KLS Advisory: 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.
KLS Advisory
Largest movements
- Receivables within one year +€53,938
up €53,938 (+802%), from €6,722 to €60,660
of which Trade receivables: +€53,653
- Receivables after one year +€34,000
up €34,000 (+283%), from €12,000 to €46,000
- Deferred charges and accrued income -€21,993
no longer reported in 2025 (was €21,993)
- Cash +€21,378
up €21,378 (+27.8%), from €76,918 to €98,295
mainly Net result for the year (+€71,055) and Tax, wage and social debts (+€35,240)
- Tangible fixed assets +€2,187
up €2,187 (+63.9%), from €3,422 to €5,609
of which Furniture and vehicles: +€2,632
- Profit (loss) carried forward +€71,055
up €71,055 (+85.8%), from €82,792 to €153,847
- Tax, wage and social debts +€35,240
up €35,240 (+212%), from €16,604 to €51,844
of which Taxes: +€35,207
- Current portion of long-term debt -€16,469
no longer reported in 2025 (was €16,469)
- Gross operating margin -€13,528
down €13,528 (-12.5%), from €107,822 to €94,294
- Taxes -€3,388
down €3,388 (-14.2%), from €23,854 to €20,466
- Depreciation +€1,381
up €1,381 (+305%), from €452 to €1,833
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 | €121,055 | €210,565 | +€89,510 | +73.9% |
| Fixed assets | 21/28 | €3,422 | €5,609 | +€2,187 | +63.9% |
| Tangible fixed assets | 22/27 | €3,422 | €5,609 | +€2,187 | +63.9% |
| Plant, machinery and equipment | 23 | €3,422 | €2,977 | -€445 | -13.0% |
| Furniture and vehicles | 24 | - | €2,632 | +€2,632 | |
| Current assets | 29/58 | €117,633 | €204,956 | +€87,323 | +74.2% |
| Amounts receivable after more than one year | 29 | €12,000 | €46,000 | +€34,000 | +283% |
| Trade receivables | 290 | €12,000 | €46,000 | +€34,000 | +283% |
| Amounts receivable within one year | 40/41 | €6,722 | €60,660 | +€53,938 | +802% |
| Trade receivables | 40 | €2,171 | €55,824 | +€53,653 | +2,471% |
| Other amounts receivable | 41 | €4,551 | €4,837 | +€286 | +6.3% |
| Cash at bank and in hand | 54/58 | €76,918 | €98,295 | +€21,378 | +27.8% |
| Deferred charges and accrued income | 490/1 | €21,993 | - | -€21,993 | |
| Total equity and liabilities | 10/49 | €121,055 | €210,565 | +€89,510 | +73.9% |
| Equity | 10/15 | €85,792 | €156,847 | +€71,055 | +82.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,792 | €153,847 | +€71,055 | +85.8% |
| Amounts payable | 17/49 | €35,263 | €53,718 | +€18,455 | +52.3% |
| Amounts payable within one year | 42/48 | €34,259 | €53,718 | +€19,459 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €16,469 | - | -€16,469 | |
| Trade debts | 44 | €1,186 | €1,874 | +€688 | +58.0% |
| Suppliers | 440/4 | €1,186 | €1,874 | +€688 | +58.0% |
| Taxes, remuneration and social security | 45 | €16,604 | €51,844 | +€35,240 | +212% |
| Taxes | 450/3 | €13,365 | €48,572 | +€35,207 | +263% |
| Remuneration and social security | 454/9 | €3,238 | €3,272 | +€34 | +1.0% |
| Accrued charges and deferred income | 492/3 | €1,004 | - | -€1,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €1,833 | +€1,381 | +305% |
| Other operating charges | 640/8 | - | €161 | +€161 | |
| Gross operating margin | 9900 | €107,822 | €94,294 | -€13,528 | -12.5% |
| Operating profit (loss) | 9901 | €107,369 | €92,300 | -€15,070 | -14.0% |
| Financial income | 75/76B | €127 | €986 | +€859 | +676% |
| Recurring financial income | 75 | €127 | €986 | +€859 | +676% |
| Financial charges | 65/66B | €851 | €1,765 | +€914 | +108% |
| Recurring financial charges | 65 | €851 | €1,765 | +€914 | +108% |
| Profit (loss) for the period before taxes | 9903 | €106,646 | €91,521 | -€15,125 | -14.2% |
| Income taxes | 67/77 | €23,854 | €20,466 | -€3,388 | -14.2% |
| Profit (loss) for the period | 9904 | €82,792 | €71,055 | -€11,737 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,792 | €71,055 | -€11,737 | -14.2% |
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 22 October 2026 via checked.be.