Kalamar: 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.
Kalamar
Largest movements
- Receivables within one year +€23,390
up €23,390 (+80.2%), from €29,174 to €52,563
of which Trade receivables: +€23,165
- Tangible fixed assets -€15,191
down €15,191 (-23.9%), from €63,566 to €48,375
of which Furniture and vehicles: -€11,477
- Cash -€13,269
down €13,269 (-13.2%), from €100,320 to €87,051
mainly Contributions, distributions and other (-€165,000) and Receivables within one year (-€23,390)
- Reserves -€165,000
down €165,000 (-99.5%), from €165,903 to €903
- Other debts +€140,250
up €140,250, from €0 to €140,250
- Tax, wage and social debts +€25,688
up €25,688 (+115%), from €22,433 to €48,121
- Profit (loss) carried forward -€5,403
new in 2025: -€5,403
- Financial charges +€40,064
up €40,064 (+16,553%), from €242 to €40,306
- Gross operating margin -€25,711
down €25,711 (-33.4%), from €77,034 to €51,323
- Taxes -€12,980
down €12,980 (-98.9%), from €13,129 to €149
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 | €193,654 | €190,513 | -€3,141 | -1.6% |
| Fixed assets | 21/28 | €63,566 | €48,375 | -€15,191 | -23.9% |
| Tangible fixed assets | 22/27 | €63,566 | €48,375 | -€15,191 | -23.9% |
| Furniture and vehicles | 24 | €33,852 | €22,375 | -€11,477 | -33.9% |
| Other tangible fixed assets | 26 | €29,714 | €26,000 | -€3,714 | -12.5% |
| Current assets | 29/58 | €130,088 | €142,138 | +€12,050 | +9.3% |
| Amounts receivable within one year | 40/41 | €29,174 | €52,563 | +€23,390 | +80.2% |
| Trade receivables | 40 | €28,314 | €51,479 | +€23,165 | +81.8% |
| Other amounts receivable | 41 | €860 | €1,085 | +€225 | +26.2% |
| Cash at bank and in hand | 54/58 | €100,320 | €87,051 | -€13,269 | -13.2% |
| Deferred charges and accrued income | 490/1 | €594 | €2,524 | +€1,929 | +325% |
| Total equity and liabilities | 10/49 | €193,654 | €190,513 | -€3,141 | -1.6% |
| Equity | 10/15 | €169,903 | -€500 | -€170,403 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €165,903 | €903 | -€165,000 | -99.5% |
| Distributable reserves | 133 | €165,903 | €903 | -€165,000 | -99.5% |
| Profit (loss) carried forward | 14 | - | -€5,403 | -€5,403 | |
| Amounts payable | 17/49 | €23,751 | €191,013 | +€167,262 | +704% |
| Amounts payable within one year | 42/48 | €23,751 | €191,013 | +€167,262 | +704% |
| Trade debts | 44 | €1,318 | €2,642 | +€1,324 | +100% |
| Suppliers | 440/4 | €1,318 | €2,642 | +€1,324 | +100% |
| Taxes, remuneration and social security | 45 | €22,433 | €48,121 | +€25,688 | +115% |
| Taxes | 450/3 | €22,433 | €48,121 | +€25,688 | +115% |
| Other amounts payable | 47/48 | €0 | €140,250 | +€140,250 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,191 | €15,191 | = | 0.0% |
| Other operating charges | 640/8 | €1,099 | €1,080 | -€19 | -1.8% |
| Gross operating margin | 9900 | €77,034 | €51,323 | -€25,711 | -33.4% |
| Operating profit (loss) | 9901 | €60,744 | €35,052 | -€25,692 | -42.3% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €242 | €40,306 | +€40,064 | +16,553% |
| Recurring financial charges | 65 | €242 | €40,306 | +€40,064 | +16,553% |
| Profit (loss) for the period before taxes | 9903 | €60,513 | -€5,254 | -€65,767 | |
| Income taxes | 67/77 | €13,129 | €149 | -€12,980 | -98.9% |
| Profit (loss) for the period | 9904 | €47,384 | -€5,403 | -€52,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,384 | -€5,403 | -€52,787 |
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 16 October 2026 via checked.be.