Kalogeropoulos & Associates: 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.
Kalogeropoulos & Associates
Largest movements
- Current investments +€201,482
new in 2025: €201,482
- Cash -€94,863
down €94,863 (-40.5%), from €234,029 to €139,166
mainly Current investments (-€201,482) and Receivables within one year (-€66,561)
- Receivables within one year +€66,561
up €66,561 (+405%), from €16,427 to €82,988
of which Other amounts receivable: +€66,190
- Tangible fixed assets +€17,811
up €17,811 (+89.3%), from €19,944 to €37,755
- Profit (loss) carried forward +€152,583
up €152,583 (+79.4%), from €192,196 to €344,780
- Tax, wage and social debts +€34,372
up €34,372 (+50.1%), from €68,664 to €103,036
of which Taxes: +€31,750
- Gross operating margin +€50,303
up €50,303 (+34.7%), from €145,153 to €195,455
- Taxes +€13,102
up €13,102 (+40.2%), from €32,602 to €45,704
- Financial income +€2,898
new in 2025: €2,898
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 | €270,400 | €461,391 | +€190,991 | +70.6% |
| Fixed assets | 21/28 | €19,944 | €37,755 | +€17,811 | +89.3% |
| Tangible fixed assets | 22/27 | €19,944 | €37,755 | +€17,811 | +89.3% |
| Other tangible fixed assets | 26 | €19,944 | €37,755 | +€17,811 | +89.3% |
| Current assets | 29/58 | €250,456 | €423,636 | +€173,180 | +69.1% |
| Amounts receivable within one year | 40/41 | €16,427 | €82,988 | +€66,561 | +405% |
| Trade receivables | 40 | €16,427 | €16,797 | +€371 | +2.3% |
| Other amounts receivable | 41 | - | €66,190 | +€66,190 | |
| Current investments | 50/53 | - | €201,482 | +€201,482 | |
| Cash at bank and in hand | 54/58 | €234,029 | €139,166 | -€94,863 | -40.5% |
| Total equity and liabilities | 10/49 | €270,400 | €461,391 | +€190,991 | +70.6% |
| Equity | 10/15 | €193,196 | €345,780 | +€152,583 | +79.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,196 | €344,780 | +€152,583 | +79.4% |
| Amounts payable | 17/49 | €77,204 | €115,611 | +€38,407 | +49.7% |
| Amounts payable within one year | 42/48 | €77,204 | €115,611 | +€38,407 | +49.7% |
| Trade debts | 44 | €8,339 | €12,575 | +€4,236 | +50.8% |
| Suppliers | 440/4 | €8,339 | €12,575 | +€4,236 | +50.8% |
| Taxes, remuneration and social security | 45 | €68,664 | €103,036 | +€34,372 | +50.1% |
| Taxes | 450/3 | €68,664 | €100,414 | +€31,750 | +46.2% |
| Remuneration and social security | 454/9 | - | €2,622 | +€2,622 | |
| Other amounts payable | 47/48 | €201 | €0 | -€201 | -100% |
| Remuneration, social security and pensions | 62 | - | €27 | +€27 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €145,153 | €195,455 | +€50,303 | +34.7% |
| Operating profit (loss) | 9901 | €145,153 | €195,428 | +€50,276 | +34.6% |
| Financial income | 75/76B | - | €2,898 | +€2,898 | |
| Recurring financial income | 75 | - | €2,898 | +€2,898 | |
| Financial charges | 65/66B | €75 | €39 | -€35 | -47.6% |
| Recurring financial charges | 65 | €75 | €39 | -€35 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €145,078 | €198,288 | +€53,210 | +36.7% |
| Income taxes | 67/77 | €32,602 | €45,704 | +€13,102 | +40.2% |
| Profit (loss) for the period | 9904 | €112,476 | €152,583 | +€40,108 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,476 | €152,583 | +€40,108 | +35.7% |
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.