KLH SERVICE: what changed
KLH SERVICE
Largest movements
- Stocks and contracts -€60,858
down €60,858 (-87.1%), from €69,858 to €9,000
of which Contracts in progress: -€69,858
- Receivables within one year +€49,002
up €49,002 (+240%), from €20,440 to €69,442
of which Trade receivables: +€49,968
- Tangible fixed assets +€39,929
up €39,929 (+73.3%), from €54,480 to €94,409
of which Furniture and vehicles: +€50,546
- Cash -€35,044
down €35,044 (-70.9%), from €49,451 to €14,407
mainly Investment in fixed assets (net) (-€65,646) and Receivables within one year (-€49,002)
- Debts after one year +€20,601
up €20,601 (+1,018%), from €2,023 to €22,624
- Current portion of long-term debt -€18,619
down €18,619 (-57.3%), from €32,510 to €13,891
- Accrued charges and deferred income -€12,907
down €12,907 (-100%), from €12,907 to €0
- Short-term financial debts +€4,207
new in 2025: €4,207
- Trade debts -€3,210
down €3,210 (-3.4%), from €95,405 to €92,195
- Gross operating margin -€29,581
down €29,581 (-14.2%), from €207,996 to €178,415
- Staff costs -€15,906
down €15,906 (-10.4%), from €153,370 to €137,465
- Other operating charges +€4,168
up €4,168 (+152%), from €2,734 to €6,902
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,027 | €187,429 | -€7,599 | -3.9% |
| Fixed assets | 21/28 | €55,278 | €94,579 | +€39,301 | +71.1% |
| Intangible fixed assets | 21 | €663 | €0 | -€663 | -100% |
| Tangible fixed assets | 22/27 | €54,480 | €94,409 | +€39,929 | +73.3% |
| Plant, machinery and equipment | 23 | €25,568 | €14,951 | -€10,617 | -41.5% |
| Furniture and vehicles | 24 | €28,912 | €79,458 | +€50,546 | +175% |
| Financial fixed assets | 28 | €135 | €170 | +€35 | +25.9% |
| Current assets | 29/58 | €139,750 | €92,850 | -€46,900 | -33.6% |
| Stocks and contracts in progress | 3 | €69,858 | €9,000 | -€60,858 | -87.1% |
| Stocks | 30/36 | - | €9,000 | +€9,000 | |
| Contracts in progress | 37 | €69,858 | €0 | -€69,858 | -100% |
| Amounts receivable within one year | 40/41 | €20,440 | €69,442 | +€49,002 | +240% |
| Trade receivables | 40 | €16,453 | €66,421 | +€49,968 | +304% |
| Other amounts receivable | 41 | €3,987 | €3,022 | -€965 | -24.2% |
| Cash at bank and in hand | 54/58 | €49,451 | €14,407 | -€35,044 | -70.9% |
| Total equity and liabilities | 10/49 | €195,027 | €187,429 | -€7,599 | -3.9% |
| Equity | 10/15 | €30,123 | €31,554 | +€1,431 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,123 | €21,554 | +€1,431 | +7.1% |
| Distributable reserves | 133 | €20,123 | €21,554 | +€1,431 | +7.1% |
| Amounts payable | 17/49 | €164,904 | €155,875 | -€9,030 | -5.5% |
| Amounts payable after more than one year | 17 | €2,023 | €22,624 | +€20,601 | +1,018% |
| Financial debts | 170/4 | €2,023 | €22,624 | +€20,601 | +1,018% |
| Amounts payable within one year | 42/48 | €149,974 | €133,251 | -€16,723 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €32,510 | €13,891 | -€18,619 | -57.3% |
| Financial debts | 43 | - | €4,207 | +€4,207 | |
| Credit institutions | 430/8 | - | €4,207 | +€4,207 | |
| Trade debts | 44 | €95,405 | €92,195 | -€3,210 | -3.4% |
| Suppliers | 440/4 | €95,405 | €92,195 | -€3,210 | -3.4% |
| Taxes, remuneration and social security | 45 | €21,048 | €22,086 | +€1,039 | +4.9% |
| Taxes | 450/3 | €21,048 | €14,996 | -€6,052 | -28.8% |
| Remuneration and social security | 454/9 | - | €7,090 | +€7,090 | |
| Other amounts payable | 47/48 | €1,012 | €872 | -€141 | -13.9% |
| Accrued charges and deferred income | 492/3 | €12,907 | €0 | -€12,907 | -100% |
| Non-recurring operating income | 76A | €1,974 | €0 | -€1,974 | -100% |
| Remuneration, social security and pensions | 62 | €153,370 | €137,465 | -€15,906 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,851 | €26,345 | +€1,494 | +6.0% |
| Other operating charges | 640/8 | €2,734 | €6,902 | +€4,168 | +152% |
| Non-recurring operating charges | 66A | €20,108 | €0 | -€20,108 | -100% |
| Gross operating margin | 9900 | €207,996 | €178,415 | -€29,581 | -14.2% |
| Operating profit (loss) | 9901 | €6,933 | €7,703 | +€770 | +11.1% |
| Financial income | 75/76B | €1 | €65 | +€64 | +4,727% |
| Recurring financial income | 75 | €1 | €65 | +€64 | +4,727% |
| Financial charges | 65/66B | €6,708 | €4,991 | -€1,717 | -25.6% |
| Recurring financial charges | 65 | €6,708 | €4,991 | -€1,717 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €227 | €2,777 | +€2,551 | +1,126% |
| Income taxes | 67/77 | €958 | €1,346 | +€389 | +40.6% |
| Profit (loss) for the period | 9904 | -€731 | €1,431 | +€2,162 | |
| Profit (loss) for the period to be appropriated | 9905 | -€731 | €1,431 | +€2,162 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.