CALEX: 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.
CALEX
Largest movements
- Tangible fixed assets -€12,428
down €12,428 (-6.3%), from €196,767 to €184,339
of which Land and buildings: -€7,959
- Other debts +€52,589
up €52,589 (+15,357%), from €342 to €52,931
- Debts after one year -€43,380
down €43,380 (-54.6%), from €79,448 to €36,068
- Reserves -€20,292
down €20,292 (-22.7%), from €89,352 to €69,060
- Trade debts -€8,069
down €8,069 (-82.1%), from €9,826 to €1,757
- Tax, wage and social debts +€6,604
up €6,604 (+71.2%), from €9,280 to €15,884
- Gross operating margin +€16,670
up €16,670 (+28.5%), from €58,580 to €75,250
- Taxes +€2,832
up €2,832 (+44.3%), from €6,390 to €9,222
- Depreciation +€1,804
up €1,804 (+6.4%), from €28,335 to €30,139
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 | €235,716 | €224,079 | -€11,637 | -4.9% |
| Fixed assets | 21/28 | €196,767 | €184,339 | -€12,428 | -6.3% |
| Tangible fixed assets | 22/27 | €196,767 | €184,339 | -€12,428 | -6.3% |
| Land and buildings | 22 | €137,934 | €129,974 | -€7,959 | -5.8% |
| Plant, machinery and equipment | 23 | €4,092 | €2,542 | -€1,550 | -37.9% |
| Furniture and vehicles | 24 | €54,741 | €51,822 | -€2,919 | -5.3% |
| Current assets | 29/58 | €38,949 | €39,740 | +€791 | +2.0% |
| Amounts receivable within one year | 40/41 | €17,051 | €16,595 | -€456 | -2.7% |
| Trade receivables | 40 | €2,051 | €0 | -€2,051 | -100% |
| Other amounts receivable | 41 | €15,000 | €16,595 | +€1,595 | +10.6% |
| Cash at bank and in hand | 54/58 | €21,533 | €22,785 | +€1,252 | +5.8% |
| Deferred charges and accrued income | 490/1 | €365 | €360 | -€5 | -1.4% |
| Total equity and liabilities | 10/49 | €235,716 | €224,079 | -€11,637 | -4.9% |
| Equity | 10/15 | €94,352 | €74,060 | -€20,292 | -21.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,352 | €69,060 | -€20,292 | -22.7% |
| Distributable reserves | 133 | €89,352 | €69,060 | -€20,292 | -22.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €141,364 | €150,019 | +€8,655 | +6.1% |
| Amounts payable after more than one year | 17 | €79,448 | €36,068 | -€43,380 | -54.6% |
| Financial debts | 170/4 | €79,448 | €36,068 | -€43,380 | -54.6% |
| Amounts payable within one year | 42/48 | €61,917 | €113,952 | +€52,035 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €42,468 | €43,380 | +€912 | +2.1% |
| Trade debts | 44 | €9,826 | €1,757 | -€8,069 | -82.1% |
| Suppliers | 440/4 | €9,826 | €1,757 | -€8,069 | -82.1% |
| Taxes, remuneration and social security | 45 | €9,280 | €15,884 | +€6,604 | +71.2% |
| Taxes | 450/3 | €9,280 | €15,884 | +€6,604 | +71.2% |
| Other amounts payable | 47/48 | €342 | €52,931 | +€52,589 | +15,357% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,335 | €30,139 | +€1,804 | +6.4% |
| Other operating charges | 640/8 | €1,093 | €1,556 | +€464 | +42.5% |
| Gross operating margin | 9900 | €58,580 | €75,250 | +€16,670 | +28.5% |
| Operating profit (loss) | 9901 | €29,153 | €43,555 | +€14,402 | +49.4% |
| Financial income | 75/76B | €607 | €655 | +€48 | +7.9% |
| Recurring financial income | 75 | €607 | €655 | +€48 | +7.9% |
| Financial charges | 65/66B | €3,077 | €2,349 | -€728 | -23.7% |
| Recurring financial charges | 65 | €3,077 | €2,349 | -€728 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €26,682 | €41,861 | +€15,178 | +56.9% |
| Income taxes | 67/77 | €6,390 | €9,222 | +€2,832 | +44.3% |
| Profit (loss) for the period | 9904 | €20,292 | €32,639 | +€12,347 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,292 | €32,639 | +€12,347 | +60.8% |
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.