KLUYSKENS SEBASTIEN: 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.
KLUYSKENS SEBASTIEN
Largest movements
- Tangible fixed assets -€57,925
down €57,925 (-21.1%), from €274,547 to €216,622
of which Furniture and vehicles: -€46,982
- Receivables within one year +€14,621
up €14,621 (+36.2%), from €40,428 to €55,049
- Cash -€6,542
down €6,542 (-77.9%), from €8,393 to €1,851
mainly Debts after one year (-€58,240) and Receivables within one year (-€14,621)
- Debts after one year -€58,240
down €58,240 (-35.7%), from €162,961 to €104,721
- Trade debts -€11,874
down €11,874 (-33.7%), from €35,252 to €23,378
- Other debts +€11,587
up €11,587 (+9.0%), from €129,229 to €140,816
- Short-term financial debts +€5,005
new in 2025: €5,005
- Accrued charges and deferred income +€3,736
new in 2025: €3,736
- Staff costs +€18,085
up €18,085 (+15.2%), from €118,739 to €136,824
- Depreciation -€6,870
down €6,870 (-10.7%), from €63,930 to €57,059
- Gross operating margin +€6,494
up €6,494 (+3.2%), from €203,398 to €209,892
- Other operating charges -€3,611
down €3,611 (-87.8%), from €4,115 to €504
- Financial charges +€3,432
up €3,432 (+34.5%), from €9,949 to €13,381
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 | €324,529 | €274,493 | -€50,036 | -15.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €274,910 | €216,985 | -€57,925 | -21.1% |
| Tangible fixed assets | 22/27 | €274,547 | €216,622 | -€57,925 | -21.1% |
| Land and buildings | 22 | €57,487 | €53,201 | -€4,286 | -7.5% |
| Plant, machinery and equipment | 23 | €92,733 | €90,369 | -€2,364 | -2.5% |
| Furniture and vehicles | 24 | €99,654 | €52,672 | -€46,982 | -47.1% |
| Other tangible fixed assets | 26 | €24,673 | €20,380 | -€4,293 | -17.4% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €49,619 | €57,508 | +€7,889 | +15.9% |
| Amounts receivable within one year | 40/41 | €40,428 | €55,049 | +€14,621 | +36.2% |
| Trade receivables | 40 | €40,428 | €55,049 | +€14,621 | +36.2% |
| Cash at bank and in hand | 54/58 | €8,393 | €1,851 | -€6,542 | -77.9% |
| Deferred charges and accrued income | 490/1 | €798 | €608 | -€190 | -23.8% |
| Total equity and liabilities | 10/49 | €324,529 | €274,493 | -€50,036 | -15.4% |
| Equity | 10/15 | -€90,821 | -€88,698 | +€2,123 | +2.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,821 | -€188,698 | +€2,123 | +1.1% |
| Amounts payable | 17/49 | €415,350 | €363,191 | -€52,159 | -12.6% |
| Amounts payable after more than one year | 17 | €162,961 | €104,721 | -€58,240 | -35.7% |
| Financial debts | 170/4 | €162,961 | €104,721 | -€58,240 | -35.7% |
| Amounts payable within one year | 42/48 | €252,390 | €254,734 | +€2,344 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €62,360 | €59,978 | -€2,383 | -3.8% |
| Financial debts | 43 | - | €5,005 | +€5,005 | |
| Credit institutions | 430/8 | - | €5,005 | +€5,005 | |
| Trade debts | 44 | €35,252 | €23,378 | -€11,874 | -33.7% |
| Suppliers | 440/4 | €35,252 | €23,378 | -€11,874 | -33.7% |
| Taxes, remuneration and social security | 45 | €25,549 | €25,558 | +€9 | 0.0% |
| Taxes | 450/3 | €10,589 | €7,345 | -€3,244 | -30.6% |
| Remuneration and social security | 454/9 | €14,960 | €18,213 | +€3,254 | +21.7% |
| Other amounts payable | 47/48 | €129,229 | €140,816 | +€11,587 | +9.0% |
| Accrued charges and deferred income | 492/3 | - | €3,736 | +€3,736 | |
| Remuneration, social security and pensions | 62 | €118,739 | €136,824 | +€18,085 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,930 | €57,059 | -€6,870 | -10.7% |
| Other operating charges | 640/8 | €4,115 | €504 | -€3,611 | -87.8% |
| Gross operating margin | 9900 | €203,398 | €209,892 | +€6,494 | +3.2% |
| Operating profit (loss) | 9901 | €16,614 | €15,504 | -€1,110 | -6.7% |
| Financial income | 75/76B | €404 | €0 | -€404 | -100.0% |
| Recurring financial income | 75 | €404 | €0 | -€404 | -100.0% |
| Financial charges | 65/66B | €9,949 | €13,381 | +€3,432 | +34.5% |
| Recurring financial charges | 65 | €9,949 | €13,381 | +€3,432 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €7,069 | €2,123 | -€4,946 | -70.0% |
| Profit (loss) for the period | 9904 | €7,069 | €2,123 | -€4,946 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,069 | €2,123 | -€4,946 | -70.0% |
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 30 October 2026 via checked.be.