CALOFA: 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.
CALOFA
Largest movements
- Cash -€87,024
down €87,024 (-61.3%), from €142,074 to €55,050
mainly Current investments (-€75,000) and Other debts (-€54,694)
- Current investments +€75,000
new in 2025: €75,000
- Tangible fixed assets -€29,508
down €29,508 (-12.1%), from €243,899 to €214,392
of which Land and buildings: -€18,617
- Receivables within one year +€17,109
up €17,109 (+1,012%), from €1,690 to €18,798
of which Other amounts receivable: +€18,437
- Other debts -€54,694
down €54,694 (-98.0%), from €55,791 to €1,097
- Profit (loss) carried forward +€40,413
up €40,413 (+28.4%), from €142,374 to €182,787
- Debts after one year -€20,015
down €20,015 (-17.4%), from €115,354 to €95,339
- Tax, wage and social debts +€10,155
up €10,155 (+454%), from €2,236 to €12,391
- Gross operating margin +€16,554
up €16,554 (+11.5%), from €143,474 to €160,028
- Taxes +€11,576
up €11,576 (+55.7%), from €20,772 to €32,348
- Depreciation -€5,668
down €5,668 (-16.1%), from €35,175 to €29,508
- Financial income +€3,518
up €3,518 (+1,134,787%), from €0 to €3,518
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 | €396,159 | €371,016 | -€25,143 | -6.3% |
| Fixed assets | 21/28 | €243,908 | €214,401 | -€29,508 | -12.1% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €243,899 | €214,392 | -€29,508 | -12.1% |
| Land and buildings | 22 | €200,777 | €182,160 | -€18,617 | -9.3% |
| Plant, machinery and equipment | 23 | €7,769 | €6,102 | -€1,667 | -21.5% |
| Furniture and vehicles | 24 | €35,353 | €26,130 | -€9,224 | -26.1% |
| Financial fixed assets | 28 | €8 | €8 | = | 0.0% |
| Current assets | 29/58 | €152,251 | €156,616 | +€4,365 | +2.9% |
| Stocks and contracts in progress | 3 | €5,017 | €2,955 | -€2,062 | -41.1% |
| Stocks | 30/36 | €5,017 | €2,955 | -€2,062 | -41.1% |
| Amounts receivable within one year | 40/41 | €1,690 | €18,798 | +€17,109 | +1,012% |
| Trade receivables | 40 | €1,375 | €47 | -€1,329 | -96.6% |
| Other amounts receivable | 41 | €314 | €18,752 | +€18,437 | +5,864% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €142,074 | €55,050 | -€87,024 | -61.3% |
| Deferred charges and accrued income | 490/1 | €3,470 | €4,813 | +€1,342 | +38.7% |
| Total equity and liabilities | 10/49 | €396,159 | €371,016 | -€25,143 | -6.3% |
| Equity | 10/15 | €191,374 | €231,787 | +€40,413 | +21.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €44,000 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,374 | €182,787 | +€40,413 | +28.4% |
| Amounts payable | 17/49 | €204,785 | €139,229 | -€65,556 | -32.0% |
| Amounts payable after more than one year | 17 | €115,354 | €95,339 | -€20,015 | -17.4% |
| Financial debts | 170/4 | €115,354 | €95,339 | -€20,015 | -17.4% |
| Amounts payable within one year | 42/48 | €89,341 | €43,545 | -€45,795 | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €19,517 | €20,015 | +€498 | +2.5% |
| Trade debts | 44 | €11,797 | €10,043 | -€1,754 | -14.9% |
| Suppliers | 440/4 | €11,797 | €10,043 | -€1,754 | -14.9% |
| Taxes, remuneration and social security | 45 | €2,236 | €12,391 | +€10,155 | +454% |
| Taxes | 450/3 | €2,236 | €12,391 | +€10,155 | +454% |
| Other amounts payable | 47/48 | €55,791 | €1,097 | -€54,694 | -98.0% |
| Accrued charges and deferred income | 492/3 | €90 | €345 | +€255 | +283% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,175 | €29,508 | -€5,668 | -16.1% |
| Other operating charges | 640/8 | €2,207 | €2,959 | +€752 | +34.1% |
| Gross operating margin | 9900 | €143,474 | €160,028 | +€16,554 | +11.5% |
| Operating profit (loss) | 9901 | €106,092 | €127,561 | +€21,469 | +20.2% |
| Financial income | 75/76B | €0 | €3,518 | +€3,518 | +1,134,787% |
| Recurring financial income | 75 | €0 | €3,518 | +€3,518 | +1,134,787% |
| Financial charges | 65/66B | €8,145 | €8,319 | +€174 | +2.1% |
| Recurring financial charges | 65 | €8,145 | €8,319 | +€174 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €97,947 | €122,761 | +€24,813 | +25.3% |
| Income taxes | 67/77 | €20,772 | €32,348 | +€11,576 | +55.7% |
| Profit (loss) for the period | 9904 | €77,176 | €90,413 | +€13,237 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €77,176 | €90,413 | +€13,237 | +17.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.