KALMAN: 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.
KALMAN
Largest movements
- Receivables within one year +€12,889
up €12,889 (+29.3%), from €43,984 to €56,872
of which Other amounts receivable: +€7,656
- Cash -€1,135
no longer reported in 2025 (was €1,135)
- Advances received +€4,890
up €4,890 (+87.9%), from €5,560 to €10,450
- Profit (loss) carried forward +€4,746
up €4,746 (+15.7%), from €30,264 to €35,010
- Tax, wage and social debts +€1,154
up €1,154 (+13.8%), from €8,383 to €9,536
- Trade debts +€915
up €915 (+100%), from €912 to €1,827
- Turnover +€34,464
new in 2025: €34,464
- Gross operating margin -€29,367
down €29,367, from €28,714 to -€653
- Purchases and services +€12,025
up €12,025 (+52.1%), from €23,092 to €35,117
- Taxes -€5,978
down €5,978 (-88.4%), from €6,762 to €784
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,118 | €56,872 | +€11,754 | +26.1% |
| Current assets | 29/58 | €45,118 | €56,872 | +€11,754 | +26.1% |
| Amounts receivable within one year | 40/41 | €43,984 | €56,872 | +€12,889 | +29.3% |
| Trade receivables | 40 | €5,560 | €10,792 | +€5,232 | +94.1% |
| Other amounts receivable | 41 | €38,424 | €46,080 | +€7,656 | +19.9% |
| Cash at bank and in hand | 54/58 | €1,135 | - | -€1,135 | |
| Total equity and liabilities | 10/49 | €45,118 | €56,872 | +€11,754 | +26.1% |
| Equity | 10/15 | €30,264 | €35,010 | +€4,746 | +15.7% |
| Profit (loss) carried forward | 14 | €30,264 | €35,010 | +€4,746 | +15.7% |
| Amounts payable | 17/49 | €14,855 | €21,862 | +€7,008 | +47.2% |
| Amounts payable within one year | 42/48 | €14,855 | €21,862 | +€7,008 | +47.2% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €912 | €1,827 | +€915 | +100% |
| Suppliers | 440/4 | €912 | €1,827 | +€915 | +100% |
| Advances received on contracts in progress | 46 | €5,560 | €10,450 | +€4,890 | +87.9% |
| Taxes, remuneration and social security | 45 | €8,383 | €9,536 | +€1,154 | +13.8% |
| Taxes | 450/3 | €8,383 | €9,536 | +€1,154 | +13.8% |
| Turnover | 70 | - | €34,464 | +€34,464 | |
| Goods, raw materials, services and sundry goods | 60/61 | €23,092 | €35,117 | +€12,025 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | - | €97 | +€97 | |
| Gross operating margin | 9900 | €28,714 | -€653 | -€29,367 | |
| Operating profit (loss) | 9901 | €28,714 | -€750 | -€29,464 | |
| Financial income | 75/76B | €1,971 | €2,292 | +€321 | +16.3% |
| Recurring financial income | 75 | €1,971 | €2,292 | +€321 | +16.3% |
| Non-recurring financial income | 76B | €1,971 | - | -€1,971 | |
| Financial charges | 65/66B | €142 | €239 | +€97 | +67.8% |
| Recurring financial charges | 65 | €142 | €239 | +€97 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | €30,543 | €1,303 | -€29,239 | -95.7% |
| Income taxes | 67/77 | €6,762 | €784 | -€5,978 | -88.4% |
| Profit (loss) for the period | 9904 | €23,781 | €520 | -€23,261 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,781 | €520 | -€23,261 | -97.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.