KALUS: 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.
KALUS
Largest movements
- Cash +€60,992
up €60,992 (+32.6%), from €186,839 to €247,831
mainly Net result for the year (+€84,623) and Depreciation (+€16,165)
- Receivables within one year -€8,226
down €8,226 (-69.3%), from €11,866 to €3,640
of which Other amounts receivable: -€9,309
- Tangible fixed assets -€3,865
down €3,865 (-14.8%), from €26,077 to €22,213
of which Leasing and similar rights: -€2,928
- Reserves +€84,615
up €84,615 (+57.1%), from €148,115 to €232,730
- Other debts -€20,114
down €20,114 (-66.9%), from €30,077 to €9,963
- Tax, wage and social debts -€13,035
down €13,035 (-73.4%), from €17,755 to €4,720
of which Remuneration and social security: -€7,555
- Current portion of long-term debt -€8,027
down €8,027 (-100%), from €8,027 to €0
- Trade debts +€6,110
up €6,110 (+237%), from €2,575 to €8,684
- Gross operating margin +€17,132
up €17,132 (+14.9%), from €115,167 to €132,299
- Taxes +€11,416
up €11,416 (+64.1%), from €17,798 to €29,214
- Depreciation -€10,365
down €10,365 (-39.1%), from €26,530 to €16,165
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 | €226,458 | €276,139 | +€49,680 | +21.9% |
| Fixed assets | 21/28 | €26,077 | €22,213 | -€3,865 | -14.8% |
| Tangible fixed assets | 22/27 | €26,077 | €22,213 | -€3,865 | -14.8% |
| Plant, machinery and equipment | 23 | €10,241 | €9,071 | -€1,170 | -11.4% |
| Furniture and vehicles | 24 | €12,487 | €12,721 | +€234 | +1.9% |
| Leasing and similar rights | 25 | €3,349 | €421 | -€2,928 | -87.4% |
| Current assets | 29/58 | €200,381 | €253,926 | +€53,545 | +26.7% |
| Amounts receivable within one year | 40/41 | €11,866 | €3,640 | -€8,226 | -69.3% |
| Trade receivables | 40 | €2,225 | €3,308 | +€1,083 | +48.7% |
| Other amounts receivable | 41 | €9,642 | €332 | -€9,309 | -96.6% |
| Cash at bank and in hand | 54/58 | €186,839 | €247,831 | +€60,992 | +32.6% |
| Deferred charges and accrued income | 490/1 | €1,676 | €2,454 | +€779 | +46.5% |
| Total equity and liabilities | 10/49 | €226,458 | €276,139 | +€49,680 | +21.9% |
| Equity | 10/15 | €166,715 | €251,338 | +€84,623 | +50.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €148,115 | €232,730 | +€84,615 | +57.1% |
| Distributable reserves | 133 | €148,115 | €232,730 | +€84,615 | +57.1% |
| Profit (loss) carried forward | 14 | - | €8 | +€8 | |
| Amounts payable | 17/49 | €59,743 | €24,801 | -€34,942 | -58.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,433 | €23,367 | -€35,066 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €8,027 | €0 | -€8,027 | -100% |
| Trade debts | 44 | €2,575 | €8,684 | +€6,110 | +237% |
| Suppliers | 440/4 | €2,575 | €8,684 | +€6,110 | +237% |
| Taxes, remuneration and social security | 45 | €17,755 | €4,720 | -€13,035 | -73.4% |
| Taxes | 450/3 | €10,200 | €4,720 | -€5,480 | -53.7% |
| Remuneration and social security | 454/9 | €7,555 | €0 | -€7,555 | -100% |
| Other amounts payable | 47/48 | €30,077 | €9,963 | -€20,114 | -66.9% |
| Accrued charges and deferred income | 492/3 | €1,310 | €1,433 | +€123 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,530 | €16,165 | -€10,365 | -39.1% |
| Other operating charges | 640/8 | €1,552 | €1,881 | +€329 | +21.2% |
| Gross operating margin | 9900 | €115,167 | €132,299 | +€17,132 | +14.9% |
| Operating profit (loss) | 9901 | €87,085 | €114,252 | +€27,167 | +31.2% |
| Financial income | 75/76B | €378 | €458 | +€80 | +21.1% |
| Recurring financial income | 75 | €378 | €458 | +€80 | +21.1% |
| Financial charges | 65/66B | €945 | €873 | -€72 | -7.6% |
| Recurring financial charges | 65 | €945 | €873 | -€72 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €86,519 | €113,837 | +€27,319 | +31.6% |
| Income taxes | 67/77 | €17,798 | €29,214 | +€11,416 | +64.1% |
| Profit (loss) for the period | 9904 | €68,720 | €84,623 | +€15,902 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,720 | €84,623 | +€15,902 | +23.1% |
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.