Calqi: 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.
Calqi
Largest movements
- Receivables within one year +€171,396
up €171,396 (+692.3%), from €24,758 to €196,154
of which Trade receivables: +€174,981
- Cash +€65,117
up €65,117 (+211.4%), from €30,801 to €95,918
mainly Debts after one year (+€315,000) and Contributions, distributions and other (+€81,288)
- Intangible fixed assets +€57,205
up €57,205 (+17.6%), from €325,712 to €382,918
- Deferred charges and accrued income +€44,427
new in 2025: €44,427
- Debts after one year +€315,000
up €315,000 (+525.0%), from €60,000 to €375,000
- Contributions -€99,452
down €99,452 (-20.7%), from €480,686 to €381,234
- Profit (loss) carried forward +€71,016
up €71,016 (+39.3%), from -€180,740 to -€109,725
- Trade debts +€50,851
up €50,851 (+492.8%), from €10,320 to €61,170
- Depreciation +€47,172
up €47,172 (+206.5%), from €22,839 to €70,011
- Gross operating margin +€24,178
up €24,178, from -€15,405 to €8,773
- Staff costs -€6,236
down €6,236 (-11.3%), from €54,982 to €48,746
- Financial income +€3,235
up €3,235 (+4102.7%), from €79 to €3,314
of which Financial income: +€3,225
- Financial charges +€2,131
up €2,131 (+740.5%), from €288 to €2,418
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 | €382,180 | €719,949 | +€337,769 | +88.4% |
| Fixed assets | 21/28 | €326,621 | €383,450 | +€56,829 | +17.4% |
| Intangible fixed assets | 21 | €325,712 | €382,918 | +€57,205 | +17.6% |
| Tangible fixed assets | 22/27 | €909 | €533 | -€376 | -41.4% |
| Furniture and vehicles | 24 | €909 | €533 | -€376 | -41.4% |
| Current assets | 29/58 | €55,559 | €336,499 | +€280,940 | +505.7% |
| Amounts receivable within one year | 40/41 | €24,758 | €196,154 | +€171,396 | +692.3% |
| Trade receivables | 40 | €12,519 | €187,500 | +€174,981 | +1397.7% |
| Other amounts receivable | 41 | €12,239 | €8,654 | -€3,585 | -29.3% |
| Cash at bank and in hand | 54/58 | €30,801 | €95,918 | +€65,117 | +211.4% |
| Deferred charges and accrued income | 490/1 | - | €44,427 | +€44,427 | |
| Total equity and liabilities | 10/49 | €382,180 | €719,949 | +€337,769 | +88.4% |
| Equity | 10/15 | €299,946 | €271,509 | -€28,437 | -9.5% |
| Contributions | 10/11 | €480,686 | €381,234 | -€99,452 | -20.7% |
| Profit (loss) carried forward | 14 | -€180,740 | -€109,725 | +€71,016 | +39.3% |
| Amounts payable | 17/49 | €82,234 | €448,440 | +€366,206 | +445.3% |
| Amounts payable after more than one year | 17 | €60,000 | €375,000 | +€315,000 | +525.0% |
| Financial debts | 170/4 | €60,000 | €375,000 | +€315,000 | +525.0% |
| Amounts payable within one year | 42/48 | €22,234 | €73,440 | +€51,206 | +230.3% |
| Trade debts | 44 | €10,320 | €61,170 | +€50,851 | +492.8% |
| Suppliers | 440/4 | €10,320 | €61,170 | +€50,851 | +492.8% |
| Taxes, remuneration and social security | 45 | €11,864 | €12,220 | +€355 | +3.0% |
| Taxes | 450/3 | - | €4,189 | +€4,189 | |
| Remuneration and social security | 454/9 | €11,864 | €8,031 | -€3,834 | -32.3% |
| Other amounts payable | 47/48 | €50 | €50 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €54,982 | €48,746 | -€6,236 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,839 | €70,011 | +€47,172 | +206.5% |
| Other operating charges | 640/8 | €386 | €636 | +€251 | +65.0% |
| Gross operating margin | 9900 | -€15,405 | €8,773 | +€24,178 | |
| Operating profit (loss) | 9901 | -€93,612 | -€110,620 | -€17,009 | -18.2% |
| Financial income | 75/76B | €79 | €3,314 | +€3,235 | +4102.7% |
| Recurring financial income | 75 | €79 | €3,304 | +€3,225 | +4090.6% |
| Non-recurring financial income | 76B | - | €10 | +€10 | |
| Financial charges | 65/66B | €288 | €2,418 | +€2,131 | +740.5% |
| Recurring financial charges | 65 | €288 | €2,418 | +€2,131 | +740.5% |
| Profit (loss) for the period before taxes | 9903 | -€93,820 | -€109,725 | -€15,904 | -17.0% |
| Profit (loss) for the period | 9904 | -€93,820 | -€109,725 | -€15,904 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€93,820 | -€109,725 | -€15,904 | -17.0% |
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 5 October 2026 via checked.be.