Caldera: 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.
Caldera
Largest movements
- Cash +€118,726
up €118,726 (+66.7%), from €178,008 to €296,734
mainly Investment in fixed assets (net) (+€72,904) and Other debts (+€61,337)
- Intangible fixed assets -€79,787
no longer reported in 2025 (was €79,787)
- Tangible fixed assets -€47,431
down €47,431 (-5.4%), from €872,722 to €825,291
of which Land and buildings: -€58,290
- Receivables within one year +€30,440
up €30,440 (+23.2%), from €131,348 to €161,788
of which Other amounts receivable: +€26,728
- Other debts +€61,337
up €61,337 (+38.9%), from €157,519 to €218,856
- Debts after one year -€22,646
down €22,646 (-6.0%), from €379,188 to €356,542
- Other operating charges -€13,306
down €13,306 (-49.2%), from €27,053 to €13,747
- Financial charges -€6,918
down €6,918 (-29.0%), from €23,862 to €16,944
- Financial income +€5,720
up €5,720 (+64.6%), from €8,851 to €14,571
- Gross operating margin -€5,673
down €5,673 (-2.7%), from €211,457 to €205,783
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 | €1,386,158 | €1,408,914 | +€22,757 | +1.6% |
| Fixed assets | 21/28 | €1,072,509 | €945,291 | -€127,217 | -11.9% |
| Intangible fixed assets | 21 | €79,787 | - | -€79,787 | |
| Tangible fixed assets | 22/27 | €872,722 | €825,291 | -€47,431 | -5.4% |
| Land and buildings | 22 | €808,999 | €750,709 | -€58,290 | -7.2% |
| Plant, machinery and equipment | 23 | €10,826 | €7,398 | -€3,429 | -31.7% |
| Furniture and vehicles | 24 | €51,072 | €39,680 | -€11,392 | -22.3% |
| Other tangible fixed assets | 26 | €1,824 | €27,505 | +€25,680 | +1407.6% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €313,649 | €463,623 | +€149,974 | +47.8% |
| Stocks and contracts in progress | 3 | €500 | - | -€500 | |
| Stocks | 30/36 | €500 | - | -€500 | |
| Amounts receivable within one year | 40/41 | €131,348 | €161,788 | +€30,440 | +23.2% |
| Trade receivables | 40 | €648 | €4,361 | +€3,712 | +572.5% |
| Other amounts receivable | 41 | €130,700 | €157,428 | +€26,728 | +20.4% |
| Cash at bank and in hand | 54/58 | €178,008 | €296,734 | +€118,726 | +66.7% |
| Deferred charges and accrued income | 490/1 | €3,793 | €5,101 | +€1,308 | +34.5% |
| Total equity and liabilities | 10/49 | €1,386,158 | €1,408,914 | +€22,757 | +1.6% |
| Equity | 10/15 | €708,231 | €710,871 | +€2,640 | +0.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €707,132 | €709,677 | +€2,545 | +0.4% |
| Tax-exempt reserves | 132 | €346,832 | €320,077 | -€26,755 | -7.7% |
| Distributable reserves | 133 | €360,300 | €389,600 | +€29,300 | +8.1% |
| Profit (loss) carried forward | 14 | €99 | €193 | +€94 | +95.2% |
| Provisions and deferred taxes | 16 | €67,770 | €57,793 | -€9,977 | -14.7% |
| Deferred taxes | 168 | €67,770 | €57,793 | -€9,977 | -14.7% |
| Amounts payable | 17/49 | €610,156 | €640,250 | +€30,094 | +4.9% |
| Amounts payable after more than one year | 17 | €379,188 | €356,542 | -€22,646 | -6.0% |
| Financial debts | 170/4 | €379,188 | €356,542 | -€22,646 | -6.0% |
| Amounts payable within one year | 42/48 | €223,253 | €279,309 | +€56,056 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €34,665 | €31,811 | -€2,854 | -8.2% |
| Trade debts | 44 | €17,952 | €19,351 | +€1,399 | +7.8% |
| Suppliers | 440/4 | €17,952 | €19,351 | +€1,399 | +7.8% |
| Taxes, remuneration and social security | 45 | €13,118 | €9,292 | -€3,827 | -29.2% |
| Taxes | 450/3 | €13,118 | €9,292 | -€3,827 | -29.2% |
| Other amounts payable | 47/48 | €157,519 | €218,856 | +€61,337 | +38.9% |
| Accrued charges and deferred income | 492/3 | €7,715 | €4,399 | -€3,316 | -43.0% |
| Non-recurring operating income | 76A | - | €3,619 | +€3,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,103 | €54,313 | -€1,790 | -3.2% |
| Other operating charges | 640/8 | €27,053 | €13,747 | -€13,306 | -49.2% |
| Non-recurring operating charges | 66A | - | €80,793 | +€80,793 | |
| Gross operating margin | 9900 | €211,457 | €205,783 | -€5,673 | -2.7% |
| Operating profit (loss) | 9901 | €128,300 | €56,930 | -€71,370 | -55.6% |
| Financial income | 75/76B | €8,851 | €14,571 | +€5,720 | +64.6% |
| Recurring financial income | 75 | €8,851 | €14,571 | +€5,720 | +64.6% |
| Financial charges | 65/66B | €23,862 | €16,944 | -€6,918 | -29.0% |
| Recurring financial charges | 65 | €23,862 | €16,944 | -€6,918 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €113,289 | €54,558 | -€58,732 | -51.8% |
| Transfer from deferred taxes | 780 | €6,791 | €9,977 | +€3,186 | +46.9% |
| Income taxes | 67/77 | €28,628 | €28,895 | +€267 | +0.9% |
| Profit (loss) for the period | 9904 | €91,452 | €35,640 | -€55,812 | -61.0% |
| Transfer from tax-exempt reserves | 789 | €19,169 | €26,755 | +€7,586 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,621 | €62,394 | -€48,227 | -43.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.