KALON: 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.
What changed
KALON
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€99,572
2024 · €78,094+€21,478
Equity
€699,512
2024 · €599,940+€99,572
Cash
€3,884
2024 · €4,042-€158
Balance sheet total
€2.3m
2024 · €2.4m-€122,490
Largest movements
Assets
- Tangible fixed assets -€146,812
down €146,812 (-9.2%), from €1.6m to €1.5m
of which Land and buildings: -€128,279
- Receivables within one year +€25,061
up €25,061 (+3.3%), from €769,116 to €794,177
of which Trade receivables: +€56,931
Equity and liabilities
- Debts after one year -€175,968
down €175,968 (-17.6%), from €997,090 to €821,122
- Reserves +€99,572
up €99,572 (+108%), from €92,600 to €192,172
of which Distributable reserves: +€99,572
- Other debts -€44,387
down €44,387 (-15.7%), from €282,905 to €238,517
Income statement
- Gross operating margin +€23,620
up €23,620 (+4.9%), from €481,018 to €504,638
- Depreciation -€15,387
down €15,387 (-9.5%), from €162,199 to €146,812
- Financial charges +€8,790
up €8,790 (+14.9%), from €59,125 to €67,915
- Staff costs +€7,171
up €7,171 (+4.0%), from €180,520 to €187,692
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
€78,094
Gross operating margin
+€23,620
Staff costs
-€7,171
Depreciation
+€15,387
Other operating charges
+€330
Financial income
-€1,526
Financial charges
-€8,790
Taxes
-€372
Result 2025
€99,572
raises the resultlowers the result
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.
From operations
+€182,435
Investment
€0
Financing
-€182,593
Cash 2024
€4,042
From operations (derived)
+€182,435
Net result for the year
+€99,572
Depreciation
+€146,812
Stocks and contracts
+€3,444
Receivables within one year
-€25,061
Deferred charges and accrued income
-€2,863
Trade debts
+€8,767
Tax, wage and social debts
-€15,273
Advances received
+€11,429
Other debts
-€44,387
Accrued charges and deferred income
-€5
Financing
-€182,593
Debts after one year
-€175,968
Current portion of long-term debt
-€14,601
Short-term financial debts
+€7,976
Cash 2025
€3,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,398,539 | €2,276,049 | -€122,490 | -5.1% |
| Fixed assets | 21/28 | €1,604,114 | €1,457,302 | -€146,812 | -9.2% |
| Tangible fixed assets | 22/27 | €1,604,114 | €1,457,302 | -€146,812 | -9.2% |
| Land and buildings | 22 | €1,524,558 | €1,396,279 | -€128,279 | -8.4% |
| Plant, machinery and equipment | 23 | €55,172 | €43,011 | -€12,161 | -22.0% |
| Furniture and vehicles | 24 | €8,707 | €6,789 | -€1,919 | -22.0% |
| Other tangible fixed assets | 26 | €15,677 | €11,224 | -€4,453 | -28.4% |
| Current assets | 29/58 | €794,425 | €818,746 | +€24,322 | +3.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €9,108 | €5,664 | -€3,444 | -37.8% |
| Stocks | 30/36 | €9,108 | €5,664 | -€3,444 | -37.8% |
| Amounts receivable within one year | 40/41 | €769,116 | €794,177 | +€25,061 | +3.3% |
| Trade receivables | 40 | €445,921 | €502,852 | +€56,931 | +12.8% |
| Other amounts receivable | 41 | €323,195 | €291,325 | -€31,870 | -9.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,042 | €3,884 | -€158 | -3.9% |
| Deferred charges and accrued income | 490/1 | €12,158 | €15,021 | +€2,863 | +23.5% |
| Total equity and liabilities | 10/49 | €2,398,539 | €2,276,049 | -€122,490 | -5.1% |
| Equity | 10/15 | €599,940 | €699,512 | +€99,572 | +16.6% |
| Contributions | 10/11 | €507,341 | €507,341 | = | 0.0% |
| Reserves | 13 | €92,600 | €192,172 | +€99,572 | +108% |
| Non-distributable reserves | 130/1 | €51,860 | €51,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €51,860 | €51,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €30,740 | €130,312 | +€99,572 | +324% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,798,598 | €1,576,536 | -€222,062 | -12.3% |
| Amounts payable after more than one year | 17 | €997,090 | €821,122 | -€175,968 | -17.6% |
| Financial debts | 170/4 | €997,090 | €821,122 | -€175,968 | -17.6% |
| Amounts payable within one year | 42/48 | €779,472 | €733,382 | -€46,089 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €194,462 | €179,861 | -€14,601 | -7.5% |
| Financial debts | 43 | €6,484 | €14,459 | +€7,976 | +123% |
| Credit institutions | 430/8 | €6,270 | €14,185 | +€7,915 | +126% |
| Other loans | 439 | €213 | €274 | +€61 | +28.7% |
| Trade debts | 44 | €102,180 | €110,947 | +€8,767 | +8.6% |
| Suppliers | 440/4 | €102,180 | €110,947 | +€8,767 | +8.6% |
| Advances received on contracts in progress | 46 | €139,496 | €150,925 | +€11,429 | +8.2% |
| Taxes, remuneration and social security | 45 | €53,946 | €38,673 | -€15,273 | -28.3% |
| Taxes | 450/3 | €27,540 | €8,940 | -€18,600 | -67.5% |
| Remuneration and social security | 454/9 | €26,406 | €29,733 | +€3,327 | +12.6% |
| Other amounts payable | 47/48 | €282,905 | €238,517 | -€44,387 | -15.7% |
| Accrued charges and deferred income | 492/3 | €22,037 | €22,032 | -€5 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €180,520 | €187,692 | +€7,171 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,199 | €146,812 | -€15,387 | -9.5% |
| Other operating charges | 640/8 | €10,449 | €10,120 | -€330 | -3.2% |
| Gross operating margin | 9900 | €481,018 | €504,638 | +€23,620 | +4.9% |
| Operating profit (loss) | 9901 | €127,849 | €160,014 | +€32,165 | +25.2% |
| Financial income | 75/76B | €10,966 | €9,440 | -€1,526 | -13.9% |
| Recurring financial income | 75 | €10,966 | €9,440 | -€1,526 | -13.9% |
| Financial charges | 65/66B | €59,125 | €67,915 | +€8,790 | +14.9% |
| Recurring financial charges | 65 | €59,125 | €67,915 | +€8,790 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €79,690 | €101,540 | +€21,850 | +27.4% |
| Income taxes | 67/77 | €1,596 | €1,968 | +€372 | +23.3% |
| Profit (loss) for the period | 9904 | €78,094 | €99,572 | +€21,478 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,094 | €99,572 | +€21,478 | +27.5% |
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 16 October 2026 via checked.be.