CALIGIANI: 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.
CALIGIANI
Largest movements
- Deferred charges and accrued income +€263,733
up €263,733 (+98,943%), from €267 to €264,000
- Current investments -€160,073
no longer reported in 2025 (was €160,073)
- Receivables after one year +€134,951
up €134,951 (+79.4%), from €169,975 to €304,926
- Cash +€37,221
new in 2025: €37,221
mainly Net result for the year (+€270,625) and Current investments (+€160,073)
- Reserves +€258,069
up €258,069 (+70.5%), from €365,826 to €623,894
of which Distributable reserves: +€258,069
- Tax, wage and social debts +€28,329
up €28,329 (+68.7%), from €41,265 to €69,593
- Debts after one year -€14,500
down €14,500 (-74.4%), from €19,500 to €5,000
- Gross operating margin +€475,513
up €475,513, from -€140,990 to €334,523
- Financial income -€469,113
down €469,113 (-98.0%), from €478,747 to €9,634
of which Non-recurring financial income: -€322,933
- Other operating charges +€37,528
up €37,528 (+624%), from €6,014 to €43,542
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 | €443,578 | €715,897 | +€272,319 | +61.4% |
| Fixed assets | 21/28 | €72,410 | €73,536 | +€1,127 | +1.6% |
| Tangible fixed assets | 22/27 | €28,484 | €29,611 | +€1,127 | +4.0% |
| Furniture and vehicles | 24 | €5,113 | €6,609 | +€1,496 | +29.3% |
| Other tangible fixed assets | 26 | €23,371 | €23,002 | -€369 | -1.6% |
| Financial fixed assets | 28 | €43,926 | €43,926 | = | 0.0% |
| Current assets | 29/58 | €371,168 | €642,361 | +€271,193 | +73.1% |
| Amounts receivable after more than one year | 29 | €169,975 | €304,926 | +€134,951 | +79.4% |
| Other amounts receivable | 291 | €169,975 | €304,926 | +€134,951 | +79.4% |
| Amounts receivable within one year | 40/41 | €40,854 | €36,214 | -€4,640 | -11.4% |
| Trade receivables | 40 | €23,233 | €26,260 | +€3,027 | +13.0% |
| Other amounts receivable | 41 | €17,621 | €9,954 | -€7,667 | -43.5% |
| Current investments | 50/53 | €160,073 | - | -€160,073 | |
| Cash at bank and in hand | 54/58 | - | €37,221 | +€37,221 | |
| Deferred charges and accrued income | 490/1 | €267 | €264,000 | +€263,733 | +98,943% |
| Total equity and liabilities | 10/49 | €443,578 | €715,897 | +€272,319 | +61.4% |
| Equity | 10/15 | €378,226 | €636,294 | +€258,069 | +68.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €365,826 | €623,894 | +€258,069 | +70.5% |
| 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 | €363,966 | €622,034 | +€258,069 | +70.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €65,352 | €79,603 | +€14,251 | +21.8% |
| Amounts payable after more than one year | 17 | €19,500 | €5,000 | -€14,500 | -74.4% |
| Financial debts | 170/4 | €19,500 | €5,000 | -€14,500 | -74.4% |
| Amounts payable within one year | 42/48 | €45,445 | €74,183 | +€28,738 | +63.2% |
| Financial debts | 43 | €414 | €967 | +€553 | +134% |
| Other loans | 439 | €414 | €967 | +€553 | +134% |
| Trade debts | 44 | €3,766 | €3,623 | -€144 | -3.8% |
| Suppliers | 440/4 | €3,766 | €3,623 | -€144 | -3.8% |
| Taxes, remuneration and social security | 45 | €41,265 | €69,593 | +€28,329 | +68.7% |
| Taxes | 450/3 | €41,265 | €69,593 | +€28,329 | +68.7% |
| Accrued charges and deferred income | 492/3 | €408 | €420 | +€13 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €1,590 | +€1,353 | +572% |
| Other operating charges | 640/8 | €6,014 | €43,542 | +€37,528 | +624% |
| Gross operating margin | 9900 | -€140,990 | €334,523 | +€475,513 | |
| Operating profit (loss) | 9901 | -€147,241 | €289,391 | +€436,632 | |
| Financial income | 75/76B | €478,747 | €9,634 | -€469,113 | -98.0% |
| Recurring financial income | 75 | €155,814 | €9,634 | -€146,180 | -93.8% |
| Non-recurring financial income | 76B | €322,933 | - | -€322,933 | |
| Financial charges | 65/66B | €2,375 | €1,338 | -€1,038 | -43.7% |
| Recurring financial charges | 65 | €2,375 | €1,338 | -€1,038 | -43.7% |
| Profit (loss) for the period before taxes | 9903 | €329,131 | €297,688 | -€31,443 | -9.6% |
| Income taxes | 67/77 | €29,196 | €27,063 | -€2,133 | -7.3% |
| Profit (loss) for the period | 9904 | €299,935 | €270,625 | -€29,310 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €299,935 | €270,625 | -€29,310 | -9.8% |
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 27 October 2026 via checked.be.