Klels ML: 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.
Klels ML
Largest movements
- Tangible fixed assets +€167,432
up €167,432 (+20.6%), from €811,218 to €978,650
of which Land and buildings: +€167,529
- Receivables within one year -€20,315
down €20,315 (-57.6%), from €35,265 to €14,950
of which Trade receivables: -€13,771
- Debts after one year +€151,956
up €151,956 (+27.2%), from €557,867 to €709,823
- Profit (loss) carried forward -€16,127
down €16,127 (-30.2%), from €53,321 to €37,194
- Trade debts +€13,162
up €13,162 (+54.1%), from €24,323 to €37,485
- Other debts -€10,878
down €10,878 (-5.7%), from €189,743 to €178,866
- Gross operating margin -€32,152
down €32,152 (-49.1%), from €65,546 to €33,394
- Depreciation +€3,157
up €3,157 (+14.0%), from €22,534 to €25,691
- Financial charges +€2,270
up €2,270 (+11.8%), from €19,261 to €21,531
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 | €861,896 | €1,002,087 | +€140,192 | +16.3% |
| Fixed assets | 21/28 | €811,218 | €978,650 | +€167,432 | +20.6% |
| Tangible fixed assets | 22/27 | €811,218 | €978,650 | +€167,432 | +20.6% |
| Land and buildings | 22 | €811,076 | €978,605 | +€167,529 | +20.7% |
| Plant, machinery and equipment | 23 | €142 | €44 | -€98 | -68.9% |
| Current assets | 29/58 | €50,678 | €23,438 | -€27,240 | -53.8% |
| Stocks and contracts in progress | 3 | - | €2,141 | +€2,141 | |
| Stocks | 30/36 | - | €2,141 | +€2,141 | |
| Amounts receivable within one year | 40/41 | €35,265 | €14,950 | -€20,315 | -57.6% |
| Trade receivables | 40 | €28,721 | €14,950 | -€13,771 | -47.9% |
| Other amounts receivable | 41 | €6,544 | €0 | -€6,544 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,783 | €85 | -€6,698 | -98.7% |
| Deferred charges and accrued income | 490/1 | €8,630 | €6,262 | -€2,368 | -27.4% |
| Total equity and liabilities | 10/49 | €861,896 | €1,002,087 | +€140,192 | +16.3% |
| Equity | 10/15 | €73,781 | €57,654 | -€16,127 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,321 | €37,194 | -€16,127 | -30.2% |
| Amounts payable | 17/49 | €788,114 | €944,433 | +€156,319 | +19.8% |
| Amounts payable after more than one year | 17 | €557,867 | €709,823 | +€151,956 | +27.2% |
| Financial debts | 170/4 | €557,867 | €709,823 | +€151,956 | +27.2% |
| Amounts payable within one year | 42/48 | €229,716 | €234,018 | +€4,302 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €15,649 | €17,383 | +€1,733 | +11.1% |
| Trade debts | 44 | €24,323 | €37,485 | +€13,162 | +54.1% |
| Suppliers | 440/4 | €24,323 | €37,485 | +€13,162 | +54.1% |
| Taxes, remuneration and social security | 45 | €0 | €285 | +€285 | |
| Taxes | 450/3 | €0 | €285 | +€285 | |
| Other amounts payable | 47/48 | €189,743 | €178,866 | -€10,878 | -5.7% |
| Accrued charges and deferred income | 492/3 | €532 | €592 | +€60 | +11.3% |
| Remuneration, social security and pensions | 62 | €84 | €0 | -€84 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,534 | €25,691 | +€3,157 | +14.0% |
| Other operating charges | 640/8 | €2,111 | €2,379 | +€269 | +12.7% |
| Gross operating margin | 9900 | €65,546 | €33,394 | -€32,152 | -49.1% |
| Operating profit (loss) | 9901 | €40,817 | €5,324 | -€35,494 | -87.0% |
| Financial income | 75/76B | €0 | €80 | +€80 | +100375.0% |
| Recurring financial income | 75 | €0 | €80 | +€80 | +100375.0% |
| Financial charges | 65/66B | €19,261 | €21,531 | +€2,270 | +11.8% |
| Recurring financial charges | 65 | €19,261 | €21,531 | +€2,270 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €21,556 | -€16,127 | -€37,683 | |
| Profit (loss) for the period | 9904 | €21,556 | -€16,127 | -€37,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,556 | -€16,127 | -€37,683 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.