Kalyteros: 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.
Kalyteros
Largest movements
- Stocks and contracts -€718,096
down €718,096 (-42.2%), from €1.7m to €985,516
- Receivables within one year +€165,396
up €165,396 (+198%), from €83,356 to €248,752
of which Other amounts receivable: +€152,688
- Cash +€130,983
up €130,983 (+209%), from €62,593 to €193,576
mainly Stocks and contracts (+€718,096) and Current portion of long-term debt (+€330,334)
- Current investments -€54,000
down €54,000 (-81.8%), from €66,000 to €12,000
- Debts after one year -€846,677
down €846,677 (-54.5%), from €1.6m to €708,098
of which Financial debts: -€846,677
- Current portion of long-term debt +€330,334
up €330,334 (+2,252%), from €14,667 to €345,001
- Other debts +€29,740
up €29,740 (+16.7%), from €177,752 to €207,492
- Gross operating margin -€37,571
down €37,571 (-39.6%), from €94,774 to €57,203
- Financial charges -€29,543
down €29,543 (-48.2%), from €61,241 to €31,698
- Financial income +€13,570
up €13,570 (+478%), from €2,838 to €16,408
- Taxes +€1,382
up €1,382 (+30.6%), from €4,522 to €5,904
- Depreciation -€958
down €958 (-5.5%), from €17,303 to €16,345
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 | €2,207,051 | €1,721,580 | -€485,472 | -22.0% |
| Fixed assets | 21/28 | €289,647 | €280,247 | -€9,400 | -3.2% |
| Tangible fixed assets | 22/27 | €289,647 | €280,247 | -€9,400 | -3.2% |
| Land and buildings | 22 | €289,187 | €276,286 | -€12,901 | -4.5% |
| Furniture and vehicles | 24 | €460 | €3,962 | +€3,501 | +761% |
| Current assets | 29/58 | €1,917,404 | €1,441,332 | -€476,072 | -24.8% |
| Stocks and contracts in progress | 3 | €1,703,613 | €985,516 | -€718,096 | -42.2% |
| Stocks | 30/36 | €1,703,613 | €985,516 | -€718,096 | -42.2% |
| Amounts receivable within one year | 40/41 | €83,356 | €248,752 | +€165,396 | +198% |
| Trade receivables | 40 | €81,019 | €93,727 | +€12,707 | +15.7% |
| Other amounts receivable | 41 | €2,337 | €155,025 | +€152,688 | +6,534% |
| Current investments | 50/53 | €66,000 | €12,000 | -€54,000 | -81.8% |
| Cash at bank and in hand | 54/58 | €62,593 | €193,576 | +€130,983 | +209% |
| Deferred charges and accrued income | 490/1 | €1,842 | €1,488 | -€354 | -19.2% |
| Total equity and liabilities | 10/49 | €2,207,051 | €1,721,580 | -€485,472 | -22.0% |
| Equity | 10/15 | €159,638 | €176,663 | +€17,025 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €682 | €682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,356 | €157,381 | +€17,025 | +12.1% |
| Amounts payable | 17/49 | €2,047,413 | €1,544,917 | -€502,497 | -24.5% |
| Amounts payable after more than one year | 17 | €1,554,775 | €708,098 | -€846,677 | -54.5% |
| Financial debts | 170/4 | €1,534,375 | €687,698 | -€846,677 | -55.2% |
| Other amounts payable | 178/9 | €20,400 | €20,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €480,952 | €836,819 | +€355,867 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €345,001 | +€330,334 | +2,252% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €161,891 | €142,828 | -€19,063 | -11.8% |
| Suppliers | 440/4 | €161,891 | €142,828 | -€19,063 | -11.8% |
| Advances received on contracts in progress | 46 | €120,000 | €120,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,642 | €21,499 | +€14,856 | +224% |
| Taxes | 450/3 | €6,642 | €21,499 | +€14,856 | +224% |
| Other amounts payable | 47/48 | €177,752 | €207,492 | +€29,740 | +16.7% |
| Accrued charges and deferred income | 492/3 | €11,686 | €0 | -€11,686 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,303 | €16,345 | -€958 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,942 | €2,639 | +€697 | +35.9% |
| Gross operating margin | 9900 | €94,774 | €57,203 | -€37,571 | -39.6% |
| Operating profit (loss) | 9901 | €75,529 | €38,219 | -€37,310 | -49.4% |
| Financial income | 75/76B | €2,838 | €16,408 | +€13,570 | +478% |
| Recurring financial income | 75 | €2,838 | €16,408 | +€13,570 | +478% |
| Financial charges | 65/66B | €61,241 | €31,698 | -€29,543 | -48.2% |
| Recurring financial charges | 65 | €61,241 | €31,698 | -€29,543 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €17,126 | €22,929 | +€5,803 | +33.9% |
| Income taxes | 67/77 | €4,522 | €5,904 | +€1,382 | +30.6% |
| Profit (loss) for the period | 9904 | €12,604 | €17,025 | +€4,421 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,604 | €17,025 | +€4,421 | +35.1% |
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 19 October 2026 via checked.be.