KALO: 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.
KALO
Largest movements
- Cash +€9,480
up €9,480 (+82.9%), from €11,435 to €20,916
mainly Tax, wage and social debts (+€3,803) and Trade debts (+€2,355)
- Tangible fixed assets -€291
no longer reported in 2025 (was €291)
- Tax, wage and social debts +€3,803
up €3,803 (+99.6%), from €3,819 to €7,621
- Trade debts +€2,355
up €2,355 (+141%), from €1,665 to €4,020
- Profit (loss) carried forward +€1,855
up €1,855 (+6.8%), from -€27,091 to -€25,236
- Other debts +€1,176
up €1,176 (+55.1%), from €2,133 to €3,309
- Other operating charges +€1,129
up €1,129 (+181%), from €623 to €1,752
- Taxes +€984
up €984 (+34.9%), from €2,819 to €3,803
- Depreciation -€208
down €208 (-41.7%), from €499 to €291
- Gross operating margin +€105
up €105 (+1.4%), from €7,670 to €7,775
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 | €11,726 | €20,916 | +€9,189 | +78.4% |
| Fixed assets | 21/28 | €291 | - | -€291 | |
| Tangible fixed assets | 22/27 | €291 | - | -€291 | |
| Plant, machinery and equipment | 23 | €291 | - | -€291 | |
| Current assets | 29/58 | €11,435 | €20,916 | +€9,480 | +82.9% |
| Cash at bank and in hand | 54/58 | €11,435 | €20,916 | +€9,480 | +82.9% |
| Total equity and liabilities | 10/49 | €11,726 | €20,916 | +€9,189 | +78.4% |
| Equity | 10/15 | -€20,891 | -€19,036 | +€1,855 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,091 | -€25,236 | +€1,855 | +6.8% |
| Amounts payable | 17/49 | €32,617 | €39,951 | +€7,334 | +22.5% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,617 | €14,951 | +€7,334 | +96.3% |
| Trade debts | 44 | €1,665 | €4,020 | +€2,355 | +141% |
| Suppliers | 440/4 | €1,665 | €4,020 | +€2,355 | +141% |
| Taxes, remuneration and social security | 45 | €3,819 | €7,621 | +€3,803 | +99.6% |
| Taxes | 450/3 | €3,819 | €7,621 | +€3,803 | +99.6% |
| Other amounts payable | 47/48 | €2,133 | €3,309 | +€1,176 | +55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €291 | -€208 | -41.7% |
| Other operating charges | 640/8 | €623 | €1,752 | +€1,129 | +181% |
| Gross operating margin | 9900 | €7,670 | €7,775 | +€105 | +1.4% |
| Operating profit (loss) | 9901 | €6,548 | €5,732 | -€816 | -12.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.3% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €6,474 | €5,658 | -€816 | -12.6% |
| Income taxes | 67/77 | €2,819 | €3,803 | +€984 | +34.9% |
| Profit (loss) for the period | 9904 | €3,655 | €1,855 | -€1,800 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,655 | €1,855 | -€1,800 | -49.2% |
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 15 October 2026 via checked.be.