KLUFT: 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.
KLUFT
Largest movements
- Current investments +€200,000
new in 2024: €200,000
- Cash -€153,116
down €153,116 (-65.6%), from €233,313 to €80,197
mainly Current investments (-€200,000) and Contributions, distributions and other (-€120,412)
- Receivables within one year +€50,415
up €50,415 (+305.9%), from €16,482 to €66,897
of which Other amounts receivable: +€50,638
- Tangible fixed assets -€25,640
down €25,640 (-14.9%), from €171,721 to €146,081
of which Land and buildings: -€13,981
- Other debts +€120,412
new in 2024: €120,412
- Reserves -€58,888
down €58,888 (-16.7%), from €351,819 to €292,931
of which Distributable reserves: -€56,268
- Tax, wage and social debts +€10,073
up €10,073 (+65.9%), from €15,294 to €25,367
- Financial income +€2,626
up €2,626 (+80.4%), from €3,266 to €5,892
- Gross operating margin -€1,521
down €1,521 (-1.4%), from €111,636 to €110,115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €422,622 | €494,211 | +€71,589 | +16.9% |
| Fixed assets | 21/28 | €171,721 | €146,081 | -€25,640 | -14.9% |
| Tangible fixed assets | 22/27 | €171,721 | €146,081 | -€25,640 | -14.9% |
| Land and buildings | 22 | €132,102 | €118,121 | -€13,981 | -10.6% |
| Plant, machinery and equipment | 23 | €39,619 | €27,135 | -€12,484 | -31.5% |
| Furniture and vehicles | 24 | - | €826 | +€826 | |
| Current assets | 29/58 | €250,901 | €348,130 | +€97,229 | +38.8% |
| Amounts receivable within one year | 40/41 | €16,482 | €66,897 | +€50,415 | +305.9% |
| Trade receivables | 40 | €14,844 | €14,621 | -€223 | -1.5% |
| Other amounts receivable | 41 | €1,638 | €52,276 | +€50,638 | +3090.6% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €233,313 | €80,197 | -€153,116 | -65.6% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,036 | -€70 | -6.3% |
| Total equity and liabilities | 10/49 | €422,622 | €494,211 | +€71,589 | +16.9% |
| Equity | 10/15 | €406,339 | €347,451 | -€58,888 | -14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €351,819 | €292,931 | -€58,888 | -16.7% |
| Non-distributable reserves | 130/1 | €2,620 | €0 | -€2,620 | -100.0% |
| Reserves not available under the articles | 1311 | €2,620 | €0 | -€2,620 | -100.0% |
| Distributable reserves | 133 | €349,199 | €292,931 | -€56,268 | -16.1% |
| Profit (loss) carried forward | 14 | €35,928 | €35,928 | = | 0.0% |
| Amounts payable | 17/49 | €16,283 | €146,760 | +€130,477 | +801.3% |
| Amounts payable within one year | 42/48 | €15,323 | €145,800 | +€130,477 | +851.5% |
| Trade debts | 44 | €29 | €21 | -€7 | -25.8% |
| Suppliers | 440/4 | €29 | €21 | -€7 | -25.8% |
| Taxes, remuneration and social security | 45 | €15,294 | €25,367 | +€10,073 | +65.9% |
| Taxes | 450/3 | €15,294 | €25,367 | +€10,073 | +65.9% |
| Other amounts payable | 47/48 | - | €120,412 | +€120,412 | |
| Accrued charges and deferred income | 492/3 | €960 | €960 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,132 | €26,672 | -€460 | -1.7% |
| Other operating charges | 640/8 | €3,398 | €3,494 | +€96 | +2.8% |
| Gross operating margin | 9900 | €111,636 | €110,115 | -€1,521 | -1.4% |
| Operating profit (loss) | 9901 | €81,106 | €79,949 | -€1,157 | -1.4% |
| Financial income | 75/76B | €3,266 | €5,892 | +€2,626 | +80.4% |
| Recurring financial income | 75 | €3,266 | €5,892 | +€2,626 | +80.4% |
| Financial charges | 65/66B | €39 | €39 | +€0 | +0.5% |
| Recurring financial charges | 65 | €39 | €39 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €84,333 | €85,802 | +€1,468 | +1.7% |
| Income taxes | 67/77 | €23,719 | €24,278 | +€559 | +2.4% |
| Profit (loss) for the period | 9904 | €60,614 | €61,524 | +€910 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,614 | €61,524 | +€910 | +1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.