KALONI: 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.
KALONI
Largest movements
- Receivables within one year -€59,290
down €59,290 (-25.4%), from €233,456 to €174,166
of which Trade receivables: -€48,037
- Tangible fixed assets -€12,277
down €12,277 (-25.4%), from €48,289 to €36,012
of which Other tangible fixed assets: -€7,342
- Deferred charges and accrued income -€8,271
down €8,271 (-5.6%), from €148,000 to €139,729
- Trade debts -€72,004
no longer reported in 2025 (was €72,004)
- Tax, wage and social debts -€41,840
down €41,840 (-83.1%), from €50,331 to €8,491
- Profit (loss) carried forward +€30,154
up €30,154 (+16.4%), from €183,715 to €213,869
- Other operating charges -€4,039
down €4,039 (-40.4%), from €10,007 to €5,968
- Taxes -€3,107
down €3,107 (-17.5%), from €17,778 to €14,671
- Depreciation -€1,610
down €1,610 (-11.6%), from €13,887 to €12,277
- Financial charges -€1,423
down €1,423 (-43.2%), from €3,290 to €1,867
- Gross operating margin +€1,371
up €1,371 (+2.2%), from €63,461 to €64,832
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €431,315 | €350,234 | -€81,081 | -18.8% |
| Fixed assets | 21/28 | €48,289 | €36,012 | -€12,277 | -25.4% |
| Tangible fixed assets | 22/27 | €48,289 | €36,012 | -€12,277 | -25.4% |
| Plant, machinery and equipment | 23 | €6,141 | €3,248 | -€2,893 | -47.1% |
| Furniture and vehicles | 24 | €3,173 | €1,130 | -€2,043 | -64.4% |
| Other tangible fixed assets | 26 | €38,310 | €30,968 | -€7,342 | -19.2% |
| Assets under construction and advance payments | 27 | €666 | €666 | = | 0.0% |
| Current assets | 29/58 | €383,026 | €314,222 | -€68,804 | -18.0% |
| Amounts receivable within one year | 40/41 | €233,456 | €174,166 | -€59,290 | -25.4% |
| Trade receivables | 40 | €108,879 | €60,843 | -€48,037 | -44.1% |
| Other amounts receivable | 41 | €124,577 | €113,324 | -€11,253 | -9.0% |
| Cash at bank and in hand | 54/58 | €1,569 | €327 | -€1,243 | -79.2% |
| Deferred charges and accrued income | 490/1 | €148,000 | €139,729 | -€8,271 | -5.6% |
| Total equity and liabilities | 10/49 | €431,315 | €350,234 | -€81,081 | -18.8% |
| Equity | 10/15 | €287,675 | €317,829 | +€30,154 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,360 | €85,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €83,500 | €85,360 | +€1,860 | +2.2% |
| Profit (loss) carried forward | 14 | €183,715 | €213,869 | +€30,154 | +16.4% |
| Amounts payable | 17/49 | €143,640 | €32,405 | -€111,235 | -77.4% |
| Amounts payable within one year | 42/48 | €143,640 | €32,405 | -€111,235 | -77.4% |
| Trade debts | 44 | €72,004 | - | -€72,004 | |
| Suppliers | 440/4 | €72,004 | - | -€72,004 | |
| Taxes, remuneration and social security | 45 | €50,331 | €8,491 | -€41,840 | -83.1% |
| Taxes | 450/3 | €50,331 | €8,491 | -€41,840 | -83.1% |
| Other amounts payable | 47/48 | €21,304 | €23,914 | +€2,610 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,887 | €12,277 | -€1,610 | -11.6% |
| Other operating charges | 640/8 | €10,007 | €5,968 | -€4,039 | -40.4% |
| Gross operating margin | 9900 | €63,461 | €64,832 | +€1,371 | +2.2% |
| Operating profit (loss) | 9901 | €39,568 | €46,587 | +€7,019 | +17.7% |
| Financial income | 75/76B | €804 | €106 | -€698 | -86.9% |
| Recurring financial income | 75 | €804 | €106 | -€698 | -86.9% |
| Financial charges | 65/66B | €3,290 | €1,867 | -€1,423 | -43.2% |
| Recurring financial charges | 65 | €3,290 | €1,867 | -€1,423 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €37,081 | €44,825 | +€7,744 | +20.9% |
| Income taxes | 67/77 | €17,778 | €14,671 | -€3,107 | -17.5% |
| Profit (loss) for the period | 9904 | €19,303 | €30,154 | +€10,851 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,303 | €30,154 | +€10,851 | +56.2% |
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 14 October 2026 via checked.be.