Kali Concept: 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.
Kali Concept
Largest movements
- Receivables within one year +€79,107
up €79,107 (+166%), from €47,624 to €126,731
of which Trade receivables: +€79,401
- Cash +€37,786
up €37,786 (+40.9%), from €92,286 to €130,072
mainly Net result for the year (+€123,738) and Other debts (+€24,546)
- Tangible fixed assets +€17,746
up €17,746 (+194%), from €9,166 to €26,912
of which Furniture and vehicles: +€14,303
- Reserves +€88,024
new in 2025: €88,024
- Other debts +€24,546
up €24,546 (+5,410%), from €454 to €25,000
- Tax, wage and social debts +€20,660
up €20,660 (+70.2%), from €29,411 to €50,071
- Gross operating margin +€91,112
up €91,112 (+76.7%), from €118,831 to €209,944
- Financial charges +€30,835
up €30,835 (+3,400%), from €907 to €31,742
- Taxes +€21,297
up €21,297 (+72.4%), from €29,411 to €50,708
- Depreciation +€2,441
up €2,441 (+788%), from €310 to €2,750
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 | €150,115 | €285,426 | +€135,310 | +90.1% |
| Fixed assets | 21/28 | €9,166 | €26,912 | +€17,746 | +194% |
| Tangible fixed assets | 22/27 | €9,166 | €26,912 | +€17,746 | +194% |
| Furniture and vehicles | 24 | €7,706 | €22,009 | +€14,303 | +186% |
| Other tangible fixed assets | 26 | €1,461 | €4,903 | +€3,443 | +236% |
| Current assets | 29/58 | €140,949 | €258,514 | +€117,565 | +83.4% |
| Amounts receivable within one year | 40/41 | €47,624 | €126,731 | +€79,107 | +166% |
| Trade receivables | 40 | €36,300 | €115,701 | +€79,401 | +219% |
| Other amounts receivable | 41 | €11,324 | €11,031 | -€294 | -2.6% |
| Cash at bank and in hand | 54/58 | €92,286 | €130,072 | +€37,786 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,039 | €1,711 | +€672 | +64.6% |
| Total equity and liabilities | 10/49 | €150,115 | €285,426 | +€135,310 | +90.1% |
| Equity | 10/15 | €103,462 | €191,486 | +€88,024 | +85.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | - | €88,024 | +€88,024 | |
| Distributable reserves | 133 | - | €88,024 | +€88,024 | |
| Profit (loss) carried forward | 14 | €97,262 | €97,262 | = | 0.0% |
| Amounts payable | 17/49 | €46,654 | €93,940 | +€47,287 | +101% |
| Amounts payable within one year | 42/48 | €46,654 | €93,940 | +€47,287 | +101% |
| Trade debts | 44 | €16,789 | €18,869 | +€2,080 | +12.4% |
| Suppliers | 440/4 | €16,789 | €18,869 | +€2,080 | +12.4% |
| Taxes, remuneration and social security | 45 | €29,411 | €50,071 | +€20,660 | +70.2% |
| Taxes | 450/3 | €29,411 | €50,071 | +€20,660 | +70.2% |
| Other amounts payable | 47/48 | €454 | €25,000 | +€24,546 | +5,410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €2,750 | +€2,441 | +788% |
| Other operating charges | 640/8 | €44 | €1,006 | +€962 | +2,186% |
| Gross operating margin | 9900 | €118,831 | €209,944 | +€91,112 | +76.7% |
| Operating profit (loss) | 9901 | €118,478 | €206,188 | +€87,710 | +74.0% |
| Financial charges | 65/66B | €907 | €31,742 | +€30,835 | +3,400% |
| Recurring financial charges | 65 | €907 | €31,742 | +€30,835 | +3,400% |
| Profit (loss) for the period before taxes | 9903 | €117,571 | €174,446 | +€56,875 | +48.4% |
| Income taxes | 67/77 | €29,411 | €50,708 | +€21,297 | +72.4% |
| Profit (loss) for the period | 9904 | €88,160 | €123,738 | +€35,578 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,160 | €123,738 | +€35,578 | +40.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.