KlinEs: 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.
KlinEs
Largest movements
- Cash -€190,865
down €190,865 (-68.1%), from €280,461 to €89,596
mainly Contributions, distributions and other (-€480,000) and Tax, wage and social debts (-€78,300)
- Deferred charges and accrued income -€65,299
no longer reported in 2025 (was €65,299)
- Current investments -€64,000
down €64,000 (-32.7%), from €195,500 to €131,500
- Receivables within one year +€45,500
new in 2025: €45,500
of which Other amounts receivable: +€30,500
- Reserves -€200,000
down €200,000 (-41.7%), from €480,000 to €280,000
- Tax, wage and social debts -€78,300
down €78,300 (-94.0%), from €83,300 to €5,000
- Financial income +€53,993
up €53,993 (+24657.9%), from €219 to €54,212
- Gross operating margin -€44,489
down €44,489 (-12.9%), from €345,365 to €300,875
- Taxes -€9,719
down €9,719 (-12.1%), from €80,336 to €70,618
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 | €575,141 | €295,413 | -€279,729 | -48.6% |
| Fixed assets | 21/28 | €33,881 | €28,816 | -€5,065 | -14.9% |
| Tangible fixed assets | 22/27 | €33,881 | €28,816 | -€5,065 | -14.9% |
| Furniture and vehicles | 24 | €6,322 | €4,831 | -€1,491 | -23.6% |
| Other tangible fixed assets | 26 | €27,559 | €23,985 | -€3,574 | -13.0% |
| Current assets | 29/58 | €541,260 | €266,596 | -€274,664 | -50.7% |
| Amounts receivable within one year | 40/41 | - | €45,500 | +€45,500 | |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | - | €30,500 | +€30,500 | |
| Current investments | 50/53 | €195,500 | €131,500 | -€64,000 | -32.7% |
| Cash at bank and in hand | 54/58 | €280,461 | €89,596 | -€190,865 | -68.1% |
| Deferred charges and accrued income | 490/1 | €65,299 | - | -€65,299 | |
| Total equity and liabilities | 10/49 | €575,141 | €295,413 | -€279,729 | -48.6% |
| Equity | 10/15 | €488,404 | €287,066 | -€201,338 | -41.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €480,000 | €280,000 | -€200,000 | -41.7% |
| Distributable reserves | 133 | €480,000 | €280,000 | -€200,000 | -41.7% |
| Profit (loss) carried forward | 14 | €3,404 | €2,066 | -€1,338 | -39.3% |
| Amounts payable | 17/49 | €86,738 | €8,347 | -€78,391 | -90.4% |
| Amounts payable within one year | 42/48 | €85,238 | €6,847 | -€78,391 | -92.0% |
| Trade debts | 44 | €158 | €63 | -€95 | -60.3% |
| Suppliers | 440/4 | €158 | €63 | -€95 | -60.3% |
| Taxes, remuneration and social security | 45 | €83,300 | €5,000 | -€78,300 | -94.0% |
| Taxes | 450/3 | €83,300 | €5,000 | -€78,300 | -94.0% |
| Other amounts payable | 47/48 | €1,780 | €1,784 | +€4 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €232 | - | -€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,707 | €5,065 | +€358 | +7.6% |
| Other operating charges | 640/8 | €182 | €607 | +€426 | +234.1% |
| Gross operating margin | 9900 | €345,365 | €300,875 | -€44,489 | -12.9% |
| Operating profit (loss) | 9901 | €340,476 | €295,203 | -€45,273 | -13.3% |
| Financial income | 75/76B | €219 | €54,212 | +€53,993 | +24657.9% |
| Recurring financial income | 75 | €219 | €54,212 | +€53,993 | +24657.9% |
| Financial charges | 65/66B | €15 | €136 | +€120 | +777.0% |
| Recurring financial charges | 65 | €15 | €136 | +€120 | +777.0% |
| Profit (loss) for the period before taxes | 9903 | €340,680 | €349,280 | +€8,600 | +2.5% |
| Income taxes | 67/77 | €80,336 | €70,618 | -€9,719 | -12.1% |
| Profit (loss) for the period | 9904 | €260,343 | €278,662 | +€18,319 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €260,343 | €278,662 | +€18,319 | +7.0% |
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 6 October 2026 via checked.be.