KALIVAN: 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.
KALIVAN
Largest movements
- Tangible fixed assets +€79,488
up €79,488 (+18.0%), from €442,141 to €521,629
of which Other tangible fixed assets: +€104,164
- Debts after one year +€47,287
up €47,287 (+11.6%), from €407,533 to €454,820
- Profit (loss) carried forward +€12,263
up €12,263 (+73.5%), from -€16,679 to -€4,416
- Other debts +€10,000
up €10,000 (+250.0%), from €4,000 to €14,000
- Current portion of long-term debt +€9,504
up €9,504 (+24.4%), from €38,922 to €48,427
- Depreciation -€1,382
down €1,382 (-4.1%), from €33,387 to €32,004
- Gross operating margin +€626
up €626 (+1.1%), from €55,076 to €55,702
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 | €455,229 | €533,168 | +€77,940 | +17.1% |
| Fixed assets | 21/28 | €442,141 | €521,629 | +€79,488 | +18.0% |
| Tangible fixed assets | 22/27 | €442,141 | €521,629 | +€79,488 | +18.0% |
| Land and buildings | 22 | €428,693 | €404,241 | -€24,452 | -5.7% |
| Furniture and vehicles | 24 | €224 | €0 | -€224 | -100.0% |
| Other tangible fixed assets | 26 | €13,224 | €117,388 | +€104,164 | +787.7% |
| Current assets | 29/58 | €13,088 | €11,539 | -€1,548 | -11.8% |
| Amounts receivable within one year | 40/41 | €893 | €850 | -€43 | -4.8% |
| Trade receivables | 40 | €893 | €850 | -€43 | -4.8% |
| Cash at bank and in hand | 54/58 | €10,864 | €7,748 | -€3,116 | -28.7% |
| Deferred charges and accrued income | 490/1 | €1,331 | €2,941 | +€1,610 | +120.9% |
| Total equity and liabilities | 10/49 | €455,229 | €533,168 | +€77,940 | +17.1% |
| Equity | 10/15 | €3,321 | €15,584 | +€12,263 | +369.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,679 | -€4,416 | +€12,263 | +73.5% |
| Amounts payable | 17/49 | €451,908 | €517,585 | +€65,677 | +14.5% |
| Amounts payable after more than one year | 17 | €407,533 | €454,820 | +€47,287 | +11.6% |
| Financial debts | 170/4 | €407,533 | €454,820 | +€47,287 | +11.6% |
| Amounts payable within one year | 42/48 | €44,374 | €62,764 | +€18,390 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €38,922 | €48,427 | +€9,504 | +24.4% |
| Trade debts | 44 | €1,452 | €338 | -€1,114 | -76.8% |
| Suppliers | 440/4 | €1,452 | €338 | -€1,114 | -76.8% |
| Other amounts payable | 47/48 | €4,000 | €14,000 | +€10,000 | +250.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,387 | €32,004 | -€1,382 | -4.1% |
| Other operating charges | 640/8 | €2,370 | €2,438 | +€68 | +2.9% |
| Gross operating margin | 9900 | €55,076 | €55,702 | +€626 | +1.1% |
| Operating profit (loss) | 9901 | €19,319 | €21,259 | +€1,940 | +10.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,682 | €8,997 | +€315 | +3.6% |
| Recurring financial charges | 65 | €8,682 | €8,997 | +€315 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €10,637 | €12,263 | +€1,625 | +15.3% |
| Profit (loss) for the period | 9904 | €10,637 | €12,263 | +€1,625 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,637 | €12,263 | +€1,625 | +15.3% |
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 29 September 2026 via checked.be.