KALTEC: 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.
KALTEC
Largest movements
- Cash +€45,900
up €45,900 (+134%), from €34,157 to €80,057
mainly Net result for the year (+€27,811) and Depreciation (+€17,676)
- Tangible fixed assets -€17,676
down €17,676 (-5.7%), from €309,955 to €292,280
of which Land and buildings: -€16,679
- Tax, wage and social debts +€10,632
up €10,632 (+141%), from €7,520 to €18,152
of which Taxes: +€10,505
- Reserves +€9,811
up €9,811 (+14.2%), from €69,120 to €78,931
of which Distributable reserves: +€9,811
- Other debts +€4,675
up €4,675 (+44.0%), from €10,625 to €15,300
- Gross operating margin +€27,877
up €27,877 (+63.3%), from €44,008 to €71,885
- Taxes +€14,142
up €14,142, from -€3,229 to €10,913
- Depreciation +€4,499
up €4,499 (+34.1%), from €13,177 to €17,676
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 | €384,783 | €412,286 | +€27,503 | +7.1% |
| Fixed assets | 21/28 | €309,955 | €292,280 | -€17,676 | -5.7% |
| Tangible fixed assets | 22/27 | €309,955 | €292,280 | -€17,676 | -5.7% |
| Land and buildings | 22 | €306,930 | €290,250 | -€16,679 | -5.4% |
| Plant, machinery and equipment | 23 | €1,839 | €1,140 | -€700 | -38.0% |
| Furniture and vehicles | 24 | €1,187 | €890 | -€297 | -25.0% |
| Current assets | 29/58 | €74,827 | €120,006 | +€45,179 | +60.4% |
| Amounts receivable within one year | 40/41 | €33,744 | €32,767 | -€976 | -2.9% |
| Trade receivables | 40 | €25,972 | €25,218 | -€754 | -2.9% |
| Other amounts receivable | 41 | €7,771 | €7,549 | -€223 | -2.9% |
| Current investments | 50/53 | €5,603 | €5,603 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €34,157 | €80,057 | +€45,900 | +134% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,579 | +€255 | +19.3% |
| Total equity and liabilities | 10/49 | €384,783 | €412,286 | +€27,503 | +7.1% |
| Equity | 10/15 | €89,120 | €98,931 | +€9,811 | +11.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €69,120 | €78,931 | +€9,811 | +14.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €69,120 | €78,931 | +€9,811 | +14.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €295,663 | €313,355 | +€17,692 | +6.0% |
| Amounts payable after more than one year | 17 | €260,773 | €261,921 | +€1,148 | +0.4% |
| Financial debts | 170/4 | €212,323 | €195,734 | -€16,589 | -7.8% |
| Other amounts payable | 178/9 | €48,450 | €66,187 | +€17,738 | +36.6% |
| Amounts payable within one year | 42/48 | €34,890 | €51,419 | +€16,530 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €15,875 | €16,589 | +€714 | +4.5% |
| Trade debts | 44 | €870 | €1,377 | +€508 | +58.4% |
| Suppliers | 440/4 | €870 | €1,377 | +€508 | +58.4% |
| Taxes, remuneration and social security | 45 | €7,520 | €18,152 | +€10,632 | +141% |
| Taxes | 450/3 | €5,512 | €16,017 | +€10,505 | +191% |
| Remuneration and social security | 454/9 | €2,008 | €2,136 | +€128 | +6.4% |
| Other amounts payable | 47/48 | €10,625 | €15,300 | +€4,675 | +44.0% |
| Accrued charges and deferred income | 492/3 | €0 | €14 | +€14 | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,177 | €17,676 | +€4,499 | +34.1% |
| Other operating charges | 640/8 | €1,104 | €1,269 | +€165 | +14.9% |
| Gross operating margin | 9900 | €44,008 | €71,885 | +€27,877 | +63.3% |
| Operating profit (loss) | 9901 | €29,728 | €52,691 | +€22,963 | +77.2% |
| Financial income | 75/76B | €334 | €49 | -€285 | -85.4% |
| Recurring financial income | 75 | €334 | €49 | -€285 | -85.4% |
| Financial charges | 65/66B | €13,606 | €14,015 | +€409 | +3.0% |
| Recurring financial charges | 65 | €13,606 | €14,015 | +€409 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €16,455 | €38,724 | +€22,269 | +135% |
| Income taxes | 67/77 | -€3,229 | €10,913 | +€14,142 | |
| Profit (loss) for the period | 9904 | €19,685 | €27,811 | +€8,126 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,685 | €27,811 | +€8,126 | +41.3% |
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 19 October 2026 via checked.be.