Kalsang-Tec: 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.
Kalsang-Tec
Largest movements
- Stocks and contracts +€17,869
new in 2025: €17,869
of which Contracts in progress: +€17,169
- Cash -€8,487
down €8,487 (-28.0%), from €30,360 to €21,873
mainly Other debts (-€31,705) and Stocks and contracts (-€17,869)
- Tangible fixed assets -€6,079
down €6,079 (-19.5%), from €31,239 to €25,160
of which Furniture and vehicles: -€6,732
- Receivables within one year -€2,607
down €2,607 (-16.9%), from €15,419 to €12,812
of which Trade receivables: -€2,927
- Other debts -€31,705
down €31,705 (-84.4%), from €37,577 to €5,872
- Tax, wage and social debts +€21,266
up €21,266 (+167%), from €12,711 to €33,978
of which Remuneration and social security: +€22,051
- Reserves +€11,051
up €11,051 (+45.6%), from €24,260 to €35,311
- Gross operating margin -€14,341
down €14,341 (-39.8%), from €35,996 to €21,655
- Taxes -€6,230
down €6,230 (-69.9%), from €8,909 to €2,679
- Depreciation +€4,575
up €4,575 (+173%), from €2,646 to €7,221
- Other operating charges +€472
up €472 (+261%), from €181 to €653
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 | €77,430 | €78,092 | +€662 | +0.9% |
| Fixed assets | 21/28 | €31,239 | €25,160 | -€6,079 | -19.5% |
| Tangible fixed assets | 22/27 | €31,239 | €25,160 | -€6,079 | -19.5% |
| Plant, machinery and equipment | 23 | - | €653 | +€653 | |
| Furniture and vehicles | 24 | €31,239 | €24,507 | -€6,732 | -21.6% |
| Current assets | 29/58 | €46,191 | €52,932 | +€6,742 | +14.6% |
| Stocks and contracts in progress | 3 | - | €17,869 | +€17,869 | |
| Stocks | 30/36 | - | €700 | +€700 | |
| Contracts in progress | 37 | - | €17,169 | +€17,169 | |
| Amounts receivable within one year | 40/41 | €15,419 | €12,812 | -€2,607 | -16.9% |
| Trade receivables | 40 | €13,431 | €10,504 | -€2,927 | -21.8% |
| Other amounts receivable | 41 | €1,988 | €2,308 | +€320 | +16.1% |
| Cash at bank and in hand | 54/58 | €30,360 | €21,873 | -€8,487 | -28.0% |
| Deferred charges and accrued income | 490/1 | €412 | €378 | -€34 | -8.4% |
| Total equity and liabilities | 10/49 | €77,430 | €78,092 | +€662 | +0.9% |
| Equity | 10/15 | €26,260 | €37,311 | +€11,051 | +42.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,260 | €35,311 | +€11,051 | +45.6% |
| Distributable reserves | 133 | €24,260 | €35,311 | +€11,051 | +45.6% |
| Amounts payable | 17/49 | €51,170 | €40,781 | -€10,388 | -20.3% |
| Amounts payable within one year | 42/48 | €51,170 | €40,781 | -€10,388 | -20.3% |
| Trade debts | 44 | €881 | €931 | +€50 | +5.7% |
| Suppliers | 440/4 | €881 | €931 | +€50 | +5.7% |
| Taxes, remuneration and social security | 45 | €12,711 | €33,978 | +€21,266 | +167% |
| Taxes | 450/3 | €6,123 | €5,338 | -€785 | -12.8% |
| Remuneration and social security | 454/9 | €6,589 | €28,640 | +€22,051 | +335% |
| Other amounts payable | 47/48 | €37,577 | €5,872 | -€31,705 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,646 | €7,221 | +€4,575 | +173% |
| Other operating charges | 640/8 | €181 | €653 | +€472 | +261% |
| Gross operating margin | 9900 | €35,996 | €21,655 | -€14,341 | -39.8% |
| Operating profit (loss) | 9901 | €33,169 | €13,781 | -€19,388 | -58.5% |
| Financial income | 75/76B | €14 | €2 | -€12 | -88.7% |
| Recurring financial income | 75 | €14 | €2 | -€12 | -88.7% |
| Financial charges | 65/66B | €14 | €53 | +€39 | +274% |
| Recurring financial charges | 65 | €14 | €53 | +€39 | +274% |
| Profit (loss) for the period before taxes | 9903 | €33,169 | €13,730 | -€19,439 | -58.6% |
| Income taxes | 67/77 | €8,909 | €2,679 | -€6,230 | -69.9% |
| Profit (loss) for the period | 9904 | €24,260 | €11,051 | -€13,210 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,260 | €11,051 | -€13,210 | -54.4% |
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 22 October 2026 via checked.be.