CALANDRES: 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.
CALANDRES
Largest movements
- Stocks and contracts -€33,219
down €33,219 (-23.7%), from €140,332 to €107,113
- Tangible fixed assets +€26,542
up €26,542 (+138%), from €19,267 to €45,810
of which Furniture and vehicles: +€30,762
- Cash -€25,848
down €25,848 (-100%), from €25,848 to €0
mainly Investment in fixed assets (net) (-€32,189) and Trade debts (-€21,362)
- Trade debts -€21,362
down €21,362 (-60.3%), from €35,430 to €14,067
- Tax, wage and social debts -€17,633
down €17,633 (-70.0%), from €25,178 to €7,545
of which Taxes: -€17,964
- Profit (loss) carried forward -€10,560
down €10,560 (-38.6%), from €27,356 to €16,796
- Short-term financial debts +€8,877
up €8,877, from €0 to €8,877
- Current portion of long-term debt +€8,678
new in 2025: €8,678
- Gross operating margin -€35,365
down €35,365 (-73.1%), from €48,398 to €13,033
- Write-downs -€20,698
down €20,698, from €20,262 to -€436
- Staff costs +€5,053
up €5,053 (+50.2%), from €10,061 to €15,114
- Depreciation +€4,559
up €4,559 (+419%), from €1,088 to €5,647
- Taxes -€2,642
down €2,642 (-79.1%), from €3,339 to €696
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 | €191,047 | €159,892 | -€31,155 | -16.3% |
| Fixed assets | 21/28 | €19,708 | €46,250 | +€26,542 | +135% |
| Tangible fixed assets | 22/27 | €19,267 | €45,810 | +€26,542 | +138% |
| Plant, machinery and equipment | 23 | €16,060 | €12,341 | -€3,719 | -23.2% |
| Furniture and vehicles | 24 | €1,791 | €32,553 | +€30,762 | +1,717% |
| Other tangible fixed assets | 26 | €1,416 | €916 | -€500 | -35.3% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €171,339 | €113,642 | -€57,697 | -33.7% |
| Stocks and contracts in progress | 3 | €140,332 | €107,113 | -€33,219 | -23.7% |
| Stocks | 30/36 | €140,332 | €107,113 | -€33,219 | -23.7% |
| Amounts receivable within one year | 40/41 | €3,878 | €4,842 | +€964 | +24.9% |
| Trade receivables | 40 | €3,860 | €4,842 | +€983 | +25.5% |
| Other amounts receivable | 41 | €19 | €0 | -€19 | -100% |
| Cash at bank and in hand | 54/58 | €25,848 | €0 | -€25,848 | -100% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,687 | +€405 | +31.6% |
| Total equity and liabilities | 10/49 | €191,047 | €159,892 | -€31,155 | -16.3% |
| Equity | 10/15 | €47,807 | €37,247 | -€10,560 | -22.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,356 | €16,796 | -€10,560 | -38.6% |
| Amounts payable | 17/49 | €143,240 | €122,645 | -€20,595 | -14.4% |
| Amounts payable after more than one year | 17 | €82,632 | €83,478 | +€846 | +1.0% |
| Financial debts | 170/4 | - | €17,614 | +€17,614 | |
| Other amounts payable | 178/9 | €82,632 | €65,864 | -€16,769 | -20.3% |
| Amounts payable within one year | 42/48 | €60,608 | €39,167 | -€21,441 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,678 | +€8,678 | |
| Financial debts | 43 | €0 | €8,877 | +€8,877 | |
| Credit institutions | 430/8 | €0 | €8,877 | +€8,877 | |
| Trade debts | 44 | €35,430 | €14,067 | -€21,362 | -60.3% |
| Suppliers | 440/4 | €35,430 | €14,067 | -€21,362 | -60.3% |
| Taxes, remuneration and social security | 45 | €25,178 | €7,545 | -€17,633 | -70.0% |
| Taxes | 450/3 | €24,693 | €6,729 | -€17,964 | -72.8% |
| Remuneration and social security | 454/9 | €485 | €816 | +€331 | +68.3% |
| Remuneration, social security and pensions | 62 | €10,061 | €15,114 | +€5,053 | +50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,088 | €5,647 | +€4,559 | +419% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,262 | -€436 | -€20,698 | |
| Other operating charges | 640/8 | €1,602 | €1,727 | +€126 | +7.8% |
| Gross operating margin | 9900 | €48,398 | €13,033 | -€35,365 | -73.1% |
| Operating profit (loss) | 9901 | €15,386 | -€9,019 | -€24,404 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,206 | €845 | -€1,360 | -61.7% |
| Recurring financial charges | 65 | €2,206 | €845 | -€1,360 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €13,180 | -€9,864 | -€23,044 | |
| Income taxes | 67/77 | €3,339 | €696 | -€2,642 | -79.1% |
| Profit (loss) for the period | 9904 | €9,841 | -€10,560 | -€20,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,841 | -€10,560 | -€20,402 |
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 28 October 2026 via checked.be.