Kalarco: 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.
Kalarco
Largest movements
- Cash -€18,909
down €18,909 (-20.6%), from €91,761 to €72,852
mainly Contributions, distributions and other (-€53,108) and Other debts (-€23,124)
- Current investments +€8,857
up €8,857 (+17.0%), from €52,120 to €60,976
- Receivables within one year -€8,238
down €8,238 (-28.5%), from €28,863 to €20,625
of which Other amounts receivable: -€15,559
- Tangible fixed assets -€6,986
down €6,986 (-26.3%), from €26,581 to €19,595
of which Furniture and vehicles: -€5,587
- Deferred charges and accrued income +€2,760
up €2,760 (+187%), from €1,479 to €4,238
- Other debts -€23,124
down €23,124 (-30.0%), from €77,090 to €53,966
- Trade debts +€3,695
up €3,695 (+283%), from €1,307 to €5,002
- Tax, wage and social debts -€3,088
down €3,088 (-17.0%), from €18,205 to €15,117
- Gross operating margin -€26,938
down €26,938 (-26.2%), from €102,803 to €75,865
- Taxes -€6,177
down €6,177 (-29.5%), from €20,914 to €14,737
- Depreciation +€4,088
up €4,088 (+91.3%), from €4,477 to €8,565
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 | €200,803 | €178,287 | -€22,517 | -11.2% |
| Fixed assets | 21/28 | €26,581 | €19,595 | -€6,986 | -26.3% |
| Tangible fixed assets | 22/27 | €26,581 | €19,595 | -€6,986 | -26.3% |
| Furniture and vehicles | 24 | €21,052 | €15,464 | -€5,587 | -26.5% |
| Other tangible fixed assets | 26 | €5,529 | €4,131 | -€1,399 | -25.3% |
| Current assets | 29/58 | €174,222 | €158,691 | -€15,531 | -8.9% |
| Amounts receivable within one year | 40/41 | €28,863 | €20,625 | -€8,238 | -28.5% |
| Trade receivables | 40 | €13,304 | €20,625 | +€7,321 | +55.0% |
| Other amounts receivable | 41 | €15,559 | €0 | -€15,559 | -100% |
| Current investments | 50/53 | €52,120 | €60,976 | +€8,857 | +17.0% |
| Cash at bank and in hand | 54/58 | €91,761 | €72,852 | -€18,909 | -20.6% |
| Deferred charges and accrued income | 490/1 | €1,479 | €4,238 | +€2,760 | +187% |
| Total equity and liabilities | 10/49 | €200,803 | €178,287 | -€22,517 | -11.2% |
| Equity | 10/15 | €104,201 | €104,201 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €102,201 | €102,201 | = | 0.0% |
| Distributable reserves | 133 | €102,201 | €102,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,602 | €74,086 | -€22,517 | -23.3% |
| Amounts payable within one year | 42/48 | €96,602 | €74,086 | -€22,517 | -23.3% |
| Trade debts | 44 | €1,307 | €5,002 | +€3,695 | +283% |
| Suppliers | 440/4 | €1,307 | €5,002 | +€3,695 | +283% |
| Taxes, remuneration and social security | 45 | €18,205 | €15,117 | -€3,088 | -17.0% |
| Taxes | 450/3 | €18,205 | €15,117 | -€3,088 | -17.0% |
| Other amounts payable | 47/48 | €77,090 | €53,966 | -€23,124 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,477 | €8,565 | +€4,088 | +91.3% |
| Other operating charges | 640/8 | €528 | €607 | +€79 | +15.0% |
| Gross operating margin | 9900 | €102,803 | €75,865 | -€26,938 | -26.2% |
| Operating profit (loss) | 9901 | €97,798 | €66,693 | -€31,106 | -31.8% |
| Financial income | 75/76B | €702 | €1,227 | +€525 | +74.8% |
| Recurring financial income | 75 | €702 | €1,227 | +€525 | +74.8% |
| Financial charges | 65/66B | €496 | €75 | -€421 | -84.9% |
| Recurring financial charges | 65 | €496 | €75 | -€421 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €98,004 | €67,845 | -€30,159 | -30.8% |
| Income taxes | 67/77 | €20,914 | €14,737 | -€6,177 | -29.5% |
| Profit (loss) for the period | 9904 | €77,090 | €53,108 | -€23,982 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,090 | €53,108 | -€23,982 | -31.1% |
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 17 October 2026 via checked.be.