KALUT VALERY: 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.
KALUT VALERY
Largest movements
- Tangible fixed assets -€98,531
down €98,531 (-18.2%), from €540,981 to €442,450
of which Land and buildings: -€71,975
- Receivables within one year +€14,226
up €14,226 (+81.8%), from €17,395 to €31,621
of which Trade receivables: +€17,697
- Cash +€13,296
up €13,296 (+43.9%), from €30,319 to €43,615
mainly Depreciation (+€99,989) and Net result for the year (+€70,771)
- Debts after one year -€99,107
down €99,107 (-37.5%), from €264,357 to €165,250
- Profit (loss) carried forward +€70,771
up €70,771 (+126%), from €56,113 to €126,884
- Current portion of long-term debt -€27,402
down €27,402 (-21.7%), from €126,509 to €99,107
- Tax, wage and social debts -€14,809
down €14,809 (-41.8%), from €35,417 to €20,608
of which Taxes: -€11,619
- Gross operating margin +€99,103
up €99,103 (+102%), from €97,057 to €196,160
- Staff costs -€6,463
down €6,463 (-67.6%), from €9,567 to €3,104
- Other operating charges -€4,129
down €4,129 (-24.3%), from €16,971 to €12,842
- Depreciation -€3,505
down €3,505 (-3.4%), from €103,494 to €99,989
- Financial charges -€2,570
down €2,570 (-22.1%), from €11,622 to €9,052
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 | €592,161 | €521,339 | -€70,822 | -12.0% |
| Fixed assets | 21/28 | €540,981 | €442,450 | -€98,531 | -18.2% |
| Tangible fixed assets | 22/27 | €540,981 | €442,450 | -€98,531 | -18.2% |
| Land and buildings | 22 | €496,941 | €424,966 | -€71,975 | -14.5% |
| Plant, machinery and equipment | 23 | €13,129 | €9,114 | -€4,015 | -30.6% |
| Furniture and vehicles | 24 | €30,911 | €8,370 | -€22,541 | -72.9% |
| Current assets | 29/58 | €51,180 | €78,889 | +€27,709 | +54.1% |
| Amounts receivable within one year | 40/41 | €17,395 | €31,621 | +€14,226 | +81.8% |
| Trade receivables | 40 | €13,924 | €31,621 | +€17,697 | +127% |
| Other amounts receivable | 41 | €3,471 | - | -€3,471 | |
| Cash at bank and in hand | 54/58 | €30,319 | €43,615 | +€13,296 | +43.9% |
| Deferred charges and accrued income | 490/1 | €3,466 | €3,653 | +€187 | +5.4% |
| Total equity and liabilities | 10/49 | €592,161 | €521,339 | -€70,822 | -12.0% |
| Equity | 10/15 | €159,282 | €230,053 | +€70,771 | +44.4% |
| Contributions | 10/11 | €93,790 | €93,790 | = | 0.0% |
| Capital | 10 | €93,790 | €93,790 | = | 0.0% |
| Issued capital | 100 | €93,790 | €93,790 | = | 0.0% |
| Reserves | 13 | €9,379 | €9,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,379 | €9,379 | = | 0.0% |
| Legal reserve | 130 | €9,379 | €9,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,113 | €126,884 | +€70,771 | +126% |
| Amounts payable | 17/49 | €432,879 | €291,286 | -€141,593 | -32.7% |
| Amounts payable after more than one year | 17 | €264,357 | €165,250 | -€99,107 | -37.5% |
| Financial debts | 170/4 | €264,357 | €165,250 | -€99,107 | -37.5% |
| Amounts payable within one year | 42/48 | €164,787 | €122,301 | -€42,486 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €126,509 | €99,107 | -€27,402 | -21.7% |
| Trade debts | 44 | €2,402 | €2,586 | +€184 | +7.7% |
| Suppliers | 440/4 | €2,402 | €2,586 | +€184 | +7.7% |
| Taxes, remuneration and social security | 45 | €35,417 | €20,608 | -€14,809 | -41.8% |
| Taxes | 450/3 | €32,227 | €20,608 | -€11,619 | -36.1% |
| Remuneration and social security | 454/9 | €3,190 | - | -€3,190 | |
| Other amounts payable | 47/48 | €459 | - | -€459 | |
| Accrued charges and deferred income | 492/3 | €3,735 | €3,735 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €9,567 | €3,104 | -€6,463 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,494 | €99,989 | -€3,505 | -3.4% |
| Other operating charges | 640/8 | €16,971 | €12,842 | -€4,129 | -24.3% |
| Gross operating margin | 9900 | €97,057 | €196,160 | +€99,103 | +102% |
| Operating profit (loss) | 9901 | -€32,975 | €80,225 | +€113,200 | |
| Financial income | 75/76B | - | €113 | +€113 | |
| Recurring financial income | 75 | - | €113 | +€113 | |
| Financial charges | 65/66B | €11,622 | €9,052 | -€2,570 | -22.1% |
| Recurring financial charges | 65 | €11,622 | €9,052 | -€2,570 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€44,597 | €71,286 | +€115,883 | |
| Income taxes | 67/77 | €716 | €515 | -€201 | -28.1% |
| Profit (loss) for the period | 9904 | -€45,313 | €70,771 | +€116,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,313 | €70,771 | +€116,084 |
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 28 October 2026 via checked.be.