KLUZZ: 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.
KLUZZ
Largest movements
- Cash +€22,465
up €22,465 (+73.0%), from €30,757 to €53,222
mainly Depreciation (+€24,420) and Debts after one year (+€11,403)
- Tangible fixed assets +€12,389
up €12,389 (+10.6%), from €116,470 to €128,859
of which Furniture and vehicles: +€18,054
- Receivables within one year -€10,390
down €10,390 (-13.6%), from €76,386 to €65,996
of which Other amounts receivable: -€7,747
- Other debts -€12,320
down €12,320 (-100.0%), from €12,320 to €0
- Debts after one year +€11,403
up €11,403 (+20.0%), from €57,024 to €68,426
- Trade debts +€10,518
up €10,518 (+1142.6%), from €921 to €11,438
- Reserves +€8,822
up €8,822 (+7.5%), from €117,704 to €126,526
of which Distributable reserves: +€8,822
- Current portion of long-term debt +€6,519
up €6,519 (+39.9%), from €16,348 to €22,866
- Depreciation +€11,962
up €11,962 (+96.0%), from €12,458 to €24,420
- Gross operating margin -€8,743
down €8,743 (-16.8%), from €52,182 to €43,440
- Taxes -€5,918
down €5,918 (-59.8%), from €9,897 to €3,979
- Financial charges +€2,262
up €2,262 (+152.2%), from €1,486 to €3,748
- Other operating charges -€2,092
down €2,092 (-58.8%), from €3,560 to €1,468
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 | €223,613 | €248,078 | +€24,464 | +10.9% |
| Fixed assets | 21/28 | €116,470 | €128,859 | +€12,389 | +10.6% |
| Tangible fixed assets | 22/27 | €116,470 | €128,859 | +€12,389 | +10.6% |
| Land and buildings | 22 | €25,150 | €19,006 | -€6,144 | -24.4% |
| Plant, machinery and equipment | 23 | €12,940 | €13,419 | +€478 | +3.7% |
| Furniture and vehicles | 24 | €78,380 | €96,435 | +€18,054 | +23.0% |
| Current assets | 29/58 | €107,143 | €119,218 | +€12,075 | +11.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €76,386 | €65,996 | -€10,390 | -13.6% |
| Trade receivables | 40 | €15,544 | €12,901 | -€2,642 | -17.0% |
| Other amounts receivable | 41 | €60,842 | €53,095 | -€7,747 | -12.7% |
| Cash at bank and in hand | 54/58 | €30,757 | €53,222 | +€22,465 | +73.0% |
| Total equity and liabilities | 10/49 | €223,613 | €248,078 | +€24,464 | +10.9% |
| Equity | 10/15 | €136,304 | €145,126 | +€8,822 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,704 | €126,526 | +€8,822 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €115,844 | €124,666 | +€8,822 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,309 | €102,951 | +€15,642 | +17.9% |
| Amounts payable after more than one year | 17 | €57,024 | €68,426 | +€11,403 | +20.0% |
| Financial debts | 170/4 | €57,024 | €68,426 | +€11,403 | +20.0% |
| Amounts payable within one year | 42/48 | €30,285 | €34,525 | +€4,239 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €16,348 | €22,866 | +€6,519 | +39.9% |
| Trade debts | 44 | €921 | €11,438 | +€10,518 | +1142.6% |
| Suppliers | 440/4 | €921 | €11,438 | +€10,518 | +1142.6% |
| Taxes, remuneration and social security | 45 | €697 | €220 | -€477 | -68.5% |
| Taxes | 450/3 | €697 | €220 | -€477 | -68.5% |
| Other amounts payable | 47/48 | €12,320 | €0 | -€12,320 | -100.0% |
| Non-recurring operating income | 76A | €5,661 | €12,096 | +€6,435 | +113.7% |
| Remuneration, social security and pensions | 62 | €3,840 | €3,840 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,458 | €24,420 | +€11,962 | +96.0% |
| Other operating charges | 640/8 | €3,560 | €1,468 | -€2,092 | -58.8% |
| Gross operating margin | 9900 | €52,182 | €43,440 | -€8,743 | -16.8% |
| Operating profit (loss) | 9901 | €32,324 | €13,712 | -€18,612 | -57.6% |
| Financial income | 75/76B | €3,054 | €2,837 | -€217 | -7.1% |
| Recurring financial income | 75 | €3,054 | €2,837 | -€217 | -7.1% |
| Financial charges | 65/66B | €1,486 | €3,748 | +€2,262 | +152.2% |
| Recurring financial charges | 65 | €1,486 | €3,748 | +€2,262 | +152.2% |
| Profit (loss) for the period before taxes | 9903 | €33,892 | €12,801 | -€21,091 | -62.2% |
| Income taxes | 67/77 | €9,897 | €3,979 | -€5,918 | -59.8% |
| Profit (loss) for the period | 9904 | €23,995 | €8,822 | -€15,173 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,995 | €8,822 | -€15,173 | -63.2% |
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 28 September 2026 via checked.be.