CALO Consulting: 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 Consulting
Largest movements
- Receivables within one year -€30,783
down €30,783 (-20.1%), from €153,026 to €122,243
of which Trade receivables: -€31,759
- Tangible fixed assets -€26,526
down €26,526 (-3.2%), from €834,594 to €808,068
of which Land and buildings: -€28,505
- Cash +€16,984
up €16,984 (+52.3%), from €32,470 to €49,455
mainly Net result for the year (+€75,037) and Receivables within one year (+€30,783)
- Reserves +€75,037
up €75,037 (+15.0%), from €500,482 to €575,518
of which Distributable reserves: +€63,429
- Other debts -€68,455
down €68,455 (-33.8%), from €202,576 to €134,121
- Debts after one year -€46,407
down €46,407 (-20.2%), from €230,125 to €183,719
- Financial charges -€5,558
down €5,558 (-24.8%), from €22,370 to €16,812
- Gross operating margin +€4,935
up €4,935 (+3.3%), from €149,718 to €154,654
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,023,717 | €983,622 | -€40,095 | -3.9% |
| Fixed assets | 21/28 | €834,594 | €808,068 | -€26,526 | -3.2% |
| Tangible fixed assets | 22/27 | €834,594 | €808,068 | -€26,526 | -3.2% |
| Land and buildings | 22 | €834,594 | €806,089 | -€28,505 | -3.4% |
| Plant, machinery and equipment | 23 | - | €1,978 | +€1,978 | |
| Current assets | 29/58 | €189,122 | €175,554 | -€13,568 | -7.2% |
| Amounts receivable within one year | 40/41 | €153,026 | €122,243 | -€30,783 | -20.1% |
| Trade receivables | 40 | €55,475 | €23,716 | -€31,759 | -57.2% |
| Other amounts receivable | 41 | €97,552 | €98,527 | +€976 | +1.0% |
| Cash at bank and in hand | 54/58 | €32,470 | €49,455 | +€16,984 | +52.3% |
| Deferred charges and accrued income | 490/1 | €3,626 | €3,856 | +€230 | +6.4% |
| Total equity and liabilities | 10/49 | €1,023,717 | €983,622 | -€40,095 | -3.9% |
| Equity | 10/15 | €512,882 | €587,918 | +€75,037 | +14.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €500,482 | €575,518 | +€75,037 | +15.0% |
| Tax-exempt reserves | 132 | €188 | €11,795 | +€11,607 | +6,184% |
| Distributable reserves | 133 | €500,294 | €563,723 | +€63,429 | +12.7% |
| Provisions and deferred taxes | 16 | - | €3,869 | +€3,869 | |
| Deferred taxes | 168 | - | €3,869 | +€3,869 | |
| Amounts payable | 17/49 | €510,835 | €391,834 | -€119,001 | -23.3% |
| Amounts payable after more than one year | 17 | €230,125 | €183,719 | -€46,407 | -20.2% |
| Financial debts | 170/4 | €230,125 | €183,719 | -€46,407 | -20.2% |
| Amounts payable within one year | 42/48 | €261,748 | €193,928 | -€67,821 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €45,584 | €46,407 | +€823 | +1.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,716 | €3,291 | +€575 | +21.2% |
| Suppliers | 440/4 | €2,716 | €3,291 | +€575 | +21.2% |
| Taxes, remuneration and social security | 45 | €10,873 | €10,109 | -€764 | -7.0% |
| Taxes | 450/3 | €10,873 | €10,109 | -€764 | -7.0% |
| Other amounts payable | 47/48 | €202,576 | €134,121 | -€68,455 | -33.8% |
| Accrued charges and deferred income | 492/3 | €18,961 | €14,188 | -€4,773 | -25.2% |
| Non-recurring operating income | 76A | - | €15,477 | +€15,477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,542 | €26,222 | -€1,320 | -4.8% |
| Other operating charges | 640/8 | €2,539 | €3,041 | +€502 | +19.8% |
| Gross operating margin | 9900 | €149,718 | €154,654 | +€4,935 | +3.3% |
| Operating profit (loss) | 9901 | €119,637 | €125,391 | +€5,753 | +4.8% |
| Financial income | 75/76B | €966 | €976 | +€10 | +1.0% |
| Recurring financial income | 75 | €966 | €976 | +€10 | +1.0% |
| Financial charges | 65/66B | €22,370 | €16,812 | -€5,558 | -24.8% |
| Recurring financial charges | 65 | €22,370 | €16,812 | -€5,558 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €98,233 | €109,554 | +€11,321 | +11.5% |
| Transfer to deferred taxes | 680 | - | €3,869 | +€3,869 | |
| Income taxes | 67/77 | €32,040 | €30,648 | -€1,392 | -4.3% |
| Profit (loss) for the period | 9904 | €66,193 | €75,037 | +€8,843 | +13.4% |
| Transfer to tax-exempt reserves | 689 | - | €11,607 | +€11,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,193 | €63,429 | -€2,764 | -4.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.