CALSTRA: 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.
CALSTRA
Largest movements
- Stocks and contracts +€414,804
up €414,804 (+61.1%), from €678,973 to €1.1m
- Tangible fixed assets +€128,244
up €128,244 (+805.3%), from €15,925 to €144,170
of which Furniture and vehicles: +€127,383
- Cash -€120,466
down €120,466 (-30.1%), from €399,968 to €279,502
mainly Stocks and contracts (-€414,804) and Investment in fixed assets (net) (-€145,014)
- Receivables within one year +€17,584
up €17,584 (+15.3%), from €114,961 to €132,545
- Trade debts +€305,982
up €305,982 (+204.5%), from €149,649 to €455,631
- Debts after one year +€101,958
up €101,958 (+1071.0%), from €9,519 to €111,477
- Current portion of long-term debt +€33,159
up €33,159 (+547.4%), from €6,057 to €39,216
- Tax, wage and social debts -€24,171
down €24,171 (-91.2%), from €26,515 to €2,344
- Staff costs +€27,009
up €27,009 (+56.0%), from €48,234 to €75,243
- Gross operating margin -€15,469
down €15,469 (-10.2%), from €152,228 to €136,758
- Taxes -€14,171
down €14,171 (-53.4%), from €26,515 to €12,344
- Other operating charges +€3,685
up €3,685 (+116.1%), from €3,173 to €6,858
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 | €1,214,980 | €1,656,101 | +€441,121 | +36.3% |
| Fixed assets | 21/28 | €15,925 | €144,170 | +€128,244 | +805.3% |
| Tangible fixed assets | 22/27 | €15,925 | €144,170 | +€128,244 | +805.3% |
| Land and buildings | 22 | €1,509 | €1,509 | = | 0.0% |
| Plant, machinery and equipment | 23 | €580 | €1,441 | +€861 | +148.5% |
| Furniture and vehicles | 24 | €13,836 | €141,219 | +€127,383 | +920.6% |
| Current assets | 29/58 | €1,199,054 | €1,511,932 | +€312,877 | +26.1% |
| Stocks and contracts in progress | 3 | €678,973 | €1,093,777 | +€414,804 | +61.1% |
| Stocks | 30/36 | €678,973 | €1,093,777 | +€414,804 | +61.1% |
| Amounts receivable within one year | 40/41 | €114,961 | €132,545 | +€17,584 | +15.3% |
| Other amounts receivable | 41 | €114,961 | €132,545 | +€17,584 | +15.3% |
| Cash at bank and in hand | 54/58 | €399,968 | €279,502 | -€120,466 | -30.1% |
| Deferred charges and accrued income | 490/1 | €5,153 | €6,108 | +€955 | +18.5% |
| Total equity and liabilities | 10/49 | €1,214,980 | €1,656,101 | +€441,121 | +36.3% |
| Equity | 10/15 | €922,839 | €933,681 | +€10,843 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €902,839 | €913,681 | +€10,843 | +1.2% |
| Distributable reserves | 133 | €902,839 | €913,681 | +€10,843 | +1.2% |
| Amounts payable | 17/49 | €292,141 | €722,420 | +€430,279 | +147.3% |
| Amounts payable after more than one year | 17 | €9,519 | €111,477 | +€101,958 | +1071.0% |
| Financial debts | 170/4 | €9,519 | €111,477 | +€101,958 | +1071.0% |
| Amounts payable within one year | 42/48 | €282,222 | €605,543 | +€323,321 | +114.6% |
| Current portion of amounts payable after more than one year | 42 | €6,057 | €39,216 | +€33,159 | +547.4% |
| Financial debts | 43 | €100,000 | €108,352 | +€8,352 | +8.4% |
| Credit institutions | 430/8 | €100,000 | €108,352 | +€8,352 | +8.4% |
| Trade debts | 44 | €149,649 | €455,631 | +€305,982 | +204.5% |
| Suppliers | 440/4 | €149,649 | €455,631 | +€305,982 | +204.5% |
| Taxes, remuneration and social security | 45 | €26,515 | €2,344 | -€24,171 | -91.2% |
| Taxes | 450/3 | €26,515 | €2,344 | -€24,171 | -91.2% |
| Accrued charges and deferred income | 492/3 | €400 | €5,400 | +€5,000 | +1250.0% |
| Non-recurring operating income | 76A | €3,900 | €5,050 | +€1,150 | +29.5% |
| Remuneration, social security and pensions | 62 | €48,234 | €75,243 | +€27,009 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,553 | €16,770 | +€218 | +1.3% |
| Other operating charges | 640/8 | €3,173 | €6,858 | +€3,685 | +116.1% |
| Non-recurring operating charges | 66A | €18,150 | €6,236 | -€11,914 | -65.6% |
| Gross operating margin | 9900 | €152,228 | €136,758 | -€15,469 | -10.2% |
| Operating profit (loss) | 9901 | €66,118 | €31,650 | -€34,468 | -52.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,461 | €8,464 | +€3 | 0.0% |
| Recurring financial charges | 65 | €8,461 | €8,464 | +€3 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,657 | €23,187 | -€34,471 | -59.8% |
| Income taxes | 67/77 | €26,515 | €12,344 | -€14,171 | -53.4% |
| Profit (loss) for the period | 9904 | €31,142 | €10,843 | -€20,300 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,142 | €10,843 | -€20,300 | -65.2% |
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 10 October 2026 via checked.be.