CALUVEK: 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.
CALUVEK
Largest movements
- Current investments +€2.3m
up €2.3m (+28.8%), from €8.1m to €10.4m
- Receivables within one year +€721,290
up €721,290 (+83.5%), from €863,842 to €1.6m
of which Other amounts receivable: +€650,914
- Cash +€401,580
up €401,580 (+175.7%), from €228,597 to €630,177
mainly Net result for the year (+€3.8m) and Depreciation (+€17,897)
- Stocks and contracts +€155,894
up €155,894 (+21.5%), from €724,374 to €880,268
- Reserves +€3.8m
up €3.8m (+38.3%), from €9.8m to €13.6m
- Gross operating margin -€4.4m
down €4.4m (-47.4%), from €9.2m to €4.8m
- Taxes -€1.7m
down €1.7m (-57.7%), from €3.0m to €1.3m
- Financial income +€261,097
up €261,097 (+123.0%), from €212,233 to €473,330
- Financial charges +€227,618
up €227,618 (+471.0%), from €48,323 to €275,941
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 | €9,969,258 | €13,595,228 | +€3.6m | +36.4% |
| Fixed assets | 21/28 | €65,618 | €72,868 | +€7,251 | +11.0% |
| Tangible fixed assets | 22/27 | €65,618 | €72,868 | +€7,251 | +11.0% |
| Plant, machinery and equipment | 23 | €10,462 | €9,148 | -€1,314 | -12.6% |
| Furniture and vehicles | 24 | €55,156 | €39,986 | -€15,170 | -27.5% |
| Other tangible fixed assets | 26 | - | €23,735 | +€23,735 | |
| Current assets | 29/58 | €9,903,640 | €13,522,360 | +€3.6m | +36.5% |
| Stocks and contracts in progress | 3 | €724,374 | €880,268 | +€155,894 | +21.5% |
| Stocks | 30/36 | €724,374 | €880,268 | +€155,894 | +21.5% |
| Amounts receivable within one year | 40/41 | €863,842 | €1,585,132 | +€721,290 | +83.5% |
| Trade receivables | 40 | €378,878 | €449,254 | +€70,376 | +18.6% |
| Other amounts receivable | 41 | €484,964 | €1,135,878 | +€650,914 | +134.2% |
| Current investments | 50/53 | €8,086,675 | €10,412,212 | +€2.3m | +28.8% |
| Cash at bank and in hand | 54/58 | €228,597 | €630,177 | +€401,580 | +175.7% |
| Deferred charges and accrued income | 490/1 | €151 | €14,571 | +€14,421 | +9579.4% |
| Total equity and liabilities | 10/49 | €9,969,258 | €13,595,228 | +€3.6m | +36.4% |
| Equity | 10/15 | €9,826,888 | €13,587,179 | +€3.8m | +38.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,824,888 | €13,585,179 | +€3.8m | +38.3% |
| Distributable reserves | 133 | €9,824,888 | €13,585,179 | +€3.8m | +38.3% |
| Amounts payable | 17/49 | €142,370 | €8,050 | -€134,320 | -94.3% |
| Amounts payable within one year | 42/48 | €142,370 | €8,050 | -€134,320 | -94.3% |
| Trade debts | 44 | €140,444 | €6,146 | -€134,298 | -95.6% |
| Suppliers | 440/4 | €140,444 | €6,146 | -€134,298 | -95.6% |
| Taxes, remuneration and social security | 45 | €1,926 | €1,904 | -€22 | -1.1% |
| Taxes | 450/3 | €296 | €263 | -€33 | -11.1% |
| Remuneration and social security | 454/9 | €1,629 | €1,640 | +€11 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,643 | €17,897 | +€2,254 | +14.4% |
| Other operating charges | 640/8 | €1,371 | €1,163 | -€208 | -15.1% |
| Gross operating margin | 9900 | €9,192,797 | €4,838,917 | -€4.4m | -47.4% |
| Operating profit (loss) | 9901 | €9,175,782 | €4,819,857 | -€4.4m | -47.5% |
| Financial income | 75/76B | €212,233 | €473,330 | +€261,097 | +123.0% |
| Recurring financial income | 75 | €212,233 | €473,330 | +€261,097 | +123.0% |
| Financial charges | 65/66B | €48,323 | €275,941 | +€227,618 | +471.0% |
| Recurring financial charges | 65 | €48,323 | €275,941 | +€227,618 | +471.0% |
| Profit (loss) for the period before taxes | 9903 | €9,339,692 | €5,017,247 | -€4.3m | -46.3% |
| Income taxes | 67/77 | €2,968,490 | €1,256,956 | -€1.7m | -57.7% |
| Profit (loss) for the period | 9904 | €6,371,202 | €3,760,291 | -€2.6m | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,371,202 | €3,760,291 | -€2.6m | -41.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.