KLUISBERG: 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.
KLUISBERG
Largest movements
- Cash -€38,650
down €38,650 (-34.7%), from €111,303 to €72,653
mainly Investment in fixed assets (net) (-€68,284) and Stocks and contracts (-€20,234)
- Stocks and contracts +€20,234
up €20,234 (+23.2%), from €87,208 to €107,443
- Tangible fixed assets +€14,395
up €14,395 (+11.0%), from €130,638 to €145,033
of which Plant, machinery and equipment: +€25,504
- Receivables within one year +€6,244
up €6,244 (+25.2%), from €24,733 to €30,977
of which Other amounts receivable: +€9,086
- Reserves +€89,167
up €89,167 (+42.2%), from €211,249 to €300,416
- Profit (loss) carried forward -€79,698
no longer reported in 2025 (was €79,698)
- Debts after one year -€11,010
down €11,010 (-47.3%), from €23,262 to €12,252
- Trade debts +€9,516
up €9,516 (+638%), from €1,493 to €11,009
- Gross operating margin -€17,406
down €17,406 (-16.6%), from €104,669 to €87,263
- Depreciation -€3,726
down €3,726 (-6.5%), from €57,614 to €53,889
- Staff costs -€2,595
down €2,595 (-12.7%), from €20,495 to €17,900
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.
Derived cash bridge
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 | €360,852 | €363,841 | +€2,989 | +0.8% |
| Fixed assets | 21/28 | €134,203 | €148,598 | +€14,395 | +10.7% |
| Tangible fixed assets | 22/27 | €130,638 | €145,033 | +€14,395 | +11.0% |
| Land and buildings | 22 | - | €5,792 | +€5,792 | |
| Plant, machinery and equipment | 23 | €84,254 | €109,758 | +€25,504 | +30.3% |
| Furniture and vehicles | 24 | €32,758 | €21,311 | -€11,447 | -34.9% |
| Other tangible fixed assets | 26 | €13,626 | €8,172 | -€5,454 | -40.0% |
| Financial fixed assets | 28 | €3,564 | €3,564 | = | 0.0% |
| Current assets | 29/58 | €226,649 | €215,243 | -€11,406 | -5.0% |
| Stocks and contracts in progress | 3 | €87,208 | €107,443 | +€20,234 | +23.2% |
| Stocks | 30/36 | €87,208 | €107,443 | +€20,234 | +23.2% |
| Amounts receivable within one year | 40/41 | €24,733 | €30,977 | +€6,244 | +25.2% |
| Trade receivables | 40 | €20,722 | €17,880 | -€2,842 | -13.7% |
| Other amounts receivable | 41 | €4,011 | €13,096 | +€9,086 | +227% |
| Cash at bank and in hand | 54/58 | €111,303 | €72,653 | -€38,650 | -34.7% |
| Deferred charges and accrued income | 490/1 | €3,406 | €4,172 | +€766 | +22.5% |
| Total equity and liabilities | 10/49 | €360,852 | €363,841 | +€2,989 | +0.8% |
| Equity | 10/15 | €309,539 | €319,008 | +€9,469 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €211,249 | €300,416 | +€89,167 | +42.2% |
| Distributable reserves | 133 | €211,249 | €300,416 | +€89,167 | +42.2% |
| Profit (loss) carried forward | 14 | €79,698 | - | -€79,698 | |
| Amounts payable | 17/49 | €51,313 | €44,832 | -€6,481 | -12.6% |
| Amounts payable after more than one year | 17 | €23,262 | €12,252 | -€11,010 | -47.3% |
| Financial debts | 170/4 | €23,262 | €12,252 | -€11,010 | -47.3% |
| Amounts payable within one year | 42/48 | €26,401 | €32,580 | +€6,179 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €13,804 | €11,010 | -€2,795 | -20.2% |
| Trade debts | 44 | €1,493 | €11,009 | +€9,516 | +638% |
| Suppliers | 440/4 | €1,493 | €11,009 | +€9,516 | +638% |
| Taxes, remuneration and social security | 45 | €9,403 | €9,095 | -€309 | -3.3% |
| Taxes | 450/3 | €9,403 | €9,095 | -€309 | -3.3% |
| Other amounts payable | 47/48 | €1,701 | €1,467 | -€234 | -13.7% |
| Accrued charges and deferred income | 492/3 | €1,650 | - | -€1,650 | |
| Remuneration, social security and pensions | 62 | €20,495 | €17,900 | -€2,595 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,614 | €53,889 | -€3,726 | -6.5% |
| Other operating charges | 640/8 | €2,735 | €2,543 | -€192 | -7.0% |
| Gross operating margin | 9900 | €104,669 | €87,263 | -€17,406 | -16.6% |
| Operating profit (loss) | 9901 | €23,825 | €12,931 | -€10,893 | -45.7% |
| Financial income | 75/76B | €76 | €736 | +€660 | +868% |
| Recurring financial income | 75 | €76 | €736 | +€660 | +868% |
| Financial charges | 65/66B | €2,520 | €2,012 | -€508 | -20.2% |
| Recurring financial charges | 65 | €2,520 | €2,012 | -€508 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €21,380 | €11,655 | -€9,725 | -45.5% |
| Income taxes | 67/77 | €1,991 | €2,185 | +€195 | +9.8% |
| Profit (loss) for the period | 9904 | €19,390 | €9,469 | -€9,920 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,390 | €9,469 | -€9,920 | -51.2% |
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 31 October 2026 via checked.be.