KALE TES: 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 TES
Largest movements
- Tangible fixed assets +€66,580
up €66,580 (+6,709%), from €992 to €67,572
of which Land and buildings: +€65,015
- Cash -€42,838
down €42,838 (-71.8%), from €59,630 to €16,792
mainly Investment in fixed assets (net) (-€68,980) and Receivables within one year (-€25,707)
- Receivables within one year +€25,707
up €25,707 (+94.7%), from €27,148 to €52,855
of which Other amounts receivable: +€42,531
- Receivables after one year -€5,726
down €5,726 (-3.8%), from €150,000 to €144,274
- Debts after one year +€31,252
new in 2025: €31,252
- Profit (loss) carried forward +€30,255
up €30,255 (+16.6%), from €181,984 to €212,239
- Tax, wage and social debts -€12,572
down €12,572 (-30.4%), from €41,334 to €28,762
of which Taxes: -€10,572
- Other debts -€6,472
no longer reported in 2025 (was €6,472)
- Gross operating margin -€20,092
down €20,092 (-31.0%), from €64,799 to €44,707
- Taxes -€6,945
down €6,945 (-49.7%), from €13,970 to €7,025
- Other operating charges +€6,792
up €6,792 (+1,508%), from €450 to €7,243
- Financial income +€5,276
new in 2025: €5,276
- Financial charges +€2,620
up €2,620 (+596%), from €439 to €3,059
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 | €238,240 | €281,824 | +€43,583 | +18.3% |
| Fixed assets | 21/28 | €992 | €67,572 | +€66,580 | +6,709% |
| Tangible fixed assets | 22/27 | €992 | €67,572 | +€66,580 | +6,709% |
| Land and buildings | 22 | - | €65,015 | +€65,015 | |
| Furniture and vehicles | 24 | €992 | €2,557 | +€1,565 | +158% |
| Current assets | 29/58 | €237,248 | €214,252 | -€22,996 | -9.7% |
| Amounts receivable after more than one year | 29 | €150,000 | €144,274 | -€5,726 | -3.8% |
| Trade receivables | 290 | €150,000 | €144,274 | -€5,726 | -3.8% |
| Amounts receivable within one year | 40/41 | €27,148 | €52,855 | +€25,707 | +94.7% |
| Trade receivables | 40 | €27,148 | €10,324 | -€16,824 | -62.0% |
| Other amounts receivable | 41 | - | €42,531 | +€42,531 | |
| Cash at bank and in hand | 54/58 | €59,630 | €16,792 | -€42,838 | -71.8% |
| Deferred charges and accrued income | 490/1 | €470 | €331 | -€140 | -29.7% |
| Total equity and liabilities | 10/49 | €238,240 | €281,824 | +€43,583 | +18.3% |
| Equity | 10/15 | €190,044 | €220,299 | +€30,255 | +15.9% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €181,984 | €212,239 | +€30,255 | +16.6% |
| Amounts payable | 17/49 | €48,196 | €61,525 | +€13,328 | +27.7% |
| Amounts payable after more than one year | 17 | - | €31,252 | +€31,252 | |
| Financial debts | 170/4 | - | €31,252 | +€31,252 | |
| Amounts payable within one year | 42/48 | €48,196 | €30,272 | -€17,924 | -37.2% |
| Trade debts | 44 | €390 | €1,511 | +€1,120 | +287% |
| Suppliers | 440/4 | €390 | €1,511 | +€1,120 | +287% |
| Taxes, remuneration and social security | 45 | €41,334 | €28,762 | -€12,572 | -30.4% |
| Taxes | 450/3 | €38,045 | €27,473 | -€10,572 | -27.8% |
| Remuneration and social security | 454/9 | €3,289 | €1,289 | -€2,000 | -60.8% |
| Other amounts payable | 47/48 | €6,472 | - | -€6,472 | |
| Non-recurring operating income | 76A | €3,306 | - | -€3,306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | €2,401 | +€2,054 | +592% |
| Other operating charges | 640/8 | €450 | €7,243 | +€6,792 | +1,508% |
| Gross operating margin | 9900 | €64,799 | €44,707 | -€20,092 | -31.0% |
| Operating profit (loss) | 9901 | €64,001 | €35,063 | -€28,938 | -45.2% |
| Financial income | 75/76B | - | €5,276 | +€5,276 | |
| Recurring financial income | 75 | - | €5,276 | +€5,276 | |
| Financial charges | 65/66B | €439 | €3,059 | +€2,620 | +596% |
| Recurring financial charges | 65 | €439 | €3,059 | +€2,620 | +596% |
| Profit (loss) for the period before taxes | 9903 | €63,562 | €37,281 | -€26,281 | -41.3% |
| Income taxes | 67/77 | €13,970 | €7,025 | -€6,945 | -49.7% |
| Profit (loss) for the period | 9904 | €49,592 | €30,255 | -€19,337 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,592 | €30,255 | -€19,337 | -39.0% |
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 27 October 2026 via checked.be.