CALVIMMO: 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.
CALVIMMO
Largest movements
- Receivables within one year -€33,550
down €33,550 (-65.0%), from €51,647 to €18,096
of which Other amounts receivable: -€21,150
- Deferred charges and accrued income +€20,829
up €20,829 (+364.8%), from €5,710 to €26,539
- Cash -€19,291
down €19,291 (-82.0%), from €23,520 to €4,230
mainly Tax, wage and social debts (-€36,870) and Deferred charges and accrued income (-€20,829)
- Tangible fixed assets -€13,716
down €13,716 (-5.8%), from €237,883 to €224,167
of which Furniture and vehicles: -€7,654
- Tax, wage and social debts -€36,870
down €36,870 (-86.3%), from €42,705 to €5,835
of which Taxes: -€39,415
- Other debts -€19,492
down €19,492 (-96.1%), from €20,288 to €797
- Trade debts +€12,721
up €12,721 (+33.8%), from €37,675 to €50,396
- Gross operating margin +€66,025
up €66,025 (+441.9%), from €14,941 to €80,966
- Taxes -€6,431
no longer reported in 2025 (was €6,431)
- Staff costs +€3,609
up €3,609 (+7.9%), from €45,645 to €49,254
- Financial charges -€2,209
down €2,209 (-32.0%), from €6,908 to €4,699
- Depreciation -€2,105
down €2,105 (-13.3%), from €15,821 to €13,716
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 | €686,396 | €640,631 | -€45,765 | -6.7% |
| Fixed assets | 21/28 | €237,883 | €224,167 | -€13,716 | -5.8% |
| Tangible fixed assets | 22/27 | €237,883 | €224,167 | -€13,716 | -5.8% |
| Land and buildings | 22 | €210,479 | €205,693 | -€4,786 | -2.3% |
| Plant, machinery and equipment | 23 | €2,455 | €1,179 | -€1,276 | -52.0% |
| Furniture and vehicles | 24 | €24,949 | €17,295 | -€7,654 | -30.7% |
| Current assets | 29/58 | €448,513 | €416,464 | -€32,049 | -7.1% |
| Stocks and contracts in progress | 3 | €367,599 | €367,599 | = | 0.0% |
| Stocks | 30/36 | €367,599 | €367,599 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,647 | €18,096 | -€33,550 | -65.0% |
| Trade receivables | 40 | €26,665 | €14,264 | -€12,401 | -46.5% |
| Other amounts receivable | 41 | €24,982 | €3,832 | -€21,150 | -84.7% |
| Current investments | 50/53 | €37 | - | -€37 | |
| Cash at bank and in hand | 54/58 | €23,520 | €4,230 | -€19,291 | -82.0% |
| Deferred charges and accrued income | 490/1 | €5,710 | €26,539 | +€20,829 | +364.8% |
| Total equity and liabilities | 10/49 | €686,396 | €640,631 | -€45,765 | -6.7% |
| Equity | 10/15 | €82,890 | €83,265 | +€375 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €75,200 | €75,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €69,000 | €69,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,310 | -€53,935 | +€375 | +0.7% |
| Amounts payable | 17/49 | €603,506 | €557,366 | -€46,140 | -7.6% |
| Amounts payable after more than one year | 17 | €472,462 | €466,613 | -€5,849 | -1.2% |
| Financial debts | 170/4 | €472,462 | €466,613 | -€5,849 | -1.2% |
| Amounts payable within one year | 42/48 | €130,801 | €88,671 | -€42,129 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €30,132 | €30,799 | +€667 | +2.2% |
| Financial debts | 43 | - | €87 | +€87 | |
| Credit institutions | 430/8 | - | €87 | +€87 | |
| Trade debts | 44 | €37,675 | €50,396 | +€12,721 | +33.8% |
| Suppliers | 440/4 | €37,675 | €50,396 | +€12,721 | +33.8% |
| Advances received on contracts in progress | 46 | - | €758 | +€758 | |
| Taxes, remuneration and social security | 45 | €42,705 | €5,835 | -€36,870 | -86.3% |
| Taxes | 450/3 | €39,415 | - | -€39,415 | |
| Remuneration and social security | 454/9 | €3,290 | €5,835 | +€2,545 | +77.4% |
| Other amounts payable | 47/48 | €20,288 | €797 | -€19,492 | -96.1% |
| Accrued charges and deferred income | 492/3 | €244 | €2,082 | +€1,838 | +754.1% |
| Remuneration, social security and pensions | 62 | €45,645 | €49,254 | +€3,609 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,821 | €13,716 | -€2,105 | -13.3% |
| Other operating charges | 640/8 | €13,744 | €12,922 | -€822 | -6.0% |
| Gross operating margin | 9900 | €14,941 | €80,966 | +€66,025 | +441.9% |
| Operating profit (loss) | 9901 | -€60,269 | €5,074 | +€65,343 | |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Financial charges | 65/66B | €6,908 | €4,699 | -€2,209 | -32.0% |
| Recurring financial charges | 65 | €6,908 | €4,699 | -€2,209 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€67,134 | €375 | +€67,508 | |
| Income taxes | 67/77 | €6,431 | - | -€6,431 | |
| Profit (loss) for the period | 9904 | -€73,564 | €375 | +€73,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,564 | €375 | +€73,939 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.