CALUBERNA HOLDING: 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.
CALUBERNA HOLDING
Largest movements
- Cash +€209,473
up €209,473 (+64.4%), from €325,249 to €534,722
mainly Investment in fixed assets (net) (+€171,240) and Net result for the year (+€61,980)
- Financial fixed assets -€171,240
down €171,240 (-6.1%), from €2.8m to €2.6m
- Profit (loss) carried forward +€61,980
up €61,980 (+0.5%), from -€11.3m to -€11.3m
- Financial charges -€12.7m
down €12.7m (-100.0%), from €12.7m to €437
of which Non-recurring financial charges: -€12.7m
- Gross operating margin -€39,819
down €39,819, from €18,093 to -€21,725
- Financial income +€37,609
up €37,609 (+68.6%), from €54,807 to €92,416
- Taxes +€3,816
new in 2025: €3,816
- Other operating charges +€1,094
up €1,094 (+32.5%), from €3,365 to €4,459
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.
Derived cash bridge
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 | €5,160,254 | €5,228,257 | +€68,003 | +1.3% |
| Fixed assets | 21/28 | €2,813,613 | €2,642,373 | -€171,240 | -6.1% |
| Financial fixed assets | 28 | €2,813,613 | €2,642,373 | -€171,240 | -6.1% |
| Current assets | 29/58 | €2,346,641 | €2,585,884 | +€239,243 | +10.2% |
| Amounts receivable within one year | 40/41 | €13,249 | €21,706 | +€8,457 | +63.8% |
| Trade receivables | 40 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Other amounts receivable | 41 | €4,249 | €11,706 | +€7,457 | +175% |
| Current investments | 50/53 | €1,999,139 | €2,018,975 | +€19,836 | +1.0% |
| Cash at bank and in hand | 54/58 | €325,249 | €534,722 | +€209,473 | +64.4% |
| Deferred charges and accrued income | 490/1 | €9,004 | €10,481 | +€1,477 | +16.4% |
| Total equity and liabilities | 10/49 | €5,160,254 | €5,228,257 | +€68,003 | +1.3% |
| Equity | 10/15 | -€3,831,821 | -€3,769,841 | +€61,980 | +1.6% |
| Contributions | 10/11 | €7,506,050 | €7,506,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,337,871 | -€11,275,891 | +€61,980 | +0.5% |
| Amounts payable | 17/49 | €8,992,075 | €8,998,098 | +€6,024 | +0.1% |
| Amounts payable within one year | 42/48 | €8,992,002 | €8,998,098 | +€6,096 | +0.1% |
| Trade debts | 44 | €6,486 | €9,573 | +€3,088 | +47.6% |
| Suppliers | 440/4 | €6,486 | €9,573 | +€3,088 | +47.6% |
| Taxes, remuneration and social security | 45 | - | €3,009 | +€3,009 | |
| Taxes | 450/3 | - | €3,009 | +€3,009 | |
| Other amounts payable | 47/48 | €8,985,516 | €8,985,516 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €73 | €0 | -€73 | -100% |
| Other operating charges | 640/8 | €3,365 | €4,459 | +€1,094 | +32.5% |
| Gross operating margin | 9900 | €18,093 | -€21,725 | -€39,819 | |
| Operating profit (loss) | 9901 | €14,728 | -€26,184 | -€40,912 | |
| Financial income | 75/76B | €54,807 | €92,416 | +€37,609 | +68.6% |
| Recurring financial income | 75 | €54,807 | €92,416 | +€37,609 | +68.6% |
| Financial charges | 65/66B | €12,666,025 | €437 | -€12.7m | -100.0% |
| Recurring financial charges | 65 | €2,845 | €437 | -€2,408 | -84.6% |
| Non-recurring financial charges | 66B | €12,663,181 | €0 | -€12.7m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€12,596,490 | €65,796 | +€12.7m | |
| Income taxes | 67/77 | - | €3,816 | +€3,816 | |
| Profit (loss) for the period | 9904 | -€12,596,490 | €61,980 | +€12.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,596,490 | €61,980 | +€12.7m |
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 31 October 2026 via checked.be.