Kalak Group: 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.
Kalak Group
Largest movements
- Tangible fixed assets +€70,568
up €70,568 (+285%), from €24,754 to €95,322
of which Plant, machinery and equipment: +€79,953
- Cash -€31,912
no longer reported in 2025 (was €31,912)
mainly Investment in fixed assets (net) (-€81,976) and Trade debts (-€3,962)
- Receivables within one year -€19,863
down €19,863 (-40.8%), from €48,704 to €28,841
- Profit (loss) carried forward +€12,384
up €12,384 (+26.8%), from €46,288 to €58,671
- Tax, wage and social debts +€5,340
up €5,340 (+84.6%), from €6,313 to €11,653
- Current portion of long-term debt +€4,526
new in 2025: €4,526
- Trade debts -€3,962
down €3,962 (-22.5%), from €17,594 to €13,631
- Turnover -€25,787
down €25,787 (-16.9%), from €152,892 to €127,105
- Gross operating margin +€9,347
up €9,347 (+28.3%), from €33,036 to €42,383
- Staff costs +€8,624
new in 2025: €8,624
- Taxes -€5,327
down €5,327 (-49.9%), from €10,667 to €5,340
- Purchases and services -€5,081
down €5,081 (-4.0%), from €127,561 to €122,480
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 | €106,297 | €124,585 | +€18,288 | +17.2% |
| Formation expenses | 20 | €928 | €422 | -€506 | -54.5% |
| Fixed assets | 21/28 | €24,754 | €95,322 | +€70,568 | +285% |
| Tangible fixed assets | 22/27 | €24,754 | €95,322 | +€70,568 | +285% |
| Plant, machinery and equipment | 23 | - | €79,953 | +€79,953 | |
| Furniture and vehicles | 24 | €24,754 | €15,369 | -€9,385 | -37.9% |
| Current assets | 29/58 | €80,615 | €28,841 | -€51,774 | -64.2% |
| Amounts receivable within one year | 40/41 | €48,704 | €28,841 | -€19,863 | -40.8% |
| Other amounts receivable | 41 | €48,704 | €28,841 | -€19,863 | -40.8% |
| Cash at bank and in hand | 54/58 | €31,912 | - | -€31,912 | |
| Total equity and liabilities | 10/49 | €106,297 | €124,585 | +€18,288 | +17.2% |
| Equity | 10/15 | €66,288 | €78,671 | +€12,384 | +18.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,288 | €58,671 | +€12,384 | +26.8% |
| Amounts payable | 17/49 | €40,010 | €45,914 | +€5,904 | +14.8% |
| Amounts payable after more than one year | 17 | €16,103 | €16,103 | = | 0.0% |
| Financial debts | 170/4 | €16,103 | €16,103 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,906 | €29,810 | +€5,904 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,526 | +€4,526 | |
| Trade debts | 44 | €17,594 | €13,631 | -€3,962 | -22.5% |
| Suppliers | 440/4 | €17,594 | €13,631 | -€3,962 | -22.5% |
| Taxes, remuneration and social security | 45 | €6,313 | €11,653 | +€5,340 | +84.6% |
| Taxes | 450/3 | €6,313 | €11,653 | +€5,340 | +84.6% |
| Turnover | 70 | €152,892 | €127,105 | -€25,787 | -16.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €127,561 | €122,480 | -€5,081 | -4.0% |
| Remuneration, social security and pensions | 62 | - | €8,624 | +€8,624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,430 | €11,914 | -€3,516 | -22.8% |
| Other operating charges | 640/8 | €838 | €368 | -€471 | -56.1% |
| Gross operating margin | 9900 | €33,036 | €42,383 | +€9,347 | +28.3% |
| Operating profit (loss) | 9901 | €16,768 | €21,478 | +€4,710 | +28.1% |
| Financial charges | 65/66B | €705 | €3,754 | +€3,049 | +433% |
| Recurring financial charges | 65 | €705 | €3,754 | +€3,049 | +433% |
| Profit (loss) for the period before taxes | 9903 | €16,063 | €17,724 | +€1,661 | +10.3% |
| Income taxes | 67/77 | €10,667 | €5,340 | -€5,327 | -49.9% |
| Profit (loss) for the period | 9904 | €5,396 | €12,384 | +€6,988 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €5,396 | €12,384 | +€6,988 | +130% |
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 25 October 2026 via checked.be.