Calderonhold: 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.
Calderonhold
Largest movements
- Cash +€191,353
up €191,353 (+116%), from €164,414 to €355,767
mainly Receivables after one year (+€150,000) and Deferred charges and accrued income (+€23,482)
- Receivables after one year -€150,000
down €150,000 (-21.9%), from €685,000 to €535,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€21,941
up €21,941, from -€3,029 to €18,912
- Financial income -€4,488
down €4,488 (-16.4%), from €27,393 to €22,905
- Financial charges -€3,872
down €3,872 (-10.6%), from €36,574 to €32,703
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 | €3,238,668 | €3,260,232 | +€21,564 | +0.7% |
| Fixed assets | 21/28 | €2,207,360 | €2,207,360 | = | 0.0% |
| Tangible fixed assets | 22/27 | €27,500 | €27,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €27,500 | €27,500 | = | 0.0% |
| Financial fixed assets | 28 | €2,179,860 | €2,179,860 | = | 0.0% |
| Current assets | 29/58 | €1,031,308 | €1,052,873 | +€21,564 | +2.1% |
| Amounts receivable after more than one year | 29 | €685,000 | €535,000 | -€150,000 | -21.9% |
| Other amounts receivable | 291 | €685,000 | €535,000 | -€150,000 | -21.9% |
| Amounts receivable within one year | 40/41 | €158,292 | €161,986 | +€3,694 | +2.3% |
| Other amounts receivable | 41 | €158,292 | €161,986 | +€3,694 | +2.3% |
| Cash at bank and in hand | 54/58 | €164,414 | €355,767 | +€191,353 | +116% |
| Deferred charges and accrued income | 490/1 | €23,602 | €120 | -€23,482 | -99.5% |
| Total equity and liabilities | 10/49 | €3,238,668 | €3,260,232 | +€21,564 | +0.7% |
| Equity | 10/15 | €2,753,982 | €2,762,098 | +€8,115 | +0.3% |
| Contributions | 10/11 | €1,487,361 | €1,487,361 | = | 0.0% |
| Capital | 10 | €1,487,361 | €1,487,361 | = | 0.0% |
| Issued capital | 100 | €1,487,361 | €1,487,361 | = | 0.0% |
| Reserves | 13 | €1,266,621 | €1,274,737 | +€8,115 | +0.6% |
| Non-distributable reserves | 130/1 | €148,736 | €148,736 | = | 0.0% |
| Legal reserve | 130 | €148,736 | €148,736 | = | 0.0% |
| Distributable reserves | 133 | €1,117,885 | €1,126,001 | +€8,115 | +0.7% |
| Amounts payable | 17/49 | €484,686 | €498,135 | +€13,449 | +2.8% |
| Amounts payable within one year | 42/48 | €467,339 | €466,137 | -€1,202 | -0.3% |
| Trade debts | 44 | €333 | €582 | +€249 | +74.7% |
| Suppliers | 440/4 | €333 | €582 | +€249 | +74.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €467,005 | €465,555 | -€1,451 | -0.3% |
| Accrued charges and deferred income | 492/3 | €17,347 | €31,998 | +€14,651 | +84.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€3,029 | €18,912 | +€21,941 | |
| Operating profit (loss) | 9901 | -€3,996 | €17,913 | +€21,910 | |
| Financial income | 75/76B | €27,393 | €22,905 | -€4,488 | -16.4% |
| Recurring financial income | 75 | €27,393 | €22,905 | -€4,488 | -16.4% |
| Financial charges | 65/66B | €36,574 | €32,703 | -€3,872 | -10.6% |
| Recurring financial charges | 65 | €36,574 | €32,703 | -€3,872 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,178 | €8,115 | +€21,293 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,178 | €8,115 | +€21,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,178 | €8,115 | +€21,293 |
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 15 October 2026 via checked.be.