Calico: 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.
What changed
Calico
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,131
2024 · €18,171-€11,040
Equity
€363,588
2024 · €356,457+€7,131
Cash
€6,116
2024 · €1,329+€4,787
Balance sheet total
€552,344
2024 · €557,817-€5,473
Largest movements
Assets
- Tangible fixed assets -€15,494
down €15,494 (-3.0%), from €524,781 to €509,287
of which Land and buildings: -€14,698
Equity and liabilities
- Debts after one year -€12,369
down €12,369 (-9.5%), from €130,202 to €117,833
- Reserves +€7,131
up €7,131 (+2.1%), from €337,907 to €345,038
of which Distributable reserves: +€12,388
Income statement
- Gross operating margin -€7,449
down €7,449 (-19.2%), from €38,718 to €31,269
- Depreciation +€652
up €652 (+4.4%), from €14,842 to €15,494
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.
Result 2024
€18,171
Gross operating margin
-€7,449
Depreciation
-€652
Other operating charges
+€7
Financial income
+€178
Financial charges
+€363
Taxes
-€367
Deferred taxes and other
-€3,120
Result 2025
€7,131
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16,881
Investment
€0
Financing
-€12,094
Cash 2024
€1,329
From operations (derived)
+€16,881
Net result for the year
+€7,131
Depreciation
+€15,494
Receivables within one year
-€3,965
Deferred charges and accrued income
-€1,269
Provisions
-€1,752
Trade debts
+€253
Tax, wage and social debts
+€3,133
Other debts
-€2,145
Financing
-€12,094
Debts after one year
-€12,369
Current portion of long-term debt
+€274
Cash 2025
€6,116
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €557,817 | €552,344 | -€5,473 | -1.0% |
| Fixed assets | 21/28 | €524,781 | €509,287 | -€15,494 | -3.0% |
| Tangible fixed assets | 22/27 | €524,781 | €509,287 | -€15,494 | -3.0% |
| Land and buildings | 22 | €523,274 | €508,576 | -€14,698 | -2.8% |
| Furniture and vehicles | 24 | €1,506 | €710 | -€796 | -52.8% |
| Current assets | 29/58 | €33,037 | €43,057 | +€10,021 | +30.3% |
| Amounts receivable within one year | 40/41 | €30,857 | €34,822 | +€3,965 | +12.8% |
| Trade receivables | 40 | €17,570 | €17,570 | = | 0.0% |
| Other amounts receivable | 41 | €13,287 | €17,252 | +€3,965 | +29.8% |
| Cash at bank and in hand | 54/58 | €1,329 | €6,116 | +€4,787 | +360% |
| Deferred charges and accrued income | 490/1 | €850 | €2,119 | +€1,269 | +149% |
| Total equity and liabilities | 10/49 | €557,817 | €552,344 | -€5,473 | -1.0% |
| Equity | 10/15 | €356,457 | €363,588 | +€7,131 | +2.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €337,907 | €345,038 | +€7,131 | +2.1% |
| Tax-exempt reserves | 132 | €157,122 | €151,866 | -€5,257 | -3.3% |
| Distributable reserves | 133 | €180,784 | €193,172 | +€12,388 | +6.9% |
| Provisions and deferred taxes | 16 | €52,374 | €50,622 | -€1,752 | -3.3% |
| Deferred taxes | 168 | €52,374 | €50,622 | -€1,752 | -3.3% |
| Amounts payable | 17/49 | €148,986 | €138,134 | -€10,852 | -7.3% |
| Amounts payable after more than one year | 17 | €130,202 | €117,833 | -€12,369 | -9.5% |
| Financial debts | 170/4 | €130,202 | €117,833 | -€12,369 | -9.5% |
| Amounts payable within one year | 42/48 | €18,785 | €20,301 | +€1,516 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €12,094 | €12,369 | +€274 | +2.3% |
| Trade debts | 44 | €142 | €396 | +€253 | +178% |
| Suppliers | 440/4 | €142 | €396 | +€253 | +178% |
| Taxes, remuneration and social security | 45 | €4,375 | €7,509 | +€3,133 | +71.6% |
| Taxes | 450/3 | €4,375 | €7,509 | +€3,133 | +71.6% |
| Other amounts payable | 47/48 | €2,173 | €28 | -€2,145 | -98.7% |
| Non-recurring operating income | 76A | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,842 | €15,494 | +€652 | +4.4% |
| Other operating charges | 640/8 | €4,245 | €4,238 | -€7 | -0.2% |
| Gross operating margin | 9900 | €38,718 | €31,269 | -€7,449 | -19.2% |
| Operating profit (loss) | 9901 | €19,631 | €11,537 | -€8,094 | -41.2% |
| Financial income | 75/76B | €648 | €827 | +€178 | +27.5% |
| Recurring financial income | 75 | €648 | €827 | +€178 | +27.5% |
| Financial charges | 65/66B | €3,542 | €3,179 | -€363 | -10.3% |
| Recurring financial charges | 65 | €3,542 | €3,179 | -€363 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €16,737 | €9,185 | -€7,552 | -45.1% |
| Transfer from deferred taxes | 780 | €4,873 | €1,752 | -€3,120 | -64.0% |
| Income taxes | 67/77 | €3,439 | €3,806 | +€367 | +10.7% |
| Profit (loss) for the period | 9904 | €18,171 | €7,131 | -€11,040 | -60.8% |
| Transfer from tax-exempt reserves | 789 | €14,618 | €5,257 | -€9,361 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,789 | €12,388 | -€20,401 | -62.2% |
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 19 October 2026 via checked.be.