KLINKENBERG: 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.
What changed
KLINKENBERG
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€529,985
2024 · €2.0m-€1.5m
Equity
€7.9m
2024 · €7.3m+€663,301
Cash
€1.8m
2024 · €2.4m-€621,335
Balance sheet total
€13.3m
2024 · €19.0m-€5.7m
Largest movements
Assets
- Current investments -€5.8m
down €5.8m (-85.2%), from €6.8m to €1.0m
- Cash -€621,335
down €621,335 (-25.8%), from €2.4m to €1.8m
mainly Other debts (-€5.9m) and Tax, wage and social debts (-€854,518)
- Receivables within one year +€504,304
up €504,304 (+9.4%), from €5.4m to €5.9m
of which Trade receivables: +€755,596
- Tangible fixed assets +€352,513
up €352,513 (+15.8%), from €2.2m to €2.6m
of which Assets under construction and advance payments: +€235,310
Equity and liabilities
- Other debts -€5.9m
down €5.9m (-95.9%), from €6.1m to €249,784
- Tax, wage and social debts -€854,518
down €854,518 (-39.8%), from €2.1m to €1.3m
of which Taxes: -€961,780
- Profit (loss) carried forward +€529,985
up €529,985 (+9.8%), from €5.4m to €5.9m
- Trade debts +€202,971
up €202,971 (+7.4%), from €2.7m to €2.9m
Income statement
- Goods and materials +€1.1m
up €1.1m (+9.5%), from €11.5m to €12.6m
of which Change in stocks: decrease (increase): +€760,291
- Turnover -€878,764
down €878,764 (-3.1%), from €28.3m to €27.4m
- Taxes -€500,657
down €500,657 (-68.4%), from €732,389 to €231,732
of which Taxes: -€500,712
- Services and other goods +€299,450
up €299,450 (+7.2%), from €4.2m to €4.5m
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.
Result 2024
€2.0m
Turnover
-€878,764
Other operating income
-€181,265
Goods and materials
-€1.1m
Services and other goods
-€299,450
Staff costs
+€208,621
Depreciation
+€26,352
Write-downs
-€63,796
Provisions
-€32,583
Other operating charges
+€10,244
Other operating items
+€348,628
Financial income
-€30,867
Financial charges
-€25,314
Taxes
+€500,657
Result 2025
€529,985
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.
From operations
-€5.9m
Investment
+€5.1m
Financing
+€188,359
Cash 2024
€2.4m
From operations (derived)
-€5.9m
Net result for the year
+€529,985
Depreciation
+€301,452
Stocks and contracts
+€111,952
Receivables within one year
-€504,304
Deferred charges and accrued income
+€44,413
Smaller working-capital items
-€1,055
Trade debts
+€202,971
Tax, wage and social debts
-€854,518
Advances received
+€91,696
Other debts
-€5.9m
Investment (derived)
+€5.1m
Investment in fixed assets (net)
-€631,953
Current investments
+€5.8m
Financing
+€188,359
Debts after one year
-€37,310
Current portion of long-term debt
+€419
Short-term financial debts
+€91,934
Contributions, distributions and other
+€133,316
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,952,789 | €13,259,894 | -€5.7m | -30.0% |
| Fixed assets | 21/28 | €2,665,240 | €2,995,741 | +€330,501 | +12.4% |
| Intangible fixed assets | 21 | €92,192 | €70,149 | -€22,044 | -23.9% |
| Tangible fixed assets | 22/27 | €2,228,237 | €2,580,750 | +€352,513 | +15.8% |
| Plant, machinery and equipment | 23 | €71,527 | €49,011 | -€22,516 | -31.5% |
| Furniture and vehicles | 24 | €186,199 | €161,489 | -€24,710 | -13.3% |
| Other tangible fixed assets | 26 | €564,667 | €729,096 | +€164,429 | +29.1% |
| Assets under construction and advance payments | 27 | €1,405,844 | €1,641,153 | +€235,310 | +16.7% |
| Financial fixed assets | 28 | €344,810 | €344,842 | +€32 | 0.0% |
| Other financial fixed assets | 284/8 | €344,810 | €344,842 | +€32 | 0.0% |
| Shares | 284 | €21,299 | €20,299 | -€1,000 | -4.7% |
| Amounts receivable and cash guarantees | 285/8 | €323,511 | €324,543 | +€1,032 | +0.3% |
| Current assets | 29/58 | €16,287,549 | €10,264,153 | -€6.0m | -37.0% |
| Stocks and contracts in progress | 3 | €1,690,964 | €1,579,012 | -€111,952 | -6.6% |
| Stocks | 30/36 | €1,514,240 | €1,169,169 | -€345,071 | -22.8% |
| Goods purchased for resale | 34 | €1,514,240 | €1,169,169 | -€345,071 | -22.8% |
| Contracts in progress | 37 | €176,724 | €409,843 | +€233,119 | +131.9% |
| Amounts receivable within one year | 40/41 | €5,357,877 | €5,862,181 | +€504,304 | +9.4% |
| Trade receivables | 40 | €4,779,619 | €5,535,215 | +€755,596 | +15.8% |
| Other amounts receivable | 41 | €578,258 | €326,966 | -€251,292 | -43.5% |
| Current investments | 50/53 | €6,750,000 | €1,000,000 | -€5.8m | -85.2% |
| Other investments | 51/53 | €6,750,000 | €1,000,000 | -€5.8m | -85.2% |
| Cash at bank and in hand | 54/58 | €2,408,530 | €1,787,195 | -€621,335 | -25.8% |
