Kalden: 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.
Kalden
Largest movements
- Cash -€84,467
down €84,467 (-91.8%), from €92,056 to €7,589
mainly Net result for the year (-€55,778) and Receivables within one year (-€34,024)
- Receivables within one year +€34,024
up €34,024 (+44.9%), from €75,830 to €109,854
of which Other amounts receivable: +€29,369
- Tangible fixed assets -€12,520
down €12,520 (-31.4%), from €39,839 to €27,319
of which Furniture and vehicles: -€10,879
- Deferred charges and accrued income -€5,161
down €5,161 (-60.4%), from €8,540 to €3,379
- Reserves -€55,778
down €55,778 (-39.6%), from €140,989 to €85,211
of which Distributable reserves: -€55,778
- Debts after one year -€8,793
down €8,793 (-62.5%), from €14,078 to €5,285
- Trade debts -€7,490
down €7,490 (-31.2%), from €24,043 to €16,553
- Tax, wage and social debts +€3,610
up €3,610 (+35.8%), from €10,087 to €13,697
of which Remuneration and social security: +€6,228
- Gross operating margin -€77,759
down €77,759 (-45.2%), from €172,057 to €94,298
- Staff costs -€13,226
down €13,226 (-9.1%), from €145,182 to €131,956
- Taxes -€3,209
down €3,209 (-77.4%), from €4,144 to €935
- Depreciation -€1,823
down €1,823 (-12.7%), from €14,343 to €12,520
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 | €216,264 | €148,140 | -€68,123 | -31.5% |
| Fixed assets | 21/28 | €39,839 | €27,319 | -€12,520 | -31.4% |
| Tangible fixed assets | 22/27 | €39,839 | €27,319 | -€12,520 | -31.4% |
| Land and buildings | 22 | €85 | €0 | -€85 | -100% |
| Plant, machinery and equipment | 23 | €3,438 | €1,882 | -€1,556 | -45.3% |
| Furniture and vehicles | 24 | €36,315 | €25,436 | -€10,879 | -30.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €176,425 | €120,822 | -€55,603 | -31.5% |
| Amounts receivable within one year | 40/41 | €75,830 | €109,854 | +€34,024 | +44.9% |
| Trade receivables | 40 | €2,895 | €7,551 | +€4,656 | +161% |
| Other amounts receivable | 41 | €72,935 | €102,303 | +€29,369 | +40.3% |
| Cash at bank and in hand | 54/58 | €92,056 | €7,589 | -€84,467 | -91.8% |
| Deferred charges and accrued income | 490/1 | €8,540 | €3,379 | -€5,161 | -60.4% |
| Total equity and liabilities | 10/49 | €216,264 | €148,140 | -€68,123 | -31.5% |
| Equity | 10/15 | €159,589 | €103,811 | -€55,778 | -35.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,989 | €85,211 | -€55,778 | -39.6% |
| Non-distributable reserves | 130/1 | €2,509 | €2,509 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,509 | €2,509 | = | 0.0% |
| Distributable reserves | 133 | €138,480 | €82,702 | -€55,778 | -40.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €56,674 | €44,329 | -€12,345 | -21.8% |
| Amounts payable after more than one year | 17 | €14,078 | €5,285 | -€8,793 | -62.5% |
| Financial debts | 170/4 | €14,078 | €5,285 | -€8,793 | -62.5% |
| Amounts payable within one year | 42/48 | €42,596 | €39,044 | -€3,552 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €8,466 | €8,793 | +€327 | +3.9% |
| Trade debts | 44 | €24,043 | €16,553 | -€7,490 | -31.2% |
| Suppliers | 440/4 | €24,043 | €16,553 | -€7,490 | -31.2% |
| Taxes, remuneration and social security | 45 | €10,087 | €13,697 | +€3,610 | +35.8% |
| Taxes | 450/3 | €5,484 | €2,866 | -€2,618 | -47.7% |
| Remuneration and social security | 454/9 | €4,603 | €10,831 | +€6,228 | +135% |
| Remuneration, social security and pensions | 62 | €145,182 | €131,956 | -€13,226 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,343 | €12,520 | -€1,823 | -12.7% |
| Other operating charges | 640/8 | €5,122 | €5,470 | +€348 | +6.8% |
| Gross operating margin | 9900 | €172,057 | €94,298 | -€77,759 | -45.2% |
| Operating profit (loss) | 9901 | €7,410 | -€55,648 | -€63,059 | |
| Financial income | 75/76B | €3,639 | €3,904 | +€265 | +7.3% |
| Recurring financial income | 75 | €3,639 | €3,904 | +€265 | +7.3% |
| Financial charges | 65/66B | €3,050 | €3,098 | +€49 | +1.6% |
| Recurring financial charges | 65 | €3,050 | €3,098 | +€49 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €7,999 | -€54,843 | -€62,842 | |
| Income taxes | 67/77 | €4,144 | €935 | -€3,209 | -77.4% |
| Profit (loss) for the period | 9904 | €3,855 | -€55,778 | -€59,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,855 | -€55,778 | -€59,633 |
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.