DR. CALLANT EWOUT: 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.
DR. CALLANT EWOUT
Largest movements
- Cash +€144,344
up €144,344 (+104%), from €138,932 to €283,276
mainly Net result for the year (+€170,207) and Tax, wage and social debts (+€51,295)
- Receivables after one year +€55,000
up €55,000 (+68.8%), from €80,000 to €135,000
- Tangible fixed assets -€12,140
down €12,140 (-10.4%), from €116,666 to €104,526
of which Leasing and similar rights: -€11,399
- Deferred charges and accrued income +€9,136
up €9,136 (+41.4%), from €22,056 to €31,192
- Receivables within one year +€7,646
up €7,646 (+36.1%), from €21,171 to €28,817
- Reserves +€170,207
up €170,207 (+58.1%), from €293,079 to €463,286
- Tax, wage and social debts +€51,295
up €51,295 (+120%), from €42,724 to €94,019
- Debts after one year -€11,388
down €11,388 (-32.3%), from €35,232 to €23,844
- Other debts -€6,574
down €6,574 (-79.1%), from €8,308 to €1,734
- Gross operating margin +€25,580
up €25,580 (+12.3%), from €207,467 to €233,047
- Taxes +€8,571
up €8,571 (+20.1%), from €42,724 to €51,295
- Depreciation -€5,845
down €5,845 (-30.4%), from €19,254 to €13,409
- Financial income +€3,369
up €3,369 (+557%), from €605 to €3,974
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 | €403,952 | €607,938 | +€203,985 | +50.5% |
| Fixed assets | 21/28 | €141,793 | €129,654 | -€12,140 | -8.6% |
| Tangible fixed assets | 22/27 | €116,666 | €104,526 | -€12,140 | -10.4% |
| Plant, machinery and equipment | 23 | €2,330 | €2,505 | +€175 | +7.5% |
| Furniture and vehicles | 24 | €3,604 | €2,688 | -€916 | -25.4% |
| Leasing and similar rights | 25 | €46,470 | €35,071 | -€11,399 | -24.5% |
| Other tangible fixed assets | 26 | €64,263 | €64,263 | = | 0.0% |
| Financial fixed assets | 28 | €25,128 | €25,128 | = | 0.0% |
| Current assets | 29/58 | €262,159 | €478,284 | +€216,125 | +82.4% |
| Amounts receivable after more than one year | 29 | €80,000 | €135,000 | +€55,000 | +68.8% |
| Other amounts receivable | 291 | €80,000 | €135,000 | +€55,000 | +68.8% |
| Amounts receivable within one year | 40/41 | €21,171 | €28,817 | +€7,646 | +36.1% |
| Other amounts receivable | 41 | €21,171 | €28,817 | +€7,646 | +36.1% |
| Cash at bank and in hand | 54/58 | €138,932 | €283,276 | +€144,344 | +104% |
| Deferred charges and accrued income | 490/1 | €22,056 | €31,192 | +€9,136 | +41.4% |
| Total equity and liabilities | 10/49 | €403,952 | €607,938 | +€203,985 | +50.5% |
| Equity | 10/15 | €298,079 | €468,286 | +€170,207 | +57.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €293,079 | €463,286 | +€170,207 | +58.1% |
| Distributable reserves | 133 | €293,079 | €463,286 | +€170,207 | +58.1% |
| Amounts payable | 17/49 | €105,873 | €139,651 | +€33,778 | +31.9% |
| Amounts payable after more than one year | 17 | €35,232 | €23,844 | -€11,388 | -32.3% |
| Financial debts | 170/4 | €35,232 | €23,844 | -€11,388 | -32.3% |
| Amounts payable within one year | 42/48 | €63,704 | €108,240 | +€44,536 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €11,047 | €11,388 | +€342 | +3.1% |
| Trade debts | 44 | €1,625 | €1,099 | -€526 | -32.4% |
| Suppliers | 440/4 | €1,625 | €1,099 | -€526 | -32.4% |
| Taxes, remuneration and social security | 45 | €42,724 | €94,019 | +€51,295 | +120% |
| Taxes | 450/3 | €42,724 | €94,019 | +€51,295 | +120% |
| Other amounts payable | 47/48 | €8,308 | €1,734 | -€6,574 | -79.1% |
| Accrued charges and deferred income | 492/3 | €6,937 | €7,568 | +€631 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,254 | €13,409 | -€5,845 | -30.4% |
| Other operating charges | 640/8 | €366 | €741 | +€374 | +102% |
| Gross operating margin | 9900 | €207,467 | €233,047 | +€25,580 | +12.3% |
| Operating profit (loss) | 9901 | €187,847 | €218,897 | +€31,051 | +16.5% |
| Financial income | 75/76B | €605 | €3,974 | +€3,369 | +557% |
| Recurring financial income | 75 | €605 | €3,974 | +€3,369 | +557% |
| Financial charges | 65/66B | €1,918 | €1,370 | -€548 | -28.6% |
| Recurring financial charges | 65 | €1,918 | €1,370 | -€548 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €186,534 | €221,502 | +€34,968 | +18.7% |
| Income taxes | 67/77 | €42,724 | €51,295 | +€8,571 | +20.1% |
| Profit (loss) for the period | 9904 | €143,810 | €170,207 | +€26,397 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €143,810 | €170,207 | +€26,397 | +18.4% |
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 29 October 2026 via checked.be.