CALDAR: 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.
CALDAR
Largest movements
- Tangible fixed assets +€26,847
up €26,847 (+2003.9%), from €1,340 to €28,186
of which Leasing and similar rights: +€27,546
- Receivables within one year +€8,161
up €8,161 (+85.4%), from €9,562 to €17,723
of which Other amounts receivable: +€5,186
- Cash +€3,419
up €3,419 (+10.1%), from €33,770 to €37,189
mainly Net result for the year (+€39,625) and Debts after one year (+€16,364)
- Debts after one year +€16,364
new in 2026: €16,364
- Profit (loss) carried forward +€15,982
up €15,982, from -€15,982 to €0
- Advances received -€10,723
down €10,723 (-100.0%), from €10,723 to €0
- Current portion of long-term debt +€6,291
new in 2026: €6,291
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Gross operating margin +€41,298
up €41,298 (+224.3%), from €18,410 to €59,708
- Turnover -€28,396
no longer reported in 2026 (was €28,396)
- Purchases and services -€12,904
no longer reported in 2026 (was €12,904)
- Taxes +€9,391
up €9,391 (+3658.2%), from €257 to €9,647
- Depreciation +€5,178
up €5,178 (+456.2%), from €1,135 to €6,314
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,672 | €83,099 | +€38,427 | +86.0% |
| Fixed assets | 21/28 | €1,340 | €28,186 | +€26,847 | +2003.9% |
| Tangible fixed assets | 22/27 | €1,340 | €28,186 | +€26,847 | +2003.9% |
| Furniture and vehicles | 24 | €1,340 | €641 | -€699 | -52.2% |
| Leasing and similar rights | 25 | - | €27,546 | +€27,546 | |
| Current assets | 29/58 | €43,332 | €54,912 | +€11,580 | +26.7% |
| Amounts receivable within one year | 40/41 | €9,562 | €17,723 | +€8,161 | +85.4% |
| Trade receivables | 40 | €9,396 | €12,371 | +€2,975 | +31.7% |
| Other amounts receivable | 41 | €167 | €5,353 | +€5,186 | +3114.2% |
| Cash at bank and in hand | 54/58 | €33,770 | €37,189 | +€3,419 | +10.1% |
| Total equity and liabilities | 10/49 | €44,672 | €83,099 | +€38,427 | +86.0% |
| Equity | 10/15 | €30,145 | €54,901 | +€24,756 | +82.1% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €33,727 | €36,301 | +€2,574 | +7.6% |
| Tax-exempt reserves | 132 | €196 | €196 | = | 0.0% |
| Distributable reserves | 133 | €33,531 | €36,105 | +€2,574 | +7.7% |
| Profit (loss) carried forward | 14 | -€15,982 | €0 | +€15,982 | |
| Amounts payable | 17/49 | €14,528 | €28,198 | +€13,670 | +94.1% |
| Amounts payable after more than one year | 17 | - | €16,364 | +€16,364 | |
| Financial debts | 170/4 | - | €16,364 | +€16,364 | |
| Amounts payable within one year | 42/48 | €14,528 | €11,672 | -€2,856 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,291 | +€6,291 | |
| Trade debts | 44 | €204 | €552 | +€348 | +170.6% |
| Suppliers | 440/4 | €204 | €552 | +€348 | +170.6% |
| Advances received on contracts in progress | 46 | €10,723 | €0 | -€10,723 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,429 | €3,488 | +€60 | +1.7% |
| Taxes | 450/3 | €3,429 | €3,488 | +€60 | +1.7% |
| Other amounts payable | 47/48 | €172 | €1,341 | +€1,169 | +680.6% |
| Accrued charges and deferred income | 492/3 | - | €162 | +€162 | |
| Turnover | 70 | €28,396 | - | -€28,396 | |
| Goods, raw materials, services and sundry goods | 60/61 | €12,904 | - | -€12,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €6,314 | +€5,178 | +456.2% |
| Other operating charges | 640/8 | €148 | €3,352 | +€3,204 | +2164.8% |
| Gross operating margin | 9900 | €18,410 | €59,708 | +€41,298 | +224.3% |
| Operating profit (loss) | 9901 | €17,127 | €50,043 | +€32,916 | +192.2% |
| Financial income | 75/76B | €61 | €121 | +€60 | +98.4% |
| Recurring financial income | 75 | €61 | €121 | +€60 | +98.4% |
| Financial charges | 65/66B | €80 | €891 | +€811 | +1019.7% |
| Recurring financial charges | 65 | €80 | €891 | +€811 | +1019.7% |
| Profit (loss) for the period before taxes | 9903 | €17,108 | €49,272 | +€32,164 | +188.0% |
| Income taxes | 67/77 | €257 | €9,647 | +€9,391 | +3658.2% |
| Profit (loss) for the period | 9904 | €16,851 | €39,625 | +€22,773 | +135.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,851 | €39,625 | +€22,773 | +135.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.