KALIVA: 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.
KALIVA
Largest movements
- Receivables within one year +€34,941
up €34,941, from €0 to €34,941
of which Other amounts receivable: +€34,941
- Cash -€18,184
down €18,184 (-78.9%), from €23,060 to €4,876
mainly Investment in fixed assets (net) (-€68,637) and Receivables within one year (-€34,941)
- Tangible fixed assets +€15,527
up €15,527 (+1.6%), from €975,838 to €991,365
- Debts after one year +€29,823
up €29,823 (+75.8%), from €39,327 to €69,149
- Current portion of long-term debt +€11,231
up €11,231 (+98.0%), from €11,456 to €22,687
- Gross operating margin -€13,692
down €13,692 (-16.8%), from €81,419 to €67,727
- Depreciation -€5,477
down €5,477 (-9.3%), from €58,587 to €53,110
- Other operating charges +€2,815
up €2,815 (+20.2%), from €13,949 to €16,764
- Financial charges +€1,272
up €1,272 (+73.4%), from €1,732 to €3,004
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 | €1,001,101 | €1,031,181 | +€30,081 | +3.0% |
| Fixed assets | 21/28 | €975,838 | €991,365 | +€15,527 | +1.6% |
| Tangible fixed assets | 22/27 | €975,838 | €991,365 | +€15,527 | +1.6% |
| Land and buildings | 22 | €975,838 | €991,365 | +€15,527 | +1.6% |
| Current assets | 29/58 | €25,263 | €39,816 | +€14,553 | +57.6% |
| Amounts receivable within one year | 40/41 | €0 | €34,941 | +€34,941 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €34,941 | +€34,941 | |
| Cash at bank and in hand | 54/58 | €23,060 | €4,876 | -€18,184 | -78.9% |
| Deferred charges and accrued income | 490/1 | €2,203 | €0 | -€2,203 | -100% |
| Total equity and liabilities | 10/49 | €1,001,101 | €1,031,181 | +€30,081 | +3.0% |
| Equity | 10/15 | €618,956 | €614,026 | -€4,929 | -0.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €118,956 | €114,026 | -€4,929 | -4.1% |
| Amounts payable | 17/49 | €382,145 | €417,155 | +€35,010 | +9.2% |
| Amounts payable after more than one year | 17 | €39,327 | €69,149 | +€29,823 | +75.8% |
| Financial debts | 170/4 | €39,327 | €69,149 | +€29,823 | +75.8% |
| Amounts payable within one year | 42/48 | €22,068 | €27,256 | +€5,188 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €11,456 | €22,687 | +€11,231 | +98.0% |
| Trade debts | 44 | €1,123 | €2,368 | +€1,245 | +111% |
| Suppliers | 440/4 | €1,123 | €2,368 | +€1,245 | +111% |
| Taxes, remuneration and social security | 45 | €554 | €565 | +€11 | +2.1% |
| Taxes | 450/3 | €554 | €565 | +€11 | +2.1% |
| Other amounts payable | 47/48 | €8,935 | €1,635 | -€7,300 | -81.7% |
| Accrued charges and deferred income | 492/3 | €320,750 | €320,750 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €1,507 | +€1,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,587 | €53,110 | -€5,477 | -9.3% |
| Other operating charges | 640/8 | €13,949 | €16,764 | +€2,815 | +20.2% |
| Gross operating margin | 9900 | €81,419 | €67,727 | -€13,692 | -16.8% |
| Operating profit (loss) | 9901 | €8,883 | -€2,146 | -€11,030 | |
| Financial income | 75/76B | €3 | €786 | +€783 | +31,327% |
| Recurring financial income | 75 | €3 | €786 | +€783 | +31,327% |
| Financial charges | 65/66B | €1,732 | €3,004 | +€1,272 | +73.4% |
| Recurring financial charges | 65 | €1,732 | €3,004 | +€1,272 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | €7,154 | -€4,364 | -€11,518 | |
| Income taxes | 67/77 | €554 | €565 | +€11 | +2.1% |
| Profit (loss) for the period | 9904 | €6,600 | -€4,929 | -€11,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,600 | -€4,929 | -€11,530 |
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.