KALIKA: 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.
KALIKA
Largest movements
- Stocks and contracts -€53,591
down €53,591 (-32.0%), from €167,499 to €113,909
- Receivables within one year -€23,492
down €23,492 (-54.0%), from €43,492 to €20,000
of which Trade receivables: -€43,059
- Tangible fixed assets -€14,898
down €14,898 (-48.2%), from €30,920 to €16,023
of which Furniture and vehicles: -€14,683
- Deferred charges and accrued income -€3,434
down €3,434 (-79.5%), from €4,321 to €887
- Cash -€3,304
down €3,304 (-9.2%), from €35,940 to €32,636
mainly Short-term financial debts (-€41,000) and Debts after one year (-€19,134)
- Short-term financial debts -€41,000
down €41,000 (-100.0%), from €41,000 to €0
- Debts after one year -€19,134
down €19,134 (-15.2%), from €125,559 to €106,425
of which Financial debts: -€19,134
- Trade debts -€15,494
down €15,494 (-50.3%), from €30,803 to €15,309
- Reserves -€14,834
down €14,834 (-38.3%), from €38,731 to €23,897
of which Distributable reserves: -€14,834
- Current portion of long-term debt -€11,410
down €11,410 (-39.9%), from €28,600 to €17,190
- Financial charges -€1,322
down €1,322 (-17.1%), from €7,751 to €6,428
- Gross operating margin -€666
down €666 (-2.6%), from €25,820 to €25,154
- Financial income -€632
down €632 (-81.5%), from €775 to €143
- Other operating charges +€367
up €367 (+14.7%), from €2,498 to €2,865
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 | €303,773 | €205,056 | -€98,716 | -32.5% |
| Fixed assets | 21/28 | €52,520 | €37,623 | -€14,898 | -28.4% |
| Tangible fixed assets | 22/27 | €30,920 | €16,023 | -€14,898 | -48.2% |
| Land and buildings | 22 | €869 | €811 | -€58 | -6.7% |
| Plant, machinery and equipment | 23 | €685 | €528 | -€157 | -22.9% |
| Furniture and vehicles | 24 | €29,366 | €14,683 | -€14,683 | -50.0% |
| Financial fixed assets | 28 | €21,600 | €21,600 | = | 0.0% |
| Current assets | 29/58 | €251,253 | €167,434 | -€83,819 | -33.4% |
| Stocks and contracts in progress | 3 | €167,499 | €113,909 | -€53,591 | -32.0% |
| Stocks | 30/36 | €167,499 | €113,909 | -€53,591 | -32.0% |
| Amounts receivable within one year | 40/41 | €43,492 | €20,000 | -€23,492 | -54.0% |
| Trade receivables | 40 | €43,059 | €0 | -€43,059 | -100.0% |
| Other amounts receivable | 41 | €433 | €20,000 | +€19,567 | +4522.1% |
| Current investments | 50/53 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €35,940 | €32,636 | -€3,304 | -9.2% |
| Deferred charges and accrued income | 490/1 | €4,321 | €887 | -€3,434 | -79.5% |
| Total equity and liabilities | 10/49 | €303,773 | €205,056 | -€98,716 | -32.5% |
| Equity | 10/15 | €57,331 | €43,146 | -€14,185 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,731 | €23,897 | -€14,834 | -38.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,037 | €8,037 | = | 0.0% |
| Distributable reserves | 133 | €28,834 | €14,000 | -€14,834 | -51.4% |
| Profit (loss) carried forward | 14 | - | €649 | +€649 | |
| Amounts payable | 17/49 | €246,441 | €161,910 | -€84,531 | -34.3% |
| Amounts payable after more than one year | 17 | €125,559 | €106,425 | -€19,134 | -15.2% |
| Financial debts | 170/4 | €25,559 | €6,425 | -€19,134 | -74.9% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €120,882 | €55,485 | -€65,397 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €28,600 | €17,190 | -€11,410 | -39.9% |
| Financial debts | 43 | €41,000 | €0 | -€41,000 | -100.0% |
| Credit institutions | 430/8 | €41,000 | €0 | -€41,000 | -100.0% |
| Trade debts | 44 | €30,803 | €15,309 | -€15,494 | -50.3% |
| Suppliers | 440/4 | €30,803 | €15,309 | -€15,494 | -50.3% |
| Taxes, remuneration and social security | 45 | €9,960 | €7,057 | -€2,904 | -29.2% |
| Taxes | 450/3 | €9,960 | €7,057 | -€2,904 | -29.2% |
| Other amounts payable | 47/48 | €10,519 | €15,930 | +€5,410 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,899 | €14,898 | -€1 | 0.0% |
| Other operating charges | 640/8 | €2,498 | €2,865 | +€367 | +14.7% |
| Non-recurring operating charges | 66A | - | €14,236 | +€14,236 | |
| Gross operating margin | 9900 | €25,820 | €25,154 | -€666 | -2.6% |
| Operating profit (loss) | 9901 | €8,424 | -€6,844 | -€15,267 | |
| Financial income | 75/76B | €775 | €143 | -€632 | -81.5% |
| Recurring financial income | 75 | €775 | €143 | -€632 | -81.5% |
| Financial charges | 65/66B | €7,751 | €6,428 | -€1,322 | -17.1% |
| Recurring financial charges | 65 | €7,751 | €6,428 | -€1,322 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,448 | -€13,129 | -€14,577 | |
| Income taxes | 67/77 | €1,042 | €1,056 | +€14 | +1.4% |
| Profit (loss) for the period | 9904 | €406 | -€14,185 | -€14,591 | |
| Profit (loss) for the period to be appropriated | 9905 | €406 | -€14,185 | -€14,591 |
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.