CALTORA: 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.
CALTORA
Largest movements
- Deferred charges and accrued income +€14,078
up €14,078 (+50.7%), from €27,753 to €41,831
- Receivables within one year +€12,696
up €12,696 (+12.2%), from €104,009 to €116,705
- Tangible fixed assets +€12,095
up €12,095 (+44.5%), from €27,190 to €39,284
- Cash +€7,998
up €7,998 (+1499.0%), from €534 to €8,532
mainly Net result for the year (+€37,619) and Depreciation (+€19,655)
- Profit (loss) carried forward +€34,762
up €34,762 (+37.7%), from €92,101 to €126,863
- Debts after one year +€7,023
up €7,023 (+39.6%), from €17,729 to €24,752
- Current portion of long-term debt +€6,825
up €6,825 (+84.2%), from €8,108 to €14,933
- Tax, wage and social debts -€3,059
down €3,059 (-7.8%), from €39,159 to €36,100
- Gross operating margin -€67,025
down €67,025 (-50.8%), from €131,817 to €64,792
- Taxes -€14,753
down €14,753 (-56.4%), from €26,143 to €11,390
- Depreciation +€6,855
up €6,855 (+53.6%), from €12,800 to €19,655
- Financial income +€2,128
up €2,128 (+39.3%), from €5,418 to €7,546
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 | €159,485 | €206,352 | +€46,867 | +29.4% |
| Fixed assets | 21/28 | €27,190 | €39,284 | +€12,095 | +44.5% |
| Tangible fixed assets | 22/27 | €27,190 | €39,284 | +€12,095 | +44.5% |
| Furniture and vehicles | 24 | €27,190 | €39,284 | +€12,095 | +44.5% |
| Current assets | 29/58 | €132,295 | €167,068 | +€34,773 | +26.3% |
| Amounts receivable within one year | 40/41 | €104,009 | €116,705 | +€12,696 | +12.2% |
| Other amounts receivable | 41 | €104,009 | €116,705 | +€12,696 | +12.2% |
| Cash at bank and in hand | 54/58 | €534 | €8,532 | +€7,998 | +1499.0% |
| Deferred charges and accrued income | 490/1 | €27,753 | €41,831 | +€14,078 | +50.7% |
| Total equity and liabilities | 10/49 | €159,485 | €206,352 | +€46,867 | +29.4% |
| Equity | 10/15 | €94,101 | €128,863 | +€34,762 | +36.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,101 | €126,863 | +€34,762 | +37.7% |
| Amounts payable | 17/49 | €65,384 | €77,489 | +€12,106 | +18.5% |
| Amounts payable after more than one year | 17 | €17,729 | €24,752 | +€7,023 | +39.6% |
| Financial debts | 170/4 | €17,729 | €24,752 | +€7,023 | +39.6% |
| Amounts payable within one year | 42/48 | €47,655 | €52,737 | +€5,083 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €8,108 | €14,933 | +€6,825 | +84.2% |
| Financial debts | 43 | - | €205 | +€205 | |
| Credit institutions | 430/8 | - | €205 | +€205 | |
| Trade debts | 44 | €387 | €1,499 | +€1,111 | +287.0% |
| Suppliers | 440/4 | €387 | €1,499 | +€1,111 | +287.0% |
| Taxes, remuneration and social security | 45 | €39,159 | €36,100 | -€3,059 | -7.8% |
| Taxes | 450/3 | €39,159 | €36,100 | -€3,059 | -7.8% |
| Non-recurring operating income | 76A | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,800 | €19,655 | +€6,855 | +53.6% |
| Other operating charges | 640/8 | €2,079 | €1,374 | -€705 | -33.9% |
| Non-recurring operating charges | 66A | €2,084 | €0 | -€2,084 | -100.0% |
| Gross operating margin | 9900 | €131,817 | €64,792 | -€67,025 | -50.8% |
| Operating profit (loss) | 9901 | €114,854 | €43,762 | -€71,092 | -61.9% |
| Financial income | 75/76B | €5,418 | €7,546 | +€2,128 | +39.3% |
| Recurring financial income | 75 | €5,418 | €7,546 | +€2,128 | +39.3% |
| Financial charges | 65/66B | €2,028 | €2,300 | +€272 | +13.4% |
| Recurring financial charges | 65 | €2,028 | €2,300 | +€272 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €118,244 | €49,009 | -€69,236 | -58.6% |
| Income taxes | 67/77 | €26,143 | €11,390 | -€14,753 | -56.4% |
| Profit (loss) for the period | 9904 | €92,101 | €37,619 | -€54,483 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,101 | €37,619 | -€54,483 | -59.2% |
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 8 October 2026 via checked.be.