CALSAS: 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.
CALSAS
Largest movements
- Cash +€49,343
up €49,343 (+282.4%), from €17,474 to €66,817
mainly Net result for the year (+€32,131) and Depreciation (+€8,829)
- Tangible fixed assets -€8,829
down €8,829 (-21.1%), from €41,938 to €33,109
- Receivables within one year -€3,823
down €3,823 (-75.7%), from €5,052 to €1,228
of which Other amounts receivable: -€3,823
- Deferred charges and accrued income +€1,263
new in 2025: €1,263
- Profit (loss) carried forward +€32,131
up €32,131 (+67.4%), from €47,681 to €79,812
- Tax, wage and social debts +€7,366
up €7,366 (+74.1%), from €9,938 to €17,304
of which Taxes: +€7,365
- Accrued charges and deferred income -€1,760
no longer reported in 2025 (was €1,760)
- Gross operating margin +€10,793
up €10,793 (+27.5%), from €39,289 to €50,082
- Depreciation +€6,622
up €6,622 (+300.0%), from €2,207 to €8,829
- Taxes +€1,810
up €1,810 (+27.9%), from €6,488 to €8,298
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 | €64,464 | €102,418 | +€37,954 | +58.9% |
| Fixed assets | 21/28 | €41,938 | €33,109 | -€8,829 | -21.1% |
| Tangible fixed assets | 22/27 | €41,938 | €33,109 | -€8,829 | -21.1% |
| Furniture and vehicles | 24 | €41,938 | €33,109 | -€8,829 | -21.1% |
| Current assets | 29/58 | €22,525 | €69,309 | +€46,783 | +207.7% |
| Amounts receivable within one year | 40/41 | €5,052 | €1,228 | -€3,823 | -75.7% |
| Trade receivables | 40 | €0 | - | -€0 | |
| Other amounts receivable | 41 | €5,052 | €1,228 | -€3,823 | -75.7% |
| Cash at bank and in hand | 54/58 | €17,474 | €66,817 | +€49,343 | +282.4% |
| Deferred charges and accrued income | 490/1 | - | €1,263 | +€1,263 | |
| Total equity and liabilities | 10/49 | €64,464 | €102,418 | +€37,954 | +58.9% |
| Equity | 10/15 | €52,681 | €84,812 | +€32,131 | +61.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,681 | €79,812 | +€32,131 | +67.4% |
| Amounts payable | 17/49 | €11,783 | €17,606 | +€5,823 | +49.4% |
| Amounts payable within one year | 42/48 | €10,022 | €17,606 | +€7,584 | +75.7% |
| Trade debts | 44 | €84 | €302 | +€218 | +259.7% |
| Suppliers | 440/4 | €84 | €302 | +€218 | +259.7% |
| Taxes, remuneration and social security | 45 | €9,938 | €17,304 | +€7,366 | +74.1% |
| Taxes | 450/3 | €6,488 | €13,853 | +€7,365 | +113.5% |
| Remuneration and social security | 454/9 | €3,450 | €3,451 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,760 | - | -€1,760 | |
| Non-recurring operating income | 76A | €180 | €705 | +€525 | +291.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,207 | €8,829 | +€6,622 | +300.0% |
| Other operating charges | 640/8 | €951 | €664 | -€287 | -30.2% |
| Gross operating margin | 9900 | €39,289 | €50,082 | +€10,793 | +27.5% |
| Operating profit (loss) | 9901 | €36,130 | €40,588 | +€4,458 | +12.3% |
| Financial income | 75/76B | €15 | €13 | -€2 | -14.9% |
| Recurring financial income | 75 | €15 | €13 | -€2 | -14.9% |
| Financial charges | 65/66B | €138 | €172 | +€34 | +24.9% |
| Recurring financial charges | 65 | €138 | €172 | +€34 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €36,007 | €40,429 | +€4,422 | +12.3% |
| Income taxes | 67/77 | €6,488 | €8,298 | +€1,810 | +27.9% |
| Profit (loss) for the period | 9904 | €29,519 | €32,131 | +€2,612 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,519 | €32,131 | +€2,612 | +8.8% |
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 3 October 2026 via checked.be.