DR PIET CALCOEN: 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 PIET CALCOEN
Largest movements
- Cash +€7,044
up €7,044 (+1,004%), from €701 to €7,745
mainly Net result for the year (+€9,459) and Other debts (+€2,254)
- Tangible fixed assets +€1,721
up €1,721 (+70.6%), from €2,437 to €4,157
of which Furniture and vehicles: +€2,233
- Receivables within one year +€1,494
up €1,494 (+213%), from €700 to €2,194
of which Other amounts receivable: +€1,358
- Profit (loss) carried forward +€7,793
up €7,793, from -€458 to €7,334
- Other debts +€2,254
up €2,254 (+170%), from €1,325 to €3,579
- Trade debts +€274
up €274 (+126%), from €218 to €492
- Gross operating margin +€12,706
up €12,706, from -€274 to €12,431
- Taxes +€2,142
new in 2025: €2,142
- Depreciation +€611
up €611 (+483%), from €126 to €737
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 | €4,085 | €14,412 | +€10,328 | +253% |
| Fixed assets | 21/28 | €2,437 | €4,157 | +€1,721 | +70.6% |
| Tangible fixed assets | 22/27 | €2,437 | €4,157 | +€1,721 | +70.6% |
| Furniture and vehicles | 24 | - | €2,233 | +€2,233 | |
| Other tangible fixed assets | 26 | €2,437 | €1,924 | -€513 | -21.0% |
| Current assets | 29/58 | €1,648 | €10,255 | +€8,607 | +522% |
| Amounts receivable within one year | 40/41 | €700 | €2,194 | +€1,494 | +213% |
| Trade receivables | 40 | €700 | €835 | +€135 | +19.3% |
| Other amounts receivable | 41 | - | €1,358 | +€1,358 | |
| Cash at bank and in hand | 54/58 | €701 | €7,745 | +€7,044 | +1,004% |
| Deferred charges and accrued income | 490/1 | €247 | €316 | +€69 | +28.0% |
| Total equity and liabilities | 10/49 | €4,085 | €14,412 | +€10,328 | +253% |
| Equity | 10/15 | €2,542 | €10,334 | +€7,793 | +307% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€458 | €7,334 | +€7,793 | |
| Amounts payable | 17/49 | €1,543 | €4,078 | +€2,535 | +164% |
| Amounts payable within one year | 42/48 | €1,543 | €4,078 | +€2,535 | +164% |
| Trade debts | 44 | €218 | €492 | +€274 | +126% |
| Suppliers | 440/4 | €218 | €492 | +€274 | +126% |
| Taxes, remuneration and social security | 45 | - | €7 | +€7 | |
| Taxes | 450/3 | - | €7 | +€7 | |
| Other amounts payable | 47/48 | €1,325 | €3,579 | +€2,254 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126 | €737 | +€611 | +483% |
| Other operating charges | 640/8 | €50 | €49 | -€1 | -2.5% |
| Gross operating margin | 9900 | -€274 | €12,431 | +€12,706 | |
| Operating profit (loss) | 9901 | -€451 | €11,645 | +€12,096 | |
| Financial charges | 65/66B | €8 | €45 | +€38 | +500% |
| Recurring financial charges | 65 | €8 | €45 | +€38 | +500% |
| Profit (loss) for the period before taxes | 9903 | -€458 | €11,600 | +€12,059 | |
| Income taxes | 67/77 | - | €2,142 | +€2,142 | |
| Profit (loss) for the period | 9904 | -€458 | €9,459 | +€9,917 | |
| Profit (loss) for the period to be appropriated | 9905 | -€458 | €9,459 | +€9,917 |
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 30 October 2026 via checked.be.