Kalmthal: 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.
Kalmthal
Largest movements
- Tangible fixed assets -€32,605
down €32,605 (-6.6%), from €497,403 to €464,798
of which Land and buildings: -€39,384
- Cash +€26,797
up €26,797 (+30.5%), from €87,939 to €114,737
mainly Short-term financial debts (+€102,365) and Depreciation (+€41,690)
- Short-term financial debts +€102,365
new in 2025: €102,365
- Other debts -€97,887
down €97,887 (-65.3%), from €150,005 to €52,118
- Trade debts -€12,544
down €12,544 (-19.8%), from €63,227 to €50,683
- Profit (loss) carried forward +€12,295
up €12,295, from €0 to €12,295
- Current portion of long-term debt -€7,944
down €7,944 (-37.6%), from €21,132 to €13,188
- Gross operating margin +€41,299
up €41,299 (+32.4%), from €127,522 to €168,821
- Other operating charges +€20,701
up €20,701 (+135%), from €15,354 to €36,055
- Financial charges +€9,717
up €9,717 (+118%), from €8,204 to €17,921
- Staff costs -€5,299
down €5,299 (-8.5%), from €62,579 to €57,280
- Taxes +€3,885
up €3,885 (+624%), from €623 to €4,508
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 | €588,376 | €592,667 | +€4,291 | +0.7% |
| Fixed assets | 21/28 | €497,403 | €464,798 | -€32,605 | -6.6% |
| Tangible fixed assets | 22/27 | €497,403 | €464,798 | -€32,605 | -6.6% |
| Land and buildings | 22 | €491,551 | €452,167 | -€39,384 | -8.0% |
| Plant, machinery and equipment | 23 | €3,419 | €2,529 | -€891 | -26.0% |
| Furniture and vehicles | 24 | €2,433 | €10,102 | +€7,670 | +315% |
| Current assets | 29/58 | €90,973 | €127,869 | +€36,896 | +40.6% |
| Stocks and contracts in progress | 3 | €2,489 | €2,170 | -€319 | -12.8% |
| Stocks | 30/36 | €2,489 | €2,170 | -€319 | -12.8% |
| Amounts receivable within one year | 40/41 | €452 | €3,295 | +€2,843 | +629% |
| Trade receivables | 40 | €452 | €1,881 | +€1,430 | +316% |
| Other amounts receivable | 41 | €0 | €1,413 | +€1,413 | |
| Current investments | 50/53 | - | €4,901 | +€4,901 | |
| Cash at bank and in hand | 54/58 | €87,939 | €114,737 | +€26,797 | +30.5% |
| Deferred charges and accrued income | 490/1 | €93 | €2,767 | +€2,675 | +2,891% |
| Total equity and liabilities | 10/49 | €588,376 | €592,667 | +€4,291 | +0.7% |
| Equity | 10/15 | €78,440 | €90,735 | +€12,295 | +15.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €16,440 | €16,440 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €10,240 | €10,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €12,295 | +€12,295 | |
| Amounts payable | 17/49 | €509,937 | €501,933 | -€8,004 | -1.6% |
| Amounts payable after more than one year | 17 | €210,233 | €209,310 | -€923 | -0.4% |
| Financial debts | 170/4 | €210,233 | €209,310 | -€923 | -0.4% |
| Amounts payable within one year | 42/48 | €246,604 | €235,223 | -€11,381 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €21,132 | €13,188 | -€7,944 | -37.6% |
| Financial debts | 43 | - | €102,365 | +€102,365 | |
| Credit institutions | 430/8 | - | €102,365 | +€102,365 | |
| Trade debts | 44 | €63,227 | €50,683 | -€12,544 | -19.8% |
| Suppliers | 440/4 | €63,227 | €50,683 | -€12,544 | -19.8% |
| Taxes, remuneration and social security | 45 | €12,240 | €16,868 | +€4,628 | +37.8% |
| Taxes | 450/3 | €5,776 | €12,800 | +€7,024 | +122% |
| Remuneration and social security | 454/9 | €6,464 | €4,068 | -€2,396 | -37.1% |
| Other amounts payable | 47/48 | €150,005 | €52,118 | -€97,887 | -65.3% |
| Accrued charges and deferred income | 492/3 | €53,100 | €57,400 | +€4,300 | +8.1% |
| Remuneration, social security and pensions | 62 | €62,579 | €57,280 | -€5,299 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,845 | €41,690 | +€1,845 | +4.6% |
| Other operating charges | 640/8 | €15,354 | €36,055 | +€20,701 | +135% |
| Gross operating margin | 9900 | €127,522 | €168,821 | +€41,299 | +32.4% |
| Operating profit (loss) | 9901 | €9,745 | €33,796 | +€24,051 | +247% |
| Financial income | 75/76B | €928 | €928 | +€0 | 0.0% |
| Recurring financial income | 75 | €928 | €928 | +€0 | 0.0% |
| Financial charges | 65/66B | €8,204 | €17,921 | +€9,717 | +118% |
| Recurring financial charges | 65 | €8,204 | €17,921 | +€9,717 | +118% |
| Profit (loss) for the period before taxes | 9903 | €2,468 | €16,803 | +€14,334 | +581% |
| Income taxes | 67/77 | €623 | €4,508 | +€3,885 | +624% |
| Profit (loss) for the period | 9904 | €1,846 | €12,295 | +€10,449 | +566% |
| Profit (loss) for the period to be appropriated | 9905 | €1,846 | €12,295 | +€10,449 | +566% |
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 13 October 2026 via checked.be.