KALIN: 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.
KALIN
Largest movements
- Cash -€15,473
down €15,473 (-33.9%), from €45,634 to €30,161
mainly Debts after one year (-€8,500) and Trade debts (-€5,624)
- Debts after one year -€8,500
down €8,500 (-17.7%), from €48,000 to €39,500
- Trade debts -€5,624
down €5,624 (-49.8%), from €11,293 to €5,670
- Reserves +€2,079
up €2,079 (+3.3%), from €62,754 to €64,833
- Gross operating margin -€7,001
down €7,001 (-15.8%), from €44,248 to €37,247
- Write-downs -€2,372
down €2,372 (-41.6%), from €5,698 to €3,326
- Financial charges -€1,468
down €1,468 (-38.7%), from €3,793 to €2,324
- Other operating charges -€879
down €879 (-45.4%), from €1,935 to €1,056
- Staff costs +€782
up €782 (+2.7%), from €29,129 to €29,911
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 | €163,685 | €150,480 | -€13,205 | -8.1% |
| Fixed assets | 21/28 | €3,557 | €4,233 | +€676 | +19.0% |
| Tangible fixed assets | 22/27 | €3,407 | €4,083 | +€676 | +19.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,081 | €1,357 | -€723 | -34.8% |
| Furniture and vehicles | 24 | €1,326 | €938 | -€388 | -29.3% |
| Other tangible fixed assets | 26 | - | €1,788 | +€1,788 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €160,128 | €146,247 | -€13,881 | -8.7% |
| Stocks and contracts in progress | 3 | €108,256 | €107,539 | -€717 | -0.7% |
| Stocks | 30/36 | €108,256 | €107,539 | -€717 | -0.7% |
| Amounts receivable within one year | 40/41 | €3,246 | €4,731 | +€1,485 | +45.8% |
| Trade receivables | 40 | €560 | €1,930 | +€1,370 | +245% |
| Other amounts receivable | 41 | €2,686 | €2,801 | +€116 | +4.3% |
| Cash at bank and in hand | 54/58 | €45,634 | €30,161 | -€15,473 | -33.9% |
| Deferred charges and accrued income | 490/1 | €2,992 | €3,816 | +€824 | +27.5% |
| Total equity and liabilities | 10/49 | €163,685 | €150,480 | -€13,205 | -8.1% |
| Equity | 10/15 | €81,795 | €83,874 | +€2,079 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,754 | €64,833 | +€2,079 | +3.3% |
| Distributable reserves | 133 | €62,754 | €64,833 | +€2,079 | +3.3% |
| Profit (loss) carried forward | 14 | €441 | €441 | = | 0.0% |
| Amounts payable | 17/49 | €81,890 | €66,606 | -€15,284 | -18.7% |
| Amounts payable after more than one year | 17 | €48,000 | €39,500 | -€8,500 | -17.7% |
| Financial debts | 170/4 | €48,000 | €39,500 | -€8,500 | -17.7% |
| Amounts payable within one year | 42/48 | €30,890 | €23,986 | -€6,904 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,293 | €5,670 | -€5,624 | -49.8% |
| Suppliers | 440/4 | €11,293 | €5,670 | -€5,624 | -49.8% |
| Taxes, remuneration and social security | 45 | €19,306 | €18,025 | -€1,281 | -6.6% |
| Taxes | 450/3 | €10,442 | €9,254 | -€1,188 | -11.4% |
| Remuneration and social security | 454/9 | €8,865 | €8,771 | -€94 | -1.1% |
| Other amounts payable | 47/48 | €290 | €291 | +€1 | +0.5% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,120 | +€120 | +4.0% |
| Remuneration, social security and pensions | 62 | €29,129 | €29,911 | +€782 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,112 | €1,306 | +€194 | +17.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,698 | €3,326 | -€2,372 | -41.6% |
| Other operating charges | 640/8 | €1,935 | €1,056 | -€879 | -45.4% |
| Gross operating margin | 9900 | €44,248 | €37,247 | -€7,001 | -15.8% |
| Operating profit (loss) | 9901 | €6,375 | €1,648 | -€4,727 | -74.2% |
| Financial income | 75/76B | €5,402 | €5,162 | -€240 | -4.4% |
| Recurring financial income | 75 | €5,402 | €5,162 | -€240 | -4.4% |
| Financial charges | 65/66B | €3,793 | €2,324 | -€1,468 | -38.7% |
| Recurring financial charges | 65 | €3,793 | €2,324 | -€1,468 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €7,984 | €4,486 | -€3,499 | -43.8% |
| Income taxes | 67/77 | €2,830 | €2,407 | -€423 | -14.9% |
| Profit (loss) for the period | 9904 | €5,154 | €2,079 | -€3,076 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,154 | €2,079 | -€3,076 | -59.7% |
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 15 October 2026 via checked.be.