KALO: what changed
Two fiscal 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.
What changed
KALO
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€263,708
2024 · €166,469+€97,238
Equity
€1.2m
2024 · €1.2m+€63,708
Cash
€238,302
2024 · €39,638+€198,664
Balance sheet total
€3.0m
2024 · €3.0m+€5,490
Largest movements
Assets
- Cash +€198,664
up €198,664 (+501.2%), from €39,638 to €238,302
mainly Net result for the year (+€263,708) and Depreciation (+€186,039)
- Receivables after one year -€107,466
down €107,466 (-100.0%), from €107,466 to €0
- Receivables within one year -€102,186
down €102,186 (-60.3%), from €169,399 to €67,213
of which Other amounts receivable: -€62,428
- Stocks and contracts +€87,582
up €87,582 (+28.8%), from €304,460 to €392,042
- Tangible fixed assets -€70,321
down €70,321 (-3.0%), from €2.3m to €2.3m
Equity and liabilities
- Trade debts -€86,327
down €86,327 (-36.3%), from €237,605 to €151,278
- Reserves +€63,708
up €63,708 (+7.7%), from €832,250 to €895,958
of which Distributable reserves: +€63,708
- Debts after one year -€36,653
down €36,653 (-3.1%), from €1.2m to €1.1m
Income statement
- Gross operating margin +€240,579
up €240,579 (+38.6%), from €623,992 to €864,570
- Write-downs +€65,997
up €65,997 (+221.7%), from €29,773 to €95,770
- Taxes +€49,194
up €49,194 (+68.0%), from €72,298 to €121,492
- Depreciation +€24,287
up €24,287 (+15.0%), from €161,752 to €186,039
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.
Result 2024
€166,469
Gross operating margin
+€240,579
Staff costs
-€4,125
Depreciation
-€24,287
Write-downs
-€65,997
Other operating charges
-€252
Other operating items
+€1,560
Financial income
-€807
Financial charges
-€238
Taxes
-€49,194
Result 2025
€263,708
Cash bridge derived
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.
From operations
+€541,582
Investment
-€115,328
Financing
-€227,590
Cash 2024
€39,638
From operations (derived)
+€541,582
Net result for the year
+€263,708
Depreciation
+€186,039
Receivables after one year
+€107,466
Stocks and contracts
-€87,582
Receivables within one year
+€102,186
Deferred charges and accrued income
+€394
Trade debts
-€86,327
Tax, wage and social debts
+€25,543
Advances received
+€15,626
Other debts
+€13,010
Accrued charges and deferred income
+€1,520
Investment (derived)
-€115,328
Investment in fixed assets (net)
-€115,328
Financing
-€227,590
Debts after one year
-€36,653
Current portion of long-term debt
+€22,410
Short-term financial debts
-€13,347
Contributions, distributions and other
-€200,000
Cash 2025
€238,302
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,975,382 | €2,980,872 | +€5,490 | +0.2% |
| Fixed assets | 21/28 | €2,342,558 | €2,271,847 | -€70,711 | -3.0% |
| Intangible fixed assets | 21 | €981 | €591 | -€390 | -39.7% |
| Tangible fixed assets | 22/27 | €2,340,776 | €2,270,455 | -€70,321 | -3.0% |
| Land and buildings | 22 | €2,230,450 | €2,205,279 | -€25,172 | -1.1% |
| Plant, machinery and equipment | 23 | €75,074 | €54,551 | -€20,523 | -27.3% |
| Furniture and vehicles | 24 | €35,252 | €10,626 | -€24,626 | -69.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €632,825 | €709,025 | +€76,201 | +12.0% |
| Amounts receivable after more than one year | 29 | €107,466 | €0 | -€107,466 | -100.0% |
| Other amounts receivable | 291 | €107,466 | €0 | -€107,466 | -100.0% |
| Stocks and contracts in progress | 3 | €304,460 | €392,042 | +€87,582 | +28.8% |
| Stocks | 30/36 | €304,460 | €392,042 | +€87,582 | +28.8% |
