KALAMOS: 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.
KALAMOS
Largest movements
- Receivables within one year -€29,580
down €29,580 (-82.7%), from €35,783 to €6,204
- Tangible fixed assets -€8,979
down €8,979 (-15.9%), from €56,313 to €47,334
of which Other tangible fixed assets: -€8,184
- Accrued charges and deferred income -€45,415
down €45,415 (-97.5%), from €46,585 to €1,170
- Tax, wage and social debts -€10,224
down €10,224 (-19.4%), from €52,630 to €42,406
of which Remuneration and social security: -€5,304
- Reserves +€10,140
up €10,140 (+21.7%), from €46,825 to €56,965
of which Distributable reserves: +€12,000
- Gross operating margin -€47,204
down €47,204 (-38.4%), from €122,920 to €75,716
- Purchases and services -€17,752
down €17,752 (-5.4%), from €328,196 to €310,444
- Taxes -€14,682
down €14,682 (-71.1%), from €20,650 to €5,968
- Staff costs +€10,901
up €10,901 (+30.3%), from €35,990 to €46,891
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 | €409,944 | €368,563 | -€41,381 | -10.1% |
| Fixed assets | 21/28 | €58,155 | €48,321 | -€9,833 | -16.9% |
| Intangible fixed assets | 21 | €1,722 | €868 | -€854 | -49.6% |
| Tangible fixed assets | 22/27 | €56,313 | €47,334 | -€8,979 | -15.9% |
| Plant, machinery and equipment | 23 | €2,764 | €1,968 | -€796 | -28.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €53,549 | €45,366 | -€8,184 | -15.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €351,789 | €320,241 | -€31,548 | -9.0% |
| Stocks and contracts in progress | 3 | €196,396 | €197,012 | +€616 | +0.3% |
| Stocks | 30/36 | €196,396 | €197,012 | +€616 | +0.3% |
| Amounts receivable within one year | 40/41 | €35,783 | €6,204 | -€29,580 | -82.7% |
| Trade receivables | 40 | €35,783 | €6,204 | -€29,580 | -82.7% |
| Cash at bank and in hand | 54/58 | €116,151 | €116,073 | -€78 | -0.1% |
| Deferred charges and accrued income | 490/1 | €3,459 | €953 | -€2,506 | -72.5% |
| Total equity and liabilities | 10/49 | €409,944 | €368,563 | -€41,381 | -10.1% |
| Equity | 10/15 | €53,409 | €65,783 | +€12,375 | +23.2% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Outside capital | 11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Other | 1109/19 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €46,825 | €56,965 | +€10,140 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €44,965 | €56,965 | +€12,000 | +26.7% |
| Profit (loss) carried forward | 14 | €383 | €758 | +€375 | +97.8% |
| Amounts payable | 17/49 | €356,536 | €302,779 | -€53,756 | -15.1% |
| Amounts payable within one year | 42/48 | €309,951 | €301,610 | -€8,341 | -2.7% |
| Trade debts | 44 | €2,813 | €3,438 | +€625 | +22.2% |
| Suppliers | 440/4 | €2,813 | €3,438 | +€625 | +22.2% |
| Taxes, remuneration and social security | 45 | €52,630 | €42,406 | -€10,224 | -19.4% |
| Taxes | 450/3 | €44,329 | €39,408 | -€4,920 | -11.1% |
| Remuneration and social security | 454/9 | €8,301 | €2,997 | -€5,304 | -63.9% |
| Other amounts payable | 47/48 | €254,508 | €255,766 | +€1,258 | +0.5% |
| Accrued charges and deferred income | 492/3 | €46,585 | €1,170 | -€45,415 | -97.5% |
| Turnover | 70 | €329,090 | €329,752 | +€663 | +0.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €328,196 | €310,444 | -€17,752 | -5.4% |
| Remuneration, social security and pensions | 62 | €35,990 | €46,891 | +€10,901 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,685 | €9,833 | +€149 | +1.5% |
| Other operating charges | 640/8 | €3,062 | €1,687 | -€1,376 | -44.9% |
| Gross operating margin | 9900 | €122,920 | €75,716 | -€47,204 | -38.4% |
| Operating profit (loss) | 9901 | €74,183 | €17,305 | -€56,877 | -76.7% |
| Financial income | 75/76B | €1,167 | €2,394 | +€1,227 | +105.2% |
| Recurring financial income | 75 | €1,167 | €2,394 | +€1,227 | +105.2% |
| Financial charges | 65/66B | €1,160 | €1,357 | +€197 | +17.0% |
| Recurring financial charges | 65 | €1,160 | €1,357 | +€197 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €74,190 | €18,343 | -€55,847 | -75.3% |
| Income taxes | 67/77 | €20,650 | €5,968 | -€14,682 | -71.1% |
| Profit (loss) for the period | 9904 | €53,540 | €12,375 | -€41,165 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,540 | €12,375 | -€41,165 | -76.9% |
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 6 October 2026 via checked.be.