CALIBRATION LAB: 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.
What changed
CALIBRATION LAB
NACE 46.646, Wholesale trade
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€410,943
2023 · €396,023+€14,920
Equity
€404,675
2023 · €404,032+€643
Cash
€342
2023 · €697-€355
Balance sheet total
€1.6m
2023 · €1.2m+€401,075
Largest movements
Assets
- Receivables within one year +€315,835
up €315,835 (+31.5%), from €1.0m to €1.3m
of which Other amounts receivable: +€292,797
- Tangible fixed assets +€71,511
up €71,511 (+44.0%), from €162,609 to €234,120
of which Leasing and similar rights: +€129,355
Equity and liabilities
- Trade debts +€322,708
up €322,708 (+134.6%), from €239,771 to €562,478
- Short-term financial debts -€61,396
down €61,396 (-83.9%), from €73,200 to €11,804
of which Credit institutions: -€61,575
- Debts after one year +€59,959
up €59,959 (+170.6%), from €35,138 to €95,097
- Current portion of long-term debt +€53,536
up €53,536 (+318.6%), from €16,803 to €70,338
Income statement
- Gross operating margin +€108,017
up €108,017 (+10.7%), from €1.0m to €1.1m
- Staff costs +€78,358
up €78,358 (+14.5%), from €538,696 to €617,055
From the 2023 result to the 2024 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.
Result 2023
€396,023
Gross operating margin
+€108,017
Staff costs
-€78,358
Depreciation
+€7,610
Other operating charges
-€1,238
Financial income
-€10,116
Financial charges
-€7,713
Taxes
-€3,281
Result 2024
€410,943
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€514,105
Investment
-€156,258
Financing
-€358,202
Cash 2023
€697
From operations (derived)
+€514,105
Net result for the year
+€410,943
Depreciation
+€73,007
Stocks and contracts
-€2,653
Receivables within one year
-€315,835
Deferred charges and accrued income
+€310
Trade debts
+€322,708
Tax, wage and social debts
+€11,326
Other debts
+€14,300
Investment (derived)
-€156,258
Investment in fixed assets (net)
-€156,258
Financing
-€358,202
Debts after one year
+€59,959
Current portion of long-term debt
+€53,536
Short-term financial debts
-€61,396
Contributions, distributions and other
-€410,300
Cash 2024
€342
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,215,342 | €1,616,417 | +€401,075 | +33.0% |
| Fixed assets | 21/28 | €185,154 | €268,405 | +€83,251 | +45.0% |
| Intangible fixed assets | 21 | €22,545 | €34,285 | +€11,740 | +52.1% |
| Tangible fixed assets | 22/27 | €162,609 | €234,120 | +€71,511 | +44.0% |
| Plant, machinery and equipment | 23 | €85,656 | €98,558 | +€12,902 | +15.1% |
| Furniture and vehicles | 24 | €5,350 | €6,208 | +€858 | +16.0% |
| Leasing and similar rights | 25 | - | €129,355 | +€129,355 | |
| Other tangible fixed assets | 26 | €71,603 | €0 | -€71,603 | -100.0% |
| Current assets | 29/58 | €1,030,189 | €1,348,012 | +€317,824 | +30.9% |
| Stocks and contracts in progress | 3 | €15,191 | €17,844 | +€2,653 | +17.5% |
| Stocks | 30/36 | €15,191 | €17,844 | +€2,653 | +17.5% |
| Amounts receivable within one year | 40/41 | €1,001,506 | €1,317,341 | +€315,835 | +31.5% |
| Trade receivables | 40 | €358,341 | €381,379 | +€23,038 | +6.4% |
| Other amounts receivable | 41 | €643,165 | €935,962 | +€292,797 | +45.5% |
| Cash at bank and in hand | 54/58 | €697 | €342 | -€355 | -50.9% |
| Deferred charges and accrued income | 490/1 | €12,795 | €12,485 | -€310 | -2.4% |
| Total equity and liabilities | 10/49 | €1,215,342 | €1,616,417 | +€401,075 | +33.0% |
| Equity | 10/15 | €404,032 | €404,675 | +€643 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €385,432 | €386,075 | +€643 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €385,432 | €386,075 | +€643 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €811,310 | €1,211,743 | +€400,432 | +49.4% |
| Amounts payable after more than one year | 17 | €35,138 | €95,097 | +€59,959 | +170.6% |
| Financial debts | 170/4 | €35,138 | €95,097 | +€59,959 | +170.6% |
| Amounts payable within one year | 42/48 | €776,172 | €1,116,645 | +€340,473 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €16,803 | €70,338 | +€53,536 | +318.6% |
| Financial debts | 43 | €73,200 | €11,804 | -€61,396 | -83.9% |
| Credit institutions | 430/8 | €73,200 | €11,626 | -€61,575 | -84.1% |
| Other loans | 439 | - | €178 | +€178 | |
| Trade debts | 44 | €239,771 | €562,478 | +€322,708 | +134.6% |
| Suppliers | 440/4 | €239,771 | €562,478 | +€322,708 | +134.6% |
| Taxes, remuneration and social security | 45 | €50,399 | €61,725 | +€11,326 | +22.5% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €50,399 | €61,725 | +€11,326 | +22.5% |
| Other amounts payable | 47/48 | €396,000 | €410,300 | +€14,300 | +3.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €538,696 | €617,055 | +€78,358 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,616 | €73,007 | -€7,610 | -9.4% |
| Other operating charges | 640/8 | €666 | €1,905 | +€1,238 | +185.9% |
| Gross operating margin | 9900 | €1,012,041 | €1,120,058 | +€108,017 | +10.7% |
| Operating profit (loss) | 9901 | €392,062 | €428,092 | +€36,030 | +9.2% |
| Financial income | 75/76B | €39,793 | €29,677 | -€10,116 | -25.4% |
| Recurring financial income | 75 | €39,793 | €29,677 | -€10,116 | -25.4% |
| Financial charges | 65/66B | €12,456 | €20,169 | +€7,713 | +61.9% |
| Recurring financial charges | 65 | €12,456 | €20,169 | +€7,713 | +61.9% |
| Profit (loss) for the period before taxes | 9903 | €419,399 | €437,600 | +€18,201 | +4.3% |
| Income taxes | 67/77 | €23,376 | €26,657 | +€3,281 | +14.0% |
| Profit (loss) for the period | 9904 | €396,023 | €410,943 | +€14,920 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €396,023 | €410,943 | +€14,920 | +3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.