'T KLUIZEBOS: 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.
'T KLUIZEBOS
Largest movements
- Cash -€548,352
down €548,352 (-42.7%), from €1.3m to €734,708
mainly Debts after one year (-€301,052) and Investment in fixed assets (net) (-€266,007)
- Tangible fixed assets +€137,677
up €137,677 (+13.9%), from €988,362 to €1.1m
of which Plant, machinery and equipment: +€211,020
- Debts after one year -€301,052
down €301,052 (-39.1%), from €769,717 to €468,665
of which Financial debts: -€266,666
- Reserves -€127,463
down €127,463 (-9.3%), from €1.4m to €1.2m
of which Distributable reserves: -€103,866
- Trade debts +€36,758
up €36,758 (+2.8%), from €1.3m to €1.4m
- Gross operating margin -€1.3m
down €1.3m (-95.9%), from €1.4m to €55,934
- Taxes -€205,858
no longer reported in 2025 (was €205,858)
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 | €3,622,938 | €3,224,735 | -€398,202 | -11.0% |
| Fixed assets | 21/28 | €990,366 | €1,127,735 | +€137,369 | +13.9% |
| Tangible fixed assets | 22/27 | €988,362 | €1,126,039 | +€137,677 | +13.9% |
| Land and buildings | 22 | €584,150 | €524,063 | -€60,087 | -10.3% |
| Plant, machinery and equipment | 23 | €371,073 | €582,093 | +€211,020 | +56.9% |
| Furniture and vehicles | 24 | €33,139 | €19,883 | -€13,256 | -40.0% |
| Financial fixed assets | 28 | €2,005 | €1,696 | -€308 | -15.4% |
| Current assets | 29/58 | €2,632,572 | €2,097,000 | -€535,571 | -20.3% |
| Amounts receivable within one year | 40/41 | €1,343,653 | €1,356,187 | +€12,534 | +0.9% |
| Trade receivables | 40 | €1,232,785 | €1,244,240 | +€11,455 | +0.9% |
| Other amounts receivable | 41 | €110,869 | €111,947 | +€1,078 | +1.0% |
| Cash at bank and in hand | 54/58 | €1,283,060 | €734,708 | -€548,352 | -42.7% |
| Deferred charges and accrued income | 490/1 | €5,858 | €6,105 | +€247 | +4.2% |
| Total equity and liabilities | 10/49 | €3,622,938 | €3,224,735 | -€398,202 | -11.0% |
| Equity | 10/15 | €1,464,532 | €1,337,069 | -€127,463 | -8.7% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €1,365,375 | €1,237,912 | -€127,463 | -9.3% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,607 | €118,011 | -€23,596 | -16.7% |
| Distributable reserves | 133 | €1,213,851 | €1,109,985 | -€103,866 | -8.6% |
| Provisions and deferred taxes | 16 | €47,203 | €39,337 | -€7,865 | -16.7% |
| Deferred taxes | 168 | €47,203 | €39,337 | -€7,865 | -16.7% |
| Amounts payable | 17/49 | €2,111,203 | €1,848,329 | -€262,874 | -12.5% |
| Amounts payable after more than one year | 17 | €769,717 | €468,665 | -€301,052 | -39.1% |
| Financial debts | 170/4 | €266,666 | - | -€266,666 | |
| Other amounts payable | 178/9 | €503,051 | €468,665 | -€34,386 | -6.8% |
| Amounts payable within one year | 42/48 | €1,341,306 | €1,379,664 | +€38,358 | +2.9% |
| Trade debts | 44 | €1,330,307 | €1,367,065 | +€36,758 | +2.8% |
| Suppliers | 440/4 | €1,330,307 | €1,367,065 | +€36,758 | +2.8% |
| Taxes, remuneration and social security | 45 | €11,000 | €12,600 | +€1,600 | +14.5% |
| Taxes | 450/3 | €5,841 | €6,145 | +€304 | +5.2% |
| Remuneration and social security | 454/9 | €5,159 | €6,455 | +€1,296 | +25.1% |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Non-recurring operating income | 76A | €1,696,723 | €397,658 | -€1.3m | -76.6% |
| Remuneration, social security and pensions | 62 | €60,386 | €55,386 | -€5,001 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,147 | €128,638 | +€8,491 | +7.1% |
| Other operating charges | 640/8 | €9,450 | €7,058 | -€2,392 | -25.3% |
| Non-recurring operating charges | 66A | €6,559 | - | -€6,559 | |
| Gross operating margin | 9900 | €1,375,295 | €55,934 | -€1.3m | -95.9% |
| Operating profit (loss) | 9901 | €1,178,752 | -€135,148 | -€1.3m | |
| Financial income | 75/76B | €1,380 | €195 | -€1,185 | -85.9% |
| Recurring financial income | 75 | €1,380 | €195 | -€1,185 | -85.9% |
| Financial charges | 65/66B | €2,515 | €375 | -€2,139 | -85.1% |
| Recurring financial charges | 65 | €2,515 | €375 | -€2,139 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €1,177,617 | -€135,328 | -€1.3m | |
| Transfer from deferred taxes | 780 | €7,865 | €7,865 | = | 0.0% |
| Income taxes | 67/77 | €205,858 | - | -€205,858 | |
| Profit (loss) for the period | 9904 | €979,625 | -€127,463 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | €23,596 | €23,596 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,003,221 | -€103,866 | -€1.1m |
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 8 October 2026 via checked.be.