CALANDRO: 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.
CALANDRO
Largest movements
- Receivables within one year -€185,928
down €185,928 (-55.3%), from €336,088 to €150,159
of which Trade receivables: -€214,578
- Cash +€10,357
up €10,357 (+35.7%), from €28,980 to €39,337
mainly Receivables within one year (+€185,928) and Depreciation (+€12,526)
- Tangible fixed assets +€7,166
up €7,166 (+21.0%), from €34,139 to €41,305
of which Furniture and vehicles: +€8,056
- Stocks and contracts +€4,442
up €4,442 (+16.1%), from €27,634 to €32,076
- Other debts -€62,259
down €62,259 (-98.2%), from €63,383 to €1,124
- Profit (loss) carried forward -€50,564
down €50,564, from €46,486 to -€4,078
- Trade debts -€36,958
down €36,958 (-47.4%), from €77,959 to €41,001
- Tax, wage and social debts -€17,435
down €17,435 (-29.8%), from €58,569 to €41,134
of which Taxes: -€35,816
- Gross operating margin -€154,184
down €154,184 (-56.5%), from €272,829 to €118,644
- Taxes -€39,047
no longer reported in 2025 (was €39,047)
- Staff costs +€24,004
up €24,004 (+18.8%), from €127,469 to €151,473
- Depreciation +€5,102
up €5,102 (+68.7%), from €7,424 to €12,526
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 | €430,048 | €263,388 | -€166,660 | -38.8% |
| Fixed assets | 21/28 | €34,139 | €41,305 | +€7,166 | +21.0% |
| Tangible fixed assets | 22/27 | €34,139 | €41,305 | +€7,166 | +21.0% |
| Plant, machinery and equipment | 23 | €8,003 | €7,113 | -€890 | -11.1% |
| Furniture and vehicles | 24 | €26,137 | €34,193 | +€8,056 | +30.8% |
| Current assets | 29/58 | €395,909 | €222,082 | -€173,827 | -43.9% |
| Stocks and contracts in progress | 3 | €27,634 | €32,076 | +€4,442 | +16.1% |
| Stocks | 30/36 | €27,634 | €32,076 | +€4,442 | +16.1% |
| Amounts receivable within one year | 40/41 | €336,088 | €150,159 | -€185,928 | -55.3% |
| Trade receivables | 40 | €311,784 | €97,206 | -€214,578 | -68.8% |
| Other amounts receivable | 41 | €24,304 | €52,953 | +€28,649 | +117.9% |
| Cash at bank and in hand | 54/58 | €28,980 | €39,337 | +€10,357 | +35.7% |
| Deferred charges and accrued income | 490/1 | €3,207 | €510 | -€2,697 | -84.1% |
| Total equity and liabilities | 10/49 | €430,048 | €263,388 | -€166,660 | -38.8% |
| Equity | 10/15 | €179,686 | €129,122 | -€50,564 | -28.1% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €132,000 | €132,000 | = | 0.0% |
| Distributable reserves | 133 | €132,000 | €132,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,486 | -€4,078 | -€50,564 | |
| Amounts payable | 17/49 | €250,362 | €134,266 | -€116,096 | -46.4% |
| Amounts payable after more than one year | 17 | €3,694 | €4,377 | +€682 | +18.5% |
| Financial debts | 170/4 | €3,694 | €4,377 | +€682 | +18.5% |
| Amounts payable within one year | 42/48 | €246,668 | €129,889 | -€116,778 | -47.3% |
| Current portion of amounts payable after more than one year | 42 | €6,757 | €6,470 | -€286 | -4.2% |
| Financial debts | 43 | €40,000 | €40,160 | +€160 | +0.4% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Other loans | 439 | - | €160 | +€160 | |
| Trade debts | 44 | €77,959 | €41,001 | -€36,958 | -47.4% |
| Suppliers | 440/4 | €77,959 | €41,001 | -€36,958 | -47.4% |
| Taxes, remuneration and social security | 45 | €58,569 | €41,134 | -€17,435 | -29.8% |
| Taxes | 450/3 | €43,698 | €7,882 | -€35,816 | -82.0% |
| Remuneration and social security | 454/9 | €14,871 | €33,252 | +€18,381 | +123.6% |
| Other amounts payable | 47/48 | €63,383 | €1,124 | -€62,259 | -98.2% |
| Remuneration, social security and pensions | 62 | €127,469 | €151,473 | +€24,004 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,424 | €12,526 | +€5,102 | +68.7% |
| Other operating charges | 640/8 | €629 | €893 | +€263 | +41.9% |
| Gross operating margin | 9900 | €272,829 | €118,644 | -€154,184 | -56.5% |
| Operating profit (loss) | 9901 | €137,306 | -€46,248 | -€183,553 | |
| Financial income | 75/76B | €203 | €703 | +€500 | +245.9% |
| Recurring financial income | 75 | €203 | €703 | +€500 | +245.9% |
| Financial charges | 65/66B | €5,371 | €5,020 | -€351 | -6.5% |
| Recurring financial charges | 65 | €5,371 | €5,020 | -€351 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €132,138 | -€50,564 | -€182,702 | |
| Income taxes | 67/77 | €39,047 | - | -€39,047 | |
| Profit (loss) for the period | 9904 | €93,091 | -€50,564 | -€143,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,091 | -€50,564 | -€143,656 |
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 10 October 2026 via checked.be.