KLEIN Samuel: 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.
KLEIN Samuel
Largest movements
- Tangible fixed assets -€70,075
down €70,075 (-11.5%), from €611,501 to €541,427
- Financial fixed assets -€58,634
down €58,634 (-63.2%), from €92,729 to €34,094
- Cash +€52,211
up €52,211 (+335.0%), from €15,587 to €67,798
mainly Depreciation (+€81,261) and Investment in fixed assets (net) (+€47,448)
- Receivables within one year -€33,686
down €33,686 (-23.2%), from €145,291 to €111,606
of which Other amounts receivable: -€22,611
- Debts after one year -€52,401
down €52,401 (-15.1%), from €347,116 to €294,716
- Trade debts -€27,836
down €27,836 (-47.6%), from €58,488 to €30,652
- Short-term financial debts -€9,926
down €9,926 (-100.0%), from €9,926 to €0
- Tax, wage and social debts -€9,381
down €9,381 (-35.1%), from €26,705 to €17,323
of which Taxes: -€9,381
- Gross operating margin +€30,043
up €30,043 (+39.9%), from €75,329 to €105,371
- Taxes +€10,622
up €10,622 (+9041.6%), from €117 to €10,740
- Financial charges +€8,263
up €8,263 (+70.5%), from €11,718 to €19,981
- Other operating charges +€4,657
up €4,657 (+76.0%), from €6,126 to €10,783
- Depreciation +€3,096
up €3,096 (+4.0%), from €78,164 to €81,261
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 | €866,736 | €757,861 | -€108,875 | -12.6% |
| Fixed assets | 21/28 | €704,230 | €575,521 | -€128,709 | -18.3% |
| Tangible fixed assets | 22/27 | €611,501 | €541,427 | -€70,075 | -11.5% |
| Land and buildings | 22 | €317,549 | €295,851 | -€21,698 | -6.8% |
| Plant, machinery and equipment | 23 | €126,126 | €101,466 | -€24,661 | -19.6% |
| Furniture and vehicles | 24 | €72,354 | €69,699 | -€2,655 | -3.7% |
| Leasing and similar rights | 25 | €92,337 | €72,387 | -€19,950 | -21.6% |
| Other tangible fixed assets | 26 | €3,135 | €2,025 | -€1,111 | -35.4% |
| Financial fixed assets | 28 | €92,729 | €34,094 | -€58,634 | -63.2% |
| Current assets | 29/58 | €162,506 | €182,340 | +€19,834 | +12.2% |
| Amounts receivable within one year | 40/41 | €145,291 | €111,606 | -€33,686 | -23.2% |
| Trade receivables | 40 | €41,465 | €30,391 | -€11,074 | -26.7% |
| Other amounts receivable | 41 | €103,826 | €81,215 | -€22,611 | -21.8% |
| Cash at bank and in hand | 54/58 | €15,587 | €67,798 | +€52,211 | +335.0% |
| Deferred charges and accrued income | 490/1 | €1,628 | €2,937 | +€1,308 | +80.4% |
| Total equity and liabilities | 10/49 | €866,736 | €757,861 | -€108,875 | -12.6% |
| Equity | 10/15 | €337,258 | €332,577 | -€4,682 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €315,790 | €313,977 | -€1,814 | -0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €108,400 | €87,085 | -€21,315 | -19.7% |
| Distributable reserves | 133 | €207,390 | €226,891 | +€19,501 | +9.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €2,868 | €0 | -€2,868 | -100.0% |
| Provisions and deferred taxes | 16 | €36,134 | €29,029 | -€7,105 | -19.7% |
| Deferred taxes | 168 | €36,134 | €29,029 | -€7,105 | -19.7% |
| Amounts payable | 17/49 | €493,343 | €396,255 | -€97,088 | -19.7% |
| Amounts payable after more than one year | 17 | €347,116 | €294,716 | -€52,401 | -15.1% |
| Financial debts | 170/4 | €347,116 | €294,716 | -€52,401 | -15.1% |
| Amounts payable within one year | 42/48 | €145,185 | €100,500 | -€44,685 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €50,066 | €52,401 | +€2,334 | +4.7% |
| Financial debts | 43 | €9,926 | €0 | -€9,926 | -100.0% |
| Credit institutions | 430/8 | €9,926 | €0 | -€9,926 | -100.0% |
| Trade debts | 44 | €58,488 | €30,652 | -€27,836 | -47.6% |
| Suppliers | 440/4 | €58,488 | €30,652 | -€27,836 | -47.6% |
| Taxes, remuneration and social security | 45 | €26,705 | €17,323 | -€9,381 | -35.1% |
| Taxes | 450/3 | €25,334 | €15,953 | -€9,381 | -37.0% |
| Remuneration and social security | 454/9 | €1,370 | €1,370 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €124 | +€124 | |
| Accrued charges and deferred income | 492/3 | €1,042 | €1,039 | -€3 | -0.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €645 | €0 | -€645 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,164 | €81,261 | +€3,096 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€313 | -€313 | |
| Other operating charges | 640/8 | €6,126 | €10,783 | +€4,657 | +76.0% |
| Gross operating margin | 9900 | €75,329 | €105,371 | +€30,043 | +39.9% |
| Operating profit (loss) | 9901 | -€9,607 | €13,641 | +€23,247 | |
| Financial income | 75/76B | €8,634 | €8,161 | -€472 | -5.5% |
| Recurring financial income | 75 | €8,634 | €8,161 | -€472 | -5.5% |
| Financial charges | 65/66B | €11,718 | €19,981 | +€8,263 | +70.5% |
| Recurring financial charges | 65 | €11,718 | €19,981 | +€8,263 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,691 | €1,821 | +€14,512 | |
| Transfer from deferred taxes | 780 | €3,495 | €7,105 | +€3,610 | +103.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €117 | €10,740 | +€10,622 | +9041.6% |
| Profit (loss) for the period | 9904 | -€9,314 | -€1,814 | +€7,500 | +80.5% |
| Transfer from tax-exempt reserves | 789 | €10,489 | €21,315 | +€10,826 | +103.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,175 | €19,501 | +€18,326 | +1559.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.