Kalahari: 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.
Kalahari
Largest movements
- Receivables within one year -€50,631
down €50,631 (-21.1%), from €240,378 to €189,747
of which Trade receivables: -€51,219
- Tangible fixed assets -€17,319
down €17,319 (-9.2%), from €188,006 to €170,687
of which Leasing and similar rights: -€15,069
- Profit (loss) carried forward -€48,277
down €48,277 (-34.9%), from €138,265 to €89,988
- Other debts -€28,477
down €28,477 (-19.7%), from €144,609 to €116,132
- Trade debts +€5,221
up €5,221 (+48.0%), from €10,884 to €16,105
- Gross operating margin +€38,343
up €38,343, from -€24,465 to €13,878
- Staff costs +€11,476
up €11,476 (+35.7%), from €32,184 to €43,660
- Other operating charges -€8,147
down €8,147 (-87.4%), from €9,319 to €1,172
- Financial income -€7,541
down €7,541 (-100%), from €7,541 to €0
- Taxes -€5,159
down €5,159 (-100%), from €5,159 to €0
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 | €445,886 | €376,787 | -€69,099 | -15.5% |
| Fixed assets | 21/28 | €188,006 | €170,687 | -€17,319 | -9.2% |
| Tangible fixed assets | 22/27 | €188,006 | €170,687 | -€17,319 | -9.2% |
| Plant, machinery and equipment | 23 | €8,439 | €6,271 | -€2,168 | -25.7% |
| Furniture and vehicles | 24 | €409 | €327 | -€82 | -20.0% |
| Leasing and similar rights | 25 | €179,158 | €164,088 | -€15,069 | -8.4% |
| Current assets | 29/58 | €257,880 | €206,100 | -€51,780 | -20.1% |
| Stocks and contracts in progress | 3 | €4,192 | €3,431 | -€761 | -18.1% |
| Stocks | 30/36 | €4,192 | €3,431 | -€761 | -18.1% |
| Amounts receivable within one year | 40/41 | €240,378 | €189,747 | -€50,631 | -21.1% |
| Trade receivables | 40 | €239,200 | €187,982 | -€51,219 | -21.4% |
| Other amounts receivable | 41 | €1,178 | €1,765 | +€587 | +49.9% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,270 | €733 | -€1,537 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,039 | €2,189 | +€1,150 | +111% |
| Total equity and liabilities | 10/49 | €445,886 | €376,787 | -€69,099 | -15.5% |
| Equity | 10/15 | €284,555 | €236,278 | -€48,277 | -17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €127,690 | €127,690 | = | 0.0% |
| 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 | €125,830 | €125,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,265 | €89,988 | -€48,277 | -34.9% |
| Amounts payable | 17/49 | €161,331 | €140,509 | -€20,822 | -12.9% |
| Amounts payable within one year | 42/48 | €161,331 | €140,509 | -€20,822 | -12.9% |
| Trade debts | 44 | €10,884 | €16,105 | +€5,221 | +48.0% |
| Suppliers | 440/4 | €10,884 | €16,105 | +€5,221 | +48.0% |
| Taxes, remuneration and social security | 45 | €5,838 | €8,272 | +€2,434 | +41.7% |
| Taxes | 450/3 | €829 | €1,426 | +€597 | +72.0% |
| Remuneration and social security | 454/9 | €5,009 | €6,847 | +€1,838 | +36.7% |
| Other amounts payable | 47/48 | €144,609 | €116,132 | -€28,477 | -19.7% |
| Remuneration, social security and pensions | 62 | €32,184 | €43,660 | +€11,476 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,319 | €17,319 | +€0 | 0.0% |
| Other operating charges | 640/8 | €9,319 | €1,172 | -€8,147 | -87.4% |
| Gross operating margin | 9900 | -€24,465 | €13,878 | +€38,343 | |
| Operating profit (loss) | 9901 | -€83,287 | -€48,273 | +€35,014 | +42.0% |
| Financial income | 75/76B | €7,541 | €0 | -€7,541 | -100% |
| Recurring financial income | 75 | €7,541 | €0 | -€7,541 | -100% |
| Financial charges | 65/66B | €897 | €4 | -€893 | -99.6% |
| Recurring financial charges | 65 | €897 | €4 | -€893 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | -€76,643 | -€48,277 | +€28,366 | +37.0% |
| Income taxes | 67/77 | €5,159 | €0 | -€5,159 | -100% |
| Profit (loss) for the period | 9904 | -€81,802 | -€48,277 | +€33,525 | +41.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,802 | -€48,277 | +€33,525 | +41.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.