CALEFA: 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.
CALEFA
Largest movements
- Cash -€89,913
down €89,913 (-34.6%), from €260,042 to €170,128
mainly Debts after one year (-€93,500) and Accrued charges and deferred income (-€33,181)
- Stocks and contracts -€82,119
down €82,119 (-24.7%), from €331,822 to €249,703
- Receivables within one year +€18,525
up €18,525 (+126%), from €14,730 to €33,255
of which Other amounts receivable: +€9,825
- Debts after one year -€93,500
down €93,500 (-100%), from €93,500 to €0
- Accrued charges and deferred income -€33,181
down €33,181 (-96.6%), from €34,332 to €1,151
- Short-term financial debts -€31,817
down €31,817 (-15.1%), from €210,416 to €178,599
- Reserves +€29,870
up €29,870 (+26.3%), from €113,508 to €143,378
- Tax, wage and social debts -€18,656
down €18,656 (-100.0%), from €18,660 to €4
- Gross operating margin -€64,256
down €64,256 (-54.9%), from €117,101 to €52,844
- Financial charges -€18,908
down €18,908 (-62.1%), from €30,437 to €11,529
- Taxes -€8,614
down €8,614 (-46.2%), from €18,656 to €10,042
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 | €607,695 | €453,637 | -€154,057 | -25.4% |
| Fixed assets | 21/28 | €370 | €0 | -€370 | -100% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €370 | €0 | -€370 | -100% |
| Current assets | 29/58 | €607,325 | €453,637 | -€153,687 | -25.3% |
| Stocks and contracts in progress | 3 | €331,822 | €249,703 | -€82,119 | -24.7% |
| Stocks | 30/36 | €331,822 | €249,703 | -€82,119 | -24.7% |
| Amounts receivable within one year | 40/41 | €14,730 | €33,255 | +€18,525 | +126% |
| Trade receivables | 40 | €2,809 | €11,509 | +€8,700 | +310% |
| Other amounts receivable | 41 | €11,921 | €21,746 | +€9,825 | +82.4% |
| Cash at bank and in hand | 54/58 | €260,042 | €170,128 | -€89,913 | -34.6% |
| Deferred charges and accrued income | 490/1 | €731 | €551 | -€180 | -24.6% |
| Total equity and liabilities | 10/49 | €607,695 | €453,637 | -€154,057 | -25.4% |
| Equity | 10/15 | €134,058 | €163,928 | +€29,870 | +22.3% |
| Contributions | 10/11 | €20,550 | €20,550 | = | 0.0% |
| Reserves | 13 | €113,508 | €143,378 | +€29,870 | +26.3% |
| Distributable reserves | 133 | €113,508 | €143,378 | +€29,870 | +26.3% |
| Amounts payable | 17/49 | €473,637 | €289,709 | -€183,927 | -38.8% |
| Amounts payable after more than one year | 17 | €93,500 | €0 | -€93,500 | -100% |
| Financial debts | 170/4 | €93,500 | €0 | -€93,500 | -100% |
| Amounts payable within one year | 42/48 | €345,804 | €288,558 | -€57,246 | -16.6% |
| Financial debts | 43 | €210,416 | €178,599 | -€31,817 | -15.1% |
| Credit institutions | 430/8 | €210,416 | €178,599 | -€31,817 | -15.1% |
| Trade debts | 44 | €71,938 | €82,438 | +€10,499 | +14.6% |
| Suppliers | 440/4 | €71,938 | €82,438 | +€10,499 | +14.6% |
| Taxes, remuneration and social security | 45 | €18,660 | €4 | -€18,656 | -100.0% |
| Taxes | 450/3 | €18,660 | €4 | -€18,656 | -100.0% |
| Other amounts payable | 47/48 | €44,790 | €27,518 | -€17,273 | -38.6% |
| Accrued charges and deferred income | 492/3 | €34,332 | €1,151 | -€33,181 | -96.6% |
| Non-recurring operating income | 76A | €6,759 | €0 | -€6,759 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,833 | €1,403 | -€429 | -23.4% |
| Gross operating margin | 9900 | €117,101 | €52,844 | -€64,256 | -54.9% |
| Operating profit (loss) | 9901 | €115,268 | €51,441 | -€63,827 | -55.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €30,437 | €11,529 | -€18,908 | -62.1% |
| Recurring financial charges | 65 | €30,437 | €11,529 | -€18,908 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €84,831 | €39,912 | -€44,919 | -53.0% |
| Income taxes | 67/77 | €18,656 | €10,042 | -€8,614 | -46.2% |
| Profit (loss) for the period | 9904 | €66,175 | €29,870 | -€36,305 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,175 | €29,870 | -€36,305 | -54.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.