CALU MANAGEMENT: 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.
CALU MANAGEMENT
Largest movements
- Tangible fixed assets -€16,359
down €16,359 (-26.1%), from €62,727 to €46,368
of which Furniture and vehicles: -€9,236
- Receivables within one year -€12,695
down €12,695 (-4.1%), from €308,248 to €295,553
of which Other amounts receivable: -€93,749
- Cash -€10,777
down €10,777 (-80.9%), from €13,314 to €2,537
mainly Other debts (-€55,800) and Accrued charges and deferred income (-€55,644)
- Profit (loss) carried forward +€73,851
up €73,851 (+55.5%), from -€132,975 to -€59,123
- Other debts -€55,800
down €55,800 (-12.4%), from €451,527 to €395,727
- Accrued charges and deferred income -€55,644
down €55,644 (-85.1%), from €65,400 to €9,756
- Taxes +€13,232
up €13,232 (+3,443%), from €384 to €13,617
- Gross operating margin +€12,741
up €12,741 (+15.2%), from €83,848 to €96,589
- Depreciation -€8,162
down €8,162 (-53.4%), from €15,285 to €7,123
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,274 | €401,539 | -€37,735 | -8.6% |
| Fixed assets | 21/28 | €62,727 | €46,368 | -€16,359 | -26.1% |
| Tangible fixed assets | 22/27 | €62,727 | €46,368 | -€16,359 | -26.1% |
| Land and buildings | 22 | €52,193 | €45,503 | -€6,690 | -12.8% |
| Furniture and vehicles | 24 | €9,236 | - | -€9,236 | |
| Other tangible fixed assets | 26 | €1,298 | €865 | -€433 | -33.3% |
| Current assets | 29/58 | €376,548 | €355,171 | -€21,377 | -5.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 290 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €308,248 | €295,553 | -€12,695 | -4.1% |
| Trade receivables | 40 | €46,992 | €128,046 | +€81,054 | +172% |
| Other amounts receivable | 41 | €261,256 | €167,507 | -€93,749 | -35.9% |
| Cash at bank and in hand | 54/58 | €13,314 | €2,537 | -€10,777 | -80.9% |
| Deferred charges and accrued income | 490/1 | €14,985 | €17,081 | +€2,095 | +14.0% |
| Total equity and liabilities | 10/49 | €439,274 | €401,539 | -€37,735 | -8.6% |
| Equity | 10/15 | -€83,558 | -€9,707 | +€73,851 | +88.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,016 | €37,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €35,156 | €35,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,975 | -€59,123 | +€73,851 | +55.5% |
| Amounts payable | 17/49 | €522,833 | €411,246 | -€111,587 | -21.3% |
| Amounts payable within one year | 42/48 | €457,433 | €401,490 | -€55,943 | -12.2% |
| Trade debts | 44 | €5,906 | €2,174 | -€3,732 | -63.2% |
| Suppliers | 440/4 | €5,906 | €2,174 | -€3,732 | -63.2% |
| Taxes, remuneration and social security | 45 | - | €3,589 | +€3,589 | |
| Taxes | 450/3 | - | €3,589 | +€3,589 | |
| Other amounts payable | 47/48 | €451,527 | €395,727 | -€55,800 | -12.4% |
| Accrued charges and deferred income | 492/3 | €65,400 | €9,756 | -€55,644 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,285 | €7,123 | -€8,162 | -53.4% |
| Other operating charges | 640/8 | €14,458 | €15,149 | +€691 | +4.8% |
| Gross operating margin | 9900 | €83,848 | €96,589 | +€12,741 | +15.2% |
| Operating profit (loss) | 9901 | €54,105 | €74,317 | +€20,212 | +37.4% |
| Financial income | 75/76B | €13,668 | €13,483 | -€185 | -1.4% |
| Recurring financial income | 75 | €13,668 | €13,483 | -€185 | -1.4% |
| Financial charges | 65/66B | €757 | €332 | -€426 | -56.2% |
| Recurring financial charges | 65 | €757 | €332 | -€426 | -56.2% |
| Profit (loss) for the period before taxes | 9903 | €67,015 | €87,468 | +€20,453 | +30.5% |
| Income taxes | 67/77 | €384 | €13,617 | +€13,232 | +3,443% |
| Profit (loss) for the period | 9904 | €66,631 | €73,851 | +€7,220 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,631 | €73,851 | +€7,220 | +10.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.