CALIX: what changed
Two fiscal 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.
CALIX
Largest movements
- Receivables within one year +€79,698
up €79,698 (+53.3%), from €149,423 to €229,121
of which Other amounts receivable: +€69,407
- Cash -€42,934
down €42,934 (-36.0%), from €119,201 to €76,267
mainly Receivables within one year (-€79,698) and Contributions, distributions and other (-€39,126)
- Deferred charges and accrued income +€17,915
up €17,915 (+162.0%), from €11,061 to €28,976
- Reserves +€81,774
up €81,774 (+42.5%), from €192,632 to €274,406
of which Distributable reserves: +€81,774
- Accrued charges and deferred income -€35,280
down €35,280 (-74.5%), from €47,358 to €12,077
- Trade debts +€7,932
up €7,932 (+63.7%), from €12,446 to €20,378
- Tax, wage and social debts -€7,044
down €7,044 (-15.8%), from €44,532 to €37,488
of which Remuneration and social security: -€4,203
- Short-term financial debts +€4,521
up €4,521 (+3060.2%), from €148 to €4,669
- Staff costs -€47,267
down €47,267 (-31.3%), from €151,163 to €103,897
- Taxes +€22,297
up €22,297 (+72.6%), from €30,721 to €53,018
- Gross operating margin +€19,636
up €19,636 (+7.4%), from €267,147 to €286,783
- Financial income +€3,988
up €3,988 (+169.2%), from €2,357 to €6,345
of which Financial income: +€4,488
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 | €316,777 | €370,716 | +€53,939 | +17.0% |
| Fixed assets | 21/28 | €12,092 | €11,352 | -€740 | -6.1% |
| Intangible fixed assets | 21 | €1,875 | €3,200 | +€1,326 | +70.7% |
| Tangible fixed assets | 22/27 | €10,067 | €8,002 | -€2,066 | -20.5% |
| Furniture and vehicles | 24 | €5,975 | €7,170 | +€1,195 | +20.0% |
| Other tangible fixed assets | 26 | €4,092 | €832 | -€3,261 | -79.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €304,685 | €359,364 | +€54,679 | +17.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,423 | €229,121 | +€79,698 | +53.3% |
| Trade receivables | 40 | €1,126 | €11,418 | +€10,292 | +913.7% |
| Other amounts receivable | 41 | €148,296 | €217,703 | +€69,407 | +46.8% |
| Cash at bank and in hand | 54/58 | €119,201 | €76,267 | -€42,934 | -36.0% |
| Deferred charges and accrued income | 490/1 | €11,061 | €28,976 | +€17,915 | +162.0% |
| Total equity and liabilities | 10/49 | €316,777 | €370,716 | +€53,939 | +17.0% |
| Equity | 10/15 | €211,313 | €293,104 | +€81,790 | +38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,632 | €274,406 | +€81,774 | +42.5% |
| Non-distributable reserves | 130/1 | €2,286 | €2,286 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,286 | €2,286 | = | 0.0% |
| Distributable reserves | 133 | €190,346 | €272,120 | +€81,774 | +43.0% |
| Profit (loss) carried forward | 14 | €81 | €98 | +€16 | +20.1% |
| Amounts payable | 17/49 | €105,463 | €77,612 | -€27,851 | -26.4% |
| Amounts payable within one year | 42/48 | €58,106 | €65,535 | +€7,429 | +12.8% |
| Financial debts | 43 | €148 | €4,669 | +€4,521 | +3060.2% |
| Other loans | 439 | €148 | €4,669 | +€4,521 | +3060.2% |
| Trade debts | 44 | €12,446 | €20,378 | +€7,932 | +63.7% |
| Suppliers | 440/4 | €12,446 | €20,378 | +€7,932 | +63.7% |
| Taxes, remuneration and social security | 45 | €44,532 | €37,488 | -€7,044 | -15.8% |
| Taxes | 450/3 | €30,721 | €27,879 | -€2,841 | -9.2% |
| Remuneration and social security | 454/9 | €13,812 | €9,609 | -€4,203 | -30.4% |
| Other amounts payable | 47/48 | €980 | €3,000 | +€2,020 | +206.3% |
| Accrued charges and deferred income | 492/3 | €47,358 | €12,077 | -€35,280 | -74.5% |
| Remuneration, social security and pensions | 62 | €151,163 | €103,897 | -€47,267 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,991 | €8,991 | +€1,000 | +12.5% |
| Other operating charges | 640/8 | €362 | €708 | +€346 | +95.5% |
| Gross operating margin | 9900 | €267,147 | €286,783 | +€19,636 | +7.4% |
| Operating profit (loss) | 9901 | €107,631 | €173,188 | +€65,557 | +60.9% |
| Financial income | 75/76B | €2,357 | €6,345 | +€3,988 | +169.2% |
| Recurring financial income | 75 | €1,857 | €6,345 | +€4,488 | +241.6% |
| Non-recurring financial income | 76B | €500 | - | -€500 | |
| Financial charges | 65/66B | €7,557 | €5,599 | -€1,958 | -25.9% |
| Recurring financial charges | 65 | €7,557 | €5,599 | -€1,958 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €102,431 | €173,934 | +€71,503 | +69.8% |
| Income taxes | 67/77 | €30,721 | €53,018 | +€22,297 | +72.6% |
| Profit (loss) for the period | 9904 | €71,710 | €120,916 | +€49,206 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,710 | €120,916 | +€49,206 | +68.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.