Caladan: 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.
Caladan
Largest movements
- Receivables within one year -€148,805
down €148,805 (-71.9%), from €206,908 to €58,103
of which Trade receivables: -€150,024
- Cash +€125,260
up €125,260 (+159.0%), from €78,767 to €204,027
mainly Receivables within one year (+€148,805) and Net result for the year (+€67,903)
- Current investments +€52,998
new in 2025: €52,998
- Profit (loss) carried forward +€67,903
up €67,903 (+31.4%), from €215,957 to €283,860
- Tax, wage and social debts -€41,218
down €41,218 (-55.7%), from €73,993 to €32,775
- Gross operating margin -€194,829
down €194,829 (-68.4%), from €284,889 to €90,061
- Taxes -€47,725
down €47,725 (-72.4%), from €65,939 to €18,214
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 | €295,690 | €323,282 | +€27,592 | +9.3% |
| Formation expenses | 20 | €294 | €0 | -€294 | -100.0% |
| Fixed assets | 21/28 | €9,721 | €8,154 | -€1,567 | -16.1% |
| Tangible fixed assets | 22/27 | €9,721 | €8,154 | -€1,567 | -16.1% |
| Furniture and vehicles | 24 | €9,721 | €8,154 | -€1,567 | -16.1% |
| Current assets | 29/58 | €285,675 | €315,128 | +€29,453 | +10.3% |
| Amounts receivable within one year | 40/41 | €206,908 | €58,103 | -€148,805 | -71.9% |
| Trade receivables | 40 | €206,691 | €56,667 | -€150,024 | -72.6% |
| Other amounts receivable | 41 | €217 | €1,436 | +€1,219 | +562.0% |
| Current investments | 50/53 | - | €52,998 | +€52,998 | |
| Cash at bank and in hand | 54/58 | €78,767 | €204,027 | +€125,260 | +159.0% |
| Total equity and liabilities | 10/49 | €295,690 | €323,282 | +€27,592 | +9.3% |
| Equity | 10/15 | €220,957 | €288,860 | +€67,903 | +30.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,957 | €283,860 | +€67,903 | +31.4% |
| Amounts payable | 17/49 | €74,733 | €34,421 | -€40,311 | -53.9% |
| Amounts payable within one year | 42/48 | €74,733 | €34,421 | -€40,311 | -53.9% |
| Financial debts | 43 | €91 | €1,439 | +€1,347 | +1472.8% |
| Credit institutions | 430/8 | €91 | €1,439 | +€1,347 | +1472.8% |
| Trade debts | 44 | €581 | €187 | -€394 | -67.8% |
| Suppliers | 440/4 | €581 | €187 | -€394 | -67.8% |
| Taxes, remuneration and social security | 45 | €73,993 | €32,775 | -€41,218 | -55.7% |
| Taxes | 450/3 | €73,993 | €32,775 | -€41,218 | -55.7% |
| Other amounts payable | 47/48 | €67 | €21 | -€47 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €3,704 | +€1,175 | +46.5% |
| Other operating charges | 640/8 | €190 | €0 | -€190 | -100.0% |
| Gross operating margin | 9900 | €284,889 | €90,061 | -€194,829 | -68.4% |
| Operating profit (loss) | 9901 | €282,170 | €86,356 | -€195,814 | -69.4% |
| Financial income | 75/76B | €49 | €18 | -€31 | -62.9% |
| Recurring financial income | 75 | €49 | €18 | -€31 | -62.9% |
| Financial charges | 65/66B | €322 | €257 | -€65 | -20.1% |
| Recurring financial charges | 65 | €322 | €257 | -€65 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €281,897 | €86,117 | -€195,780 | -69.5% |
| Income taxes | 67/77 | €65,939 | €18,214 | -€47,725 | -72.4% |
| Profit (loss) for the period | 9904 | €215,957 | €67,903 | -€148,054 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €215,957 | €67,903 | -€148,054 | -68.6% |
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 8 October 2026 via checked.be.