Klusser Bart: 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.
Klusser Bart
Largest movements
- Cash +€98,220
up €98,220 (+169.2%), from €58,041 to €156,262
mainly Net result for the year (+€124,827) and Depreciation (+€77,265)
- Tangible fixed assets -€20,601
down €20,601 (-8.1%), from €255,609 to €235,007
of which Furniture and vehicles: -€39,471
- Profit (loss) carried forward +€103,827
up €103,827 (+76.9%), from €135,003 to €238,830
- Other debts -€46,679
down €46,679 (-65.3%), from €71,430 to €24,751
- Tax, wage and social debts +€26,525
up €26,525 (+66.7%), from €39,785 to €66,310
- Current portion of long-term debt +€10,901
up €10,901 (+37.2%), from €29,289 to €40,190
- Advances received -€7,591
down €7,591 (-72.8%), from €10,421 to €2,830
- Gross operating margin -€67,816
down €67,816 (-22.3%), from €303,541 to €235,724
- Depreciation -€32,041
down €32,041 (-29.3%), from €109,305 to €77,265
- Taxes -€8,574
down €8,574 (-24.1%), from €35,634 to €27,060
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 | €381,489 | €462,729 | +€81,240 | +21.3% |
| Fixed assets | 21/28 | €255,744 | €235,142 | -€20,601 | -8.1% |
| Tangible fixed assets | 22/27 | €255,609 | €235,007 | -€20,601 | -8.1% |
| Plant, machinery and equipment | 23 | €52,375 | €77,242 | +€24,868 | +47.5% |
| Furniture and vehicles | 24 | €185,749 | €146,279 | -€39,471 | -21.2% |
| Leasing and similar rights | 25 | €10,644 | €5,344 | -€5,300 | -49.8% |
| Other tangible fixed assets | 26 | €6,841 | €6,143 | -€698 | -10.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €125,745 | €227,586 | +€101,841 | +81.0% |
| Stocks and contracts in progress | 3 | €39,758 | €43,975 | +€4,216 | +10.6% |
| Stocks | 30/36 | €39,758 | €43,975 | +€4,216 | +10.6% |
| Amounts receivable within one year | 40/41 | €21,961 | €19,551 | -€2,410 | -11.0% |
| Trade receivables | 40 | €19,287 | €16,717 | -€2,570 | -13.3% |
| Other amounts receivable | 41 | €2,674 | €2,834 | +€161 | +6.0% |
| Cash at bank and in hand | 54/58 | €58,041 | €156,262 | +€98,220 | +169.2% |
| Deferred charges and accrued income | 490/1 | €5,985 | €7,799 | +€1,814 | +30.3% |
| Total equity and liabilities | 10/49 | €381,489 | €462,729 | +€81,240 | +21.3% |
| Equity | 10/15 | €140,003 | €243,830 | +€103,827 | +74.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,003 | €238,830 | +€103,827 | +76.9% |
| Amounts payable | 17/49 | €241,486 | €218,899 | -€22,587 | -9.4% |
| Amounts payable after more than one year | 17 | €78,537 | €74,874 | -€3,664 | -4.7% |
| Financial debts | 170/4 | €78,537 | €74,874 | -€3,664 | -4.7% |
| Amounts payable within one year | 42/48 | €162,949 | €143,954 | -€18,995 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €29,289 | €40,190 | +€10,901 | +37.2% |
| Trade debts | 44 | €12,024 | €9,873 | -€2,151 | -17.9% |
| Suppliers | 440/4 | €12,024 | €9,873 | -€2,151 | -17.9% |
| Advances received on contracts in progress | 46 | €10,421 | €2,830 | -€7,591 | -72.8% |
| Taxes, remuneration and social security | 45 | €39,785 | €66,310 | +€26,525 | +66.7% |
| Taxes | 450/3 | €39,785 | €66,310 | +€26,525 | +66.7% |
| Other amounts payable | 47/48 | €71,430 | €24,751 | -€46,679 | -65.3% |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,305 | €77,265 | -€32,041 | -29.3% |
| Other operating charges | 640/8 | €1,204 | €747 | -€456 | -37.9% |
| Gross operating margin | 9900 | €303,541 | €235,724 | -€67,816 | -22.3% |
| Operating profit (loss) | 9901 | €193,032 | €157,712 | -€35,319 | -18.3% |
| Financial income | 75/76B | €189 | €203 | +€14 | +7.5% |
| Recurring financial income | 75 | €189 | €203 | +€14 | +7.5% |
| Financial charges | 65/66B | €7,584 | €6,028 | -€1,556 | -20.5% |
| Recurring financial charges | 65 | €7,584 | €6,028 | -€1,556 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €185,637 | €151,887 | -€33,750 | -18.2% |
| Income taxes | 67/77 | €35,634 | €27,060 | -€8,574 | -24.1% |
| Profit (loss) for the period | 9904 | €150,003 | €124,827 | -€25,176 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €150,003 | €124,827 | -€25,176 | -16.8% |
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 9 October 2026 via checked.be.