CALAJO: 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.
CALAJO
Largest movements
- Tangible fixed assets +€50,042
up €50,042 (+273%), from €18,316 to €68,358
of which Furniture and vehicles: +€51,154
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€21,030
down €21,030 (-57.2%), from €36,760 to €15,730
- Debts after one year +€44,979
up €44,979 (+81.8%), from €55,000 to €99,979
of which Financial debts: +€37,979
- Reserves +€39,244
up €39,244 (+34.1%), from €114,991 to €154,235
- Tax, wage and social debts -€11,462
down €11,462 (-17.2%), from €66,718 to €55,257
of which Taxes: -€11,942
- Current portion of long-term debt +€10,095
new in 2025: €10,095
- Gross operating margin -€18,490
down €18,490 (-19.9%), from €92,868 to €74,379
- Taxes -€7,606
down €7,606 (-30.9%), from €24,597 to €16,991
- Depreciation +€6,400
up €6,400 (+182%), from €3,526 to €9,927
- Financial charges +€930
up €930 (+20.9%), from €4,441 to €5,371
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 | €256,522 | €335,772 | +€79,250 | +30.9% |
| Formation expenses | 20 | €1,643 | €986 | -€657 | -40.0% |
| Fixed assets | 21/28 | €18,316 | €68,358 | +€50,042 | +273% |
| Tangible fixed assets | 22/27 | €18,316 | €68,358 | +€50,042 | +273% |
| Plant, machinery and equipment | 23 | €7,130 | €6,018 | -€1,112 | -15.6% |
| Furniture and vehicles | 24 | €11,186 | €62,340 | +€51,154 | +457% |
| Current assets | 29/58 | €236,563 | €266,428 | +€29,865 | +12.6% |
| Amounts receivable within one year | 40/41 | €36,760 | €15,730 | -€21,030 | -57.2% |
| Trade receivables | 40 | €36,760 | €15,730 | -€21,030 | -57.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €198,625 | €200,698 | +€2,073 | +1.0% |
| Deferred charges and accrued income | 490/1 | €1,178 | - | -€1,178 | |
| Total equity and liabilities | 10/49 | €256,522 | €335,772 | +€79,250 | +30.9% |
| Equity | 10/15 | €119,991 | €159,235 | +€39,244 | +32.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,991 | €154,235 | +€39,244 | +34.1% |
| Distributable reserves | 133 | €114,991 | €154,235 | +€39,244 | +34.1% |
| Amounts payable | 17/49 | €136,530 | €176,536 | +€40,006 | +29.3% |
| Amounts payable after more than one year | 17 | €55,000 | €99,979 | +€44,979 | +81.8% |
| Financial debts | 170/4 | - | €37,979 | +€37,979 | |
| Other amounts payable | 178/9 | €55,000 | €62,000 | +€7,000 | +12.7% |
| Amounts payable within one year | 42/48 | €72,420 | €67,407 | -€5,013 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,095 | +€10,095 | |
| Trade debts | 44 | €376 | €10 | -€366 | -97.4% |
| Suppliers | 440/4 | €376 | €10 | -€366 | -97.4% |
| Taxes, remuneration and social security | 45 | €66,718 | €55,257 | -€11,462 | -17.2% |
| Taxes | 450/3 | €64,293 | €52,352 | -€11,942 | -18.6% |
| Remuneration and social security | 454/9 | €2,425 | €2,905 | +€480 | +19.8% |
| Other amounts payable | 47/48 | €5,325 | €2,045 | -€3,281 | -61.6% |
| Accrued charges and deferred income | 492/3 | €9,111 | €9,151 | +€40 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,526 | €9,927 | +€6,400 | +182% |
| Other operating charges | 640/8 | €1,364 | €1,180 | -€185 | -13.5% |
| Gross operating margin | 9900 | €92,868 | €74,379 | -€18,490 | -19.9% |
| Operating profit (loss) | 9901 | €87,978 | €63,272 | -€24,705 | -28.1% |
| Financial charges | 65/66B | €4,441 | €5,371 | +€930 | +20.9% |
| Recurring financial charges | 65 | €4,441 | €5,371 | +€930 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €83,537 | €57,901 | -€25,635 | -30.7% |
| Income taxes | 67/77 | €24,597 | €16,991 | -€7,606 | -30.9% |
| Profit (loss) for the period | 9904 | €58,940 | €40,910 | -€18,030 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,940 | €40,910 | -€18,030 | -30.6% |
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 18 October 2026 via checked.be.