KALLIOPE MASTERY: 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.
KALLIOPE MASTERY
Largest movements
- Cash -€39,772
down €39,772 (-30.1%), from €132,351 to €92,580
mainly Tax, wage and social debts (-€32,838) and Net result for the year (-€3,789)
- Tangible fixed assets -€4,568
down €4,568 (-64.7%), from €7,055 to €2,487
- Receivables within one year +€2,979
up €2,979 (+30.5%), from €9,765 to €12,744
of which Other amounts receivable: +€2,639
- Tax, wage and social debts -€32,838
down €32,838 (-96.0%), from €34,195 to €1,357
- Profit (loss) carried forward -€3,789
new in 2025: -€3,789
- Current portion of long-term debt -€2,916
down €2,916 (-68.8%), from €4,239 to €1,323
- Gross operating margin -€5,713
down €5,713 (-82.4%), from €6,936 to €1,223
- Taxes -€1,357
no longer reported in 2025 (was €1,357)
- Depreciation -€244
down €244 (-5.1%), from €4,812 to €4,568
- Other operating charges +€215
up €215 (+40.6%), from €531 to €746
- Financial income -€215
down €215 (-29.0%), from €739 to €525
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 | €149,172 | €107,811 | -€41,361 | -27.7% |
| Fixed assets | 21/28 | €7,055 | €2,487 | -€4,568 | -64.7% |
| Tangible fixed assets | 22/27 | €7,055 | €2,487 | -€4,568 | -64.7% |
| Furniture and vehicles | 24 | €7,055 | €2,487 | -€4,568 | -64.7% |
| Current assets | 29/58 | €142,116 | €105,323 | -€36,793 | -25.9% |
| Amounts receivable within one year | 40/41 | €9,765 | €12,744 | +€2,979 | +30.5% |
| Trade receivables | 40 | - | €340 | +€340 | |
| Other amounts receivable | 41 | €9,765 | €12,403 | +€2,639 | +27.0% |
| Cash at bank and in hand | 54/58 | €132,351 | €92,580 | -€39,772 | -30.1% |
| Total equity and liabilities | 10/49 | €149,172 | €107,811 | -€41,361 | -27.7% |
| Equity | 10/15 | €108,920 | €105,131 | -€3,789 | -3.5% |
| Reserves | 13 | €108,920 | €108,920 | = | 0.0% |
| Distributable reserves | 133 | €108,920 | €108,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,789 | -€3,789 | |
| Amounts payable | 17/49 | €40,251 | €2,679 | -€37,572 | -93.3% |
| Amounts payable after more than one year | 17 | €1,323 | - | -€1,323 | |
| Financial debts | 170/4 | €1,323 | - | -€1,323 | |
| Amounts payable within one year | 42/48 | €38,929 | €2,679 | -€36,249 | -93.1% |
| Current portion of amounts payable after more than one year | 42 | €4,239 | €1,323 | -€2,916 | -68.8% |
| Trade debts | 44 | €495 | - | -€495 | |
| Suppliers | 440/4 | €495 | - | -€495 | |
| Taxes, remuneration and social security | 45 | €34,195 | €1,357 | -€32,838 | -96.0% |
| Taxes | 450/3 | €34,195 | €1,357 | -€32,838 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,812 | €4,568 | -€244 | -5.1% |
| Other operating charges | 640/8 | €531 | €746 | +€215 | +40.6% |
| Gross operating margin | 9900 | €6,936 | €1,223 | -€5,713 | -82.4% |
| Operating profit (loss) | 9901 | €1,593 | -€4,091 | -€5,685 | |
| Financial income | 75/76B | €739 | €525 | -€215 | -29.0% |
| Recurring financial income | 75 | €739 | €525 | -€215 | -29.0% |
| Financial charges | 65/66B | €385 | €223 | -€162 | -42.1% |
| Recurring financial charges | 65 | €385 | €223 | -€162 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €1,948 | -€3,789 | -€5,737 | |
| Income taxes | 67/77 | €1,357 | - | -€1,357 | |
| Profit (loss) for the period | 9904 | €591 | -€3,789 | -€4,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €591 | -€3,789 | -€4,380 |
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 28 October 2026 via checked.be.