KALEO: what changed
What changed
KALEO
NACE 55.202, Accommodation
filed annual accounts (NBB)
Net result for the year
€66,009
2024 · €43,137+€22,872
Equity
€5.6m
2024 · €4.9m+€630,875
Cash
€922,777
2024 · €1.0m-€88,831
Balance sheet total
€8.3m
2024 · €7.6m+€763,290
Largest movements
Assets
- Tangible fixed assets +€748,837
up €748,837 (+18.2%), from €4.1m to €4.9m
of which Land and buildings: +€889,323
- Receivables after one year +€325,446
up €325,446 (+40.7%), from €798,701 to €1.1m
- Receivables within one year -€198,358
down €198,358 (-25.5%), from €778,044 to €579,686
of which Other amounts receivable: -€114,648
- Cash -€88,831
down €88,831 (-8.8%), from €1.0m to €922,777
mainly Investment in fixed assets (net) (-€1.3m) and Receivables after one year (-€325,446)
Equity and liabilities
- Investment grants +€564,867
up €564,867 (+24.5%), from €2.3m to €2.9m
- Debts within one year +€199,275
up €199,275 (+18.4%), from €1.1m to €1.3m
of which Trade debts: +€133,422
- Debts after one year -€87,203
down €87,203 (-8.7%), from €1.0m to €919,447
of which Financial debts: -€87,203
Income statement
- Gross operating margin +€376,315
up €376,315 (+10.5%), from €3.6m to €4.0m
- Staff costs +€197,574
up €197,574 (+7.9%), from €2.5m to €2.7m
- Write-downs +€195,637
up €195,637 (+95.5%), from €204,906 to €400,543
- Turnover +€182,780
up €182,780 (+6.8%), from €2.7m to €2.9m
- Purchases and services -€94,336
down €94,336 (-4.5%), from €2.1m to €2.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,137
Gross operating margin
+€376,315
Staff costs
-€197,574
Depreciation
+€35,815
Write-downs
-€195,637
Other operating charges
-€36,728
Financial income
+€40,379
Financial charges
+€301
Result 2025
€66,009
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€781,156
Investment
-€1.3m
Financing
+€477,663
Cash 2024
€1.0m
From operations (derived)
+€781,156
Net result for the year
+€66,009
Depreciation
+€615,700
Receivables after one year
-€325,446
Receivables within one year
+€198,358
Deferred charges and accrued income
+€6,918
Debts within one year
+€199,275
Accrued charges and deferred income
+€20,343
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€477,663
Debts after one year
-€87,203
Contributions, distributions and other
+€564,867
Cash 2025
€922,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,572,948 | €8,336,238 | +€763,290 | +10.1% |
| Fixed assets | 21/28 | €4,146,983 | €4,878,934 | +€731,950 | +17.7% |
| Intangible fixed assets | 21 | €32,075 | €16,037 | -€16,037 | -50.0% |
| Tangible fixed assets | 22/27 | €4,108,111 | €4,856,948 | +€748,837 | +18.2% |
| Land and buildings | 22 | €394,201 | €1,283,523 | +€889,323 | +226% |
| Furniture and vehicles | 24 | €247,991 | €185,944 | -€62,047 | -25.0% |
| Other tangible fixed assets | 26 | €3,368,470 | €2,976,551 | -€391,919 | -11.6% |
| Assets under construction and advance payments | 27 | €97,450 | €410,929 | +€313,480 | +322% |
| Financial fixed assets | 28 | €6,797 | €5,948 | -€849 | -12.5% |
| Current assets | 29/58 | €3,425,965 | €3,457,304 | +€31,340 | +0.9% |
| Amounts receivable after more than one year | 29 | €798,701 | €1,124,146 | +€325,446 | +40.7% |
| Other amounts receivable | 291 | €798,701 | €1,124,146 | +€325,446 | +40.7% |
| Amounts receivable within one year | 40/41 | €778,044 | €579,686 | -€198,358 | -25.5% |
| Trade receivables | 40 | €161,435 | €77,725 | -€83,710 | -51.9% |
| Other amounts receivable | 41 | €616,609 | €501,962 | -€114,648 | -18.6% |
| Current investments | 50/53 | €763,361 | €763,361 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,011,607 | €922,777 | -€88,831 | -8.8% |
| Deferred charges and accrued income | 490/1 | €74,251 | €67,333 | -€6,918 | -9.3% |
| Total equity and liabilities | 10/49 | €7,572,948 | €8,336,238 | +€763,290 | +10.1% |
| Equity | 10/15 | €4,933,318 | €5,564,193 | +€630,875 | +12.8% |
| Contributions | 10/11 | €983,682 | €983,682 | = | 0.0% |
| Capital | 10 | €983,682 | €983,682 | = | 0.0% |
| Reserves | 13 | €471,500 | €471,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,173,322 | €1,239,331 | +€66,009 | +5.6% |
| Investment grants | 15 | €2,304,813 | €2,869,680 | +€564,867 | +24.5% |
| Provisions and deferred taxes | 16 | €154,873 | €154,873 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €154,873 | €154,873 | = | 0.0% |
| Major repairs and maintenance | 162 | €154,873 | €154,873 | = | 0.0% |
| Amounts payable | 17/49 | €2,484,757 | €2,617,172 | +€132,415 | +5.3% |
| Amounts payable after more than one year | 17 | €1,006,650 | €919,447 | -€87,203 | -8.7% |
| Financial debts | 170/4 | €1,006,400 | €919,197 | -€87,203 | -8.7% |
| Other amounts payable | 178/9 | €250 | €250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,849 | €1,281,124 | +€199,275 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €87,203 | €87,203 | = | 0.0% |
| Trade debts | 44 | €722,451 | €855,873 | +€133,422 | +18.5% |
| Suppliers | 440/4 | €722,451 | €855,873 | +€133,422 | +18.5% |
| Taxes, remuneration and social security | 45 | €252,150 | €337,717 | +€85,566 | +33.9% |
| Taxes | 450/3 | €17,243 | €21,815 | +€4,572 | +26.5% |
| Remuneration and social security | 454/9 | €234,907 | €315,901 | +€80,994 | +34.5% |
| Accrued charges and deferred income | 492/3 | €396,258 | €416,601 | +€20,343 | +5.1% |
| Turnover | 70 | €2,679,668 | €2,862,448 | +€182,780 | +6.8% |
| Membership fees, donations, legacies and grants | 73 | €2,506,535 | €2,686,175 | +€179,640 | +7.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,110,616 | €2,016,280 | -€94,336 | -4.5% |
| Remuneration, social security and pensions | 62 | €2,506,450 | €2,704,024 | +€197,574 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651,515 | €615,700 | -€35,815 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €204,906 | €400,543 | +€195,637 | +95.5% |
| Other operating charges | 640/8 | €191,320 | €228,048 | +€36,728 | +19.2% |
| Gross operating margin | 9900 | €3,597,810 | €3,974,126 | +€376,315 | +10.5% |
| Operating profit (loss) | 9901 | €43,619 | €25,810 | -€17,809 | -40.8% |
| Financial income | 75/76B | €31,710 | €72,089 | +€40,379 | +127% |
| Recurring financial income | 75 | €31,710 | €72,089 | +€40,379 | +127% |
| Financial charges | 65/66B | €32,192 | €31,891 | -€301 | -0.9% |
| Recurring financial charges | 65 | €32,192 | €31,891 | -€301 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €43,137 | €66,009 | +€22,872 | +53.0% |
| Profit (loss) for the period | 9904 | €43,137 | €66,009 | +€22,872 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,137 | €66,009 | +€22,872 | +53.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.