CALT: 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.
CALT
Largest movements
- Cash +€25,059
up €25,059 (+78.2%), from €32,054 to €57,113
mainly Net result for the year (+€56,786) and Depreciation (+€599)
- Receivables within one year +€13,345
new in 2025: €13,345
of which Trade receivables: +€12,100
- Reserves +€55,186
up €55,186 (+99.0%), from €55,754 to €110,940
- Debts after one year -€6,500
down €6,500 (-19.4%), from €33,500 to €27,000
- Other debts -€5,125
down €5,125 (-39.0%), from €13,143 to €8,018
- Tax, wage and social debts -€4,616
down €4,616 (-43.4%), from €10,635 to €6,020
- Gross operating margin -€1,887
down €1,887 (-2.3%), from €81,483 to €79,596
- Taxes -€1,376
down €1,376 (-6.5%), from €21,143 to €19,767
- Financial charges +€1,089
up €1,089 (+746.2%), from €146 to €1,235
- Other operating charges -€866
down €866 (-40.9%), from €2,114 to €1,249
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 | €125,164 | €164,054 | +€38,891 | +31.1% |
| Fixed assets | 21/28 | €92,762 | €92,163 | -€599 | -0.6% |
| Tangible fixed assets | 22/27 | €2,268 | €1,669 | -€599 | -26.4% |
| Furniture and vehicles | 24 | €2,268 | €1,669 | -€599 | -26.4% |
| Financial fixed assets | 28 | €90,494 | €90,494 | = | 0.0% |
| Current assets | 29/58 | €32,402 | €71,891 | +€39,489 | +121.9% |
| Amounts receivable within one year | 40/41 | - | €13,345 | +€13,345 | |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | - | €1,245 | +€1,245 | |
| Cash at bank and in hand | 54/58 | €32,054 | €57,113 | +€25,059 | +78.2% |
| Deferred charges and accrued income | 490/1 | €348 | €1,434 | +€1,086 | +312.0% |
| Total equity and liabilities | 10/49 | €125,164 | €164,054 | +€38,891 | +31.1% |
| Equity | 10/15 | €60,754 | €115,940 | +€55,186 | +90.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €55,754 | €110,940 | +€55,186 | +99.0% |
| Distributable reserves | 133 | €55,754 | €110,940 | +€55,186 | +99.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,410 | €48,114 | -€16,296 | -25.3% |
| Amounts payable after more than one year | 17 | €33,500 | €27,000 | -€6,500 | -19.4% |
| Financial debts | 170/4 | €33,500 | €27,000 | -€6,500 | -19.4% |
| Amounts payable within one year | 42/48 | €30,910 | €21,114 | -€9,796 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | €6,500 | = | 0.0% |
| Trade debts | 44 | €632 | €577 | -€55 | -8.7% |
| Suppliers | 440/4 | €632 | €577 | -€55 | -8.7% |
| Taxes, remuneration and social security | 45 | €10,635 | €6,020 | -€4,616 | -43.4% |
| Taxes | 450/3 | €10,635 | €6,020 | -€4,616 | -43.4% |
| Other amounts payable | 47/48 | €13,143 | €8,018 | -€5,125 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726 | €599 | -€127 | -17.5% |
| Other operating charges | 640/8 | €2,114 | €1,249 | -€866 | -40.9% |
| Gross operating margin | 9900 | €81,483 | €79,596 | -€1,887 | -2.3% |
| Operating profit (loss) | 9901 | €78,643 | €77,749 | -€894 | -1.1% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €146 | €1,235 | +€1,089 | +746.2% |
| Recurring financial charges | 65 | €146 | €1,235 | +€1,089 | +746.2% |
| Profit (loss) for the period before taxes | 9903 | €78,497 | €76,553 | -€1,944 | -2.5% |
| Income taxes | 67/77 | €21,143 | €19,767 | -€1,376 | -6.5% |
| Profit (loss) for the period | 9904 | €57,354 | €56,786 | -€568 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,354 | €56,786 | -€568 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.