KALANTARI MATHIAS: what changed
KALANTARI MATHIAS
Largest movements
- Current investments +€96,253
up €96,253 (+54.8%), from €175,800 to €272,053
- Cash -€31,108
down €31,108 (-11.7%), from €265,543 to €234,434
mainly Contributions, distributions and other (-€130,000) and Current investments (-€96,253)
- Tangible fixed assets -€27,475
down €27,475 (-5.7%), from €485,694 to €458,218
of which Land and buildings: -€22,571
- Deferred charges and accrued income +€11,053
up €11,053 (+673%), from €1,643 to €12,695
- Other debts +€40,000
up €40,000 (+42.9%), from €93,300 to €133,300
- Reserves +€10,655
up €10,655 (+1.3%), from €803,000 to €813,655
of which Distributable reserves: +€10,655
- Tax, wage and social debts -€10,077
down €10,077 (-69.3%), from €14,549 to €4,472
- Gross operating margin -€38,207
down €38,207 (-13.4%), from €285,671 to €247,464
- Financial charges -€9,588
down €9,588, from €5,963 to -€3,625
- Taxes -€6,407
down €6,407 (-8.9%), from €71,671 to €65,264
- Other operating charges +€5,382
new in 2025: €5,382
- Financial income +€5,068
up €5,068 (+431%), from €1,176 to €6,245
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €943,278 | €984,297 | +€41,018 | +4.3% |
| Fixed assets | 21/28 | €485,694 | €458,218 | -€27,475 | -5.7% |
| Tangible fixed assets | 22/27 | €485,694 | €458,218 | -€27,475 | -5.7% |
| Land and buildings | 22 | €432,588 | €410,017 | -€22,571 | -5.2% |
| Plant, machinery and equipment | 23 | €37,055 | €44,055 | +€7,000 | +18.9% |
| Furniture and vehicles | 24 | €16,050 | €4,146 | -€11,904 | -74.2% |
| Current assets | 29/58 | €457,584 | €526,078 | +€68,494 | +15.0% |
| Amounts receivable within one year | 40/41 | €14,599 | €6,896 | -€7,703 | -52.8% |
| Other amounts receivable | 41 | €14,599 | €6,896 | -€7,703 | -52.8% |
| Current investments | 50/53 | €175,800 | €272,053 | +€96,253 | +54.8% |
| Cash at bank and in hand | 54/58 | €265,543 | €234,434 | -€31,108 | -11.7% |
| Deferred charges and accrued income | 490/1 | €1,643 | €12,695 | +€11,053 | +673% |
| Total equity and liabilities | 10/49 | €943,278 | €984,297 | +€41,018 | +4.3% |
| Equity | 10/15 | €833,560 | €844,214 | +€10,655 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €803,000 | €813,655 | +€10,655 | +1.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €801,000 | €811,655 | +€10,655 | +1.3% |
| Profit (loss) carried forward | 14 | €27,560 | €27,560 | = | 0.0% |
| Amounts payable | 17/49 | €109,719 | €140,082 | +€30,364 | +27.7% |
| Amounts payable within one year | 42/48 | €107,849 | €138,132 | +€30,284 | +28.1% |
| Trade debts | 44 | - | €361 | +€361 | |
| Suppliers | 440/4 | - | €361 | +€361 | |
| Taxes, remuneration and social security | 45 | €14,549 | €4,472 | -€10,077 | -69.3% |
| Taxes | 450/3 | €14,549 | €4,472 | -€10,077 | -69.3% |
| Other amounts payable | 47/48 | €93,300 | €133,300 | +€40,000 | +42.9% |
| Accrued charges and deferred income | 492/3 | €1,870 | €1,950 | +€80 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,458 | €46,033 | -€425 | -0.9% |
| Other operating charges | 640/8 | - | €5,382 | +€5,382 | |
| Gross operating margin | 9900 | €285,671 | €247,464 | -€38,207 | -13.4% |
| Operating profit (loss) | 9901 | €239,213 | €196,049 | -€43,164 | -18.0% |
| Financial income | 75/76B | €1,176 | €6,245 | +€5,068 | +431% |
| Recurring financial income | 75 | €1,176 | €6,245 | +€5,068 | +431% |
| Financial charges | 65/66B | €5,963 | -€3,625 | -€9,588 | |
| Recurring financial charges | 65 | €5,963 | -€3,625 | -€9,588 | |
| Profit (loss) for the period before taxes | 9903 | €234,426 | €205,918 | -€28,507 | -12.2% |
| Income taxes | 67/77 | €71,671 | €65,264 | -€6,407 | -8.9% |
| Profit (loss) for the period | 9904 | €162,755 | €140,655 | -€22,100 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,755 | €140,655 | -€22,100 | -13.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.