CALUMAT: 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.
CALUMAT
Largest movements
- Stocks and contracts +€63,420
new in 2025: €63,420
- Receivables within one year +€41,361
up €41,361 (+1076.2%), from €3,843 to €45,204
of which Trade receivables: +€31,497
- Intangible fixed assets +€22,483
new in 2025: €22,483
- Financial fixed assets +€16,679
new in 2025: €16,679
- Cash +€2,075
up €2,075 (+20.9%), from €9,926 to €12,001
mainly Debts after one year (+€87,867) and Trade debts (+€37,489)
- Debts after one year +€87,867
up €87,867 (+430.3%), from €20,421 to €108,288
- Trade debts +€37,489
up €37,489 (+2171.7%), from €1,726 to €39,215
- Other debts +€34,412
up €34,412 (+58493.2%), from €59 to €34,470
- Profit (loss) carried forward -€31,113
down €31,113 (-918.6%), from -€3,387 to -€34,500
- Current portion of long-term debt +€15,292
up €15,292 (+333.9%), from €4,579 to €19,871
- Gross operating margin -€27,702
down €27,702, from €5,338 to -€22,364
- Staff costs -€5,232
down €5,232 (-92.9%), from €5,634 to €402
- Financial charges +€3,307
up €3,307 (+212.5%), from €1,556 to €4,863
- Depreciation +€1,474
up €1,474 (+145.6%), from €1,013 to €2,487
- Other operating charges +€546
up €546 (+104.5%), from €522 to €1,068
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 | €29,659 | €173,708 | +€144,048 | +485.7% |
| Fixed assets | 21/28 | €15,890 | €53,082 | +€37,192 | +234.1% |
| Intangible fixed assets | 21 | - | €22,483 | +€22,483 | |
| Tangible fixed assets | 22/27 | €15,890 | €13,920 | -€1,970 | -12.4% |
| Plant, machinery and equipment | 23 | €15,890 | €13,920 | -€1,970 | -12.4% |
| Financial fixed assets | 28 | - | €16,679 | +€16,679 | |
| Current assets | 29/58 | €13,769 | €120,626 | +€106,856 | +776.0% |
| Stocks and contracts in progress | 3 | - | €63,420 | +€63,420 | |
| Contracts in progress | 37 | - | €63,420 | +€63,420 | |
| Amounts receivable within one year | 40/41 | €3,843 | €45,204 | +€41,361 | +1076.2% |
| Trade receivables | 40 | €3,843 | €35,340 | +€31,497 | +819.6% |
| Other amounts receivable | 41 | - | €9,864 | +€9,864 | |
| Cash at bank and in hand | 54/58 | €9,926 | €12,001 | +€2,075 | +20.9% |
| Total equity and liabilities | 10/49 | €29,659 | €173,708 | +€144,048 | +485.7% |
| Equity | 10/15 | €113 | -€31,000 | -€31,113 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,387 | -€34,500 | -€31,113 | -918.6% |
| Amounts payable | 17/49 | €29,546 | €204,708 | +€175,161 | +592.8% |
| Amounts payable after more than one year | 17 | €20,421 | €108,288 | +€87,867 | +430.3% |
| Financial debts | 170/4 | €20,421 | €108,288 | +€87,867 | +430.3% |
| Amounts payable within one year | 42/48 | €9,126 | €96,420 | +€87,294 | +956.6% |
| Current portion of amounts payable after more than one year | 42 | €4,579 | €19,871 | +€15,292 | +333.9% |
| Trade debts | 44 | €1,726 | €39,215 | +€37,489 | +2171.7% |
| Suppliers | 440/4 | €1,726 | €39,215 | +€37,489 | +2171.7% |
| Advances received on contracts in progress | 46 | €2,354 | €2,863 | +€509 | +21.6% |
| Taxes, remuneration and social security | 45 | €408 | - | -€408 | |
| Taxes | 450/3 | €408 | - | -€408 | |
| Other amounts payable | 47/48 | €59 | €34,470 | +€34,412 | +58493.2% |
| Remuneration, social security and pensions | 62 | €5,634 | €402 | -€5,232 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,013 | €2,487 | +€1,474 | +145.6% |
| Other operating charges | 640/8 | €522 | €1,068 | +€546 | +104.5% |
| Gross operating margin | 9900 | €5,338 | -€22,364 | -€27,702 | |
| Operating profit (loss) | 9901 | -€1,831 | -€26,321 | -€24,490 | -1337.7% |
| Financial income | 75/76B | €0 | €71 | +€71 | +352750.0% |
| Recurring financial income | 75 | €0 | €71 | +€71 | +352750.0% |
| Financial charges | 65/66B | €1,556 | €4,863 | +€3,307 | +212.5% |
| Recurring financial charges | 65 | €1,556 | €4,863 | +€3,307 | +212.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,387 | -€31,113 | -€27,726 | -818.6% |
| Profit (loss) for the period | 9904 | -€3,387 | -€31,113 | -€27,726 | -818.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,387 | -€31,113 | -€27,726 | -818.6% |
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 9 October 2026 via checked.be.