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
- Tangible fixed assets -€11,887
down €11,887 (-29.3%), from €40,575 to €28,688
- Receivables within one year -€1,640
down €1,640 (-29.5%), from €5,567 to €3,928
- Cash -€1,402
down €1,402 (-25.1%), from €5,578 to €4,176
mainly Net result for the year (-€16,616) and Tax, wage and social debts (-€567)
- Profit (loss) carried forward -€16,616
down €16,616 (-60.4%), from -€27,519 to -€44,135
- Trade debts +€1,609
up €1,609 (+151.2%), from €1,064 to €2,673
- Tax, wage and social debts -€567
down €567 (-60.6%), from €936 to €368
- Gross operating margin -€2,818
down €2,818, from €1,064 to -€1,754
- Other operating charges +€84
new in 2025: €84
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 | €54,480 | €38,906 | -€15,574 | -28.6% |
| Formation expenses | 20 | €1,177 | €785 | -€392 | -33.3% |
| Fixed assets | 21/28 | €41,146 | €28,968 | -€12,178 | -29.6% |
| Intangible fixed assets | 21 | €571 | €280 | -€292 | -51.0% |
| Tangible fixed assets | 22/27 | €40,575 | €28,688 | -€11,887 | -29.3% |
| Plant, machinery and equipment | 23 | €40,575 | €28,688 | -€11,887 | -29.3% |
| Current assets | 29/58 | €12,157 | €9,153 | -€3,004 | -24.7% |
| Amounts receivable within one year | 40/41 | €5,567 | €3,928 | -€1,640 | -29.5% |
| Trade receivables | 40 | €5,567 | €3,928 | -€1,640 | -29.5% |
| Cash at bank and in hand | 54/58 | €5,578 | €4,176 | -€1,402 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,050 | +€38 | +3.7% |
| Total equity and liabilities | 10/49 | €54,480 | €38,906 | -€15,574 | -28.6% |
| Equity | 10/15 | €22,481 | €5,865 | -€16,616 | -73.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,519 | -€44,135 | -€16,616 | -60.4% |
| Amounts payable | 17/49 | €32,000 | €33,041 | +€1,041 | +3.3% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,000 | €3,041 | +€1,041 | +52.1% |
| Trade debts | 44 | €1,064 | €2,673 | +€1,609 | +151.2% |
| Suppliers | 440/4 | €1,064 | €2,673 | +€1,609 | +151.2% |
| Taxes, remuneration and social security | 45 | €936 | €368 | -€567 | -60.6% |
| Taxes | 450/3 | €936 | €368 | -€567 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,571 | €12,571 | = | 0.0% |
| Other operating charges | 640/8 | - | €84 | +€84 | |
| Gross operating margin | 9900 | €1,064 | -€1,754 | -€2,818 | |
| Operating profit (loss) | 9901 | -€11,507 | -€14,409 | -€2,902 | -25.2% |
| Financial charges | 65/66B | €2,207 | €2,207 | = | 0.0% |
| Recurring financial charges | 65 | €2,207 | €2,207 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,714 | -€16,616 | -€2,902 | -21.2% |
| Profit (loss) for the period | 9904 | -€13,714 | -€16,616 | -€2,902 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,714 | -€16,616 | -€2,902 | -21.2% |
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.