KALARO: 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.
KALARO
Largest movements
- Cash +€65,380
up €65,380 (+27.8%), from €235,017 to €300,396
mainly Net result for the year (+€51,589) and Other debts (+€26,887)
- Tangible fixed assets -€16,264
down €16,264 (-6.9%), from €234,854 to €218,590
of which Other tangible fixed assets: -€8,191
- Other debts +€26,887
up €26,887 (+206.9%), from €12,996 to €39,883
- Profit (loss) carried forward +€15,589
up €15,589 (+3.5%), from €441,341 to €456,930
- Gross operating margin -€30,003
down €30,003 (-25.7%), from €116,721 to €86,718
- Taxes -€5,335
down €5,335 (-25.6%), from €20,845 to €15,510
- Depreciation -€2,536
down €2,536 (-13.5%), from €18,800 to €16,264
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 | €492,861 | €541,976 | +€49,116 | +10.0% |
| Fixed assets | 21/28 | €234,854 | €218,590 | -€16,264 | -6.9% |
| Tangible fixed assets | 22/27 | €234,854 | €218,590 | -€16,264 | -6.9% |
| Land and buildings | 22 | €55,000 | €55,000 | = | 0.0% |
| Furniture and vehicles | 24 | €8,671 | €599 | -€8,073 | -93.1% |
| Other tangible fixed assets | 26 | €171,183 | €162,991 | -€8,191 | -4.8% |
| Current assets | 29/58 | €258,007 | €323,386 | +€65,380 | +25.3% |
| Amounts receivable within one year | 40/41 | €22,990 | €22,990 | = | 0.0% |
| Trade receivables | 40 | €22,990 | €22,990 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €235,017 | €300,396 | +€65,380 | +27.8% |
| Total equity and liabilities | 10/49 | €492,861 | €541,976 | +€49,116 | +10.0% |
| Equity | 10/15 | €461,801 | €477,390 | +€15,589 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €441,341 | €456,930 | +€15,589 | +3.5% |
| Amounts payable | 17/49 | €31,060 | €64,586 | +€33,526 | +107.9% |
| Amounts payable within one year | 42/48 | €30,260 | €63,786 | +€33,526 | +110.8% |
| Trade debts | 44 | €1,181 | €4,007 | +€2,826 | +239.3% |
| Suppliers | 440/4 | €1,181 | €4,007 | +€2,826 | +239.3% |
| Taxes, remuneration and social security | 45 | €16,083 | €19,896 | +€3,813 | +23.7% |
| Taxes | 450/3 | €16,083 | €19,896 | +€3,813 | +23.7% |
| Other amounts payable | 47/48 | €12,996 | €39,883 | +€26,887 | +206.9% |
| Accrued charges and deferred income | 492/3 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,800 | €16,264 | -€2,536 | -13.5% |
| Other operating charges | 640/8 | €2,091 | €2,216 | +€125 | +6.0% |
| Gross operating margin | 9900 | €116,721 | €86,718 | -€30,003 | -25.7% |
| Operating profit (loss) | 9901 | €95,830 | €68,238 | -€27,592 | -28.8% |
| Financial income | 75/76B | €95 | - | -€95 | |
| Recurring financial income | 75 | €95 | - | -€95 | |
| Financial charges | 65/66B | €1,746 | €1,138 | -€608 | -34.8% |
| Recurring financial charges | 65 | €1,746 | €1,138 | -€608 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €94,179 | €67,100 | -€27,079 | -28.8% |
| Income taxes | 67/77 | €20,845 | €15,510 | -€5,335 | -25.6% |
| Profit (loss) for the period | 9904 | €73,334 | €51,589 | -€21,744 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,334 | €51,589 | -€21,744 | -29.7% |
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 9 October 2026 via checked.be.