KALIGRAM: 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.
KALIGRAM
Largest movements
- Current investments -€99,942
down €99,942 (-89.1%), from €112,161 to €12,219
- Cash +€77,027
up €77,027 (+49.9%), from €154,502 to €231,528
mainly Current investments (+€99,942) and Net result for the year (+€58,357)
- Tangible fixed assets -€7,644
down €7,644 (-6.3%), from €120,779 to €113,135
of which Land and buildings: -€7,225
- Receivables within one year +€6,034
up €6,034 (+44.3%), from €13,615 to €19,649
of which Trade receivables: +€5,360
- Accrued charges and deferred income -€38,820
down €38,820 (-95.7%), from €40,575 to €1,755
- Other debts +€7,000
up €7,000 (+7.0%), from €100,666 to €107,666
- Gross operating margin +€11,145
up €11,145 (+11.9%), from €93,706 to €104,851
- Staff costs +€4,859
up €4,859 (+14.8%), from €32,768 to €37,627
- Financial income -€1,791
down €1,791 (-50.1%), from €3,575 to €1,783
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 | €404,235 | €377,905 | -€26,330 | -6.5% |
| Fixed assets | 21/28 | €120,953 | €113,309 | -€7,644 | -6.3% |
| Tangible fixed assets | 22/27 | €120,779 | €113,135 | -€7,644 | -6.3% |
| Land and buildings | 22 | €119,425 | €112,200 | -€7,225 | -6.0% |
| Other tangible fixed assets | 26 | €1,354 | €935 | -€419 | -30.9% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €283,282 | €264,596 | -€18,686 | -6.6% |
| Amounts receivable within one year | 40/41 | €13,615 | €19,649 | +€6,034 | +44.3% |
| Trade receivables | 40 | €12,169 | €17,529 | +€5,360 | +44.0% |
| Other amounts receivable | 41 | €1,446 | €2,120 | +€674 | +46.6% |
| Current investments | 50/53 | €112,161 | €12,219 | -€99,942 | -89.1% |
| Cash at bank and in hand | 54/58 | €154,502 | €231,528 | +€77,027 | +49.9% |
| Deferred charges and accrued income | 490/1 | €3,004 | €1,199 | -€1,806 | -60.1% |
| Total equity and liabilities | 10/49 | €404,235 | €377,905 | -€26,330 | -6.5% |
| Equity | 10/15 | €245,938 | €246,629 | +€691 | +0.3% |
| Contributions | 10/11 | €115,288 | €115,288 | = | 0.0% |
| Reserves | 13 | €130,651 | €131,342 | +€691 | +0.5% |
| Non-distributable reserves | 130/1 | €16,574 | €16,574 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,574 | €16,574 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,850 | €6,850 | = | 0.0% |
| Distributable reserves | 133 | €107,227 | €107,918 | +€691 | +0.6% |
| Amounts payable | 17/49 | €158,296 | €131,275 | -€27,021 | -17.1% |
| Amounts payable within one year | 42/48 | €117,722 | €129,520 | +€11,799 | +10.0% |
| Financial debts | 43 | €191 | €119 | -€72 | -37.9% |
| Credit institutions | 430/8 | €191 | €119 | -€72 | -37.9% |
| Trade debts | 44 | €2,755 | €6,593 | +€3,838 | +139% |
| Suppliers | 440/4 | €2,755 | €6,593 | +€3,838 | +139% |
| Taxes, remuneration and social security | 45 | €14,110 | €15,143 | +€1,033 | +7.3% |
| Taxes | 450/3 | €3,212 | €2,531 | -€681 | -21.2% |
| Remuneration and social security | 454/9 | €10,898 | €12,612 | +€1,714 | +15.7% |
| Other amounts payable | 47/48 | €100,666 | €107,666 | +€7,000 | +7.0% |
| Accrued charges and deferred income | 492/3 | €40,575 | €1,755 | -€38,820 | -95.7% |
| Remuneration, social security and pensions | 62 | €32,768 | €37,627 | +€4,859 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,644 | €7,644 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,230 | €2,203 | -€1,027 | -31.8% |
| Non-recurring operating charges | 66A | €244 | - | -€244 | |
| Gross operating margin | 9900 | €93,706 | €104,851 | +€11,145 | +11.9% |
| Operating profit (loss) | 9901 | €49,820 | €57,378 | +€7,558 | +15.2% |
| Financial income | 75/76B | €3,575 | €1,783 | -€1,791 | -50.1% |
| Recurring financial income | 75 | €3,575 | €1,783 | -€1,791 | -50.1% |
| Financial charges | 65/66B | €119 | €105 | -€14 | -11.9% |
| Recurring financial charges | 65 | €119 | €105 | -€14 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €53,275 | €59,056 | +€5,781 | +10.9% |
| Income taxes | 67/77 | €1,103 | €699 | -€403 | -36.6% |
| Profit (loss) for the period | 9904 | €52,173 | €58,357 | +€6,184 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,173 | €58,357 | +€6,184 | +11.9% |
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 24 October 2026 via checked.be.