KALIKO: what changed
Two fiscal 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.
KALIKO
Largest movements
- Tangible fixed assets -€61,418
down €61,418 (-7.7%), from €798,706 to €737,288
of which Assets under construction and advance payments: -€148,510
- Debts after one year -€29,129
down €29,129 (-4.6%), from €638,860 to €609,731
- Other debts -€9,762
down €9,762 (-13.0%), from €74,880 to €65,118
- Profit (loss) carried forward -€9,699
down €9,699 (-3.1%), from -€310,840 to -€320,539
- Current portion of long-term debt -€9,216
down €9,216 (-22.5%), from €40,946 to €31,730
- Gross operating margin -€27,837
down €27,837 (-24.9%), from €111,570 to €83,734
- Financial charges -€5,083
down €5,083 (-38.5%), from €13,194 to €8,111
- Depreciation -€2,291
down €2,291 (-2.9%), from €79,926 to €77,635
- Other operating charges -€1,660
down €1,660 (-18.3%), from €9,066 to €7,406
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 | €801,954 | €743,509 | -€58,444 | -7.3% |
| Fixed assets | 21/28 | €798,706 | €737,288 | -€61,418 | -7.7% |
| Tangible fixed assets | 22/27 | €798,706 | €737,288 | -€61,418 | -7.7% |
| Land and buildings | 22 | €612,264 | €719,147 | +€106,882 | +17.5% |
| Furniture and vehicles | 24 | €37,931 | €18,141 | -€19,790 | -52.2% |
| Assets under construction and advance payments | 27 | €148,510 | - | -€148,510 | |
| Current assets | 29/58 | €3,248 | €6,222 | +€2,974 | +91.5% |
| Cash at bank and in hand | 54/58 | - | €2,805 | +€2,805 | |
| Deferred charges and accrued income | 490/1 | €3,248 | €3,417 | +€169 | +5.2% |
| Total equity and liabilities | 10/49 | €801,954 | €743,509 | -€58,444 | -7.3% |
| Equity | 10/15 | €43,609 | €33,911 | -€9,699 | -22.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €154,450 | €154,450 | = | 0.0% |
| Distributable reserves | 133 | €154,450 | €154,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€310,840 | -€320,539 | -€9,699 | -3.1% |
| Amounts payable | 17/49 | €758,345 | €709,599 | -€48,746 | -6.4% |
| Amounts payable after more than one year | 17 | €638,860 | €609,731 | -€29,129 | -4.6% |
| Financial debts | 170/4 | €638,860 | €609,731 | -€29,129 | -4.6% |
| Amounts payable within one year | 42/48 | €118,428 | €98,748 | -€19,680 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €40,946 | €31,730 | -€9,216 | -22.5% |
| Financial debts | 43 | €2,030 | - | -€2,030 | |
| Credit institutions | 430/8 | €2,030 | - | -€2,030 | |
| Trade debts | 44 | €4 | €1,311 | +€1,306 | +30306.7% |
| Suppliers | 440/4 | €4 | €1,311 | +€1,306 | +30306.7% |
| Taxes, remuneration and social security | 45 | €568 | €589 | +€21 | +3.8% |
| Taxes | 450/3 | €568 | €589 | +€21 | +3.8% |
| Other amounts payable | 47/48 | €74,880 | €65,118 | -€9,762 | -13.0% |
| Accrued charges and deferred income | 492/3 | €1,057 | €1,120 | +€63 | +6.0% |
| Non-recurring operating income | 76A | €47,847 | €25,215 | -€22,633 | -47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,926 | €77,635 | -€2,291 | -2.9% |
| Other operating charges | 640/8 | €9,066 | €7,406 | -€1,660 | -18.3% |
| Gross operating margin | 9900 | €111,570 | €83,734 | -€27,837 | -24.9% |
| Operating profit (loss) | 9901 | €22,578 | -€1,307 | -€23,885 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €13,194 | €8,111 | -€5,083 | -38.5% |
| Recurring financial charges | 65 | €13,194 | €8,111 | -€5,083 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €9,384 | -€9,418 | -€18,803 | |
| Income taxes | 67/77 | €693 | €281 | -€413 | -59.5% |
| Profit (loss) for the period | 9904 | €8,691 | -€9,699 | -€18,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,691 | -€9,699 | -€18,390 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.