KALLUNA: 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.
KALLUNA
Largest movements
- Receivables within one year -€482,189
down €482,189 (-96.7%), from €498,643 to €16,454
of which Trade receivables: -€358,439
- Cash -€259,587
down €259,587 (-22.7%), from €1.1m to €886,043
mainly Trade debts (-€681,598) and Net result for the year (-€80,357)
- Deferred charges and accrued income -€17,959
down €17,959 (-95.8%), from €18,743 to €784
- Trade debts -€681,598
down €681,598 (-94.7%), from €719,970 to €38,372
- Profit (loss) carried forward -€80,357
down €80,357, from €0 to -€80,357
- Financial charges +€82,329
up €82,329 (+387%), from €21,286 to €103,615
- Financial income -€54,453
down €54,453 (-76.1%), from €71,573 to €17,120
- Gross operating margin -€53,986
down €53,986 (-70.2%), from €76,871 to €22,886
- Taxes -€27,718
down €27,718 (-99.3%), from €27,900 to €182
- Depreciation -€805
down €805 (-5.0%), from €16,091 to €15,287
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 | €1,699,990 | €924,968 | -€775,022 | -45.6% |
| Fixed assets | 21/28 | €36,975 | €21,688 | -€15,287 | -41.3% |
| Tangible fixed assets | 22/27 | €36,975 | €21,688 | -€15,287 | -41.3% |
| Plant, machinery and equipment | 23 | €1,383 | €419 | -€964 | -69.7% |
| Furniture and vehicles | 24 | €35,592 | €21,269 | -€14,323 | -40.2% |
| Current assets | 29/58 | €1,663,016 | €903,281 | -€759,735 | -45.7% |
| Amounts receivable within one year | 40/41 | €498,643 | €16,454 | -€482,189 | -96.7% |
| Trade receivables | 40 | €358,439 | €0 | -€358,439 | -100% |
| Other amounts receivable | 41 | €140,203 | €16,454 | -€123,750 | -88.3% |
| Cash at bank and in hand | 54/58 | €1,145,630 | €886,043 | -€259,587 | -22.7% |
| Deferred charges and accrued income | 490/1 | €18,743 | €784 | -€17,959 | -95.8% |
| Total equity and liabilities | 10/49 | €1,699,990 | €924,968 | -€775,022 | -45.6% |
| Equity | 10/15 | €102,387 | €22,030 | -€80,357 | -78.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,787 | €83,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,927 | €81,927 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€80,357 | -€80,357 | |
| Amounts payable | 17/49 | €1,597,603 | €902,938 | -€694,665 | -43.5% |
| Amounts payable within one year | 42/48 | €1,585,342 | €902,938 | -€682,404 | -43.0% |
| Trade debts | 44 | €719,970 | €38,372 | -€681,598 | -94.7% |
| Suppliers | 440/4 | €719,970 | €38,372 | -€681,598 | -94.7% |
| Taxes, remuneration and social security | 45 | €38,177 | €38,177 | = | 0.0% |
| Taxes | 450/3 | €38,177 | €38,177 | = | 0.0% |
| Other amounts payable | 47/48 | €827,195 | €826,390 | -€805 | -0.1% |
| Accrued charges and deferred income | 492/3 | €12,261 | €0 | -€12,261 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,091 | €15,287 | -€805 | -5.0% |
| Other operating charges | 640/8 | €1,241 | €1,279 | +€39 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,871 | €22,886 | -€53,986 | -70.2% |
| Operating profit (loss) | 9901 | €59,539 | €6,320 | -€53,220 | -89.4% |
| Financial income | 75/76B | €71,573 | €17,120 | -€54,453 | -76.1% |
| Recurring financial income | 75 | €71,573 | €17,120 | -€54,453 | -76.1% |
| Financial charges | 65/66B | €21,286 | €103,615 | +€82,329 | +387% |
| Recurring financial charges | 65 | €21,286 | €103,615 | +€82,329 | +387% |
| Profit (loss) for the period before taxes | 9903 | €109,827 | -€80,175 | -€190,002 | |
| Income taxes | 67/77 | €27,900 | €182 | -€27,718 | -99.3% |
| Profit (loss) for the period | 9904 | €81,927 | -€80,357 | -€162,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,927 | -€80,357 | -€162,284 |
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 16 October 2026 via checked.be.