANAGEMENT WULLAERT
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Tangible fixed assets -€28,097
down €28,097 (-5.6%), from €501,250 to €473,153
of which Land and buildings: -€26,999
- Receivables within one year +€17,138
up €17,138 (+100%), from €17,068 to €34,206
of which Other amounts receivable: +€9,804
- Cash +€5,821
up €5,821 (+67.9%), from €8,568 to €14,389
mainly Net result for the year (+€71,161) and Depreciation (+€28,097)
- Reserves +€71,161
up €71,161 (+26.8%), from €265,845 to €337,006
of which Distributable reserves: +€71,161
- Debts after one year -€25,641
down €25,641 (-100%), from €25,641 to €0
- Current portion of long-term debt -€12,827
down €12,827 (-30.6%), from €41,855 to €29,028
- Tax, wage and social debts +€9,530
up €9,530 (+65.6%), from €14,537 to €24,067
of which Taxes: +€11,166
- Gross operating margin +€69,632
up €69,632 (+94.1%), from €73,982 to €143,614
- Taxes +€23,446
up €23,446 (+175%), from €13,411 to €36,857
- Financial charges -€1,587
down €1,587 (-28.7%), from €5,537 to €3,950
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 | €528,744 | €563,707 | +€34,963 | +6.6% |
| Fixed assets | 21/28 | €501,251 | €473,153 | -€28,098 | -5.6% |
| Tangible fixed assets | 22/27 | €501,250 | €473,153 | -€28,097 | -5.6% |
| Land and buildings | 22 | €499,023 | €472,024 | -€26,999 | -5.4% |
| Plant, machinery and equipment | 23 | €1,703 | €1,129 | -€574 | -33.7% |
| Furniture and vehicles | 24 | €524 | €0 | -€524 | -100% |
| Financial fixed assets | 28 | €1 | €0 | -€1 | -100% |
| Current assets | 29/58 | €27,494 | €90,554 | +€63,060 | +229% |
| Amounts receivable within one year | 40/41 | €17,068 | €34,206 | +€17,138 | +100% |
| Trade receivables | 40 | €15,551 | €22,885 | +€7,333 | +47.2% |
| Other amounts receivable | 41 | €1,517 | €11,321 | +€9,804 | +646% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €8,568 | €14,389 | +€5,821 | +67.9% |
| Deferred charges and accrued income | 490/1 | €1,857 | €1,959 | +€101 | +5.5% |
| Total equity and liabilities | 10/49 | €528,744 | €563,707 | +€34,963 | +6.6% |
| Equity | 10/15 | €394,724 | €465,885 | +€71,161 | +18.0% |
| 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 | €265,845 | €337,006 | +€71,161 | +26.8% |
| Non-distributable reserves | 130/1 | €6,290 | €6,290 | = | 0.0% |
| Legal reserve | 130 | €6,290 | €6,290 | = | 0.0% |
| Distributable reserves | 133 | €259,555 | €330,715 | +€71,161 | +27.4% |
| Profit (loss) carried forward | 14 | €66,879 | €66,879 | = | 0.0% |
| Amounts payable | 17/49 | €134,020 | €97,822 | -€36,198 | -27.0% |
| Amounts payable after more than one year | 17 | €25,641 | €0 | -€25,641 | -100% |
| Financial debts | 170/4 | €25,641 | €0 | -€25,641 | -100% |
| Amounts payable within one year | 42/48 | €106,335 | €95,741 | -€10,594 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €41,855 | €29,028 | -€12,827 | -30.6% |
| Trade debts | 44 | €5,944 | €3,681 | -€2,263 | -38.1% |
| Suppliers | 440/4 | €5,944 | €3,681 | -€2,263 | -38.1% |
| Taxes, remuneration and social security | 45 | €14,537 | €24,067 | +€9,530 | +65.6% |
| Taxes | 450/3 | €10,995 | €22,160 | +€11,166 | +102% |
| Remuneration and social security | 454/9 | €3,543 | €1,907 | -€1,636 | -46.2% |
| Other amounts payable | 47/48 | €43,998 | €38,965 | -€5,034 | -11.4% |
| Accrued charges and deferred income | 492/3 | €2,044 | €2,081 | +€37 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,541 | €28,097 | -€444 | -1.6% |
| Other operating charges | 640/8 | €3,840 | €3,561 | -€279 | -7.3% |
| Gross operating margin | 9900 | €73,982 | €143,614 | +€69,632 | +94.1% |
| Operating profit (loss) | 9901 | €41,601 | €111,956 | +€70,355 | +169% |
| Financial income | 75/76B | €22 | €11 | -€11 | -49.3% |
| Recurring financial income | 75 | €22 | €11 | -€11 | -49.3% |
| Financial charges | 65/66B | €5,537 | €3,950 | -€1,587 | -28.7% |
| Recurring financial charges | 65 | €5,537 | €3,950 | -€1,587 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €36,086 | €108,017 | +€71,931 | +199% |
| Income taxes | 67/77 | €13,411 | €36,857 | +€23,446 | +175% |
| Profit (loss) for the period | 9904 | €22,675 | €71,161 | +€48,485 | +214% |
| Profit (loss) for the period to be appropriated | 9905 | €22,675 | €71,161 | +€48,485 | +214% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.