KALLOVEEN: what changed
What changed
KALLOVEEN
NACE 32.990, Other manufacturing not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.5m+€612,910
Equity
€18.1m
2024 · €16.0m+€2.2m
Cash
€2.5m
2024 · €816,614+€1.6m
Balance sheet total
€21.6m
2024 · €18.6m+€3.0m
Largest movements
Assets
- Receivables within one year +€1.9m
up €1.9m (+56.8%), from €3.3m to €5.2m
of which Trade receivables: +€1.8m
- Cash +€1.6m
up €1.6m (+201%), from €816,614 to €2.5m
mainly Net result for the year (+€2.2m) and Current investments (+€1.2m)
- Current investments -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Tangible fixed assets +€403,629
up €403,629 (+70.6%), from €572,014 to €975,643
of which Leasing and similar rights: +€226,045
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+13.7%), from €15.7m to €17.9m
of which Distributable reserves: +€1.5m
- Trade debts +€1.0m
up €1.0m (+69.8%), from €1.5m to €2.5m
- Other debts -€515,815
down €515,815 (-51.6%), from €1.0m to €484,185
- Debts after one year +€291,979
up €291,979 (+13,587%), from €2,149 to €294,128
Income statement
- Gross operating margin +€998,790
up €998,790 (+37.7%), from €2.7m to €3.7m
- Taxes +€199,284
up €199,284 (+38.7%), from €514,487 to €713,771
- Staff costs +€85,988
up €85,988 (+21.1%), from €406,870 to €492,858
- Financial income -€79,974
down €79,974 (-64.5%), from €124,003 to €44,029
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Gross operating margin
+€998,790
Staff costs
-€85,988
Depreciation
-€17,329
Other operating charges
+€2,814
Financial income
-€79,974
Financial charges
-€6,119
Taxes
-€199,284
Result 2025
€2.2m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€771,537
Investment
+€559,408
Financing
+€311,207
Cash 2024
€816,614
From operations (derived)
+€771,537
Net result for the year
+€2.2m
Depreciation
+€236,963
Stocks and contracts
-€165,370
Receivables within one year
-€1.9m
Deferred charges and accrued income
-€50,265
Trade debts
+€1.0m
Tax, wage and social debts
-€25,297
Other debts
-€515,815
Accrued charges and deferred income
-€4,500
Investment (derived)
+€559,408
Investment in fixed assets (net)
-€640,592
Current investments
+€1.2m
Financing
+€311,207
Debts after one year
+€291,979
Current portion of long-term debt
+€19,228
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,649,746 | €21,607,085 | +€3.0m | +15.9% |
| Fixed assets | 21/28 | €12,129,469 | €12,533,099 | +€403,629 | +3.3% |
| Tangible fixed assets | 22/27 | €572,014 | €975,643 | +€403,629 | +70.6% |
| Land and buildings | 22 | €121,484 | €185,523 | +€64,039 | +52.7% |
| Plant, machinery and equipment | 23 | €162,303 | €248,898 | +€86,595 | +53.4% |
| Furniture and vehicles | 24 | €71,777 | €98,727 | +€26,950 | +37.5% |
| Leasing and similar rights | 25 | €216,451 | €442,495 | +€226,045 | +104% |
| Financial fixed assets | 28 | €11,557,455 | €11,557,455 | = | 0.0% |
| Current assets | 29/58 | €6,520,276 | €9,073,987 | +€2.6m | +39.2% |
| Stocks and contracts in progress | 3 | €1,161,857 | €1,327,227 | +€165,370 | +14.2% |
| Stocks | 30/36 | €1,161,857 | €1,327,227 | +€165,370 | +14.2% |
| Amounts receivable within one year | 40/41 | €3,335,902 | €5,231,826 | +€1.9m | +56.8% |
| Trade receivables | 40 | €2,772,094 | €4,581,981 | +€1.8m | +65.3% |
| Other amounts receivable | 41 | €563,808 | €649,845 | +€86,037 | +15.3% |
| Current investments | 50/53 | €1,200,000 | €0 | -€1.2m | -100% |
| Cash at bank and in hand | 54/58 | €816,614 | €2,458,766 | +€1.6m | +201% |
| Deferred charges and accrued income | 490/1 | €5,904 | €56,168 | +€50,265 | +851% |
| Total equity and liabilities | 10/49 | €18,649,746 | €21,607,085 | +€3.0m | +15.9% |
| Equity | 10/15 | €15,985,228 | €18,145,389 | +€2.2m | +13.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €15,735,228 | €17,895,389 | +€2.2m | +13.7% |
| Tax-exempt reserves | 132 | €1,947,786 | €2,650,897 | +€703,111 | +36.1% |
| Distributable reserves | 133 | €13,787,443 | €15,244,492 | +€1.5m | +10.6% |
| Amounts payable | 17/49 | €2,664,518 | €3,461,696 | +€797,179 | +29.9% |
| Amounts payable after more than one year | 17 | €2,149 | €294,128 | +€291,979 | +13,587% |
| Financial debts | 170/4 | €2,149 | €294,128 | +€291,979 | +13,587% |
| Amounts payable within one year | 42/48 | €2,657,869 | €3,167,568 | +€509,700 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €86,849 | €106,077 | +€19,228 | +22.1% |
| Trade debts | 44 | €1,478,459 | €2,510,043 | +€1.0m | +69.8% |
| Suppliers | 440/4 | €1,478,459 | €2,510,043 | +€1.0m | +69.8% |
| Taxes, remuneration and social security | 45 | €92,561 | €67,264 | -€25,297 | -27.3% |
| Taxes | 450/3 | €63,660 | €11,076 | -€52,584 | -82.6% |
| Remuneration and social security | 454/9 | €28,901 | €56,188 | +€27,287 | +94.4% |
| Other amounts payable | 47/48 | €1,000,000 | €484,185 | -€515,815 | -51.6% |
| Accrued charges and deferred income | 492/3 | €4,500 | €0 | -€4,500 | -100% |
| Non-recurring operating income | 76A | €8,004 | €28,099 | +€20,094 | +251% |
| Remuneration, social security and pensions | 62 | €406,870 | €492,858 | +€85,988 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,634 | €236,963 | +€17,329 | +7.9% |
| Other operating charges | 640/8 | €73,149 | €70,336 | -€2,814 | -3.8% |
| Gross operating margin | 9900 | €2,652,767 | €3,651,557 | +€998,790 | +37.7% |
| Operating profit (loss) | 9901 | €1,953,113 | €2,851,400 | +€898,287 | +46.0% |
| Financial income | 75/76B | €124,003 | €44,029 | -€79,974 | -64.5% |
| Recurring financial income | 75 | €124,003 | €44,029 | -€79,974 | -64.5% |
| Financial charges | 65/66B | €15,379 | €21,498 | +€6,119 | +39.8% |
| Recurring financial charges | 65 | €15,379 | €21,498 | +€6,119 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €2,061,737 | €2,873,931 | +€812,194 | +39.4% |
| Income taxes | 67/77 | €514,487 | €713,771 | +€199,284 | +38.7% |
| Profit (loss) for the period | 9904 | €1,547,251 | €2,160,161 | +€612,910 | +39.6% |
| Transfer from tax-exempt reserves | 789 | €9,864 | €269,399 | +€259,535 | +2,631% |
| Transfer to tax-exempt reserves | 689 | €673,600 | €972,510 | +€298,910 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €883,515 | €1,457,050 | +€573,535 | +64.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.