KALLOGY: 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.
KALLOGY
Largest movements
- Receivables after one year -€424,844
down €424,844 (-63.1%), from €673,164 to €248,320
- Receivables within one year -€114,291
down €114,291 (-55.5%), from €205,789 to €91,499
of which Other amounts receivable: -€141,673
- Tangible fixed assets -€21,165
down €21,165 (-15.9%), from €132,903 to €111,737
of which Leasing and similar rights: -€24,838
- Other debts -€532,839
down €532,839 (-100%), from €532,839 to €0
- Debts after one year -€25,812
down €25,812 (-62.4%), from €41,391 to €15,580
- Trade debts +€23,395
up €23,395 (+435%), from €5,384 to €28,779
- Profit (loss) carried forward -€17,792
down €17,792, from €2,379 to -€15,413
- Gross operating margin -€287,463
down €287,463 (-98.6%), from €291,558 to €4,095
- Taxes -€85,644
down €85,644 (-99.9%), from €85,766 to €122
- Depreciation -€11,491
down €11,491 (-24.2%), from €47,405 to €35,914
- Financial income -€11,294
down €11,294 (-24.7%), from €45,676 to €34,383
- Other operating charges +€8,468
up €8,468 (+98.1%), from €8,634 to €17,102
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 | €1,607,630 | €1,053,627 | -€554,002 | -34.5% |
| Fixed assets | 21/28 | €132,903 | €111,737 | -€21,165 | -15.9% |
| Tangible fixed assets | 22/27 | €132,903 | €111,737 | -€21,165 | -15.9% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,413 | €918 | -€495 | -35.1% |
| Furniture and vehicles | 24 | €66,167 | €70,335 | +€4,168 | +6.3% |
| Leasing and similar rights | 25 | €65,323 | €40,484 | -€24,838 | -38.0% |
| Current assets | 29/58 | €1,474,727 | €941,890 | -€532,837 | -36.1% |
| Amounts receivable after more than one year | 29 | €673,164 | €248,320 | -€424,844 | -63.1% |
| Other amounts receivable | 291 | €673,164 | €248,320 | -€424,844 | -63.1% |
| Amounts receivable within one year | 40/41 | €205,789 | €91,499 | -€114,291 | -55.5% |
| Trade receivables | 40 | €53,359 | €80,742 | +€27,383 | +51.3% |
| Other amounts receivable | 41 | €152,430 | €10,757 | -€141,673 | -92.9% |
| Current investments | 50/53 | €281,279 | €281,279 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,480 | €114,386 | -€5,094 | -4.3% |
| Deferred charges and accrued income | 490/1 | €195,014 | €206,406 | +€11,392 | +5.8% |
| Total equity and liabilities | 10/49 | €1,607,630 | €1,053,627 | -€554,002 | -34.5% |
| Equity | 10/15 | €989,512 | €971,720 | -€17,792 | -1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €974,733 | €974,733 | = | 0.0% |
| Distributable reserves | 133 | €974,733 | €974,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,379 | -€15,413 | -€17,792 | |
| Amounts payable | 17/49 | €618,117 | €81,907 | -€536,211 | -86.7% |
| Amounts payable after more than one year | 17 | €41,391 | €15,580 | -€25,812 | -62.4% |
| Financial debts | 170/4 | €41,391 | €15,580 | -€25,812 | -62.4% |
| Amounts payable within one year | 42/48 | €576,726 | €66,327 | -€510,399 | -88.5% |
| Current portion of amounts payable after more than one year | 42 | €24,720 | €25,812 | +€1,091 | +4.4% |
| Trade debts | 44 | €5,384 | €28,779 | +€23,395 | +435% |
| Suppliers | 440/4 | €5,384 | €28,779 | +€23,395 | +435% |
| Taxes, remuneration and social security | 45 | €13,783 | €11,737 | -€2,046 | -14.8% |
| Taxes | 450/3 | €13,783 | €11,737 | -€2,046 | -14.8% |
| Other amounts payable | 47/48 | €532,839 | €0 | -€532,839 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,405 | €35,914 | -€11,491 | -24.2% |
| Other operating charges | 640/8 | €8,634 | €17,102 | +€8,468 | +98.1% |
| Gross operating margin | 9900 | €291,558 | €4,095 | -€287,463 | -98.6% |
| Operating profit (loss) | 9901 | €235,519 | -€48,920 | -€284,439 | |
| Financial income | 75/76B | €45,676 | €34,383 | -€11,294 | -24.7% |
| Recurring financial income | 75 | €45,676 | €34,383 | -€11,294 | -24.7% |
| Financial charges | 65/66B | €6,240 | €3,132 | -€3,109 | -49.8% |
| Recurring financial charges | 65 | €6,240 | €3,132 | -€3,109 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €274,955 | -€17,669 | -€292,624 | |
| Income taxes | 67/77 | €85,766 | €122 | -€85,644 | -99.9% |
| Profit (loss) for the period | 9904 | €189,189 | -€17,792 | -€206,981 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,189 | -€17,792 | -€206,981 |
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 26 October 2026 via checked.be.