KALICO: 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.
KALICO
Largest movements
- Cash -€53,034
down €53,034 (-39.0%), from €135,823 to €82,789
mainly Contributions, distributions and other (-€58,000) and Debts after one year (-€33,707)
- Receivables within one year +€26,599
up €26,599 (+102.4%), from €25,983 to €52,583
of which Trade receivables: +€26,096
- Tangible fixed assets -€9,584
down €9,584 (-1.5%), from €643,564 to €633,980
of which Land and buildings: -€9,313
- Debts after one year -€33,707
down €33,707 (-7.8%), from €434,697 to €400,991
- Reserves -€17,412
down €17,412 (-5.9%), from €296,543 to €279,132
of which Distributable reserves: -€17,412
- Other debts +€8,100
up €8,100 (+415.9%), from €1,948 to €10,048
- Gross operating margin -€2,656
down €2,656 (-2.7%), from €98,001 to €95,345
- Depreciation +€2,519
up €2,519 (+10.7%), from €23,459 to €25,977
- Taxes -€2,036
down €2,036 (-11.0%), from €18,589 to €16,553
- Financial charges -€1,335
down €1,335 (-11.3%), from €11,777 to €10,442
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 | €805,670 | €770,852 | -€34,818 | -4.3% |
| Fixed assets | 21/28 | €643,625 | €634,040 | -€9,584 | -1.5% |
| Tangible fixed assets | 22/27 | €643,564 | €633,980 | -€9,584 | -1.5% |
| Land and buildings | 22 | €630,064 | €620,751 | -€9,313 | -1.5% |
| Plant, machinery and equipment | 23 | €11,824 | €12,214 | +€390 | +3.3% |
| Furniture and vehicles | 24 | €1,677 | €1,015 | -€662 | -39.5% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €162,046 | €136,812 | -€25,234 | -15.6% |
| Amounts receivable within one year | 40/41 | €25,983 | €52,583 | +€26,599 | +102.4% |
| Trade receivables | 40 | €22,924 | €49,020 | +€26,096 | +113.8% |
| Other amounts receivable | 41 | €3,060 | €3,563 | +€503 | +16.5% |
| Cash at bank and in hand | 54/58 | €135,823 | €82,789 | -€53,034 | -39.0% |
| Deferred charges and accrued income | 490/1 | €239 | €1,440 | +€1,201 | +502.1% |
| Total equity and liabilities | 10/49 | €805,670 | €770,852 | -€34,818 | -4.3% |
| Equity | 10/15 | €309,253 | €291,842 | -€17,412 | -5.6% |
| Contributions | 10/11 | €12,710 | €12,710 | = | 0.0% |
| Reserves | 13 | €296,543 | €279,132 | -€17,412 | -5.9% |
| Non-distributable reserves | 130/1 | €7,791 | €7,791 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,791 | €7,791 | = | 0.0% |
| Distributable reserves | 133 | €288,752 | €271,341 | -€17,412 | -6.0% |
| Amounts payable | 17/49 | €496,417 | €479,011 | -€17,407 | -3.5% |
| Amounts payable after more than one year | 17 | €434,697 | €400,991 | -€33,707 | -7.8% |
| Financial debts | 170/4 | €434,697 | €400,991 | -€33,707 | -7.8% |
| Amounts payable within one year | 42/48 | €61,720 | €78,020 | +€16,300 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €35,735 | €36,484 | +€749 | +2.1% |
| Trade debts | 44 | €10,960 | €17,013 | +€6,054 | +55.2% |
| Suppliers | 440/4 | €10,960 | €17,013 | +€6,054 | +55.2% |
| Taxes, remuneration and social security | 45 | €13,077 | €14,474 | +€1,397 | +10.7% |
| Taxes | 450/3 | €13,077 | €14,474 | +€1,397 | +10.7% |
| Other amounts payable | 47/48 | €1,948 | €10,048 | +€8,100 | +415.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,459 | €25,977 | +€2,519 | +10.7% |
| Other operating charges | 640/8 | €1,671 | €2,173 | +€502 | +30.0% |
| Gross operating margin | 9900 | €98,001 | €95,345 | -€2,656 | -2.7% |
| Operating profit (loss) | 9901 | €72,872 | €67,195 | -€5,677 | -7.8% |
| Financial income | 75/76B | €996 | €388 | -€608 | -61.0% |
| Recurring financial income | 75 | €996 | €388 | -€608 | -61.0% |
| Financial charges | 65/66B | €11,777 | €10,442 | -€1,335 | -11.3% |
| Recurring financial charges | 65 | €11,777 | €10,442 | -€1,335 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €62,092 | €57,142 | -€4,950 | -8.0% |
| Income taxes | 67/77 | €18,589 | €16,553 | -€2,036 | -11.0% |
| Profit (loss) for the period | 9904 | €43,502 | €40,588 | -€2,914 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,502 | €40,588 | -€2,914 | -6.7% |
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.