DE CALUWE MARK: what changed
What changed
DE CALUWE MARK
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€3,934
2024 · €126,627-€122,693
Equity
€846,105
2024 · €842,171+€3,934
Cash
€209,169
2024 · €85,219+€123,950
Balance sheet total
€2.8m
2024 · €1.7m+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+180%), from €572,475 to €1.6m
- Cash +€123,950
up €123,950 (+145%), from €85,219 to €209,169
mainly Short-term financial debts (+€495,781) and Debts after one year (+€239,543)
- Tangible fixed assets -€40,519
down €40,519 (-5.7%), from €708,390 to €667,871
Equity and liabilities
- Short-term financial debts +€495,781
up €495,781 (+194%), from €255,000 to €750,781
- Debts after one year +€239,543
up €239,543 (+64.2%), from €372,868 to €612,411
- Other debts +€202,200
up €202,200 (+1,922%), from €10,521 to €212,721
- Advances received +€157,945
new in 2025: €157,945
Income statement
- Gross operating margin -€260,904
down €260,904 (-39.4%), from €661,556 to €400,651
- Staff costs -€69,069
down €69,069 (-20.9%), from €330,122 to €261,053
- Taxes -€43,476
down €43,476 (-95.7%), from €45,446 to €1,971
- Other operating charges -€13,700
down €13,700 (-67.2%), from €20,372 to €6,672
- Depreciation -€8,926
down €8,926 (-8.8%), from €101,905 to €92,980
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€126,627
Gross operating margin
-€260,904
Staff costs
+€69,069
Depreciation
+€8,926
Other operating charges
+€13,700
Financial income
+€256
Financial charges
+€2,786
Taxes
+€43,476
Result 2025
€3,934
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€556,672
Investment
-€52,461
Financing
+€733,083
Cash 2024
€85,219
From operations (derived)
-€556,672
Net result for the year
+€3,934
Depreciation
+€92,980
Stocks and contracts
-€1.0m
Receivables within one year
-€19,891
Trade debts
+€26,841
Tax, wage and social debts
+€6,702
Advances received
+€157,945
Other debts
+€202,200
Accrued charges and deferred income
+€4,932
Investment (derived)
-€52,461
Investment in fixed assets (net)
-€52,461
Financing
+€733,083
Debts after one year
+€239,543
Current portion of long-term debt
-€2,242
Short-term financial debts
+€495,781
Cash 2025
€209,169
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,921 | €2,833,557 | +€1.1m | +66.9% |
| Fixed assets | 21/28 | €708,390 | €667,871 | -€40,519 | -5.7% |
| Tangible fixed assets | 22/27 | €708,390 | €667,871 | -€40,519 | -5.7% |
| Land and buildings | 22 | €422,685 | €404,645 | -€18,040 | -4.3% |
| Plant, machinery and equipment | 23 | €21,670 | €15,542 | -€6,128 | -28.3% |
| Furniture and vehicles | 24 | €264,035 | €247,684 | -€16,351 | -6.2% |
| Current assets | 29/58 | €989,531 | €2,165,686 | +€1.2m | +119% |
| Stocks and contracts in progress | 3 | €572,475 | €1,604,789 | +€1.0m | +180% |
| Stocks | 30/36 | €572,475 | €1,604,789 | +€1.0m | +180% |
| Amounts receivable within one year | 40/41 | €331,837 | €351,727 | +€19,891 | +6.0% |
| Trade receivables | 40 | €68,658 | €59,724 | -€8,934 | -13.0% |
| Other amounts receivable | 41 | €263,179 | €292,004 | +€28,825 | +11.0% |
| Cash at bank and in hand | 54/58 | €85,219 | €209,169 | +€123,950 | +145% |
| Total equity and liabilities | 10/49 | €1,697,921 | €2,833,557 | +€1.1m | +66.9% |
| Equity | 10/15 | €842,171 | €846,105 | +€3,934 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €829,771 | €833,705 | +€3,934 | +0.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €827,911 | €831,845 | +€3,934 | +0.5% |
| Amounts payable | 17/49 | €855,750 | €1,987,452 | +€1.1m | +132% |
| Amounts payable after more than one year | 17 | €372,868 | €612,411 | +€239,543 | +64.2% |
| Financial debts | 170/4 | €372,868 | €612,411 | +€239,543 | +64.2% |
| Amounts payable within one year | 42/48 | €482,882 | €1,370,109 | +€887,227 | +184% |
| Current portion of amounts payable after more than one year | 42 | €55,631 | €53,389 | -€2,242 | -4.0% |
| Financial debts | 43 | €255,000 | €750,781 | +€495,781 | +194% |
| Credit institutions | 430/8 | €255,000 | €750,781 | +€495,781 | +194% |
| Trade debts | 44 | €153,708 | €180,548 | +€26,841 | +17.5% |
| Suppliers | 440/4 | €153,708 | €180,548 | +€26,841 | +17.5% |
| Advances received on contracts in progress | 46 | - | €157,945 | +€157,945 | |
| Taxes, remuneration and social security | 45 | €8,023 | €14,724 | +€6,702 | +83.5% |
| Remuneration and social security | 454/9 | €8,023 | €14,724 | +€6,702 | +83.5% |
| Other amounts payable | 47/48 | €10,521 | €212,721 | +€202,200 | +1,922% |
| Accrued charges and deferred income | 492/3 | - | €4,932 | +€4,932 | |
| Remuneration, social security and pensions | 62 | €330,122 | €261,053 | -€69,069 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,905 | €92,980 | -€8,926 | -8.8% |
| Other operating charges | 640/8 | €20,372 | €6,672 | -€13,700 | -67.2% |
| Gross operating margin | 9900 | €661,556 | €400,651 | -€260,904 | -39.4% |
| Operating profit (loss) | 9901 | €209,156 | €39,946 | -€169,210 | -80.9% |
| Financial income | 75/76B | €7,853 | €8,109 | +€256 | +3.3% |
| Recurring financial income | 75 | €7,853 | €8,109 | +€256 | +3.3% |
| Financial charges | 65/66B | €44,936 | €42,150 | -€2,786 | -6.2% |
| Recurring financial charges | 65 | €44,936 | €42,150 | -€2,786 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €172,074 | €5,905 | -€166,168 | -96.6% |
| Income taxes | 67/77 | €45,446 | €1,971 | -€43,476 | -95.7% |
| Profit (loss) for the period | 9904 | €126,627 | €3,934 | -€122,693 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €126,627 | €3,934 | -€122,693 | -96.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.