KLUISTER: 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.
KLUISTER
Largest movements
- Receivables within one year +€14,649
up €14,649 (+48.4%), from €30,238 to €44,887
of which Trade receivables: +€9,676
- Cash +€7,119
up €7,119 (+1209.3%), from €589 to €7,707
mainly Net result for the year (+€20,446) and Depreciation (+€12,863)
- Tangible fixed assets -€4,843
down €4,843 (-11.7%), from €41,493 to €36,651
of which Leasing and similar rights: -€6,662
- Current investments -€3,937
down €3,937 (-25.3%), from €15,535 to €11,598
- Reserves +€16,147
up €16,147 (+28.7%), from €56,313 to €72,461
- Debts after one year -€6,864
down €6,864 (-56.6%), from €12,123 to €5,259
- Trade debts +€2,951
up €2,951 (+148.7%), from €1,985 to €4,937
- Tax, wage and social debts +€1,301
up €1,301 (+26.5%), from €4,912 to €6,213
of which Taxes: +€1,958
- Gross operating margin +€11,157
up €11,157 (+32.1%), from €34,800 to €45,957
- Taxes +€3,616
up €3,616 (+48.6%), from €7,445 to €11,061
- Depreciation +€645
up €645 (+5.3%), from €12,218 to €12,863
- Financial income -€538
down €538 (-57.2%), from €940 to €403
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 | €90,554 | €104,090 | +€13,536 | +14.9% |
| Fixed assets | 21/28 | €41,493 | €36,651 | -€4,843 | -11.7% |
| Tangible fixed assets | 22/27 | €41,493 | €36,651 | -€4,843 | -11.7% |
| Plant, machinery and equipment | 23 | €1,371 | €4,243 | +€2,871 | +209.4% |
| Furniture and vehicles | 24 | €6,282 | €6,679 | +€397 | +6.3% |
| Leasing and similar rights | 25 | €17,766 | €11,104 | -€6,662 | -37.5% |
| Other tangible fixed assets | 26 | €16,074 | €14,625 | -€1,449 | -9.0% |
| Current assets | 29/58 | €49,061 | €67,439 | +€18,379 | +37.5% |
| Amounts receivable within one year | 40/41 | €30,238 | €44,887 | +€14,649 | +48.4% |
| Trade receivables | 40 | €26,317 | €35,993 | +€9,676 | +36.8% |
| Other amounts receivable | 41 | €3,921 | €8,894 | +€4,973 | +126.8% |
| Current investments | 50/53 | €15,535 | €11,598 | -€3,937 | -25.3% |
| Cash at bank and in hand | 54/58 | €589 | €7,707 | +€7,119 | +1209.3% |
| Deferred charges and accrued income | 490/1 | €2,699 | €3,247 | +€547 | +20.3% |
| Total equity and liabilities | 10/49 | €90,554 | €104,090 | +€13,536 | +14.9% |
| Equity | 10/15 | €62,229 | €78,376 | +€16,147 | +25.9% |
| Contributions | 10/11 | €5,915 | €5,915 | = | 0.0% |
| Reserves | 13 | €56,313 | €72,461 | +€16,147 | +28.7% |
| Distributable reserves | 133 | €56,313 | €72,461 | +€16,147 | +28.7% |
| Amounts payable | 17/49 | €28,325 | €25,714 | -€2,611 | -9.2% |
| Amounts payable after more than one year | 17 | €12,123 | €5,259 | -€6,864 | -56.6% |
| Financial debts | 170/4 | €12,123 | €5,259 | -€6,864 | -56.6% |
| Amounts payable within one year | 42/48 | €15,857 | €20,109 | +€4,253 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €6,699 | €6,864 | +€165 | +2.5% |
| Financial debts | 43 | €595 | €288 | -€307 | -51.6% |
| Credit institutions | 430/8 | €595 | €288 | -€307 | -51.6% |
| Trade debts | 44 | €1,985 | €4,937 | +€2,951 | +148.7% |
| Suppliers | 440/4 | €1,985 | €4,937 | +€2,951 | +148.7% |
| Advances received on contracts in progress | 46 | - | €90 | +€90 | |
| Taxes, remuneration and social security | 45 | €4,912 | €6,213 | +€1,301 | +26.5% |
| Taxes | 450/3 | €4,255 | €6,213 | +€1,958 | +46.0% |
| Remuneration and social security | 454/9 | €657 | - | -€657 | |
| Other amounts payable | 47/48 | €1,666 | €1,718 | +€52 | +3.1% |
| Accrued charges and deferred income | 492/3 | €346 | €346 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,218 | €12,863 | +€645 | +5.3% |
| Other operating charges | 640/8 | €1,608 | €1,480 | -€128 | -8.0% |
| Gross operating margin | 9900 | €34,800 | €45,957 | +€11,157 | +32.1% |
| Operating profit (loss) | 9901 | €20,974 | €31,614 | +€10,640 | +50.7% |
| Financial income | 75/76B | €940 | €403 | -€538 | -57.2% |
| Recurring financial income | 75 | €940 | €403 | -€538 | -57.2% |
| Financial charges | 65/66B | €731 | €510 | -€221 | -30.2% |
| Recurring financial charges | 65 | €731 | €510 | -€221 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €21,183 | €31,507 | +€10,324 | +48.7% |
| Income taxes | 67/77 | €7,445 | €11,061 | +€3,616 | +48.6% |
| Profit (loss) for the period | 9904 | €13,738 | €20,446 | +€6,708 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,738 | €20,446 | +€6,708 | +48.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.