KLOC: 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.
KLOC
Largest movements
- Tangible fixed assets -€39,172
down €39,172 (-7.1%), from €548,677 to €509,506
- Financial fixed assets +€30,000
new in 2025: €30,000
- Receivables within one year -€15,723
down €15,723 (-69.5%), from €22,628 to €6,904
of which Other amounts receivable: -€15,745
- Cash +€14,415
up €14,415 (+13.9%), from €103,366 to €117,781
mainly Depreciation (+€48,727) and Net result for the year (+€21,679)
- Debts after one year -€30,142
down €30,142 (-12.4%), from €243,642 to €213,500
- Reserves +€23,000
up €23,000 (+8.1%), from €285,043 to €308,043
of which Distributable reserves: +€23,000
- Gross operating margin -€16,621
down €16,621 (-16.8%), from €98,755 to €82,133
- Taxes -€7,878
down €7,878 (-62.1%), from €12,685 to €4,807
- Financial income -€2,895
down €2,895 (-43.0%), from €6,726 to €3,832
- Other operating charges -€1,647
down €1,647 (-32.4%), from €5,076 to €3,429
- Financial charges +€1,617
up €1,617 (+28.3%), from €5,705 to €7,322
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 | €762,761 | €757,297 | -€5,464 | -0.7% |
| Fixed assets | 21/28 | €548,677 | €539,506 | -€9,172 | -1.7% |
| Tangible fixed assets | 22/27 | €548,677 | €509,506 | -€39,172 | -7.1% |
| Land and buildings | 22 | €493,139 | €474,162 | -€18,978 | -3.8% |
| Plant, machinery and equipment | 23 | €9,091 | €7,129 | -€1,962 | -21.6% |
| Furniture and vehicles | 24 | €46,447 | €28,215 | -€18,232 | -39.3% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €214,083 | €217,791 | +€3,708 | +1.7% |
| Amounts receivable within one year | 40/41 | €22,628 | €6,904 | -€15,723 | -69.5% |
| Trade receivables | 40 | - | €22 | +€22 | |
| Other amounts receivable | 41 | €22,628 | €6,882 | -€15,745 | -69.6% |
| Current investments | 50/53 | €86,699 | €91,625 | +€4,926 | +5.7% |
| Cash at bank and in hand | 54/58 | €103,366 | €117,781 | +€14,415 | +13.9% |
| Deferred charges and accrued income | 490/1 | €1,390 | €1,480 | +€90 | +6.5% |
| Total equity and liabilities | 10/49 | €762,761 | €757,297 | -€5,464 | -0.7% |
| Equity | 10/15 | €489,257 | €510,937 | +€21,679 | +4.4% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Revaluation surpluses | 12 | €6,377 | €6,377 | = | 0.0% |
| Reserves | 13 | €285,043 | €308,043 | +€23,000 | +8.1% |
| Non-distributable reserves | 130/1 | €6,543 | €6,543 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,543 | €6,543 | = | 0.0% |
| Distributable reserves | 133 | €278,500 | €301,500 | +€23,000 | +8.3% |
| Profit (loss) carried forward | 14 | €2,837 | €1,516 | -€1,321 | -46.6% |
| Amounts payable | 17/49 | €273,503 | €246,360 | -€27,143 | -9.9% |
| Amounts payable after more than one year | 17 | €243,642 | €213,500 | -€30,142 | -12.4% |
| Financial debts | 170/4 | €243,642 | €213,500 | -€30,142 | -12.4% |
| Amounts payable within one year | 42/48 | €29,861 | €32,860 | +€2,999 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €29,570 | €30,142 | +€572 | +1.9% |
| Trade debts | 44 | €177 | €816 | +€639 | +361.1% |
| Suppliers | 440/4 | €177 | €816 | +€639 | +361.1% |
| Taxes, remuneration and social security | 45 | €114 | €515 | +€400 | +350.4% |
| Taxes | 450/3 | €114 | €515 | +€400 | +350.4% |
| Other amounts payable | 47/48 | - | €1,388 | +€1,388 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,005 | €48,727 | -€277 | -0.6% |
| Other operating charges | 640/8 | €5,076 | €3,429 | -€1,647 | -32.4% |
| Gross operating margin | 9900 | €98,755 | €82,133 | -€16,621 | -16.8% |
| Operating profit (loss) | 9901 | €44,674 | €29,976 | -€14,698 | -32.9% |
| Financial income | 75/76B | €6,726 | €3,832 | -€2,895 | -43.0% |
| Recurring financial income | 75 | €6,726 | €3,832 | -€2,895 | -43.0% |
| Financial charges | 65/66B | €5,705 | €7,322 | +€1,617 | +28.3% |
| Recurring financial charges | 65 | €5,705 | €7,322 | +€1,617 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €45,695 | €26,486 | -€19,209 | -42.0% |
| Income taxes | 67/77 | €12,685 | €4,807 | -€7,878 | -62.1% |
| Profit (loss) for the period | 9904 | €33,010 | €21,679 | -€11,331 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,010 | €21,679 | -€11,331 | -34.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.