KALLO INDUSTRIES: 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.
What changed
KALLO INDUSTRIES
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.9m
2024 · €3.9m+€960,193
Equity
€28.7m
2024 · €23.8m+€4.9m
Cash
€835,131
2024 · €4,871+€830,260
Balance sheet total
€134.6m
2024 · €133.3m+€1.3m
Largest movements
Assets
- Receivables within one year +€7.8m
up €7.8m (+17.9%), from €43.7m to €51.6m
of which Other amounts receivable: +€7.0m
- Tangible fixed assets -€7.4m
down €7.4m (-8.2%), from €89.2m to €81.8m
of which Land and buildings: -€7.7m
Equity and liabilities
- Debts after one year -€6.0m
down €6.0m (-6.0%), from €100.6m to €94.6m
- Reserves +€4.9m
up €4.9m (+38.1%), from €12.9m to €17.8m
of which Distributable reserves: +€4.9m
- Tax, wage and social debts +€3.2m
up €3.2m (+438%), from €740,766 to €4.0m
of which Taxes: +€3.2m
Income statement
- Other operating income +€911,232
up €911,232 (+11,101%), from €8,209 to €919,441
- Taxes -€328,040
down €328,040 (-14.9%), from €2.2m to €1.9m
of which Taxes: -€317,886
- Financial income -€273,526
down €273,526 (-23.5%), from €1.2m to €889,029
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.
Result 2024
€3.9m
Turnover
-€26,651
Other operating income
+€911,232
Goods and materials
-€195,595
Services and other goods
-€114,437
Staff costs
-€58,228
Depreciation
+€40,394
Write-downs
-€19,535
Other operating charges
+€161,222
Other operating items
+€68,895
Financial income
-€273,526
Financial charges
+€138,381
Taxes
+€328,040
Result 2025
€4.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.7m
Investment
+€140,414
Financing
-€6.0m
Cash 2024
€4,871
From operations (derived)
+€6.7m
Net result for the year
+€4.9m
Depreciation
+€7.2m
Receivables within one year
-€7.8m
Deferred charges and accrued income
-€5,690
Trade debts
-€667,747
Tax, wage and social debts
+€3.2m
Other debts
+€21,240
Accrued charges and deferred income
-€173,182
Investment (derived)
+€140,414
Investment in fixed assets (net)
+€140,414
Financing
-€6.0m
Debts after one year
-€6.0m
Cash 2025
€835,131
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €133,275,639 | €134,603,892 | +€1.3m | +1.0% |
| Fixed assets | 21/28 | €89,216,458 | €81,862,095 | -€7.4m | -8.2% |
| Tangible fixed assets | 22/27 | €89,168,458 | €81,814,095 | -€7.4m | -8.2% |
| Land and buildings | 22 | €88,975,827 | €81,305,594 | -€7.7m | -8.6% |
| Furniture and vehicles | 24 | €21,297 | €43,652 | +€22,355 | +105% |
| Assets under construction and advance payments | 27 | €171,334 | €464,849 | +€293,515 | +171% |
| Financial fixed assets | 28 | €48,000 | €48,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €48,000 | €48,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €48,000 | €48,000 | = | 0.0% |
| Current assets | 29/58 | €44,059,181 | €52,741,797 | +€8.7m | +19.7% |
| Amounts receivable within one year | 40/41 | €43,718,506 | €51,565,173 | +€7.8m | +17.9% |
| Trade receivables | 40 | €3,763,202 | €4,615,257 | +€852,055 | +22.6% |
| Other amounts receivable | 41 | €39,955,304 | €46,949,916 | +€7.0m | +17.5% |
| Cash at bank and in hand | 54/58 | €4,871 | €835,131 | +€830,260 | +17,045% |
| Deferred charges and accrued income | 490/1 | €335,804 | €341,494 | +€5,690 | +1.7% |
| Total equity and liabilities | 10/49 | €133,275,639 | €134,603,892 | +€1.3m | +1.0% |
| Equity | 10/15 | €23,822,968 | €28,726,750 | +€4.9m | +20.6% |
| Contributions | 10/11 | €10,963,000 | €10,963,000 | = | 0.0% |
