CALAO: 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.
CALAO
Largest movements
- Tangible fixed assets -€22,002
down €22,002 (-83.3%), from €26,400 to €4,397
of which Furniture and vehicles: -€16,429
- Stocks and contracts -€767
no longer reported in 2025 (was €767)
- Receivables within one year -€715
down €715 (-31.8%), from €2,249 to €1,535
of which Other amounts receivable: -€632
- Profit (loss) carried forward -€18,217
down €18,217 (-83.5%), from -€21,828 to -€40,044
- Debts after one year -€12,194
down €12,194 (-74.9%), from €16,285 to €4,091
- Other debts +€6,846
up €6,846 (+34.8%), from €19,674 to €26,519
- Depreciation -€5,785
down €5,785 (-24.7%), from €23,375 to €17,590
- Gross operating margin -€2,624
down €2,624 (-94.2%), from €2,784 to €160
- Financial charges -€202
down €202 (-47.6%), from €425 to €223
- Other operating charges +€79
up €79 (+16.3%), from €485 to €564
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 | €34,916 | €11,266 | -€23,650 | -67.7% |
| Fixed assets | 21/28 | €26,400 | €4,397 | -€22,002 | -83.3% |
| Tangible fixed assets | 22/27 | €26,400 | €4,397 | -€22,002 | -83.3% |
| Plant, machinery and equipment | 23 | €5,699 | €671 | -€5,029 | -88.2% |
| Furniture and vehicles | 24 | €20,155 | €3,727 | -€16,429 | -81.5% |
| Leasing and similar rights | 25 | €108 | - | -€108 | |
| Other tangible fixed assets | 26 | €437 | - | -€437 | |
| Current assets | 29/58 | €8,516 | €6,868 | -€1,648 | -19.3% |
| Stocks and contracts in progress | 3 | €767 | - | -€767 | |
| Stocks | 30/36 | €767 | - | -€767 | |
| Amounts receivable within one year | 40/41 | €2,249 | €1,535 | -€715 | -31.8% |
| Trade receivables | 40 | €83 | - | -€83 | |
| Other amounts receivable | 41 | €2,167 | €1,535 | -€632 | -29.2% |
| Cash at bank and in hand | 54/58 | €5,500 | €5,333 | -€167 | -3.0% |
| Total equity and liabilities | 10/49 | €34,916 | €11,266 | -€23,650 | -67.7% |
| Equity | 10/15 | -€16,828 | -€35,044 | -€18,217 | -108.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,828 | -€40,044 | -€18,217 | -83.5% |
| Amounts payable | 17/49 | €51,743 | €46,310 | -€5,433 | -10.5% |
| Amounts payable after more than one year | 17 | €16,285 | €4,091 | -€12,194 | -74.9% |
| Financial debts | 170/4 | €16,285 | €4,091 | -€12,194 | -74.9% |
| Amounts payable within one year | 42/48 | €35,437 | €42,219 | +€6,782 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €12,077 | €12,194 | +€118 | +1.0% |
| Trade debts | 44 | €3,686 | €3,505 | -€181 | -4.9% |
| Suppliers | 440/4 | €3,686 | €3,505 | -€181 | -4.9% |
| Other amounts payable | 47/48 | €19,674 | €26,519 | +€6,846 | +34.8% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,375 | €17,590 | -€5,785 | -24.7% |
| Other operating charges | 640/8 | €485 | €564 | +€79 | +16.3% |
| Gross operating margin | 9900 | €2,784 | €160 | -€2,624 | -94.2% |
| Operating profit (loss) | 9901 | -€21,076 | -€17,994 | +€3,082 | +14.6% |
| Financial charges | 65/66B | €425 | €223 | -€202 | -47.6% |
| Recurring financial charges | 65 | €425 | €223 | -€202 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,501 | -€18,217 | +€3,284 | +15.3% |
| Profit (loss) for the period | 9904 | -€21,501 | -€18,217 | +€3,284 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,501 | -€18,217 | +€3,284 | +15.3% |
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 6 October 2026 via checked.be.