Klimaver: what changed
Two fiscal 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.
Klimaver
Largest movements
- Intangible fixed assets +€129,803
new in 2025: €129,803
- Receivables within one year -€85,953
down €85,953 (-99.3%), from €86,554 to €601
- Stocks and contracts +€9,453
new in 2025: €9,453
- Cash -€5,491
down €5,491 (-13.2%), from €41,555 to €36,064
mainly Investment in fixed assets (net) (-€140,547) and Stocks and contracts (-€9,453)
- Tangible fixed assets +€4,660
new in 2025: €4,660
- Trade debts +€64,833
up €64,833 (+3300.7%), from €1,964 to €66,798
- Reserves -€9,147
down €9,147 (-12.1%), from €75,378 to €66,230
of which Distributable reserves: -€9,147
- Other operating charges -€50,530
down €50,530 (-98.4%), from €51,332 to €802
- Gross operating margin +€7,660
up €7,660 (+77.3%), from -€9,912 to -€2,253
- Depreciation +€6,085
new in 2025: €6,085
- Financial income -€130
down €130 (-80.2%), from €162 to €32
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 | €128,131 | €183,902 | +€55,771 | +43.5% |
| Fixed assets | 21/28 | - | €134,463 | +€134,463 | |
| Intangible fixed assets | 21 | - | €129,803 | +€129,803 | |
| Tangible fixed assets | 22/27 | - | €4,660 | +€4,660 | |
| Plant, machinery and equipment | 23 | - | €4,660 | +€4,660 | |
| Current assets | 29/58 | €128,131 | €49,439 | -€78,691 | -61.4% |
| Stocks and contracts in progress | 3 | - | €9,453 | +€9,453 | |
| Stocks | 30/36 | - | €9,453 | +€9,453 | |
| Amounts receivable within one year | 40/41 | €86,554 | €601 | -€85,953 | -99.3% |
| Other amounts receivable | 41 | €86,554 | €601 | -€85,953 | -99.3% |
| Cash at bank and in hand | 54/58 | €41,555 | €36,064 | -€5,491 | -13.2% |
| Deferred charges and accrued income | 490/1 | €22 | €3,322 | +€3,300 | +15032.3% |
| Total equity and liabilities | 10/49 | €128,131 | €183,902 | +€55,771 | +43.5% |
| Equity | 10/15 | €124,956 | €115,809 | -€9,147 | -7.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Outside capital | 11 | €49,579 | €49,579 | = | 0.0% |
| Other | 1109/19 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €75,378 | €66,230 | -€9,147 | -12.1% |
| Non-distributable reserves | 130/1 | €17,389 | €17,389 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,389 | €17,389 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,293 | €11,293 | = | 0.0% |
| Distributable reserves | 133 | €46,696 | €37,548 | -€9,147 | -19.6% |
| Amounts payable | 17/49 | €3,174 | €68,093 | +€64,918 | +2045.2% |
| Amounts payable within one year | 42/48 | €1,964 | €66,798 | +€64,833 | +3300.7% |
| Trade debts | 44 | €1,964 | €66,798 | +€64,833 | +3300.7% |
| Suppliers | 440/4 | €1,964 | €66,798 | +€64,833 | +3300.7% |
| Accrued charges and deferred income | 492/3 | €1,210 | €1,295 | +€85 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,085 | +€6,085 | |
| Other operating charges | 640/8 | €51,332 | €802 | -€50,530 | -98.4% |
| Gross operating margin | 9900 | -€9,912 | -€2,253 | +€7,660 | +77.3% |
| Operating profit (loss) | 9901 | -€61,244 | -€9,139 | +€52,105 | +85.1% |
| Financial income | 75/76B | €162 | €32 | -€130 | -80.2% |
| Recurring financial income | 75 | €162 | €32 | -€130 | -80.2% |
| Financial charges | 65/66B | €71 | €40 | -€31 | -43.2% |
| Recurring financial charges | 65 | €71 | €40 | -€31 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€61,154 | -€9,147 | +€52,006 | +85.0% |
| Profit (loss) for the period | 9904 | -€61,154 | -€9,147 | +€52,006 | +85.0% |
| Transfer from tax-exempt reserves | 789 | €2,942 | - | -€2,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,212 | -€9,147 | +€49,064 | +84.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.