CALELEC: 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.
CALELEC
Largest movements
- Receivables within one year +€50,067
up €50,067 (+105.2%), from €47,610 to €97,677
of which Trade receivables: +€48,375
- Tangible fixed assets -€9,670
down €9,670 (-36.1%), from €26,764 to €17,094
of which Furniture and vehicles: -€8,438
- Cash +€5,493
up €5,493 (+27.0%), from €20,337 to €25,830
mainly Advances received (+€29,758) and Trade debts (+€14,477)
- Advances received +€29,758
new in 2025: €29,758
- Trade debts +€14,477
up €14,477 (+89.2%), from €16,223 to €30,701
- Other debts +€2,571
up €2,571 (+31.3%), from €8,203 to €10,773
- Gross operating margin +€9,538
up €9,538 (+101.4%), from €9,408 to €18,945
- Financial income -€5,878
down €5,878 (-95.9%), from €6,127 to €249
of which Non-recurring financial income: -€6,029
- Financial charges +€3,640
up €3,640 (+242.8%), from €1,499 to €5,139
of which Non-recurring financial charges: +€3,603
- Depreciation -€746
down €746 (-6.1%), from €12,175 to €11,429
- Taxes +€537
up €537 (+96.6%), from €556 to €1,093
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 | €94,711 | €141,810 | +€47,099 | +49.7% |
| Fixed assets | 21/28 | €26,764 | €17,094 | -€9,670 | -36.1% |
| Tangible fixed assets | 22/27 | €26,764 | €17,094 | -€9,670 | -36.1% |
| Plant, machinery and equipment | 23 | €2,245 | €1,013 | -€1,232 | -54.9% |
| Furniture and vehicles | 24 | €24,519 | €16,081 | -€8,438 | -34.4% |
| Current assets | 29/58 | €67,947 | €124,715 | +€56,768 | +83.5% |
| Amounts receivable within one year | 40/41 | €47,610 | €97,677 | +€50,067 | +105.2% |
| Trade receivables | 40 | €28,822 | €77,197 | +€48,375 | +167.8% |
| Other amounts receivable | 41 | €18,789 | €20,480 | +€1,691 | +9.0% |
| Cash at bank and in hand | 54/58 | €20,337 | €25,830 | +€5,493 | +27.0% |
| Deferred charges and accrued income | 490/1 | - | €1,208 | +€1,208 | |
| Total equity and liabilities | 10/49 | €94,711 | €141,810 | +€47,099 | +49.7% |
| Equity | 10/15 | €68,572 | €68,865 | +€293 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €49,980 | €50,273 | +€293 | +0.6% |
| 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 | €48,120 | €48,413 | +€293 | +0.6% |
| Amounts payable | 17/49 | €26,139 | €72,945 | +€46,806 | +179.1% |
| Amounts payable after more than one year | 17 | €1,713 | €1,713 | = | 0.0% |
| Other amounts payable | 178/9 | €1,713 | €1,713 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,426 | €71,232 | +€46,806 | +191.6% |
| Trade debts | 44 | €16,223 | €30,701 | +€14,477 | +89.2% |
| Suppliers | 440/4 | €16,223 | €30,701 | +€14,477 | +89.2% |
| Advances received on contracts in progress | 46 | - | €29,758 | +€29,758 | |
| Other amounts payable | 47/48 | €8,203 | €10,773 | +€2,571 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,175 | €11,429 | -€746 | -6.1% |
| Other operating charges | 640/8 | €1,312 | €1,241 | -€71 | -5.4% |
| Gross operating margin | 9900 | €9,408 | €18,945 | +€9,538 | +101.4% |
| Operating profit (loss) | 9901 | -€4,080 | €6,275 | +€10,354 | |
| Financial income | 75/76B | €6,127 | €249 | -€5,878 | -95.9% |
| Recurring financial income | 75 | €33 | €184 | +€151 | +462.7% |
| Non-recurring financial income | 76B | €6,094 | €65 | -€6,029 | -98.9% |
| Financial charges | 65/66B | €1,499 | €5,139 | +€3,640 | +242.8% |
| Recurring financial charges | 65 | €81 | €118 | +€37 | +45.6% |
| Non-recurring financial charges | 66B | €1,418 | €5,021 | +€3,603 | +254.1% |
| Profit (loss) for the period before taxes | 9903 | €548 | €1,385 | +€837 | +152.5% |
| Income taxes | 67/77 | €556 | €1,093 | +€537 | +96.6% |
| Profit (loss) for the period | 9904 | -€7 | €293 | +€300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7 | €293 | +€300 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.