KLERKSON: 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.
KLERKSON
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+358%), from €293,866 to €1.3m
of which Land and buildings: +€1.1m
- Cash -€354,259
down €354,259 (-86.4%), from €410,118 to €55,859
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€208,615)
- Receivables within one year +€208,615
up €208,615 (+179%), from €116,483 to €325,098
of which Other amounts receivable: +€141,941
- Debts after one year +€837,619
up €837,619 (+999%), from €83,873 to €921,492
- Trade debts +€137,652
up €137,652 (+4,267%), from €3,226 to €140,877
- Reserves -€126,533
down €126,533 (-18.2%), from €694,866 to €568,333
of which Distributable reserves: -€126,533
- Current portion of long-term debt +€49,181
up €49,181 (+183%), from €26,916 to €76,097
- Gross operating margin -€445,175
down €445,175, from €431,212 to -€13,963
- Taxes -€88,155
down €88,155 (-99.5%), from €88,586 to €431
- Depreciation +€46,237
up €46,237 (+121%), from €38,097 to €84,334
- Staff costs -€15,125
down €15,125 (-99.0%), from €15,272 to €147
- Financial charges +€11,611
up €11,611 (+212%), from €5,464 to €17,075
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 | €835,865 | €1,732,364 | +€896,499 | +107% |
| Fixed assets | 21/28 | €302,051 | €1,346,579 | +€1.0m | +346% |
| Tangible fixed assets | 22/27 | €293,866 | €1,346,394 | +€1.1m | +358% |
| Land and buildings | 22 | €207,412 | €1,262,549 | +€1.1m | +509% |
| Plant, machinery and equipment | 23 | €84,463 | €83,092 | -€1,370 | -1.6% |
| Furniture and vehicles | 24 | €1,991 | €753 | -€1,238 | -62.2% |
| Financial fixed assets | 28 | €8,185 | €185 | -€8,000 | -97.7% |
| Current assets | 29/58 | €533,813 | €385,785 | -€148,029 | -27.7% |
| Amounts receivable within one year | 40/41 | €116,483 | €325,098 | +€208,615 | +179% |
| Trade receivables | 40 | €84,942 | €151,616 | +€66,674 | +78.5% |
| Other amounts receivable | 41 | €31,540 | €173,481 | +€141,941 | +450% |
| Cash at bank and in hand | 54/58 | €410,118 | €55,859 | -€354,259 | -86.4% |
| Deferred charges and accrued income | 490/1 | €7,213 | €4,828 | -€2,385 | -33.1% |
| Total equity and liabilities | 10/49 | €835,865 | €1,732,364 | +€896,499 | +107% |
| Equity | 10/15 | €713,466 | €586,933 | -€126,533 | -17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €694,866 | €568,333 | -€126,533 | -18.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €693,006 | €566,473 | -€126,533 | -18.3% |
| Amounts payable | 17/49 | €122,399 | €1,145,430 | +€1.0m | +836% |
| Amounts payable after more than one year | 17 | €83,873 | €921,492 | +€837,619 | +999% |
| Financial debts | 170/4 | €83,873 | €921,492 | +€837,619 | +999% |
| Amounts payable within one year | 42/48 | €38,526 | €223,939 | +€185,413 | +481% |
| Current portion of amounts payable after more than one year | 42 | €26,916 | €76,097 | +€49,181 | +183% |
| Trade debts | 44 | €3,226 | €140,877 | +€137,652 | +4,267% |
| Suppliers | 440/4 | €3,226 | €140,877 | +€137,652 | +4,267% |
| Taxes, remuneration and social security | 45 | - | €6,098 | +€6,098 | |
| Taxes | 450/3 | - | €6,098 | +€6,098 | |
| Other amounts payable | 47/48 | €8,384 | €867 | -€7,517 | -89.7% |
| Remuneration, social security and pensions | 62 | €15,272 | €147 | -€15,125 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,097 | €84,334 | +€46,237 | +121% |
| Other operating charges | 640/8 | €3,928 | €12,120 | +€8,192 | +209% |
| Gross operating margin | 9900 | €431,212 | -€13,963 | -€445,175 | |
| Operating profit (loss) | 9901 | €373,914 | -€110,564 | -€484,478 | |
| Financial income | 75/76B | €11 | €1,537 | +€1,526 | +13,673% |
| Recurring financial income | 75 | €11 | €1,537 | +€1,526 | +13,673% |
| Financial charges | 65/66B | €5,464 | €17,075 | +€11,611 | +212% |
| Recurring financial charges | 65 | €5,464 | €17,075 | +€11,611 | +212% |
| Profit (loss) for the period before taxes | 9903 | €368,461 | -€126,102 | -€494,563 | |
| Income taxes | 67/77 | €88,586 | €431 | -€88,155 | -99.5% |
| Profit (loss) for the period | 9904 | €279,875 | -€126,533 | -€406,408 | |
| Profit (loss) for the period to be appropriated | 9905 | €279,875 | -€126,533 | -€406,408 |
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 24 October 2026 via checked.be.