Caluwaerts: 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.
Caluwaerts
Largest movements
- Tangible fixed assets -€15,734
down €15,734 (-36.1%), from €43,583 to €27,849
of which Furniture and vehicles: -€14,488
- Cash +€13,336
up €13,336 (+11.5%), from €116,430 to €129,766
mainly Depreciation (+€15,734) and Other debts (+€6,000)
- Reserves -€8,246
down €8,246 (-5.3%), from €156,952 to €148,706
- Other debts +€6,000
new in 2025: €6,000
- Gross operating margin -€33,988
down €33,988 (-69.2%), from €49,125 to €15,137
- Taxes -€9,564
down €9,564 (-96.2%), from €9,946 to €381
- Financial charges -€1,039
down €1,039 (-46.8%), from €2,220 to €1,181
- Financial income +€634
up €634 (+722.2%), from €88 to €721
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 | €182,589 | €178,875 | -€3,714 | -2.0% |
| Fixed assets | 21/28 | €43,583 | €27,849 | -€15,734 | -36.1% |
| Tangible fixed assets | 22/27 | €43,583 | €27,849 | -€15,734 | -36.1% |
| Plant, machinery and equipment | 23 | €3,969 | €2,723 | -€1,246 | -31.4% |
| Furniture and vehicles | 24 | €39,614 | €25,125 | -€14,488 | -36.6% |
| Current assets | 29/58 | €139,007 | €151,027 | +€12,020 | +8.6% |
| Amounts receivable within one year | 40/41 | €21,359 | €21,260 | -€99 | -0.5% |
| Trade receivables | 40 | €6,331 | €14,981 | +€8,650 | +136.6% |
| Other amounts receivable | 41 | €15,028 | €6,279 | -€8,749 | -58.2% |
| Cash at bank and in hand | 54/58 | €116,430 | €129,766 | +€13,336 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,217 | €0 | -€1,217 | -100.0% |
| Total equity and liabilities | 10/49 | €182,589 | €178,875 | -€3,714 | -2.0% |
| Equity | 10/15 | €180,352 | €172,106 | -€8,246 | -4.6% |
| Contributions | 10/11 | €23,400 | €23,400 | = | 0.0% |
| Reserves | 13 | €156,952 | €148,706 | -€8,246 | -5.3% |
| Distributable reserves | 133 | €156,952 | €148,706 | -€8,246 | -5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,237 | €6,769 | +€4,532 | +202.5% |
| Amounts payable within one year | 42/48 | €2,237 | €6,769 | +€4,532 | +202.5% |
| Trade debts | 44 | €2,237 | €551 | -€1,686 | -75.4% |
| Suppliers | 440/4 | €2,237 | €551 | -€1,686 | -75.4% |
| Taxes, remuneration and social security | 45 | €0 | €218 | +€218 | |
| Taxes | 450/3 | €0 | €218 | +€218 | |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,978 | €15,734 | -€244 | -1.5% |
| Other operating charges | 640/8 | €912 | €809 | -€104 | -11.4% |
| Gross operating margin | 9900 | €49,125 | €15,137 | -€33,988 | -69.2% |
| Operating profit (loss) | 9901 | €32,234 | -€1,405 | -€33,640 | |
| Financial income | 75/76B | €88 | €721 | +€634 | +722.2% |
| Recurring financial income | 75 | €88 | €721 | +€634 | +722.2% |
| Financial charges | 65/66B | €2,220 | €1,181 | -€1,039 | -46.8% |
| Recurring financial charges | 65 | €2,220 | €1,181 | -€1,039 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €30,102 | -€1,865 | -€31,967 | |
| Income taxes | 67/77 | €9,946 | €381 | -€9,564 | -96.2% |
| Profit (loss) for the period | 9904 | €20,157 | -€2,246 | -€22,403 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,157 | -€2,246 | -€22,403 |
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.