KALLIMA: 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.
KALLIMA
Largest movements
- Receivables within one year +€273,417
up €273,417 (+3.3%), from €8.3m to €8.6m
of which Other amounts receivable: +€421,758
- Cash -€200,121
down €200,121 (-55.8%), from €358,837 to €158,717
mainly Other debts (-€1.2m) and Debts after one year (-€506,927)
- Other debts -€1.2m
down €1.2m (-29.6%), from €4.2m to €2.9m
- Profit (loss) carried forward +€1.2m
up €1.2m (+691.2%), from €175,086 to €1.4m
- Debts after one year -€506,927
down €506,927 (-16.8%), from €3.0m to €2.5m
- Short-term financial debts +€400,000
new in 2025: €400,000
- Financial income -€847,960
down €847,960 (-40.2%), from €2.1m to €1.3m
of which Financial income: -€1.1m
- Gross operating margin +€100,990
up €100,990 (+38.4%), from €263,061 to €364,051
- Staff costs +€79,570
up €79,570 (+49.4%), from €160,935 to €240,505
- Financial charges +€52,831
up €52,831 (+63.1%), from €83,789 to €136,620
- Write-downs +€50,000
no longer reported in 2025 (was -€50,000)
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 | €14,169,438 | €14,175,221 | +€5,783 | 0.0% |
| Fixed assets | 21/28 | €5,389,921 | €5,395,598 | +€5,677 | +0.1% |
| Intangible fixed assets | 21 | €5,794 | €4,554 | -€1,240 | -21.4% |
| Tangible fixed assets | 22/27 | €19,608 | €26,320 | +€6,712 | +34.2% |
| Plant, machinery and equipment | 23 | - | €2,101 | +€2,101 | |
| Furniture and vehicles | 24 | €19,608 | €24,219 | +€4,611 | +23.5% |
| Financial fixed assets | 28 | €5,364,519 | €5,364,724 | +€205 | 0.0% |
| Current assets | 29/58 | €8,779,517 | €8,779,622 | +€105 | 0.0% |
| Amounts receivable within one year | 40/41 | €8,336,244 | €8,609,661 | +€273,417 | +3.3% |
| Trade receivables | 40 | €198,549 | €50,208 | -€148,341 | -74.7% |
| Other amounts receivable | 41 | €8,137,695 | €8,559,454 | +€421,758 | +5.2% |
| Current investments | 50/53 | €81,825 | €0 | -€81,825 | -100.0% |
| Cash at bank and in hand | 54/58 | €358,837 | €158,717 | -€200,121 | -55.8% |
| Deferred charges and accrued income | 490/1 | €2,610 | €11,244 | +€8,634 | +330.8% |
| Total equity and liabilities | 10/49 | €14,169,438 | €14,175,221 | +€5,783 | 0.0% |
| Equity | 10/15 | €6,785,086 | €7,995,313 | +€1.2m | +17.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €6,600,000 | €6,600,000 | = | 0.0% |
| Distributable reserves | 133 | €6,600,000 | €6,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,086 | €1,385,313 | +€1.2m | +691.2% |
| Amounts payable | 17/49 | €7,384,352 | €6,179,908 | -€1.2m | -16.3% |
| Amounts payable after more than one year | 17 | €3,018,566 | €2,511,639 | -€506,927 | -16.8% |
| Financial debts | 170/4 | €3,018,566 | €2,511,639 | -€506,927 | -16.8% |
| Amounts payable within one year | 42/48 | €4,365,786 | €3,667,758 | -€698,028 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €104,899 | €106,927 | +€2,028 | +1.9% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €46,714 | €160,288 | +€113,574 | +243.1% |
| Suppliers | 440/4 | €46,714 | €160,288 | +€113,574 | +243.1% |
| Taxes, remuneration and social security | 45 | €57,630 | €72,310 | +€14,680 | +25.5% |
| Taxes | 450/3 | €36,529 | €38,044 | +€1,515 | +4.1% |
| Remuneration and social security | 454/9 | €21,101 | €34,266 | +€13,165 | +62.4% |
| Other amounts payable | 47/48 | €4,156,542 | €2,928,233 | -€1.2m | -29.6% |
| Accrued charges and deferred income | 492/3 | - | €511 | +€511 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €160,935 | €240,505 | +€79,570 | +49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,150 | €18,210 | +€9,060 | +99.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€50,000 | - | +€50,000 | |
| Other operating charges | 640/8 | €3,872 | €2,849 | -€1,023 | -26.4% |
| Gross operating margin | 9900 | €263,061 | €364,051 | +€100,990 | +38.4% |
| Operating profit (loss) | 9901 | €139,104 | €102,486 | -€36,618 | -26.3% |
| Financial income | 75/76B | €2,108,212 | €1,260,252 | -€847,960 | -40.2% |
| Recurring financial income | 75 | €2,108,212 | €960,252 | -€1.1m | -54.5% |
| Non-recurring financial income | 76B | - | €300,000 | +€300,000 | |
| Financial charges | 65/66B | €83,789 | €136,620 | +€52,831 | +63.1% |
| Recurring financial charges | 65 | €83,789 | €136,620 | +€52,831 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €2,163,528 | €1,226,119 | -€937,409 | -43.3% |
| Income taxes | 67/77 | €36,067 | €15,892 | -€20,175 | -55.9% |
| Profit (loss) for the period | 9904 | €2,127,461 | €1,210,226 | -€917,235 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,127,461 | €1,210,226 | -€917,235 | -43.1% |
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 30 September 2026 via checked.be.