KLT: 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.
KLT
Largest movements
- Tangible fixed assets -€33,502
down €33,502 (-71.6%), from €46,759 to €13,256
of which Furniture and vehicles: -€31,272
- Cash -€9,717
down €9,717 (-3.9%), from €250,697 to €240,980
mainly Net result for the year (-€32,618) and Tax, wage and social debts (-€9,782)
- Reserves -€25,669
down €25,669 (-10.5%), from €244,500 to €218,831
- Tax, wage and social debts -€9,782
down €9,782 (-32.7%), from €29,909 to €20,127
- Debts after one year -€8,517
no longer reported in 2025 (was €8,517)
- Profit (loss) carried forward -€6,949
new in 2025: -€6,949
- Current portion of long-term debt +€4,525
up €4,525 (+113.3%), from €3,993 to €8,517
- Gross operating margin -€197,193
down €197,193, from €177,841 to -€19,352
- Taxes -€17,374
down €17,374 (-100.0%), from €17,374 to €0
- Other operating charges +€13,331
up €13,331 (+1929.0%), from €691 to €14,022
- Depreciation -€9,081
down €9,081 (-77.0%), from €11,789 to €2,708
- Financial income +€3,793
up €3,793 (+1509.9%), from €251 to €4,044
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 | €306,258 | €257,828 | -€48,429 | -15.8% |
| Fixed assets | 21/28 | €46,759 | €13,256 | -€33,502 | -71.6% |
| Tangible fixed assets | 22/27 | €46,759 | €13,256 | -€33,502 | -71.6% |
| Plant, machinery and equipment | 23 | €347 | €0 | -€347 | -100.0% |
| Furniture and vehicles | 24 | €31,860 | €588 | -€31,272 | -98.2% |
| Other tangible fixed assets | 26 | €14,552 | €12,669 | -€1,883 | -12.9% |
| Current assets | 29/58 | €259,499 | €244,572 | -€14,927 | -5.8% |
| Amounts receivable within one year | 40/41 | €6,161 | €3,592 | -€2,570 | -41.7% |
| Trade receivables | 40 | €5,695 | €3,000 | -€2,695 | -47.3% |
| Other amounts receivable | 41 | €467 | €592 | +€125 | +26.8% |
| Cash at bank and in hand | 54/58 | €250,697 | €240,980 | -€9,717 | -3.9% |
| Deferred charges and accrued income | 490/1 | €2,641 | - | -€2,641 | |
| Total equity and liabilities | 10/49 | €306,258 | €257,828 | -€48,429 | -15.8% |
| Equity | 10/15 | €250,700 | €218,082 | -€32,618 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,500 | €218,831 | -€25,669 | -10.5% |
| Distributable reserves | 133 | €244,500 | €218,831 | -€25,669 | -10.5% |
| Profit (loss) carried forward | 14 | - | -€6,949 | -€6,949 | |
| Amounts payable | 17/49 | €55,558 | €39,747 | -€15,811 | -28.5% |
| Amounts payable after more than one year | 17 | €8,517 | - | -€8,517 | |
| Financial debts | 170/4 | €8,517 | - | -€8,517 | |
| Amounts payable within one year | 42/48 | €47,041 | €39,747 | -€7,294 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €3,993 | €8,517 | +€4,525 | +113.3% |
| Trade debts | 44 | €1,614 | - | -€1,614 | |
| Suppliers | 440/4 | €1,614 | - | -€1,614 | |
| Taxes, remuneration and social security | 45 | €29,909 | €20,127 | -€9,782 | -32.7% |
| Taxes | 450/3 | €29,909 | €20,127 | -€9,782 | -32.7% |
| Other amounts payable | 47/48 | €11,524 | €11,102 | -€422 | -3.7% |
| Non-recurring operating income | 76A | €165,000 | - | -€165,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,789 | €2,708 | -€9,081 | -77.0% |
| Other operating charges | 640/8 | €691 | €14,022 | +€13,331 | +1929.0% |
| Gross operating margin | 9900 | €177,841 | -€19,352 | -€197,193 | |
| Operating profit (loss) | 9901 | €165,361 | -€36,082 | -€201,443 | |
| Financial income | 75/76B | €251 | €4,044 | +€3,793 | +1509.9% |
| Recurring financial income | 75 | €251 | €4,044 | +€3,793 | +1509.9% |
| Financial charges | 65/66B | €1,353 | €580 | -€772 | -57.1% |
| Recurring financial charges | 65 | €1,353 | €580 | -€772 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €164,260 | -€32,618 | -€196,878 | |
| Income taxes | 67/77 | €17,374 | €0 | -€17,374 | -100.0% |
| Profit (loss) for the period | 9904 | €146,886 | -€32,618 | -€179,504 | |
| Profit (loss) for the period to be appropriated | 9905 | €146,886 | -€32,618 | -€179,504 |
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 12 October 2026 via checked.be.