CALVAN: 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.
CALVAN
Largest movements
- Cash +€9,541
up €9,541 (+63.8%), from €14,947 to €24,489
mainly Receivables within one year (+€8,504) and Depreciation (+€4,561)
- Receivables within one year -€8,504
down €8,504 (-92.7%), from €9,176 to €672
of which Trade receivables: -€6,738
- Tangible fixed assets -€1,891
down €1,891 (-26.5%), from €7,124 to €5,233
of which Furniture and vehicles: -€4,200
- Current portion of long-term debt -€4,508
no longer reported in 2026 (was €4,508)
- Tax, wage and social debts +€2,629
new in 2026: €2,629
of which Remuneration and social security: +€1,701
- Short-term financial debts +€1,909
new in 2026: €1,909
- Debts after one year -€1,529
no longer reported in 2026 (was €1,529)
- Reserves +€818
up €818 (+2.0%), from €40,428 to €41,246
- Gross operating margin +€1,508
up €1,508 (+29.6%), from €5,085 to €6,593
- Taxes +€1,500
up €1,500, from -€1,000 to €500
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,758 | €32,061 | -€697 | -2.1% |
| Fixed assets | 21/28 | €7,224 | €5,333 | -€1,891 | -26.2% |
| Tangible fixed assets | 22/27 | €7,124 | €5,233 | -€1,891 | -26.5% |
| Plant, machinery and equipment | 23 | €1,186 | €3,495 | +€2,309 | +194.7% |
| Furniture and vehicles | 24 | €5,938 | €1,738 | -€4,200 | -70.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €25,535 | €26,728 | +€1,193 | +4.7% |
| Stocks and contracts in progress | 3 | €1,411 | €1,567 | +€156 | +11.0% |
| Stocks | 30/36 | €1,411 | €1,567 | +€156 | +11.0% |
| Amounts receivable within one year | 40/41 | €9,176 | €672 | -€8,504 | -92.7% |
| Trade receivables | 40 | €7,104 | €366 | -€6,738 | -94.9% |
| Other amounts receivable | 41 | €2,072 | €306 | -€1,765 | -85.2% |
| Cash at bank and in hand | 54/58 | €14,947 | €24,489 | +€9,541 | +63.8% |
| Total equity and liabilities | 10/49 | €32,758 | €32,061 | -€697 | -2.1% |
| Equity | 10/15 | €26,719 | €27,392 | +€673 | +2.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €40,428 | €41,246 | +€818 | +2.0% |
| Distributable reserves | 133 | €40,428 | €41,246 | +€818 | +2.0% |
| Profit (loss) carried forward | 14 | -€19,906 | -€20,051 | -€144 | -0.7% |
| Amounts payable | 17/49 | €6,040 | €4,669 | -€1,371 | -22.7% |
| Amounts payable after more than one year | 17 | €1,529 | - | -€1,529 | |
| Financial debts | 170/4 | €1,529 | - | -€1,529 | |
| Amounts payable within one year | 42/48 | €4,511 | €4,669 | +€158 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €4,508 | - | -€4,508 | |
| Financial debts | 43 | - | €1,909 | +€1,909 | |
| Credit institutions | 430/8 | - | €1,909 | +€1,909 | |
| Trade debts | 44 | - | €100 | +€100 | |
| Suppliers | 440/4 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | - | €2,629 | +€2,629 | |
| Taxes | 450/3 | - | €928 | +€928 | |
| Remuneration and social security | 454/9 | - | €1,701 | +€1,701 | |
| Other amounts payable | 47/48 | €2 | €32 | +€29 | +1219.7% |
| Turnover | 70 | €120,574 | €121,298 | +€724 | +0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €115,489 | €114,705 | -€784 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,670 | €4,561 | -€110 | -2.3% |
| Other operating charges | 640/8 | €194 | €575 | +€381 | +196.8% |
| Gross operating margin | 9900 | €5,085 | €6,593 | +€1,508 | +29.6% |
| Operating profit (loss) | 9901 | €221 | €1,457 | +€1,236 | +558.0% |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.9% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.9% |
| Financial charges | 65/66B | €431 | €284 | -€148 | -34.2% |
| Recurring financial charges | 65 | €431 | €284 | -€148 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€182 | €1,173 | +€1,356 | |
| Income taxes | 67/77 | -€1,000 | €500 | +€1,500 | |
| Profit (loss) for the period | 9904 | €818 | €673 | -€144 | -17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €818 | €673 | -€144 | -17.6% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.