KLS RENTING: 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.
What changed
KLS RENTING
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€271,010
2024 · €10,380+€260,630
Equity
€786,290
2024 · €560,585+€225,705
Cash
€8,824
2024 · €6,824+€2,001
Balance sheet total
€2.8m
2024 · €2.8m-€47,156
Largest movements
Assets
- Tangible fixed assets -€28,079
down €28,079 (-1.0%), from €2.7m to €2.7m
of which Leasing and similar rights: -€318,637
Equity and liabilities
- Debts after one year -€312,209
down €312,209 (-17.6%), from €1.8m to €1.5m
- Reserves +€225,705
up €225,705 (+45.7%), from €493,585 to €719,290
of which Tax-exempt reserves: +€207,526
- Short-term financial debts +€108,000
new in 2025: €108,000
- Current portion of long-term debt -€98,392
down €98,392 (-27.6%), from €356,762 to €258,370
- Provisions +€71,777
up €71,777 (+919%), from €7,806 to €79,583
Income statement
- Gross operating margin +€291,438
up €291,438 (+73.4%), from €397,073 to €688,511
- Depreciation -€40,197
down €40,197 (-16.7%), from €240,201 to €200,004
- Other operating charges -€22,797
down €22,797 (-35.5%), from €64,232 to €41,435
- Financial charges +€11,387
up €11,387 (+17.6%), from €64,600 to €75,986
- Taxes +€10,744
up €10,744 (+60.1%), from €17,888 to €28,631
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
€10,380
Gross operating margin
+€291,438
Depreciation
+€40,197
Write-downs
-€1,649
Other operating charges
+€22,797
Other operating items
+€9,469
Financial income
-€2,175
Financial charges
-€11,387
Taxes
-€10,744
Deferred taxes and other
-€77,317
Result 2025
€271,010
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€521,832
Investment
-€171,925
Financing
-€347,907
Cash 2024
€6,824
From operations (derived)
+€521,832
Net result for the year
+€271,010
Depreciation
+€200,004
Receivables within one year
+€20,935
Deferred charges and accrued income
+€142
Provisions
+€71,777
Trade debts
-€9,676
Tax, wage and social debts
-€13,528
Other debts
-€18,832
Investment (derived)
-€171,925
Investment in fixed assets (net)
-€171,925
Financing
-€347,907
Debts after one year
-€312,209
Current portion of long-term debt
-€98,392
Short-term financial debts
+€108,000
Contributions, distributions and other
-€45,305
Cash 2025
€8,824
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,799,912 | €2,752,756 | -€47,156 | -1.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,720,031 | €2,691,952 | -€28,079 | -1.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,720,031 | €2,691,952 | -€28,079 | -1.0% |
| Land and buildings | 22 | €1,637,192 | €1,885,241 | +€248,050 | +15.2% |
| Plant, machinery and equipment | 23 | €79,248 | €71,216 | -€8,032 | -10.1% |
| Furniture and vehicles | 24 | - | €50,540 | +€50,540 | |
| Leasing and similar rights | 25 | €1,003,591 | €684,955 | -€318,637 | -31.7% |
| Current assets | 29/58 | €79,881 | €60,804 | -€19,077 | -23.9% |
| Amounts receivable within one year | 40/41 | €71,503 | €50,568 | -€20,935 | -29.3% |
| Trade receivables | 40 | €11,858 | €6,452 | -€5,405 | -45.6% |
| Other amounts receivable | 41 | €59,645 | €44,116 | -€15,529 | -26.0% |
| Cash at bank and in hand | 54/58 | €6,824 | €8,824 | +€2,001 | +29.3% |
| Deferred charges and accrued income | 490/1 | €1,554 | €1,412 | -€142 | -9.2% |
| Total equity and liabilities | 10/49 | €2,799,912 | €2,752,756 | -€47,156 | -1.7% |
| Equity | 10/15 | €560,585 | €786,290 | +€225,705 | +40.3% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €493,585 | €719,290 | +€225,705 | +45.7% |
| Tax-exempt reserves | 132 | €31,225 | €238,750 | +€207,526 | +665% |
| Distributable reserves | 133 | €462,360 | €480,540 | +€18,180 | +3.9% |
| Provisions and deferred taxes | 16 | €7,806 | €79,583 | +€71,777 | +919% |
| Deferred taxes | 168 | €7,806 | €79,583 | +€71,777 | +919% |
| Amounts payable | 17/49 | €2,231,521 | €1,886,883 | -€344,638 | -15.4% |
| Amounts payable after more than one year | 17 | €1,770,084 | €1,457,875 | -€312,209 | -17.6% |
| Financial debts | 170/4 | €1,770,084 | €1,457,875 | -€312,209 | -17.6% |
| Amounts payable within one year | 42/48 | €461,437 | €429,008 | -€32,429 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €356,762 | €258,370 | -€98,392 | -27.6% |
| Financial debts | 43 | - | €108,000 | +€108,000 | |
| Credit institutions | 430/8 | - | €108,000 | +€108,000 | |
| Trade debts | 44 | €24,311 | €14,634 | -€9,676 | -39.8% |
| Suppliers | 440/4 | €24,311 | €14,634 | -€9,676 | -39.8% |
| Taxes, remuneration and social security | 45 | €22,361 | €8,833 | -€13,528 | -60.5% |
| Taxes | 450/3 | €22,361 | €8,833 | -€13,528 | -60.5% |
| Other amounts payable | 47/48 | €58,003 | €39,171 | -€18,832 | -32.5% |
| Non-recurring operating income | 76A | €21,263 | €347,954 | +€326,691 | +1,536% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,201 | €200,004 | -€40,197 | -16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,649 | +€1,649 | |
| Other operating charges | 640/8 | €64,232 | €41,435 | -€22,797 | -35.5% |
| Non-recurring operating charges | 66A | €9,469 | - | -€9,469 | |
| Gross operating margin | 9900 | €397,073 | €688,511 | +€291,438 | +73.4% |
| Operating profit (loss) | 9901 | €83,171 | €445,423 | +€362,252 | +436% |
| Financial income | 75/76B | €2,206 | €31 | -€2,175 | -98.6% |
| Recurring financial income | 75 | €2,206 | €31 | -€2,175 | -98.6% |
| Financial charges | 65/66B | €64,600 | €75,986 | +€11,387 | +17.6% |
| Recurring financial charges | 65 | €64,600 | €75,986 | +€11,387 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €20,777 | €369,467 | +€348,690 | +1,678% |
| Transfer from deferred taxes | 780 | €7,491 | €17,163 | +€9,672 | +129% |
| Transfer to deferred taxes | 680 | - | €86,988 | +€86,988 | |
| Income taxes | 67/77 | €17,888 | €28,631 | +€10,744 | +60.1% |
| Profit (loss) for the period | 9904 | €10,380 | €271,010 | +€260,630 | +2,511% |
| Transfer from tax-exempt reserves | 789 | €29,964 | €51,488 | +€21,524 | +71.8% |
| Transfer to tax-exempt reserves | 689 | - | €260,965 | +€260,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,344 | €61,533 | +€21,190 | +52.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.