callensvyncke: 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.
What changed
callensvyncke
NACE 35.110, Production of electricity from non-renewable sources
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €1.8m-€2.9m
Equity
€67,650
2024 · €2.3m-€2.2m
Cash
€3.2m
2024 · €12.2m-€9.1m
Balance sheet total
€29.6m
2024 · €37.3m-€7.7m
Largest movements
Assets
- Cash -€9.1m
down €9.1m (-74.2%), from €12.2m to €3.2m
mainly Advances received (-€5.4m) and Stocks and contracts (-€4.2m)
- Stocks and contracts +€4.2m
up €4.2m (+19.5%), from €21.4m to €25.6m
- Receivables within one year -€2.6m
down €2.6m (-76.5%), from €3.4m to €801,856
of which Trade receivables: -€1.9m
Equity and liabilities
- Advances received -€5.4m
down €5.4m (-17.6%), from €30.9m to €25.5m
- Profit (loss) carried forward -€2.2m
down €2.2m (-100.0%), from €2.2m to €0
- Provisions +€1.4m
up €1.4m (+387.3%), from €362,516 to €1.8m
- Trade debts -€1.3m
down €1.3m (-67.5%), from €2.0m to €650,975
- Other debts -€399,431
down €399,431 (-26.6%), from €1.5m to €1.1m
Income statement
- Goods and materials -€6.4m
down €6.4m (-35.7%), from €17.9m to €11.5m
- Turnover +€2.7m
up €2.7m (+34.2%), from €7.9m to €10.6m
- Provisions +€1.5m
up €1.5m, from -€130,917 to €1.4m
- Other operating income +€492,589
up €492,589 (+627.9%), from €78,450 to €571,039
- Financial income -€304,620
down €304,620 (-69.5%), from €438,297 to €133,677
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.
Result 2024
€1.8m
Turnover
+€2.7m
Other operating income
+€492,589
Goods and materials
+€6.4m
Services and other goods
-€196,231
Staff costs
-€926
Depreciation
-€1,503
Write-downs
+€8,414
Provisions
-€1.5m
Other operating charges
-€1,945
Other operating items
-€10.4m
Financial income
-€304,620
Financial charges
+€19,526
Taxes
-€108,633
Result 2025
-€1.1m
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.
From operations
-€8.0m
Investment
-€11,080
Financing
-€1.1m
Cash 2024
€12.2m
From operations (derived)
-€8.0m
Net result for the year
-€1.1m
Depreciation
+€14,548
Stocks and contracts
-€4.2m
Receivables within one year
+€2.6m
Deferred charges and accrued income
+€152,804
Provisions
+€1.4m
Trade debts
-€1.3m
Tax, wage and social debts
+€313,871
Advances received
-€5.4m
Other debts
-€399,431
Accrued charges and deferred income
-€738
Investment (derived)
-€11,080
Investment in fixed assets (net)
-€7,240
Current investments
-€3,840
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€3.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,251,717 | €29,595,621 | -€7.7m | -20.6% |
| Fixed assets | 21/28 | €39,414 | €32,106 | -€7,308 | -18.5% |
| Intangible fixed assets | 21 | €20,076 | €10,936 | -€9,140 | -45.5% |
| Tangible fixed assets | 22/27 | €19,338 | €21,170 | +€1,832 | +9.5% |
| Plant, machinery and equipment | 23 | €1,251 | €869 | -€382 | -30.5% |
| Furniture and vehicles | 24 | €8,402 | €8,187 | -€216 | -2.6% |
| Other tangible fixed assets | 26 | €9,685 | €12,114 | +€2,429 | +25.1% |
| Current assets | 29/58 | €37,212,303 | €29,563,515 | -€7.6m | -20.6% |
| Stocks and contracts in progress | 3 | €21,398,389 | €25,577,309 | +€4.2m | +19.5% |
| Contracts in progress | 37 | €21,398,389 | €25,577,309 | +€4.2m | +19.5% |
| Amounts receivable within one year | 40/41 | €3,408,219 | €801,856 | -€2.6m | -76.5% |
| Trade receivables | 40 | €2,523,090 | €652,533 | -€1.9m | -74.1% |
| Other amounts receivable | 41 | €885,129 | €149,323 | -€735,806 | -83.1% |
| Current investments | 50/53 | €18,550 | €22,390 | +€3,840 | +20.7% |
| Other investments | 51/53 | €18,550 | €22,390 | +€3,840 | +20.7% |
