CALIBER: 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.
CALIBER
Largest movements
- Receivables within one year -€636,661
down €636,661 (-79.0%), from €806,275 to €169,615
of which Other amounts receivable: -€626,000
- Cash +€84,962
up €84,962 (+13.6%), from €623,869 to €708,831
mainly Receivables within one year (+€636,661) and Trade debts (+€31,921)
- Stocks and contracts -€27,901
down €27,901 (-9.5%), from €294,725 to €266,824
- Reserves -€390,626
down €390,626 (-57.3%), from €681,941 to €291,315
of which Distributable reserves: -€390,626
- Other debts -€247,566
no longer reported in 2025 (was €247,566)
- Trade debts +€31,921
new in 2025: €31,921
- Write-downs -€76,479
down €76,479 (-85.2%), from €89,778 to €13,299
- Gross operating margin -€61,342
down €61,342 (-17.5%), from €350,009 to €288,667
- Financial income -€36,930
down €36,930 (-98.1%), from €37,642 to €712
- Staff costs +€27,217
up €27,217 (+16.2%), from €168,018 to €195,235
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 | €1,784,958 | €1,190,210 | -€594,748 | -33.3% |
| Fixed assets | 21/28 | €60,088 | €44,940 | -€15,148 | -25.2% |
| Tangible fixed assets | 22/27 | €59,920 | €44,772 | -€15,148 | -25.3% |
| Land and buildings | 22 | €39,218 | €30,819 | -€8,399 | -21.4% |
| Plant, machinery and equipment | 23 | €18,793 | €12,055 | -€6,738 | -35.9% |
| Furniture and vehicles | 24 | €1,909 | €1,897 | -€12 | -0.6% |
| Financial fixed assets | 28 | €168 | €168 | = | 0.0% |
| Current assets | 29/58 | €1,724,870 | €1,145,270 | -€579,599 | -33.6% |
| Stocks and contracts in progress | 3 | €294,725 | €266,824 | -€27,901 | -9.5% |
| Stocks | 30/36 | €294,725 | €266,824 | -€27,901 | -9.5% |
| Amounts receivable within one year | 40/41 | €806,275 | €169,615 | -€636,661 | -79.0% |
| Trade receivables | 40 | €141,579 | €130,918 | -€10,661 | -7.5% |
| Other amounts receivable | 41 | €664,696 | €38,696 | -€626,000 | -94.2% |
| Cash at bank and in hand | 54/58 | €623,869 | €708,831 | +€84,962 | +13.6% |
| Total equity and liabilities | 10/49 | €1,784,958 | €1,190,210 | -€594,748 | -33.3% |
| Equity | 10/15 | €1,329,821 | €939,195 | -€390,626 | -29.4% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Reserves | 13 | €681,941 | €291,315 | -€390,626 | -57.3% |
| Non-distributable reserves | 130/1 | €28,860 | €28,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,860 | €28,860 | = | 0.0% |
| Distributable reserves | 133 | €653,081 | €262,455 | -€390,626 | -59.8% |
| Profit (loss) carried forward | 14 | €359,280 | €359,280 | = | 0.0% |
| Amounts payable | 17/49 | €455,137 | €251,015 | -€204,122 | -44.8% |
| Amounts payable within one year | 42/48 | €324,353 | €120,231 | -€204,122 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | - | €31,921 | +€31,921 | |
| Suppliers | 440/4 | - | €31,921 | +€31,921 | |
| Taxes, remuneration and social security | 45 | €56,787 | €68,310 | +€11,522 | +20.3% |
| Taxes | 450/3 | €39,362 | €57,852 | +€18,490 | +47.0% |
| Remuneration and social security | 454/9 | €17,425 | €10,457 | -€6,967 | -40.0% |
| Other amounts payable | 47/48 | €247,566 | - | -€247,566 | |
| Accrued charges and deferred income | 492/3 | €130,784 | €130,784 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €168,018 | €195,235 | +€27,217 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,538 | €16,234 | -€304 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €89,778 | €13,299 | -€76,479 | -85.2% |
| Other operating charges | 640/8 | €10,532 | €9,856 | -€677 | -6.4% |
| Gross operating margin | 9900 | €350,009 | €288,667 | -€61,342 | -17.5% |
| Operating profit (loss) | 9901 | €65,143 | €54,044 | -€11,099 | -17.0% |
| Financial income | 75/76B | €37,642 | €712 | -€36,930 | -98.1% |
| Recurring financial income | 75 | €37,642 | €712 | -€36,930 | -98.1% |
| Financial charges | 65/66B | €2,314 | €4,157 | +€1,843 | +79.7% |
| Recurring financial charges | 65 | €2,314 | €2,597 | +€284 | +12.3% |
| Non-recurring financial charges | 66B | - | €1,560 | +€1,560 | |
| Profit (loss) for the period before taxes | 9903 | €100,471 | €50,599 | -€49,872 | -49.6% |
| Income taxes | 67/77 | €21,845 | €25,128 | +€3,283 | +15.0% |
| Profit (loss) for the period | 9904 | €78,626 | €25,470 | -€53,155 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,626 | €25,470 | -€53,155 | -67.6% |
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 8 October 2026 via checked.be.