KLS PROJECT: 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.
KLS PROJECT
Largest movements
- Tangible fixed assets -€6,862
down €6,862 (-14.4%), from €47,802 to €40,940
of which Other tangible fixed assets: -€6,636
- Deferred charges and accrued income -€805
down €805 (-61.9%), from €1,302 to €496
- Receivables within one year -€757
down €757 (-9.8%), from €7,691 to €6,933
- Other debts -€4,833
no longer reported in 2025 (was €4,833)
- Debts after one year -€4,758
down €4,758 (-24.9%), from €19,078 to €14,321
- Tax, wage and social debts +€3,524
up €3,524 (+190.4%), from €1,851 to €5,375
of which Taxes: +€3,324
- Current portion of long-term debt -€3,246
down €3,246 (-32.0%), from €10,136 to €6,890
- Gross operating margin -€2,983
down €2,983 (-17.3%), from €17,202 to €14,218
- Taxes +€2,067
up €2,067 (+85.3%), from €2,425 to €4,492
- Depreciation -€212
down €212 (-3.0%), from €7,074 to €6,862
- Financial income -€204
down €204 (-79.8%), from €256 to €52
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 | €72,255 | €63,824 | -€8,430 | -11.7% |
| Fixed assets | 21/28 | €49,182 | €42,320 | -€6,862 | -14.0% |
| Tangible fixed assets | 22/27 | €47,802 | €40,940 | -€6,862 | -14.4% |
| Plant, machinery and equipment | 23 | €1,269 | €1,042 | -€226 | -17.8% |
| Other tangible fixed assets | 26 | €46,533 | €39,897 | -€6,636 | -14.3% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Current assets | 29/58 | €23,073 | €21,505 | -€1,568 | -6.8% |
| Amounts receivable within one year | 40/41 | €7,691 | €6,933 | -€757 | -9.8% |
| Other amounts receivable | 41 | €7,691 | €6,933 | -€757 | -9.8% |
| Cash at bank and in hand | 54/58 | €14,080 | €14,075 | -€5 | 0.0% |
| Deferred charges and accrued income | 490/1 | €1,302 | €496 | -€805 | -61.9% |
| Total equity and liabilities | 10/49 | €72,255 | €63,824 | -€8,430 | -11.7% |
| Equity | 10/15 | €33,881 | €34,329 | +€448 | +1.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,881 | €29,329 | +€448 | +1.6% |
| Distributable reserves | 133 | €28,881 | €29,329 | +€448 | +1.6% |
| Amounts payable | 17/49 | €38,373 | €29,495 | -€8,878 | -23.1% |
| Amounts payable after more than one year | 17 | €19,078 | €14,321 | -€4,758 | -24.9% |
| Financial debts | 170/4 | €19,078 | €14,321 | -€4,758 | -24.9% |
| Amounts payable within one year | 42/48 | €19,295 | €15,175 | -€4,121 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €10,136 | €6,890 | -€3,246 | -32.0% |
| Trade debts | 44 | €2,475 | €2,910 | +€434 | +17.6% |
| Suppliers | 440/4 | €2,475 | €2,910 | +€434 | +17.6% |
| Taxes, remuneration and social security | 45 | €1,851 | €5,375 | +€3,524 | +190.4% |
| Taxes | 450/3 | €351 | €3,675 | +€3,324 | +947.2% |
| Remuneration and social security | 454/9 | €1,500 | €1,700 | +€200 | +13.3% |
| Other amounts payable | 47/48 | €4,833 | - | -€4,833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,074 | €6,862 | -€212 | -3.0% |
| Other operating charges | 640/8 | €667 | €633 | -€34 | -5.2% |
| Gross operating margin | 9900 | €17,202 | €14,218 | -€2,983 | -17.3% |
| Operating profit (loss) | 9901 | €9,460 | €6,723 | -€2,737 | -28.9% |
| Financial income | 75/76B | €256 | €52 | -€204 | -79.8% |
| Recurring financial income | 75 | €256 | €52 | -€204 | -79.8% |
| Financial charges | 65/66B | €1,729 | €1,835 | +€107 | +6.2% |
| Recurring financial charges | 65 | €1,729 | €1,835 | +€107 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €7,988 | €4,940 | -€3,048 | -38.2% |
| Income taxes | 67/77 | €2,425 | €4,492 | +€2,067 | +85.3% |
| Profit (loss) for the period | 9904 | €5,563 | €448 | -€5,115 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,563 | €448 | -€5,115 | -92.0% |
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 7 October 2026 via checked.be.