CALVET: 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.
What changed
CALVET
NACE 28.410, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €704,000+€561,950
Equity
€5.1m
2024 · €3.9m+€1.3m
Cash
€3.7m
2024 · €2.4m+€1.4m
Balance sheet total
€16.8m
2024 · €20.5m-€3.7m
Largest movements
Assets
- Receivables within one year -€5.7m
down €5.7m (-40.6%), from €14.0m to €8.3m
of which Trade receivables: -€5.7m
- Cash +€1.4m
up €1.4m (+58.0%), from €2.4m to €3.7m
mainly Receivables within one year (+€5.7m) and Net result for the year (+€1.3m)
- Stocks and contracts +€227,878
up €227,878 (+7.0%), from €3.3m to €3.5m
- Intangible fixed assets +€207,149
up €207,149 (+127%), from €163,467 to €370,616
Equity and liabilities
- Advances received -€4.2m
down €4.2m (-36.3%), from €11.6m to €7.4m
- Profit (loss) carried forward +€1.3m
up €1.3m (+40.4%), from €3.2m to €4.5m
- Trade debts -€394,702
down €394,702 (-12.0%), from €3.3m to €2.9m
- Tax, wage and social debts -€336,935
down €336,935 (-42.4%), from €794,381 to €457,446
of which Taxes: -€421,897
Income statement
- Turnover +€17.7m
up €17.7m (+66.5%), from €26.6m to €44.3m
- Goods and materials +€16.1m
up €16.1m (+86.0%), from €18.8m to €34.9m
of which Purchases: +€15.8m
- Services and other goods +€763,809
up €763,809 (+17.3%), from €4.4m to €5.2m
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.
Result 2024
€704,000
Turnover
+€17.7m
Other operating income
-€185,575
Goods and materials
-€16.1m
Services and other goods
-€763,809
Staff costs
-€101,604
Depreciation
-€38,317
Write-downs
+€416,029
Provisions
-€209,254
Other operating charges
+€8,630
Other operating items
-€11,499
Financial income
+€66,300
Financial charges
+€6,804
Taxes
-€187,640
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.0m
Investment
-€652,818
Financing
-€2,149
Cash 2024
€2.4m
From operations (derived)
+€2.0m
Net result for the year
+€1.3m
Depreciation
+€329,700
Stocks and contracts
-€227,878
Receivables within one year
+€5.7m
Deferred charges and accrued income
-€65,414
Provisions
+€184,167
Trade debts
-€394,702
Tax, wage and social debts
-€336,935
Advances received
-€4.2m
Other debts
-€4,770
Accrued charges and deferred income
-€175,417
Investment (derived)
-€652,818
Investment in fixed assets (net)
-€652,818
Financing
-€2,149
Current portion of long-term debt
-€2,149
Cash 2025
€3.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,463,329 | €16,770,867 | -€3.7m | -18.0% |
| Fixed assets | 21/28 | €871,566 | €1,194,684 | +€323,118 | +37.1% |
| Intangible fixed assets | 21 | €163,467 | €370,616 | +€207,149 | +127% |
| Tangible fixed assets | 22/27 | €635,761 | €748,300 | +€112,539 | +17.7% |
| Plant, machinery and equipment | 23 | €212,847 | €153,141 | -€59,706 | -28.1% |
| Furniture and vehicles | 24 | €422,914 | €595,159 | +€172,245 | +40.7% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €72,337 | €75,767 | +€3,430 | +4.7% |
| Other financial fixed assets | 284/8 | €72,337 | €75,767 | +€3,430 | +4.7% |
| Amounts receivable and cash guarantees | 285/8 | €72,337 | €75,767 | +€3,430 | +4.7% |
| Current assets | 29/58 | €19,591,763 | €15,576,183 | -€4.0m | -20.5% |
| Stocks and contracts in progress | 3 | €3,260,431 | €3,488,309 | +€227,878 | +7.0% |
| Stocks | 30/36 | €3,260,431 | €3,488,309 | +€227,878 | +7.0% |
| Goods purchased for resale | 34 | €3,260,431 | €3,488,309 | +€227,878 | +7.0% |
| Amounts receivable within one year | 40/41 | €13,969,430 | €8,294,897 | -€5.7m | -40.6% |
| Trade receivables | 40 | €13,930,361 | €8,203,520 | -€5.7m | -41.1% |
| Other amounts receivable | 41 | €39,069 | €91,377 | +€52,308 | +134% |
| Cash at bank and in hand | 54/58 | €2,356,035 | €3,721,696 | +€1.4m | +58.0% |
| Deferred charges and accrued income | 490/1 | €5,867 | €71,281 | +€65,414 | +1,115% |
| Total equity and liabilities | 10/49 | €20,463,329 | €16,770,867 | -€3.7m | -18.0% |
| Equity | 10/15 | €3,879,518 | €5,145,468 | +€1.3m | +32.6% |
| Contributions | 10/11 | €119,568 | €119,568 | = | 0.0% |
| Capital | 10 | €119,568 | €119,568 | = | 0.0% |
