Kalm: 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.
Kalm
Largest movements
- Cash +€7,137
up €7,137 (+542%), from €1,316 to €8,453
mainly Net result for the year (+€25,661) and Other debts (+€23,247)
- Receivables within one year +€6,400
up €6,400 (+12.9%), from €49,612 to €56,012
of which Trade receivables: +€4,983
- Tangible fixed assets +€3,479
up €3,479 (+18.7%), from €18,577 to €22,056
of which Furniture and vehicles: +€3,261
- Other debts +€23,247
up €23,247 (+69.7%), from €33,370 to €56,617
- Reserves -€14,339
down €14,339 (-34.8%), from €41,233 to €26,894
- Tax, wage and social debts +€7,235
up €7,235 (+50.1%), from €14,452 to €21,688
- Trade debts +€4,986
up €4,986 (+1,770%), from €282 to €5,268
- Short-term financial debts -€3,229
down €3,229 (-100%), from €3,229 to €0
- Gross operating margin +€16,243
up €16,243 (+70.5%), from €23,042 to €39,286
- Taxes +€3,094
up €3,094 (+70.3%), from €4,400 to €7,494
- Depreciation +€612
up €612 (+14.9%), from €4,112 to €4,724
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 | €94,566 | €112,467 | +€17,901 | +18.9% |
| Fixed assets | 21/28 | €18,577 | €22,056 | +€3,479 | +18.7% |
| Tangible fixed assets | 22/27 | €18,577 | €22,056 | +€3,479 | +18.7% |
| Land and buildings | 22 | - | €1,857 | +€1,857 | |
| Plant, machinery and equipment | 23 | €16,113 | €14,474 | -€1,639 | -10.2% |
| Furniture and vehicles | 24 | €2,464 | €5,725 | +€3,261 | +132% |
| Current assets | 29/58 | €75,989 | €90,411 | +€14,422 | +19.0% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,612 | €56,012 | +€6,400 | +12.9% |
| Trade receivables | 40 | €44,930 | €49,913 | +€4,983 | +11.1% |
| Other amounts receivable | 41 | €4,682 | €6,100 | +€1,418 | +30.3% |
| Cash at bank and in hand | 54/58 | €1,316 | €8,453 | +€7,137 | +542% |
| Deferred charges and accrued income | 490/1 | €61 | €946 | +€885 | +1,461% |
| Total equity and liabilities | 10/49 | €94,566 | €112,467 | +€17,901 | +18.9% |
| Equity | 10/15 | €43,233 | €28,894 | -€14,339 | -33.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,233 | €26,894 | -€14,339 | -34.8% |
| Distributable reserves | 133 | €41,233 | €26,894 | -€14,339 | -34.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,333 | €83,573 | +€32,240 | +62.8% |
| Amounts payable within one year | 42/48 | €51,333 | €83,573 | +€32,240 | +62.8% |
| Financial debts | 43 | €3,229 | €0 | -€3,229 | -100% |
| Credit institutions | 430/8 | €3,229 | €0 | -€3,229 | -100% |
| Trade debts | 44 | €282 | €5,268 | +€4,986 | +1,770% |
| Suppliers | 440/4 | €282 | €5,268 | +€4,986 | +1,770% |
| Taxes, remuneration and social security | 45 | €14,452 | €21,688 | +€7,235 | +50.1% |
| Taxes | 450/3 | €14,452 | €21,688 | +€7,235 | +50.1% |
| Other amounts payable | 47/48 | €33,370 | €56,617 | +€23,247 | +69.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €250 | €518 | +€268 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,112 | €4,724 | +€612 | +14.9% |
| Other operating charges | 640/8 | €562 | €640 | +€78 | +13.8% |
| Gross operating margin | 9900 | €23,042 | €39,286 | +€16,243 | +70.5% |
| Operating profit (loss) | 9901 | €18,118 | €33,405 | +€15,287 | +84.4% |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €562 | €255 | -€307 | -54.6% |
| Recurring financial charges | 65 | €562 | €255 | -€307 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €17,556 | €33,155 | +€15,599 | +88.9% |
| Income taxes | 67/77 | €4,400 | €7,494 | +€3,094 | +70.3% |
| Profit (loss) for the period | 9904 | €13,156 | €25,661 | +€12,505 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,156 | €25,661 | +€12,505 | +95.1% |
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 14 October 2026 via checked.be.