CALCULAX: 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.
CALCULAX
Largest movements
- Cash -€264,408
down €264,408 (-63.7%), from €415,077 to €150,669
mainly Contributions, distributions and other (-€471,400) and Current investments (-€200,000)
- Current investments +€200,000
new in 2025: €200,000
- Tangible fixed assets -€28,899
down €28,899 (-4.9%), from €586,574 to €557,675
of which Land and buildings: -€20,752
- Other debts +€474,552
up €474,552 (+3011.0%), from €15,761 to €490,313
- Contributions -€471,400
down €471,400 (-85.5%), from €551,600 to €80,200
- Reserves -€52,234
down €52,234 (-31.7%), from €164,525 to €112,291
of which Non-distributable reserves: -€47,140
- Provisions -€26,903
down €26,903 (-9.0%), from €299,183 to €272,280
of which Provisions for liabilities and charges: -€25,205
- Trade debts -€21,005
down €21,005 (-82.1%), from €25,573 to €4,568
- Financial charges +€5,603
up €5,603 (+12.7%), from €44,056 to €49,658
- Depreciation +€2,293
up €2,293 (+8.3%), from €27,540 to €29,833
- Financial income +€1,735
up €1,735 (+122.4%), from €1,418 to €3,153
- Provisions -€1,282
down €1,282 (-5.4%), from -€23,923 to -€25,205
- Gross operating margin +€383
up €383 (+2.7%), from €14,105 to €14,489
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 | €1,005,420 | €916,263 | -€89,157 | -8.9% |
| Fixed assets | 21/28 | €586,587 | €557,687 | -€28,899 | -4.9% |
| Tangible fixed assets | 22/27 | €586,574 | €557,675 | -€28,899 | -4.9% |
| Land and buildings | 22 | €489,731 | €468,979 | -€20,752 | -4.2% |
| Plant, machinery and equipment | 23 | €47,438 | €44,082 | -€3,356 | -7.1% |
| Furniture and vehicles | 24 | - | €720 | +€720 | |
| Other tangible fixed assets | 26 | €49,406 | €43,895 | -€5,511 | -11.2% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €418,833 | €358,576 | -€60,257 | -14.4% |
| Amounts receivable within one year | 40/41 | €2,469 | €7,090 | +€4,621 | +187.1% |
| Trade receivables | 40 | - | €3,509 | +€3,509 | |
| Other amounts receivable | 41 | €2,469 | €3,581 | +€1,112 | +45.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €415,077 | €150,669 | -€264,408 | -63.7% |
| Deferred charges and accrued income | 490/1 | €1,287 | €817 | -€470 | -36.5% |
| Total equity and liabilities | 10/49 | €1,005,420 | €916,263 | -€89,157 | -8.9% |
| Equity | 10/15 | €662,764 | €146,858 | -€515,906 | -77.8% |
| Contributions | 10/11 | €551,600 | €80,200 | -€471,400 | -85.5% |
| Capital | 10 | €551,600 | €80,200 | -€471,400 | -85.5% |
| Issued capital | 100 | €551,600 | €80,200 | -€471,400 | -85.5% |
| Reserves | 13 | €164,525 | €112,291 | -€52,234 | -31.7% |
| Non-distributable reserves | 130/1 | €55,160 | €8,020 | -€47,140 | -85.5% |
| Legal reserve | 130 | €55,160 | €8,020 | -€47,140 | -85.5% |
| Tax-exempt reserves | 132 | €109,365 | €104,271 | -€5,094 | -4.7% |
| Profit (loss) carried forward | 14 | -€53,361 | -€45,632 | +€7,728 | +14.5% |
| Provisions and deferred taxes | 16 | €299,183 | €272,280 | -€26,903 | -9.0% |
| Provisions for liabilities and charges | 160/5 | €262,728 | €237,523 | -€25,205 | -9.6% |
| Other liabilities and charges | 164/5 | €262,728 | €237,523 | -€25,205 | -9.6% |
| Deferred taxes | 168 | €36,455 | €34,757 | -€1,698 | -4.7% |
| Amounts payable | 17/49 | €43,473 | €497,125 | +€453,652 | +1043.5% |
| Amounts payable within one year | 42/48 | €42,332 | €494,880 | +€452,548 | +1069.0% |
| Trade debts | 44 | €25,573 | €4,568 | -€21,005 | -82.1% |
| Suppliers | 440/4 | €25,573 | €4,568 | -€21,005 | -82.1% |
| Taxes, remuneration and social security | 45 | €999 | - | -€999 | |
| Taxes | 450/3 | €999 | - | -€999 | |
| Other amounts payable | 47/48 | €15,761 | €490,313 | +€474,552 | +3011.0% |
| Accrued charges and deferred income | 492/3 | €1,140 | €2,244 | +€1,104 | +96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,540 | €29,833 | +€2,293 | +8.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,923 | -€25,205 | -€1,282 | -5.4% |
| Other operating charges | 640/8 | €9,381 | €9,558 | +€177 | +1.9% |
| Gross operating margin | 9900 | €14,105 | €14,489 | +€383 | +2.7% |
| Operating profit (loss) | 9901 | €1,107 | €302 | -€805 | -72.7% |
| Financial income | 75/76B | €1,418 | €3,153 | +€1,735 | +122.4% |
| Recurring financial income | 75 | €1,418 | €3,153 | +€1,735 | +122.4% |
| Financial charges | 65/66B | €44,056 | €49,658 | +€5,603 | +12.7% |
| Recurring financial charges | 65 | €44,056 | €49,658 | +€5,603 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | -€41,531 | -€46,203 | -€4,673 | -11.3% |
| Transfer from deferred taxes | 780 | €1,300 | €1,698 | +€398 | +30.6% |
| Profit (loss) for the period | 9904 | -€40,231 | -€44,505 | -€4,275 | -10.6% |
| Transfer from tax-exempt reserves | 789 | €3,900 | €5,094 | +€1,194 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,331 | -€39,412 | -€3,081 | -8.5% |
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.