CALBRECHT: 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.
CALBRECHT
Largest movements
- Cash -€65,974
down €65,974 (-20.2%), from €325,988 to €260,013
mainly Debts after one year (-€55,714) and Current portion of long-term debt (-€15,818)
- Tangible fixed assets -€17,570
down €17,570 (-13.5%), from €130,456 to €112,885
of which Furniture and vehicles: -€119,235
- Receivables within one year -€6,386
down €6,386 (-22.2%), from €28,814 to €22,427
of which Trade receivables: -€5,458
- Debts after one year -€55,714
no longer reported in 2025 (was €55,714)
- Current portion of long-term debt -€15,818
no longer reported in 2025 (was €15,818)
- Profit (loss) carried forward -€13,722
down €13,722 (-40.8%), from €33,634 to €19,912
- Trade debts -€10,579
down €10,579 (-87.8%), from €12,047 to €1,468
- Gross operating margin -€30,685
down €30,685 (-49.5%), from €62,006 to €31,322
- Other operating charges +€13,277
up €13,277 (+180%), from €7,387 to €20,664
- Depreciation -€8,729
down €8,729 (-28.2%), from €30,940 to €22,211
- Taxes -€2,027
down €2,027 (-94.7%), from €2,140 to €113
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.
Derived cash bridge
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 | €503,463 | €406,705 | -€96,758 | -19.2% |
| Fixed assets | 21/28 | €130,591 | €112,885 | -€17,705 | -13.6% |
| Tangible fixed assets | 22/27 | €130,456 | €112,885 | -€17,570 | -13.5% |
| Land and buildings | 22 | - | €73,097 | +€73,097 | |
| Plant, machinery and equipment | 23 | €407 | €29,205 | +€28,798 | +7,076% |
| Furniture and vehicles | 24 | €129,587 | €10,352 | -€119,235 | -92.0% |
| Other tangible fixed assets | 26 | €462 | €231 | -€231 | -50.0% |
| Financial fixed assets | 28 | €135 | - | -€135 | |
| Current assets | 29/58 | €372,873 | €293,820 | -€79,053 | -21.2% |
| Stocks and contracts in progress | 3 | €5,240 | €3,476 | -€1,764 | -33.7% |
| Stocks | 30/36 | €5,240 | €3,476 | -€1,764 | -33.7% |
| Amounts receivable within one year | 40/41 | €28,814 | €22,427 | -€6,386 | -22.2% |
| Trade receivables | 40 | €23,126 | €17,668 | -€5,458 | -23.6% |
| Other amounts receivable | 41 | €5,687 | €4,759 | -€928 | -16.3% |
| Cash at bank and in hand | 54/58 | €325,988 | €260,013 | -€65,974 | -20.2% |
| Deferred charges and accrued income | 490/1 | €12,832 | €7,903 | -€4,928 | -38.4% |
| Total equity and liabilities | 10/49 | €503,463 | €406,705 | -€96,758 | -19.2% |
| Equity | 10/15 | €410,824 | €397,102 | -€13,722 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €357,190 | €357,190 | = | 0.0% |
| Distributable reserves | 133 | €357,190 | €357,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,634 | €19,912 | -€13,722 | -40.8% |
| Amounts payable | 17/49 | €92,639 | €9,603 | -€83,036 | -89.6% |
| Amounts payable after more than one year | 17 | €55,714 | - | -€55,714 | |
| Financial debts | 170/4 | €55,714 | - | -€55,714 | |
| Amounts payable within one year | 42/48 | €35,147 | €9,500 | -€25,648 | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €15,818 | - | -€15,818 | |
| Trade debts | 44 | €12,047 | €1,468 | -€10,579 | -87.8% |
| Suppliers | 440/4 | €12,047 | €1,468 | -€10,579 | -87.8% |
| Advances received on contracts in progress | 46 | €500 | €3,500 | +€3,000 | +600% |
| Taxes, remuneration and social security | 45 | €5,597 | €3,673 | -€1,924 | -34.4% |
| Taxes | 450/3 | €4,597 | €2,673 | -€1,924 | -41.9% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €1,186 | €859 | -€327 | -27.6% |
| Accrued charges and deferred income | 492/3 | €1,777 | €103 | -€1,675 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,940 | €22,211 | -€8,729 | -28.2% |
| Other operating charges | 640/8 | €7,387 | €20,664 | +€13,277 | +180% |
| Gross operating margin | 9900 | €62,006 | €31,322 | -€30,685 | -49.5% |
| Operating profit (loss) | 9901 | €23,680 | -€11,553 | -€35,233 | |
| Financial income | 75/76B | €1,277 | €1,673 | +€396 | +31.0% |
| Recurring financial income | 75 | €1,277 | €1,673 | +€396 | +31.0% |
| Financial charges | 65/66B | €3,223 | €2,870 | -€354 | -11.0% |
| Recurring financial charges | 65 | €3,223 | €2,870 | -€354 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €21,734 | -€12,750 | -€34,483 | |
| Income taxes | 67/77 | €2,140 | €113 | -€2,027 | -94.7% |
| Profit (loss) for the period | 9904 | €19,594 | -€12,863 | -€32,457 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,594 | -€12,863 | -€32,457 |
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 13 October 2026 via checked.be.