KALE: 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.
KALE
Largest movements
- Receivables within one year +€45,292
up €45,292 (+1234.8%), from €3,668 to €48,960
of which Trade receivables: +€29,945
- Tangible fixed assets +€27,322
up €27,322 (+6640.1%), from €411 to €27,733
of which Leasing and similar rights: +€27,722
- Stocks and contracts -€24,557
down €24,557 (-77.4%), from €31,716 to €7,159
- Cash +€20,939
up €20,939 (+68.4%), from €30,600 to €51,539
mainly Trade debts (+€30,335) and Stocks and contracts (+€24,557)
- Trade debts +€30,335
up €30,335 (+875.6%), from €3,464 to €33,800
- Debts after one year +€19,176
new in 2025: €19,176
- Profit (loss) carried forward +€6,972
up €6,972 (+41.8%), from €16,664 to €23,637
- Current portion of long-term debt +€6,345
new in 2025: €6,345
- Accrued charges and deferred income +€4,426
up €4,426 (+54.9%), from €8,060 to €12,486
- Purchases and services -€415,704
no longer reported in 2025 (was €415,704)
- Gross operating margin -€19,960
down €19,960 (-21.3%), from €93,560 to €73,601
- Staff costs -€7,159
down €7,159 (-11.2%), from €63,647 to €56,488
- Taxes -€2,375
down €2,375 (-49.0%), from €4,851 to €2,476
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 | €70,476 | €139,471 | +€68,996 | +97.9% |
| Fixed assets | 21/28 | €4,491 | €31,813 | +€27,322 | +608.3% |
| Tangible fixed assets | 22/27 | €411 | €27,733 | +€27,322 | +6640.1% |
| Plant, machinery and equipment | 23 | €411 | €11 | -€400 | -97.2% |
| Leasing and similar rights | 25 | - | €27,722 | +€27,722 | |
| Financial fixed assets | 28 | €4,080 | €4,080 | = | 0.0% |
| Current assets | 29/58 | €65,984 | €107,658 | +€41,674 | +63.2% |
| Stocks and contracts in progress | 3 | €31,716 | €7,159 | -€24,557 | -77.4% |
| Stocks | 30/36 | €31,716 | €7,159 | -€24,557 | -77.4% |
| Amounts receivable within one year | 40/41 | €3,668 | €48,960 | +€45,292 | +1234.8% |
| Trade receivables | 40 | €2,695 | €32,640 | +€29,945 | +1111.1% |
| Other amounts receivable | 41 | €973 | €16,320 | +€15,347 | +1577.4% |
| Cash at bank and in hand | 54/58 | €30,600 | €51,539 | +€20,939 | +68.4% |
| Total equity and liabilities | 10/49 | €70,476 | €139,471 | +€68,996 | +97.9% |
| Equity | 10/15 | €41,357 | €48,329 | +€6,972 | +16.9% |
| Reserves | 13 | €24,692 | €24,692 | = | 0.0% |
| Distributable reserves | 133 | €24,692 | €24,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,664 | €23,637 | +€6,972 | +41.8% |
| Amounts payable | 17/49 | €29,119 | €91,142 | +€62,023 | +213.0% |
| Amounts payable after more than one year | 17 | - | €19,176 | +€19,176 | |
| Financial debts | 170/4 | - | €19,176 | +€19,176 | |
| Amounts payable within one year | 42/48 | €21,059 | €59,480 | +€38,421 | +182.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,345 | +€6,345 | |
| Trade debts | 44 | €3,464 | €33,800 | +€30,335 | +875.6% |
| Suppliers | 440/4 | €3,464 | €33,800 | +€30,335 | +875.6% |
| Taxes, remuneration and social security | 45 | €17,594 | €19,335 | +€1,741 | +9.9% |
| Taxes | 450/3 | €9,716 | €12,337 | +€2,620 | +27.0% |
| Remuneration and social security | 454/9 | €7,878 | €6,998 | -€880 | -11.2% |
| Accrued charges and deferred income | 492/3 | €8,060 | €12,486 | +€4,426 | +54.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €415,704 | - | -€415,704 | |
| Remuneration, social security and pensions | 62 | €63,647 | €56,488 | -€7,159 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €2,178 | -€409 | -15.8% |
| Other operating charges | 640/8 | €1,971 | €1,758 | -€213 | -10.8% |
| Gross operating margin | 9900 | €93,560 | €73,601 | -€19,960 | -21.3% |
| Operating profit (loss) | 9901 | €25,354 | €13,176 | -€12,178 | -48.0% |
| Financial income | 75/76B | €0 | €460 | +€460 | +218890.5% |
| Recurring financial income | 75 | €0 | €460 | +€460 | +218890.5% |
| Financial charges | 65/66B | €3,839 | €4,188 | +€349 | +9.1% |
| Recurring financial charges | 65 | €3,839 | €4,188 | +€349 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €21,515 | €9,448 | -€12,067 | -56.1% |
| Income taxes | 67/77 | €4,851 | €2,476 | -€2,375 | -49.0% |
| Profit (loss) for the period | 9904 | €16,664 | €6,972 | -€9,692 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,664 | €6,972 | -€9,692 | -58.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.