KLUG IMMO: 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.
KLUG IMMO
Largest movements
- Tangible fixed assets +€37,781
up €37,781 (+13.8%), from €273,384 to €311,164
of which Assets under construction and advance payments: +€40,106
- Cash +€36,929
up €36,929 (+455.7%), from €8,104 to €45,032
mainly Debts after one year (+€92,899) and Depreciation (+€1,689)
- Debts after one year +€92,899
up €92,899 (+49.1%), from €189,346 to €282,245
of which Other amounts payable: +€100,000
- Profit (loss) carried forward -€16,136
down €16,136 (-171.5%), from -€9,409 to -€25,545
- Financial charges +€6,684
up €6,684 (+125.4%), from €5,329 to €12,013
- Other operating charges -€1,005
no longer reported in 2025 (was €1,005)
- Depreciation +€666
up €666 (+65.1%), from €1,024 to €1,689
- Gross operating margin -€433
down €433 (-21.1%), from -€2,051 to -€2,483
- Financial income +€50
new in 2025: €50
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 | €298,497 | €374,757 | +€76,260 | +25.5% |
| Fixed assets | 21/28 | €273,384 | €311,164 | +€37,781 | +13.8% |
| Tangible fixed assets | 22/27 | €273,384 | €311,164 | +€37,781 | +13.8% |
| Land and buildings | 22 | €245,521 | €243,196 | -€2,325 | -0.9% |
| Assets under construction and advance payments | 27 | €27,862 | €67,968 | +€40,106 | +143.9% |
| Current assets | 29/58 | €25,113 | €63,593 | +€38,479 | +153.2% |
| Amounts receivable within one year | 40/41 | €4,510 | €3,035 | -€1,474 | -32.7% |
| Trade receivables | 40 | €4,484 | €3,000 | -€1,484 | -33.1% |
| Other amounts receivable | 41 | €25 | €35 | +€10 | +38.1% |
| Cash at bank and in hand | 54/58 | €8,104 | €45,032 | +€36,929 | +455.7% |
| Deferred charges and accrued income | 490/1 | €12,500 | €15,525 | +€3,025 | +24.2% |
| Total equity and liabilities | 10/49 | €298,497 | €374,757 | +€76,260 | +25.5% |
| Equity | 10/15 | €100,591 | €84,455 | -€16,136 | -16.0% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,409 | -€25,545 | -€16,136 | -171.5% |
| Amounts payable | 17/49 | €197,906 | €290,302 | +€92,396 | +46.7% |
| Amounts payable after more than one year | 17 | €189,346 | €282,245 | +€92,899 | +49.1% |
| Financial debts | 170/4 | €189,346 | €182,245 | -€7,101 | -3.8% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €8,560 | €7,101 | -€1,459 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €6,822 | €7,101 | +€278 | +4.1% |
| Trade debts | 44 | €1,738 | - | -€1,738 | |
| Suppliers | 440/4 | €1,738 | - | -€1,738 | |
| Accrued charges and deferred income | 492/3 | - | €956 | +€956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €1,689 | +€666 | +65.1% |
| Other operating charges | 640/8 | €1,005 | - | -€1,005 | |
| Gross operating margin | 9900 | -€2,051 | -€2,483 | -€433 | -21.1% |
| Operating profit (loss) | 9901 | -€4,079 | -€4,173 | -€93 | -2.3% |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €5,329 | €12,013 | +€6,684 | +125.4% |
| Recurring financial charges | 65 | €5,329 | €12,013 | +€6,684 | +125.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,409 | -€16,136 | -€6,727 | -71.5% |
| Profit (loss) for the period | 9904 | -€9,409 | -€16,136 | -€6,727 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,409 | -€16,136 | -€6,727 | -71.5% |
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 11 October 2026 via checked.be.