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
- Receivables within one year -€47,029
down €47,029 (-68.5%), from €68,692 to €21,663
of which Trade receivables: -€39,798
- Cash -€38,267
down €38,267 (-71.3%), from €53,640 to €15,373
mainly Trade debts (-€45,893) and Accrued charges and deferred income (-€29,856)
- Trade debts -€45,893
down €45,893 (-85.9%), from €53,447 to €7,554
- Accrued charges and deferred income -€29,856
down €29,856 (-99.5%), from €30,000 to €144
- Profit (loss) carried forward -€9,170
down €9,170 (-34.9%), from €26,248 to €17,078
- Gross operating margin -€20,716
down €20,716 (-33.6%), from €61,662 to €40,946
- Staff costs +€7,608
up €7,608 (+19.0%), from €39,975 to €47,583
- Taxes -€4,279
down €4,279 (-84.7%), from €5,050 to €771
- Financial charges -€863
down €863 (-75.5%), from €1,144 to €280
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,892 | €43,344 | -€85,548 | -66.4% |
| Fixed assets | 21/28 | €4,053 | €3,153 | -€900 | -22.2% |
| Tangible fixed assets | 22/27 | €4,053 | €3,153 | -€900 | -22.2% |
| Plant, machinery and equipment | 23 | €1,895 | €1,445 | -€450 | -23.8% |
| Furniture and vehicles | 24 | €2,158 | €1,708 | -€450 | -20.8% |
| Current assets | 29/58 | €124,839 | €40,191 | -€84,648 | -67.8% |
| Stocks and contracts in progress | 3 | €831 | €808 | -€23 | -2.7% |
| Stocks | 30/36 | €831 | €808 | -€23 | -2.7% |
| Amounts receivable within one year | 40/41 | €68,692 | €21,663 | -€47,029 | -68.5% |
| Trade receivables | 40 | €46,816 | €7,018 | -€39,798 | -85.0% |
| Other amounts receivable | 41 | €21,876 | €14,645 | -€7,231 | -33.1% |
| Cash at bank and in hand | 54/58 | €53,640 | €15,373 | -€38,267 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,677 | €2,347 | +€670 | +39.9% |
| Total equity and liabilities | 10/49 | €128,892 | €43,344 | -€85,548 | -66.4% |
| Equity | 10/15 | €31,248 | €22,078 | -€9,170 | -29.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,248 | €17,078 | -€9,170 | -34.9% |
| Amounts payable | 17/49 | €97,645 | €21,267 | -€76,378 | -78.2% |
| Amounts payable within one year | 42/48 | €67,645 | €21,123 | -€46,522 | -68.8% |
| Trade debts | 44 | €53,447 | €7,554 | -€45,893 | -85.9% |
| Suppliers | 440/4 | €53,447 | €7,554 | -€45,893 | -85.9% |
| Taxes, remuneration and social security | 45 | €14,198 | €13,569 | -€629 | -4.4% |
| Taxes | 450/3 | €7,987 | €4,864 | -€3,123 | -39.1% |
| Remuneration and social security | 454/9 | €6,211 | €8,705 | +€2,494 | +40.2% |
| Accrued charges and deferred income | 492/3 | €30,000 | €144 | -€29,856 | -99.5% |
| Remuneration, social security and pensions | 62 | €39,975 | €47,583 | +€7,608 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €446 | €900 | +€454 | +101.6% |
| Other operating charges | 640/8 | €1,623 | €1,577 | -€47 | -2.9% |
| Gross operating margin | 9900 | €61,662 | €40,946 | -€20,716 | -33.6% |
| Operating profit (loss) | 9901 | €19,618 | -€9,113 | -€28,731 | |
| Financial income | 75/76B | €1,316 | €994 | -€321 | -24.4% |
| Recurring financial income | 75 | €1,316 | €994 | -€321 | -24.4% |
| Financial charges | 65/66B | €1,144 | €280 | -€863 | -75.5% |
| Recurring financial charges | 65 | €1,144 | €280 | -€863 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €19,790 | -€8,399 | -€28,189 | |
| Income taxes | 67/77 | €5,050 | €771 | -€4,279 | -84.7% |
| Profit (loss) for the period | 9904 | €14,740 | -€9,170 | -€23,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,740 | -€9,170 | -€23,910 |
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 9 October 2026 via checked.be.