Kalbi: 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.
Kalbi
Largest movements
- Cash -€33,543
down €33,543 (-59.6%), from €56,273 to €22,730
mainly Contributions, distributions and other (-€66,702) and Investment in fixed assets (net) (-€4,588)
- Tangible fixed assets +€4,405
new in 2025: €4,405
- Profit (loss) carried forward -€47,992
down €47,992 (-95.6%), from €50,202 to €2,210
- Other debts +€16,577
up €16,577 (+10,641%), from €156 to €16,733
- Tax, wage and social debts +€1,690
up €1,690 (+40.1%), from €4,217 to €5,907
- Trade debts +€718
up €718 (+864%), from €83 to €801
- Gross operating margin +€2,299
up €2,299 (+9.2%), from €25,052 to €27,351
- Taxes +€2,070
up €2,070 (+34.5%), from €6,007 to €8,077
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 | €56,659 | €27,651 | -€29,008 | -51.2% |
| Fixed assets | 21/28 | - | €4,405 | +€4,405 | |
| Tangible fixed assets | 22/27 | - | €4,405 | +€4,405 | |
| Furniture and vehicles | 24 | - | €4,405 | +€4,405 | |
| Current assets | 29/58 | €56,659 | €23,246 | -€33,413 | -59.0% |
| Amounts receivable within one year | 40/41 | €385 | - | -€385 | |
| Trade receivables | 40 | €385 | - | -€385 | |
| Cash at bank and in hand | 54/58 | €56,273 | €22,730 | -€33,543 | -59.6% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €56,659 | €27,651 | -€29,008 | -51.2% |
| Equity | 10/15 | €52,202 | €4,210 | -€47,992 | -91.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,202 | €2,210 | -€47,992 | -95.6% |
| Amounts payable | 17/49 | €4,456 | €23,441 | +€18,985 | +426% |
| Amounts payable within one year | 42/48 | €4,456 | €23,441 | +€18,985 | +426% |
| Trade debts | 44 | €83 | €801 | +€718 | +864% |
| Suppliers | 440/4 | €83 | €801 | +€718 | +864% |
| Taxes, remuneration and social security | 45 | €4,217 | €5,907 | +€1,690 | +40.1% |
| Taxes | 450/3 | €4,217 | €5,907 | +€1,690 | +40.1% |
| Other amounts payable | 47/48 | €156 | €16,733 | +€16,577 | +10,641% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €183 | +€183 | |
| Other operating charges | 640/8 | €185 | - | -€185 | |
| Gross operating margin | 9900 | €25,052 | €27,351 | +€2,299 | +9.2% |
| Operating profit (loss) | 9901 | €24,867 | €27,168 | +€2,301 | +9.3% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €437 | €380 | -€56 | -12.9% |
| Recurring financial charges | 65 | €437 | €380 | -€56 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €24,439 | €26,787 | +€2,348 | +9.6% |
| Income taxes | 67/77 | €6,007 | €8,077 | +€2,070 | +34.5% |
| Profit (loss) for the period | 9904 | €18,432 | €18,710 | +€278 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,432 | €18,710 | +€278 | +1.5% |
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 24 October 2026 via checked.be.