CALATHE: 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.
CALATHE
Largest movements
- Financial fixed assets -€112,832
down €112,832 (-30.1%), from €375,172 to €262,341
- Cash +€33,815
up €33,815 (+453.4%), from €7,458 to €41,272
mainly Investment in fixed assets (net) (+€106,113) and Net result for the year (+€49,991)
- Current investments -€20,484
no longer reported in 2025 (was €20,484)
- Tangible fixed assets -€17,672
down €17,672 (-16.0%), from €110,669 to €92,998
of which Furniture and vehicles: -€19,125
- Receivables within one year -€6,354
down €6,354 (-70.2%), from €9,051 to €2,697
of which Trade receivables: -€4,839
- Reserves -€172,309
down €172,309 (-39.1%), from €440,219 to €267,909
- Other debts +€36,187
up €36,187 (+1841.7%), from €1,965 to €38,152
- Tax, wage and social debts +€10,021
up €10,021 (+171.9%), from €5,829 to €15,851
- Turnover -€348,828
no longer reported in 2025 (was €348,828)
- Purchases and services -€279,566
no longer reported in 2025 (was €279,566)
- Gross operating margin +€36,334
up €36,334 (+52.5%), from €69,262 to €105,596
- Depreciation +€16,163
up €16,163 (+196.5%), from €8,227 to €24,391
- Other operating charges -€6,806
down €6,806 (-60.6%), from €11,236 to €4,430
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 | €524,286 | €400,616 | -€123,671 | -23.6% |
| Fixed assets | 21/28 | €485,842 | €355,338 | -€130,504 | -26.9% |
| Tangible fixed assets | 22/27 | €110,669 | €92,998 | -€17,672 | -16.0% |
| Land and buildings | 22 | €5,376 | €4,011 | -€1,365 | -25.4% |
| Plant, machinery and equipment | 23 | €6,852 | €9,670 | +€2,818 | +41.1% |
| Furniture and vehicles | 24 | €98,441 | €79,316 | -€19,125 | -19.4% |
| Financial fixed assets | 28 | €375,172 | €262,341 | -€112,832 | -30.1% |
| Current assets | 29/58 | €38,445 | €45,277 | +€6,833 | +17.8% |
| Amounts receivable within one year | 40/41 | €9,051 | €2,697 | -€6,354 | -70.2% |
| Trade receivables | 40 | €7,028 | €2,189 | -€4,839 | -68.8% |
| Other amounts receivable | 41 | €2,023 | €507 | -€1,516 | -74.9% |
| Current investments | 50/53 | €20,484 | - | -€20,484 | |
| Cash at bank and in hand | 54/58 | €7,458 | €41,272 | +€33,815 | +453.4% |
| Deferred charges and accrued income | 490/1 | €1,452 | €1,309 | -€143 | -9.9% |
| Total equity and liabilities | 10/49 | €524,286 | €400,616 | -€123,671 | -23.6% |
| Equity | 10/15 | €441,750 | €269,441 | -€172,309 | -39.0% |
| Contributions | 10/11 | €1,532 | €1,532 | = | 0.0% |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €440,219 | €267,909 | -€172,309 | -39.1% |
| Distributable reserves | 133 | €440,219 | €267,909 | -€172,309 | -39.1% |
| Amounts payable | 17/49 | €82,536 | €131,175 | +€48,639 | +58.9% |
| Amounts payable after more than one year | 17 | €71,323 | €76,372 | +€5,050 | +7.1% |
| Financial debts | 170/4 | €71,323 | €76,372 | +€5,050 | +7.1% |
| Amounts payable within one year | 42/48 | €11,213 | €54,802 | +€43,589 | +388.7% |
| Current portion of amounts payable after more than one year | 42 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €1,419 | €800 | -€619 | -43.6% |
| Suppliers | 440/4 | €1,419 | €800 | -€619 | -43.6% |
| Taxes, remuneration and social security | 45 | €5,829 | €15,851 | +€10,021 | +171.9% |
| Taxes | 450/3 | €5,829 | €15,851 | +€10,021 | +171.9% |
| Other amounts payable | 47/48 | €1,965 | €38,152 | +€36,187 | +1841.7% |
| Turnover | 70 | €348,828 | - | -€348,828 | |
| Goods, raw materials, services and sundry goods | 60/61 | €279,566 | - | -€279,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,227 | €24,391 | +€16,163 | +196.5% |
| Other operating charges | 640/8 | €11,236 | €4,430 | -€6,806 | -60.6% |
| Non-recurring operating charges | 66A | €480 | €552 | +€72 | +15.0% |
| Gross operating margin | 9900 | €69,262 | €105,596 | +€36,334 | +52.5% |
| Operating profit (loss) | 9901 | €49,319 | €76,224 | +€26,905 | +54.6% |
| Financial income | 75/76B | €3,619 | €4,023 | +€403 | +11.1% |
| Recurring financial income | 75 | €3,619 | €4,023 | +€403 | +11.1% |
| Financial charges | 65/66B | €2,981 | €4,691 | +€1,710 | +57.4% |
| Recurring financial charges | 65 | €2,981 | €4,691 | +€1,710 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €49,958 | €75,556 | +€25,598 | +51.2% |
| Income taxes | 67/77 | €20,770 | €25,565 | +€4,795 | +23.1% |
| Profit (loss) for the period | 9904 | €29,187 | €49,991 | +€20,803 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,187 | €49,991 | +€20,803 | +71.3% |
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 30 September 2026 via checked.be.