KALIJU: 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.
KALIJU
Largest movements
- Cash +€593,112
up €593,112 (+689.2%), from €86,055 to €679,167
mainly Net result for the year (+€435,523) and Investment in fixed assets (net) (+€279,405)
- Financial fixed assets -€281,375
down €281,375 (-13.5%), from €2.1m to €1.8m
- Reserves +€435,523
up €435,523 (+9.4%), from €4.6m to €5.1m
- Financial income -€1.1m
down €1.1m (-59.8%), from €1.9m to €761,362
of which Non-recurring financial income: -€1.8m
- Financial charges +€210,884
up €210,884 (+4119.0%), from €5,120 to €216,004
of which Non-recurring financial charges: +€228,000
- Taxes -€115,945
down €115,945 (-72.5%), from €159,889 to €43,944
- Gross operating margin +€65,916
up €65,916 (+54.9%), from -€120,168 to -€54,252
- Depreciation +€1,942
up €1,942 (+480.3%), from €404 to €2,346
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 | €9,586,295 | €10,035,146 | +€448,851 | +4.7% |
| Fixed assets | 21/28 | €2,094,989 | €1,813,238 | -€281,751 | -13.4% |
| Tangible fixed assets | 22/27 | €8,178 | €7,802 | -€376 | -4.6% |
| Furniture and vehicles | 24 | €8,178 | €7,802 | -€376 | -4.6% |
| Financial fixed assets | 28 | €2,086,811 | €1,805,437 | -€281,375 | -13.5% |
| Current assets | 29/58 | €7,491,306 | €8,221,908 | +€730,602 | +9.8% |
| Amounts receivable after more than one year | 29 | €957,615 | €990,915 | +€33,300 | +3.5% |
| Other amounts receivable | 291 | €957,615 | €990,915 | +€33,300 | +3.5% |
| Amounts receivable within one year | 40/41 | €753,409 | €763,124 | +€9,714 | +1.3% |
| Other amounts receivable | 41 | €753,409 | €763,124 | +€9,714 | +1.3% |
| Current investments | 50/53 | €5,663,568 | €5,749,137 | +€85,569 | +1.5% |
| Cash at bank and in hand | 54/58 | €86,055 | €679,167 | +€593,112 | +689.2% |
| Deferred charges and accrued income | 490/1 | €30,659 | €39,565 | +€8,906 | +29.0% |
| Total equity and liabilities | 10/49 | €9,586,295 | €10,035,146 | +€448,851 | +4.7% |
| Equity | 10/15 | €9,428,332 | €9,848,855 | +€420,523 | +4.5% |
| Contributions | 10/11 | €2,976,285 | €2,976,285 | = | 0.0% |
| Reserves | 13 | €4,615,054 | €5,050,577 | +€435,523 | +9.4% |
| Distributable reserves | 133 | €4,615,054 | €5,050,577 | +€435,523 | +9.4% |
| Profit (loss) carried forward | 14 | €1,836,993 | €1,821,993 | -€15,000 | -0.8% |
| Amounts payable | 17/49 | €157,963 | €186,291 | +€28,328 | +17.9% |
| Amounts payable within one year | 42/48 | €157,963 | €186,291 | +€28,328 | +17.9% |
| Trade debts | 44 | €1,855 | €784 | -€1,071 | -57.7% |
| Suppliers | 440/4 | €1,855 | €784 | -€1,071 | -57.7% |
| Taxes, remuneration and social security | 45 | €156,108 | €170,507 | +€14,399 | +9.2% |
| Taxes | 450/3 | €156,108 | €170,507 | +€14,399 | +9.2% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €2,346 | +€1,942 | +480.3% |
| Other operating charges | 640/8 | €9,252 | €9,293 | +€41 | +0.4% |
| Gross operating margin | 9900 | -€120,168 | -€54,252 | +€65,916 | +54.9% |
| Operating profit (loss) | 9901 | -€129,824 | -€65,891 | +€63,934 | +49.2% |
| Financial income | 75/76B | €1,893,728 | €761,362 | -€1.1m | -59.8% |
| Recurring financial income | 75 | €127,133 | €761,362 | +€634,229 | +498.9% |
| Non-recurring financial income | 76B | €1,766,595 | €0 | -€1.8m | -100.0% |
| Financial charges | 65/66B | €5,120 | €216,004 | +€210,884 | +4119.0% |
| Recurring financial charges | 65 | €5,120 | -€11,995 | -€17,115 | |
| Non-recurring financial charges | 66B | - | €228,000 | +€228,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,758,784 | €479,467 | -€1.3m | -72.7% |
| Income taxes | 67/77 | €159,889 | €43,944 | -€115,945 | -72.5% |
| Profit (loss) for the period | 9904 | €1,598,894 | €435,523 | -€1.2m | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,598,894 | €435,523 | -€1.2m | -72.8% |
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 11 October 2026 via checked.be.