CALOTTE: 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.
CALOTTE
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Receivables after one year -€140,982
down €140,982 (-100.0%), from €140,982 to €0
- Tangible fixed assets -€96,310
down €96,310 (-3.3%), from €2.9m to €2.8m
of which Land and buildings: -€94,672
- Cash +€65,236
up €65,236 (+76.6%), from €85,198 to €150,434
mainly Debts after one year (+€847,892) and Current investments (+€150,000)
- Other debts -€1.0m
down €1.0m (-67.1%), from €1.6m to €513,972
- Debts after one year +€847,892
up €847,892 (+83.0%), from €1.0m to €1.9m
- Profit (loss) carried forward -€91,171
down €91,171 (-35.3%), from -€258,608 to -€349,778
- Other operating charges -€95,235
down €95,235 (-86.0%), from €110,769 to €15,534
- Gross operating margin -€56,939
down €56,939 (-42.0%), from €135,675 to €78,736
- Financial charges +€32,381
up €32,381 (+89.3%), from €36,250 to €68,631
- Financial income -€3,252
down €3,252 (-67.0%), from €4,856 to €1,604
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,199,792 | €3,894,854 | -€304,938 | -7.3% |
| Fixed assets | 21/28 | €3,768,560 | €3,687,250 | -€81,310 | -2.2% |
| Tangible fixed assets | 22/27 | €2,909,542 | €2,813,232 | -€96,310 | -3.3% |
| Land and buildings | 22 | €2,904,540 | €2,809,869 | -€94,672 | -3.3% |
| Plant, machinery and equipment | 23 | €3,216 | €2,884 | -€331 | -10.3% |
| Furniture and vehicles | 24 | €1,786 | €479 | -€1,307 | -73.2% |
| Financial fixed assets | 28 | €859,018 | €874,018 | +€15,000 | +1.7% |
| Current assets | 29/58 | €431,232 | €207,604 | -€223,628 | -51.9% |
| Amounts receivable after more than one year | 29 | €140,982 | €0 | -€140,982 | -100.0% |
| Other amounts receivable | 291 | €140,982 | €0 | -€140,982 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,123 | €1,123 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,123 | €1,123 | = | 0.0% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €85,198 | €150,434 | +€65,236 | +76.6% |
| Deferred charges and accrued income | 490/1 | €53,929 | €56,046 | +€2,117 | +3.9% |
| Total equity and liabilities | 10/49 | €4,199,792 | €3,894,854 | -€304,938 | -7.3% |
| Equity | 10/15 | €1,474,847 | €1,374,711 | -€100,135 | -6.8% |
| Contributions | 10/11 | €1,503,000 | €1,503,000 | = | 0.0% |
| Capital | 10 | €1,503,000 | €1,503,000 | = | 0.0% |
| Issued capital | 100 | €1,503,000 | €1,503,000 | = | 0.0% |
| Reserves | 13 | €230,454 | €221,490 | -€8,965 | -3.9% |
| Non-distributable reserves | 130/1 | €37,749 | €37,749 | = | 0.0% |
| Legal reserve | 130 | €37,749 | €37,749 | = | 0.0% |
| Tax-exempt reserves | 132 | €192,705 | €183,740 | -€8,965 | -4.7% |
| Profit (loss) carried forward | 14 | -€258,608 | -€349,778 | -€91,171 | -35.3% |
| Amounts payable | 17/49 | €2,724,945 | €2,520,142 | -€204,803 | -7.5% |
| Amounts payable after more than one year | 17 | €1,021,104 | €1,868,996 | +€847,892 | +83.0% |
| Financial debts | 170/4 | €1,021,104 | €1,868,996 | +€847,892 | +83.0% |
| Amounts payable within one year | 42/48 | €1,692,959 | €616,936 | -€1.1m | -63.6% |
| Current portion of amounts payable after more than one year | 42 | €100,069 | €102,108 | +€2,039 | +2.0% |
| Trade debts | 44 | €364 | €856 | +€493 | +135.5% |
| Suppliers | 440/4 | €364 | €856 | +€493 | +135.5% |
| Taxes, remuneration and social security | 45 | €29,219 | €0 | -€29,219 | -100.0% |
| Taxes | 450/3 | €29,219 | €0 | -€29,219 | -100.0% |
| Other amounts payable | 47/48 | €1,563,307 | €513,972 | -€1.0m | -67.1% |
| Accrued charges and deferred income | 492/3 | €10,882 | €34,210 | +€23,327 | +214.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,468 | €96,310 | +€842 | +0.9% |
| Other operating charges | 640/8 | €110,769 | €15,534 | -€95,235 | -86.0% |
| Gross operating margin | 9900 | €135,675 | €78,736 | -€56,939 | -42.0% |
| Operating profit (loss) | 9901 | -€70,563 | -€33,109 | +€37,454 | +53.1% |
| Financial income | 75/76B | €4,856 | €1,604 | -€3,252 | -67.0% |
| Recurring financial income | 75 | €4,856 | €1,604 | -€3,252 | -67.0% |
| Financial charges | 65/66B | €36,250 | €68,631 | +€32,381 | +89.3% |
| Recurring financial charges | 65 | €36,250 | €68,631 | +€32,381 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | -€101,956 | -€100,135 | +€1,820 | +1.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€101,956 | -€100,135 | +€1,820 | +1.8% |
| Transfer from tax-exempt reserves | 789 | €8,965 | €8,965 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€92,991 | -€91,171 | +€1,820 | +2.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.