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.
CALICO
Largest movements
- Cash -€152,767
down €152,767 (-90.1%), from €169,608 to €16,841
mainly Other debts (-€325,007) and Investment in fixed assets (net) (-€43,278)
- Tangible fixed assets +€38,232
up €38,232 (+977%), from €3,912 to €42,143
of which Furniture and vehicles: +€39,982
- Receivables within one year -€26,393
down €26,393 (-3.7%), from €716,794 to €690,401
of which Trade receivables: -€30,209
- Intangible fixed assets -€25,000
down €25,000 (-14.3%), from €175,000 to €150,000
- Other debts -€325,007
down €325,007 (-67.3%), from €482,909 to €157,902
- Trade debts +€99,234
up €99,234 (+25.9%), from €382,530 to €481,764
- Debts after one year +€52,598
up €52,598 (+70.1%), from €75,000 to €127,598
- Profit (loss) carried forward +€37,725
up €37,725 (+157%), from €24,028 to €61,754
- Current portion of long-term debt -€31,626
down €31,626 (-58.3%), from €54,258 to €22,632
- Financial charges -€166,270
down €166,270 (-96.8%), from €171,721 to €5,451
of which Non-recurring financial charges: -€166,697
- Gross operating margin -€43,295
down €43,295 (-22.5%), from €192,715 to €149,420
- Staff costs +€35,323
new in 2025: €35,323
- Taxes +€16,850
up €16,850 (+82.6%), from €20,402 to €37,252
- Depreciation +€2,885
up €2,885 (+10.6%), from €27,161 to €30,046
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 | €1,067,252 | €902,406 | -€164,846 | -15.4% |
| Fixed assets | 21/28 | €178,912 | €192,143 | +€13,232 | +7.4% |
| Intangible fixed assets | 21 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Tangible fixed assets | 22/27 | €3,912 | €42,143 | +€38,232 | +977% |
| Furniture and vehicles | 24 | €410 | €40,393 | +€39,982 | +9,747% |
| Other tangible fixed assets | 26 | €3,502 | €1,751 | -€1,751 | -50.0% |
| Current assets | 29/58 | €888,340 | €710,262 | -€178,078 | -20.0% |
| Amounts receivable within one year | 40/41 | €716,794 | €690,401 | -€26,393 | -3.7% |
| Trade receivables | 40 | €693,184 | €662,975 | -€30,209 | -4.4% |
| Other amounts receivable | 41 | €23,610 | €27,427 | +€3,816 | +16.2% |
| Cash at bank and in hand | 54/58 | €169,608 | €16,841 | -€152,767 | -90.1% |
| Deferred charges and accrued income | 490/1 | €1,938 | €3,020 | +€1,082 | +55.8% |
| Total equity and liabilities | 10/49 | €1,067,252 | €902,406 | -€164,846 | -15.4% |
| Equity | 10/15 | €33,718 | €83,836 | +€50,117 | +149% |
| Contributions | 10/11 | €6,200 | €18,592 | +€12,392 | +200% |
| Contributions outside capital | 11 | €6,200 | €18,592 | +€12,392 | +200% |
| Other | 1109/19 | €6,200 | €18,592 | +€12,392 | +200% |
| Reserves | 13 | €3,490 | €3,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,490 | €3,490 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,630 | €1,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,028 | €61,754 | +€37,725 | +157% |
| Amounts payable | 17/49 | €1,033,534 | €818,570 | -€214,964 | -20.8% |
| Amounts payable after more than one year | 17 | €75,000 | €127,598 | +€52,598 | +70.1% |
| Financial debts | 170/4 | €75,000 | €127,598 | +€52,598 | +70.1% |
| Amounts payable within one year | 42/48 | €954,891 | €685,499 | -€269,392 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €54,258 | €22,632 | -€31,626 | -58.3% |
| Trade debts | 44 | €382,530 | €481,764 | +€99,234 | +25.9% |
| Suppliers | 440/4 | €382,530 | €481,764 | +€99,234 | +25.9% |
| Taxes, remuneration and social security | 45 | €35,194 | €23,201 | -€11,992 | -34.1% |
| Taxes | 450/3 | €35,194 | €20,027 | -€15,166 | -43.1% |
| Remuneration and social security | 454/9 | - | €3,174 | +€3,174 | |
| Other amounts payable | 47/48 | €482,909 | €157,902 | -€325,007 | -67.3% |
| Accrued charges and deferred income | 492/3 | €3,643 | €5,473 | +€1,830 | +50.2% |
| Remuneration, social security and pensions | 62 | - | €35,323 | +€35,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,161 | €30,046 | +€2,885 | +10.6% |
| Other operating charges | 640/8 | €2,166 | €1,143 | -€1,023 | -47.2% |
| Non-recurring operating charges | 66A | €22 | €2,704 | +€2,681 | +11,992% |
| Gross operating margin | 9900 | €192,715 | €149,420 | -€43,295 | -22.5% |
| Operating profit (loss) | 9901 | €163,366 | €80,205 | -€83,162 | -50.9% |
| Financial income | 75/76B | - | €223 | +€223 | |
| Recurring financial income | 75 | - | €223 | +€223 | |
| Financial charges | 65/66B | €171,721 | €5,451 | -€166,270 | -96.8% |
| Recurring financial charges | 65 | €5,024 | €5,451 | +€427 | +8.5% |
| Non-recurring financial charges | 66B | €166,697 | - | -€166,697 | |
| Profit (loss) for the period before taxes | 9903 | -€8,355 | €74,977 | +€83,332 | |
| Income taxes | 67/77 | €20,402 | €37,252 | +€16,850 | +82.6% |
| Profit (loss) for the period | 9904 | -€28,756 | €37,725 | +€66,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,756 | €37,725 | +€66,482 |
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 23 October 2026 via checked.be.