KLUSPUNT: 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.
KLUSPUNT
Largest movements
- Receivables within one year +€58,952
up €58,952 (+49.6%), from €118,845 to €177,797
of which Other amounts receivable: +€41,073
- Financial fixed assets -€30,000
down €30,000 (-85.7%), from €35,000 to €5,000
- Cash -€21,682
down €21,682 (-52.8%), from €41,026 to €19,344
mainly Receivables within one year (-€58,952) and Debts after one year (-€51,671)
- Deferred charges and accrued income +€17,833
up €17,833 (+137.8%), from €12,941 to €30,774
- Tangible fixed assets -€15,499
down €15,499 (-25.7%), from €60,244 to €44,745
- Short-term financial debts +€70,000
new in 2025: €70,000
- Debts after one year -€51,671
down €51,671 (-50.5%), from €102,301 to €50,630
- Trade debts -€25,596
down €25,596 (-16.5%), from €155,516 to €129,920
- Other debts +€25,344
up €25,344 (+187734.1%), from €14 to €25,358
- Gross operating margin -€18,595
down €18,595 (-31.2%), from €59,533 to €40,938
- Other operating charges +€9,875
up €9,875 (+407.5%), from €2,424 to €12,299
- Taxes -€8,629
down €8,629 (-79.5%), from €10,861 to €2,232
- Financial charges +€1,229
up €1,229 (+18.6%), from €6,597 to €7,827
- Financial income +€1,097
up €1,097 (+28.6%), from €3,831 to €4,928
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 | €710,435 | €725,057 | +€14,622 | +2.1% |
| Fixed assets | 21/28 | €95,244 | €49,745 | -€45,499 | -47.8% |
| Tangible fixed assets | 22/27 | €60,244 | €44,745 | -€15,499 | -25.7% |
| Land and buildings | 22 | €35,897 | €30,410 | -€5,487 | -15.3% |
| Plant, machinery and equipment | 23 | €17,188 | €10,791 | -€6,397 | -37.2% |
| Furniture and vehicles | 24 | €3,857 | €1,449 | -€2,408 | -62.4% |
| Other tangible fixed assets | 26 | €3,301 | €2,096 | -€1,205 | -36.5% |
| Financial fixed assets | 28 | €35,000 | €5,000 | -€30,000 | -85.7% |
| Current assets | 29/58 | €615,191 | €675,312 | +€60,121 | +9.8% |
| Stocks and contracts in progress | 3 | €442,378 | €443,730 | +€1,352 | +0.3% |
| Stocks | 30/36 | €442,378 | €443,730 | +€1,352 | +0.3% |
| Amounts receivable within one year | 40/41 | €118,845 | €177,797 | +€58,952 | +49.6% |
| Trade receivables | 40 | €97,583 | €115,462 | +€17,879 | +18.3% |
| Other amounts receivable | 41 | €21,262 | €62,335 | +€41,073 | +193.2% |
| Current investments | 50/53 | - | €3,666 | +€3,666 | |
| Cash at bank and in hand | 54/58 | €41,026 | €19,344 | -€21,682 | -52.8% |
| Deferred charges and accrued income | 490/1 | €12,941 | €30,774 | +€17,833 | +137.8% |
| Total equity and liabilities | 10/49 | €710,435 | €725,057 | +€14,622 | +2.1% |
| Equity | 10/15 | €382,866 | €383,431 | +€565 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,266 | €364,831 | +€565 | +0.2% |
| Distributable reserves | 133 | €364,266 | €364,831 | +€565 | +0.2% |
| Amounts payable | 17/49 | €327,568 | €341,626 | +€14,057 | +4.3% |
| Amounts payable after more than one year | 17 | €102,301 | €50,630 | -€51,671 | -50.5% |
| Financial debts | 170/4 | €102,301 | €50,630 | -€51,671 | -50.5% |
| Amounts payable within one year | 42/48 | €224,310 | €289,683 | +€65,373 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €50,830 | €51,671 | +€841 | +1.7% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €155,516 | €129,920 | -€25,596 | -16.5% |
| Suppliers | 440/4 | €155,516 | €129,920 | -€25,596 | -16.5% |
| Taxes, remuneration and social security | 45 | €17,950 | €12,734 | -€5,216 | -29.1% |
| Taxes | 450/3 | €5,882 | €8,160 | +€2,278 | +38.7% |
| Remuneration and social security | 454/9 | €12,068 | €4,573 | -€7,494 | -62.1% |
| Other amounts payable | 47/48 | €14 | €25,358 | +€25,344 | +187734.1% |
| Accrued charges and deferred income | 492/3 | €958 | €1,313 | +€355 | +37.1% |
| Remuneration, social security and pensions | 62 | €7,835 | €7,445 | -€390 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,396 | €15,499 | -€897 | -5.5% |
| Other operating charges | 640/8 | €2,424 | €12,299 | +€9,875 | +407.5% |
| Gross operating margin | 9900 | €59,533 | €40,938 | -€18,595 | -31.2% |
| Operating profit (loss) | 9901 | €32,879 | €5,695 | -€27,183 | -82.7% |
| Financial income | 75/76B | €3,831 | €4,928 | +€1,097 | +28.6% |
| Recurring financial income | 75 | €3,831 | €4,928 | +€1,097 | +28.6% |
| Financial charges | 65/66B | €6,597 | €7,827 | +€1,229 | +18.6% |
| Recurring financial charges | 65 | €6,597 | €7,827 | +€1,229 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €30,113 | €2,796 | -€27,316 | -90.7% |
| Income taxes | 67/77 | €10,861 | €2,232 | -€8,629 | -79.5% |
| Profit (loss) for the period | 9904 | €19,252 | €565 | -€18,687 | -97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,252 | €565 | -€18,687 | -97.1% |
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 4 October 2026 via checked.be.