CALUMAR: 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.
CALUMAR
Largest movements
- Cash +€1.1m
up €1.1m (+2,545%), from €44,439 to €1.2m
mainly Current investments (+€752,709) and Net result for the year (+€366,985)
- Current investments -€752,709
down €752,709 (-39.6%), from €1.9m to €1.1m
- Reserves +€366,985
up €366,985 (+18.8%), from €2.0m to €2.3m
- Financial income +€14,908
up €14,908 (+19.0%), from €78,464 to €93,371
- Gross operating margin +€8,705
up €8,705 (+2.0%), from €425,572 to €434,277
- Taxes +€6,049
up €6,049 (+4.3%), from €140,600 to €146,648
- Financial charges +€6,010
up €6,010, from -€5,687 to €323
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 | €2,009,362 | €2,372,972 | +€363,610 | +18.1% |
| Fixed assets | 21/28 | €48,309 | €34,974 | -€13,335 | -27.6% |
| Tangible fixed assets | 22/27 | €48,309 | €34,974 | -€13,335 | -27.6% |
| Furniture and vehicles | 24 | €48,309 | €34,974 | -€13,335 | -27.6% |
| Current assets | 29/58 | €1,961,053 | €2,337,999 | +€376,946 | +19.2% |
| Amounts receivable within one year | 40/41 | €18,064 | €16,637 | -€1,427 | -7.9% |
| Trade receivables | 40 | €11,848 | €7,811 | -€4,037 | -34.1% |
| Other amounts receivable | 41 | €6,216 | €8,825 | +€2,609 | +42.0% |
| Current investments | 50/53 | €1,898,550 | €1,145,841 | -€752,709 | -39.6% |
| Cash at bank and in hand | 54/58 | €44,439 | €1,175,521 | +€1.1m | +2,545% |
| Total equity and liabilities | 10/49 | €2,009,362 | €2,372,972 | +€363,610 | +18.1% |
| Equity | 10/15 | €1,969,811 | €2,336,796 | +€366,985 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,951,211 | €2,318,196 | +€366,985 | +18.8% |
| Distributable reserves | 133 | €1,951,211 | €2,318,196 | +€366,985 | +18.8% |
| Amounts payable | 17/49 | €39,551 | €36,176 | -€3,375 | -8.5% |
| Amounts payable within one year | 42/48 | €39,551 | €36,176 | -€3,375 | -8.5% |
| Trade debts | 44 | €29,682 | €34,172 | +€4,490 | +15.1% |
| Suppliers | 440/4 | €29,682 | €34,172 | +€4,490 | +15.1% |
| Taxes, remuneration and social security | 45 | €9,869 | €2,004 | -€7,865 | -79.7% |
| Taxes | 450/3 | €9,172 | €15 | -€9,158 | -99.8% |
| Remuneration and social security | 454/9 | €697 | €1,989 | +€1,293 | +185% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,722 | €13,335 | -€2,386 | -15.2% |
| Other operating charges | 640/8 | €276 | €356 | +€80 | +29.1% |
| Gross operating margin | 9900 | €425,572 | €434,277 | +€8,705 | +2.0% |
| Operating profit (loss) | 9901 | €409,575 | €420,585 | +€11,011 | +2.7% |
| Financial income | 75/76B | €78,464 | €93,371 | +€14,908 | +19.0% |
| Recurring financial income | 75 | €78,464 | €93,371 | +€14,908 | +19.0% |
| Financial charges | 65/66B | -€5,687 | €323 | +€6,010 | |
| Recurring financial charges | 65 | -€5,687 | €323 | +€6,010 | |
| Profit (loss) for the period before taxes | 9903 | €493,726 | €513,633 | +€19,908 | +4.0% |
| Income taxes | 67/77 | €140,600 | €146,648 | +€6,049 | +4.3% |
| Profit (loss) for the period | 9904 | €353,126 | €366,985 | +€13,859 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €353,126 | €366,985 | +€13,859 | +3.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.