CALYPSO: 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.
CALYPSO
Largest movements
- Cash -€16,340
down €16,340 (-28.7%), from €56,895 to €40,555
mainly Investment in fixed assets (net) (-€32,734) and Debts after one year (-€13,393)
- Receivables within one year +€12,965
up €12,965 (+62.2%), from €20,852 to €33,817
of which Trade receivables: +€11,504
- Tangible fixed assets +€8,526
up €8,526 (+3.5%), from €246,812 to €255,338
of which Land and buildings: +€15,377
- Reserves +€20,440
up €20,440 (+8.4%), from €243,181 to €263,621
- Debts after one year -€13,393
down €13,393 (-26.0%), from €51,562 to €38,170
- Trade debts -€5,526
down €5,526 (-16.9%), from €32,651 to €27,126
- Other debts +€5,077
up €5,077 (+7.1%), from €71,821 to €76,898
- Gross operating margin +€11,648
up €11,648 (+21.5%), from €54,054 to €65,702
- Depreciation +€7,961
up €7,961 (+44.6%), from €17,841 to €25,802
- Taxes +€1,336
up €1,336 (+21.5%), from €6,203 to €7,539
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 | €447,732 | €452,001 | +€4,269 | +1.0% |
| Fixed assets | 21/28 | €258,510 | €265,442 | +€6,932 | +2.7% |
| Intangible fixed assets | 21 | €1,419 | €825 | -€594 | -41.9% |
| Tangible fixed assets | 22/27 | €246,812 | €255,338 | +€8,526 | +3.5% |
| Land and buildings | 22 | €176,068 | €191,445 | +€15,377 | +8.7% |
| Plant, machinery and equipment | 23 | €5,760 | €6,933 | +€1,173 | +20.4% |
| Furniture and vehicles | 24 | €64,984 | €56,960 | -€8,024 | -12.3% |
| Financial fixed assets | 28 | €10,279 | €9,279 | -€1,000 | -9.7% |
| Current assets | 29/58 | €189,222 | €186,559 | -€2,663 | -1.4% |
| Stocks and contracts in progress | 3 | €105,975 | €106,945 | +€970 | +0.9% |
| Stocks | 30/36 | €105,975 | €106,945 | +€970 | +0.9% |
| Amounts receivable within one year | 40/41 | €20,852 | €33,817 | +€12,965 | +62.2% |
| Trade receivables | 40 | €17,055 | €28,558 | +€11,504 | +67.5% |
| Other amounts receivable | 41 | €3,797 | €5,259 | +€1,461 | +38.5% |
| Cash at bank and in hand | 54/58 | €56,895 | €40,555 | -€16,340 | -28.7% |
| Deferred charges and accrued income | 490/1 | €5,500 | €5,241 | -€259 | -4.7% |
| Total equity and liabilities | 10/49 | €447,732 | €452,001 | +€4,269 | +1.0% |
| Equity | 10/15 | €261,781 | €282,221 | +€20,440 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,181 | €263,621 | +€20,440 | +8.4% |
| Distributable reserves | 133 | €243,181 | €263,621 | +€20,440 | +8.4% |
| Amounts payable | 17/49 | €185,951 | €169,780 | -€16,171 | -8.7% |
| Amounts payable after more than one year | 17 | €51,562 | €38,170 | -€13,393 | -26.0% |
| Financial debts | 170/4 | €51,562 | €38,170 | -€13,393 | -26.0% |
| Amounts payable within one year | 42/48 | €130,389 | €127,610 | -€2,778 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €13,393 | €13,393 | = | 0.0% |
| Trade debts | 44 | €32,651 | €27,126 | -€5,526 | -16.9% |
| Suppliers | 440/4 | €32,651 | €27,126 | -€5,526 | -16.9% |
| Taxes, remuneration and social security | 45 | €12,523 | €10,194 | -€2,329 | -18.6% |
| Taxes | 450/3 | €12,523 | €10,194 | -€2,329 | -18.6% |
| Other amounts payable | 47/48 | €71,821 | €76,898 | +€5,077 | +7.1% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | €23,500 | €0 | -€23,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,841 | €25,802 | +€7,961 | +44.6% |
| Other operating charges | 640/8 | €3,637 | €4,276 | +€638 | +17.5% |
| Gross operating margin | 9900 | €54,054 | €65,702 | +€11,648 | +21.5% |
| Operating profit (loss) | 9901 | €32,576 | €35,625 | +€3,049 | +9.4% |
| Financial income | 75/76B | €351 | €0 | -€351 | -100.0% |
| Recurring financial income | 75 | €351 | €0 | -€351 | -100.0% |
| Financial charges | 65/66B | €7,848 | €7,646 | -€202 | -2.6% |
| Recurring financial charges | 65 | €7,848 | €7,646 | -€202 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €25,079 | €27,979 | +€2,900 | +11.6% |
| Income taxes | 67/77 | €6,203 | €7,539 | +€1,336 | +21.5% |
| Profit (loss) for the period | 9904 | €18,876 | €20,440 | +€1,564 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €20,440 | +€1,564 | +8.3% |
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 13 October 2026 via checked.be.