CALIVIN: 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.
CALIVIN
Largest movements
- Cash -€14,226
down €14,226 (-33.1%), from €42,973 to €28,747
mainly Contributions, distributions and other (-€40,203) and Debts after one year (-€7,157)
- Receivables within one year -€7,354
down €7,354 (-32.1%), from €22,877 to €15,523
of which Trade receivables: -€7,354
- Stocks and contracts +€5,028
up €5,028 (+4.4%), from €114,078 to €119,105
- Reserves -€33,073
down €33,073 (-65.0%), from €50,882 to €17,810
of which Distributable reserves: -€33,073
- Other debts +€31,820
up €31,820 (+63.8%), from €49,908 to €81,728
- Debts after one year -€7,157
down €7,157 (-75.0%), from €9,542 to €2,386
- Trade debts -€5,699
down €5,699 (-28.0%), from €20,362 to €14,662
- Advances received -€3,063
down €3,063 (-94.4%), from €3,243 to €180
- Gross operating margin -€4,963
down €4,963 (-12.0%), from €41,267 to €36,304
- Depreciation -€1,844
down €1,844 (-53.6%), from €3,440 to €1,596
- Financial charges -€936
down €936 (-19.4%), from €4,815 to €3,880
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 | €187,160 | €170,176 | -€16,985 | -9.1% |
| Fixed assets | 21/28 | €6,849 | €5,253 | -€1,596 | -23.3% |
| Tangible fixed assets | 22/27 | €6,849 | €5,253 | -€1,596 | -23.3% |
| Furniture and vehicles | 24 | €2,070 | €1,633 | -€437 | -21.1% |
| Other tangible fixed assets | 26 | €4,779 | €3,620 | -€1,159 | -24.3% |
| Current assets | 29/58 | €180,311 | €164,922 | -€15,388 | -8.5% |
| Stocks and contracts in progress | 3 | €114,078 | €119,105 | +€5,028 | +4.4% |
| Stocks | 30/36 | €114,078 | €119,105 | +€5,028 | +4.4% |
| Amounts receivable within one year | 40/41 | €22,877 | €15,523 | -€7,354 | -32.1% |
| Trade receivables | 40 | €22,377 | €15,023 | -€7,354 | -32.9% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,973 | €28,747 | -€14,226 | -33.1% |
| Deferred charges and accrued income | 490/1 | €383 | €1,547 | +€1,164 | +303.8% |
| Total equity and liabilities | 10/49 | €187,160 | €170,176 | -€16,985 | -9.1% |
| Equity | 10/15 | €78,258 | €45,185 | -€33,073 | -42.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,882 | €17,810 | -€33,073 | -65.0% |
| 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 | €49,022 | €15,950 | -€33,073 | -67.5% |
| Profit (loss) carried forward | 14 | €14,975 | €14,975 | = | 0.0% |
| Amounts payable | 17/49 | €108,902 | €124,990 | +€16,088 | +14.8% |
| Amounts payable after more than one year | 17 | €9,542 | €2,386 | -€7,157 | -75.0% |
| Financial debts | 170/4 | €9,542 | €2,386 | -€7,157 | -75.0% |
| Amounts payable within one year | 42/48 | €99,360 | €122,605 | +€23,245 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €7,157 | €7,157 | = | 0.0% |
| Trade debts | 44 | €20,362 | €14,662 | -€5,699 | -28.0% |
| Suppliers | 440/4 | €20,362 | €14,662 | -€5,699 | -28.0% |
| Advances received on contracts in progress | 46 | €3,243 | €180 | -€3,063 | -94.4% |
| Taxes, remuneration and social security | 45 | €18,691 | €18,878 | +€187 | +1.0% |
| Taxes | 450/3 | €18,691 | €18,878 | +€187 | +1.0% |
| Other amounts payable | 47/48 | €49,908 | €81,728 | +€31,820 | +63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,440 | €1,596 | -€1,844 | -53.6% |
| Other operating charges | 640/8 | €19,229 | €19,186 | -€44 | -0.2% |
| Gross operating margin | 9900 | €41,267 | €36,304 | -€4,963 | -12.0% |
| Operating profit (loss) | 9901 | €18,597 | €15,522 | -€3,075 | -16.5% |
| Financial income | 75/76B | €66 | €166 | +€100 | +152.2% |
| Recurring financial income | 75 | €66 | €166 | +€100 | +152.2% |
| Financial charges | 65/66B | €4,815 | €3,880 | -€936 | -19.4% |
| Recurring financial charges | 65 | €4,815 | €3,880 | -€936 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €13,848 | €11,808 | -€2,040 | -14.7% |
| Income taxes | 67/77 | €5,028 | €4,677 | -€351 | -7.0% |
| Profit (loss) for the period | 9904 | €8,819 | €7,131 | -€1,689 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,819 | €7,131 | -€1,689 | -19.1% |
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 9 October 2026 via checked.be.