KALLIKRATES: 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.
KALLIKRATES
Largest movements
- Cash -€318,135
down €318,135 (-78.8%), from €403,633 to €85,497
mainly Current investments (-€300,000) and Receivables within one year (-€53,725)
- Current investments +€300,000
new in 2025: €300,000
- Receivables within one year +€53,725
up €53,725 (+199%), from €27,037 to €80,761
of which Trade receivables: +€35,912
- Tangible fixed assets -€9,815
down €9,815 (-14.9%), from €65,715 to €55,901
of which Land and buildings: -€7,937
- Reserves +€17,885
up €17,885 (+5.4%), from €332,874 to €350,759
- Other debts +€5,346
up €5,346 (+75.0%), from €7,129 to €12,475
- Gross operating margin +€20,049
up €20,049 (+122%), from €16,375 to €36,424
- Taxes +€6,003
up €6,003 (+251%), from €2,389 to €8,392
- Financial income -€2,443
down €2,443 (-74.4%), from €3,285 to €842
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 | €497,570 | €523,367 | +€25,797 | +5.2% |
| Fixed assets | 21/28 | €65,715 | €55,901 | -€9,815 | -14.9% |
| Tangible fixed assets | 22/27 | €65,715 | €55,901 | -€9,815 | -14.9% |
| Land and buildings | 22 | €62,758 | €54,821 | -€7,937 | -12.6% |
| Plant, machinery and equipment | 23 | €2,780 | €1,000 | -€1,780 | -64.0% |
| Furniture and vehicles | 24 | €177 | €80 | -€97 | -54.8% |
| Current assets | 29/58 | €431,854 | €467,467 | +€35,612 | +8.2% |
| Amounts receivable within one year | 40/41 | €27,037 | €80,761 | +€53,725 | +199% |
| Trade receivables | 40 | €9,945 | €45,857 | +€35,912 | +361% |
| Other amounts receivable | 41 | €17,092 | €34,905 | +€17,813 | +104% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €403,633 | €85,497 | -€318,135 | -78.8% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,208 | +€23 | +2.0% |
| Total equity and liabilities | 10/49 | €497,570 | €523,367 | +€25,797 | +5.2% |
| Equity | 10/15 | €488,261 | €506,146 | +€17,885 | +3.7% |
| Contributions | 10/11 | €155,387 | €155,387 | = | 0.0% |
| Reserves | 13 | €332,874 | €350,759 | +€17,885 | +5.4% |
| Distributable reserves | 133 | €332,874 | €350,759 | +€17,885 | +5.4% |
| Amounts payable | 17/49 | €9,309 | €17,221 | +€7,913 | +85.0% |
| Amounts payable within one year | 42/48 | €9,275 | €17,221 | +€7,947 | +85.7% |
| Trade debts | 44 | €2,146 | €4,746 | +€2,600 | +121% |
| Suppliers | 440/4 | €2,146 | €4,746 | +€2,600 | +121% |
| Other amounts payable | 47/48 | €7,129 | €12,475 | +€5,346 | +75.0% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,986 | €9,815 | -€171 | -1.7% |
| Other operating charges | 640/8 | €1,053 | €1,121 | +€67 | +6.4% |
| Gross operating margin | 9900 | €16,375 | €36,424 | +€20,049 | +122% |
| Operating profit (loss) | 9901 | €5,336 | €25,488 | +€20,153 | +378% |
| Financial income | 75/76B | €3,285 | €842 | -€2,443 | -74.4% |
| Recurring financial income | 75 | €3,285 | €842 | -€2,443 | -74.4% |
| Financial charges | 65/66B | €9 | €54 | +€45 | +497% |
| Recurring financial charges | 65 | €9 | €54 | +€45 | +497% |
| Profit (loss) for the period before taxes | 9903 | €8,612 | €26,277 | +€17,665 | +205% |
| Income taxes | 67/77 | €2,389 | €8,392 | +€6,003 | +251% |
| Profit (loss) for the period | 9904 | €6,223 | €17,885 | +€11,662 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €6,223 | €17,885 | +€11,662 | +187% |
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 25 October 2026 via checked.be.