KALIMAR: 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.
KALIMAR
Largest movements
- Current investments -€84,050
down €84,050 (-11.1%), from €757,645 to €673,595
- Cash +€23,319
up €23,319 (+24.1%), from €96,634 to €119,953
mainly Net result for the year (+€126,095) and Current investments (+€84,050)
- Receivables within one year +€17,027
up €17,027 (+102.4%), from €16,632 to €33,659
of which Other amounts receivable: +€10,929
- Reserves -€69,125
down €69,125 (-11.5%), from €600,541 to €531,416
of which Distributable reserves: -€48,075
- Other debts +€41,976
up €41,976 (+21.8%), from €192,161 to €234,137
- Tax, wage and social debts -€20,671
down €20,671 (-70.2%), from €29,459 to €8,788
- Financial charges +€32,860
up €32,860, from -€20,877 to €11,983
- Gross operating margin -€24,332
down €24,332 (-12.3%), from €197,752 to €173,420
- Taxes -€14,579
down €14,579 (-19.4%), from €75,053 to €60,474
- Financial income +€6,643
up €6,643 (+30.2%), from €21,977 to €28,620
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 | €880,788 | €838,256 | -€42,532 | -4.8% |
| Fixed assets | 21/28 | €8,309 | €9,580 | +€1,271 | +15.3% |
| Tangible fixed assets | 22/27 | €7,444 | €8,715 | +€1,271 | +17.1% |
| Furniture and vehicles | 24 | €1,222 | €4,219 | +€2,997 | +245.2% |
| Other tangible fixed assets | 26 | €6,222 | €4,496 | -€1,726 | -27.7% |
| Financial fixed assets | 28 | €865 | €865 | = | 0.0% |
| Current assets | 29/58 | €872,480 | €828,677 | -€43,803 | -5.0% |
| Amounts receivable within one year | 40/41 | €16,632 | €33,659 | +€17,027 | +102.4% |
| Trade receivables | 40 | €16,632 | €22,730 | +€6,097 | +36.7% |
| Other amounts receivable | 41 | - | €10,929 | +€10,929 | |
| Current investments | 50/53 | €757,645 | €673,595 | -€84,050 | -11.1% |
| Cash at bank and in hand | 54/58 | €96,634 | €119,953 | +€23,319 | +24.1% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,469 | -€99 | -6.3% |
| Total equity and liabilities | 10/49 | €880,788 | €838,256 | -€42,532 | -4.8% |
| Equity | 10/15 | €629,872 | €562,607 | -€67,265 | -10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €600,541 | €531,416 | -€69,125 | -11.5% |
| Tax-exempt reserves | 132 | €21,050 | €0 | -€21,050 | -100.0% |
| Distributable reserves | 133 | €579,491 | €531,416 | -€48,075 | -8.3% |
| Profit (loss) carried forward | 14 | €23,131 | €24,991 | +€1,860 | +8.0% |
| Provisions and deferred taxes | 16 | €26,583 | €26,583 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,583 | €26,583 | = | 0.0% |
| Pensions and similar obligations | 160 | €26,583 | €26,583 | = | 0.0% |
| Amounts payable | 17/49 | €224,333 | €249,066 | +€24,733 | +11.0% |
| Amounts payable within one year | 42/48 | €222,030 | €246,651 | +€24,621 | +11.1% |
| Trade debts | 44 | €409 | €3,725 | +€3,316 | +810.7% |
| Suppliers | 440/4 | €409 | €3,725 | +€3,316 | +810.7% |
| Taxes, remuneration and social security | 45 | €29,459 | €8,788 | -€20,671 | -70.2% |
| Taxes | 450/3 | €29,459 | €8,788 | -€20,671 | -70.2% |
| Other amounts payable | 47/48 | €192,161 | €234,137 | +€41,976 | +21.8% |
| Accrued charges and deferred income | 492/3 | €2,304 | €2,416 | +€112 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,188 | €2,490 | +€302 | +13.8% |
| Other operating charges | 640/8 | €427 | €998 | +€571 | +133.6% |
| Non-recurring operating charges | 66A | €238 | €0 | -€238 | -100.0% |
| Gross operating margin | 9900 | €197,752 | €173,420 | -€24,332 | -12.3% |
| Operating profit (loss) | 9901 | €194,899 | €169,932 | -€24,967 | -12.8% |
| Financial income | 75/76B | €21,977 | €28,620 | +€6,643 | +30.2% |
| Recurring financial income | 75 | €21,977 | €28,620 | +€6,643 | +30.2% |
| Financial charges | 65/66B | -€20,877 | €11,983 | +€32,860 | |
| Recurring financial charges | 65 | -€20,877 | €11,983 | +€32,860 | |
| Profit (loss) for the period before taxes | 9903 | €237,753 | €186,570 | -€51,184 | -21.5% |
| Income taxes | 67/77 | €75,053 | €60,474 | -€14,579 | -19.4% |
| Profit (loss) for the period | 9904 | €162,700 | €126,095 | -€36,605 | -22.5% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €21,050 | -€42,100 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €225,850 | €147,145 | -€78,705 | -34.8% |
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 5 October 2026 via checked.be.