CALOU’S: 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.
CALOU’S
Largest movements
- Receivables within one year -€37,933
down €37,933 (-99.3%), from €38,185 to €252
of which Trade receivables: -€37,944
- Stocks and contracts +€35,000
up €35,000 (+58.0%), from €60,346 to €95,346
- Intangible fixed assets +€11,989
up €11,989 (+119%), from €10,048 to €22,037
- Tangible fixed assets -€4,660
down €4,660 (-28.2%), from €16,517 to €11,857
- Cash -€3,297
down €3,297 (-24.0%), from €13,742 to €10,445
mainly Stocks and contracts (-€35,000) and Trade debts (-€22,638)
- Trade debts -€22,638
down €22,638 (-44.3%), from €51,128 to €28,490
of which Bills of exchange payable: -€29,581
- Investment grants +€13,421
new in 2025: €13,421
- Profit (loss) carried forward +€11,558
up €11,558 (+66.0%), from -€17,500 to -€5,943
- Tax, wage and social debts +€7,769
up €7,769 (+51.5%), from €15,081 to €22,850
of which Taxes: +€5,560
- Other debts -€6,762
down €6,762 (-8.0%), from €84,109 to €77,347
- Gross operating margin +€56,379
up €56,379 (+2,207%), from €2,555 to €58,935
- Staff costs +€23,570
up €23,570 (+161%), from €14,658 to €38,228
- Depreciation +€5,149
up €5,149 (+180%), from €2,857 to €8,006
- Financial income +€3,300
up €3,300 (+1,541%), from €214 to €3,514
- Financial charges +€2,111
up €2,111 (+120%), from €1,756 to €3,867
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 | €138,927 | €142,526 | +€3,599 | +2.6% |
| Fixed assets | 21/28 | €26,654 | €33,983 | +€7,329 | +27.5% |
| Intangible fixed assets | 21 | €10,048 | €22,037 | +€11,989 | +119% |
| Tangible fixed assets | 22/27 | €16,517 | €11,857 | -€4,660 | -28.2% |
| Other tangible fixed assets | 26 | €16,517 | €11,857 | -€4,660 | -28.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €112,273 | €108,543 | -€3,730 | -3.3% |
| Stocks and contracts in progress | 3 | €60,346 | €95,346 | +€35,000 | +58.0% |
| Stocks | 30/36 | €60,346 | €95,346 | +€35,000 | +58.0% |
| Amounts receivable within one year | 40/41 | €38,185 | €252 | -€37,933 | -99.3% |
| Trade receivables | 40 | €38,185 | €241 | -€37,944 | -99.4% |
| Other amounts receivable | 41 | - | €11 | +€11 | |
| Cash at bank and in hand | 54/58 | €13,742 | €10,445 | -€3,297 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €138,927 | €142,526 | +€3,599 | +2.6% |
| Equity | 10/15 | -€12,500 | €12,478 | +€24,979 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,500 | -€5,943 | +€11,558 | +66.0% |
| Investment grants | 15 | - | €13,421 | +€13,421 | |
| Amounts payable | 17/49 | €151,428 | €130,048 | -€21,380 | -14.1% |
| Amounts payable within one year | 42/48 | €150,318 | €128,687 | -€21,631 | -14.4% |
| Trade debts | 44 | €51,128 | €28,490 | -€22,638 | -44.3% |
| Suppliers | 440/4 | €21,547 | €28,490 | +€6,942 | +32.2% |
| Bills of exchange payable | 441 | €29,581 | €0 | -€29,581 | -100% |
| Taxes, remuneration and social security | 45 | €15,081 | €22,850 | +€7,769 | +51.5% |
| Taxes | 450/3 | €10,847 | €16,407 | +€5,560 | +51.3% |
| Remuneration and social security | 454/9 | €4,234 | €6,443 | +€2,209 | +52.2% |
| Other amounts payable | 47/48 | €84,109 | €77,347 | -€6,762 | -8.0% |
| Accrued charges and deferred income | 492/3 | €1,110 | €1,361 | +€251 | +22.6% |
| Remuneration, social security and pensions | 62 | €14,658 | €38,228 | +€23,570 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,857 | €8,006 | +€5,149 | +180% |
| Other operating charges | 640/8 | €1,000 | €790 | -€210 | -21.0% |
| Gross operating margin | 9900 | €2,555 | €58,935 | +€56,379 | +2,207% |
| Operating profit (loss) | 9901 | -€15,959 | €11,911 | +€27,870 | |
| Financial income | 75/76B | €214 | €3,514 | +€3,300 | +1,541% |
| Recurring financial income | 75 | €214 | €3,514 | +€3,300 | +1,541% |
| Financial charges | 65/66B | €1,756 | €3,867 | +€2,111 | +120% |
| Recurring financial charges | 65 | €1,756 | €3,867 | +€2,111 | +120% |
| Profit (loss) for the period before taxes | 9903 | -€17,500 | €11,558 | +€29,058 | |
| Profit (loss) for the period | 9904 | -€17,500 | €11,558 | +€29,058 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,500 | €11,558 | +€29,058 |
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 14 October 2026 via checked.be.