Calbert-Glibert: 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.
Calbert-Glibert
Largest movements
- Tangible fixed assets -€3,300
down €3,300 (-44.8%), from €7,364 to €4,064
of which Other tangible fixed assets: -€3,108
- Cash +€767
up €767 (+437.2%), from €176 to €943
mainly Other debts (+€14,910) and Depreciation (+€3,300)
- Receivables within one year -€707
down €707 (-29.9%), from €2,364 to €1,657
of which Other amounts receivable: -€707
- Other debts +€14,910
up €14,910 (+171.1%), from €8,714 to €23,624
- Current portion of long-term debt -€6,668
down €6,668 (-52.7%), from €12,649 to €5,981
- Debts after one year -€5,981
down €5,981 (-17.8%), from €33,693 to €27,712
- Profit (loss) carried forward -€5,638
down €5,638 (-10.6%), from -€53,172 to -€58,810
- Trade debts +€121
new in 2025: €121
- Depreciation -€633
down €633 (-16.1%), from €3,934 to €3,300
- Gross operating margin +€466
up €466 (+23.4%), from -€1,987 to -€1,522
- Financial charges -€352
down €352 (-30.1%), from €1,167 to €816
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 | €9,954 | €6,689 | -€3,265 | -32.8% |
| Fixed assets | 21/28 | €7,389 | €4,089 | -€3,300 | -44.7% |
| Tangible fixed assets | 22/27 | €7,364 | €4,064 | -€3,300 | -44.8% |
| Furniture and vehicles | 24 | €237 | €45 | -€192 | -81.2% |
| Other tangible fixed assets | 26 | €7,127 | €4,019 | -€3,108 | -43.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €2,565 | €2,600 | +€35 | +1.4% |
| Amounts receivable within one year | 40/41 | €2,364 | €1,657 | -€707 | -29.9% |
| Trade receivables | 40 | €1,636 | €1,636 | = | 0.0% |
| Other amounts receivable | 41 | €728 | €21 | -€707 | -97.1% |
| Cash at bank and in hand | 54/58 | €176 | €943 | +€767 | +437.2% |
| Deferred charges and accrued income | 490/1 | €25 | €0 | -€25 | -100.0% |
| Total equity and liabilities | 10/49 | €9,954 | €6,689 | -€3,265 | -32.8% |
| Equity | 10/15 | -€45,112 | -€50,750 | -€5,638 | -12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,172 | -€58,810 | -€5,638 | -10.6% |
| Amounts payable | 17/49 | €55,066 | €57,438 | +€2,372 | +4.3% |
| Amounts payable after more than one year | 17 | €33,693 | €27,712 | -€5,981 | -17.8% |
| Financial debts | 170/4 | €33,693 | €27,712 | -€5,981 | -17.8% |
| Amounts payable within one year | 42/48 | €21,373 | €29,726 | +€8,353 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €12,649 | €5,981 | -€6,668 | -52.7% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | - | €121 | +€121 | |
| Suppliers | 440/4 | - | €121 | +€121 | |
| Other amounts payable | 47/48 | €8,714 | €23,624 | +€14,910 | +171.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,934 | €3,300 | -€633 | -16.1% |
| Gross operating margin | 9900 | -€1,987 | -€1,522 | +€466 | +23.4% |
| Operating profit (loss) | 9901 | -€5,921 | -€4,822 | +€1,099 | +18.6% |
| Financial charges | 65/66B | €1,167 | €816 | -€352 | -30.1% |
| Recurring financial charges | 65 | €1,167 | €816 | -€352 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,088 | -€5,638 | +€1,451 | +20.5% |
| Profit (loss) for the period | 9904 | -€7,088 | -€5,638 | +€1,451 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,088 | -€5,638 | +€1,451 | +20.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.