| Deferred charges and accrued income | 490/1 | €80,178 | €35,766 | -€44,413 | -55.4% |
| Total equity and liabilities | 10/49 | €18,952,789 | €13,259,894 | -€5.7m | -30.0% |
| Equity | 10/15 | €7,259,711 | €7,923,012 | +€663,301 | +9.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €211,509 | €211,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,582 | €45,582 | = | 0.0% |
| Distributable reserves | 133 | €65,927 | €65,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,385,186 | €5,915,171 | +€529,985 | +9.8% |
| Investment grants | 15 | €663,015 | €796,331 | +€133,316 | +20.1% |
| Provisions and deferred taxes | 16 | €143,166 | €142,861 | -€305 | -0.2% |
| Provisions for liabilities and charges | 160/5 | €143,166 | €142,861 | -€305 | -0.2% |
| Other liabilities and charges | 164/5 | €143,166 | €142,861 | -€305 | -0.2% |
| Amounts payable | 17/49 | €11,549,912 | €5,194,022 | -€6.4m | -55.0% |
| Amounts payable after more than one year | 17 | €62,402 | €25,092 | -€37,310 | -59.8% |
| Financial debts | 170/4 | €62,402 | €25,092 | -€37,310 | -59.8% |
| Credit institutions | 173 | €62,402 | €25,092 | -€37,310 | -59.8% |
| Amounts payable within one year | 42/48 | €11,486,760 | €5,168,930 | -€6.3m | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €39,922 | €40,341 | +€419 | +1.0% |
| Financial debts | 43 | - | €91,934 | +€91,934 | |
| Credit institutions | 430/8 | - | €91,934 | +€91,934 | |
| Trade debts | 44 | €2,728,127 | €2,931,099 | +€202,971 | +7.4% |
| Suppliers | 440/4 | €2,728,127 | €2,931,099 | +€202,971 | +7.4% |
| Advances received on contracts in progress | 46 | €470,049 | €561,745 | +€91,696 | +19.5% |
| Taxes, remuneration and social security | 45 | €2,148,544 | €1,294,027 | -€854,518 | -39.8% |
| Taxes | 450/3 | €1,162,871 | €201,091 | -€961,780 | -82.7% |
| Remuneration and social security | 454/9 | €985,674 | €1,092,936 | +€107,262 | +10.9% |
| Other amounts payable | 47/48 | €6,100,118 | €249,784 | -€5.9m | -95.9% |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Operating income | 70/76A | €29,354,208 | €28,650,472 | -€703,737 | -2.4% |
| Turnover | 70 | €28,315,836 | €27,437,072 | -€878,764 | -3.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €31,507 | €233,119 | +€201,612 | +639.9% |
| Own construction capitalised | 72 | €85,266 | €239,946 | +€154,680 | +181.4% |
| Other operating income | 74 | €921,599 | €740,334 | -€181,265 | -19.7% |
| Operating charges | 60/66A | €26,845,678 | €28,104,083 | +€1.3m | +4.7% |
| Goods for resale, raw materials and consumables | 60 | €11,528,586 | €12,628,715 | +€1.1m | +9.5% |
| Purchases | 600/8 | €11,943,806 | €12,283,644 | +€339,838 | +2.8% |
| Change in stocks: decrease (increase) | 609 | -€415,220 | €345,071 | +€760,291 | |
| Services and other goods | 61 | €4,150,649 | €4,450,099 | +€299,450 | +7.2% |
| Remuneration, social security and pensions | 62 | €10,769,521 | €10,560,899 | -€208,621 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €327,804 | €301,452 | -€26,352 | -8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,251 | €77,047 | +€63,796 | +481.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€32,888 | -€305 | +€32,583 | +99.1% |
| Other operating charges | 640/8 | €83,050 | €72,806 | -€10,244 | -12.3% |
| Non-recurring operating charges | 66A | €5,705 | €13,370 | +€7,665 | +134.4% |
| Operating profit (loss) | 9901 | €2,508,531 | €546,389 | -€2.0m | -78.2% |
| Financial income | 75/76B | €331,371 | €300,504 | -€30,867 | -9.3% |
| Recurring financial income | 75 | €331,371 | €300,504 | -€30,867 | -9.3% |
| Income from current assets | 751 | €3,966 | €14,060 | +€10,093 | +254.5% |
| Other financial income | 752/9 | €327,405 | €286,444 | -€40,960 | -12.5% |
| Financial charges | 65/66B | €59,862 | €85,176 | +€25,314 | +42.3% |
| Recurring financial charges | 65 | €59,862 | €84,176 | +€24,314 | +40.6% |
| Debt charges | 650 | €40,745 | €50,685 | +€9,940 | +24.4% |
| Other financial charges | 652/9 | €19,116 | €33,490 | +€14,374 | +75.2% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €2,780,040 | €761,717 | -€2.0m | -72.6% |
| Income taxes | 67/77 | €732,389 | €231,732 | -€500,657 | -68.4% |
| Taxes | 670/3 | €732,478 | €231,766 | -€500,712 | -68.4% |
| Tax adjustments and reversals of tax provisions | 77 | €89 | €34 | -€55 | -61.6% |
| Profit (loss) for the period | 9904 | €2,047,651 | €529,985 | -€1.5m | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,047,651 | €529,985 | -€1.5m | -74.1% |
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 2 October 2026 via checked.be.