CALEWAERT: 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.
CALEWAERT
Largest movements
- Tangible fixed assets +€56,199
up €56,199 (+762%), from €7,376 to €63,575
of which Furniture and vehicles: +€51,700
- Receivables within one year -€16,484
down €16,484 (-32.0%), from €51,526 to €35,042
- Cash +€13,353
up €13,353 (+2.0%), from €651,986 to €665,339
mainly Net result for the year (+€131,497) and Receivables within one year (+€16,484)
- Reserves +€68,548
up €68,548 (+11.5%), from €594,757 to €663,305
- Other debts -€24,395
down €24,395 (-31.6%), from €77,300 to €52,905
- Tax, wage and social debts +€9,604
up €9,604 (+61.4%), from €15,651 to €25,254
of which Taxes: +€9,604
- Financial charges +€48,158
up €48,158 (+16,119%), from €299 to €48,457
- Taxes -€25,863
down €25,863 (-30.6%), from €84,461 to €58,599
- Financial income -€20,100
down €20,100 (-98.2%), from €20,467 to €366
- Gross operating margin -€10,780
down €10,780 (-4.1%), from €260,015 to €249,235
- Depreciation +€3,153
up €3,153 (+53.1%), from €5,942 to €9,094
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 | €711,310 | €764,897 | +€53,587 | +7.5% |
| Fixed assets | 21/28 | €7,376 | €63,575 | +€56,199 | +762% |
| Tangible fixed assets | 22/27 | €7,376 | €63,575 | +€56,199 | +762% |
| Plant, machinery and equipment | 23 | €1,359 | €5,857 | +€4,499 | +331% |
| Furniture and vehicles | 24 | €6,017 | €57,718 | +€51,700 | +859% |
| Current assets | 29/58 | €703,934 | €701,322 | -€2,612 | -0.4% |
| Amounts receivable within one year | 40/41 | €51,526 | €35,042 | -€16,484 | -32.0% |
| Trade receivables | 40 | €51,526 | €35,042 | -€16,484 | -32.0% |
| Cash at bank and in hand | 54/58 | €651,986 | €665,339 | +€13,353 | +2.0% |
| Deferred charges and accrued income | 490/1 | €422 | €942 | +€519 | +123% |
| Total equity and liabilities | 10/49 | €711,310 | €764,897 | +€53,587 | +7.5% |
| Equity | 10/15 | €613,757 | €682,305 | +€68,548 | +11.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €594,757 | €663,305 | +€68,548 | +11.5% |
| Distributable reserves | 133 | €594,757 | €663,305 | +€68,548 | +11.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €97,553 | €82,592 | -€14,961 | -15.3% |
| Amounts payable within one year | 42/48 | €97,553 | €82,592 | -€14,961 | -15.3% |
| Trade debts | 44 | €4,602 | €4,433 | -€170 | -3.7% |
| Suppliers | 440/4 | €4,602 | €4,433 | -€170 | -3.7% |
| Taxes, remuneration and social security | 45 | €15,651 | €25,254 | +€9,604 | +61.4% |
| Taxes | 450/3 | €12,765 | €22,368 | +€9,604 | +75.2% |
| Remuneration and social security | 454/9 | €2,886 | €2,886 | = | 0.0% |
| Other amounts payable | 47/48 | €77,300 | €52,905 | -€24,395 | -31.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | €9,094 | +€3,153 | +53.1% |
| Other operating charges | 640/8 | €1,213 | €1,954 | +€741 | +61.1% |
| Gross operating margin | 9900 | €260,015 | €249,235 | -€10,780 | -4.1% |
| Operating profit (loss) | 9901 | €252,861 | €238,186 | -€14,674 | -5.8% |
| Financial income | 75/76B | €20,467 | €366 | -€20,100 | -98.2% |
| Recurring financial income | 75 | €20,467 | €366 | -€20,100 | -98.2% |
| Financial charges | 65/66B | €299 | €48,457 | +€48,158 | +16,119% |
| Recurring financial charges | 65 | €299 | €48,457 | +€48,158 | +16,119% |
| Profit (loss) for the period before taxes | 9903 | €273,028 | €190,096 | -€82,933 | -30.4% |
| Income taxes | 67/77 | €84,461 | €58,599 | -€25,863 | -30.6% |
| Profit (loss) for the period | 9904 | €188,567 | €131,497 | -€57,070 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €188,567 | €131,497 | -€57,070 | -30.3% |
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 13 October 2026 via checked.be.