CALO: 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.
CALO
Largest movements
- Receivables within one year -€207,141
down €207,141 (-33.9%), from €610,837 to €403,695
of which Other amounts receivable: -€189,061
- Cash -€49,126
down €49,126 (-35.9%), from €137,000 to €87,873
mainly Other debts (-€319,329) and Contributions, distributions and other (-€70,000)
- Tangible fixed assets -€37,482
down €37,482 (-2.8%), from €1.4m to €1.3m
of which Land and buildings: -€40,858
- Other debts -€319,329
down €319,329 (-73.0%), from €437,201 to €117,872
- Reserves +€50,874
up €50,874 (+2,738%), from €1,858 to €52,732
of which Distributable reserves: +€50,874
- Staff costs +€18,958
up €18,958 (+18.2%), from €104,381 to €123,338
- Gross operating margin +€10,765
up €10,765 (+3.6%), from €302,362 to €313,127
- Depreciation +€9,882
up €9,882 (+30.1%), from €32,859 to €42,741
- Taxes -€5,660
down €5,660 (-23.3%), from €24,330 to €18,670
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.
Derived cash bridge
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 | €2,112,214 | €1,818,259 | -€293,955 | -13.9% |
| Fixed assets | 21/28 | €1,362,199 | €1,324,458 | -€37,741 | -2.8% |
| Intangible fixed assets | 21 | €341 | €81 | -€260 | -76.2% |
| Tangible fixed assets | 22/27 | €1,361,859 | €1,324,377 | -€37,482 | -2.8% |
| Land and buildings | 22 | €1,359,519 | €1,318,661 | -€40,858 | -3.0% |
| Plant, machinery and equipment | 23 | €2,340 | €1,292 | -€1,048 | -44.8% |
| Furniture and vehicles | 24 | €0 | €4,425 | +€4,425 | |
| Current assets | 29/58 | €750,014 | €493,801 | -€256,214 | -34.2% |
| Amounts receivable within one year | 40/41 | €610,837 | €403,695 | -€207,141 | -33.9% |
| Trade receivables | 40 | €23,615 | €5,535 | -€18,080 | -76.6% |
| Other amounts receivable | 41 | €587,222 | €398,160 | -€189,061 | -32.2% |
| Cash at bank and in hand | 54/58 | €137,000 | €87,873 | -€49,126 | -35.9% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,232 | +€54 | +2.5% |
| Total equity and liabilities | 10/49 | €2,112,214 | €1,818,259 | -€293,955 | -13.9% |
| Equity | 10/15 | €1,541,858 | €1,592,732 | +€50,874 | +3.3% |
| Contributions | 10/11 | €1,540,000 | €1,540,000 | = | 0.0% |
| Reserves | 13 | €1,858 | €52,732 | +€50,874 | +2,738% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,858 | €52,732 | +€50,874 | +2,738% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €570,356 | €225,527 | -€344,829 | -60.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €570,340 | €225,527 | -€344,813 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €11,909 | €0 | -€11,909 | -100% |
| Trade debts | 44 | €95,942 | €90,200 | -€5,742 | -6.0% |
| Suppliers | 440/4 | €95,942 | €90,200 | -€5,742 | -6.0% |
| Advances received on contracts in progress | 46 | €3,190 | €0 | -€3,190 | -100% |
| Taxes, remuneration and social security | 45 | €22,098 | €17,456 | -€4,642 | -21.0% |
| Taxes | 450/3 | €5,652 | €1,596 | -€4,055 | -71.8% |
| Remuneration and social security | 454/9 | €16,446 | €15,859 | -€587 | -3.6% |
| Other amounts payable | 47/48 | €437,201 | €117,872 | -€319,329 | -73.0% |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Remuneration, social security and pensions | 62 | €104,381 | €123,338 | +€18,958 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,859 | €42,741 | +€9,882 | +30.1% |
| Other operating charges | 640/8 | €10,300 | €9,016 | -€1,284 | -12.5% |
| Gross operating margin | 9900 | €302,362 | €313,127 | +€10,765 | +3.6% |
| Operating profit (loss) | 9901 | €154,821 | €138,031 | -€16,790 | -10.8% |
| Financial income | 75/76B | €10,712 | €8,482 | -€2,230 | -20.8% |
| Recurring financial income | 75 | €10,712 | €8,482 | -€2,230 | -20.8% |
| Financial charges | 65/66B | €4,564 | €6,969 | +€2,406 | +52.7% |
| Recurring financial charges | 65 | €4,564 | €6,969 | +€2,406 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €160,969 | €139,544 | -€21,425 | -13.3% |
| Income taxes | 67/77 | €24,330 | €18,670 | -€5,660 | -23.3% |
| Profit (loss) for the period | 9904 | €136,639 | €120,874 | -€15,766 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €136,639 | €120,874 | -€15,766 | -11.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.