CALVIN: 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.
CALVIN
Largest movements
- Cash +€8,995
up €8,995 (+30.7%), from €29,328 to €38,323
mainly Depreciation (+€6,324) and Net result for the year (+€3,573)
- Tangible fixed assets -€6,324
down €6,324 (-8.4%), from €75,491 to €69,167
- Profit (loss) carried forward +€3,573
up €3,573 (+12.6%), from €28,337 to €31,910
- Other debts -€1,782
no longer reported in 2025 (was €1,782)
- Gross operating margin +€3,918
up €3,918 (+40.7%), from €9,620 to €13,538
- Taxes +€1,191
new in 2025: €1,191
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 | €105,588 | €108,450 | +€2,862 | +2.7% |
| Fixed assets | 21/28 | €75,491 | €69,167 | -€6,324 | -8.4% |
| Tangible fixed assets | 22/27 | €75,491 | €69,167 | -€6,324 | -8.4% |
| Land and buildings | 22 | €75,491 | €69,167 | -€6,324 | -8.4% |
| Current assets | 29/58 | €30,097 | €39,282 | +€9,186 | +30.5% |
| Amounts receivable within one year | 40/41 | €769 | €960 | +€191 | +24.8% |
| Other amounts receivable | 41 | €769 | €960 | +€191 | +24.8% |
| Cash at bank and in hand | 54/58 | €29,328 | €38,323 | +€8,995 | +30.7% |
| Total equity and liabilities | 10/49 | €105,588 | €108,450 | +€2,862 | +2.7% |
| Equity | 10/15 | €103,325 | €106,898 | +€3,573 | +3.5% |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Capital | 10 | - | €68,171 | +€68,171 | |
| Issued capital | 100 | - | €68,171 | +€68,171 | |
| Reserves | 13 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,337 | €31,910 | +€3,573 | +12.6% |
| Amounts payable | 17/49 | €2,263 | €1,552 | -€711 | -31.4% |
| Amounts payable within one year | 42/48 | €2,263 | €1,552 | -€711 | -31.4% |
| Taxes, remuneration and social security | 45 | €481 | €1,552 | +€1,071 | +222.6% |
| Taxes | 450/3 | €481 | €1,552 | +€1,071 | +222.6% |
| Other amounts payable | 47/48 | €1,782 | - | -€1,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,321 | €6,324 | +€3 | 0.0% |
| Other operating charges | 640/8 | €2,336 | €2,450 | +€114 | +4.9% |
| Gross operating margin | 9900 | €9,620 | €13,538 | +€3,918 | +40.7% |
| Operating profit (loss) | 9901 | €962 | €4,764 | +€3,802 | +395.0% |
| Profit (loss) for the period before taxes | 9903 | €962 | €4,764 | +€3,802 | +395.0% |
| Income taxes | 67/77 | - | €1,191 | +€1,191 | |
| Profit (loss) for the period | 9904 | €962 | €3,573 | +€2,611 | +271.2% |
| Profit (loss) for the period to be appropriated | 9905 | €962 | €3,573 | +€2,611 | +271.2% |
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.