K.A.L.M.: 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.
K.A.L.M.
Largest movements
- Cash -€371,469
down €371,469 (-67.6%), from €549,351 to €177,882
mainly Other debts (-€310,732) and Receivables within one year (-€55,481)
- Receivables within one year +€55,481
new in 2025: €55,481
- Other debts -€310,732
down €310,732 (-38.2%), from €813,683 to €502,951
- Financial income -€426,250
no longer reported in 2025 (was €426,250)
of which Financial income: -€426,250
- Other operating charges -€93
down €93 (-16.8%), from €555 to €462
- Gross operating margin -€53
down €53 (-1.4%), from -€3,757 to -€3,810
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 | €1,105,851 | €789,863 | -€315,988 | -28.6% |
| Fixed assets | 21/28 | €556,500 | €556,500 | = | 0.0% |
| Financial fixed assets | 28 | €556,500 | €556,500 | = | 0.0% |
| Current assets | 29/58 | €549,351 | €233,363 | -€315,988 | -57.5% |
| Amounts receivable within one year | 40/41 | - | €55,481 | +€55,481 | |
| Other amounts receivable | 41 | - | €55,481 | +€55,481 | |
| Cash at bank and in hand | 54/58 | €549,351 | €177,882 | -€371,469 | -67.6% |
| Total equity and liabilities | 10/49 | €1,105,851 | €789,863 | -€315,988 | -28.6% |
| Equity | 10/15 | €290,158 | €285,638 | -€4,520 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,698 | €265,178 | -€4,520 | -1.7% |
| Amounts payable | 17/49 | €815,693 | €504,226 | -€311,467 | -38.2% |
| Amounts payable within one year | 42/48 | €815,693 | €504,226 | -€311,467 | -38.2% |
| Trade debts | 44 | €2,010 | €1,275 | -€735 | -36.6% |
| Suppliers | 440/4 | €2,010 | €1,275 | -€735 | -36.6% |
| Other amounts payable | 47/48 | €813,683 | €502,951 | -€310,732 | -38.2% |
| Other operating charges | 640/8 | €555 | €462 | -€93 | -16.8% |
| Non-recurring operating charges | 66A | €135,909 | - | -€135,909 | |
| Gross operating margin | 9900 | -€3,757 | -€3,810 | -€53 | -1.4% |
| Operating profit (loss) | 9901 | -€140,221 | -€4,271 | +€135,949 | +97.0% |
| Financial income | 75/76B | €426,250 | - | -€426,250 | |
| Recurring financial income | 75 | €426,250 | - | -€426,250 | |
| Non-recurring financial income | 76B | €426,250 | - | -€426,250 | |
| Financial charges | 65/66B | €213 | €249 | +€36 | +16.8% |
| Recurring financial charges | 65 | €213 | €249 | +€36 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €285,816 | -€4,520 | -€290,336 | |
| Profit (loss) for the period | 9904 | €285,816 | -€4,520 | -€290,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €285,816 | -€4,520 | -€290,336 |
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 24 October 2026 via checked.be.