KLEVERAGE: 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.
KLEVERAGE
Largest movements
- Receivables within one year +€60,011
up €60,011 (+540.4%), from €11,104 to €71,115
of which Other amounts receivable: +€49,193
- Other debts +€95,479
up €95,479 (+88.1%), from €108,321 to €203,800
- Profit (loss) carried forward -€31,988
down €31,988 (-21.6%), from -€147,971 to -€179,959
- Trade debts -€3,088
down €3,088 (-11.2%), from €27,502 to €24,414
- Short-term financial debts -€1,422
down €1,422 (-30.6%), from €4,652 to €3,230
- Tax, wage and social debts +€1,031
new in 2025: €1,031
- Gross operating margin +€16,690
up €16,690 (+35.1%), from -€47,517 to -€30,827
- Other operating charges -€664
down €664 (-82.7%), from €803 to €139
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,104 | €71,115 | +€60,011 | +540.4% |
| Current assets | 29/58 | €11,104 | €71,115 | +€60,011 | +540.4% |
| Amounts receivable within one year | 40/41 | €11,104 | €71,115 | +€60,011 | +540.4% |
| Trade receivables | 40 | €7,936 | €18,754 | +€10,818 | +136.3% |
| Other amounts receivable | 41 | €3,169 | €52,361 | +€49,193 | +1552.5% |
| Total equity and liabilities | 10/49 | €11,104 | €71,115 | +€60,011 | +540.4% |
| Equity | 10/15 | -€129,371 | -€161,359 | -€31,988 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,971 | -€179,959 | -€31,988 | -21.6% |
| Amounts payable | 17/49 | €140,475 | €232,474 | +€91,999 | +65.5% |
| Amounts payable within one year | 42/48 | €140,475 | €232,474 | +€91,999 | +65.5% |
| Financial debts | 43 | €4,652 | €3,230 | -€1,422 | -30.6% |
| Credit institutions | 430/8 | €4,652 | €3,230 | -€1,422 | -30.6% |
| Trade debts | 44 | €27,502 | €24,414 | -€3,088 | -11.2% |
| Suppliers | 440/4 | €27,502 | €24,414 | -€3,088 | -11.2% |
| Taxes, remuneration and social security | 45 | - | €1,031 | +€1,031 | |
| Taxes | 450/3 | - | €1,031 | +€1,031 | |
| Other amounts payable | 47/48 | €108,321 | €203,800 | +€95,479 | +88.1% |
| Other operating charges | 640/8 | €803 | €139 | -€664 | -82.7% |
| Gross operating margin | 9900 | -€47,517 | -€30,827 | +€16,690 | +35.1% |
| Operating profit (loss) | 9901 | -€48,320 | -€30,966 | +€17,354 | +35.9% |
| Financial charges | 65/66B | €1,166 | €1,022 | -€143 | -12.3% |
| Recurring financial charges | 65 | €1,166 | €1,022 | -€143 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,486 | -€31,988 | +€17,497 | +35.4% |
| Profit (loss) for the period | 9904 | -€49,486 | -€31,988 | +€17,497 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,486 | -€31,988 | +€17,497 | +35.4% |
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 11 October 2026 via checked.be.