| Issued capital | 100 | €119,568 | €119,568 | = | 0.0% |
| Reserves | 13 | €558,409 | €530,102 | -€28,307 | -5.1% |
| Non-distributable reserves | 130/1 | €11,957 | €11,957 | = | 0.0% |
| Legal reserve | 130 | €11,957 | €11,957 | = | 0.0% |
| Tax-exempt reserves | 132 | €213,485 | €185,178 | -€28,307 | -13.3% |
| Distributable reserves | 133 | €332,967 | €332,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,201,541 | €4,495,798 | +€1.3m | +40.4% |
| Provisions and deferred taxes | 16 | €566,035 | €750,202 | +€184,167 | +32.5% |
| Provisions for liabilities and charges | 160/5 | €566,035 | €750,202 | +€184,167 | +32.5% |
| Environmental obligations | 163 | €251,285 | €435,452 | +€184,167 | +73.3% |
| Other liabilities and charges | 164/5 | €314,750 | €314,750 | = | 0.0% |
| Amounts payable | 17/49 | €16,017,776 | €10,875,197 | -€5.1m | -32.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,727,439 | €10,760,277 | -€5.0m | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €2,149 | €0 | -€2,149 | -100% |
| Trade debts | 44 | €3,280,867 | €2,886,165 | -€394,702 | -12.0% |
| Suppliers | 440/4 | €3,280,867 | €2,886,165 | -€394,702 | -12.0% |
| Advances received on contracts in progress | 46 | €11,643,002 | €7,414,397 | -€4.2m | -36.3% |
| Taxes, remuneration and social security | 45 | €794,381 | €457,446 | -€336,935 | -42.4% |
| Taxes | 450/3 | €571,797 | €149,900 | -€421,897 | -73.8% |
| Remuneration and social security | 454/9 | €222,585 | €307,546 | +€84,962 | +38.2% |
| Other amounts payable | 47/48 | €7,039 | €2,268 | -€4,770 | -67.8% |
| Accrued charges and deferred income | 492/3 | €290,338 | €114,920 | -€175,417 | -60.4% |
| Operating income | 70/76A | €26,913,926 | €44,441,793 | +€17.5m | +65.1% |
| Turnover | 70 | €26,616,770 | €44,319,145 | +€17.7m | +66.5% |
| Other operating income | 74 | €267,325 | €81,750 | -€185,575 | -69.4% |
| Non-recurring operating income | 76A | €29,831 | €40,899 | +€11,068 | +37.1% |
| Operating charges | 60/66A | €26,037,621 | €42,889,003 | +€16.9m | +64.7% |
| Goods for resale, raw materials and consumables | 60 | €18,766,595 | €34,907,086 | +€16.1m | +86.0% |
| Purchases | 600/8 | €19,146,842 | €34,968,318 | +€15.8m | +82.6% |
| Change in stocks: decrease (increase) | 609 | -€380,246 | -€61,232 | +€319,014 | +83.9% |
| Services and other goods | 61 | €4,411,273 | €5,175,082 | +€763,809 | +17.3% |
| Remuneration, social security and pensions | 62 | €2,193,451 | €2,295,055 | +€101,604 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291,383 | €329,700 | +€38,317 | +13.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €376,370 | -€39,660 | -€416,029 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€25,087 | €184,167 | +€209,254 | |
| Other operating charges | 640/8 | €23,636 | €15,007 | -€8,630 | -36.5% |
| Non-recurring operating charges | 66A | €0 | €22,567 | +€22,567 | |
| Operating profit (loss) | 9901 | €876,305 | €1,552,790 | +€676,486 | +77.2% |
| Financial income | 75/76B | €118,589 | €184,889 | +€66,300 | +55.9% |
| Recurring financial income | 75 | €118,589 | €184,889 | +€66,300 | +55.9% |
| Income from current assets | 751 | €16,862 | €19,030 | +€2,167 | +12.9% |
| Other financial income | 752/9 | €101,726 | €165,859 | +€64,133 | +63.0% |
| Financial charges | 65/66B | €22,213 | €15,409 | -€6,804 | -30.6% |
| Recurring financial charges | 65 | €22,213 | €15,409 | -€6,804 | -30.6% |
| Debt charges | 650 | €1,748 | €3 | -€1,745 | -99.8% |
| Other financial charges | 652/9 | €20,465 | €15,406 | -€5,059 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €972,681 | €1,722,270 | +€749,589 | +77.1% |
| Income taxes | 67/77 | €268,680 | €456,320 | +€187,640 | +69.8% |
| Taxes | 670/3 | €268,680 | €456,320 | +€187,640 | +69.8% |
| Profit (loss) for the period | 9904 | €704,000 | €1,265,950 | +€561,950 | +79.8% |
| Transfer from tax-exempt reserves | 789 | €28,307 | €28,307 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €732,307 | €1,294,257 | +€561,950 | +76.7% |
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 14 October 2026 via checked.be.