LA CALA: 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.
LA CALA
Largest movements
- Tangible fixed assets +€66,590
up €66,590 (+9.5%), from €697,503 to €764,093
of which Land and buildings: +€41,565
- Cash +€33,949
up €33,949 (+60.8%), from €55,863 to €89,812
mainly Net result for the year (+€149,611) and Depreciation (+€43,668)
- Debts after one year -€85,924
down €85,924 (-21.3%), from €402,784 to €316,860
- Reserves +€74,611
up €74,611 (+8.6%), from €867,439 to €942,050
of which Distributable reserves: +€74,611
- Other debts +€43,393
up €43,393 (+85.2%), from €50,932 to €94,326
- Tax, wage and social debts +€26,842
up €26,842 (+407%), from €6,597 to €33,439
of which Taxes: +€31,080
- Financial income -€274,124
down €274,124 (-96.7%), from €283,459 to €9,335
- Gross operating margin +€107,489
up €107,489 (+57.8%), from €185,819 to €293,308
- Taxes +€43,617
up €43,617 (+162%), from €26,986 to €70,603
- Staff costs -€33,409
down €33,409 (-66.9%), from €49,940 to €16,531
- Depreciation -€6,041
down €6,041 (-12.2%), from €49,709 to €43,668
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 | €1,603,997 | €1,677,332 | +€73,336 | +4.6% |
| Fixed assets | 21/28 | €713,703 | €780,293 | +€66,590 | +9.3% |
| Tangible fixed assets | 22/27 | €697,503 | €764,093 | +€66,590 | +9.5% |
| Land and buildings | 22 | €697,232 | €738,797 | +€41,565 | +6.0% |
| Furniture and vehicles | 24 | €271 | €25,297 | +€25,025 | +9,218% |
| Financial fixed assets | 28 | €16,200 | €16,200 | = | 0.0% |
| Current assets | 29/58 | €890,294 | €897,039 | +€6,746 | +0.8% |
| Amounts receivable within one year | 40/41 | €798,056 | €782,085 | -€15,971 | -2.0% |
| Trade receivables | 40 | €1,575 | - | -€1,575 | |
| Other amounts receivable | 41 | €796,481 | €782,085 | -€14,396 | -1.8% |
| Current investments | 50/53 | €15,565 | €15,978 | +€414 | +2.7% |
| Cash at bank and in hand | 54/58 | €55,863 | €89,812 | +€33,949 | +60.8% |
| Deferred charges and accrued income | 490/1 | €20,810 | €9,164 | -€11,646 | -56.0% |
| Total equity and liabilities | 10/49 | €1,603,997 | €1,677,332 | +€73,336 | +4.6% |
| Equity | 10/15 | €1,048,939 | €1,123,550 | +€74,611 | +7.1% |
| Contributions | 10/11 | €181,500 | €181,500 | = | 0.0% |
| Capital | 10 | €181,500 | €181,500 | = | 0.0% |
| Issued capital | 100 | €181,500 | €181,500 | = | 0.0% |
| Reserves | 13 | €867,439 | €942,050 | +€74,611 | +8.6% |
| Non-distributable reserves | 130/1 | €18,150 | €18,150 | = | 0.0% |
| Legal reserve | 130 | €18,150 | €18,150 | = | 0.0% |
| Distributable reserves | 133 | €849,289 | €923,900 | +€74,611 | +8.8% |
| Amounts payable | 17/49 | €555,058 | €553,782 | -€1,276 | -0.2% |
| Amounts payable after more than one year | 17 | €402,784 | €316,860 | -€85,924 | -21.3% |
| Financial debts | 170/4 | €402,784 | €316,860 | -€85,924 | -21.3% |
| Amounts payable within one year | 42/48 | €149,791 | €234,531 | +€84,739 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €91,881 | €93,036 | +€1,155 | +1.3% |
| Trade debts | 44 | €381 | €13,730 | +€13,349 | +3,501% |
| Suppliers | 440/4 | €381 | €13,730 | +€13,349 | +3,501% |
| Taxes, remuneration and social security | 45 | €6,597 | €33,439 | +€26,842 | +407% |
| Taxes | 450/3 | - | €31,080 | +€31,080 | |
| Remuneration and social security | 454/9 | €6,597 | €2,359 | -€4,238 | -64.2% |
| Other amounts payable | 47/48 | €50,932 | €94,326 | +€43,393 | +85.2% |
| Accrued charges and deferred income | 492/3 | €2,482 | €2,391 | -€91 | -3.7% |
| Non-recurring operating income | 76A | - | €1,928 | +€1,928 | |
| Remuneration, social security and pensions | 62 | €49,940 | €16,531 | -€33,409 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,709 | €43,668 | -€6,041 | -12.2% |
| Other operating charges | 640/8 | €5,340 | €4,285 | -€1,055 | -19.8% |
| Non-recurring operating charges | 66A | - | €10,663 | +€10,663 | |
| Gross operating margin | 9900 | €185,819 | €293,308 | +€107,489 | +57.8% |
| Operating profit (loss) | 9901 | €80,831 | €218,161 | +€137,330 | +170% |
| Financial income | 75/76B | €283,459 | €9,335 | -€274,124 | -96.7% |
| Recurring financial income | 75 | €283,459 | €9,335 | -€274,124 | -96.7% |
| Financial charges | 65/66B | €9,536 | €7,282 | -€2,254 | -23.6% |
| Recurring financial charges | 65 | €9,536 | €7,282 | -€2,254 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €354,753 | €220,214 | -€134,540 | -37.9% |
| Income taxes | 67/77 | €26,986 | €70,603 | +€43,617 | +162% |
| Profit (loss) for the period | 9904 | €327,767 | €149,611 | -€178,156 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €327,767 | €149,611 | -€178,156 | -54.4% |
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 1 November 2026 via checked.be.