CALOSA: 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.
CALOSA
Largest movements
- Financial fixed assets +€361,484
up €361,484 (+79.7%), from €453,751 to €815,234
- Tangible fixed assets -€56,506
down €56,506 (-5.0%), from €1.1m to €1.1m
- Cash +€30,958
up €30,958 (+696%), from €4,448 to €35,407
mainly Other debts (+€352,553) and Depreciation (+€56,506)
- Receivables within one year -€24,528
down €24,528 (-31.5%), from €77,888 to €53,359
of which Trade receivables: -€19,388
- Other debts +€352,553
up €352,553 (+48.2%), from €732,175 to €1.1m
- Debts after one year -€86,872
down €86,872 (-16.9%), from €512,824 to €425,952
- Trade debts +€26,820
up €26,820 (+210%), from €12,744 to €39,564
- Gross operating margin -€14,952
down €14,952 (-12.7%), from €117,501 to €102,549
- Financial charges +€5,145
up €5,145 (+21.3%), from €24,102 to €29,247
- Financial income +€5,095
up €5,095 (+84.8%), from €6,007 to €11,102
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 | €1,675,221 | €1,986,625 | +€311,404 | +18.6% |
| Fixed assets | 21/28 | €1,591,457 | €1,896,435 | +€304,978 | +19.2% |
| Tangible fixed assets | 22/27 | €1,137,707 | €1,081,201 | -€56,506 | -5.0% |
| Land and buildings | 22 | €1,137,707 | €1,081,201 | -€56,506 | -5.0% |
| Financial fixed assets | 28 | €453,751 | €815,234 | +€361,484 | +79.7% |
| Current assets | 29/58 | €83,763 | €90,190 | +€6,427 | +7.7% |
| Amounts receivable within one year | 40/41 | €77,888 | €53,359 | -€24,528 | -31.5% |
| Trade receivables | 40 | €58,511 | €39,123 | -€19,388 | -33.1% |
| Other amounts receivable | 41 | €19,377 | €14,236 | -€5,141 | -26.5% |
| Cash at bank and in hand | 54/58 | €4,448 | €35,407 | +€30,958 | +696% |
| Deferred charges and accrued income | 490/1 | €1,427 | €1,424 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €1,675,221 | €1,986,625 | +€311,404 | +18.6% |
| Equity | 10/15 | €327,287 | €332,809 | +€5,522 | +1.7% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,713 | -€67,191 | +€5,522 | +7.6% |
| Amounts payable | 17/49 | €1,347,934 | €1,653,816 | +€305,883 | +22.7% |
| Amounts payable after more than one year | 17 | €512,824 | €425,952 | -€86,872 | -16.9% |
| Financial debts | 170/4 | €512,824 | €425,952 | -€86,872 | -16.9% |
| Amounts payable within one year | 42/48 | €830,678 | €1,227,865 | +€397,187 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €82,010 | €84,252 | +€2,242 | +2.7% |
| Trade debts | 44 | €12,744 | €39,564 | +€26,820 | +210% |
| Suppliers | 440/4 | €12,744 | €39,564 | +€26,820 | +210% |
| Taxes, remuneration and social security | 45 | €3,748 | €19,320 | +€15,573 | +416% |
| Taxes | 450/3 | €3,748 | €19,320 | +€15,573 | +416% |
| Other amounts payable | 47/48 | €732,175 | €1,084,729 | +€352,553 | +48.2% |
| Accrued charges and deferred income | 492/3 | €4,432 | €0 | -€4,432 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,506 | €56,506 | -€0 | 0.0% |
| Other operating charges | 640/8 | €9,245 | €9,062 | -€182 | -2.0% |
| Gross operating margin | 9900 | €117,501 | €102,549 | -€14,952 | -12.7% |
| Operating profit (loss) | 9901 | €51,750 | €36,981 | -€14,769 | -28.5% |
| Financial income | 75/76B | €6,007 | €11,102 | +€5,095 | +84.8% |
| Recurring financial income | 75 | €6,007 | €11,102 | +€5,095 | +84.8% |
| Financial charges | 65/66B | €24,102 | €29,247 | +€5,145 | +21.3% |
| Recurring financial charges | 65 | €24,102 | €29,247 | +€5,145 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €33,655 | €18,836 | -€14,820 | -44.0% |
| Income taxes | 67/77 | €12,558 | €13,314 | +€756 | +6.0% |
| Profit (loss) for the period | 9904 | €21,097 | €5,522 | -€15,575 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,097 | €5,522 | -€15,575 | -73.8% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.