KALINVEST: 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.
KALINVEST
Largest movements
- Receivables within one year +€56,664
up €56,664 (+206.9%), from €27,390 to €84,054
of which Other amounts receivable: +€55,931
- Cash -€29,010
down €29,010 (-43.2%), from €67,205 to €38,195
mainly Receivables within one year (-€56,664) and Debts after one year (-€41,636)
- Tangible fixed assets -€27,785
down €27,785 (-4.9%), from €567,546 to €539,762
of which Land and buildings: -€24,717
- Debts after one year -€41,636
down €41,636 (-7.5%), from €555,089 to €513,453
of which Financial debts: -€41,636
- Profit (loss) carried forward +€29,645
up €29,645, from -€29,063 to €582
- Reserves +€10,000
new in 2025: €10,000
- Gross operating margin -€38,283
down €38,283 (-31.6%), from €121,170 to €82,887
- Depreciation -€35,325
down €35,325 (-56.0%), from €63,109 to €27,785
- Financial charges -€7,100
down €7,100 (-38.5%), from €18,461 to €11,361
- Financial income -€5,535
down €5,535 (-66.7%), from €8,297 to €2,762
- Other operating charges -€1,926
down €1,926 (-23.0%), from €8,362 to €6,436
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 | €663,923 | €663,470 | -€454 | -0.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €567,546 | €539,762 | -€27,785 | -4.9% |
| Tangible fixed assets | 22/27 | €567,546 | €539,762 | -€27,785 | -4.9% |
| Land and buildings | 22 | €546,800 | €522,083 | -€24,717 | -4.5% |
| Plant, machinery and equipment | 23 | €20,746 | €17,679 | -€3,068 | -14.8% |
| Current assets | 29/58 | €96,377 | €123,708 | +€27,331 | +28.4% |
| Amounts receivable within one year | 40/41 | €27,390 | €84,054 | +€56,664 | +206.9% |
| Trade receivables | 40 | - | €733 | +€733 | |
| Other amounts receivable | 41 | €27,390 | €83,321 | +€55,931 | +204.2% |
| Cash at bank and in hand | 54/58 | €67,205 | €38,195 | -€29,010 | -43.2% |
| Deferred charges and accrued income | 490/1 | €1,782 | €1,459 | -€323 | -18.1% |
| Total equity and liabilities | 10/49 | €663,923 | €663,470 | -€454 | -0.1% |
| Equity | 10/15 | €65,030 | €103,656 | +€38,626 | +59.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€29,063 | €582 | +€29,645 | |
| Investment grants | 15 | €19,093 | €18,074 | -€1,019 | -5.3% |
| Amounts payable | 17/49 | €598,893 | €559,813 | -€39,080 | -6.5% |
| Amounts payable after more than one year | 17 | €555,089 | €513,453 | -€41,636 | -7.5% |
| Financial debts | 170/4 | €450,089 | €408,453 | -€41,636 | -9.3% |
| Other amounts payable | 178/9 | €105,000 | €105,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,955 | €41,636 | +€1,681 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €38,180 | €41,636 | +€3,456 | +9.1% |
| Trade debts | 44 | €1,774 | €0 | -€1,774 | -100.0% |
| Suppliers | 440/4 | €1,774 | €0 | -€1,774 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €3,850 | €4,725 | +€875 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,109 | €27,785 | -€35,325 | -56.0% |
| Other operating charges | 640/8 | €8,362 | €6,436 | -€1,926 | -23.0% |
| Gross operating margin | 9900 | €121,170 | €82,887 | -€38,283 | -31.6% |
| Operating profit (loss) | 9901 | €49,699 | €48,666 | -€1,033 | -2.1% |
| Financial income | 75/76B | €8,297 | €2,762 | -€5,535 | -66.7% |
| Recurring financial income | 75 | €8,297 | €2,762 | -€5,535 | -66.7% |
| Financial charges | 65/66B | €18,461 | €11,361 | -€7,100 | -38.5% |
| Recurring financial charges | 65 | €18,461 | €11,361 | -€7,100 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | €39,536 | €40,067 | +€531 | +1.3% |
| Income taxes | 67/77 | - | €422 | +€422 | |
| Profit (loss) for the period | 9904 | €39,536 | €39,645 | +€109 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,536 | €39,645 | +€109 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.