Klimaan: 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.
Klimaan
Largest movements
- Receivables within one year +€162,856
up €162,856 (+27.3%), from €596,390 to €759,246
of which Other amounts receivable: +€89,134
- Cash +€162,643
up €162,643 (+265%), from €61,360 to €224,002
mainly Contributions, distributions and other (+€509,618) and Depreciation (+€168,843)
- Financial fixed assets +€150,000
up €150,000 (+74.1%), from €202,450 to €352,450
- Tangible fixed assets +€148,996
up €148,996 (+5.4%), from €2.8m to €2.9m
of which Plant, machinery and equipment: +€571,831
- Contributions +€521,800
up €521,800 (+29.5%), from €1.8m to €2.3m
- Other debts +€52,467
up €52,467 (+8,277%), from €634 to €53,101
- Tax, wage and social debts +€46,890
up €46,890 (+101%), from €46,538 to €93,429
of which Taxes: +€32,598
- Gross operating margin +€120,838
up €120,838 (+31.1%), from €389,158 to €509,996
- Staff costs +€62,330
up €62,330 (+28.2%), from €220,994 to €283,323
- Depreciation +€46,985
up €46,985 (+38.6%), from €121,858 to €168,843
- Financial income +€7,300
up €7,300 (+172%), from €4,250 to €11,550
- Financial charges +€6,141
up €6,141 (+29.1%), from €21,129 to €27,270
of which Financial charges: +€6,641
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 | €3,672,250 | €4,322,880 | +€650,630 | +17.7% |
| Fixed assets | 21/28 | €2,960,263 | €3,256,112 | +€295,849 | +10.0% |
| Intangible fixed assets | 21 | €7,087 | €3,940 | -€3,147 | -44.4% |
| Tangible fixed assets | 22/27 | €2,750,726 | €2,899,722 | +€148,996 | +5.4% |
| Plant, machinery and equipment | 23 | €1,255,769 | €1,827,600 | +€571,831 | +45.5% |
| Furniture and vehicles | 24 | €642,276 | €723,593 | +€81,317 | +12.7% |
| Assets under construction and advance payments | 27 | €852,681 | €348,529 | -€504,152 | -59.1% |
| Financial fixed assets | 28 | €202,450 | €352,450 | +€150,000 | +74.1% |
| Current assets | 29/58 | €711,987 | €1,066,768 | +€354,781 | +49.8% |
| Amounts receivable after more than one year | 29 | €24,000 | €30,000 | +€6,000 | +25.0% |
| Other amounts receivable | 291 | €24,000 | €30,000 | +€6,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €596,390 | €759,246 | +€162,856 | +27.3% |
| Trade receivables | 40 | €150,969 | €224,691 | +€73,722 | +48.8% |
| Other amounts receivable | 41 | €445,422 | €534,556 | +€89,134 | +20.0% |
| Cash at bank and in hand | 54/58 | €61,360 | €224,002 | +€162,643 | +265% |
| Deferred charges and accrued income | 490/1 | €30,237 | €53,519 | +€23,282 | +77.0% |
| Total equity and liabilities | 10/49 | €3,672,250 | €4,322,880 | +€650,630 | +17.7% |
| Equity | 10/15 | €1,936,697 | €2,486,562 | +€549,865 | +28.4% |
| Contributions | 10/11 | €1,767,500 | €2,289,300 | +€521,800 | +29.5% |
| Reserves | 13 | €64,022 | €53,079 | -€10,943 | -17.1% |
| Distributable reserves | 133 | €64,022 | €53,079 | -€10,943 | -17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €105,176 | €144,183 | +€39,008 | +37.1% |
| Provisions and deferred taxes | 16 | €765 | €657 | -€108 | -14.1% |
| Deferred taxes | 168 | €765 | €657 | -€108 | -14.1% |
| Amounts payable | 17/49 | €1,734,787 | €1,835,660 | +€100,873 | +5.8% |
| Amounts payable after more than one year | 17 | €897,957 | €872,060 | -€25,897 | -2.9% |
| Financial debts | 170/4 | €736,651 | €710,753 | -€25,897 | -3.5% |
| Advances received on contracts in progress | 176 | €161,306 | €161,306 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,824 | €310,205 | +€89,381 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €85,727 | €89,035 | +€3,308 | +3.9% |
| Trade debts | 44 | €87,925 | €74,641 | -€13,284 | -15.1% |
| Suppliers | 440/4 | €87,925 | €74,641 | -€13,284 | -15.1% |
| Taxes, remuneration and social security | 45 | €46,538 | €93,429 | +€46,890 | +101% |
| Taxes | 450/3 | €15,782 | €48,380 | +€32,598 | +207% |
| Remuneration and social security | 454/9 | €30,757 | €45,049 | +€14,292 | +46.5% |
| Other amounts payable | 47/48 | €634 | €53,101 | +€52,467 | +8,277% |
| Accrued charges and deferred income | 492/3 | €616,006 | €653,395 | +€37,389 | +6.1% |
| Non-recurring operating income | 76A | €8,143 | €0 | -€8,143 | -100% |
| Remuneration, social security and pensions | 62 | €220,994 | €283,323 | +€62,330 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,858 | €168,843 | +€46,985 | +38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €474 | €0 | -€474 | -100% |
| Other operating charges | 640/8 | €1,857 | €1,971 | +€114 | +6.1% |
| Gross operating margin | 9900 | €389,158 | €509,996 | +€120,838 | +31.1% |
| Operating profit (loss) | 9901 | €43,976 | €55,859 | +€11,883 | +27.0% |
| Financial income | 75/76B | €4,250 | €11,550 | +€7,300 | +172% |
| Recurring financial income | 75 | €4,250 | €11,550 | +€7,300 | +172% |
| Financial charges | 65/66B | €21,129 | €27,270 | +€6,141 | +29.1% |
| Recurring financial charges | 65 | €20,629 | €27,270 | +€6,641 | +32.2% |
| Non-recurring financial charges | 66B | €500 | €0 | -€500 | -100% |
| Profit (loss) for the period before taxes | 9903 | €27,098 | €40,139 | +€13,041 | +48.1% |
| Transfer from deferred taxes | 780 | €108 | €108 | = | 0.0% |
| Profit (loss) for the period | 9904 | €27,205 | €40,247 | +€13,041 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,205 | €40,247 | +€13,041 | +47.9% |
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 29 October 2026 via checked.be.