KLUS: 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.
KLUS
Largest movements
- Tangible fixed assets +€974,862
up €974,862 (+36.8%), from €2.7m to €3.6m
of which Land and buildings: +€3.2m
- Current investments -€475,000
down €475,000 (-100.0%), from €475,000 to €0
- Cash +€160,488
up €160,488 (+93.4%), from €171,822 to €332,309
mainly Current investments (+€475,000) and Debts after one year (+€417,426)
- Stocks and contracts +€82,246
up €82,246 (+7.4%), from €1.1m to €1.2m
- Debts after one year +€417,426
up €417,426 (+43.3%), from €963,824 to €1.4m
- Trade debts +€127,358
up €127,358 (+406.7%), from €31,319 to €158,676
- Reserves +€80,955
up €80,955 (+2.5%), from €3.2m to €3.3m
- Other debts +€76,235
up €76,235 (+102.0%), from €74,735 to €150,970
- Depreciation +€119,386
up €119,386 (+280.2%), from €42,608 to €161,994
- Financial charges +€38,310
up €38,310 (+80.6%), from €47,552 to €85,861
- Staff costs +€37,007
up €37,007 (+8.7%), from €426,986 to €463,993
- Gross operating margin +€29,179
up €29,179 (+3.5%), from €835,802 to €864,981
- Taxes +€11,157
up €11,157 (+390.0%), from €2,861 to €14,019
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 | €4,570,458 | €5,309,650 | +€739,192 | +16.2% |
| Fixed assets | 21/28 | €2,692,407 | €3,667,210 | +€974,802 | +36.2% |
| Tangible fixed assets | 22/27 | €2,651,556 | €3,626,418 | +€974,862 | +36.8% |
| Land and buildings | 22 | €275,452 | €3,462,790 | +€3.2m | +1157.1% |
| Plant, machinery and equipment | 23 | €81,516 | €69,045 | -€12,471 | -15.3% |
| Furniture and vehicles | 24 | €93,144 | €94,583 | +€1,439 | +1.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €2,201,444 | €0 | -€2.2m | -100.0% |
| Financial fixed assets | 28 | €40,851 | €40,792 | -€59 | -0.1% |
| Current assets | 29/58 | €1,878,051 | €1,642,440 | -€235,610 | -12.5% |
| Stocks and contracts in progress | 3 | €1,108,868 | €1,191,114 | +€82,246 | +7.4% |
| Stocks | 30/36 | €1,108,868 | €1,191,114 | +€82,246 | +7.4% |
| Amounts receivable within one year | 40/41 | €112,924 | €109,957 | -€2,967 | -2.6% |
| Trade receivables | 40 | €37,285 | €49,051 | +€11,766 | +31.6% |
| Other amounts receivable | 41 | €75,638 | €60,906 | -€14,732 | -19.5% |
| Current investments | 50/53 | €475,000 | €0 | -€475,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €171,822 | €332,309 | +€160,488 | +93.4% |
| Deferred charges and accrued income | 490/1 | €9,437 | €9,059 | -€378 | -4.0% |
| Total equity and liabilities | 10/49 | €4,570,458 | €5,309,650 | +€739,192 | +16.2% |
| Equity | 10/15 | €3,334,287 | €3,415,242 | +€80,955 | +2.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,234,287 | €3,315,242 | +€80,955 | +2.5% |
| Distributable reserves | 133 | €3,234,287 | €3,315,242 | +€80,955 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,236,171 | €1,894,408 | +€658,237 | +53.2% |
| Amounts payable after more than one year | 17 | €963,824 | €1,381,250 | +€417,426 | +43.3% |
| Financial debts | 170/4 | €963,824 | €1,381,250 | +€417,426 | +43.3% |
| Amounts payable within one year | 42/48 | €265,874 | €503,644 | +€237,770 | +89.4% |
| Current portion of amounts payable after more than one year | 42 | €43,750 | €75,000 | +€31,250 | +71.4% |
| Trade debts | 44 | €31,319 | €158,676 | +€127,358 | +406.7% |
| Suppliers | 440/4 | €31,319 | €158,676 | +€127,358 | +406.7% |
| Advances received on contracts in progress | 46 | €500 | €25 | -€475 | -95.0% |
| Taxes, remuneration and social security | 45 | €115,570 | €118,972 | +€3,402 | +2.9% |
| Taxes | 450/3 | €25,086 | €25,343 | +€257 | +1.0% |
| Remuneration and social security | 454/9 | €90,484 | €93,629 | +€3,145 | +3.5% |
| Other amounts payable | 47/48 | €74,735 | €150,970 | +€76,235 | +102.0% |
| Accrued charges and deferred income | 492/3 | €6,474 | €9,514 | +€3,040 | +47.0% |
| Non-recurring operating income | 76A | €0 | €627 | +€627 | |
| Remuneration, social security and pensions | 62 | €426,986 | €463,993 | +€37,007 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,608 | €161,994 | +€119,386 | +280.2% |
| Other operating charges | 640/8 | €27,999 | €29,184 | +€1,185 | +4.2% |
| Non-recurring operating charges | 66A | €172,623 | €0 | -€172,623 | -100.0% |
| Gross operating margin | 9900 | €835,802 | €864,981 | +€29,179 | +3.5% |
| Operating profit (loss) | 9901 | €165,586 | €209,810 | +€44,224 | +26.7% |
| Financial income | 75/76B | €50,312 | €41,025 | -€9,287 | -18.5% |
| Recurring financial income | 75 | €50,312 | €41,025 | -€9,287 | -18.5% |
| Financial charges | 65/66B | €47,552 | €85,861 | +€38,310 | +80.6% |
| Recurring financial charges | 65 | €47,552 | €85,861 | +€38,310 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €168,346 | €164,974 | -€3,372 | -2.0% |
| Income taxes | 67/77 | €2,861 | €14,019 | +€11,157 | +390.0% |
| Profit (loss) for the period | 9904 | €165,485 | €150,955 | -€14,530 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €165,485 | €150,955 | -€14,530 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.