Kline: 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.
Kline
Largest movements
- Cash +€36,635
up €36,635 (+4475.5%), from €819 to €37,454
mainly Depreciation (+€33,685) and Receivables within one year (+€31,122)
- Receivables within one year -€31,122
down €31,122 (-56.2%), from €55,347 to €24,224
of which Trade receivables: -€33,096
- Tangible fixed assets +€9,708
up €9,708 (+6.1%), from €160,359 to €170,067
of which Other tangible fixed assets: +€9,965
- Profit (loss) carried forward -€39,613
down €39,613 (-55.8%), from -€70,979 to -€110,593
- Tax, wage and social debts +€27,669
up €27,669 (+109.2%), from €25,334 to €53,003
- Current portion of long-term debt +€8,354
up €8,354 (+85.1%), from €9,818 to €18,172
- Trade debts +€8,271
up €8,271 (+9.6%), from €86,201 to €94,472
- Debts after one year +€8,165
up €8,165 (+33.5%), from €24,376 to €32,541
- Staff costs +€36,300
up €36,300 (+11.1%), from €326,505 to €362,804
- Gross operating margin +€17,794
up €17,794 (+5.0%), from €355,640 to €373,434
- Depreciation +€4,633
up €4,633 (+15.9%), from €29,053 to €33,685
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 | €228,361 | €239,454 | +€11,093 | +4.9% |
| Fixed assets | 21/28 | €163,206 | €172,127 | +€8,921 | +5.5% |
| Intangible fixed assets | 21 | €2,497 | €1,710 | -€787 | -31.5% |
| Tangible fixed assets | 22/27 | €160,359 | €170,067 | +€9,708 | +6.1% |
| Plant, machinery and equipment | 23 | €22,334 | €24,317 | +€1,983 | +8.9% |
| Furniture and vehicles | 24 | €23,738 | €21,498 | -€2,240 | -9.4% |
| Other tangible fixed assets | 26 | €114,287 | €124,252 | +€9,965 | +8.7% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €65,155 | €67,327 | +€2,172 | +3.3% |
| Stocks and contracts in progress | 3 | €6,500 | €4,619 | -€1,881 | -28.9% |
| Stocks | 30/36 | €6,500 | €4,619 | -€1,881 | -28.9% |
| Amounts receivable within one year | 40/41 | €55,347 | €24,224 | -€31,122 | -56.2% |
| Trade receivables | 40 | €36,014 | €2,918 | -€33,096 | -91.9% |
| Other amounts receivable | 41 | €19,333 | €21,307 | +€1,974 | +10.2% |
| Cash at bank and in hand | 54/58 | €819 | €37,454 | +€36,635 | +4475.5% |
| Deferred charges and accrued income | 490/1 | €2,490 | €1,030 | -€1,460 | -58.7% |
| Total equity and liabilities | 10/49 | €228,361 | €239,454 | +€11,093 | +4.9% |
| Equity | 10/15 | €79,021 | €39,407 | -€39,613 | -50.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,979 | -€110,593 | -€39,613 | -55.8% |
| Amounts payable | 17/49 | €149,341 | €200,047 | +€50,706 | +34.0% |
| Amounts payable after more than one year | 17 | €24,376 | €32,541 | +€8,165 | +33.5% |
| Financial debts | 170/4 | €24,376 | €32,541 | +€8,165 | +33.5% |
| Amounts payable within one year | 42/48 | €124,965 | €167,506 | +€42,541 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €9,818 | €18,172 | +€8,354 | +85.1% |
| Trade debts | 44 | €86,201 | €94,472 | +€8,271 | +9.6% |
| Suppliers | 440/4 | €86,201 | €94,472 | +€8,271 | +9.6% |
| Taxes, remuneration and social security | 45 | €25,334 | €53,003 | +€27,669 | +109.2% |
| Remuneration and social security | 454/9 | €25,334 | €53,003 | +€27,669 | +109.2% |
| Other amounts payable | 47/48 | €3,611 | €1,859 | -€1,752 | -48.5% |
| Remuneration, social security and pensions | 62 | €326,505 | €362,804 | +€36,300 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,053 | €33,685 | +€4,633 | +15.9% |
| Other operating charges | 640/8 | €396 | €811 | +€415 | +104.8% |
| Non-recurring operating charges | 66A | €2,112 | €322 | -€1,790 | -84.8% |
| Gross operating margin | 9900 | €355,640 | €373,434 | +€17,794 | +5.0% |
| Operating profit (loss) | 9901 | -€2,426 | -€24,189 | -€21,763 | -897.2% |
| Financial income | 75/76B | €642 | €223 | -€419 | -65.3% |
| Recurring financial income | 75 | €642 | €223 | -€419 | -65.3% |
| Financial charges | 65/66B | €18,177 | €15,647 | -€2,530 | -13.9% |
| Recurring financial charges | 65 | €18,177 | €15,647 | -€2,530 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,961 | -€39,613 | -€19,652 | -98.5% |
| Profit (loss) for the period | 9904 | -€19,961 | -€39,613 | -€19,652 | -98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,961 | -€39,613 | -€19,652 | -98.5% |
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.