CALOE: 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.
CALOE
Largest movements
- Receivables within one year -€6,134
down €6,134 (-49.6%), from €12,357 to €6,223
of which Trade receivables: -€7,349
- Cash +€4,409
up €4,409 (+40.8%), from €10,811 to €15,220
mainly Receivables within one year (+€6,134) and Tax, wage and social debts (+€2,525)
- Tangible fixed assets -€734
down €734 (-37.4%), from €1,965 to €1,231
- Profit (loss) carried forward -€4,294
down €4,294 (-24.6%), from €17,478 to €13,184
- Tax, wage and social debts +€2,525
up €2,525 (+70.9%), from €3,560 to €6,085
- Trade debts -€1,121
down €1,121 (-38.1%), from €2,943 to €1,823
- Other debts +€590
up €590 (+68.7%), from €859 to €1,449
- Gross operating margin -€24,774
down €24,774, from €23,883 to -€890
- Taxes -€5,148
down €5,148 (-97.5%), from €5,280 to €132
- Financial charges +€1,536
up €1,536 (+1319.2%), from €116 to €1,653
- Depreciation +€497
up €497 (+209.3%), from €237 to €734
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 | €25,340 | €23,041 | -€2,299 | -9.1% |
| Fixed assets | 21/28 | €1,965 | €1,231 | -€734 | -37.4% |
| Tangible fixed assets | 22/27 | €1,965 | €1,231 | -€734 | -37.4% |
| Furniture and vehicles | 24 | €1,965 | €1,231 | -€734 | -37.4% |
| Current assets | 29/58 | €23,375 | €21,810 | -€1,565 | -6.7% |
| Amounts receivable within one year | 40/41 | €12,357 | €6,223 | -€6,134 | -49.6% |
| Trade receivables | 40 | €8,824 | €1,475 | -€7,349 | -83.3% |
| Other amounts receivable | 41 | €3,533 | €4,748 | +€1,215 | +34.4% |
| Cash at bank and in hand | 54/58 | €10,811 | €15,220 | +€4,409 | +40.8% |
| Deferred charges and accrued income | 490/1 | €206 | €366 | +€160 | +77.5% |
| Total equity and liabilities | 10/49 | €25,340 | €23,041 | -€2,299 | -9.1% |
| Equity | 10/15 | €17,978 | €13,684 | -€4,294 | -23.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,478 | €13,184 | -€4,294 | -24.6% |
| Amounts payable | 17/49 | €7,362 | €9,357 | +€1,995 | +27.1% |
| Amounts payable within one year | 42/48 | €7,362 | €9,357 | +€1,995 | +27.1% |
| Trade debts | 44 | €2,943 | €1,823 | -€1,121 | -38.1% |
| Suppliers | 440/4 | €2,943 | €1,823 | -€1,121 | -38.1% |
| Taxes, remuneration and social security | 45 | €3,560 | €6,085 | +€2,525 | +70.9% |
| Taxes | 450/3 | €3,560 | €6,085 | +€2,525 | +70.9% |
| Other amounts payable | 47/48 | €859 | €1,449 | +€590 | +68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €734 | +€497 | +209.3% |
| Other operating charges | 640/8 | - | €116 | +€116 | |
| Gross operating margin | 9900 | €23,883 | -€890 | -€24,774 | |
| Operating profit (loss) | 9901 | €23,646 | -€1,741 | -€25,387 | |
| Financial income | 75/76B | €87 | €65 | -€22 | -25.7% |
| Recurring financial income | 75 | €87 | €65 | -€22 | -25.7% |
| Financial charges | 65/66B | €116 | €1,653 | +€1,536 | +1319.2% |
| Recurring financial charges | 65 | €116 | €1,653 | +€1,536 | +1319.2% |
| Profit (loss) for the period before taxes | 9903 | €23,617 | -€3,329 | -€26,945 | |
| Income taxes | 67/77 | €5,280 | €132 | -€5,148 | -97.5% |
| Profit (loss) for the period | 9904 | €18,337 | -€3,461 | -€21,797 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,337 | -€3,461 | -€21,797 |
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 7 October 2026 via checked.be.