CALYOS: 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.
CALYOS
Largest movements
- Cash -€1.5m
down €1.5m (-50.0%), from €2.9m to €1.5m
mainly Investment in fixed assets (net) (-€1.2m) and Receivables within one year (-€680,801)
- Receivables within one year +€680,801
up €680,801 (+101.2%), from €672,574 to €1.4m
of which Trade receivables: +€382,233
- Tangible fixed assets -€114,429
down €114,429 (-19.6%), from €583,519 to €469,090
of which Plant, machinery and equipment: -€113,805
- Deferred charges and accrued income +€63,203
up €63,203 (+120.4%), from €52,496 to €115,698
- Profit (loss) carried forward -€514,257
down €514,257 (-43.4%), from -€1.2m to -€1.7m
- Current portion of long-term debt -€192,287
down €192,287 (-84.7%), from €227,009 to €34,722
- Advances received -€72,368
down €72,368 (-27.0%), from €267,618 to €195,250
- Gross operating margin +€763,037
up €763,037 (+54.3%), from €1.4m to €2.2m
- Staff costs +€228,901
up €228,901 (+20.4%), from €1.1m to €1.4m
- Depreciation +€205,737
up €205,737 (+19.2%), from €1.1m to €1.3m
- Other operating charges -€34,286
down €34,286 (-80.4%), from €42,625 to €8,340
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 | €5,297,212 | €4,432,967 | -€864,246 | -16.3% |
| Fixed assets | 21/28 | €851,493 | €726,709 | -€124,784 | -14.7% |
| Intangible fixed assets | 21 | €248,436 | €237,978 | -€10,458 | -4.2% |
| Tangible fixed assets | 22/27 | €583,519 | €469,090 | -€114,429 | -19.6% |
| Plant, machinery and equipment | 23 | €482,483 | €368,678 | -€113,805 | -23.6% |
| Furniture and vehicles | 24 | €364 | €7,802 | +€7,439 | +2044.7% |
| Other tangible fixed assets | 26 | €100,672 | €92,610 | -€8,063 | -8.0% |
| Financial fixed assets | 28 | €19,538 | €19,641 | +€103 | +0.5% |
| Current assets | 29/58 | €4,445,719 | €3,706,258 | -€739,461 | -16.6% |
| Amounts receivable after more than one year | 29 | €230,534 | €203,466 | -€27,068 | -11.7% |
| Other amounts receivable | 291 | €230,534 | €203,466 | -€27,068 | -11.7% |
| Stocks and contracts in progress | 3 | €588,325 | €582,781 | -€5,544 | -0.9% |
| Stocks | 30/36 | €588,325 | €582,781 | -€5,544 | -0.9% |
| Amounts receivable within one year | 40/41 | €672,574 | €1,353,375 | +€680,801 | +101.2% |
| Trade receivables | 40 | €183,336 | €565,569 | +€382,233 | +208.5% |
| Other amounts receivable | 41 | €489,238 | €787,806 | +€298,568 | +61.0% |
| Cash at bank and in hand | 54/58 | €2,901,790 | €1,450,937 | -€1.5m | -50.0% |
| Deferred charges and accrued income | 490/1 | €52,496 | €115,698 | +€63,203 | +120.4% |
| Total equity and liabilities | 10/49 | €5,297,212 | €4,432,967 | -€864,246 | -16.3% |
| Equity | 10/15 | €4,152,445 | €3,590,324 | -€562,121 | -13.5% |
| Contributions | 10/11 | €5,255,283 | €5,255,283 | = | 0.0% |
| Capital | 10 | €5,255,283 | €5,255,283 | = | 0.0% |
| Issued capital | 100 | €5,255,283 | €5,255,283 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,186,146 | -€1,700,404 | -€514,257 | -43.4% |
| Investment grants | 15 | €83,308 | €35,444 | -€47,864 | -57.5% |
| Amounts payable | 17/49 | €1,144,768 | €842,643 | -€302,124 | -26.4% |
| Amounts payable after more than one year | 17 | €106,018 | €72,564 | -€33,454 | -31.6% |
| Financial debts | 170/4 | €62,500 | €34,722 | -€27,778 | -44.4% |
| Other amounts payable | 178/9 | €43,518 | €37,842 | -€5,676 | -13.0% |
| Amounts payable within one year | 42/48 | €970,898 | €739,866 | -€231,032 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €227,009 | €34,722 | -€192,287 | -84.7% |
| Trade debts | 44 | €181,114 | €150,739 | -€30,374 | -16.8% |
| Suppliers | 440/4 | €181,114 | €150,739 | -€30,374 | -16.8% |
| Advances received on contracts in progress | 46 | €267,618 | €195,250 | -€72,368 | -27.0% |
| Taxes, remuneration and social security | 45 | €151,793 | €166,815 | +€15,021 | +9.9% |
| Taxes | 450/3 | €3,796 | €1,780 | -€2,016 | -53.1% |
| Remuneration and social security | 454/9 | €147,997 | €165,034 | +€17,038 | +11.5% |
| Other amounts payable | 47/48 | €143,365 | €192,340 | +€48,975 | +34.2% |
| Accrued charges and deferred income | 492/3 | €67,851 | €30,213 | -€37,638 | -55.5% |
| Non-recurring operating income | 76A | €35,316 | €1,848 | -€33,468 | -94.8% |
| Remuneration, social security and pensions | 62 | €1,123,512 | €1,352,413 | +€228,901 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,072,006 | €1,277,744 | +€205,737 | +19.2% |
| Other operating charges | 640/8 | €42,625 | €8,340 | -€34,286 | -80.4% |
| Non-recurring operating charges | 66A | €110,092 | €38,605 | -€71,487 | -64.9% |
| Gross operating margin | 9900 | €1,406,468 | €2,169,505 | +€763,037 | +54.3% |
| Operating profit (loss) | 9901 | -€941,768 | -€507,597 | +€434,171 | +46.1% |
| Financial income | 75/76B | €768 | €22,210 | +€21,442 | +2793.2% |
| Recurring financial income | 75 | €768 | €22,210 | +€21,442 | +2793.2% |
| Financial charges | 65/66B | €23,620 | €21,376 | -€2,245 | -9.5% |
| Recurring financial charges | 65 | €23,620 | €21,376 | -€2,245 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€964,620 | -€506,763 | +€457,858 | +47.5% |
| Income taxes | 67/77 | €1,252 | €7,494 | +€6,243 | +498.8% |
| Profit (loss) for the period | 9904 | -€965,872 | -€514,257 | +€451,615 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€965,872 | -€514,257 | +€451,615 | +46.8% |
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 11 October 2026 via checked.be.