Kaly Ora: 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.
Kaly Ora
Largest movements
- Stocks and contracts -€23,882
down €23,882 (-40.7%), from €58,669 to €34,787
- Receivables within one year +€6,631
up €6,631 (+32.7%), from €20,267 to €26,898
of which Trade receivables: +€6,414
- Financial fixed assets +€1,773
new in 2025: €1,773
- Profit (loss) carried forward -€13,462
down €13,462 (-182%), from -€7,415 to -€20,878
- Other debts -€9,730
down €9,730 (-87.8%), from €11,081 to €1,351
- Trade debts +€7,890
up €7,890 (+439%), from €1,798 to €9,688
- Debts after one year -€2,000
down €2,000 (-3.1%), from €65,000 to €63,000
- Tax, wage and social debts +€1,539
up €1,539 (+87.6%), from €1,757 to €3,296
of which Remuneration and social security: +€2,256
- Staff costs +€23,461
new in 2025: €23,461
- Gross operating margin -€12,093
down €12,093 (-50.7%), from €23,838 to €11,745
- Financial income -€962
down €962 (-49.4%), from €1,946 to €984
- Financial charges -€917
down €917 (-45.2%), from €2,028 to €1,111
- Taxes -€542
no longer reported in 2025 (was €542)
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 | €97,221 | €81,743 | -€15,477 | -15.9% |
| Fixed assets | 21/28 | €950 | €2,655 | +€1,705 | +180% |
| Tangible fixed assets | 22/27 | €950 | €882 | -€68 | -7.1% |
| Furniture and vehicles | 24 | €950 | €882 | -€68 | -7.1% |
| Financial fixed assets | 28 | - | €1,773 | +€1,773 | |
| Current assets | 29/58 | €96,271 | €79,088 | -€17,183 | -17.8% |
| Stocks and contracts in progress | 3 | €58,669 | €34,787 | -€23,882 | -40.7% |
| Stocks | 30/36 | €58,669 | €34,787 | -€23,882 | -40.7% |
| Amounts receivable within one year | 40/41 | €20,267 | €26,898 | +€6,631 | +32.7% |
| Trade receivables | 40 | €20,267 | €26,681 | +€6,414 | +31.6% |
| Other amounts receivable | 41 | - | €217 | +€217 | |
| Cash at bank and in hand | 54/58 | €17,335 | €17,311 | -€24 | -0.1% |
| Deferred charges and accrued income | 490/1 | - | €92 | +€92 | |
| Total equity and liabilities | 10/49 | €97,221 | €81,743 | -€15,477 | -15.9% |
| Equity | 10/15 | €17,585 | €4,122 | -€13,462 | -76.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,415 | -€20,878 | -€13,462 | -182% |
| Amounts payable | 17/49 | €79,636 | €77,621 | -€2,015 | -2.5% |
| Amounts payable after more than one year | 17 | €65,000 | €63,000 | -€2,000 | -3.1% |
| Other amounts payable | 178/9 | €65,000 | €63,000 | -€2,000 | -3.1% |
| Amounts payable within one year | 42/48 | €14,636 | €14,336 | -€300 | -2.1% |
| Trade debts | 44 | €1,798 | €9,688 | +€7,890 | +439% |
| Suppliers | 440/4 | €1,798 | €9,688 | +€7,890 | +439% |
| Taxes, remuneration and social security | 45 | €1,757 | €3,296 | +€1,539 | +87.6% |
| Taxes | 450/3 | €717 | - | -€717 | |
| Remuneration and social security | 454/9 | €1,040 | €3,296 | +€2,256 | +217% |
| Other amounts payable | 47/48 | €11,081 | €1,351 | -€9,730 | -87.8% |
| Accrued charges and deferred income | 492/3 | - | €285 | +€285 | |
| Remuneration, social security and pensions | 62 | - | €23,461 | +€23,461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €536 | €571 | +€35 | +6.6% |
| Other operating charges | 640/8 | €908 | €1,049 | +€141 | +15.5% |
| Gross operating margin | 9900 | €23,838 | €11,745 | -€12,093 | -50.7% |
| Operating profit (loss) | 9901 | €22,394 | -€13,335 | -€35,730 | |
| Financial income | 75/76B | €1,946 | €984 | -€962 | -49.4% |
| Recurring financial income | 75 | €1,946 | €984 | -€962 | -49.4% |
| Financial charges | 65/66B | €2,028 | €1,111 | -€917 | -45.2% |
| Recurring financial charges | 65 | €2,028 | €1,111 | -€917 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €22,312 | -€13,462 | -€35,774 | |
| Income taxes | 67/77 | €542 | - | -€542 | |
| Profit (loss) for the period | 9904 | €21,770 | -€13,462 | -€35,232 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,770 | -€13,462 | -€35,232 |
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 17 October 2026 via checked.be.