| Capital | 10 | €10,963,000 | €10,963,000 | = | 0.0% |
| Issued capital | 100 | €10,963,000 | €10,963,000 | = | 0.0% |
| Reserves | 13 | €12,859,968 | €17,763,750 | +€4.9m | +38.1% |
| Non-distributable reserves | 130/1 | €1,096,300 | €1,096,300 | = | 0.0% |
| Legal reserve | 130 | €1,096,300 | €1,096,300 | = | 0.0% |
| Distributable reserves | 133 | €11,763,668 | €16,667,450 | +€4.9m | +41.7% |
| Amounts payable | 17/49 | €109,452,672 | €105,877,142 | -€3.6m | -3.3% |
| Amounts payable after more than one year | 17 | €100,600,000 | €94,600,000 | -€6.0m | -6.0% |
| Financial debts | 170/4 | €100,600,000 | €94,600,000 | -€6.0m | -6.0% |
| Other loans | 174 | €100,600,000 | €94,600,000 | -€6.0m | -6.0% |
| Amounts payable within one year | 42/48 | €2,434,984 | €5,032,635 | +€2.6m | +107% |
| Trade debts | 44 | €1,694,218 | €1,026,471 | -€667,747 | -39.4% |
| Suppliers | 440/4 | €1,694,218 | €1,026,471 | -€667,747 | -39.4% |
| Taxes, remuneration and social security | 45 | €740,766 | €3,984,924 | +€3.2m | +438% |
| Taxes | 450/3 | €701,261 | €3,944,381 | +€3.2m | +462% |
| Remuneration and social security | 454/9 | €39,505 | €40,543 | +€1,039 | +2.6% |
| Other amounts payable | 47/48 | - | €21,240 | +€21,240 | |
| Accrued charges and deferred income | 492/3 | €6,417,688 | €6,244,507 | -€173,182 | -2.7% |
| Operating income | 70/76A | €21,852,866 | €22,806,343 | +€953,477 | +4.4% |
| Turnover | 70 | €21,844,657 | €21,818,006 | -€26,651 | -0.1% |
| Other operating income | 74 | €8,209 | €919,441 | +€911,232 | +11,101% |
| Non-recurring operating income | 76A | - | €68,895 | +€68,895 | |
| Operating charges | 60/66A | €12,110,719 | €12,296,898 | +€186,179 | +1.5% |
| Goods for resale, raw materials and consumables | 60 | - | €195,595 | +€195,595 | |
| Purchases | 600/8 | - | €195,595 | +€195,595 | |
| Services and other goods | 61 | €2,708,478 | €2,822,915 | +€114,437 | +4.2% |
| Remuneration, social security and pensions | 62 | €256,310 | €314,538 | +€58,228 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,254,343 | €7,213,949 | -€40,394 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,535 | +€19,535 | |
| Other operating charges | 640/8 | €1,891,588 | €1,730,366 | -€161,222 | -8.5% |
| Operating profit (loss) | 9901 | €9,742,147 | €10,509,445 | +€767,298 | +7.9% |
| Financial income | 75/76B | €1,162,555 | €889,029 | -€273,526 | -23.5% |
| Recurring financial income | 75 | €1,162,555 | €889,029 | -€273,526 | -23.5% |
| Income from current assets | 751 | €1,162,555 | €889,027 | -€273,529 | -23.5% |
| Other financial income | 752/9 | €0 | €3 | +€3 | +2,409% |
| Financial charges | 65/66B | €4,762,779 | €4,624,398 | -€138,381 | -2.9% |
| Recurring financial charges | 65 | €4,762,779 | €4,624,398 | -€138,381 | -2.9% |
| Debt charges | 650 | €4,762,676 | €4,624,143 | -€138,533 | -2.9% |
| Other financial charges | 652/9 | €103 | €255 | +€153 | +149% |
| Profit (loss) for the period before taxes | 9903 | €6,141,923 | €6,774,076 | +€632,153 | +10.3% |
| Income taxes | 67/77 | €2,198,333 | €1,870,293 | -€328,040 | -14.9% |
| Taxes | 670/3 | €2,198,333 | €1,880,447 | -€317,886 | -14.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €10,154 | +€10,154 | |
| Profit (loss) for the period | 9904 | €3,943,590 | €4,903,783 | +€960,193 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,943,590 | €4,903,783 | +€960,193 | +24.3% |
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 22 October 2026 via checked.be.