| Amounts receivable within one year | 40/41 | €169,399 | €67,213 | -€102,186 | -60.3% |
| Trade receivables | 40 | €106,959 | €67,202 | -€39,757 | -37.2% |
| Other amounts receivable | 41 | €62,439 | €11 | -€62,428 | -100.0% |
| Cash at bank and in hand | 54/58 | €39,638 | €238,302 | +€198,664 | +501.2% |
| Deferred charges and accrued income | 490/1 | €11,862 | €11,468 | -€394 | -3.3% |
| Total equity and liabilities | 10/49 | €2,975,382 | €2,980,872 | +€5,490 | +0.2% |
| Equity | 10/15 | €1,182,144 | €1,245,852 | +€63,708 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €832,250 | €895,958 | +€63,708 | +7.7% |
| Tax-exempt reserves | 132 | €60,065 | €60,065 | = | 0.0% |
| Distributable reserves | 133 | €772,185 | €835,893 | +€63,708 | +8.3% |
| Profit (loss) carried forward | 14 | €343,694 | €343,694 | = | 0.0% |
| Provisions and deferred taxes | 16 | €89,030 | €89,030 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €89,030 | €89,030 | = | 0.0% |
| Other liabilities and charges | 164/5 | €89,030 | €89,030 | = | 0.0% |
| Amounts payable | 17/49 | €1,704,208 | €1,645,990 | -€58,218 | -3.4% |
| Amounts payable after more than one year | 17 | €1,180,890 | €1,144,237 | -€36,653 | -3.1% |
| Financial debts | 170/4 | €1,180,890 | €1,144,237 | -€36,653 | -3.1% |
| Amounts payable within one year | 42/48 | €523,318 | €500,233 | -€23,085 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €97,068 | €119,477 | +€22,410 | +23.1% |
| Financial debts | 43 | €36,903 | €23,557 | -€13,347 | -36.2% |
| Credit institutions | 430/8 | €36,903 | €23,557 | -€13,347 | -36.2% |
| Trade debts | 44 | €237,605 | €151,278 | -€86,327 | -36.3% |
| Suppliers | 440/4 | €237,605 | €151,278 | -€86,327 | -36.3% |
| Advances received on contracts in progress | 46 | €50,135 | €65,761 | +€15,626 | +31.2% |
| Taxes, remuneration and social security | 45 | €99,108 | €124,651 | +€25,543 | +25.8% |
| Taxes | 450/3 | €64,387 | €96,241 | +€31,854 | +49.5% |
| Remuneration and social security | 454/9 | €34,721 | €28,410 | -€6,311 | -18.2% |
| Other amounts payable | 47/48 | €2,500 | €15,510 | +€13,010 | +520.4% |
| Accrued charges and deferred income | 492/3 | €0 | €1,520 | +€1,520 | |
| Non-recurring operating income | 76A | €26,027 | €0 | -€26,027 | -100.0% |
| Remuneration, social security and pensions | 62 | €155,896 | €160,021 | +€4,125 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,752 | €186,039 | +€24,287 | +15.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €29,773 | €95,770 | +€65,997 | +221.7% |
| Other operating charges | 640/8 | €9,370 | €9,622 | +€252 | +2.7% |
| Non-recurring operating charges | 66A | €1,560 | €0 | -€1,560 | -100.0% |
| Gross operating margin | 9900 | €623,992 | €864,570 | +€240,579 | +38.6% |
| Operating profit (loss) | 9901 | €265,641 | €413,119 | +€147,478 | +55.5% |
| Financial income | 75/76B | €11,492 | €10,684 | -€807 | -7.0% |
| Recurring financial income | 75 | €11,492 | €10,684 | -€807 | -7.0% |
| Financial charges | 65/66B | €38,365 | €38,603 | +€238 | +0.6% |
| Recurring financial charges | 65 | €38,365 | €38,603 | +€238 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €238,767 | €385,200 | +€146,432 | +61.3% |
| Income taxes | 67/77 | €72,298 | €121,492 | +€49,194 | +68.0% |
| Profit (loss) for the period | 9904 | €166,469 | €263,708 | +€97,238 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €166,469 | €263,708 | +€97,238 | +58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.