KLOGW: 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.
KLOGW
Largest movements
- Receivables within one year -€47,603
down €47,603 (-57.7%), from €82,457 to €34,854
of which Trade receivables: -€60,077
- Cash +€39,952
up €39,952 (+82.0%), from €48,698 to €88,650
mainly Receivables within one year (+€47,603) and Net result for the year (+€27,072)
- Tangible fixed assets +€22,042
up €22,042 (+4,900%), from €450 to €22,492
of which Furniture and vehicles: +€22,179
- Current investments +€18,500
new in 2025: €18,500
- Financial fixed assets +€1,733
new in 2025: €1,733
- Profit (loss) carried forward +€27,072
up €27,072 (+45.8%), from €59,088 to €86,160
- Trade debts -€14,065
down €14,065 (-38.1%), from €36,918 to €22,853
- Tax, wage and social debts +€8,883
up €8,883 (+45.5%), from €19,537 to €28,420
- Debts after one year +€8,573
new in 2025: €8,573
- Current portion of long-term debt +€5,819
new in 2025: €5,819
- Gross operating margin -€28,306
down €28,306 (-40.6%), from €69,775 to €41,469
- Taxes -€6,654
down €6,654 (-42.8%), from €15,537 to €8,883
- Depreciation +€3,567
up €3,567 (+3,560%), from €100 to €3,667
- Other operating charges +€733
up €733 (+189%), from €387 to €1,120
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.
Derived cash bridge
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 | €132,617 | €166,824 | +€34,207 | +25.8% |
| Fixed assets | 21/28 | €450 | €24,224 | +€23,775 | +5,286% |
| Tangible fixed assets | 22/27 | €450 | €22,492 | +€22,042 | +4,900% |
| Plant, machinery and equipment | 23 | €450 | €312 | -€138 | -30.6% |
| Furniture and vehicles | 24 | - | €22,179 | +€22,179 | |
| Financial fixed assets | 28 | - | €1,733 | +€1,733 | |
| Current assets | 29/58 | €132,167 | €142,600 | +€10,433 | +7.9% |
| Amounts receivable within one year | 40/41 | €82,457 | €34,854 | -€47,603 | -57.7% |
| Trade receivables | 40 | €81,287 | €21,210 | -€60,077 | -73.9% |
| Other amounts receivable | 41 | €1,170 | €13,644 | +€12,474 | +1,066% |
| Current investments | 50/53 | - | €18,500 | +€18,500 | |
| Cash at bank and in hand | 54/58 | €48,698 | €88,650 | +€39,952 | +82.0% |
| Deferred charges and accrued income | 490/1 | €1,012 | €596 | -€416 | -41.1% |
| Total equity and liabilities | 10/49 | €132,617 | €166,824 | +€34,207 | +25.8% |
| Equity | 10/15 | €74,088 | €101,160 | +€27,072 | +36.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,088 | €86,160 | +€27,072 | +45.8% |
| Amounts payable | 17/49 | €58,529 | €65,664 | +€7,135 | +12.2% |
| Amounts payable after more than one year | 17 | - | €8,573 | +€8,573 | |
| Financial debts | 170/4 | - | €8,573 | +€8,573 | |
| Amounts payable within one year | 42/48 | €58,529 | €57,092 | -€1,438 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | - | €5,819 | +€5,819 | |
| Trade debts | 44 | €36,918 | €22,853 | -€14,065 | -38.1% |
| Suppliers | 440/4 | €36,918 | €22,853 | -€14,065 | -38.1% |
| Taxes, remuneration and social security | 45 | €19,537 | €28,420 | +€8,883 | +45.5% |
| Taxes | 450/3 | €19,537 | €28,420 | +€8,883 | +45.5% |
| Other amounts payable | 47/48 | €2,074 | - | -€2,074 | |
| Non-recurring operating income | 76A | €54 | - | -€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €3,667 | +€3,567 | +3,560% |
| Other operating charges | 640/8 | €387 | €1,120 | +€733 | +189% |
| Gross operating margin | 9900 | €69,775 | €41,469 | -€28,306 | -40.6% |
| Operating profit (loss) | 9901 | €69,287 | €36,681 | -€32,606 | -47.1% |
| Financial income | 75/76B | €3 | €10 | +€7 | +239% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +239% |
| Financial charges | 65/66B | €604 | €736 | +€133 | +21.9% |
| Recurring financial charges | 65 | €604 | €736 | +€133 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €68,686 | €35,955 | -€32,731 | -47.7% |
| Income taxes | 67/77 | €15,537 | €8,883 | -€6,654 | -42.8% |
| Profit (loss) for the period | 9904 | €53,149 | €27,072 | -€26,077 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,149 | €27,072 | -€26,077 | -49.1% |
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 14 October 2026 via checked.be.