ERIC CALLEWAERT: 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.
What changed
ERIC CALLEWAERT
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€354,856
2024 · €403,416-€48,561
Equity
€2.0m
2024 · €1.9m+€154,856
Cash
€227,587
2024 · €193,774+€33,813
Balance sheet total
€5.0m
2024 · €4.2m+€849,964
Largest movements
Assets
- Tangible fixed assets +€665,604
up €665,604 (+24.3%), from €2.7m to €3.4m
of which Land and buildings: +€701,245
- Receivables after one year +€148,000
up €148,000 (+12.2%), from €1.2m to €1.4m
Equity and liabilities
- Debts after one year +€378,347
up €378,347 (+31.6%), from €1.2m to €1.6m
- Other debts +€170,725
up €170,725 (+325%), from €52,452 to €223,177
- Reserves +€150,667
up €150,667 (+9.6%), from €1.6m to €1.7m
of which Distributable reserves: +€155,000
- Current portion of long-term debt +€125,899
up €125,899 (+90.0%), from €139,941 to €265,840
Income statement
- Gross operating margin -€20,885
down €20,885 (-2.4%), from €857,399 to €836,514
- Taxes -€20,835
down €20,835 (-10.5%), from €199,268 to €178,433
- Depreciation +€15,877
up €15,877 (+9.6%), from €165,099 to €180,976
- Staff costs +€14,042
up €14,042 (+61.4%), from €22,875 to €36,917
- Financial charges +€13,946
up €13,946 (+17.0%), from €82,203 to €96,150
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.
Result 2024
€403,416
Gross operating margin
-€20,885
Staff costs
-€14,042
Depreciation
-€15,877
Other operating charges
-€10,181
Financial income
+€5,536
Financial charges
-€13,946
Taxes
+€20,835
Result 2025
€354,856
raises the resultlowers the result
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.
From operations
+€576,146
Investment
-€846,579
Financing
+€304,246
Cash 2024
€193,774
From operations (derived)
+€576,146
Net result for the year
+€354,856
Depreciation
+€180,976
Receivables after one year
-€148,000
Receivables within one year
-€6,172
Deferred charges and accrued income
+€3,624
Provisions
-€1,820
Trade debts
-€5,443
Tax, wage and social debts
-€2,595
Advances received
+€34,458
Other debts
+€170,725
Accrued charges and deferred income
-€4,463
Investment (derived)
-€846,579
Investment in fixed assets (net)
-€846,579
Financing
+€304,246
Debts after one year
+€378,347
Current portion of long-term debt
+€125,899
Contributions, distributions and other
-€200,000
Cash 2025
€227,587
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,199,212 | €5,049,176 | +€849,964 | +20.2% |
| Fixed assets | 21/28 | €2,739,719 | €3,405,323 | +€665,604 | +24.3% |
| Tangible fixed assets | 22/27 | €2,739,694 | €3,405,298 | +€665,604 | +24.3% |
| Land and buildings | 22 | €2,580,179 | €3,281,424 | +€701,245 | +27.2% |
| Furniture and vehicles | 24 | €26,564 | €24,698 | -€1,866 | -7.0% |
| Other tangible fixed assets | 26 | €132,950 | €99,175 | -€33,775 | -25.4% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €1,459,493 | €1,643,854 | +€184,360 | +12.6% |
| Amounts receivable after more than one year | 29 | €1,212,000 | €1,360,000 | +€148,000 | +12.2% |
| Other amounts receivable | 291 | €1,212,000 | €1,360,000 | +€148,000 | +12.2% |
| Amounts receivable within one year | 40/41 | €14,482 | €20,654 | +€6,172 | +42.6% |
| Trade receivables | 40 | €6,035 | - | -€6,035 | |
| Other amounts receivable | 41 | €8,446 | €20,654 | +€12,207 | +145% |
| Cash at bank and in hand | 54/58 | €193,774 | €227,587 | +€33,813 | +17.4% |
| Deferred charges and accrued income | 490/1 | €39,238 | €35,613 | -€3,624 | -9.2% |
| Total equity and liabilities | 10/49 | €4,199,212 | €5,049,176 | +€849,964 | +20.2% |
| Equity | 10/15 | €1,876,073 | €2,030,928 | +€154,856 | +8.3% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €1,564,638 | €1,715,305 | +€150,667 | +9.6% |
| Tax-exempt reserves | 132 | €109,638 | €105,305 | -€4,333 | -4.0% |
| Distributable reserves | 133 | €1,455,000 | €1,610,000 | +€155,000 | +10.7% |
| Profit (loss) carried forward | 14 | €278,434 | €282,623 | +€4,189 | +1.5% |
| Provisions and deferred taxes | 16 | €46,054 | €44,234 | -€1,820 | -4.0% |
| Deferred taxes | 168 | €46,054 | €44,234 | -€1,820 | -4.0% |
| Amounts payable | 17/49 | €2,277,086 | €2,974,015 | +€696,929 | +30.6% |
| Amounts payable after more than one year | 17 | €1,195,860 | €1,574,207 | +€378,347 | +31.6% |
| Financial debts | 170/4 | €1,195,860 | €1,574,207 | +€378,347 | +31.6% |
| Amounts payable within one year | 42/48 | €1,032,395 | €1,355,440 | +€323,045 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €139,941 | €265,840 | +€125,899 | +90.0% |
| Trade debts | 44 | €22,250 | €16,808 | -€5,443 | -24.5% |
| Suppliers | 440/4 | €22,250 | €16,808 | -€5,443 | -24.5% |
| Advances received on contracts in progress | 46 | €768,542 | €803,000 | +€34,458 | +4.5% |
| Taxes, remuneration and social security | 45 | €49,209 | €46,614 | -€2,595 | -5.3% |
| Taxes | 450/3 | €44,683 | €41,376 | -€3,307 | -7.4% |
| Remuneration and social security | 454/9 | €4,527 | €5,238 | +€711 | +15.7% |
| Other amounts payable | 47/48 | €52,452 | €223,177 | +€170,725 | +325% |
| Accrued charges and deferred income | 492/3 | €48,832 | €44,368 | -€4,463 | -9.1% |
| Remuneration, social security and pensions | 62 | €22,875 | €36,917 | +€14,042 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,099 | €180,976 | +€15,877 | +9.6% |
| Other operating charges | 640/8 | €12,481 | €22,662 | +€10,181 | +81.6% |
| Gross operating margin | 9900 | €857,399 | €836,514 | -€20,885 | -2.4% |
| Operating profit (loss) | 9901 | €656,945 | €595,959 | -€60,985 | -9.3% |
| Financial income | 75/76B | €26,122 | €31,659 | +€5,536 | +21.2% |
| Recurring financial income | 75 | €26,122 | €31,659 | +€5,536 | +21.2% |
| Financial charges | 65/66B | €82,203 | €96,150 | +€13,946 | +17.0% |
| Recurring financial charges | 65 | €82,203 | €96,150 | +€13,946 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €600,864 | €531,468 | -€69,396 | -11.5% |
| Transfer from deferred taxes | 780 | €1,820 | €1,820 | = | 0.0% |
| Income taxes | 67/77 | €199,268 | €178,433 | -€20,835 | -10.5% |
| Profit (loss) for the period | 9904 | €403,416 | €354,856 | -€48,561 | -12.0% |
| Transfer from tax-exempt reserves | 789 | €4,333 | €4,333 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €407,749 | €359,189 | -€48,561 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.