CALINOR: 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.
CALINOR
Largest movements
- Current investments +€236,000
up €236,000 (+133%), from €176,812 to €412,812
- Cash -€88,964
down €88,964 (-54.5%), from €163,098 to €74,133
mainly Current investments (-€236,000) and Investment in fixed assets (net) (-€29,789)
- Tangible fixed assets -€48,551
down €48,551 (-13.6%), from €356,319 to €307,768
of which Plant, machinery and equipment: -€38,348
- Reserves +€119,066
up €119,066 (+21.7%), from €549,690 to €668,757
- Accrued charges and deferred income -€9,116
down €9,116 (-97.4%), from €9,359 to €243
- Tax, wage and social debts -€8,925
down €8,925 (-22.4%), from €39,817 to €30,891
of which Taxes: -€8,057
- Gross operating margin +€23,901
up €23,901 (+7.2%), from €334,021 to €357,922
- Taxes +€5,427
up €5,427 (+11.3%), from €48,052 to €53,479
- Financial income +€4,388
up €4,388 (+530%), from €829 to €5,217
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 | €723,940 | €820,207 | +€96,267 | +13.3% |
| Fixed assets | 21/28 | €356,819 | €308,268 | -€48,551 | -13.6% |
| Tangible fixed assets | 22/27 | €356,319 | €307,768 | -€48,551 | -13.6% |
| Land and buildings | 22 | €264,920 | €241,843 | -€23,077 | -8.7% |
| Plant, machinery and equipment | 23 | €86,683 | €48,336 | -€38,348 | -44.2% |
| Furniture and vehicles | 24 | €4,715 | €17,589 | +€12,873 | +273% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €367,121 | €511,939 | +€144,818 | +39.4% |
| Stocks and contracts in progress | 3 | €13,636 | €15,036 | +€1,400 | +10.3% |
| Stocks | 30/36 | €13,636 | €15,036 | +€1,400 | +10.3% |
| Amounts receivable within one year | 40/41 | €1,148 | €3,865 | +€2,717 | +237% |
| Trade receivables | 40 | - | €2,724 | +€2,724 | |
| Other amounts receivable | 41 | €1,148 | €1,142 | -€6 | -0.5% |
| Current investments | 50/53 | €176,812 | €412,812 | +€236,000 | +133% |
| Cash at bank and in hand | 54/58 | €163,098 | €74,133 | -€88,964 | -54.5% |
| Deferred charges and accrued income | 490/1 | €12,427 | €6,093 | -€6,335 | -51.0% |
| Total equity and liabilities | 10/49 | €723,940 | €820,207 | +€96,267 | +13.3% |
| Equity | 10/15 | €611,664 | €730,730 | +€119,066 | +19.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €549,690 | €668,757 | +€119,066 | +21.7% |
| Distributable reserves | 133 | €549,690 | €668,757 | +€119,066 | +21.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €112,276 | €89,477 | -€22,799 | -20.3% |
| Amounts payable within one year | 42/48 | €102,917 | €89,234 | -€13,683 | -13.3% |
| Trade debts | 44 | €7,178 | €2,793 | -€4,386 | -61.1% |
| Suppliers | 440/4 | €7,178 | €2,793 | -€4,386 | -61.1% |
| Taxes, remuneration and social security | 45 | €39,817 | €30,891 | -€8,925 | -22.4% |
| Taxes | 450/3 | €27,403 | €19,346 | -€8,057 | -29.4% |
| Remuneration and social security | 454/9 | €12,414 | €11,546 | -€868 | -7.0% |
| Other amounts payable | 47/48 | €55,922 | €55,550 | -€372 | -0.7% |
| Accrued charges and deferred income | 492/3 | €9,359 | €243 | -€9,116 | -97.4% |
| Remuneration, social security and pensions | 62 | €104,248 | €102,045 | -€2,202 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,210 | €78,340 | +€2,130 | +2.8% |
| Other operating charges | 640/8 | €162 | €56 | -€106 | -65.4% |
| Gross operating margin | 9900 | €334,021 | €357,922 | +€23,901 | +7.2% |
| Operating profit (loss) | 9901 | €153,401 | €177,481 | +€24,080 | +15.7% |
| Financial income | 75/76B | €829 | €5,217 | +€4,388 | +530% |
| Recurring financial income | 75 | €829 | €5,217 | +€4,388 | +530% |
| Financial charges | 65/66B | €1,063 | €1,074 | +€12 | +1.1% |
| Recurring financial charges | 65 | €1,063 | €1,074 | +€12 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €153,167 | €181,624 | +€28,457 | +18.6% |
| Income taxes | 67/77 | €48,052 | €53,479 | +€5,427 | +11.3% |
| Profit (loss) for the period | 9904 | €105,115 | €128,145 | +€23,030 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €105,115 | €128,145 | +€23,030 | +21.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.