CALVENZI: 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.
CALVENZI
Largest movements
- Cash +€13,306
new in 2025: €13,306
mainly Depreciation (+€10,685) and Tax, wage and social debts (+€8,022)
- Deferred charges and accrued income -€2,582
down €2,582 (-93.5%), from €2,762 to €180
- Receivables within one year -€1,950
down €1,950 (-64.6%), from €3,020 to €1,070
- Trade debts -€15,697
down €15,697 (-82.3%), from €19,076 to €3,379
- Tax, wage and social debts +€8,022
up €8,022 (+123%), from €6,518 to €14,540
of which Taxes: +€5,927
- Profit (loss) carried forward +€6,954
up €6,954 (+10.1%), from -€68,813 to -€61,859
- Other debts +€6,535
up €6,535 (+5.8%), from €112,003 to €118,538
- Advances received +€3,770
new in 2025: €3,770
- Gross operating margin -€10,183
down €10,183 (-14.0%), from €72,964 to €62,781
- Depreciation -€3,153
down €3,153 (-22.8%), from €13,837 to €10,685
- Staff costs -€1,833
down €1,833 (-4.0%), from €45,378 to €43,545
- Financial charges -€1,209
down €1,209 (-44.2%), from €2,739 to €1,530
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 | €158,784 | €168,368 | +€9,584 | +6.0% |
| Fixed assets | 21/28 | €47,322 | €47,229 | -€93 | -0.2% |
| Intangible fixed assets | 21 | €23,003 | €24,110 | +€1,107 | +4.8% |
| Tangible fixed assets | 22/27 | €17,149 | €15,949 | -€1,199 | -7.0% |
| Plant, machinery and equipment | 23 | €4,241 | €4,690 | +€449 | +10.6% |
| Furniture and vehicles | 24 | €5,271 | €3,865 | -€1,406 | -26.7% |
| Other tangible fixed assets | 26 | €7,636 | €7,394 | -€242 | -3.2% |
| Financial fixed assets | 28 | €7,170 | €7,170 | = | 0.0% |
| Current assets | 29/58 | €111,462 | €121,139 | +€9,677 | +8.7% |
| Stocks and contracts in progress | 3 | €105,680 | €106,583 | +€903 | +0.9% |
| Stocks | 30/36 | €105,680 | €106,583 | +€903 | +0.9% |
| Amounts receivable within one year | 40/41 | €3,020 | €1,070 | -€1,950 | -64.6% |
| Other amounts receivable | 41 | €3,020 | €1,070 | -€1,950 | -64.6% |
| Cash at bank and in hand | 54/58 | - | €13,306 | +€13,306 | |
| Deferred charges and accrued income | 490/1 | €2,762 | €180 | -€2,582 | -93.5% |
| Total equity and liabilities | 10/49 | €158,784 | €168,368 | +€9,584 | +6.0% |
| Equity | 10/15 | €21,187 | €28,141 | +€6,954 | +32.8% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,813 | -€61,859 | +€6,954 | +10.1% |
| Amounts payable | 17/49 | €137,597 | €140,227 | +€2,630 | +1.9% |
| Amounts payable within one year | 42/48 | €137,597 | €140,227 | +€2,630 | +1.9% |
| Trade debts | 44 | €19,076 | €3,379 | -€15,697 | -82.3% |
| Suppliers | 440/4 | €19,076 | €3,379 | -€15,697 | -82.3% |
| Advances received on contracts in progress | 46 | - | €3,770 | +€3,770 | |
| Taxes, remuneration and social security | 45 | €6,518 | €14,540 | +€8,022 | +123% |
| Taxes | 450/3 | €6,518 | €12,445 | +€5,927 | +90.9% |
| Remuneration and social security | 454/9 | - | €2,095 | +€2,095 | |
| Other amounts payable | 47/48 | €112,003 | €118,538 | +€6,535 | +5.8% |
| Remuneration, social security and pensions | 62 | €45,378 | €43,545 | -€1,833 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,837 | €10,685 | -€3,153 | -22.8% |
| Other operating charges | 640/8 | €387 | €453 | +€66 | +17.0% |
| Gross operating margin | 9900 | €72,964 | €62,781 | -€10,183 | -14.0% |
| Operating profit (loss) | 9901 | €13,362 | €8,098 | -€5,264 | -39.4% |
| Financial income | 75/76B | €377 | €386 | +€9 | +2.3% |
| Recurring financial income | 75 | €377 | €386 | +€9 | +2.3% |
| Financial charges | 65/66B | €2,739 | €1,530 | -€1,209 | -44.2% |
| Recurring financial charges | 65 | €2,739 | €1,530 | -€1,209 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €11,000 | €6,954 | -€4,046 | -36.8% |
| Profit (loss) for the period | 9904 | €11,000 | €6,954 | -€4,046 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,000 | €6,954 | -€4,046 | -36.8% |
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 19 October 2026 via checked.be.