DE CALUWE: 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.
DE CALUWE
Largest movements
- Cash +€27,424
up €27,424 (+17.1%), from €160,032 to €187,456
mainly Trade debts (+€20,704) and Depreciation (+€15,194)
- Tangible fixed assets -€9,368
down €9,368 (-1.4%), from €652,192 to €642,824
of which Land and buildings: -€7,176
- Trade debts +€20,704
up €20,704 (+28.6%), from €72,266 to €92,970
- Other debts -€17,512
down €17,512 (-100.0%), from €17,512 to €0
- Reserves +€14,308
up €14,308 (+2.0%), from €712,265 to €726,573
- Current portion of long-term debt -€9,784
down €9,784 (-95.9%), from €10,204 to €420
- Gross operating margin +€10,462
up €10,462 (+25.5%), from €41,024 to €51,486
- Taxes +€2,835
up €2,835 (+21.4%), from €13,272 to €16,107
- Depreciation +€1,275
up €1,275 (+9.2%), from €13,919 to €15,194
- Other operating charges -€588
down €588 (-12.6%), from €4,657 to €4,069
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 | €831,119 | €840,669 | +€9,551 | +1.1% |
| Fixed assets | 21/28 | €652,192 | €642,824 | -€9,368 | -1.4% |
| Tangible fixed assets | 22/27 | €652,192 | €642,824 | -€9,368 | -1.4% |
| Land and buildings | 22 | €43,919 | €36,743 | -€7,176 | -16.3% |
| Plant, machinery and equipment | 23 | €10,622 | €12,394 | +€1,773 | +16.7% |
| Furniture and vehicles | 24 | €597,652 | €593,687 | -€3,965 | -0.7% |
| Current assets | 29/58 | €178,926 | €197,845 | +€18,919 | +10.6% |
| Amounts receivable within one year | 40/41 | €12,210 | €9,262 | -€2,949 | -24.1% |
| Trade receivables | 40 | €2,392 | €3,407 | +€1,015 | +42.4% |
| Other amounts receivable | 41 | €9,818 | €5,855 | -€3,963 | -40.4% |
| Cash at bank and in hand | 54/58 | €160,032 | €187,456 | +€27,424 | +17.1% |
| Deferred charges and accrued income | 490/1 | €6,684 | €1,127 | -€5,557 | -83.1% |
| Total equity and liabilities | 10/49 | €831,119 | €840,669 | +€9,551 | +1.1% |
| Equity | 10/15 | €730,865 | €745,173 | +€14,308 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €712,265 | €726,573 | +€14,308 | +2.0% |
| Distributable reserves | 133 | €712,265 | €726,573 | +€14,308 | +2.0% |
| Amounts payable | 17/49 | €100,254 | €95,496 | -€4,757 | -4.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €100,254 | €95,496 | -€4,757 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €10,204 | €420 | -€9,784 | -95.9% |
| Trade debts | 44 | €72,266 | €92,970 | +€20,704 | +28.6% |
| Suppliers | 440/4 | €72,266 | €92,970 | +€20,704 | +28.6% |
| Taxes, remuneration and social security | 45 | €272 | €2,107 | +€1,835 | +673.5% |
| Taxes | 450/3 | €272 | €2,107 | +€1,835 | +673.5% |
| Other amounts payable | 47/48 | €17,512 | €0 | -€17,512 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,919 | €15,194 | +€1,275 | +9.2% |
| Other operating charges | 640/8 | €4,657 | €4,069 | -€588 | -12.6% |
| Gross operating margin | 9900 | €41,024 | €51,486 | +€10,462 | +25.5% |
| Operating profit (loss) | 9901 | €22,448 | €32,223 | +€9,775 | +43.5% |
| Financial income | 75/76B | €259 | €173 | -€86 | -33.1% |
| Recurring financial income | 75 | €259 | €173 | -€86 | -33.1% |
| Financial charges | 65/66B | €2,319 | €1,981 | -€338 | -14.6% |
| Recurring financial charges | 65 | €2,319 | €1,981 | -€338 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €20,388 | €30,415 | +€10,027 | +49.2% |
| Income taxes | 67/77 | €13,272 | €16,107 | +€2,835 | +21.4% |
| Profit (loss) for the period | 9904 | €7,116 | €14,308 | +€7,192 | +101.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,116 | €14,308 | +€7,192 | +101.1% |
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 6 October 2026 via checked.be.