CALLEWAERT: what changed
CALLEWAERT
Largest movements
- Cash +€146,241
up €146,241 (+110%), from €133,119 to €279,360
mainly Net result for the year (+€86,475) and Depreciation (+€36,326)
- Tangible fixed assets -€36,326
down €36,326 (-10.7%), from €338,393 to €302,067
of which Land and buildings: -€36,003
- Reserves +€86,475
up €86,475 (+64.7%), from €133,565 to €220,041
of which Distributable reserves: +€86,475
- Trade debts +€13,447
up €13,447 (+177%), from €7,615 to €21,062
- Tax, wage and social debts +€11,672
up €11,672 (+37.5%), from €31,105 to €42,777
of which Remuneration and social security: +€14,854
- Gross operating margin -€27,514
down €27,514 (-8.5%), from €323,927 to €296,413
- Staff costs +€7,552
up €7,552 (+4.8%), from €157,956 to €165,508
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,058 | €601,433 | +€111,375 | +22.7% |
| Fixed assets | 21/28 | €338,393 | €302,067 | -€36,326 | -10.7% |
| Tangible fixed assets | 22/27 | €338,393 | €302,067 | -€36,326 | -10.7% |
| Land and buildings | 22 | €337,685 | €301,682 | -€36,003 | -10.7% |
| Plant, machinery and equipment | 23 | €707 | €384 | -€323 | -45.6% |
| Current assets | 29/58 | €151,666 | €299,366 | +€147,701 | +97.4% |
| Amounts receivable within one year | 40/41 | €11,086 | €13,120 | +€2,034 | +18.3% |
| Other amounts receivable | 41 | €11,086 | €13,120 | +€2,034 | +18.3% |
| Cash at bank and in hand | 54/58 | €133,119 | €279,360 | +€146,241 | +110% |
| Deferred charges and accrued income | 490/1 | €7,461 | €6,886 | -€575 | -7.7% |
| Total equity and liabilities | 10/49 | €490,058 | €601,433 | +€111,375 | +22.7% |
| Equity | 10/15 | €448,678 | €535,153 | +€86,475 | +19.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €133,565 | €220,041 | +€86,475 | +64.7% |
| Non-distributable reserves | 130/1 | €15,275 | €15,275 | = | 0.0% |
| Legal reserve | 130 | €15,275 | €15,275 | = | 0.0% |
| Distributable reserves | 133 | €118,290 | €204,766 | +€86,475 | +73.1% |
| Profit (loss) carried forward | 14 | €191,113 | €191,113 | = | 0.0% |
| Amounts payable | 17/49 | €41,380 | €66,280 | +€24,899 | +60.2% |
| Amounts payable within one year | 42/48 | €38,720 | €63,840 | +€25,119 | +64.9% |
| Trade debts | 44 | €7,615 | €21,062 | +€13,447 | +177% |
| Suppliers | 440/4 | €7,615 | €21,062 | +€13,447 | +177% |
| Taxes, remuneration and social security | 45 | €31,105 | €42,777 | +€11,672 | +37.5% |
| Taxes | 450/3 | €11,829 | €8,648 | -€3,182 | -26.9% |
| Remuneration and social security | 454/9 | €19,276 | €34,130 | +€14,854 | +77.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,660 | €2,440 | -€220 | -8.3% |
| Remuneration, social security and pensions | 62 | €157,956 | €165,508 | +€7,552 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,264 | €36,326 | +€62 | +0.2% |
| Other operating charges | 640/8 | €690 | €679 | -€11 | -1.6% |
| Gross operating margin | 9900 | €323,927 | €296,413 | -€27,514 | -8.5% |
| Operating profit (loss) | 9901 | €129,016 | €93,900 | -€35,116 | -27.2% |
| Financial income | 75/76B | €1,332 | €1,454 | +€122 | +9.1% |
| Recurring financial income | 75 | €1,332 | €1,454 | +€122 | +9.1% |
| Financial charges | 65/66B | €229 | €232 | +€2 | +1.1% |
| Recurring financial charges | 65 | €229 | €232 | +€2 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €130,119 | €95,123 | -€34,997 | -26.9% |
| Income taxes | 67/77 | €11,829 | €8,648 | -€3,182 | -26.9% |
| Profit (loss) for the period | 9904 | €118,290 | €86,475 | -€31,815 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,290 | €86,475 | -€31,815 | -26.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.