ERIC CALLAERT: 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.
ERIC CALLAERT
Largest movements
- Cash +€7,182
up €7,182 (+37.5%), from €19,147 to €26,329
mainly Net result for the year (+€13,276) and Receivables within one year (+€5,961)
- Receivables within one year -€5,961
down €5,961 (-8.2%), from €72,415 to €66,454
of which Trade receivables: -€7,996
- Profit (loss) carried forward +€27,276
up €27,276, from -€13,645 to €13,630
- Reserves -€14,000
down €14,000 (-33.7%), from €41,500 to €27,500
of which Distributable reserves: -€14,000
- Other debts -€7,999
down €7,999 (-22.4%), from €35,775 to €27,775
- Trade debts -€6,333
down €6,333 (-64.4%), from €9,836 to €3,503
- Gross operating margin +€49,188
up €49,188, from -€18,788 to €30,400
- Taxes +€6,786
up €6,786 (+319.5%), from €2,124 to €8,911
- Other operating charges +€2,920
up €2,920 (+106.5%), from €2,743 to €5,663
- Financial charges +€925
up €925 (+68.7%), from €1,346 to €2,271
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 | €95,853 | €95,817 | -€37 | 0.0% |
| Formation expenses | 20 | €257 | €235 | -€23 | -8.8% |
| Fixed assets | 21/28 | €1,287 | €960 | -€327 | -25.4% |
| Tangible fixed assets | 22/27 | €687 | €360 | -€327 | -47.6% |
| Furniture and vehicles | 24 | €687 | €360 | -€327 | -47.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €94,309 | €94,622 | +€314 | +0.3% |
| Amounts receivable within one year | 40/41 | €72,415 | €66,454 | -€5,961 | -8.2% |
| Trade receivables | 40 | €66,561 | €58,565 | -€7,996 | -12.0% |
| Other amounts receivable | 41 | €5,854 | €7,889 | +€2,035 | +34.8% |
| Cash at bank and in hand | 54/58 | €19,147 | €26,329 | +€7,182 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,747 | €1,839 | -€908 | -33.0% |
| Total equity and liabilities | 10/49 | €95,853 | €95,817 | -€37 | 0.0% |
| Equity | 10/15 | €40,355 | €53,630 | +€13,276 | +32.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €41,500 | €27,500 | -€14,000 | -33.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €25,000 | -€14,000 | -35.9% |
| Profit (loss) carried forward | 14 | -€13,645 | €13,630 | +€27,276 | |
| Amounts payable | 17/49 | €55,499 | €42,186 | -€13,312 | -24.0% |
| Amounts payable within one year | 42/48 | €55,499 | €42,186 | -€13,312 | -24.0% |
| Financial debts | 43 | €1,541 | €2,106 | +€565 | +36.7% |
| Credit institutions | 430/8 | €1,541 | €2,106 | +€565 | +36.7% |
| Trade debts | 44 | €9,836 | €3,503 | -€6,333 | -64.4% |
| Suppliers | 440/4 | €9,836 | €3,503 | -€6,333 | -64.4% |
| Taxes, remuneration and social security | 45 | €8,347 | €8,803 | +€455 | +5.5% |
| Taxes | 450/3 | €8,347 | €8,803 | +€455 | +5.5% |
| Other amounts payable | 47/48 | €35,775 | €27,775 | -€7,999 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €350 | +€32 | +10.2% |
| Other operating charges | 640/8 | €2,743 | €5,663 | +€2,920 | +106.5% |
| Gross operating margin | 9900 | -€18,788 | €30,400 | +€49,188 | |
| Operating profit (loss) | 9901 | -€21,849 | €24,387 | +€46,236 | |
| Financial income | 75/76B | €0 | €70 | +€70 | +34910.0% |
| Recurring financial income | 75 | €0 | €70 | +€70 | +34910.0% |
| Financial charges | 65/66B | €1,346 | €2,271 | +€925 | +68.7% |
| Recurring financial charges | 65 | €1,346 | €2,271 | +€925 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,195 | €22,186 | +€45,381 | |
| Income taxes | 67/77 | €2,124 | €8,911 | +€6,786 | +319.5% |
| Profit (loss) for the period | 9904 | -€25,319 | €13,276 | +€38,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,319 | €13,276 | +€38,595 |
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 29 September 2026 via checked.be.