KALI-SA: 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-SA
Largest movements
- Cash +€36,640
up €36,640 (+58.3%), from €62,867 to €99,507
mainly Net result for the year (+€31,200) and Investment in fixed assets (net) (+€6,335)
- Tangible fixed assets -€11,188
down €11,188 (-56.4%), from €19,832 to €8,644
of which Plant, machinery and equipment: -€8,768
- Receivables within one year +€7,618
up €7,618 (+44.8%), from €17,007 to €24,625
of which Trade receivables: +€7,899
- Reserves +€27,000
up €27,000 (+79.7%), from €33,860 to €60,860
of which Distributable reserves: +€27,000
- Tax, wage and social debts +€5,197
up €5,197 (+868.9%), from €598 to €5,795
of which Taxes: +€5,795
- Other debts +€4,515
up €4,515 (+107.9%), from €4,185 to €8,699
- Trade debts -€3,595
down €3,595 (-66.2%), from €5,430 to €1,836
- Gross operating margin +€35,545
up €35,545 (+148.1%), from €24,001 to €59,546
- Taxes +€10,358
up €10,358 (+244.5%), from €4,236 to €14,593
- Other operating charges +€7,863
up €7,863 (+972.2%), from €809 to €8,672
- Depreciation -€2,797
down €2,797 (-36.6%), from €7,650 to €4,854
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 | €100,902 | €135,219 | +€34,317 | +34.0% |
| Fixed assets | 21/28 | €19,832 | €8,644 | -€11,188 | -56.4% |
| Tangible fixed assets | 22/27 | €19,832 | €8,644 | -€11,188 | -56.4% |
| Plant, machinery and equipment | 23 | €12,500 | €3,733 | -€8,768 | -70.1% |
| Furniture and vehicles | 24 | €7,331 | €4,911 | -€2,421 | -33.0% |
| Current assets | 29/58 | €81,070 | €126,576 | +€45,505 | +56.1% |
| Amounts receivable within one year | 40/41 | €17,007 | €24,625 | +€7,618 | +44.8% |
| Trade receivables | 40 | €11,225 | €19,125 | +€7,899 | +70.4% |
| Other amounts receivable | 41 | €5,782 | €5,501 | -€281 | -4.9% |
| Cash at bank and in hand | 54/58 | €62,867 | €99,507 | +€36,640 | +58.3% |
| Deferred charges and accrued income | 490/1 | €1,195 | €2,443 | +€1,248 | +104.4% |
| Total equity and liabilities | 10/49 | €100,902 | €135,219 | +€34,317 | +34.0% |
| Equity | 10/15 | €90,689 | €118,889 | +€28,200 | +31.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,860 | €60,860 | +€27,000 | +79.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €59,000 | +€27,000 | +84.4% |
| Profit (loss) carried forward | 14 | €50,629 | €51,829 | +€1,200 | +2.4% |
| Amounts payable | 17/49 | €10,213 | €16,330 | +€6,117 | +59.9% |
| Amounts payable within one year | 42/48 | €10,213 | €16,330 | +€6,117 | +59.9% |
| Trade debts | 44 | €5,430 | €1,836 | -€3,595 | -66.2% |
| Suppliers | 440/4 | €5,430 | €1,836 | -€3,595 | -66.2% |
| Taxes, remuneration and social security | 45 | €598 | €5,795 | +€5,197 | +868.9% |
| Taxes | 450/3 | - | €5,795 | +€5,795 | |
| Remuneration and social security | 454/9 | €598 | - | -€598 | |
| Other amounts payable | 47/48 | €4,185 | €8,699 | +€4,515 | +107.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,650 | €4,854 | -€2,797 | -36.6% |
| Other operating charges | 640/8 | €809 | €8,672 | +€7,863 | +972.2% |
| Gross operating margin | 9900 | €24,001 | €59,546 | +€35,545 | +148.1% |
| Operating profit (loss) | 9901 | €15,542 | €46,020 | +€30,478 | +196.1% |
| Financial income | 75/76B | €17 | €22 | +€5 | +30.7% |
| Recurring financial income | 75 | €17 | €22 | +€5 | +30.7% |
| Financial charges | 65/66B | €193 | €248 | +€56 | +29.0% |
| Recurring financial charges | 65 | €193 | €248 | +€56 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €15,366 | €45,793 | +€30,428 | +198.0% |
| Income taxes | 67/77 | €4,236 | €14,593 | +€10,358 | +244.5% |
| Profit (loss) for the period | 9904 | €11,130 | €31,200 | +€20,070 | +180.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,130 | €31,200 | +€20,070 | +180.3% |
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 12 October 2026 via checked.be.