KLUCLA: 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.
KLUCLA
Largest movements
- Tangible fixed assets -€25,768
down €25,768 (-37.1%), from €69,407 to €43,639
of which Plant, machinery and equipment: -€19,805
- Receivables within one year +€23,430
up €23,430 (+191.0%), from €12,264 to €35,694
of which Trade receivables: +€16,780
- Cash +€13,102
up €13,102 (+74.1%), from €17,672 to €30,774
mainly Net result for the year (+€33,939) and Depreciation (+€24,142)
- Stocks and contracts +€1,788
up €1,788 (+50.9%), from €3,512 to €5,300
- Deferred charges and accrued income +€1,287
new in 2025: €1,287
- Reserves +€33,939
up €33,939 (+95.2%), from €35,662 to €69,602
- Trade debts -€15,036
down €15,036 (-47.9%), from €31,420 to €16,383
- Debts after one year -€2,892
down €2,892 (-23.9%), from €12,093 to €9,201
- Tax, wage and social debts -€2,298
down €2,298 (-14.4%), from €15,914 to €13,616
of which Taxes: -€2,294
- Gross operating margin -€37,204
down €37,204 (-31.8%), from €116,961 to €79,757
- Depreciation -€28,905
down €28,905 (-54.5%), from €53,047 to €24,142
- Taxes -€4,787
down €4,787 (-37.3%), from €12,844 to €8,057
- Financial charges -€1,871
down €1,871 (-33.2%), from €5,643 to €3,771
- Other operating charges -€1,770
down €1,770 (-49.7%), from €3,564 to €1,794
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 | €102,856 | €116,694 | +€13,838 | +13.5% |
| Fixed assets | 21/28 | €69,407 | €43,639 | -€25,768 | -37.1% |
| Tangible fixed assets | 22/27 | €69,407 | €43,639 | -€25,768 | -37.1% |
| Plant, machinery and equipment | 23 | €63,444 | €43,639 | -€19,805 | -31.2% |
| Furniture and vehicles | 24 | €5,963 | - | -€5,963 | |
| Current assets | 29/58 | €33,448 | €73,055 | +€39,606 | +118.4% |
| Stocks and contracts in progress | 3 | €3,512 | €5,300 | +€1,788 | +50.9% |
| Stocks | 30/36 | €3,512 | €5,300 | +€1,788 | +50.9% |
| Amounts receivable within one year | 40/41 | €12,264 | €35,694 | +€23,430 | +191.0% |
| Trade receivables | 40 | €1,384 | €18,164 | +€16,780 | +1212.2% |
| Other amounts receivable | 41 | €10,880 | €17,530 | +€6,650 | +61.1% |
| Cash at bank and in hand | 54/58 | €17,672 | €30,774 | +€13,102 | +74.1% |
| Deferred charges and accrued income | 490/1 | - | €1,287 | +€1,287 | |
| Total equity and liabilities | 10/49 | €102,856 | €116,694 | +€13,838 | +13.5% |
| Equity | 10/15 | €40,662 | €74,602 | +€33,939 | +83.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,662 | €69,602 | +€33,939 | +95.2% |
| Distributable reserves | 133 | €35,662 | €69,602 | +€33,939 | +95.2% |
| Amounts payable | 17/49 | €62,193 | €42,092 | -€20,101 | -32.3% |
| Amounts payable after more than one year | 17 | €12,093 | €9,201 | -€2,892 | -23.9% |
| Financial debts | 170/4 | €12,093 | €9,201 | -€2,892 | -23.9% |
| Amounts payable within one year | 42/48 | €50,100 | €32,891 | -€17,209 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €2,767 | €2,892 | +€125 | +4.5% |
| Trade debts | 44 | €31,420 | €16,383 | -€15,036 | -47.9% |
| Suppliers | 440/4 | €31,420 | €16,383 | -€15,036 | -47.9% |
| Taxes, remuneration and social security | 45 | €15,914 | €13,616 | -€2,298 | -14.4% |
| Taxes | 450/3 | €15,844 | €13,550 | -€2,294 | -14.5% |
| Remuneration and social security | 454/9 | €70 | €66 | -€4 | -5.3% |
| Non-recurring operating income | 76A | - | €15,111 | +€15,111 | |
| Remuneration, social security and pensions | 62 | €6,448 | €8,152 | +€1,704 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,047 | €24,142 | -€28,905 | -54.5% |
| Other operating charges | 640/8 | €3,564 | €1,794 | -€1,770 | -49.7% |
| Gross operating margin | 9900 | €116,961 | €79,757 | -€37,204 | -31.8% |
| Operating profit (loss) | 9901 | €53,902 | €45,669 | -€8,233 | -15.3% |
| Financial income | 75/76B | €247 | €99 | -€148 | -60.0% |
| Recurring financial income | 75 | €247 | €99 | -€148 | -60.0% |
| Financial charges | 65/66B | €5,643 | €3,771 | -€1,871 | -33.2% |
| Recurring financial charges | 65 | €5,643 | €3,771 | -€1,871 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €48,506 | €41,997 | -€6,510 | -13.4% |
| Income taxes | 67/77 | €12,844 | €8,057 | -€4,787 | -37.3% |
| Profit (loss) for the period | 9904 | €35,662 | €33,939 | -€1,723 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,662 | €33,939 | -€1,723 | -4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.