CALINE KUST: 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.
CALINE KUST
Largest movements
- Stocks and contracts -€32,314
down €32,314 (-8.3%), from €389,677 to €357,362
- Cash -€22,377
down €22,377 (-75.4%), from €29,687 to €7,310
mainly Contributions, distributions and other (-€92,727) and Debts after one year (-€43,750)
- Tangible fixed assets -€15,306
down €15,306 (-13.9%), from €109,789 to €94,483
of which Other tangible fixed assets: -€12,815
- Other debts +€59,970
up €59,970 (+315%), from €19,045 to €79,014
- Reserves -€58,909
down €58,909 (-31.2%), from €188,909 to €130,000
of which Distributable reserves: -€58,909
- Debts after one year -€43,750
down €43,750 (-69.6%), from €62,862 to €19,113
- Trade debts -€22,577
down €22,577 (-21.3%), from €106,139 to €83,562
- Gross operating margin -€26,741
down €26,741 (-14.7%), from €181,718 to €154,977
- Staff costs -€10,306
down €10,306 (-12.0%), from €85,763 to €75,457
- Taxes +€5,332
up €5,332 (+57.2%), from €9,316 to €14,649
- Financial charges +€3,206
up €3,206 (+31.6%), from €10,154 to €13,360
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 | €549,648 | €483,939 | -€65,709 | -12.0% |
| Fixed assets | 21/28 | €111,249 | €95,258 | -€15,991 | -14.4% |
| Intangible fixed assets | 21 | €1,209 | €524 | -€685 | -56.7% |
| Tangible fixed assets | 22/27 | €109,789 | €94,483 | -€15,306 | -13.9% |
| Plant, machinery and equipment | 23 | €5,675 | €3,184 | -€2,491 | -43.9% |
| Other tangible fixed assets | 26 | €104,114 | €91,299 | -€12,815 | -12.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €438,399 | €388,681 | -€49,718 | -11.3% |
| Stocks and contracts in progress | 3 | €389,677 | €357,362 | -€32,314 | -8.3% |
| Stocks | 30/36 | €389,677 | €357,362 | -€32,314 | -8.3% |
| Amounts receivable within one year | 40/41 | €12,180 | €14,934 | +€2,754 | +22.6% |
| Trade receivables | 40 | €1,569 | €3,933 | +€2,363 | +151% |
| Other amounts receivable | 41 | €10,611 | €11,001 | +€391 | +3.7% |
| Cash at bank and in hand | 54/58 | €29,687 | €7,310 | -€22,377 | -75.4% |
| Deferred charges and accrued income | 490/1 | €6,856 | €9,075 | +€2,219 | +32.4% |
| Total equity and liabilities | 10/49 | €549,648 | €483,939 | -€65,709 | -12.0% |
| Equity | 10/15 | €192,773 | €133,878 | -€58,895 | -30.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €188,909 | €130,000 | -€58,909 | -31.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €186,909 | €128,000 | -€58,909 | -31.5% |
| Profit (loss) carried forward | 14 | -€16,137 | -€16,122 | +€14 | +0.1% |
| Amounts payable | 17/49 | €356,875 | €350,061 | -€6,814 | -1.9% |
| Amounts payable after more than one year | 17 | €62,862 | €19,113 | -€43,750 | -69.6% |
| Financial debts | 170/4 | €62,862 | €19,113 | -€43,750 | -69.6% |
| Amounts payable within one year | 42/48 | €292,847 | €328,679 | +€35,832 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €43,277 | €46,559 | +€3,282 | +7.6% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €106,139 | €83,562 | -€22,577 | -21.3% |
| Suppliers | 440/4 | €106,139 | €83,562 | -€22,577 | -21.3% |
| Taxes, remuneration and social security | 45 | €24,386 | €19,543 | -€4,843 | -19.9% |
| Taxes | 450/3 | €15,133 | €15,873 | +€740 | +4.9% |
| Remuneration and social security | 454/9 | €9,254 | €3,671 | -€5,583 | -60.3% |
| Other amounts payable | 47/48 | €19,045 | €79,014 | +€59,970 | +315% |
| Accrued charges and deferred income | 492/3 | €1,166 | €2,269 | +€1,103 | +94.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €85,763 | €75,457 | -€10,306 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,087 | €17,686 | +€599 | +3.5% |
| Other operating charges | 640/8 | €2,339 | €2,384 | +€45 | +1.9% |
| Gross operating margin | 9900 | €181,718 | €154,977 | -€26,741 | -14.7% |
| Operating profit (loss) | 9901 | €76,529 | €59,451 | -€17,078 | -22.3% |
| Financial income | 75/76B | €3,290 | €2,391 | -€900 | -27.3% |
| Recurring financial income | 75 | €3,290 | €2,391 | -€900 | -27.3% |
| Financial charges | 65/66B | €10,154 | €13,360 | +€3,206 | +31.6% |
| Recurring financial charges | 65 | €10,154 | €13,360 | +€3,206 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €69,665 | €48,481 | -€21,184 | -30.4% |
| Income taxes | 67/77 | €9,316 | €14,649 | +€5,332 | +57.2% |
| Profit (loss) for the period | 9904 | €60,349 | €33,833 | -€26,516 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,349 | €33,833 | -€26,516 | -43.9% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.