CALCULO: 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.
CALCULO
Largest movements
- Receivables within one year +€118,460
up €118,460 (+53.1%), from €223,139 to €341,599
of which Trade receivables: +€80,862
- Cash +€21,877
up €21,877 (+180%), from €12,154 to €34,031
mainly Net result for the year (+€134,927) and Depreciation (+€16,209)
- Tangible fixed assets -€11,368
down €11,368 (-18.3%), from €62,229 to €50,861
of which Leasing and similar rights: -€11,663
- Profit (loss) carried forward +€134,927
up €134,927 (+106%), from €126,897 to €261,824
- Debts after one year -€7,952
down €7,952 (-26.1%), from €30,435 to €22,483
- Tax, wage and social debts +€6,634
up €6,634 (+12.0%), from €55,150 to €61,783
of which Taxes: +€6,593
- Gross operating margin +€69,849
up €69,849 (+34.3%), from €203,529 to €273,378
- Staff costs +€15,688
up €15,688 (+31.3%), from €50,108 to €65,796
- Taxes +€15,613
up €15,613 (+38.9%), from €40,108 to €55,720
- Depreciation +€7,415
up €7,415 (+84.3%), from €8,794 to €16,209
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 | €438,428 | €571,028 | +€132,599 | +30.2% |
| Fixed assets | 21/28 | €62,479 | €51,111 | -€11,368 | -18.2% |
| Tangible fixed assets | 22/27 | €62,229 | €50,861 | -€11,368 | -18.3% |
| Land and buildings | 22 | €14,120 | €15,196 | +€1,076 | +7.6% |
| Furniture and vehicles | 24 | €3,028 | €2,246 | -€782 | -25.8% |
| Leasing and similar rights | 25 | €45,082 | €33,419 | -€11,663 | -25.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €375,949 | €519,917 | +€143,968 | +38.3% |
| Amounts receivable after more than one year | 29 | €121,029 | €121,029 | = | 0.0% |
| Other amounts receivable | 291 | €121,029 | €121,029 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €223,139 | €341,599 | +€118,460 | +53.1% |
| Trade receivables | 40 | €169,258 | €250,121 | +€80,862 | +47.8% |
| Other amounts receivable | 41 | €53,881 | €91,478 | +€37,597 | +69.8% |
| Cash at bank and in hand | 54/58 | €12,154 | €34,031 | +€21,877 | +180% |
| Deferred charges and accrued income | 490/1 | €19,627 | €23,258 | +€3,631 | +18.5% |
| Total equity and liabilities | 10/49 | €438,428 | €571,028 | +€132,599 | +30.2% |
| Equity | 10/15 | €334,957 | €469,884 | +€134,927 | +40.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,860 | €201,860 | = | 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% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,897 | €261,824 | +€134,927 | +106% |
| Amounts payable | 17/49 | €103,472 | €101,144 | -€2,327 | -2.2% |
| Amounts payable after more than one year | 17 | €30,435 | €22,483 | -€7,952 | -26.1% |
| Financial debts | 170/4 | €30,435 | €22,483 | -€7,952 | -26.1% |
| Amounts payable within one year | 42/48 | €73,036 | €78,661 | +€5,625 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €16,117 | €15,614 | -€503 | -3.1% |
| Trade debts | 44 | €1,770 | €759 | -€1,011 | -57.1% |
| Suppliers | 440/4 | €1,770 | €759 | -€1,011 | -57.1% |
| Advances received on contracts in progress | 46 | - | €412 | +€412 | |
| Taxes, remuneration and social security | 45 | €55,150 | €61,783 | +€6,634 | +12.0% |
| Taxes | 450/3 | €53,970 | €60,563 | +€6,593 | +12.2% |
| Remuneration and social security | 454/9 | €1,179 | €1,220 | +€41 | +3.5% |
| Other amounts payable | 47/48 | - | €93 | +€93 | |
| Remuneration, social security and pensions | 62 | €50,108 | €65,796 | +€15,688 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,794 | €16,209 | +€7,415 | +84.3% |
| Other operating charges | 640/8 | €3,973 | €1,758 | -€2,214 | -55.7% |
| Gross operating margin | 9900 | €203,529 | €273,378 | +€69,849 | +34.3% |
| Operating profit (loss) | 9901 | €140,654 | €189,615 | +€48,961 | +34.8% |
| Financial income | 75/76B | €5,825 | €3,633 | -€2,192 | -37.6% |
| Recurring financial income | 75 | €5,825 | €3,633 | -€2,192 | -37.6% |
| Financial charges | 65/66B | €1,929 | €2,601 | +€671 | +34.8% |
| Recurring financial charges | 65 | €1,929 | €2,601 | +€671 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €144,550 | €190,647 | +€46,097 | +31.9% |
| Income taxes | 67/77 | €40,108 | €55,720 | +€15,613 | +38.9% |
| Profit (loss) for the period | 9904 | €104,442 | €134,927 | +€30,484 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €104,442 | €134,927 | +€30,484 | +29.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.