GROEP CAL: 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.
GROEP CAL
Largest movements
- Cash +€55,353
up €55,353 (+180%), from €30,794 to €86,147
mainly Net result for the year (+€49,402) and Tax, wage and social debts (+€16,230)
- Current investments +€20,705
up €20,705 (+11.5%), from €180,225 to €200,930
- Reserves +€49,402
up €49,402 (+8.0%), from €615,063 to €664,465
of which Distributable reserves: +€49,402
- Tax, wage and social debts +€16,230
up €16,230 (+67.2%), from €24,153 to €40,383
of which Taxes: +€11,735
- Debts after one year +€9,061
up €9,061 (+63.4%), from €14,298 to €23,359
- Gross operating margin +€96,475
up €96,475 (+59.5%), from €162,165 to €258,640
- Staff costs +€26,590
up €26,590 (+16.2%), from €163,689 to €190,279
- Taxes +€14,003
up €14,003, from -€84 to €13,919
- Other operating charges +€5,675
up €5,675 (+188%), from €3,016 to €8,691
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 | €729,036 | €805,783 | +€76,746 | +10.5% |
| Fixed assets | 21/28 | €98,402 | €98,005 | -€396 | -0.4% |
| Tangible fixed assets | 22/27 | €98,402 | €98,005 | -€396 | -0.4% |
| Land and buildings | 22 | €97,652 | €97,505 | -€146 | -0.1% |
| Plant, machinery and equipment | 23 | €750 | €500 | -€250 | -33.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €630,635 | €707,778 | +€77,143 | +12.2% |
| Stocks and contracts in progress | 3 | €0 | €4,834 | +€4,834 | |
| Contracts in progress | 37 | €0 | €4,834 | +€4,834 | |
| Amounts receivable within one year | 40/41 | €416,406 | €413,552 | -€2,854 | -0.7% |
| Trade receivables | 40 | €56,702 | €47,313 | -€9,389 | -16.6% |
| Other amounts receivable | 41 | €359,704 | €366,239 | +€6,535 | +1.8% |
| Current investments | 50/53 | €180,225 | €200,930 | +€20,705 | +11.5% |
| Cash at bank and in hand | 54/58 | €30,794 | €86,147 | +€55,353 | +180% |
| Deferred charges and accrued income | 490/1 | €3,211 | €2,315 | -€895 | -27.9% |
| Total equity and liabilities | 10/49 | €729,036 | €805,783 | +€76,746 | +10.5% |
| Equity | 10/15 | €633,613 | €683,015 | +€49,402 | +7.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €615,063 | €664,465 | +€49,402 | +8.0% |
| Tax-exempt reserves | 132 | €31,992 | €31,992 | = | 0.0% |
| Distributable reserves | 133 | €583,071 | €632,473 | +€49,402 | +8.5% |
| Amounts payable | 17/49 | €95,424 | €122,768 | +€27,345 | +28.7% |
| Amounts payable after more than one year | 17 | €14,298 | €23,359 | +€9,061 | +63.4% |
| Financial debts | 170/4 | €14,298 | €23,359 | +€9,061 | +63.4% |
| Amounts payable within one year | 42/48 | €81,125 | €99,409 | +€18,284 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €8,520 | €12,093 | +€3,573 | +41.9% |
| Financial debts | 43 | €41,604 | €41,983 | +€380 | +0.9% |
| Credit institutions | 430/8 | €41,604 | €41,983 | +€380 | +0.9% |
| Trade debts | 44 | €6,849 | €4,950 | -€1,899 | -27.7% |
| Suppliers | 440/4 | €6,849 | €4,950 | -€1,899 | -27.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €24,153 | €40,383 | +€16,230 | +67.2% |
| Taxes | 450/3 | €2,243 | €13,978 | +€11,735 | +523% |
| Remuneration and social security | 454/9 | €21,910 | €26,405 | +€4,495 | +20.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,498 | €500 | -€1,998 | -80.0% |
| Remuneration, social security and pensions | 62 | €163,689 | €190,279 | +€26,590 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,532 | €11,506 | -€1,026 | -8.2% |
| Other operating charges | 640/8 | €3,016 | €8,691 | +€5,675 | +188% |
| Non-recurring operating charges | 66A | - | €479 | +€479 | |
| Gross operating margin | 9900 | €162,165 | €258,640 | +€96,475 | +59.5% |
| Operating profit (loss) | 9901 | -€17,072 | €47,686 | +€64,758 | |
| Financial income | 75/76B | €22,639 | €20,476 | -€2,163 | -9.6% |
| Recurring financial income | 75 | €22,639 | €20,476 | -€2,163 | -9.6% |
| Financial charges | 65/66B | €4,540 | €4,840 | +€301 | +6.6% |
| Recurring financial charges | 65 | €4,540 | €4,840 | +€301 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €1,027 | €63,321 | +€62,294 | +6,067% |
| Income taxes | 67/77 | -€84 | €13,919 | +€14,003 | |
| Profit (loss) for the period | 9904 | €1,111 | €49,402 | +€48,291 | +4,346% |
| Profit (loss) for the period to be appropriated | 9905 | €1,111 | €49,402 | +€48,291 | +4,346% |
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 20 October 2026 via checked.be.