CALMODULINE: 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.
CALMODULINE
Largest movements
- Tangible fixed assets -€34,503
down €34,503 (-5.1%), from €680,969 to €646,465
of which Land and buildings: -€32,707
- Debts after one year -€65,904
down €65,904 (-14.3%), from €462,166 to €396,261
of which Financial debts: -€64,671
- Reserves +€32,154
up €32,154 (+33.0%), from €97,457 to €129,611
- Gross operating margin +€14,231
up €14,231 (+15.8%), from €90,214 to €104,445
- Taxes +€5,685
up €5,685 (+56.9%), from €9,987 to €15,672
- Depreciation -€1,568
down €1,568 (-3.9%), from €39,726 to €38,158
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 | €683,090 | €648,793 | -€34,297 | -5.0% |
| Fixed assets | 21/28 | €680,969 | €646,465 | -€34,503 | -5.1% |
| Tangible fixed assets | 22/27 | €680,969 | €646,465 | -€34,503 | -5.1% |
| Land and buildings | 22 | €678,324 | €645,617 | -€32,707 | -4.8% |
| Plant, machinery and equipment | 23 | €2,645 | €849 | -€1,796 | -67.9% |
| Current assets | 29/58 | €2,121 | €2,328 | +€207 | +9.7% |
| Amounts receivable within one year | 40/41 | €699 | €699 | = | 0.0% |
| Other amounts receivable | 41 | €699 | €699 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,422 | €460 | -€962 | -67.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,169 | +€1,169 | |
| Total equity and liabilities | 10/49 | €683,090 | €648,793 | -€34,297 | -5.0% |
| Equity | 10/15 | €135,939 | €168,093 | +€32,154 | +23.7% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €97,457 | €129,611 | +€32,154 | +33.0% |
| Distributable reserves | 133 | €97,457 | €129,611 | +€32,154 | +33.0% |
| Profit (loss) carried forward | 14 | €11,482 | €11,482 | = | 0.0% |
| Amounts payable | 17/49 | €547,151 | €480,700 | -€66,451 | -12.1% |
| Amounts payable after more than one year | 17 | €462,166 | €396,261 | -€65,904 | -14.3% |
| Financial debts | 170/4 | €432,854 | €368,183 | -€64,671 | -14.9% |
| Other amounts payable | 178/9 | €29,311 | €28,078 | -€1,233 | -4.2% |
| Amounts payable within one year | 42/48 | €84,218 | €83,651 | -€567 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €63,724 | €64,671 | +€947 | +1.5% |
| Trade debts | 44 | €4,806 | €4,037 | -€769 | -16.0% |
| Suppliers | 440/4 | €4,806 | €4,037 | -€769 | -16.0% |
| Taxes, remuneration and social security | 45 | €7,024 | €12,859 | +€5,834 | +83.1% |
| Taxes | 450/3 | €7,024 | €12,859 | +€5,834 | +83.1% |
| Other amounts payable | 47/48 | €8,663 | €2,084 | -€6,579 | -75.9% |
| Accrued charges and deferred income | 492/3 | €767 | €788 | +€21 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,726 | €38,158 | -€1,568 | -3.9% |
| Other operating charges | 640/8 | €8,398 | €8,875 | +€477 | +5.7% |
| Gross operating margin | 9900 | €90,214 | €104,445 | +€14,231 | +15.8% |
| Operating profit (loss) | 9901 | €42,090 | €57,413 | +€15,323 | +36.4% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €10,249 | €9,586 | -€663 | -6.5% |
| Recurring financial charges | 65 | €10,249 | €9,586 | -€663 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €31,851 | €47,827 | +€15,976 | +50.2% |
| Income taxes | 67/77 | €9,987 | €15,672 | +€5,685 | +56.9% |
| Profit (loss) for the period | 9904 | €21,864 | €32,154 | +€10,290 | +47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,864 | €32,154 | +€10,290 | +47.1% |
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 6 October 2026 via checked.be.