KLIMAX: what changed
KLIMAX
Largest movements
- Cash +€15,008
up €15,008 (+59.6%), from €25,168 to €40,176
mainly Trade debts (+€34,330) and Net result for the year (+€15,805)
- Tangible fixed assets -€7,498
down €7,498 (-17.6%), from €42,682 to €35,184
of which Land and buildings: -€5,517
- Stocks and contracts +€4,551
up €4,551 (+276%), from €1,649 to €6,200
- Tax, wage and social debts -€35,684
down €35,684 (-80.4%), from €44,397 to €8,713
of which Taxes: -€33,475
- Trade debts +€34,330
up €34,330 (+321%), from €10,689 to €45,019
- Reserves +€16,000
up €16,000 (+7.9%), from €201,872 to €217,872
of which Distributable reserves: +€16,000
- Staff costs +€4,601
up €4,601 (+14.1%), from €32,526 to €37,127
- Gross operating margin -€3,177
down €3,177 (-4.6%), from €68,724 to €65,548
- Taxes -€2,988
down €2,988 (-41.1%), from €7,278 to €4,290
- Other operating charges +€2,427
up €2,427 (+66.3%), from €3,660 to €6,087
- Financial charges -€1,725
down €1,725 (-36.4%), from €4,744 to €3,018
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 | €279,892 | €293,390 | +€13,497 | +4.8% |
| Fixed assets | 21/28 | €43,708 | €36,210 | -€7,498 | -17.2% |
| Tangible fixed assets | 22/27 | €42,682 | €35,184 | -€7,498 | -17.6% |
| Land and buildings | 22 | €36,915 | €31,398 | -€5,517 | -14.9% |
| Plant, machinery and equipment | 23 | €4,796 | €3,217 | -€1,579 | -32.9% |
| Furniture and vehicles | 24 | €971 | €568 | -€403 | -41.5% |
| Financial fixed assets | 28 | €1,026 | €1,026 | = | 0.0% |
| Current assets | 29/58 | €236,184 | €257,180 | +€20,996 | +8.9% |
| Amounts receivable after more than one year | 29 | €188,000 | €188,000 | = | 0.0% |
| Other amounts receivable | 291 | €188,000 | €188,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,649 | €6,200 | +€4,551 | +276% |
| Stocks | 30/36 | €1,649 | €6,200 | +€4,551 | +276% |
| Amounts receivable within one year | 40/41 | €21,368 | €22,513 | +€1,146 | +5.4% |
| Trade receivables | 40 | €1,584 | €403 | -€1,181 | -74.6% |
| Other amounts receivable | 41 | €19,784 | €22,111 | +€2,327 | +11.8% |
| Cash at bank and in hand | 54/58 | €25,168 | €40,176 | +€15,008 | +59.6% |
| Deferred charges and accrued income | 490/1 | - | €291 | +€291 | |
| Total equity and liabilities | 10/49 | €279,892 | €293,390 | +€13,497 | +4.8% |
| Equity | 10/15 | €208,369 | €224,174 | +€15,805 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,872 | €217,872 | +€16,000 | +7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €198,112 | €214,112 | +€16,000 | +8.1% |
| Profit (loss) carried forward | 14 | €297 | €102 | -€195 | -65.7% |
| Amounts payable | 17/49 | €71,523 | €69,216 | -€2,307 | -3.2% |
| Amounts payable within one year | 42/48 | €71,342 | €69,216 | -€2,126 | -3.0% |
| Trade debts | 44 | €10,689 | €45,019 | +€34,330 | +321% |
| Suppliers | 440/4 | €10,689 | €45,019 | +€34,330 | +321% |
| Taxes, remuneration and social security | 45 | €44,397 | €8,713 | -€35,684 | -80.4% |
| Taxes | 450/3 | €37,765 | €4,290 | -€33,475 | -88.6% |
| Remuneration and social security | 454/9 | €6,632 | €4,423 | -€2,209 | -33.3% |
| Other amounts payable | 47/48 | €16,257 | €15,484 | -€773 | -4.8% |
| Accrued charges and deferred income | 492/3 | €181 | - | -€181 | |
| Remuneration, social security and pensions | 62 | €32,526 | €37,127 | +€4,601 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,297 | €7,498 | +€201 | +2.8% |
| Other operating charges | 640/8 | €3,660 | €6,087 | +€2,427 | +66.3% |
| Gross operating margin | 9900 | €68,724 | €65,548 | -€3,177 | -4.6% |
| Operating profit (loss) | 9901 | €25,242 | €14,835 | -€10,407 | -41.2% |
| Financial income | 75/76B | €7,837 | €8,278 | +€441 | +5.6% |
| Recurring financial income | 75 | €7,837 | €7,782 | -€55 | -0.7% |
| Non-recurring financial income | 76B | - | €496 | +€496 | |
| Financial charges | 65/66B | €4,744 | €3,018 | -€1,725 | -36.4% |
| Recurring financial charges | 65 | €4,744 | €3,018 | -€1,725 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €28,335 | €20,095 | -€8,241 | -29.1% |
| Income taxes | 67/77 | €7,278 | €4,290 | -€2,988 | -41.1% |
| Profit (loss) for the period | 9904 | €21,057 | €15,805 | -€5,252 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,057 | €15,805 | -€5,252 | -24.9% |
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 4 November 2026 via checked.be.