Klemens: 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.
Klemens
Largest movements
- Current investments +€406,582
up €406,582 (+32.0%), from €1.3m to €1.7m
- Tangible fixed assets +€380,800
up €380,800 (+914%), from €41,679 to €422,480
of which Land and buildings: +€370,696
- Cash +€84,382
up €84,382 (+102%), from €82,952 to €167,334
mainly Contributions, distributions and other (+€612,700) and Other debts (+€199,936)
- Reserves +€629,489
up €629,489 (+51.8%), from €1.2m to €1.8m
of which Distributable reserves: +€629,489
- Other debts +€199,936
new in 2025: €199,936
- Financial income +€33,345
up €33,345 (+107%), from €31,300 to €64,646
- Depreciation +€8,679
up €8,679 (+2,583%), from €336 to €9,015
- Gross operating margin -€5,009
down €5,009 (-57.7%), from €8,683 to €3,675
- Taxes +€4,389
up €4,389 (+38.1%), from €11,513 to €15,902
- Other operating charges +€2,736
up €2,736 (+128%), from €2,142 to €4,878
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 | €1,401,960 | €2,266,781 | +€864,821 | +61.7% |
| Fixed assets | 21/28 | €41,679 | €422,480 | +€380,800 | +914% |
| Tangible fixed assets | 22/27 | €41,679 | €422,480 | +€380,800 | +914% |
| Land and buildings | 22 | €41,679 | €412,375 | +€370,696 | +889% |
| Furniture and vehicles | 24 | - | €1,726 | +€1,726 | |
| Assets under construction and advance payments | 27 | - | €8,379 | +€8,379 | |
| Current assets | 29/58 | €1,360,281 | €1,844,302 | +€484,021 | +35.6% |
| Current investments | 50/53 | €1,270,386 | €1,676,968 | +€406,582 | +32.0% |
| Cash at bank and in hand | 54/58 | €82,952 | €167,334 | +€84,382 | +102% |
| Deferred charges and accrued income | 490/1 | €6,943 | - | -€6,943 | |
| Total equity and liabilities | 10/49 | €1,401,960 | €2,266,781 | +€864,821 | +61.7% |
| Equity | 10/15 | €1,399,087 | €2,047,175 | +€648,089 | +46.3% |
| Contributions | 10/11 | €183,670 | €202,270 | +€18,600 | +10.1% |
| Reserves | 13 | €1,215,417 | €1,844,906 | +€629,489 | +51.8% |
| Non-distributable reserves | 130/1 | €18,367 | €18,367 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,367 | €18,367 | = | 0.0% |
| Distributable reserves | 133 | €1,197,050 | €1,826,539 | +€629,489 | +52.6% |
| Amounts payable | 17/49 | €2,873 | €219,606 | +€216,733 | +7,543% |
| Amounts payable within one year | 42/48 | €2,873 | €215,008 | +€212,135 | +7,383% |
| Trade debts | 44 | €750 | €608 | -€142 | -19.0% |
| Suppliers | 440/4 | €750 | €608 | -€142 | -19.0% |
| Taxes, remuneration and social security | 45 | €2,123 | €14,465 | +€12,341 | +581% |
| Taxes | 450/3 | €2,123 | €14,465 | +€12,341 | +581% |
| Other amounts payable | 47/48 | - | €199,936 | +€199,936 | |
| Accrued charges and deferred income | 492/3 | - | €4,597 | +€4,597 | |
| Non-recurring operating income | 76A | - | €3,999 | +€3,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €9,015 | +€8,679 | +2,583% |
| Other operating charges | 640/8 | €2,142 | €4,878 | +€2,736 | +128% |
| Gross operating margin | 9900 | €8,683 | €3,675 | -€5,009 | -57.7% |
| Operating profit (loss) | 9901 | €6,205 | -€10,218 | -€16,423 | |
| Financial income | 75/76B | €31,300 | €64,646 | +€33,345 | +107% |
| Recurring financial income | 75 | €31,300 | €64,646 | +€33,345 | +107% |
| Financial charges | 65/66B | €546 | €3,137 | +€2,591 | +475% |
| Recurring financial charges | 65 | €546 | €3,137 | +€2,591 | +475% |
| Profit (loss) for the period before taxes | 9903 | €36,960 | €51,291 | +€14,331 | +38.8% |
| Income taxes | 67/77 | €11,513 | €15,902 | +€4,389 | +38.1% |
| Profit (loss) for the period | 9904 | €25,447 | €35,389 | +€9,942 | +39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,447 | €35,389 | +€9,942 | +39.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.