Kalutech: what changed
Two fiscal 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.
Kalutech
Largest movements
- Tangible fixed assets -€35,369
down €35,369 (-6.5%), from €546,327 to €510,958
of which Land and buildings: -€21,290
- Stocks and contracts -€22,218
down €22,218 (-52.7%), from €42,160 to €19,942
- Cash -€14,897
down €14,897 (-58.5%), from €25,480 to €10,583
mainly Advances received (-€28,159) and Debts after one year (-€25,558)
- Advances received -€28,159
down €28,159 (-47.8%), from €58,884 to €30,725
- Debts after one year -€25,558
down €25,558 (-6.0%), from €427,096 to €401,538
- Profit (loss) carried forward -€12,254
down €12,254 (-17.9%), from €68,427 to €56,173
- Other debts -€10,643
down €10,643 (-59.1%), from €18,000 to €7,357
- Trade debts +€9,277
up €9,277 (+295.2%), from €3,143 to €12,420
- Gross operating margin +€20,300
up €20,300 (+81.5%), from €24,898 to €45,198
- Depreciation +€20,142
up €20,142 (+114.1%), from €17,657 to €37,799
- Financial charges +€14,682
up €14,682 (+6092.1%), from €241 to €14,923
- Other operating charges +€2,335
up €2,335 (+97.5%), from €2,395 to €4,730
- Taxes -€726
no longer reported in 2025 (was €726)
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.
Cash bridge derived
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 | €619,677 | €545,656 | -€74,021 | -11.9% |
| Fixed assets | 21/28 | €547,844 | €512,175 | -€35,669 | -6.5% |
| Intangible fixed assets | 21 | €1,154 | €854 | -€300 | -26.0% |
| Tangible fixed assets | 22/27 | €546,327 | €510,958 | -€35,369 | -6.5% |
| Land and buildings | 22 | €514,061 | €492,771 | -€21,290 | -4.1% |
| Plant, machinery and equipment | 23 | €4,152 | €1,745 | -€2,407 | -58.0% |
| Furniture and vehicles | 24 | €17,592 | €14,512 | -€3,080 | -17.5% |
| Leasing and similar rights | 25 | €10,522 | €1,930 | -€8,592 | -81.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €71,833 | €33,481 | -€38,352 | -53.4% |
| Stocks and contracts in progress | 3 | €42,160 | €19,942 | -€22,218 | -52.7% |
| Stocks | 30/36 | €42,160 | €19,942 | -€22,218 | -52.7% |
| Amounts receivable within one year | 40/41 | €4,106 | €2,000 | -€2,106 | -51.3% |
| Trade receivables | 40 | €4,106 | €2,000 | -€2,106 | -51.3% |
| Cash at bank and in hand | 54/58 | €25,480 | €10,583 | -€14,897 | -58.5% |
| Deferred charges and accrued income | 490/1 | €87 | €956 | +€869 | +998.9% |
| Total equity and liabilities | 10/49 | €619,677 | €545,656 | -€74,021 | -11.9% |
| Equity | 10/15 | €78,427 | €66,173 | -€12,254 | -15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,427 | €56,173 | -€12,254 | -17.9% |
| Amounts payable | 17/49 | €541,250 | €479,483 | -€61,767 | -11.4% |
| Amounts payable after more than one year | 17 | €427,096 | €401,538 | -€25,558 | -6.0% |
| Financial debts | 170/4 | €427,096 | €401,538 | -€25,558 | -6.0% |
| Amounts payable within one year | 42/48 | €114,154 | €77,945 | -€36,209 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €29,528 | €25,562 | -€3,966 | -13.4% |
| Trade debts | 44 | €3,143 | €12,420 | +€9,277 | +295.2% |
| Suppliers | 440/4 | €3,143 | €12,420 | +€9,277 | +295.2% |
| Advances received on contracts in progress | 46 | €58,884 | €30,725 | -€28,159 | -47.8% |
| Taxes, remuneration and social security | 45 | €4,599 | €1,881 | -€2,718 | -59.1% |
| Taxes | 450/3 | €4,416 | €1,697 | -€2,719 | -61.6% |
| Remuneration and social security | 454/9 | €183 | €184 | +€1 | +0.5% |
| Other amounts payable | 47/48 | €18,000 | €7,357 | -€10,643 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,657 | €37,799 | +€20,142 | +114.1% |
| Other operating charges | 640/8 | €2,395 | €4,730 | +€2,335 | +97.5% |
| Gross operating margin | 9900 | €24,898 | €45,198 | +€20,300 | +81.5% |
| Operating profit (loss) | 9901 | €4,846 | €2,669 | -€2,177 | -44.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €241 | €14,923 | +€14,682 | +6092.1% |
| Recurring financial charges | 65 | €241 | €14,923 | +€14,682 | +6092.1% |
| Profit (loss) for the period before taxes | 9903 | €4,606 | -€12,254 | -€16,860 | |
| Income taxes | 67/77 | €726 | - | -€726 | |
| Profit (loss) for the period | 9904 | €3,880 | -€12,254 | -€16,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,880 | -€12,254 | -€16,134 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.