CALAY Benoît: 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.
What changed
CALAY Benoît
NACE 01.500, Mixed farming
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€82,662
2024 · €170,777-€88,115
Equity
€961,204
2024 · €880,462+€80,742
Cash
€105,811
2024 · €39,259+€66,552
Balance sheet total
€2.4m
2024 · €2.3m+€89,000
Largest movements
Assets
- Cash +€66,552
up €66,552 (+169.5%), from €39,259 to €105,811
mainly Depreciation (+€622,719) and Net result for the year (+€82,662)
Equity and liabilities
- Profit (loss) carried forward +€96,312
up €96,312 (+18.7%), from €514,347 to €610,659
- Trade debts -€76,063
down €76,063 (-26.9%), from €283,105 to €207,042
- Current portion of long-term debt +€66,447
up €66,447 (+20.1%), from €330,322 to €396,770
- Tax, wage and social debts +€34,147
up €34,147 (+176.0%), from €19,404 to €53,551
of which Taxes: +€19,863
Income statement
- Gross operating margin +€245,599
up €245,599 (+30.2%), from €813,754 to €1.1m
- Depreciation +€163,289
up €163,289 (+35.5%), from €459,431 to €622,719
- Staff costs +€87,726
up €87,726 (+70.4%), from €124,684 to €212,411
- Taxes +€77,341
up €77,341 (+391.4%), from €19,762 to €97,104
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.
Result 2024
€170,777
Gross operating margin
+€245,599
Staff costs
-€87,726
Depreciation
-€163,289
Other operating charges
-€5,883
Other operating items
+€7,589
Financial income
+€55
Financial charges
-€7,119
Taxes
-€77,341
Result 2025
€82,662
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.
From operations
+€645,116
Investment
-€627,974
Financing
+€49,410
Cash 2024
€39,259
From operations (derived)
+€645,116
Net result for the year
+€82,662
Depreciation
+€622,719
Receivables within one year
-€10,252
Deferred charges and accrued income
-€6,941
Provisions
-€4,550
Trade debts
-€76,063
Tax, wage and social debts
+€34,147
Other debts
+€3,393
Investment (derived)
-€627,974
Investment in fixed assets (net)
-€627,974
Financing
+€49,410
Debts after one year
-€15,118
Current portion of long-term debt
+€66,447
Contributions, distributions and other
-€1,920
Cash 2025
€105,811
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,326,829 | €2,415,829 | +€89,000 | +3.8% |
| Fixed assets | 21/28 | €1,822,122 | €1,827,377 | +€5,255 | +0.3% |
| Tangible fixed assets | 22/27 | €1,822,122 | €1,827,377 | +€5,255 | +0.3% |
| Plant, machinery and equipment | 23 | €766,614 | €899,933 | +€133,318 | +17.4% |
| Furniture and vehicles | 24 | €1,055,507 | €927,444 | -€128,063 | -12.1% |
| Current assets | 29/58 | €504,707 | €588,452 | +€83,745 | +16.6% |
| Amounts receivable within one year | 40/41 | €447,097 | €457,349 | +€10,252 | +2.3% |
| Trade receivables | 40 | €334,398 | €405,315 | +€70,917 | +21.2% |
| Other amounts receivable | 41 | €112,700 | €52,034 | -€60,665 | -53.8% |
| Cash at bank and in hand | 54/58 | €39,259 | €105,811 | +€66,552 | +169.5% |
| Deferred charges and accrued income | 490/1 | €18,351 | €25,292 | +€6,941 | +37.8% |
| Total equity and liabilities | 10/49 | €2,326,829 | €2,415,829 | +€89,000 | +3.8% |
| Equity | 10/15 | €880,462 | €961,204 | +€80,742 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €343,674 | €330,024 | -€13,650 | -4.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,173 | €23,523 | -€13,650 | -36.7% |
| Distributable reserves | 133 | €306,252 | €306,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514,347 | €610,659 | +€96,312 | +18.7% |
| Investment grants | 15 | €3,840 | €1,920 | -€1,920 | -50.0% |
| Provisions and deferred taxes | 16 | €12,391 | €7,841 | -€4,550 | -36.7% |
| Deferred taxes | 168 | €12,391 | €7,841 | -€4,550 | -36.7% |
| Amounts payable | 17/49 | €1,433,976 | €1,446,784 | +€12,808 | +0.9% |
| Amounts payable after more than one year | 17 | €641,400 | €626,282 | -€15,118 | -2.4% |
| Financial debts | 170/4 | €641,400 | €626,282 | -€15,118 | -2.4% |
| Amounts payable within one year | 42/48 | €792,576 | €820,501 | +€27,925 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €330,322 | €396,770 | +€66,447 | +20.1% |
| Trade debts | 44 | €283,105 | €207,042 | -€76,063 | -26.9% |
| Suppliers | 440/4 | €283,105 | €207,042 | -€76,063 | -26.9% |
| Taxes, remuneration and social security | 45 | €19,404 | €53,551 | +€34,147 | +176.0% |
| Taxes | 450/3 | €1,210 | €21,073 | +€19,863 | +1641.8% |
| Remuneration and social security | 454/9 | €18,194 | €32,478 | +€14,284 | +78.5% |
| Other amounts payable | 47/48 | €159,745 | €163,139 | +€3,393 | +2.1% |
| Non-recurring operating income | 76A | €37,660 | €5,000 | -€32,660 | -86.7% |
| Remuneration, social security and pensions | 62 | €124,684 | €212,411 | +€87,726 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459,431 | €622,719 | +€163,289 | +35.5% |
| Other operating charges | 640/8 | €15,356 | €21,239 | +€5,883 | +38.3% |
| Non-recurring operating charges | 66A | €7,589 | - | -€7,589 | |
| Gross operating margin | 9900 | €813,754 | €1,059,353 | +€245,599 | +30.2% |
| Operating profit (loss) | 9901 | €206,693 | €202,984 | -€3,709 | -1.8% |
| Financial income | 75/76B | €1,920 | €1,975 | +€55 | +2.8% |
| Recurring financial income | 75 | €1,920 | €1,975 | +€55 | +2.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €22,624 | €29,743 | +€7,119 | +31.5% |
| Recurring financial charges | 65 | €22,624 | €29,743 | +€7,119 | +31.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €185,989 | €175,216 | -€10,774 | -5.8% |
| Transfer from deferred taxes | 780 | €4,550 | €4,550 | = | 0.0% |
| Income taxes | 67/77 | €19,762 | €97,104 | +€77,341 | +391.4% |
| Profit (loss) for the period | 9904 | €170,777 | €82,662 | -€88,115 | -51.6% |
| Transfer from tax-exempt reserves | 789 | €171,170 | €13,650 | -€157,520 | -92.0% |
| Transfer to tax-exempt reserves | 689 | €29,280 | - | -€29,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €312,667 | €96,312 | -€216,355 | -69.2% |
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 8 October 2026 via checked.be.