CALIGA: 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.
CALIGA
Largest movements
- Receivables within one year +€83,834
up €83,834 (+985%), from €8,509 to €92,343
of which Trade receivables: +€76,366
- Deferred charges and accrued income -€22,220
down €22,220 (-98.2%), from €22,623 to €403
- Cash +€12,884
up €12,884 (+15.7%), from €81,836 to €94,720
mainly Net result for the year (+€493,562) and Tax, wage and social debts (+€50,173)
- Reserves +€85,000
up €85,000 (+83.4%), from €101,860 to €186,860
of which Distributable reserves: +€85,000
- Tax, wage and social debts +€50,173
up €50,173 (+131%), from €38,192 to €88,365
of which Taxes: +€49,813
- Other debts -€32,055
down €32,055 (-53.9%), from €59,500 to €27,445
- Current portion of long-term debt -€16,190
down €16,190 (-64.6%), from €25,049 to €8,859
- Provisions -€10,886
down €10,886 (-16.8%), from €64,766 to €53,881
- Financial income +€420,004
new in 2025: €420,004
- Provisions -€67,450
down €67,450, from €56,564 to -€10,886
- Gross operating margin +€50,870
up €50,870 (+24.8%), from €205,379 to €256,249
- Financial charges +€42,931
up €42,931 (+113%), from €37,841 to €80,772
- Staff costs +€35,049
up €35,049 (+58.5%), from €59,944 to €94,993
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 | €343,742 | €417,869 | +€74,127 | +21.6% |
| Fixed assets | 21/28 | €230,775 | €230,404 | -€371 | -0.2% |
| Tangible fixed assets | 22/27 | €775 | €404 | -€371 | -47.9% |
| Furniture and vehicles | 24 | €775 | €404 | -€371 | -47.9% |
| Financial fixed assets | 28 | €230,000 | €230,000 | = | 0.0% |
| Current assets | 29/58 | €112,967 | €187,465 | +€74,498 | +65.9% |
| Amounts receivable within one year | 40/41 | €8,509 | €92,343 | +€83,834 | +985% |
| Trade receivables | 40 | - | €76,366 | +€76,366 | |
| Other amounts receivable | 41 | €8,509 | €15,977 | +€7,469 | +87.8% |
| Cash at bank and in hand | 54/58 | €81,836 | €94,720 | +€12,884 | +15.7% |
| Deferred charges and accrued income | 490/1 | €22,623 | €403 | -€22,220 | -98.2% |
| Total equity and liabilities | 10/49 | €343,742 | €417,869 | +€74,127 | +21.6% |
| Equity | 10/15 | €139,142 | €220,704 | +€81,562 | +58.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €186,860 | +€85,000 | +83.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €185,000 | +€85,000 | +85.0% |
| Profit (loss) carried forward | 14 | €18,682 | €15,244 | -€3,438 | -18.4% |
| Provisions and deferred taxes | 16 | €64,766 | €53,881 | -€10,886 | -16.8% |
| Provisions for liabilities and charges | 160/5 | €64,766 | €53,881 | -€10,886 | -16.8% |
| Other liabilities and charges | 164/5 | €64,766 | €53,881 | -€10,886 | -16.8% |
| Amounts payable | 17/49 | €139,833 | €143,284 | +€3,451 | +2.5% |
| Amounts payable after more than one year | 17 | €7,034 | - | -€7,034 | |
| Financial debts | 170/4 | €7,034 | - | -€7,034 | |
| Amounts payable within one year | 42/48 | €132,799 | €143,284 | +€10,485 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €25,049 | €8,859 | -€16,190 | -64.6% |
| Trade debts | 44 | €10,058 | €18,615 | +€8,557 | +85.1% |
| Suppliers | 440/4 | €10,058 | €18,615 | +€8,557 | +85.1% |
| Taxes, remuneration and social security | 45 | €38,192 | €88,365 | +€50,173 | +131% |
| Taxes | 450/3 | €30,926 | €80,738 | +€49,813 | +161% |
| Remuneration and social security | 454/9 | €7,266 | €7,627 | +€361 | +5.0% |
| Other amounts payable | 47/48 | €59,500 | €27,445 | -€32,055 | -53.9% |
| Remuneration, social security and pensions | 62 | €59,944 | €94,993 | +€35,049 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €371 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €56,564 | -€10,886 | -€67,450 | |
| Other operating charges | 640/8 | €851 | €647 | -€203 | -23.9% |
| Gross operating margin | 9900 | €205,379 | €256,249 | +€50,870 | +24.8% |
| Operating profit (loss) | 9901 | €87,649 | €171,123 | +€83,474 | +95.2% |
| Financial income | 75/76B | - | €420,004 | +€420,004 | |
| Recurring financial income | 75 | - | €420,004 | +€420,004 | |
| Financial charges | 65/66B | €37,841 | €80,772 | +€42,931 | +113% |
| Recurring financial charges | 65 | €37,841 | €80,772 | +€42,931 | +113% |
| Profit (loss) for the period before taxes | 9903 | €49,808 | €510,355 | +€460,547 | +925% |
| Income taxes | 67/77 | €24,730 | €16,793 | -€7,937 | -32.1% |
| Profit (loss) for the period | 9904 | €25,078 | €493,562 | +€468,484 | +1,868% |
| Profit (loss) for the period to be appropriated | 9905 | €25,078 | €493,562 | +€468,484 | +1,868% |
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 14 October 2026 via checked.be.