CALIFARD: 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.
CALIFARD
Largest movements
- Tangible fixed assets -€143,358
down €143,358 (-3.3%), from €4.4m to €4.3m
of which Land and buildings: -€106,137
- Current investments +€85,000
new in 2025: €85,000
- Cash -€65,115
down €65,115 (-83.9%), from €77,646 to €12,531
mainly Debts after one year (-€100,000) and Net result for the year (-€89,791)
- Debts after one year -€100,000
down €100,000 (-84.8%), from €117,860 to €17,860
of which Financial debts: -€100,000
- Reserves -€89,791
down €89,791 (-9.1%), from €990,873 to €901,081
of which Distributable reserves: -€82,839
- Other debts +€54,526
up €54,526 (+2.5%), from €2.1m to €2.2m
- Financial charges +€18,984
up €18,984 (+16.1%), from €117,824 to €136,809
- Gross operating margin -€15,976
down €15,976 (-6.3%), from €254,390 to €238,414
- Depreciation -€8,779
down €8,779 (-4.6%), from €190,361 to €181,582
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 | €4,496,896 | €4,373,658 | -€123,238 | -2.7% |
| Fixed assets | 21/28 | €4,404,004 | €4,260,646 | -€143,358 | -3.3% |
| Tangible fixed assets | 22/27 | €4,403,754 | €4,260,396 | -€143,358 | -3.3% |
| Land and buildings | 22 | €4,259,099 | €4,152,962 | -€106,137 | -2.5% |
| Plant, machinery and equipment | 23 | €7,206 | €9,104 | +€1,898 | +26.3% |
| Furniture and vehicles | 24 | €137,449 | €98,330 | -€39,119 | -28.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €92,892 | €113,012 | +€20,120 | +21.7% |
| Amounts receivable within one year | 40/41 | €8,309 | €8,917 | +€608 | +7.3% |
| Trade receivables | 40 | €8,309 | €8,522 | +€213 | +2.6% |
| Other amounts receivable | 41 | €0 | €395 | +€395 | |
| Current investments | 50/53 | - | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €77,646 | €12,531 | -€65,115 | -83.9% |
| Deferred charges and accrued income | 490/1 | €6,937 | €6,564 | -€373 | -5.4% |
| Total equity and liabilities | 10/49 | €4,496,896 | €4,373,658 | -€123,238 | -2.7% |
| Equity | 10/15 | €2,078,904 | €1,989,113 | -€89,791 | -4.3% |
| Contributions | 10/11 | €1,000,532 | €1,000,532 | = | 0.0% |
| Contributions outside capital | 11 | €1,000,532 | €1,000,532 | = | 0.0% |
| Other | 1109/19 | €1,000,532 | €1,000,532 | = | 0.0% |
| Reserves | 13 | €990,873 | €901,081 | -€89,791 | -9.1% |
| Non-distributable reserves | 130/1 | €50,222 | €50,222 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,222 | €50,222 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,103 | €53,151 | -€6,953 | -11.6% |
| Distributable reserves | 133 | €880,548 | €797,709 | -€82,839 | -9.4% |
| Investment grants | 15 | €87,500 | €87,500 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,034 | €17,717 | -€2,318 | -11.6% |
| Deferred taxes | 168 | €20,034 | €17,717 | -€2,318 | -11.6% |
| Amounts payable | 17/49 | €2,397,958 | €2,366,828 | -€31,129 | -1.3% |
| Amounts payable after more than one year | 17 | €117,860 | €17,860 | -€100,000 | -84.8% |
| Financial debts | 170/4 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts payable | 178/9 | €17,860 | €17,860 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,162,960 | €2,212,232 | +€49,272 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €615 | €195 | -€421 | -68.4% |
| Credit institutions | 430/8 | €615 | €195 | -€421 | -68.4% |
| Trade debts | 44 | €13,422 | €9,280 | -€4,142 | -30.9% |
| Suppliers | 440/4 | €13,422 | €9,280 | -€4,142 | -30.9% |
| Taxes, remuneration and social security | 45 | €691 | €0 | -€691 | -100.0% |
| Taxes | 450/3 | €691 | €0 | -€691 | -100.0% |
| Other amounts payable | 47/48 | €2,148,232 | €2,202,757 | +€54,526 | +2.5% |
| Accrued charges and deferred income | 492/3 | €117,138 | €136,736 | +€19,598 | +16.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,361 | €181,582 | -€8,779 | -4.6% |
| Other operating charges | 640/8 | €11,948 | €11,872 | -€75 | -0.6% |
| Non-recurring operating charges | 66A | €64,583 | €0 | -€64,583 | -100.0% |
| Gross operating margin | 9900 | €254,390 | €238,414 | -€15,976 | -6.3% |
| Operating profit (loss) | 9901 | -€12,503 | €44,959 | +€57,461 | |
| Financial income | 75/76B | €0 | €346 | +€346 | |
| Recurring financial income | 75 | €0 | €346 | +€346 | |
| Financial charges | 65/66B | €117,824 | €136,809 | +€18,984 | +16.1% |
| Recurring financial charges | 65 | €117,824 | €136,809 | +€18,984 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€130,327 | -€91,504 | +€38,823 | +29.8% |
| Transfer from deferred taxes | 780 | €2,318 | €2,318 | = | 0.0% |
| Income taxes | 67/77 | €691 | €605 | -€85 | -12.4% |
| Profit (loss) for the period | 9904 | -€128,700 | -€89,791 | +€38,909 | +30.2% |
| Transfer from tax-exempt reserves | 789 | €6,953 | €6,953 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,748 | -€82,839 | +€38,909 | +32.0% |
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 10 October 2026 via checked.be.