KALDO: what changed
Two fiscal 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.
KALDO
Largest movements
- Receivables after one year -€847,136
down €847,136 (-100.0%), from €847,136 to €0
- Debts after one year -€847,136
down €847,136 (-7.8%), from €10.8m to €10.0m
- Depreciation -€1,089
no longer reported in 2024 (was €1,089)
- Gross operating margin +€879
up €879 (+11.4%), from -€7,684 to -€6,805
- Other operating charges -€361
down €361 (-47.2%), from €764 to €403
- Financial charges +€145
up €145 (+47.2%), from €307 to €453
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,847,383 | €10,000,564 | -€846,819 | -7.8% |
| Fixed assets | 21/28 | €10,000,000 | €10,000,000 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | €10,000,000 | €10,000,000 | = | 0.0% |
| Current assets | 29/58 | €847,383 | €564 | -€846,819 | -99.9% |
| Amounts receivable after more than one year | 29 | €847,136 | €0 | -€847,136 | -100.0% |
| Trade receivables | 290 | €847,136 | €0 | -€847,136 | -100.0% |
| Cash at bank and in hand | 54/58 | €247 | €88 | -€159 | -64.3% |
| Deferred charges and accrued income | 490/1 | - | €476 | +€476 | |
| Total equity and liabilities | 10/49 | €10,847,383 | €10,000,564 | -€846,819 | -7.8% |
| Equity | 10/15 | €156 | -€7,505 | -€7,661 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,844 | -€17,505 | -€7,661 | -77.8% |
| Amounts payable | 17/49 | €10,847,227 | €10,008,068 | -€839,158 | -7.7% |
| Amounts payable after more than one year | 17 | €10,847,136 | €10,000,000 | -€847,136 | -7.8% |
| Financial debts | 170/4 | €10,847,136 | €10,000,000 | -€847,136 | -7.8% |
| Amounts payable within one year | 42/48 | €91 | €8,068 | +€7,977 | +8790.6% |
| Trade debts | 44 | €91 | €719 | +€628 | +692.5% |
| Suppliers | 440/4 | €91 | €719 | +€628 | +692.5% |
| Other amounts payable | 47/48 | €0 | €7,349 | +€7,349 | |
| Accrued charges and deferred income | 492/3 | €0 | €0 | +€0 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | - | -€1,089 | |
| Other operating charges | 640/8 | €764 | €403 | -€361 | -47.2% |
| Gross operating margin | 9900 | -€7,684 | -€6,805 | +€879 | +11.4% |
| Operating profit (loss) | 9901 | -€9,537 | -€7,208 | +€2,329 | +24.4% |
| Financial charges | 65/66B | €307 | €453 | +€145 | +47.2% |
| Recurring financial charges | 65 | €307 | €453 | +€145 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,844 | -€7,661 | +€2,183 | +22.2% |
| Profit (loss) for the period | 9904 | -€9,844 | -€7,661 | +€2,183 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,844 | -€7,661 | +€2,183 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.