KLEM MANAGEMENT: 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.
KLEM MANAGEMENT
Largest movements
- Tangible fixed assets -€28,110
down €28,110 (-43.0%), from €65,426 to €37,316
of which Furniture and vehicles: -€27,859
- Debts after one year -€92,022
down €92,022 (-25.6%), from €360,040 to €268,018
- Profit (loss) carried forward +€66,298
up €66,298 (+24.8%), from €267,528 to €333,825
- Trade debts -€28,946
down €28,946 (-78.9%), from €36,673 to €7,727
- Tax, wage and social debts +€17,305
up €17,305 (+63.7%), from €27,183 to €44,488
of which Taxes: +€19,105
- Gross operating margin +€16,694
up €16,694 (+14.2%), from €117,618 to €134,312
- Taxes +€6,922
up €6,922 (+32.1%), from €21,583 to €28,505
- Financial charges -€2,951
down €2,951 (-21.8%), from €13,559 to €10,609
- Depreciation -€1,772
down €1,772 (-5.9%), from €29,882 to €28,110
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 | €812,706 | €777,833 | -€34,872 | -4.3% |
| Fixed assets | 21/28 | €775,426 | €747,316 | -€28,110 | -3.6% |
| Tangible fixed assets | 22/27 | €65,426 | €37,316 | -€28,110 | -43.0% |
| Furniture and vehicles | 24 | €63,684 | €35,824 | -€27,859 | -43.7% |
| Other tangible fixed assets | 26 | €1,742 | €1,491 | -€251 | -14.4% |
| Financial fixed assets | 28 | €710,000 | €710,000 | = | 0.0% |
| Current assets | 29/58 | €37,280 | €30,518 | -€6,762 | -18.1% |
| Amounts receivable after more than one year | 29 | €32,713 | €28,705 | -€4,008 | -12.3% |
| Other amounts receivable | 291 | €32,713 | €28,705 | -€4,008 | -12.3% |
| Amounts receivable within one year | 40/41 | €3,552 | €158 | -€3,394 | -95.6% |
| Other amounts receivable | 41 | €3,552 | €158 | -€3,394 | -95.6% |
| Cash at bank and in hand | 54/58 | €618 | €100 | -€518 | -83.8% |
| Deferred charges and accrued income | 490/1 | €396 | €1,555 | +€1,159 | +292.4% |
| Total equity and liabilities | 10/49 | €812,706 | €777,833 | -€34,872 | -4.3% |
| Equity | 10/15 | €286,128 | €352,425 | +€66,298 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €267,528 | €333,825 | +€66,298 | +24.8% |
| Amounts payable | 17/49 | €526,578 | €425,408 | -€101,170 | -19.2% |
| Amounts payable after more than one year | 17 | €360,040 | €268,018 | -€92,022 | -25.6% |
| Financial debts | 170/4 | €360,040 | €268,018 | -€92,022 | -25.6% |
| Amounts payable within one year | 42/48 | €165,986 | €156,433 | -€9,553 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €93,065 | €92,870 | -€195 | -0.2% |
| Trade debts | 44 | €36,673 | €7,727 | -€28,946 | -78.9% |
| Suppliers | 440/4 | €36,673 | €7,727 | -€28,946 | -78.9% |
| Taxes, remuneration and social security | 45 | €27,183 | €44,488 | +€17,305 | +63.7% |
| Taxes | 450/3 | €23,983 | €43,088 | +€19,105 | +79.7% |
| Remuneration and social security | 454/9 | €3,200 | €1,400 | -€1,800 | -56.3% |
| Other amounts payable | 47/48 | €9,066 | €11,349 | +€2,283 | +25.2% |
| Accrued charges and deferred income | 492/3 | €551 | €957 | +€405 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,882 | €28,110 | -€1,772 | -5.9% |
| Other operating charges | 640/8 | €276 | €791 | +€514 | +186.3% |
| Gross operating margin | 9900 | €117,618 | €134,312 | +€16,694 | +14.2% |
| Operating profit (loss) | 9901 | €87,460 | €105,411 | +€17,952 | +20.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,559 | €10,609 | -€2,951 | -21.8% |
| Recurring financial charges | 65 | €13,559 | €10,609 | -€2,951 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €73,900 | €94,803 | +€20,902 | +28.3% |
| Income taxes | 67/77 | €21,583 | €28,505 | +€6,922 | +32.1% |
| Profit (loss) for the period | 9904 | €52,317 | €66,298 | +€13,980 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,317 | €66,298 | +€13,980 | +26.7% |
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 8 October 2026 via checked.be.