Calterre: 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.
Calterre
Largest movements
- Stocks and contracts +€123,783
up €123,783 (+112.9%), from €109,599 to €233,381
- Receivables within one year -€59,654
down €59,654 (-29.1%), from €204,788 to €145,134
of which Trade receivables: -€59,654
- Formation expenses -€16,862
down €16,862 (-63.2%), from €26,698 to €9,836
- Cash +€8,724
up €8,724 (+66.6%), from €13,108 to €21,832
mainly Trade debts (+€499,682) and Depreciation (+€114,371)
- Deferred charges and accrued income -€6,186
down €6,186 (-54.4%), from €11,366 to €5,179
- Trade debts +€499,682
up €499,682 (+140.5%), from €355,710 to €855,392
- Profit (loss) carried forward -€335,957
down €335,957 (-93.0%), from -€361,117 to -€697,074
- Debts after one year -€68,709
down €68,709 (-83.0%), from €82,809 to €14,101
- Other debts -€53,146
down €53,146 (-17.7%), from €300,597 to €247,451
- Advances received +€5,921
up €5,921 (+332.5%), from €1,781 to €7,702
- Gross operating margin -€220,498
down €220,498, from €205,650 to -€14,849
- Write-downs -€16,056
down €16,056 (-100.0%), from €16,056 to €0
- Depreciation +€12,632
up €12,632 (+12.4%), from €101,739 to €114,371
- Financial charges -€9,481
down €9,481 (-39.8%), from €23,844 to €14,363
- Staff costs +€6,894
up €6,894 (+3.8%), from €179,958 to €186,852
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 | €535,849 | €582,703 | +€46,854 | +8.7% |
| Formation expenses | 20 | €26,698 | €9,836 | -€16,862 | -63.2% |
| Fixed assets | 21/28 | €170,290 | €167,339 | -€2,950 | -1.7% |
| Tangible fixed assets | 22/27 | €170,290 | €167,339 | -€2,950 | -1.7% |
| Plant, machinery and equipment | 23 | €3,818 | €55,474 | +€51,656 | +1352.9% |
| Furniture and vehicles | 24 | €12,938 | €31,250 | +€18,312 | +141.5% |
| Leasing and similar rights | 25 | €141,883 | €66,803 | -€75,080 | -52.9% |
| Other tangible fixed assets | 26 | €11,650 | €13,812 | +€2,161 | +18.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €338,861 | €405,527 | +€66,666 | +19.7% |
| Stocks and contracts in progress | 3 | €109,599 | €233,381 | +€123,783 | +112.9% |
| Stocks | 30/36 | €109,599 | €233,381 | +€123,783 | +112.9% |
| Amounts receivable within one year | 40/41 | €204,788 | €145,134 | -€59,654 | -29.1% |
| Trade receivables | 40 | €204,788 | €145,134 | -€59,654 | -29.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,108 | €21,832 | +€8,724 | +66.6% |
| Deferred charges and accrued income | 490/1 | €11,366 | €5,179 | -€6,186 | -54.4% |
| Total equity and liabilities | 10/49 | €535,849 | €582,703 | +€46,854 | +8.7% |
| Equity | 10/15 | -€299,117 | -€635,074 | -€335,957 | -112.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€361,117 | -€697,074 | -€335,957 | -93.0% |
| Amounts payable | 17/49 | €834,965 | €1,217,776 | +€382,811 | +45.8% |
| Amounts payable after more than one year | 17 | €82,809 | €14,101 | -€68,709 | -83.0% |
| Financial debts | 170/4 | €82,809 | €14,101 | -€68,709 | -83.0% |
| Amounts payable within one year | 42/48 | €747,718 | €1,196,207 | +€448,489 | +60.0% |
| Current portion of amounts payable after more than one year | 42 | €72,730 | €68,709 | -€4,021 | -5.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €355,710 | €855,392 | +€499,682 | +140.5% |
| Suppliers | 440/4 | €355,710 | €855,392 | +€499,682 | +140.5% |
| Advances received on contracts in progress | 46 | €1,781 | €7,702 | +€5,921 | +332.5% |
| Taxes, remuneration and social security | 45 | €16,901 | €16,954 | +€54 | +0.3% |
| Taxes | 450/3 | €2,038 | €2,185 | +€147 | +7.2% |
| Remuneration and social security | 454/9 | €14,863 | €14,769 | -€93 | -0.6% |
| Other amounts payable | 47/48 | €300,597 | €247,451 | -€53,146 | -17.7% |
| Accrued charges and deferred income | 492/3 | €4,438 | €7,469 | +€3,031 | +68.3% |
| Non-recurring operating income | 76A | €10,621 | €320 | -€10,301 | -97.0% |
| Remuneration, social security and pensions | 62 | €179,958 | €186,852 | +€6,894 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,739 | €114,371 | +€12,632 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,056 | €0 | -€16,056 | -100.0% |
| Other operating charges | 640/8 | €14,417 | €8,433 | -€5,984 | -41.5% |
| Non-recurring operating charges | 66A | €16,312 | €0 | -€16,312 | -100.0% |
| Gross operating margin | 9900 | €205,650 | -€14,849 | -€220,498 | |
| Operating profit (loss) | 9901 | -€122,832 | -€324,504 | -€201,672 | -164.2% |
| Financial income | 75/76B | €9,763 | €3,131 | -€6,632 | -67.9% |
| Recurring financial income | 75 | €9,763 | €3,131 | -€6,632 | -67.9% |
| Financial charges | 65/66B | €23,844 | €14,363 | -€9,481 | -39.8% |
| Recurring financial charges | 65 | €23,844 | €14,363 | -€9,481 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€136,913 | -€335,736 | -€198,823 | -145.2% |
| Income taxes | 67/77 | €210 | €221 | +€10 | +4.9% |
| Profit (loss) for the period | 9904 | -€137,123 | -€335,957 | -€198,834 | -145.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,123 | -€335,957 | -€198,834 | -145.0% |
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 4 October 2026 via checked.be.