CALIBRU: 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.
CALIBRU
Largest movements
- Current investments -€80,000
no longer reported in 2025 (was €80,000)
- Cash +€21,728
up €21,728 (+5,927%), from €367 to €22,095
mainly Current investments (+€80,000) and Net result for the year (+€30,686)
- Tangible fixed assets -€9,865
down €9,865 (-51.4%), from €19,185 to €9,320
of which Furniture and vehicles: -€7,978
- Receivables within one year +€3,920
up €3,920 (+29.8%), from €13,175 to €17,095
of which Other amounts receivable: +€4,830
- Reserves -€77,314
down €77,314 (-81.1%), from €95,342 to €18,027
- Tax, wage and social debts +€15,387
up €15,387 (+143%), from €10,747 to €26,133
of which Taxes: +€13,533
- Current portion of long-term debt -€2,181
down €2,181 (-66.3%), from €3,289 to €1,109
- Trade debts +€1,169
up €1,169 (+939%), from €124 to €1,293
- Gross operating margin -€21,900
down €21,900 (-31.0%), from €70,727 to €48,827
- Taxes -€8,992
down €8,992 (-53.0%), from €16,955 to €7,963
- Depreciation +€1,116
up €1,116 (+12.8%), from €8,749 to €9,865
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 | €113,149 | €48,887 | -€64,263 | -56.8% |
| Fixed assets | 21/28 | €19,185 | €9,320 | -€9,865 | -51.4% |
| Tangible fixed assets | 22/27 | €19,185 | €9,320 | -€9,865 | -51.4% |
| Plant, machinery and equipment | 23 | €5,660 | €3,773 | -€1,887 | -33.3% |
| Furniture and vehicles | 24 | €13,525 | €5,547 | -€7,978 | -59.0% |
| Current assets | 29/58 | €93,964 | €39,567 | -€54,398 | -57.9% |
| Amounts receivable within one year | 40/41 | €13,175 | €17,095 | +€3,920 | +29.8% |
| Trade receivables | 40 | €13,150 | €12,240 | -€910 | -6.9% |
| Other amounts receivable | 41 | €25 | €4,855 | +€4,830 | +19,390% |
| Current investments | 50/53 | €80,000 | - | -€80,000 | |
| Cash at bank and in hand | 54/58 | €367 | €22,095 | +€21,728 | +5,927% |
| Deferred charges and accrued income | 490/1 | €423 | €377 | -€46 | -10.8% |
| Total equity and liabilities | 10/49 | €113,149 | €48,887 | -€64,263 | -56.8% |
| Equity | 10/15 | €97,342 | €20,027 | -€77,314 | -79.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,342 | €18,027 | -€77,314 | -81.1% |
| Distributable reserves | 133 | €95,342 | €18,027 | -€77,314 | -81.1% |
| Amounts payable | 17/49 | €15,808 | €28,859 | +€13,052 | +82.6% |
| Amounts payable after more than one year | 17 | €1,109 | - | -€1,109 | |
| Financial debts | 170/4 | €1,109 | - | -€1,109 | |
| Amounts payable within one year | 42/48 | €14,699 | €28,859 | +€14,160 | +96.3% |
| Current portion of amounts payable after more than one year | 42 | €3,289 | €1,109 | -€2,181 | -66.3% |
| Trade debts | 44 | €124 | €1,293 | +€1,169 | +939% |
| Suppliers | 440/4 | €124 | €1,293 | +€1,169 | +939% |
| Taxes, remuneration and social security | 45 | €10,747 | €26,133 | +€15,387 | +143% |
| Taxes | 450/3 | €9,461 | €22,994 | +€13,533 | +143% |
| Remuneration and social security | 454/9 | €1,286 | €3,139 | +€1,853 | +144% |
| Other amounts payable | 47/48 | €539 | €324 | -€214 | -39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,749 | €9,865 | +€1,116 | +12.8% |
| Other operating charges | 640/8 | €672 | €693 | +€21 | +3.2% |
| Gross operating margin | 9900 | €70,727 | €48,827 | -€21,900 | -31.0% |
| Operating profit (loss) | 9901 | €61,306 | €38,269 | -€23,038 | -37.6% |
| Financial income | 75/76B | €943 | €661 | -€282 | -29.9% |
| Recurring financial income | 75 | €943 | €661 | -€282 | -29.9% |
| Financial charges | 65/66B | €348 | €281 | -€67 | -19.3% |
| Recurring financial charges | 65 | €348 | €281 | -€67 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €61,901 | €38,649 | -€23,252 | -37.6% |
| Income taxes | 67/77 | €16,955 | €7,963 | -€8,992 | -53.0% |
| Profit (loss) for the period | 9904 | €44,946 | €30,686 | -€14,260 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,946 | €30,686 | -€14,260 | -31.7% |
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 16 October 2026 via checked.be.