CALUWAERTS AN: 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 AN
Largest movements
- Cash +€19,167
up €19,167 (+40.0%), from €47,938 to €67,105
mainly Net result for the year (+€34,687) and Trade debts (+€825)
- Receivables within one year +€1,515
new in 2025: €1,515
- Tangible fixed assets +€1,432
up €1,432 (+108%), from €1,325 to €2,757
- Reserves +€34,687
up €34,687 (+293%), from €11,823 to €46,510
- Other debts -€10,546
down €10,546 (-100%), from €10,546 to €0
- Tax, wage and social debts -€3,000
down €3,000 (-13.4%), from €22,361 to €19,361
- Trade debts +€825
new in 2025: €825
- Gross operating margin +€7,647
up €7,647 (+20.0%), from €38,203 to €45,850
- Taxes +€882
up €882 (+9.5%), from €9,240 to €10,121
- Other operating charges +€825
new in 2025: €825
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 | €49,730 | €71,696 | +€21,966 | +44.2% |
| Fixed assets | 21/28 | €1,325 | €2,757 | +€1,432 | +108% |
| Tangible fixed assets | 22/27 | €1,325 | €2,757 | +€1,432 | +108% |
| Furniture and vehicles | 24 | €1,325 | €2,757 | +€1,432 | +108% |
| Current assets | 29/58 | €48,405 | €68,940 | +€20,535 | +42.4% |
| Amounts receivable within one year | 40/41 | - | €1,515 | +€1,515 | |
| Other amounts receivable | 41 | - | €1,515 | +€1,515 | |
| Cash at bank and in hand | 54/58 | €47,938 | €67,105 | +€19,167 | +40.0% |
| Deferred charges and accrued income | 490/1 | €467 | €320 | -€147 | -31.4% |
| Total equity and liabilities | 10/49 | €49,730 | €71,696 | +€21,966 | +44.2% |
| Equity | 10/15 | €16,823 | €51,510 | +€34,687 | +206% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,823 | €46,510 | +€34,687 | +293% |
| Distributable reserves | 133 | €11,823 | €46,510 | +€34,687 | +293% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,907 | €20,186 | -€12,721 | -38.7% |
| Amounts payable within one year | 42/48 | €32,907 | €20,186 | -€12,721 | -38.7% |
| Trade debts | 44 | - | €825 | +€825 | |
| Suppliers | 440/4 | - | €825 | +€825 | |
| Taxes, remuneration and social security | 45 | €22,361 | €19,361 | -€3,000 | -13.4% |
| Taxes | 450/3 | €22,361 | €19,361 | -€3,000 | -13.4% |
| Other amounts payable | 47/48 | €10,546 | €0 | -€10,546 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €205 | +€16 | +8.5% |
| Other operating charges | 640/8 | - | €825 | +€825 | |
| Gross operating margin | 9900 | €38,203 | €45,850 | +€7,647 | +20.0% |
| Operating profit (loss) | 9901 | €38,014 | €44,820 | +€6,806 | +17.9% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €80 | €90 | +€11 | +13.4% |
| Recurring financial charges | 65 | €80 | €90 | +€11 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €37,934 | €44,809 | +€6,875 | +18.1% |
| Income taxes | 67/77 | €9,240 | €10,121 | +€882 | +9.5% |
| Profit (loss) for the period | 9904 | €28,695 | €34,687 | +€5,993 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,695 | €34,687 | +€5,993 | +20.9% |
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 31 October 2026 via checked.be.