| Cash at bank and in hand | 54/58 | €12,225,513 | €3,153,131 | -€9.1m | -74.2% |
| Deferred charges and accrued income | 490/1 | €161,632 | €8,828 | -€152,804 | -94.5% |
| Total equity and liabilities | 10/49 | €37,251,717 | €29,595,621 | -€7.7m | -20.6% |
| Equity | 10/15 | €2,251,251 | €67,650 | -€2.2m | -97.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,183,601 | €0 | -€2.2m | -100.0% |
| Provisions and deferred taxes | 16 | €362,516 | €1,766,578 | +€1.4m | +387.3% |
| Provisions for liabilities and charges | 160/5 | €362,516 | €1,766,578 | +€1.4m | +387.3% |
| Other liabilities and charges | 164/5 | €362,516 | €1,766,578 | +€1.4m | +387.3% |
| Amounts payable | 17/49 | €34,637,950 | €27,761,393 | -€6.9m | -19.9% |
| Amounts payable within one year | 42/48 | €34,632,604 | €27,756,786 | -€6.9m | -19.9% |
| Trade debts | 44 | €2,000,065 | €650,975 | -€1.3m | -67.5% |
| Suppliers | 440/4 | €2,000,065 | €650,975 | -€1.3m | -67.5% |
| Advances received on contracts in progress | 46 | €30,898,129 | €25,456,961 | -€5.4m | -17.6% |
| Taxes, remuneration and social security | 45 | €234,411 | €548,281 | +€313,871 | +133.9% |
| Taxes | 450/3 | €101,688 | €426,393 | +€324,705 | +319.3% |
| Remuneration and social security | 454/9 | €132,722 | €121,888 | -€10,834 | -8.2% |
| Other amounts payable | 47/48 | €1,500,000 | €1,100,569 | -€399,431 | -26.6% |
| Accrued charges and deferred income | 492/3 | €5,345 | €4,607 | -€738 | -13.8% |
| Operating income | 70/76A | €22,631,989 | €15,415,677 | -€7.2m | -31.9% |
| Turnover | 70 | €7,932,261 | €10,641,593 | +€2.7m | +34.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €14,621,279 | €4,178,921 | -€10.4m | -71.4% |
| Other operating income | 74 | €78,450 | €571,039 | +€492,589 | +627.9% |
| Non-recurring operating income | 76A | - | €24,125 | +€24,125 | |
| Operating charges | 60/66A | €20,884,956 | €16,204,385 | -€4.7m | -22.4% |
| Goods for resale, raw materials and consumables | 60 | €17,935,117 | €11,527,377 | -€6.4m | -35.7% |
| Purchases | 600/8 | €17,935,117 | €11,527,377 | -€6.4m | -35.7% |
| Services and other goods | 61 | €1,590,188 | €1,786,419 | +€196,231 | +12.3% |
| Remuneration, social security and pensions | 62 | €1,466,793 | €1,467,718 | +€926 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €14,548 | +€1,503 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,414 | -€8,414 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€130,917 | €1,404,062 | +€1.5m | |
| Other operating charges | 640/8 | €10,729 | €12,673 | +€1,945 | +18.1% |
| Operating profit (loss) | 9901 | €1,747,033 | -€788,707 | -€2.5m | |
| Financial income | 75/76B | €438,297 | €133,677 | -€304,620 | -69.5% |
| Recurring financial income | 75 | €438,297 | €133,677 | -€304,620 | -69.5% |
| Income from current assets | 751 | €434,614 | €128,157 | -€306,457 | -70.5% |
| Other financial income | 752/9 | €3,683 | €5,520 | +€1,837 | +49.9% |
| Financial charges | 65/66B | €56,917 | €37,391 | -€19,526 | -34.3% |
| Recurring financial charges | 65 | €56,917 | €37,391 | -€19,526 | -34.3% |
| Debt charges | 650 | €13,741 | €22,365 | +€8,624 | +62.8% |
| Other financial charges | 652/9 | €43,176 | €15,025 | -€28,150 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €2,128,414 | -€692,421 | -€2.8m | |
| Income taxes | 67/77 | €281,979 | €390,612 | +€108,633 | +38.5% |
| Taxes | 670/3 | €281,979 | €390,612 | +€108,633 | +38.5% |
| Profit (loss) for the period | 9904 | €1,846,435 | -€1,083,032 | -€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,846,435 | -€1,083,032 | -€2.9m |
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 5 October 2026 via checked.be.