KLF: 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.
KLF
Largest movements
- Current investments +€91,600
up €91,600 (+15.5%), from €589,878 to €681,478
- Receivables within one year +€53,587
up €53,587 (+38.6%), from €138,980 to €192,566
of which Trade receivables: +€36,300
- Cash -€26,543
down €26,543 (-59.8%), from €44,358 to €17,816
mainly Current investments (-€91,600) and Receivables within one year (-€53,587)
- Tangible fixed assets -€11,904
down €11,904 (-87.8%), from €13,559 to €1,656
of which Leasing and similar rights: -€9,459
- Reserves +€116,153
up €116,153 (+15.8%), from €735,103 to €851,256
- Tax, wage and social debts -€10,391
down €10,391 (-47.9%), from €21,703 to €11,312
of which Remuneration and social security: -€10,778
- Financial income +€40,261
up €40,261 (+527.9%), from €7,626 to €47,887
- Gross operating margin -€5,861
down €5,861 (-5.4%), from €107,996 to €102,135
- Taxes -€1,583
down €1,583 (-7.5%), from €21,200 to €19,617
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 | €787,201 | €893,950 | +€106,749 | +13.6% |
| Fixed assets | 21/28 | €13,559 | €1,656 | -€11,904 | -87.8% |
| Tangible fixed assets | 22/27 | €13,559 | €1,656 | -€11,904 | -87.8% |
| Plant, machinery and equipment | 23 | €1,027 | €449 | -€579 | -56.3% |
| Furniture and vehicles | 24 | €3,073 | €1,207 | -€1,866 | -60.7% |
| Leasing and similar rights | 25 | €9,459 | - | -€9,459 | |
| Current assets | 29/58 | €773,642 | €892,295 | +€118,653 | +15.3% |
| Amounts receivable within one year | 40/41 | €138,980 | €192,566 | +€53,587 | +38.6% |
| Trade receivables | 40 | €130,430 | €166,730 | +€36,300 | +27.8% |
| Other amounts receivable | 41 | €8,550 | €25,836 | +€17,287 | +202.2% |
| Current investments | 50/53 | €589,878 | €681,478 | +€91,600 | +15.5% |
| Cash at bank and in hand | 54/58 | €44,358 | €17,816 | -€26,543 | -59.8% |
| Deferred charges and accrued income | 490/1 | €426 | €434 | +€9 | +2.0% |
| Total equity and liabilities | 10/49 | €787,201 | €893,950 | +€106,749 | +13.6% |
| Equity | 10/15 | €753,703 | €869,856 | +€116,153 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €735,103 | €851,256 | +€116,153 | +15.8% |
| Distributable reserves | 133 | €735,103 | €851,256 | +€116,153 | +15.8% |
| Amounts payable | 17/49 | €33,498 | €24,094 | -€9,403 | -28.1% |
| Amounts payable within one year | 42/48 | €33,102 | €24,094 | -€9,007 | -27.2% |
| Trade debts | 44 | €11,009 | €12,003 | +€994 | +9.0% |
| Suppliers | 440/4 | €11,009 | €12,003 | +€994 | +9.0% |
| Taxes, remuneration and social security | 45 | €21,703 | €11,312 | -€10,391 | -47.9% |
| Taxes | 450/3 | €6,321 | €6,707 | +€386 | +6.1% |
| Remuneration and social security | 454/9 | €15,382 | €4,605 | -€10,778 | -70.1% |
| Other amounts payable | 47/48 | €390 | €780 | +€390 | +100.0% |
| Accrued charges and deferred income | 492/3 | €396 | - | -€396 | |
| Non-recurring operating income | 76A | - | €2,249 | +€2,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,596 | €12,985 | +€389 | +3.1% |
| Other operating charges | 640/8 | €1,484 | €1,178 | -€305 | -20.6% |
| Gross operating margin | 9900 | €107,996 | €102,135 | -€5,861 | -5.4% |
| Operating profit (loss) | 9901 | €93,916 | €87,971 | -€5,945 | -6.3% |
| Financial income | 75/76B | €7,626 | €47,887 | +€40,261 | +527.9% |
| Recurring financial income | 75 | €7,626 | €47,887 | +€40,261 | +527.9% |
| Financial charges | 65/66B | €128 | €88 | -€40 | -31.3% |
| Recurring financial charges | 65 | €128 | €88 | -€40 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €101,414 | €135,770 | +€34,356 | +33.9% |
| Income taxes | 67/77 | €21,200 | €19,617 | -€1,583 | -7.5% |
| Profit (loss) for the period | 9904 | €80,214 | €116,153 | +€35,939 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,214 | €116,153 | +€35,939 | +44.8% |
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.