KLSA: 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.
KLSA
Largest movements
- Tangible fixed assets -€17,150
down €17,150 (-30.7%), from €55,947 to €38,797
of which Leasing and similar rights: -€11,782
- Receivables within one year -€5,915
down €5,915 (-14.4%), from €41,189 to €35,274
of which Trade receivables: -€27,812
- Other debts +€57,947
up €57,947 (+1879.9%), from €3,082 to €61,030
- Trade debts -€50,412
down €50,412 (-61.1%), from €82,514 to €32,101
- Tax, wage and social debts -€21,169
down €21,169 (-71.7%), from €29,525 to €8,356
of which Remuneration and social security: -€25,476
- Debts after one year -€9,969
down €9,969 (-25.1%), from €39,739 to €29,770
- Short-term financial debts +€1,165
up €1,165 (+28.5%), from €4,083 to €5,248
- Staff costs -€176,253
down €176,253 (-78.0%), from €226,003 to €49,750
- Gross operating margin -€93,159
down €93,159 (-53.1%), from €175,302 to €82,143
- Depreciation -€4,695
down €4,695 (-18.2%), from €25,841 to €21,146
- Financial income -€3,478
down €3,478 (-99.0%), from €3,512 to €34
- Other operating charges +€2,745
up €2,745 (+362.5%), from €757 to €3,502
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 | €105,750 | €83,327 | -€22,424 | -21.2% |
| Fixed assets | 21/28 | €57,947 | €40,797 | -€17,150 | -29.6% |
| Tangible fixed assets | 22/27 | €55,947 | €38,797 | -€17,150 | -30.7% |
| Plant, machinery and equipment | 23 | €5,761 | €1,376 | -€4,384 | -76.1% |
| Furniture and vehicles | 24 | €4,797 | €3,814 | -€984 | -20.5% |
| Leasing and similar rights | 25 | €45,389 | €33,607 | -€11,782 | -26.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €47,804 | €42,530 | -€5,273 | -11.0% |
| Stocks and contracts in progress | 3 | €1,872 | €1,872 | = | 0.0% |
| Stocks | 30/36 | €1,872 | €1,872 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,189 | €35,274 | -€5,915 | -14.4% |
| Trade receivables | 40 | €28,102 | €289 | -€27,812 | -99.0% |
| Other amounts receivable | 41 | €13,088 | €34,985 | +€21,897 | +167.3% |
| Cash at bank and in hand | 54/58 | €1,679 | €2,311 | +€632 | +37.6% |
| Deferred charges and accrued income | 490/1 | €3,063 | €3,073 | +€10 | +0.3% |
| Total equity and liabilities | 10/49 | €105,750 | €83,327 | -€22,424 | -21.2% |
| Equity | 10/15 | -€62,400 | -€62,628 | -€228 | -0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,400 | -€67,628 | -€228 | -0.3% |
| Amounts payable | 17/49 | €168,151 | €145,955 | -€22,196 | -13.2% |
| Amounts payable after more than one year | 17 | €39,739 | €29,770 | -€9,969 | -25.1% |
| Financial debts | 170/4 | €39,739 | €29,770 | -€9,969 | -25.1% |
| Amounts payable within one year | 42/48 | €128,412 | €116,185 | -€12,227 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €9,208 | €9,450 | +€242 | +2.6% |
| Financial debts | 43 | €4,083 | €5,248 | +€1,165 | +28.5% |
| Credit institutions | 430/8 | €4,083 | €5,248 | +€1,165 | +28.5% |
| Trade debts | 44 | €82,514 | €32,101 | -€50,412 | -61.1% |
| Suppliers | 440/4 | €82,514 | €32,101 | -€50,412 | -61.1% |
| Taxes, remuneration and social security | 45 | €29,525 | €8,356 | -€21,169 | -71.7% |
| Taxes | 450/3 | €4,049 | €8,356 | +€4,307 | +106.4% |
| Remuneration and social security | 454/9 | €25,476 | - | -€25,476 | |
| Other amounts payable | 47/48 | €3,082 | €61,030 | +€57,947 | +1879.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €226,003 | €49,750 | -€176,253 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,841 | €21,146 | -€4,695 | -18.2% |
| Other operating charges | 640/8 | €757 | €3,502 | +€2,745 | +362.5% |
| Gross operating margin | 9900 | €175,302 | €82,143 | -€93,159 | -53.1% |
| Operating profit (loss) | 9901 | -€77,299 | €7,746 | +€85,045 | |
| Financial income | 75/76B | €3,512 | €34 | -€3,478 | -99.0% |
| Recurring financial income | 75 | €3,512 | €34 | -€3,478 | -99.0% |
| Financial charges | 65/66B | €8,468 | €7,834 | -€634 | -7.5% |
| Recurring financial charges | 65 | €8,468 | €7,834 | -€634 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€82,255 | -€54 | +€82,201 | +99.9% |
| Income taxes | 67/77 | €190 | €174 | -€16 | -8.2% |
| Profit (loss) for the period | 9904 | -€82,444 | -€228 | +€82,216 | +99.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,444 | -€228 | +€82,216 | +99.7% |
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.