CALLENS M.: 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.
CALLENS M.
Largest movements
- Receivables within one year -€164,796
down €164,796 (-28.9%), from €569,965 to €405,170
of which Trade receivables: -€127,262
- Tangible fixed assets -€117,476
down €117,476 (-35.0%), from €336,002 to €218,526
of which Leasing and similar rights: -€77,540
- Trade debts -€188,631
down €188,631 (-76.2%), from €247,429 to €58,798
- Debts after one year -€92,825
down €92,825 (-43.9%), from €211,513 to €118,688
- Tax, wage and social debts -€26,645
down €26,645 (-74.9%), from €35,591 to €8,945
of which Remuneration and social security: -€15,420
- Gross operating margin -€169,855
down €169,855 (-38.3%), from €443,745 to €273,891
- Staff costs -€107,412
down €107,412 (-46.9%), from €229,189 to €121,777
- Depreciation -€32,832
down €32,832 (-20.7%), from €158,608 to €125,776
- Taxes -€6,277
down €6,277 (-61.0%), from €10,291 to €4,014
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 | €1,197,802 | €897,259 | -€300,542 | -25.1% |
| Fixed assets | 21/28 | €337,299 | €219,823 | -€117,476 | -34.8% |
| Tangible fixed assets | 22/27 | €336,002 | €218,526 | -€117,476 | -35.0% |
| Land and buildings | 22 | €69,583 | €59,721 | -€9,862 | -14.2% |
| Plant, machinery and equipment | 23 | €67,601 | €39,887 | -€27,715 | -41.0% |
| Furniture and vehicles | 24 | €3,781 | €1,421 | -€2,359 | -62.4% |
| Leasing and similar rights | 25 | €195,037 | €117,497 | -€77,540 | -39.8% |
| Financial fixed assets | 28 | €1,297 | €1,297 | = | 0.0% |
| Current assets | 29/58 | €860,502 | €677,436 | -€183,066 | -21.3% |
| Stocks and contracts in progress | 3 | €19,250 | €20,100 | +€850 | +4.4% |
| Stocks | 30/36 | €19,250 | €20,100 | +€850 | +4.4% |
| Amounts receivable within one year | 40/41 | €569,965 | €405,170 | -€164,796 | -28.9% |
| Trade receivables | 40 | €509,312 | €382,050 | -€127,262 | -25.0% |
| Other amounts receivable | 41 | €60,653 | €23,120 | -€37,533 | -61.9% |
| Current investments | 50/53 | €13,599 | €3,652 | -€9,947 | -73.1% |
| Cash at bank and in hand | 54/58 | €256,252 | €246,789 | -€9,463 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,725 | +€290 | +20.2% |
| Total equity and liabilities | 10/49 | €1,197,802 | €897,259 | -€300,542 | -25.1% |
| Equity | 10/15 | €611,143 | €619,477 | +€8,333 | +1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €316,750 | €325,234 | +€8,484 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,338 | €34,338 | = | 0.0% |
| Distributable reserves | 133 | €280,551 | €289,036 | +€8,484 | +3.0% |
| Profit (loss) carried forward | 14 | €288,028 | €288,028 | = | 0.0% |
| Investment grants | 15 | €166 | €15 | -€151 | -91.0% |
| Amounts payable | 17/49 | €586,658 | €277,783 | -€308,876 | -52.7% |
| Amounts payable after more than one year | 17 | €211,513 | €118,688 | -€92,825 | -43.9% |
| Financial debts | 170/4 | €211,513 | €118,688 | -€92,825 | -43.9% |
| Amounts payable within one year | 42/48 | €375,146 | €159,095 | -€216,051 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €91,779 | €91,351 | -€428 | -0.5% |
| Trade debts | 44 | €247,429 | €58,798 | -€188,631 | -76.2% |
| Suppliers | 440/4 | €247,429 | €58,798 | -€188,631 | -76.2% |
| Taxes, remuneration and social security | 45 | €35,591 | €8,945 | -€26,645 | -74.9% |
| Taxes | 450/3 | €14,958 | €3,733 | -€11,225 | -75.0% |
| Remuneration and social security | 454/9 | €20,633 | €5,213 | -€15,420 | -74.7% |
| Other amounts payable | 47/48 | €347 | - | -€347 | |
| Remuneration, social security and pensions | 62 | €229,189 | €121,777 | -€107,412 | -46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,608 | €125,776 | -€32,832 | -20.7% |
| Other operating charges | 640/8 | €12,872 | €10,398 | -€2,475 | -19.2% |
| Non-recurring operating charges | 66A | €3,348 | - | -€3,348 | |
| Gross operating margin | 9900 | €443,745 | €273,891 | -€169,855 | -38.3% |
| Operating profit (loss) | 9901 | €39,727 | €15,939 | -€23,788 | -59.9% |
| Financial income | 75/76B | €279 | €1,576 | +€1,297 | +464% |
| Recurring financial income | 75 | €279 | €1,576 | +€1,297 | +464% |
| Financial charges | 65/66B | €6,812 | €5,017 | -€1,795 | -26.4% |
| Recurring financial charges | 65 | €6,812 | €5,017 | -€1,795 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €33,194 | €12,499 | -€20,696 | -62.3% |
| Income taxes | 67/77 | €10,291 | €4,014 | -€6,277 | -61.0% |
| Profit (loss) for the period | 9904 | €22,903 | €8,484 | -€14,419 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,903 | €8,484 | -€14,419 | -63.0% |
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 21 October 2026 via checked.be.