KALEMO: 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.
KALEMO
Largest movements
- Current investments +€101,362
up €101,362 (+75.4%), from €134,382 to €235,744
- Receivables within one year -€63,985
down €63,985 (-48.0%), from €133,285 to €69,300
of which Trade receivables: -€64,130
- Cash -€36,400
down €36,400 (-52.2%), from €69,733 to €33,333
mainly Current investments (-€101,362) and Other debts (-€76,420)
- Financial fixed assets -€34,932
down €34,932 (-100.0%), from €34,932 to €0
- Tangible fixed assets -€11,267
down €11,267 (-26.6%), from €42,361 to €31,094
- Other debts -€76,420
down €76,420 (-86.8%), from €88,073 to €11,653
- Reserves +€47,187
up €47,187 (+15.7%), from €299,975 to €347,162
- Tax, wage and social debts -€15,172
down €15,172 (-86.3%), from €17,583 to €2,411
- Gross operating margin -€78,754
down €78,754 (-49.4%), from €159,382 to €80,628
- Taxes -€21,140
down €21,140 (-49.2%), from €42,976 to €21,836
- Depreciation +€2,717
up €2,717 (+31.8%), from €8,550 to €11,267
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 | €414,694 | €369,472 | -€45,222 | -10.9% |
| Fixed assets | 21/28 | €77,293 | €31,094 | -€46,199 | -59.8% |
| Tangible fixed assets | 22/27 | €42,361 | €31,094 | -€11,267 | -26.6% |
| Furniture and vehicles | 24 | €42,361 | €31,094 | -€11,267 | -26.6% |
| Financial fixed assets | 28 | €34,932 | €0 | -€34,932 | -100.0% |
| Current assets | 29/58 | €337,400 | €338,377 | +€977 | +0.3% |
| Amounts receivable within one year | 40/41 | €133,285 | €69,300 | -€63,985 | -48.0% |
| Trade receivables | 40 | €133,285 | €69,156 | -€64,130 | -48.1% |
| Other amounts receivable | 41 | €0 | €145 | +€145 | |
| Current investments | 50/53 | €134,382 | €235,744 | +€101,362 | +75.4% |
| Cash at bank and in hand | 54/58 | €69,733 | €33,333 | -€36,400 | -52.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €414,694 | €369,472 | -€45,222 | -10.9% |
| Equity | 10/15 | €304,975 | €352,162 | +€47,187 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €299,975 | €347,162 | +€47,187 | +15.7% |
| Distributable reserves | 133 | €299,975 | €347,162 | +€47,187 | +15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €109,719 | €17,310 | -€92,409 | -84.2% |
| Amounts payable within one year | 42/48 | €109,719 | €17,310 | -€92,409 | -84.2% |
| Trade debts | 44 | €4,063 | €3,246 | -€817 | -20.1% |
| Suppliers | 440/4 | €4,063 | €3,246 | -€817 | -20.1% |
| Taxes, remuneration and social security | 45 | €17,583 | €2,411 | -€15,172 | -86.3% |
| Taxes | 450/3 | €17,583 | €2,411 | -€15,172 | -86.3% |
| Other amounts payable | 47/48 | €88,073 | €11,653 | -€76,420 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,550 | €11,267 | +€2,717 | +31.8% |
| Other operating charges | 640/8 | €109 | €505 | +€396 | +363.6% |
| Gross operating margin | 9900 | €159,382 | €80,628 | -€78,754 | -49.4% |
| Operating profit (loss) | 9901 | €150,723 | €68,856 | -€81,868 | -54.3% |
| Financial income | 75/76B | €144 | €219 | +€75 | +51.9% |
| Recurring financial income | 75 | €144 | €219 | +€75 | +51.9% |
| Financial charges | 65/66B | €475 | €52 | -€423 | -89.1% |
| Recurring financial charges | 65 | €475 | €52 | -€423 | -89.1% |
| Profit (loss) for the period before taxes | 9903 | €150,393 | €69,023 | -€81,370 | -54.1% |
| Income taxes | 67/77 | €42,976 | €21,836 | -€21,140 | -49.2% |
| Profit (loss) for the period | 9904 | €107,417 | €47,187 | -€60,230 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,417 | €47,187 | -€60,230 | -56.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.