CALAGRO VARKENS: what changed
CALAGRO VARKENS
Largest movements
- Tangible fixed assets -€15,538
down €15,538 (-37.4%), from €41,550 to €26,012
of which Leasing and similar rights: -€11,781
- Receivables within one year -€10,856
down €10,856 (-10.4%), from €104,434 to €93,577
of which Trade receivables: -€16,360
- Cash +€2,077
new in 2025: €2,077
mainly Depreciation (+€15,538) and Receivables within one year (+€10,856)
- Trade debts -€18,630
down €18,630 (-33.1%), from €56,259 to €37,629
- Current portion of long-term debt -€11,428
down €11,428 (-67.9%), from €16,830 to €5,402
- Other debts +€3,933
up €3,933 (+7.2%), from €54,886 to €58,819
- Tax, wage and social debts +€3,263
up €3,263 (+120%), from €2,726 to €5,989
- Gross operating margin +€11,930
up €11,930 (+503%), from €2,370 to €14,301
- Other operating charges -€925
down €925 (-90.2%), from €1,025 to €100
- Financial charges -€559
down €559 (-82.5%), from €678 to €118
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,984 | €121,667 | -€24,317 | -16.7% |
| Fixed assets | 21/28 | €41,550 | €26,012 | -€15,538 | -37.4% |
| Tangible fixed assets | 22/27 | €41,550 | €26,012 | -€15,538 | -37.4% |
| Plant, machinery and equipment | 23 | €6,207 | €2,450 | -€3,757 | -60.5% |
| Leasing and similar rights | 25 | €35,343 | €23,562 | -€11,781 | -33.3% |
| Current assets | 29/58 | €104,434 | €95,655 | -€8,779 | -8.4% |
| Amounts receivable within one year | 40/41 | €104,434 | €93,577 | -€10,856 | -10.4% |
| Trade receivables | 40 | €103,516 | €87,156 | -€16,360 | -15.8% |
| Other amounts receivable | 41 | €917 | €6,421 | +€5,504 | +600% |
| Cash at bank and in hand | 54/58 | - | €2,077 | +€2,077 | |
| Total equity and liabilities | 10/49 | €145,984 | €121,667 | -€24,317 | -16.7% |
| Equity | 10/15 | €15,284 | €13,828 | -€1,456 | -9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,084 | €7,628 | -€1,456 | -16.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €7,084 | €5,628 | -€1,456 | -20.6% |
| Amounts payable | 17/49 | €130,700 | €107,839 | -€22,861 | -17.5% |
| Amounts payable within one year | 42/48 | €130,700 | €107,839 | -€22,861 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €16,830 | €5,402 | -€11,428 | -67.9% |
| Trade debts | 44 | €56,259 | €37,629 | -€18,630 | -33.1% |
| Suppliers | 440/4 | €56,259 | €37,629 | -€18,630 | -33.1% |
| Taxes, remuneration and social security | 45 | €2,726 | €5,989 | +€3,263 | +120% |
| Taxes | 450/3 | €2,726 | €5,989 | +€3,263 | +120% |
| Other amounts payable | 47/48 | €54,886 | €58,819 | +€3,933 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,538 | €15,538 | = | 0.0% |
| Other operating charges | 640/8 | €1,025 | €100 | -€925 | -90.2% |
| Gross operating margin | 9900 | €2,370 | €14,301 | +€11,930 | +503% |
| Operating profit (loss) | 9901 | -€14,193 | -€1,337 | +€12,855 | +90.6% |
| Financial charges | 65/66B | €678 | €118 | -€559 | -82.5% |
| Recurring financial charges | 65 | €678 | €118 | -€559 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,870 | -€1,456 | +€13,414 | +90.2% |
| Profit (loss) for the period | 9904 | -€14,870 | -€1,456 | +€13,414 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,870 | -€1,456 | +€13,414 | +90.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.