GROUP 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.
GROUP CAL
Largest movements
- Stocks and contracts -€14,730
down €14,730 (-67.7%), from €21,763 to €7,033
- Tangible fixed assets -€13,096
down €13,096 (-53.2%), from €24,601 to €11,505
- Financial fixed assets +€9,525
up €9,525 (+66.4%), from €14,344 to €23,869
- Cash +€6,624
up €6,624 (+24.1%), from €27,435 to €34,059
mainly Stocks and contracts (+€14,730) and Net result for the year (+€10,896)
- Receivables within one year +€1,575
up €1,575 (+387%), from €407 to €1,982
of which Other amounts receivable: +€1,750
- Trade debts -€12,428
down €12,428 (-15.3%), from €81,030 to €68,602
- Current portion of long-term debt -€12,103
down €12,103 (-80.7%), from €15,005 to €2,902
- Profit (loss) carried forward +€10,896
up €10,896 (+7.1%), from -€152,787 to -€141,891
- Advances received -€10,433
no longer reported in 2025 (was €10,433)
- Other debts +€9,088
up €9,088 (+29.6%), from €30,755 to €39,843
- Gross operating margin +€58,646
up €58,646 (+54.2%), from €108,221 to €166,867
- Staff costs +€14,278
up €14,278 (+13.0%), from €109,596 to €123,874
- Depreciation -€7,488
down €7,488 (-41.6%), from €18,009 to €10,521
- Other operating charges +€7,149
up €7,149 (+233%), from €3,070 to €10,219
- Financial charges +€6,749
up €6,749 (+164%), from €4,105 to €10,854
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 | €88,550 | €78,448 | -€10,102 | -11.4% |
| Fixed assets | 21/28 | €38,945 | €35,374 | -€3,571 | -9.2% |
| Tangible fixed assets | 22/27 | €24,601 | €11,505 | -€13,096 | -53.2% |
| Furniture and vehicles | 24 | €24,601 | €11,505 | -€13,096 | -53.2% |
| Financial fixed assets | 28 | €14,344 | €23,869 | +€9,525 | +66.4% |
| Current assets | 29/58 | €49,605 | €43,074 | -€6,531 | -13.2% |
| Stocks and contracts in progress | 3 | €21,763 | €7,033 | -€14,730 | -67.7% |
| Stocks | 30/36 | €21,763 | €7,033 | -€14,730 | -67.7% |
| Amounts receivable within one year | 40/41 | €407 | €1,982 | +€1,575 | +387% |
| Trade receivables | 40 | €407 | €232 | -€175 | -42.9% |
| Other amounts receivable | 41 | - | €1,750 | +€1,750 | |
| Cash at bank and in hand | 54/58 | €27,435 | €34,059 | +€6,624 | +24.1% |
| Total equity and liabilities | 10/49 | €88,550 | €78,448 | -€10,102 | -11.4% |
| Equity | 10/15 | -€134,187 | -€123,291 | +€10,896 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€152,787 | -€141,891 | +€10,896 | +7.1% |
| Amounts payable | 17/49 | €222,738 | €201,739 | -€20,999 | -9.4% |
| Amounts payable after more than one year | 17 | €52,902 | €50,000 | -€2,902 | -5.5% |
| Financial debts | 170/4 | €52,902 | €50,000 | -€2,902 | -5.5% |
| Amounts payable within one year | 42/48 | €169,836 | €151,739 | -€18,097 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €15,005 | €2,902 | -€12,103 | -80.7% |
| Trade debts | 44 | €81,030 | €68,602 | -€12,428 | -15.3% |
| Suppliers | 440/4 | €81,030 | €68,602 | -€12,428 | -15.3% |
| Advances received on contracts in progress | 46 | €10,433 | - | -€10,433 | |
| Taxes, remuneration and social security | 45 | €32,613 | €40,392 | +€7,779 | +23.9% |
| Taxes | 450/3 | €7,902 | €7,796 | -€106 | -1.3% |
| Remuneration and social security | 454/9 | €24,711 | €32,596 | +€7,885 | +31.9% |
| Other amounts payable | 47/48 | €30,755 | €39,843 | +€9,088 | +29.6% |
| Non-recurring operating income | 76A | - | €9,308 | +€9,308 | |
| Remuneration, social security and pensions | 62 | €109,596 | €123,874 | +€14,278 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,009 | €10,521 | -€7,488 | -41.6% |
| Other operating charges | 640/8 | €3,070 | €10,219 | +€7,149 | +233% |
| Gross operating margin | 9900 | €108,221 | €166,867 | +€58,646 | +54.2% |
| Operating profit (loss) | 9901 | -€22,454 | €22,253 | +€44,707 | |
| Financial income | 75/76B | €106 | €1,414 | +€1,308 | +1,228% |
| Recurring financial income | 75 | €106 | €1,414 | +€1,308 | +1,228% |
| Financial charges | 65/66B | €4,105 | €10,854 | +€6,749 | +164% |
| Recurring financial charges | 65 | €4,105 | €10,854 | +€6,749 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€26,453 | €12,813 | +€39,266 | |
| Income taxes | 67/77 | €681 | €1,917 | +€1,236 | +181% |
| Profit (loss) for the period | 9904 | -€27,134 | €10,896 | +€38,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,134 | €10,896 | +€38,030 |
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 17 October 2026 via checked.be.