Kale Group: 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.
Kale Group
Largest movements
- Receivables within one year +€34,344
up €34,344 (+109.3%), from €31,432 to €65,776
of which Other amounts receivable: +€22,364
- Cash +€12,036
up €12,036 (+50699.1%), from €24 to €12,060
mainly Net result for the year (+€29,177) and Tax, wage and social debts (+€17,617)
- Tangible fixed assets +€6,102
up €6,102 (+136.7%), from €4,463 to €10,564
of which Furniture and vehicles: +€3,613
- Financial fixed assets +€4,580
new in 2025: €4,580
- Reserves +€29,177
up €29,177 (+198.4%), from €14,703 to €43,880
- Tax, wage and social debts +€17,617
up €17,617 (+184.5%), from €9,547 to €27,164
of which Taxes: +€14,677
- Trade debts +€10,268
up €10,268 (+219.9%), from €4,669 to €14,936
- Gross operating margin +€30,940
up €30,940 (+148.2%), from €20,874 to €51,814
- Staff costs +€9,516
up €9,516 (+3168.7%), from €300 to €9,817
- Taxes +€4,250
up €4,250 (+114.6%), from €3,707 to €7,957
- Depreciation +€2,451
up €2,451 (+306.6%), from €799 to €3,250
- Financial income +€1,334
up €1,334 (+140.0%), from €952 to €2,286
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 | €35,919 | €92,980 | +€57,062 | +158.9% |
| Fixed assets | 21/28 | €4,463 | €15,144 | +€10,682 | +239.4% |
| Tangible fixed assets | 22/27 | €4,463 | €10,564 | +€6,102 | +136.7% |
| Plant, machinery and equipment | 23 | €4,463 | €6,951 | +€2,489 | +55.8% |
| Furniture and vehicles | 24 | - | €3,613 | +€3,613 | |
| Financial fixed assets | 28 | - | €4,580 | +€4,580 | |
| Current assets | 29/58 | €31,456 | €77,836 | +€46,380 | +147.4% |
| Amounts receivable within one year | 40/41 | €31,432 | €65,776 | +€34,344 | +109.3% |
| Trade receivables | 40 | - | €11,980 | +€11,980 | |
| Other amounts receivable | 41 | €31,432 | €53,796 | +€22,364 | +71.2% |
| Cash at bank and in hand | 54/58 | €24 | €12,060 | +€12,036 | +50699.1% |
| Total equity and liabilities | 10/49 | €35,919 | €92,980 | +€57,062 | +158.9% |
| Equity | 10/15 | €21,703 | €50,880 | +€29,177 | +134.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €14,703 | €43,880 | +€29,177 | +198.4% |
| Distributable reserves | 133 | €14,703 | €43,880 | +€29,177 | +198.4% |
| Amounts payable | 17/49 | €14,216 | €42,100 | +€27,884 | +196.1% |
| Amounts payable within one year | 42/48 | €14,216 | €42,100 | +€27,884 | +196.1% |
| Trade debts | 44 | €4,669 | €14,936 | +€10,268 | +219.9% |
| Suppliers | 440/4 | €4,669 | €14,936 | +€10,268 | +219.9% |
| Taxes, remuneration and social security | 45 | €9,547 | €27,164 | +€17,617 | +184.5% |
| Taxes | 450/3 | €9,547 | €24,225 | +€14,677 | +153.7% |
| Remuneration and social security | 454/9 | - | €2,940 | +€2,940 | |
| Remuneration, social security and pensions | 62 | €300 | €9,817 | +€9,516 | +3168.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €799 | €3,250 | +€2,451 | +306.6% |
| Other operating charges | 640/8 | €221 | €957 | +€735 | +332.1% |
| Gross operating margin | 9900 | €20,874 | €51,814 | +€30,940 | +148.2% |
| Operating profit (loss) | 9901 | €19,553 | €37,791 | +€18,238 | +93.3% |
| Financial income | 75/76B | €952 | €2,286 | +€1,334 | +140.0% |
| Recurring financial income | 75 | €952 | €2,286 | +€1,334 | +140.0% |
| Financial charges | 65/66B | €2,096 | €2,943 | +€847 | +40.4% |
| Recurring financial charges | 65 | €2,096 | €2,943 | +€847 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €18,410 | €37,134 | +€18,724 | +101.7% |
| Income taxes | 67/77 | €3,707 | €7,957 | +€4,250 | +114.6% |
| Profit (loss) for the period | 9904 | €14,703 | €29,177 | +€14,475 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,703 | €29,177 | +€14,475 | +98.4% |
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 11 October 2026 via checked.be.