Callewaert: what changed
What changed
Callewaert
filed annual accounts (NBB)
Net result for the year
€45,390
2024 · €39,865+€5,525
Equity
€3,000
2024 · €151,979-€148,979
Cash
€15,840
2024 · €9,752+€6,087
Balance sheet total
€238,084
2024 · €198,271+€39,813
Largest movements
Assets
- Receivables within one year +€38,163
up €38,163 (+52.2%), from €73,041 to €111,203
- Cash +€6,087
up €6,087 (+62.4%), from €9,752 to €15,840
mainly Other debts (+€226,369) and Net result for the year (+€45,390)
- Tangible fixed assets -€5,990
down €5,990 (-47.9%), from €12,515 to €6,525
Equity and liabilities
- Other debts +€226,369
new in 2025: €226,369
- Profit (loss) carried forward -€148,979
no longer reported in 2025 (was €148,979)
- Debts after one year -€36,148
no longer reported in 2025 (was €36,148)
Income statement
- Gross operating margin +€5,306
up €5,306 (+9.8%), from €54,303 to €59,608
- Financial income +€1,645
up €1,645 (+29.5%), from €5,582 to €7,227
- Taxes +€1,367
up €1,367 (+12.9%), from €10,606 to €11,973
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.
Result 2024
€39,865
Gross operating margin
+€5,306
Depreciation
-€167
Other operating charges
-€20
Financial income
+€1,645
Financial charges
+€128
Taxes
-€1,367
Result 2025
€45,390
raises the resultlowers the result
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.
From operations
+€240,817
Investment
-€2,259
Financing
-€232,471
Cash 2024
€9,752
From operations (derived)
+€240,817
Net result for the year
+€45,390
Depreciation
+€8,249
Receivables within one year
-€38,163
Deferred charges and accrued income
-€1,553
Trade debts
-€520
Tax, wage and social debts
+€1,782
Other debts
+€226,369
Accrued charges and deferred income
-€736
Investment (derived)
-€2,259
Investment in fixed assets (net)
-€2,259
Financing
-€232,471
Debts after one year
-€36,148
Current portion of long-term debt
-€1,955
Contributions, distributions and other
-€194,369
Cash 2025
€15,840
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,271 | €238,084 | +€39,813 | +20.1% |
| Fixed assets | 21/28 | €13,015 | €7,025 | -€5,990 | -46.0% |
| Tangible fixed assets | 22/27 | €12,515 | €6,525 | -€5,990 | -47.9% |
| Furniture and vehicles | 24 | €12,515 | €6,525 | -€5,990 | -47.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €185,256 | €231,059 | +€45,803 | +24.7% |
| Amounts receivable after more than one year | 29 | €97,000 | €97,000 | = | 0.0% |
| Other amounts receivable | 291 | €97,000 | €97,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,041 | €111,203 | +€38,163 | +52.2% |
| Other amounts receivable | 41 | €73,041 | €111,203 | +€38,163 | +52.2% |
| Cash at bank and in hand | 54/58 | €9,752 | €15,840 | +€6,087 | +62.4% |
| Deferred charges and accrued income | 490/1 | €5,463 | €7,016 | +€1,553 | +28.4% |
| Total equity and liabilities | 10/49 | €198,271 | €238,084 | +€39,813 | +20.1% |
| Equity | 10/15 | €151,979 | €3,000 | -€148,979 | -98.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,979 | - | -€148,979 | |
| Amounts payable | 17/49 | €46,292 | €235,084 | +€188,792 | +408% |
| Amounts payable after more than one year | 17 | €36,148 | - | -€36,148 | |
| Financial debts | 170/4 | €36,148 | - | -€36,148 | |
| Amounts payable within one year | 42/48 | €8,869 | €234,544 | +€225,675 | +2,545% |
| Current portion of amounts payable after more than one year | 42 | €6,102 | €4,148 | -€1,955 | -32.0% |
| Trade debts | 44 | €2,696 | €2,176 | -€520 | -19.3% |
| Suppliers | 440/4 | €2,696 | €2,176 | -€520 | -19.3% |
| Taxes, remuneration and social security | 45 | €70 | €1,852 | +€1,782 | +2,543% |
| Taxes | 450/3 | €70 | €1,852 | +€1,782 | +2,543% |
| Other amounts payable | 47/48 | - | €226,369 | +€226,369 | |
| Accrued charges and deferred income | 492/3 | €1,276 | €540 | -€736 | -57.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,083 | €8,249 | +€167 | +2.1% |
| Other operating charges | 640/8 | €855 | €875 | +€20 | +2.4% |
| Gross operating margin | 9900 | €54,303 | €59,608 | +€5,306 | +9.8% |
| Operating profit (loss) | 9901 | €45,365 | €50,483 | +€5,118 | +11.3% |
| Financial income | 75/76B | €5,582 | €7,227 | +€1,645 | +29.5% |
| Recurring financial income | 75 | €5,582 | €7,227 | +€1,645 | +29.5% |
| Financial charges | 65/66B | €476 | €348 | -€128 | -26.9% |
| Recurring financial charges | 65 | €476 | €348 | -€128 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €50,471 | €57,362 | +€6,892 | +13.7% |
| Income taxes | 67/77 | €10,606 | €11,973 | +€1,367 | +12.9% |
| Profit (loss) for the period | 9904 | €39,865 | €45,390 | +€5,525 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,865 | €45,390 | +€5,525 | +13.9% |
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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 1 November 2026 via checked.be.