CALVY MANAGEMENT: 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.
CALVY MANAGEMENT
Largest movements
- Tangible fixed assets -€9,151
down €9,151 (-67.6%), from €13,528 to €4,376
- Cash -€7,104
down €7,104 (-10.3%), from €69,150 to €62,046
mainly Other debts (-€59,306) and Current portion of long-term debt (-€2,748)
- Other debts -€59,306
down €59,306 (-82.6%), from €71,808 to €12,502
- Profit (loss) carried forward +€37,892
up €37,892 (+323%), from €11,718 to €49,610
- Tax, wage and social debts +€8,177
up €8,177 (+40.8%), from €20,062 to €28,239
- Current portion of long-term debt -€2,748
no longer reported in 2025 (was €2,748)
- Gross operating margin +€19,265
up €19,265 (+40.1%), from €48,028 to €67,293
- Taxes +€8,489
up €8,489 (+81.3%), from €10,438 to €18,927
- Depreciation -€3,650
down €3,650 (-28.5%), from €12,801 to €9,151
- Other operating charges +€717
up €717 (+162%), from €442 to €1,159
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 | €108,921 | €93,616 | -€15,305 | -14.1% |
| Fixed assets | 21/28 | €14,528 | €5,376 | -€9,151 | -63.0% |
| Tangible fixed assets | 22/27 | €13,528 | €4,376 | -€9,151 | -67.6% |
| Furniture and vehicles | 24 | €13,528 | €4,376 | -€9,151 | -67.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €94,393 | €88,240 | -€6,154 | -6.5% |
| Amounts receivable within one year | 40/41 | €22,993 | €23,913 | +€920 | +4.0% |
| Trade receivables | 40 | €22,993 | €23,913 | +€920 | +4.0% |
| Cash at bank and in hand | 54/58 | €69,150 | €62,046 | -€7,104 | -10.3% |
| Deferred charges and accrued income | 490/1 | €2,251 | €2,280 | +€29 | +1.3% |
| Total equity and liabilities | 10/49 | €108,921 | €93,616 | -€15,305 | -14.1% |
| Equity | 10/15 | €11,728 | €49,620 | +€37,892 | +323% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,718 | €49,610 | +€37,892 | +323% |
| Amounts payable | 17/49 | €97,193 | €43,996 | -€53,197 | -54.7% |
| Amounts payable within one year | 42/48 | €97,193 | €43,996 | -€53,197 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €2,748 | - | -€2,748 | |
| Trade debts | 44 | €2,576 | €3,255 | +€680 | +26.4% |
| Suppliers | 440/4 | €2,576 | €3,255 | +€680 | +26.4% |
| Taxes, remuneration and social security | 45 | €20,062 | €28,239 | +€8,177 | +40.8% |
| Taxes | 450/3 | €20,062 | €28,239 | +€8,177 | +40.8% |
| Other amounts payable | 47/48 | €71,808 | €12,502 | -€59,306 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,801 | €9,151 | -€3,650 | -28.5% |
| Other operating charges | 640/8 | €442 | €1,159 | +€717 | +162% |
| Gross operating margin | 9900 | €48,028 | €67,293 | +€19,265 | +40.1% |
| Operating profit (loss) | 9901 | €34,785 | €56,983 | +€22,198 | +63.8% |
| Financial charges | 65/66B | €246 | €163 | -€83 | -33.7% |
| Recurring financial charges | 65 | €246 | €163 | -€83 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €34,538 | €56,819 | +€22,281 | +64.5% |
| Income taxes | 67/77 | €10,438 | €18,927 | +€8,489 | +81.3% |
| Profit (loss) for the period | 9904 | €24,100 | €37,892 | +€13,792 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,100 | €37,892 | +€13,792 | +57.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.