Calor: 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.
Calor
Largest movements
- Receivables within one year -€67,101
down €67,101 (-78.8%), from €85,100 to €17,999
of which Trade receivables: -€67,250
- Cash +€22,656
up €22,656 (+1,539%), from €1,472 to €24,128
mainly Other debts (+€121,074) and Receivables within one year (+€67,101)
- Debts after one year -€184,200
down €184,200 (-33.3%), from €552,600 to €368,400
- Other debts +€121,074
up €121,074 (+51.7%), from €234,341 to €355,415
- Trade debts +€20,586
up €20,586 (+154%), from €13,385 to €33,971
- Gross operating margin +€2,793
up €2,793 (+7.0%), from €39,890 to €42,683
- Financial charges +€809
up €809 (+2.1%), from €39,090 to €39,899
- Taxes +€446
up €446 (+467%), from €96 to €542
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 | €1,400,143 | €1,355,698 | -€44,445 | -3.2% |
| Fixed assets | 21/28 | €1,313,571 | €1,313,571 | = | 0.0% |
| Financial fixed assets | 28 | €1,313,571 | €1,313,571 | = | 0.0% |
| Current assets | 29/58 | €86,572 | €42,127 | -€44,445 | -51.3% |
| Amounts receivable within one year | 40/41 | €85,100 | €17,999 | -€67,101 | -78.8% |
| Trade receivables | 40 | €85,100 | €17,850 | -€67,250 | -79.0% |
| Other amounts receivable | 41 | - | €149 | +€149 | |
| Cash at bank and in hand | 54/58 | €1,472 | €24,128 | +€22,656 | +1,539% |
| Total equity and liabilities | 10/49 | €1,400,143 | €1,355,698 | -€44,445 | -3.2% |
| Equity | 10/15 | €394,326 | €395,815 | +€1,489 | +0.4% |
| Contributions | 10/11 | €394,071 | €394,071 | = | 0.0% |
| Reserves | 13 | €255 | €1,744 | +€1,489 | +584% |
| Distributable reserves | 133 | €255 | €1,744 | +€1,489 | +584% |
| Amounts payable | 17/49 | €1,005,817 | €959,883 | -€45,934 | -4.6% |
| Amounts payable after more than one year | 17 | €552,600 | €368,400 | -€184,200 | -33.3% |
| Financial debts | 170/4 | €552,600 | €368,400 | -€184,200 | -33.3% |
| Amounts payable within one year | 42/48 | €453,217 | €591,483 | +€138,266 | +30.5% |
| Current portion of amounts payable after more than one year | 42 | €202,079 | €201,460 | -€619 | -0.3% |
| Trade debts | 44 | €13,385 | €33,971 | +€20,586 | +154% |
| Suppliers | 440/4 | €13,385 | €33,971 | +€20,586 | +154% |
| Taxes, remuneration and social security | 45 | €3,412 | €637 | -€2,774 | -81.3% |
| Taxes | 450/3 | €3,412 | €637 | -€2,774 | -81.3% |
| Other amounts payable | 47/48 | €234,341 | €355,415 | +€121,074 | +51.7% |
| Other operating charges | 640/8 | €449 | €753 | +€304 | +67.6% |
| Gross operating margin | 9900 | €39,890 | €42,683 | +€2,793 | +7.0% |
| Operating profit (loss) | 9901 | €39,440 | €41,930 | +€2,489 | +6.3% |
| Financial charges | 65/66B | €39,090 | €39,899 | +€809 | +2.1% |
| Recurring financial charges | 65 | €39,090 | €39,899 | +€809 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €351 | €2,031 | +€1,680 | +479% |
| Income taxes | 67/77 | €96 | €542 | +€446 | +467% |
| Profit (loss) for the period | 9904 | €255 | €1,489 | +€1,234 | +484% |
| Profit (loss) for the period to be appropriated | 9905 | €255 | €1,489 | +€1,234 | +484% |
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 18 October 2026 via checked.be.