KINE DE CALUWE: 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.
KINE DE CALUWE
Largest movements
- Cash +€6,976
up €6,976 (+6.4%), from €109,845 to €116,821
mainly Trade debts (+€14,565) and Other debts (+€13,526)
- Receivables within one year +€6,330
up €6,330 (+669%), from €946 to €7,276
of which Trade receivables: +€4,575
- Tangible fixed assets -€4,431
down €4,431 (-16.0%), from €27,606 to €23,175
of which Land and buildings: -€4,077
- Deferred charges and accrued income -€4,221
down €4,221 (-28.7%), from €14,686 to €10,465
- Reserves -€24,713
down €24,713 (-24.6%), from €100,409 to €75,696
of which Distributable reserves: -€24,713
- Trade debts +€14,565
up €14,565 (+1,215%), from €1,198 to €15,763
- Other debts +€13,526
up €13,526 (+45.7%), from €29,584 to €43,110
- Gross operating margin -€11,542
down €11,542 (-34.6%), from €33,323 to €21,781
- Taxes -€3,384
down €3,384 (-46.5%), from €7,271 to €3,887
- Depreciation -€820
down €820 (-9.1%), from €9,001 to €8,181
- Financial charges -€551
down €551 (-24.6%), from €2,242 to €1,691
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 | €153,133 | €157,786 | +€4,654 | +3.0% |
| Fixed assets | 21/28 | €27,656 | €23,225 | -€4,431 | -16.0% |
| Tangible fixed assets | 22/27 | €27,606 | €23,175 | -€4,431 | -16.0% |
| Land and buildings | 22 | €18,660 | €14,583 | -€4,077 | -21.8% |
| Plant, machinery and equipment | 23 | €7,167 | €7,157 | -€10 | -0.1% |
| Furniture and vehicles | 24 | €1,779 | €1,435 | -€344 | -19.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €125,477 | €134,561 | +€9,084 | +7.2% |
| Amounts receivable within one year | 40/41 | €946 | €7,276 | +€6,330 | +669% |
| Trade receivables | 40 | €946 | €5,521 | +€4,575 | +484% |
| Other amounts receivable | 41 | €0 | €1,755 | +€1,755 | |
| Cash at bank and in hand | 54/58 | €109,845 | €116,821 | +€6,976 | +6.4% |
| Deferred charges and accrued income | 490/1 | €14,686 | €10,465 | -€4,221 | -28.7% |
| Total equity and liabilities | 10/49 | €153,133 | €157,786 | +€4,654 | +3.0% |
| Equity | 10/15 | €119,409 | €94,696 | -€24,713 | -20.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €100,409 | €75,696 | -€24,713 | -24.6% |
| Non-distributable reserves | 130/1 | €2,589 | €2,589 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,589 | €2,589 | = | 0.0% |
| Distributable reserves | 133 | €97,820 | €73,107 | -€24,713 | -25.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,724 | €63,090 | +€29,366 | +87.1% |
| Amounts payable within one year | 42/48 | €33,724 | €63,090 | +€29,366 | +87.1% |
| Trade debts | 44 | €1,198 | €15,763 | +€14,565 | +1,215% |
| Suppliers | 440/4 | €1,198 | €15,763 | +€14,565 | +1,215% |
| Taxes, remuneration and social security | 45 | €2,941 | €4,217 | +€1,276 | +43.4% |
| Taxes | 450/3 | €2,941 | €1,967 | -€974 | -33.1% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €29,584 | €43,110 | +€13,526 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,001 | €8,181 | -€820 | -9.1% |
| Other operating charges | 640/8 | €2,587 | €2,679 | +€92 | +3.6% |
| Gross operating margin | 9900 | €33,323 | €21,781 | -€11,542 | -34.6% |
| Operating profit (loss) | 9901 | €21,736 | €10,922 | -€10,814 | -49.8% |
| Financial income | 75/76B | €375 | €272 | -€104 | -27.6% |
| Recurring financial income | 75 | €375 | €272 | -€104 | -27.6% |
| Financial charges | 65/66B | €2,242 | €1,691 | -€551 | -24.6% |
| Recurring financial charges | 65 | €2,242 | €1,691 | -€551 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €19,869 | €9,502 | -€10,367 | -52.2% |
| Income taxes | 67/77 | €7,271 | €3,887 | -€3,384 | -46.5% |
| Profit (loss) for the period | 9904 | €12,598 | €5,615 | -€6,983 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,598 | €5,615 | -€6,983 | -55.4% |
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 30 October 2026 via checked.be.