KALANDUS: 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.
KALANDUS
Largest movements
- Tangible fixed assets -€72,585
down €72,585 (-13.8%), from €525,089 to €452,504
of which Plant, machinery and equipment: -€72,585
- Cash -€34,939
down €34,939 (-67.2%), from €52,029 to €17,090
mainly Contributions, distributions and other (-€90,000) and Short-term financial debts (-€69,600)
- Short-term financial debts -€69,600
down €69,600 (-35.8%), from €194,600 to €125,000
of which Other loans: -€66,000
- Profit (loss) carried forward -€41,948
down €41,948 (-27.2%), from €154,496 to €112,548
- Accrued charges and deferred income +€9,095
up €9,095 (+204%), from €4,449 to €13,544
- Other debts -€7,626
no longer reported in 2026 (was €7,626)
- Gross operating margin +€11,119
up €11,119 (+7.8%), from €143,141 to €154,260
- Other operating charges -€8,457
down €8,457 (-47.0%), from €17,988 to €9,531
- Depreciation +€6,049
up €6,049 (+9.1%), from €66,536 to €72,585
- Taxes +€2,398
up €2,398 (+17.7%), from €13,558 to €15,956
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,840 | €471,092 | -€111,748 | -19.2% |
| Fixed assets | 21/28 | €528,311 | €452,504 | -€75,807 | -14.3% |
| Tangible fixed assets | 22/27 | €525,089 | €452,504 | -€72,585 | -13.8% |
| Land and buildings | 22 | €107,164 | €107,164 | = | 0.0% |
| Plant, machinery and equipment | 23 | €417,925 | €345,340 | -€72,585 | -17.4% |
| Financial fixed assets | 28 | €3,222 | - | -€3,222 | |
| Current assets | 29/58 | €54,529 | €18,588 | -€35,941 | -65.9% |
| Amounts receivable within one year | 40/41 | €2,500 | €1,498 | -€1,002 | -40.1% |
| Other amounts receivable | 41 | €2,500 | €1,498 | -€1,002 | -40.1% |
| Cash at bank and in hand | 54/58 | €52,029 | €17,090 | -€34,939 | -67.2% |
| Total equity and liabilities | 10/49 | €582,840 | €471,092 | -€111,748 | -19.2% |
| Equity | 10/15 | €374,496 | €332,548 | -€41,948 | -11.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,496 | €112,548 | -€41,948 | -27.2% |
| Amounts payable | 17/49 | €208,344 | €138,544 | -€69,800 | -33.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €203,895 | €125,000 | -€78,895 | -38.7% |
| Financial debts | 43 | €194,600 | €125,000 | -€69,600 | -35.8% |
| Credit institutions | 430/8 | €3,600 | - | -€3,600 | |
| Other loans | 439 | €191,000 | €125,000 | -€66,000 | -34.6% |
| Trade debts | 44 | €274 | - | -€274 | |
| Suppliers | 440/4 | €274 | - | -€274 | |
| Taxes, remuneration and social security | 45 | €1,395 | - | -€1,395 | |
| Taxes | 450/3 | €1,395 | - | -€1,395 | |
| Other amounts payable | 47/48 | €7,626 | - | -€7,626 | |
| Accrued charges and deferred income | 492/3 | €4,449 | €13,544 | +€9,095 | +204% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,536 | €72,585 | +€6,049 | +9.1% |
| Other operating charges | 640/8 | €17,988 | €9,531 | -€8,457 | -47.0% |
| Gross operating margin | 9900 | €143,141 | €154,260 | +€11,119 | +7.8% |
| Operating profit (loss) | 9901 | €58,617 | €72,144 | +€13,527 | +23.1% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €8,804 | €8,173 | -€631 | -7.2% |
| Recurring financial charges | 65 | €8,804 | €8,173 | -€631 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €49,813 | €64,008 | +€14,195 | +28.5% |
| Income taxes | 67/77 | €13,558 | €15,956 | +€2,398 | +17.7% |
| Profit (loss) for the period | 9904 | €36,255 | €48,052 | +€11,797 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,255 | €48,052 | +€11,797 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.