CALMOS: 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.
CALMOS
Largest movements
- Cash -€14,231
down €14,231 (-32.6%), from €43,637 to €29,406
mainly Net result for the year (-€22,716) and Tax, wage and social debts (-€5,861)
- Tangible fixed assets -€6,771
down €6,771 (-28.4%), from €23,846 to €17,075
of which Other tangible fixed assets: -€5,332
- Stocks and contracts -€4,308
down €4,308 (-23.8%), from €18,116 to €13,808
- Profit (loss) carried forward -€22,716
down €22,716 (-63.8%), from -€35,599 to -€58,315
- Trade debts +€7,835
up €7,835 (+53.7%), from €14,581 to €22,416
- Tax, wage and social debts -€5,861
down €5,861 (-22.4%), from €26,114 to €20,254
of which Remuneration and social security: -€4,266
- Investment grants -€3,458
down €3,458 (-36.1%), from €9,574 to €6,116
- Gross operating margin -€29,678
down €29,678 (-19.0%), from €155,964 to €126,285
- Other operating charges -€1,623
down €1,623 (-23.3%), from €6,968 to €5,345
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 | €89,671 | €65,472 | -€24,199 | -27.0% |
| Fixed assets | 21/28 | €27,912 | €21,257 | -€6,655 | -23.8% |
| Tangible fixed assets | 22/27 | €23,846 | €17,075 | -€6,771 | -28.4% |
| Furniture and vehicles | 24 | €3,824 | €2,384 | -€1,439 | -37.6% |
| Other tangible fixed assets | 26 | €20,023 | €14,691 | -€5,332 | -26.6% |
| Financial fixed assets | 28 | €4,066 | €4,182 | +€116 | +2.9% |
| Current assets | 29/58 | €61,759 | €44,214 | -€17,544 | -28.4% |
| Stocks and contracts in progress | 3 | €18,116 | €13,808 | -€4,308 | -23.8% |
| Stocks | 30/36 | €18,116 | €13,808 | -€4,308 | -23.8% |
| Amounts receivable within one year | 40/41 | €6 | €789 | +€783 | +13005.0% |
| Trade receivables | 40 | - | €764 | +€764 | |
| Other amounts receivable | 41 | €6 | €25 | +€19 | +308.5% |
| Cash at bank and in hand | 54/58 | €43,637 | €29,406 | -€14,231 | -32.6% |
| Deferred charges and accrued income | 490/1 | - | €212 | +€212 | |
| Total equity and liabilities | 10/49 | €89,671 | €65,472 | -€24,199 | -27.0% |
| Equity | 10/15 | €48,975 | €22,801 | -€26,174 | -53.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,599 | -€58,315 | -€22,716 | -63.8% |
| Investment grants | 15 | €9,574 | €6,116 | -€3,458 | -36.1% |
| Amounts payable | 17/49 | €40,695 | €42,670 | +€1,975 | +4.9% |
| Amounts payable within one year | 42/48 | €40,695 | €42,670 | +€1,975 | +4.9% |
| Trade debts | 44 | €14,581 | €22,416 | +€7,835 | +53.7% |
| Suppliers | 440/4 | €14,581 | €22,416 | +€7,835 | +53.7% |
| Taxes, remuneration and social security | 45 | €26,114 | €20,254 | -€5,861 | -22.4% |
| Taxes | 450/3 | €10,182 | €8,588 | -€1,594 | -15.7% |
| Remuneration and social security | 454/9 | €15,933 | €11,666 | -€4,266 | -26.8% |
| Remuneration, social security and pensions | 62 | €136,403 | €135,884 | -€519 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,048 | €6,771 | -€1,276 | -15.9% |
| Other operating charges | 640/8 | €6,968 | €5,345 | -€1,623 | -23.3% |
| Gross operating margin | 9900 | €155,964 | €126,285 | -€29,678 | -19.0% |
| Operating profit (loss) | 9901 | €4,545 | -€21,715 | -€26,260 | |
| Financial income | 75/76B | €4,342 | €3,548 | -€794 | -18.3% |
| Recurring financial income | 75 | €4,342 | €3,548 | -€794 | -18.3% |
| Financial charges | 65/66B | €4,813 | €4,550 | -€263 | -5.5% |
| Recurring financial charges | 65 | €4,813 | €4,550 | -€263 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €4,074 | -€22,716 | -€26,791 | |
| Profit (loss) for the period | 9904 | €4,074 | -€22,716 | -€26,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,074 | -€22,716 | -€26,791 |
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 10 October 2026 via checked.be.