KALLIMAN: 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.
KALLIMAN
Largest movements
- Current investments -€327,912
down €327,912 (-68.5%), from €478,804 to €150,892
- Cash -€35,331
down €35,331 (-27.1%), from €130,341 to €95,010
mainly Contributions, distributions and other (-€446,350) and Investment in fixed assets (net) (-€8,843)
- Reserves -€366,897
down €366,897 (-57.1%), from €642,558 to €275,661
of which Distributable reserves: -€366,897
- Gross operating margin +€27,730
up €27,730 (+29.6%), from €93,542 to €121,272
- Taxes +€6,502
up €6,502 (+26.1%), from €24,928 to €31,430
- Financial income -€5,597
down €5,597 (-65.2%), from €8,588 to €2,990
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 | €676,606 | €309,444 | -€367,162 | -54.3% |
| Fixed assets | 21/28 | €37,433 | €34,540 | -€2,893 | -7.7% |
| Tangible fixed assets | 22/27 | €37,433 | €34,540 | -€2,893 | -7.7% |
| Land and buildings | 22 | €4,354 | €3,690 | -€664 | -15.3% |
| Furniture and vehicles | 24 | €33,079 | €30,851 | -€2,229 | -6.7% |
| Current assets | 29/58 | €639,172 | €274,904 | -€364,269 | -57.0% |
| Amounts receivable within one year | 40/41 | €30,027 | €29,002 | -€1,025 | -3.4% |
| Trade receivables | 40 | €22,410 | €16,958 | -€5,452 | -24.3% |
| Other amounts receivable | 41 | €7,617 | €12,044 | +€4,427 | +58.1% |
| Current investments | 50/53 | €478,804 | €150,892 | -€327,912 | -68.5% |
| Cash at bank and in hand | 54/58 | €130,341 | €95,010 | -€35,331 | -27.1% |
| Total equity and liabilities | 10/49 | €676,606 | €309,444 | -€367,162 | -54.3% |
| Equity | 10/15 | €668,842 | €301,945 | -€366,897 | -54.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €642,558 | €275,661 | -€366,897 | -57.1% |
| Tax-exempt reserves | 132 | €98 | €98 | = | 0.0% |
| Distributable reserves | 133 | €642,460 | €275,563 | -€366,897 | -57.1% |
| Profit (loss) carried forward | 14 | €20,084 | €20,084 | = | 0.0% |
| Amounts payable | 17/49 | €7,764 | €7,499 | -€265 | -3.4% |
| Amounts payable within one year | 42/48 | €6,564 | €7,499 | +€935 | +14.3% |
| Trade debts | 44 | €467 | €0 | -€467 | -100% |
| Suppliers | 440/4 | €467 | €0 | -€467 | -100% |
| Advances received on contracts in progress | 46 | €42 | €0 | -€42 | -100% |
| Taxes, remuneration and social security | 45 | €1,772 | €1,750 | -€22 | -1.2% |
| Taxes | 450/3 | €22 | €0 | -€22 | -100% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €4,283 | €5,749 | +€1,465 | +34.2% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,397 | €11,736 | +€339 | +3.0% |
| Other operating charges | 640/8 | €1,447 | €1,561 | +€114 | +7.9% |
| Gross operating margin | 9900 | €93,542 | €121,272 | +€27,730 | +29.6% |
| Operating profit (loss) | 9901 | €80,698 | €107,975 | +€27,277 | +33.8% |
| Financial income | 75/76B | €8,588 | €2,990 | -€5,597 | -65.2% |
| Recurring financial income | 75 | €8,588 | €2,990 | -€5,597 | -65.2% |
| Financial charges | 65/66B | €378 | €82 | -€296 | -78.2% |
| Recurring financial charges | 65 | €378 | €82 | -€296 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €88,907 | €110,883 | +€21,976 | +24.7% |
| Income taxes | 67/77 | €24,928 | €31,430 | +€6,502 | +26.1% |
| Profit (loss) for the period | 9904 | €63,979 | €79,453 | +€15,474 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,979 | €79,453 | +€15,474 | +24.2% |
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.