CALLIN WEST: 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.
CALLIN WEST
Largest movements
- Cash +€31,144
up €31,144 (+68.8%), from €45,277 to €76,421
mainly Net result for the year (+€24,201) and Depreciation (+€22,741)
- Tangible fixed assets -€22,741
down €22,741 (-31.5%), from €72,244 to €49,502
of which Land and buildings: -€12,977
- Receivables within one year -€8,133
down €8,133 (-70.2%), from €11,588 to €3,455
of which Other amounts receivable: -€5,433
- Deferred charges and accrued income +€2,984
up €2,984 (+149.2%), from €2,000 to €4,984
- Debts after one year -€27,296
down €27,296 (-95.9%), from €28,465 to €1,168
- Reserves +€23,000
up €23,000 (+49.4%), from €46,590 to €69,590
- Trade debts +€6,287
up €6,287 (+49.7%), from €12,651 to €18,937
- Current portion of long-term debt -€1,590
down €1,590 (-5.5%), from €28,886 to €27,296
- Tax, wage and social debts +€1,429
new in 2025: €1,429
- Financial income -€20,089
down €20,089 (-98.4%), from €20,419 to €330
of which Non-recurring financial income: -€20,278
- Gross operating margin +€9,156
up €9,156 (+16.6%), from €55,163 to €64,319
- Depreciation +€4,896
up €4,896 (+27.4%), from €17,845 to €22,741
- Taxes -€4,094
down €4,094 (-24.5%), from €16,738 to €12,644
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 | €131,133 | €134,387 | +€3,254 | +2.5% |
| Fixed assets | 21/28 | €72,268 | €49,527 | -€22,741 | -31.5% |
| Tangible fixed assets | 22/27 | €72,244 | €49,502 | -€22,741 | -31.5% |
| Land and buildings | 22 | €21,440 | €8,463 | -€12,977 | -60.5% |
| Furniture and vehicles | 24 | €43,954 | €34,189 | -€9,765 | -22.2% |
| Other tangible fixed assets | 26 | €6,850 | €6,850 | = | 0.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €58,865 | €84,860 | +€25,995 | +44.2% |
| Amounts receivable within one year | 40/41 | €11,588 | €3,455 | -€8,133 | -70.2% |
| Trade receivables | 40 | €6,155 | €3,455 | -€2,700 | -43.9% |
| Other amounts receivable | 41 | €5,433 | - | -€5,433 | |
| Cash at bank and in hand | 54/58 | €45,277 | €76,421 | +€31,144 | +68.8% |
| Deferred charges and accrued income | 490/1 | €2,000 | €4,984 | +€2,984 | +149.2% |
| Total equity and liabilities | 10/49 | €131,133 | €134,387 | +€3,254 | +2.5% |
| Equity | 10/15 | €47,451 | €71,652 | +€24,201 | +51.0% |
| Reserves | 13 | €46,590 | €69,590 | +€23,000 | +49.4% |
| Distributable reserves | 133 | €46,590 | €69,590 | +€23,000 | +49.4% |
| Profit (loss) carried forward | 14 | €862 | €2,062 | +€1,201 | +139.4% |
| Amounts payable | 17/49 | €83,682 | €62,735 | -€20,947 | -25.0% |
| Amounts payable after more than one year | 17 | €28,465 | €1,168 | -€27,296 | -95.9% |
| Financial debts | 170/4 | €28,465 | €1,168 | -€27,296 | -95.9% |
| Amounts payable within one year | 42/48 | €55,218 | €61,567 | +€6,349 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €28,886 | €27,296 | -€1,590 | -5.5% |
| Financial debts | 43 | €13,681 | €12,529 | -€1,152 | -8.4% |
| Credit institutions | 430/8 | €13,681 | €12,529 | -€1,152 | -8.4% |
| Trade debts | 44 | €12,651 | €18,937 | +€6,287 | +49.7% |
| Suppliers | 440/4 | €12,651 | €18,937 | +€6,287 | +49.7% |
| Taxes, remuneration and social security | 45 | - | €1,429 | +€1,429 | |
| Taxes | 450/3 | - | €1,429 | +€1,429 | |
| Other amounts payable | 47/48 | - | €1,375 | +€1,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,845 | €22,741 | +€4,896 | +27.4% |
| Other operating charges | 640/8 | €2,067 | €2,226 | +€159 | +7.7% |
| Gross operating margin | 9900 | €55,163 | €64,319 | +€9,156 | +16.6% |
| Operating profit (loss) | 9901 | €35,251 | €39,352 | +€4,101 | +11.6% |
| Financial income | 75/76B | €20,419 | €330 | -€20,089 | -98.4% |
| Recurring financial income | 75 | €140 | €330 | +€189 | +134.7% |
| Non-recurring financial income | 76B | €20,278 | - | -€20,278 | |
| Financial charges | 65/66B | €3,439 | €2,837 | -€602 | -17.5% |
| Recurring financial charges | 65 | €3,439 | €2,837 | -€602 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €52,231 | €36,845 | -€15,387 | -29.5% |
| Income taxes | 67/77 | €16,738 | €12,644 | -€4,094 | -24.5% |
| Profit (loss) for the period | 9904 | €35,493 | €24,201 | -€11,292 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,493 | €24,201 | -€11,292 | -31.8% |
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 12 October 2026 via checked.be.