CALUGA MANAGEMENT CONSULTING: 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.
CALUGA MANAGEMENT CONSULTING
Largest movements
- Receivables within one year -€140,447
down €140,447 (-60.6%), from €231,808 to €91,361
of which Trade receivables: -€139,471
- Cash -€15,456
down €15,456 (-44.4%), from €34,773 to €19,317
mainly Trade debts (-€195,156) and Deferred charges and accrued income (-€7,926)
- Deferred charges and accrued income +€7,926
up €7,926 (+164%), from €4,830 to €12,755
- Trade debts -€195,156
down €195,156 (-86.7%), from €225,037 to €29,880
- Other debts +€26,329
new in 2025: €26,329
- Reserves +€11,000
up €11,000 (+92.6%), from €11,875 to €22,875
- Tax, wage and social debts +€6,974
up €6,974 (+145%), from €4,795 to €11,768
- Accrued charges and deferred income +€2,832
up €2,832 (+13.5%), from €21,000 to €23,832
- Gross operating margin -€24,308
down €24,308 (-49.7%), from €48,877 to €24,570
- Taxes -€6,244
down €6,244 (-47.2%), from €13,218 to €6,974
- Other operating charges -€4,657
down €4,657 (-83.3%), from €5,590 to €933
- Depreciation -€2,778
down €2,778 (-41.7%), from €6,668 to €3,890
- Financial charges -€1,050
down €1,050 (-53.5%), from €1,963 to €912
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 | €278,359 | €131,221 | -€147,138 | -52.9% |
| Fixed assets | 21/28 | €6,948 | €7,787 | +€839 | +12.1% |
| Tangible fixed assets | 22/27 | €6,948 | €7,787 | +€839 | +12.1% |
| Furniture and vehicles | 24 | €6,948 | €7,787 | +€839 | +12.1% |
| Current assets | 29/58 | €271,411 | €123,434 | -€147,977 | -54.5% |
| Amounts receivable within one year | 40/41 | €231,808 | €91,361 | -€140,447 | -60.6% |
| Trade receivables | 40 | €230,122 | €90,651 | -€139,471 | -60.6% |
| Other amounts receivable | 41 | €1,686 | €710 | -€976 | -57.9% |
| Cash at bank and in hand | 54/58 | €34,773 | €19,317 | -€15,456 | -44.4% |
| Deferred charges and accrued income | 490/1 | €4,830 | €12,755 | +€7,926 | +164% |
| Total equity and liabilities | 10/49 | €278,359 | €131,221 | -€147,138 | -52.9% |
| Equity | 10/15 | €27,528 | €39,412 | +€11,884 | +43.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €11,875 | €22,875 | +€11,000 | +92.6% |
| Distributable reserves | 133 | €11,875 | €22,875 | +€11,000 | +92.6% |
| Profit (loss) carried forward | 14 | -€3,097 | -€2,213 | +€884 | +28.5% |
| Amounts payable | 17/49 | €250,831 | €91,809 | -€159,022 | -63.4% |
| Amounts payable within one year | 42/48 | €229,831 | €67,977 | -€161,854 | -70.4% |
| Trade debts | 44 | €225,037 | €29,880 | -€195,156 | -86.7% |
| Suppliers | 440/4 | €225,037 | €29,880 | -€195,156 | -86.7% |
| Taxes, remuneration and social security | 45 | €4,795 | €11,768 | +€6,974 | +145% |
| Taxes | 450/3 | €4,795 | €11,768 | +€6,974 | +145% |
| Other amounts payable | 47/48 | - | €26,329 | +€26,329 | |
| Accrued charges and deferred income | 492/3 | €21,000 | €23,832 | +€2,832 | +13.5% |
| Non-recurring operating income | 76A | - | €272 | +€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,668 | €3,890 | -€2,778 | -41.7% |
| Other operating charges | 640/8 | €5,590 | €933 | -€4,657 | -83.3% |
| Non-recurring operating charges | 66A | €10,435 | - | -€10,435 | |
| Gross operating margin | 9900 | €48,877 | €24,570 | -€24,308 | -49.7% |
| Operating profit (loss) | 9901 | €26,185 | €19,746 | -€6,438 | -24.6% |
| Financial income | 75/76B | €123 | €24 | -€99 | -80.6% |
| Recurring financial income | 75 | €123 | €24 | -€99 | -80.6% |
| Financial charges | 65/66B | €1,963 | €912 | -€1,050 | -53.5% |
| Recurring financial charges | 65 | €1,963 | €912 | -€1,050 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €24,345 | €18,858 | -€5,487 | -22.5% |
| Income taxes | 67/77 | €13,218 | €6,974 | -€6,244 | -47.2% |
| Profit (loss) for the period | 9904 | €11,127 | €11,884 | +€757 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,127 | €11,884 | +€757 | +6.8% |
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 28 October 2026 via checked.be.