KALICE: 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.
KALICE
Largest movements
- Cash -€701,341
down €701,341 (-88.5%), from €792,441 to €91,100
mainly Debts after one year (-€415,094) and Receivables within one year (-€403,436)
- Tangible fixed assets -€465,607
down €465,607 (-21.3%), from €2.2m to €1.7m
- Receivables within one year +€403,436
up €403,436 (+21,767%), from €1,853 to €405,289
of which Other amounts receivable: +€399,952
- Current investments +€351,832
new in 2025: €351,832
- Debts after one year -€415,094
down €415,094 (-16.1%), from €2.6m to €2.2m
- Profit (loss) carried forward +€96,579
up €96,579 (+162%), from €59,574 to €156,152
- Tax, wage and social debts -€86,630
down €86,630 (-60.0%), from €144,501 to €57,871
- Accrued charges and deferred income +€44,582
new in 2025: €44,582
- Trade debts -€38,128
down €38,128 (-99.7%), from €38,255 to €127
- Gross operating margin +€190,327
up €190,327 (+106%), from €179,534 to €369,861
- Other operating charges +€90,223
up €90,223 (+981%), from €9,193 to €99,415
- Financial charges +€56,074
up €56,074 (+96.4%), from €58,193 to €114,267
- Depreciation +€26,345
up €26,345 (+69.9%), from €37,682 to €64,027
- Taxes -€14,893
down €14,893 (-100%), from €14,893 to €0
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 | €2,985,989 | €2,573,585 | -€412,404 | -13.8% |
| Formation expenses | 20 | €737 | €0 | -€737 | -100% |
| Fixed assets | 21/28 | €2,189,552 | €1,723,945 | -€465,607 | -21.3% |
| Tangible fixed assets | 22/27 | €2,189,552 | €1,723,945 | -€465,607 | -21.3% |
| Land and buildings | 22 | €2,189,552 | €1,723,945 | -€465,607 | -21.3% |
| Current assets | 29/58 | €795,701 | €849,640 | +€53,939 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,853 | €405,289 | +€403,436 | +21,767% |
| Trade receivables | 40 | €1,800 | €5,284 | +€3,484 | +194% |
| Other amounts receivable | 41 | €53 | €400,006 | +€399,952 | +748,273% |
| Current investments | 50/53 | - | €351,832 | +€351,832 | |
| Cash at bank and in hand | 54/58 | €792,441 | €91,100 | -€701,341 | -88.5% |
| Deferred charges and accrued income | 490/1 | €1,406 | €1,418 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €2,985,989 | €2,573,585 | -€412,404 | -13.8% |
| Equity | 10/15 | €134,574 | €231,152 | +€96,579 | +71.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,574 | €156,152 | +€96,579 | +162% |
| Amounts payable | 17/49 | €2,851,415 | €2,342,433 | -€508,983 | -17.9% |
| Amounts payable after more than one year | 17 | €2,582,960 | €2,167,865 | -€415,094 | -16.1% |
| Financial debts | 170/4 | €2,582,960 | €2,167,865 | -€415,094 | -16.1% |
| Amounts payable within one year | 42/48 | €268,456 | €129,986 | -€138,470 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €83,522 | €71,987 | -€11,534 | -13.8% |
| Trade debts | 44 | €38,255 | €127 | -€38,128 | -99.7% |
| Suppliers | 440/4 | €38,255 | €127 | -€38,128 | -99.7% |
| Advances received on contracts in progress | 46 | €2,178 | €0 | -€2,178 | -100% |
| Taxes, remuneration and social security | 45 | €144,501 | €57,871 | -€86,630 | -60.0% |
| Taxes | 450/3 | €144,501 | €57,871 | -€86,630 | -60.0% |
| Accrued charges and deferred income | 492/3 | - | €44,582 | +€44,582 | |
| Non-recurring operating income | 76A | €211,159 | €248,578 | +€37,418 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,682 | €64,027 | +€26,345 | +69.9% |
| Other operating charges | 640/8 | €9,193 | €99,415 | +€90,223 | +981% |
| Gross operating margin | 9900 | €179,534 | €369,861 | +€190,327 | +106% |
| Operating profit (loss) | 9901 | €132,660 | €206,418 | +€73,758 | +55.6% |
| Financial income | 75/76B | - | €4,587 | +€4,587 | |
| Recurring financial income | 75 | - | €4,587 | +€4,587 | |
| Financial charges | 65/66B | €58,193 | €114,267 | +€56,074 | +96.4% |
| Recurring financial charges | 65 | €58,193 | €114,267 | +€56,074 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €74,467 | €96,738 | +€22,271 | +29.9% |
| Income taxes | 67/77 | €14,893 | €0 | -€14,893 | -100% |
| Profit (loss) for the period | 9904 | €59,574 | €96,738 | +€37,164 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,574 | €96,738 | +€37,164 | +62.4% |
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 18 October 2026 via checked.be.