CALUWAERT: 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.
CALUWAERT
Largest movements
- Cash +€51,066
up €51,066 (+39.7%), from €128,560 to €179,626
mainly Other debts (+€127,209) and Depreciation (+€27,546)
- Tangible fixed assets -€27,546
down €27,546 (-14.9%), from €184,380 to €156,835
of which Land and buildings: -€16,057
- Receivables within one year -€13,806
down €13,806 (-12.0%), from €115,171 to €101,364
of which Trade receivables: -€12,978
- Other debts +€127,209
up €127,209 (+76.4%), from €166,501 to €293,710
- Reserves -€122,151
down €122,151 (-67.1%), from €182,082 to €59,931
- Gross operating margin -€22,109
down €22,109 (-7.5%), from €296,269 to €274,160
- Taxes +€6,953
up €6,953 (+347.6%), from €2,000 to €8,953
- Other operating charges +€3,031
up €3,031 (+109.9%), from €2,759 to €5,790
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 | €429,625 | €438,574 | +€8,949 | +2.1% |
| Fixed assets | 21/28 | €184,380 | €156,835 | -€27,546 | -14.9% |
| Tangible fixed assets | 22/27 | €184,380 | €156,835 | -€27,546 | -14.9% |
| Land and buildings | 22 | €167,512 | €151,455 | -€16,057 | -9.6% |
| Furniture and vehicles | 24 | €16,868 | €5,380 | -€11,488 | -68.1% |
| Current assets | 29/58 | €245,244 | €281,739 | +€36,494 | +14.9% |
| Amounts receivable within one year | 40/41 | €115,171 | €101,364 | -€13,806 | -12.0% |
| Trade receivables | 40 | €93,739 | €80,761 | -€12,978 | -13.8% |
| Other amounts receivable | 41 | €21,431 | €20,603 | -€828 | -3.9% |
| Cash at bank and in hand | 54/58 | €128,560 | €179,626 | +€51,066 | +39.7% |
| Deferred charges and accrued income | 490/1 | €1,513 | €748 | -€765 | -50.5% |
| Total equity and liabilities | 10/49 | €429,625 | €438,574 | +€8,949 | +2.1% |
| Equity | 10/15 | €200,682 | €78,531 | -€122,151 | -60.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,082 | €59,931 | -€122,151 | -67.1% |
| Distributable reserves | 133 | €182,082 | €59,931 | -€122,151 | -67.1% |
| Amounts payable | 17/49 | €228,943 | €360,042 | +€131,100 | +57.3% |
| Amounts payable within one year | 42/48 | €227,693 | €358,792 | +€131,100 | +57.6% |
| Trade debts | 44 | €8,167 | €12,006 | +€3,839 | +47.0% |
| Suppliers | 440/4 | €8,167 | €12,006 | +€3,839 | +47.0% |
| Taxes, remuneration and social security | 45 | €53,025 | €53,077 | +€52 | +0.1% |
| Taxes | 450/3 | €19,575 | €18,464 | -€1,111 | -5.7% |
| Remuneration and social security | 454/9 | €33,449 | €34,612 | +€1,163 | +3.5% |
| Other amounts payable | 47/48 | €166,501 | €293,710 | +€127,209 | +76.4% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €212,264 | €214,252 | +€1,989 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,462 | €27,546 | +€84 | +0.3% |
| Other operating charges | 640/8 | €2,759 | €5,790 | +€3,031 | +109.9% |
| Gross operating margin | 9900 | €296,269 | €274,160 | -€22,109 | -7.5% |
| Operating profit (loss) | 9901 | €53,785 | €26,572 | -€27,213 | -50.6% |
| Financial income | 75/76B | €51 | €205 | +€153 | +297.9% |
| Recurring financial income | 75 | €51 | €205 | +€153 | +297.9% |
| Financial charges | 65/66B | €321 | €753 | +€432 | +134.6% |
| Recurring financial charges | 65 | €321 | €753 | +€432 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | €53,515 | €26,024 | -€27,491 | -51.4% |
| Income taxes | 67/77 | €2,000 | €8,953 | +€6,953 | +347.6% |
| Profit (loss) for the period | 9904 | €51,515 | €17,071 | -€34,444 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,515 | €17,071 | -€34,444 | -66.9% |
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 11 October 2026 via checked.be.