Kale ITS: 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 ITS
Largest movements
- Tangible fixed assets +€39,773
up €39,773 (+20.3%), from €195,614 to €235,387
of which Land and buildings: +€38,736
- Cash -€24,313
down €24,313 (-87.3%), from €27,848 to €3,535
mainly Contributions, distributions and other (-€54,500) and Investment in fixed assets (net) (-€50,693)
- Receivables after one year -€17,599
down €17,599 (-33.1%), from €53,102 to €35,503
- Receivables within one year -€10,929
down €10,929 (-8.2%), from €133,863 to €122,934
of which Other amounts receivable: -€24,969
- Reserves -€27,987
down €27,987 (-17.5%), from €159,771 to €131,785
of which Distributable reserves: -€26,127
- Debts after one year +€23,707
up €23,707 (+20.0%), from €118,443 to €142,150
- Other debts -€7,393
down €7,393 (-62.2%), from €11,893 to €4,500
- Other operating charges +€7,157
new in 2025: €7,157
- Gross operating margin +€4,852
up €4,852 (+8.1%), from €59,712 to €64,565
- Financial charges +€2,095
up €2,095 (+79.9%), from €2,620 to €4,715
- Depreciation -€1,646
down €1,646 (-13.1%), from €12,566 to €10,919
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 | €410,654 | €397,516 | -€13,139 | -3.2% |
| Fixed assets | 21/28 | €195,614 | €235,387 | +€39,773 | +20.3% |
| Tangible fixed assets | 22/27 | €195,614 | €235,387 | +€39,773 | +20.3% |
| Land and buildings | 22 | €193,620 | €232,356 | +€38,736 | +20.0% |
| Furniture and vehicles | 24 | €1,994 | €3,032 | +€1,037 | +52.0% |
| Current assets | 29/58 | €215,040 | €162,128 | -€52,912 | -24.6% |
| Amounts receivable after more than one year | 29 | €53,102 | €35,503 | -€17,599 | -33.1% |
| Other amounts receivable | 291 | €53,102 | €35,503 | -€17,599 | -33.1% |
| Amounts receivable within one year | 40/41 | €133,863 | €122,934 | -€10,929 | -8.2% |
| Trade receivables | 40 | €108,863 | €122,903 | +€14,040 | +12.9% |
| Other amounts receivable | 41 | €25,000 | €31 | -€24,969 | -99.9% |
| Cash at bank and in hand | 54/58 | €27,848 | €3,535 | -€24,313 | -87.3% |
| Deferred charges and accrued income | 490/1 | €228 | €157 | -€71 | -31.2% |
| Total equity and liabilities | 10/49 | €410,654 | €397,516 | -€13,139 | -3.2% |
| Equity | 10/15 | €165,971 | €139,845 | -€26,127 | -15.7% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €159,771 | €131,785 | -€27,987 | -17.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €157,911 | €131,785 | -€26,127 | -16.5% |
| Provisions and deferred taxes | 16 | €55,000 | €55,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €55,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable | 17/49 | €189,683 | €202,671 | +€12,988 | +6.8% |
| Amounts payable after more than one year | 17 | €118,443 | €142,150 | +€23,707 | +20.0% |
| Financial debts | 170/4 | €118,443 | €142,150 | +€23,707 | +20.0% |
| Amounts payable within one year | 42/48 | €71,240 | €60,521 | -€10,719 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €12,088 | €12,293 | +€205 | +1.7% |
| Trade debts | 44 | €6,103 | €3,059 | -€3,045 | -49.9% |
| Suppliers | 440/4 | €6,103 | €3,059 | -€3,045 | -49.9% |
| Taxes, remuneration and social security | 45 | €41,155 | €40,669 | -€486 | -1.2% |
| Taxes | 450/3 | €41,155 | €40,669 | -€486 | -1.2% |
| Other amounts payable | 47/48 | €11,893 | €4,500 | -€7,393 | -62.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,566 | €10,919 | -€1,646 | -13.1% |
| Other operating charges | 640/8 | - | €7,157 | +€7,157 | |
| Gross operating margin | 9900 | €59,712 | €64,565 | +€4,852 | +8.1% |
| Operating profit (loss) | 9901 | €47,147 | €46,488 | -€658 | -1.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,620 | €4,715 | +€2,095 | +79.9% |
| Recurring financial charges | 65 | €2,620 | €4,715 | +€2,095 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €44,526 | €41,774 | -€2,753 | -6.2% |
| Income taxes | 67/77 | €13,230 | €13,401 | +€171 | +1.3% |
| Profit (loss) for the period | 9904 | €31,297 | €28,373 | -€2,923 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,297 | €28,373 | -€2,923 | -9.3% |
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 17 October 2026 via checked.be.