Calora: 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.
Calora
Largest movements
- Stocks and contracts +€76,250
up €76,250 (+18.1%), from €422,250 to €498,500
of which Contracts in progress: +€77,000
- Tangible fixed assets -€25,197
down €25,197 (-5.1%), from €490,127 to €464,930
of which Land and buildings: -€35,102
- Cash -€23,551
down €23,551 (-61.0%), from €38,579 to €15,028
mainly Debts after one year (-€76,337) and Stocks and contracts (-€76,250)
- Debts after one year -€76,337
down €76,337 (-63.4%), from €120,456 to €44,119
- Trade debts +€62,629
up €62,629 (+11.6%), from €540,501 to €603,129
- Tax, wage and social debts +€35,900
up €35,900 (+52.5%), from €68,397 to €104,297
of which Remuneration and social security: +€18,149
- Reserves +€32,890
up €32,890 (+10.7%), from €306,730 to €339,620
of which Distributable reserves: +€50,000
- Gross operating margin +€219,178
up €219,178 (+23.9%), from €915,184 to €1.1m
- Staff costs +€175,409
up €175,409 (+24.8%), from €707,870 to €883,278
- Other operating charges +€45,611
up €45,611 (+132.4%), from €34,438 to €80,049
- Depreciation -€27,729
down €27,729 (-27.6%), from €100,297 to €72,569
- Taxes +€12,143
up €12,143 (+67.5%), from €17,990 to €30,132
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 | €1,513,009 | €1,559,890 | +€46,881 | +3.1% |
| Fixed assets | 21/28 | €491,973 | €466,286 | -€25,687 | -5.2% |
| Intangible fixed assets | 21 | €520 | €31 | -€489 | -94.1% |
| Tangible fixed assets | 22/27 | €490,127 | €464,930 | -€25,197 | -5.1% |
| Land and buildings | 22 | €361,232 | €326,130 | -€35,102 | -9.7% |
| Plant, machinery and equipment | 23 | €24,134 | €24,879 | +€745 | +3.1% |
| Furniture and vehicles | 24 | €104,761 | €113,921 | +€9,160 | +8.7% |
| Financial fixed assets | 28 | €1,326 | €1,326 | = | 0.0% |
| Current assets | 29/58 | €1,021,036 | €1,093,603 | +€72,567 | +7.1% |
| Stocks and contracts in progress | 3 | €422,250 | €498,500 | +€76,250 | +18.1% |
| Stocks | 30/36 | €196,750 | €196,000 | -€750 | -0.4% |
| Contracts in progress | 37 | €225,500 | €302,500 | +€77,000 | +34.1% |
| Amounts receivable within one year | 40/41 | €518,000 | €527,688 | +€9,688 | +1.9% |
| Trade receivables | 40 | €397,177 | €452,737 | +€55,560 | +14.0% |
| Other amounts receivable | 41 | €120,823 | €74,951 | -€45,872 | -38.0% |
| Cash at bank and in hand | 54/58 | €38,579 | €15,028 | -€23,551 | -61.0% |
| Deferred charges and accrued income | 490/1 | €42,207 | €52,388 | +€10,180 | +24.1% |
| Total equity and liabilities | 10/49 | €1,513,009 | €1,559,890 | +€46,881 | +3.1% |
| Equity | 10/15 | €456,230 | €491,510 | +€35,280 | +7.7% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Revaluation surpluses | 12 | €609 | €609 | = | 0.0% |
| Reserves | 13 | €306,730 | €339,620 | +€32,890 | +10.7% |
| Tax-exempt reserves | 132 | €62,991 | €45,881 | -€17,110 | -27.2% |
| Distributable reserves | 133 | €243,739 | €293,739 | +€50,000 | +20.5% |
| Profit (loss) carried forward | 14 | €79,891 | €82,281 | +€2,390 | +3.0% |
| Provisions and deferred taxes | 16 | €14,405 | €8,708 | -€5,697 | -39.6% |
| Deferred taxes | 168 | €14,405 | €8,708 | -€5,697 | -39.6% |
| Amounts payable | 17/49 | €1,042,374 | €1,059,672 | +€17,297 | +1.7% |
| Amounts payable after more than one year | 17 | €120,456 | €44,119 | -€76,337 | -63.4% |
| Financial debts | 170/4 | €120,456 | €44,119 | -€76,337 | -63.4% |
| Amounts payable within one year | 42/48 | €921,918 | €1,015,552 | +€93,634 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €113,021 | €108,126 | -€4,895 | -4.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €540,501 | €603,129 | +€62,629 | +11.6% |
| Suppliers | 440/4 | €540,501 | €603,129 | +€62,629 | +11.6% |
| Taxes, remuneration and social security | 45 | €68,397 | €104,297 | +€35,900 | +52.5% |
| Taxes | 450/3 | €17,774 | €35,525 | +€17,751 | +99.9% |
| Remuneration and social security | 454/9 | €50,623 | €68,772 | +€18,149 | +35.9% |
| Remuneration, social security and pensions | 62 | €707,870 | €883,278 | +€175,409 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,297 | €72,569 | -€27,729 | -27.6% |
| Other operating charges | 640/8 | €34,438 | €80,049 | +€45,611 | +132.4% |
| Gross operating margin | 9900 | €915,184 | €1,134,362 | +€219,178 | +23.9% |
| Operating profit (loss) | 9901 | €72,579 | €98,466 | +€25,887 | +35.7% |
| Financial income | 75/76B | €2,017 | €4,967 | +€2,950 | +146.2% |
| Recurring financial income | 75 | €2,017 | €4,140 | +€2,123 | +105.2% |
| Non-recurring financial income | 76B | - | €827 | +€827 | |
| Financial charges | 65/66B | €52,922 | €43,717 | -€9,205 | -17.4% |
| Recurring financial charges | 65 | €52,922 | €43,717 | -€9,205 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €21,674 | €59,716 | +€38,042 | +175.5% |
| Transfer from deferred taxes | 780 | €5,697 | €5,697 | = | 0.0% |
| Income taxes | 67/77 | €17,990 | €30,132 | +€12,143 | +67.5% |
| Profit (loss) for the period | 9904 | €9,381 | €35,280 | +€25,899 | +276.1% |
| Transfer from tax-exempt reserves | 789 | €17,110 | €17,110 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,491 | €52,390 | +€25,899 | +97.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.