KLETSE: 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.
KLETSE
Largest movements
- Receivables after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Cash -€27,372
down €27,372 (-34.5%), from €79,341 to €51,969
mainly Contributions, distributions and other (-€106,688) and Receivables within one year (-€6,581)
- Receivables within one year +€6,581
up €6,581 (+27.4%), from €23,992 to €30,572
of which Trade receivables: +€16,078
- Tangible fixed assets -€2,846
down €2,846 (-23.4%), from €12,176 to €9,330
of which Furniture and vehicles: -€1,539
- Reserves -€80,029
down €80,029 (-59.5%), from €134,438 to €54,409
- Other debts +€13,691
up €13,691 (+106%), from €12,969 to €26,659
- Tax, wage and social debts +€3,382
up €3,382 (+24.4%), from €13,840 to €17,222
of which Taxes: +€5,682
- Gross operating margin -€14,295
down €14,295 (-26.2%), from €54,603 to €40,308
- Taxes -€2,483
down €2,483 (-20.4%), from €12,151 to €9,668
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 | €163,680 | €100,179 | -€63,501 | -38.8% |
| Fixed assets | 21/28 | €12,576 | €9,730 | -€2,846 | -22.6% |
| Tangible fixed assets | 22/27 | €12,176 | €9,330 | -€2,846 | -23.4% |
| Furniture and vehicles | 24 | €4,150 | €2,611 | -€1,539 | -37.1% |
| Other tangible fixed assets | 26 | €8,026 | €6,719 | -€1,307 | -16.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €151,104 | €90,449 | -€60,655 | -40.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €0 | -€40,000 | -100% |
| Other amounts receivable | 291 | €40,000 | €0 | -€40,000 | -100% |
| Amounts receivable within one year | 40/41 | €23,992 | €30,572 | +€6,581 | +27.4% |
| Trade receivables | 40 | €10,680 | €26,758 | +€16,078 | +151% |
| Other amounts receivable | 41 | €13,312 | €3,815 | -€9,497 | -71.3% |
| Cash at bank and in hand | 54/58 | €79,341 | €51,969 | -€27,372 | -34.5% |
| Deferred charges and accrued income | 490/1 | €7,771 | €7,908 | +€137 | +1.8% |
| Total equity and liabilities | 10/49 | €163,680 | €100,179 | -€63,501 | -38.8% |
| Equity | 10/15 | €135,438 | €55,409 | -€80,029 | -59.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €134,438 | €54,409 | -€80,029 | -59.5% |
| Distributable reserves | 133 | €134,438 | €54,409 | -€80,029 | -59.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,241 | €44,770 | +€16,529 | +58.5% |
| Amounts payable within one year | 42/48 | €28,241 | €44,770 | +€16,529 | +58.5% |
| Trade debts | 44 | €1,433 | €889 | -€544 | -37.9% |
| Suppliers | 440/4 | €1,433 | €889 | -€544 | -37.9% |
| Taxes, remuneration and social security | 45 | €13,840 | €17,222 | +€3,382 | +24.4% |
| Taxes | 450/3 | €11,540 | €17,222 | +€5,682 | +49.2% |
| Remuneration and social security | 454/9 | €2,300 | €0 | -€2,300 | -100% |
| Other amounts payable | 47/48 | €12,969 | €26,659 | +€13,691 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,537 | €2,846 | +€309 | +12.2% |
| Other operating charges | 640/8 | €1,263 | €1,192 | -€71 | -5.6% |
| Gross operating margin | 9900 | €54,603 | €40,308 | -€14,295 | -26.2% |
| Operating profit (loss) | 9901 | €50,803 | €36,270 | -€14,533 | -28.6% |
| Financial income | 75/76B | €1,204 | €1,074 | -€130 | -10.8% |
| Recurring financial income | 75 | €1,204 | €1,074 | -€130 | -10.8% |
| Financial charges | 65/66B | €1,133 | €1,017 | -€116 | -10.2% |
| Recurring financial charges | 65 | €1,133 | €1,017 | -€116 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €50,875 | €36,327 | -€14,547 | -28.6% |
| Income taxes | 67/77 | €12,151 | €9,668 | -€2,483 | -20.4% |
| Profit (loss) for the period | 9904 | €38,723 | €26,659 | -€12,064 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,723 | €26,659 | -€12,064 | -31.2% |
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 14 October 2026 via checked.be.