CALORTECH: 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.
CALORTECH
Largest movements
- Cash +€326,569
up €326,569 (+49.5%), from €659,514 to €986,084
mainly Net result for the year (+€178,295) and Stocks and contracts (+€160,547)
- Stocks and contracts -€160,547
down €160,547 (-67.3%), from €238,714 to €78,167
- Receivables within one year -€47,716
down €47,716 (-7.3%), from €653,667 to €605,952
of which Trade receivables: -€97,991
- Intangible fixed assets +€31,913
new in 2025: €31,913
- Profit (loss) carried forward +€178,295
up €178,295 (+14.0%), from €1.3m to €1.5m
- Tax, wage and social debts -€34,394
down €34,394 (-43.6%), from €78,890 to €44,497
of which Taxes: -€51,516
- Staff costs +€134,551
up €134,551 (+74.3%), from €181,101 to €315,652
- Gross operating margin +€41,467
up €41,467 (+7.9%), from €525,965 to €567,432
- Taxes -€23,409
down €23,409 (-28.2%), from €83,028 to €59,619
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 | €1,571,115 | €1,711,901 | +€140,785 | +9.0% |
| Fixed assets | 21/28 | €19,220 | €41,698 | +€22,479 | +117.0% |
| Intangible fixed assets | 21 | - | €31,913 | +€31,913 | |
| Tangible fixed assets | 22/27 | €19,220 | €9,786 | -€9,434 | -49.1% |
| Furniture and vehicles | 24 | €19,220 | €9,786 | -€9,434 | -49.1% |
| Current assets | 29/58 | €1,551,896 | €1,670,202 | +€118,307 | +7.6% |
| Stocks and contracts in progress | 3 | €238,714 | €78,167 | -€160,547 | -67.3% |
| Stocks | 30/36 | €238,714 | €78,167 | -€160,547 | -67.3% |
| Amounts receivable within one year | 40/41 | €653,667 | €605,952 | -€47,716 | -7.3% |
| Trade receivables | 40 | €636,695 | €538,704 | -€97,991 | -15.4% |
| Other amounts receivable | 41 | €16,972 | €67,248 | +€50,276 | +296.2% |
| Cash at bank and in hand | 54/58 | €659,514 | €986,084 | +€326,569 | +49.5% |
| Total equity and liabilities | 10/49 | €1,571,115 | €1,711,901 | +€140,785 | +9.0% |
| Equity | 10/15 | €1,401,616 | €1,579,910 | +€178,295 | +12.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,276,616 | €1,454,910 | +€178,295 | +14.0% |
| Amounts payable | 17/49 | €169,500 | €131,990 | -€37,509 | -22.1% |
| Amounts payable within one year | 42/48 | €169,500 | €131,990 | -€37,509 | -22.1% |
| Current portion of amounts payable after more than one year | 42 | - | €12,639 | +€12,639 | |
| Trade debts | 44 | €90,609 | €74,854 | -€15,755 | -17.4% |
| Suppliers | 440/4 | €90,609 | €74,854 | -€15,755 | -17.4% |
| Taxes, remuneration and social security | 45 | €78,890 | €44,497 | -€34,394 | -43.6% |
| Taxes | 450/3 | €71,206 | €19,690 | -€51,516 | -72.3% |
| Remuneration and social security | 454/9 | €7,684 | €24,807 | +€17,123 | +222.8% |
| Non-recurring operating income | 76A | - | €180 | +€180 | |
| Remuneration, social security and pensions | 62 | €181,101 | €315,652 | +€134,551 | +74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,590 | €12,021 | -€1,569 | -11.5% |
| Other operating charges | 640/8 | €882 | €1,039 | +€156 | +17.7% |
| Gross operating margin | 9900 | €525,965 | €567,432 | +€41,467 | +7.9% |
| Operating profit (loss) | 9901 | €330,392 | €238,721 | -€91,671 | -27.7% |
| Financial income | 75/76B | €115 | - | -€115 | |
| Recurring financial income | 75 | €115 | - | -€115 | |
| Financial charges | 65/66B | €63 | €807 | +€744 | +1172.2% |
| Recurring financial charges | 65 | €63 | €807 | +€744 | +1172.2% |
| Profit (loss) for the period before taxes | 9903 | €330,444 | €237,914 | -€92,530 | -28.0% |
| Income taxes | 67/77 | €83,028 | €59,619 | -€23,409 | -28.2% |
| Profit (loss) for the period | 9904 | €247,416 | €178,295 | -€69,121 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €247,416 | €178,295 | -€69,121 | -27.9% |
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 12 October 2026 via checked.be.