KALYNN: 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.
KALYNN
Largest movements
- Stocks and contracts +€21.1m
up €21.1m (+367%), from €5.8m to €26.8m
- Short-term financial debts +€18.5m
up €18.5m (+869%), from €2.1m to €20.6m
- Other debts +€2.3m
up €2.3m (+89.1%), from €2.6m to €5.0m
- Reserves +€537,400
up €537,400 (+91.1%), from €590,000 to €1.1m
- Financial charges +€115,933
up €115,933 (+92.4%), from €125,411 to €241,343
- Gross operating margin +€44,416
up €44,416 (+4.8%), from €915,939 to €960,356
- Taxes -€18,414
down €18,414 (-9.3%), from €199,011 to €180,598
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 | €5,842,054 | €27,145,453 | +€21.3m | +365% |
| Current assets | 29/58 | €5,842,054 | €27,145,453 | +€21.3m | +365% |
| Stocks and contracts in progress | 3 | €5,750,996 | €26,832,767 | +€21.1m | +367% |
| Stocks | 30/36 | €5,750,996 | €26,832,767 | +€21.1m | +367% |
| Amounts receivable within one year | 40/41 | €151 | €20,452 | +€20,300 | +13,422% |
| Trade receivables | 40 | €151 | €1,049 | +€898 | +594% |
| Other amounts receivable | 41 | - | €19,402 | +€19,402 | |
| Cash at bank and in hand | 54/58 | €17,219 | €163,298 | +€146,079 | +848% |
| Deferred charges and accrued income | 490/1 | €73,688 | €128,936 | +€55,249 | +75.0% |
| Total equity and liabilities | 10/49 | €5,842,054 | €27,145,453 | +€21.3m | +365% |
| Equity | 10/15 | €610,453 | €1,147,438 | +€536,984 | +88.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €590,000 | €1,127,400 | +€537,400 | +91.1% |
| Distributable reserves | 133 | €590,000 | €1,127,400 | +€537,400 | +91.1% |
| Profit (loss) carried forward | 14 | €453 | €38 | -€416 | -91.7% |
| Amounts payable | 17/49 | €5,231,601 | €25,998,016 | +€20.8m | +397% |
| Amounts payable after more than one year | 17 | €450,000 | €205,000 | -€245,000 | -54.4% |
| Other amounts payable | 178/9 | €450,000 | €205,000 | -€245,000 | -54.4% |
| Amounts payable within one year | 42/48 | €4,778,967 | €25,595,093 | +€20.8m | +436% |
| Financial debts | 43 | €2,126,309 | €20,597,000 | +€18.5m | +869% |
| Credit institutions | 430/8 | €2,126,309 | €20,597,000 | +€18.5m | +869% |
| Trade debts | 44 | €3,197 | €10,523 | +€7,327 | +229% |
| Suppliers | 440/4 | €3,197 | €10,523 | +€7,327 | +229% |
| Taxes, remuneration and social security | 45 | €24,011 | €24,011 | = | 0.0% |
| Taxes | 450/3 | €24,011 | €24,011 | = | 0.0% |
| Other amounts payable | 47/48 | €2,625,450 | €4,963,558 | +€2.3m | +89.1% |
| Accrued charges and deferred income | 492/3 | €2,633 | €197,923 | +€195,290 | +7,416% |
| Other operating charges | 640/8 | €1,213 | €1,430 | +€218 | +18.0% |
| Gross operating margin | 9900 | €915,939 | €960,356 | +€44,416 | +4.8% |
| Operating profit (loss) | 9901 | €914,727 | €958,925 | +€44,199 | +4.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €125,411 | €241,343 | +€115,933 | +92.4% |
| Recurring financial charges | 65 | €125,411 | €241,343 | +€115,933 | +92.4% |
| Profit (loss) for the period before taxes | 9903 | €789,316 | €717,582 | -€71,734 | -9.1% |
| Income taxes | 67/77 | €199,011 | €180,598 | -€18,414 | -9.3% |
| Profit (loss) for the period | 9904 | €590,305 | €536,984 | -€53,320 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €590,305 | €536,984 | -€53,320 | -9.0% |
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 13 October 2026 via checked.be.