Kalfhoek: 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.
Kalfhoek
Largest movements
- Tangible fixed assets -€19,914
down €19,914 (-1.2%), from €1.7m to €1.7m
- Profit (loss) carried forward +€124,412
up €124,412 (+14.6%), from €849,573 to €973,985
- Reserves -€117,611
down €117,611 (-21.5%), from €547,990 to €430,380
of which Tax-exempt reserves: -€117,611
- Depreciation +€10,094
up €10,094 (+103%), from €9,821 to €19,914
- Taxes -€3,973
down €3,973 (-63.7%), from €6,240 to €2,267
- Gross operating margin -€3,211
down €3,211 (-9.2%), from €34,911 to €31,700
- Other operating charges +€3,197
up €3,197 (+649%), from €493 to €3,690
- Financial income +€652
up €652 (+174%), from €375 to €1,027
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 | €1,701,271 | €1,700,554 | -€717 | 0.0% |
| Fixed assets | 21/28 | €1,688,291 | €1,668,377 | -€19,914 | -1.2% |
| Tangible fixed assets | 22/27 | €1,688,291 | €1,668,377 | -€19,914 | -1.2% |
| Land and buildings | 22 | €1,688,291 | €1,668,377 | -€19,914 | -1.2% |
| Current assets | 29/58 | €12,980 | €32,177 | +€19,198 | +148% |
| Amounts receivable within one year | 40/41 | €12,375 | €25,511 | +€13,136 | +106% |
| Other amounts receivable | 41 | €12,375 | €25,511 | +€13,136 | +106% |
| Cash at bank and in hand | 54/58 | €605 | €6,667 | +€6,062 | +1,003% |
| Total equity and liabilities | 10/49 | €1,701,271 | €1,700,554 | -€717 | 0.0% |
| Equity | 10/15 | €1,666,831 | €1,673,632 | +€6,801 | +0.4% |
| Contributions | 10/11 | €269,268 | €269,268 | = | 0.0% |
| Capital | 10 | €269,268 | €269,268 | = | 0.0% |
| Issued capital | 100 | €269,268 | €269,268 | = | 0.0% |
| Reserves | 13 | €547,990 | €430,380 | -€117,611 | -21.5% |
| Non-distributable reserves | 130/1 | €45,754 | €45,754 | = | 0.0% |
| Legal reserve | 130 | €37,398 | €37,398 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,355 | €8,355 | = | 0.0% |
| Tax-exempt reserves | 132 | €394,262 | €276,651 | -€117,611 | -29.8% |
| Distributable reserves | 133 | €107,975 | €107,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €849,573 | €973,985 | +€124,412 | +14.6% |
| Amounts payable | 17/49 | €34,440 | €26,922 | -€7,518 | -21.8% |
| Amounts payable within one year | 42/48 | €34,440 | €26,922 | -€7,518 | -21.8% |
| Trade debts | 44 | - | €142 | +€142 | |
| Suppliers | 440/4 | - | €142 | +€142 | |
| Taxes, remuneration and social security | 45 | €6,240 | €8,507 | +€2,267 | +36.3% |
| Taxes | 450/3 | €6,240 | €8,507 | +€2,267 | +36.3% |
| Other amounts payable | 47/48 | €28,200 | €18,274 | -€9,926 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,821 | €19,914 | +€10,094 | +103% |
| Other operating charges | 640/8 | €493 | €3,690 | +€3,197 | +649% |
| Gross operating margin | 9900 | €34,911 | €31,700 | -€3,211 | -9.2% |
| Operating profit (loss) | 9901 | €24,597 | €8,096 | -€16,502 | -67.1% |
| Financial income | 75/76B | €375 | €1,027 | +€652 | +174% |
| Recurring financial income | 75 | €375 | €1,027 | +€652 | +174% |
| Financial charges | 65/66B | €14 | €54 | +€41 | +300% |
| Recurring financial charges | 65 | €14 | €54 | +€41 | +300% |
| Profit (loss) for the period before taxes | 9903 | €24,959 | €9,068 | -€15,891 | -63.7% |
| Income taxes | 67/77 | €6,240 | €2,267 | -€3,973 | -63.7% |
| Profit (loss) for the period | 9904 | €18,719 | €6,801 | -€11,918 | -63.7% |
| Transfer from tax-exempt reserves | 789 | €629,866 | €117,611 | -€512,255 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €648,585 | €124,412 | -€524,173 | -80.8% |
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 23 October 2026 via checked.be.