CALVAM: 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.
CALVAM
Largest movements
- Cash +€15,299
up €15,299 (+163.3%), from €9,368 to €24,667
mainly Net result for the year (+€13,447) and Tax, wage and social debts (+€10,370)
- Tangible fixed assets -€8,472
down €8,472 (-33.3%), from €25,417 to €16,945
of which Furniture and vehicles: -€8,107
- Receivables within one year -€5,117
down €5,117 (-24.2%), from €21,107 to €15,991
of which Other amounts receivable: -€5,694
- Tax, wage and social debts +€10,370
up €10,370 (+203.4%), from €5,098 to €15,468
of which Taxes: +€12,664
- Debts after one year -€6,571
down €6,571 (-85.4%), from €7,691 to €1,120
- Other debts -€4,367
down €4,367 (-69.3%), from €6,300 to €1,933
- Profit (loss) carried forward +€1,447
up €1,447 (+6.2%), from €23,191 to €24,638
- Trade debts +€585
up €585 (+53.8%), from €1,088 to €1,673
- Gross operating margin +€10,117
up €10,117 (+37.8%), from €26,783 to €36,900
- Taxes +€8,168
up €8,168 (+2497.0%), from €327 to €8,495
- Financial charges -€383
down €383 (-43.4%), from €883 to €500
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 | €55,892 | €57,602 | +€1,710 | +3.1% |
| Fixed assets | 21/28 | €25,417 | €16,945 | -€8,472 | -33.3% |
| Tangible fixed assets | 22/27 | €25,417 | €16,945 | -€8,472 | -33.3% |
| Plant, machinery and equipment | 23 | €1,097 | €731 | -€366 | -33.3% |
| Furniture and vehicles | 24 | €24,320 | €16,214 | -€8,107 | -33.3% |
| Current assets | 29/58 | €30,475 | €40,658 | +€10,182 | +33.4% |
| Amounts receivable within one year | 40/41 | €21,107 | €15,991 | -€5,117 | -24.2% |
| Trade receivables | 40 | €15,413 | €15,991 | +€577 | +3.7% |
| Other amounts receivable | 41 | €5,694 | - | -€5,694 | |
| Cash at bank and in hand | 54/58 | €9,368 | €24,667 | +€15,299 | +163.3% |
| Total equity and liabilities | 10/49 | €55,892 | €57,602 | +€1,710 | +3.1% |
| Equity | 10/15 | €29,391 | €30,838 | +€1,447 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,191 | €24,638 | +€1,447 | +6.2% |
| Amounts payable | 17/49 | €26,501 | €26,765 | +€263 | +1.0% |
| Amounts payable after more than one year | 17 | €7,691 | €1,120 | -€6,571 | -85.4% |
| Financial debts | 170/4 | €7,691 | €1,120 | -€6,571 | -85.4% |
| Amounts payable within one year | 42/48 | €18,811 | €25,645 | +€6,835 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €6,324 | €6,571 | +€247 | +3.9% |
| Trade debts | 44 | €1,088 | €1,673 | +€585 | +53.8% |
| Suppliers | 440/4 | €1,088 | €1,673 | +€585 | +53.8% |
| Taxes, remuneration and social security | 45 | €5,098 | €15,468 | +€10,370 | +203.4% |
| Taxes | 450/3 | €2,805 | €15,468 | +€12,664 | +451.5% |
| Remuneration and social security | 454/9 | €2,294 | - | -€2,294 | |
| Other amounts payable | 47/48 | €6,300 | €1,933 | -€4,367 | -69.3% |
| Remuneration, social security and pensions | 62 | €5,279 | €5,279 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,618 | €8,472 | -€146 | -1.7% |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Non-recurring operating charges | 66A | €205 | €181 | -€25 | -12.0% |
| Gross operating margin | 9900 | €26,783 | €36,900 | +€10,117 | +37.8% |
| Operating profit (loss) | 9901 | €12,165 | €22,440 | +€10,275 | +84.5% |
| Financial income | 75/76B | €369 | €1 | -€368 | -99.8% |
| Recurring financial income | 75 | €369 | €1 | -€368 | -99.8% |
| Financial charges | 65/66B | €883 | €500 | -€383 | -43.4% |
| Recurring financial charges | 65 | €883 | €500 | -€383 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €11,651 | €21,941 | +€10,290 | +88.3% |
| Income taxes | 67/77 | €327 | €8,495 | +€8,168 | +2497.0% |
| Profit (loss) for the period | 9904 | €11,324 | €13,447 | +€2,123 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €13,447 | +€2,123 | +18.7% |
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 10 October 2026 via checked.be.