KALAO: 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.
KALAO
Largest movements
- Receivables within one year -€62,468
down €62,468 (-74.7%), from €83,638 to €21,169
- Tangible fixed assets +€23,429
up €23,429 (+302%), from €7,762 to €31,191
of which Furniture and vehicles: +€24,578
- Cash -€10,515
down €10,515 (-13.1%), from €80,067 to €69,553
mainly Contributions, distributions and other (-€351,400) and Investment in fixed assets (net) (-€27,789)
- Other debts +€111,741
new in 2025: €111,741
- Reserves -€108,920
no longer reported in 2025 (was €108,920)
- Profit (loss) carried forward -€98,250
no longer reported in 2025 (was €98,250)
- Tax, wage and social debts +€30,656
new in 2025: €30,656
- Current portion of long-term debt +€24,430
new in 2025: €24,430
- Gross operating margin +€131,238
up €131,238 (+225%), from €58,288 to €189,526
- Taxes +€27,105
up €27,105 (+175%), from €15,489 to €42,594
- Depreciation +€2,460
up €2,460 (+129%), from €1,901 to €4,360
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 | €221,482 | €169,827 | -€51,655 | -23.3% |
| Fixed assets | 21/28 | €7,812 | €31,241 | +€23,429 | +300% |
| Tangible fixed assets | 22/27 | €7,762 | €31,191 | +€23,429 | +302% |
| Plant, machinery and equipment | 23 | €1,151 | €340 | -€811 | -70.5% |
| Furniture and vehicles | 24 | €5,756 | €30,334 | +€24,578 | +427% |
| Other tangible fixed assets | 26 | €855 | €516 | -€339 | -39.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €213,670 | €138,586 | -€75,084 | -35.1% |
| Amounts receivable within one year | 40/41 | €83,638 | €21,169 | -€62,468 | -74.7% |
| Other amounts receivable | 41 | €83,638 | €21,169 | -€62,468 | -74.7% |
| Cash at bank and in hand | 54/58 | €80,067 | €69,553 | -€10,515 | -13.1% |
| Deferred charges and accrued income | 490/1 | €49,965 | €47,864 | -€2,101 | -4.2% |
| Total equity and liabilities | 10/49 | €221,482 | €169,827 | -€51,655 | -23.3% |
| Equity | 10/15 | €210,170 | €3,000 | -€207,170 | -98.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,920 | - | -€108,920 | |
| Distributable reserves | 133 | €108,920 | - | -€108,920 | |
| Profit (loss) carried forward | 14 | €98,250 | - | -€98,250 | |
| Amounts payable | 17/49 | €11,312 | €166,827 | +€155,515 | +1,375% |
| Amounts payable within one year | 42/48 | €11,312 | €166,827 | +€155,515 | +1,375% |
| Current portion of amounts payable after more than one year | 42 | - | €24,430 | +€24,430 | |
| Trade debts | 44 | €11,312 | - | -€11,312 | |
| Suppliers | 440/4 | €11,312 | - | -€11,312 | |
| Taxes, remuneration and social security | 45 | - | €30,656 | +€30,656 | |
| Taxes | 450/3 | - | €30,656 | +€30,656 | |
| Other amounts payable | 47/48 | - | €111,741 | +€111,741 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,901 | €4,360 | +€2,460 | +129% |
| Other operating charges | 640/8 | - | €259 | +€259 | |
| Gross operating margin | 9900 | €58,288 | €189,526 | +€131,238 | +225% |
| Operating profit (loss) | 9901 | €56,387 | €184,907 | +€128,520 | +228% |
| Financial income | 75/76B | €4,150 | €3,664 | -€486 | -11.7% |
| Recurring financial income | 75 | €4,150 | €3,664 | -€486 | -11.7% |
| Financial charges | 65/66B | €341 | €1,747 | +€1,406 | +413% |
| Recurring financial charges | 65 | €341 | €1,747 | +€1,406 | +413% |
| Profit (loss) for the period before taxes | 9903 | €60,197 | €186,824 | +€126,627 | +210% |
| Income taxes | 67/77 | €15,489 | €42,594 | +€27,105 | +175% |
| Profit (loss) for the period | 9904 | €44,708 | €144,230 | +€99,522 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €44,708 | €144,230 | +€99,522 | +223% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.