LA CALANTHE: 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 CALANTHE
Largest movements
- Cash -€28,051
down €28,051 (-12.6%), from €222,778 to €194,728
mainly Contributions, distributions and other (-€29,500) and Net result for the year (-€25,641)
- Receivables after one year -€12,730
no longer reported in 2025 (was €12,730)
- Stocks and contracts -€8,055
down €8,055 (-8.2%), from €98,811 to €90,756
- Reserves -€29,500
down €29,500 (-19.9%), from €148,299 to €118,799
- Profit (loss) carried forward -€25,641
down €25,641 (-20.4%), from €125,599 to €99,958
- Tax, wage and social debts +€12,862
up €12,862 (+70.5%), from €18,238 to €31,100
of which Remuneration and social security: +€7,815
- Other debts -€7,923
down €7,923 (-72.7%), from €10,899 to €2,977
- Advances received -€6,185
no longer reported in 2025 (was €6,185)
- Gross operating margin -€40,082
down €40,082 (-38.9%), from €102,910 to €62,828
- Staff costs -€5,435
down €5,435 (-6.1%), from €89,494 to €84,059
- Taxes -€3,779
no longer reported in 2025 (was €3,779)
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 | €357,046 | €305,096 | -€51,949 | -14.5% |
| Fixed assets | 21/28 | €8,270 | €5,055 | -€3,215 | -38.9% |
| Tangible fixed assets | 22/27 | €8,270 | €5,055 | -€3,215 | -38.9% |
| Furniture and vehicles | 24 | €4,628 | €2,014 | -€2,613 | -56.5% |
| Other tangible fixed assets | 26 | €3,642 | €3,040 | -€602 | -16.5% |
| Current assets | 29/58 | €348,776 | €300,042 | -€48,734 | -14.0% |
| Amounts receivable after more than one year | 29 | €12,730 | - | -€12,730 | |
| Other amounts receivable | 291 | €12,730 | - | -€12,730 | |
| Stocks and contracts in progress | 3 | €98,811 | €90,756 | -€8,055 | -8.2% |
| Stocks | 30/36 | €98,811 | €90,756 | -€8,055 | -8.2% |
| Amounts receivable within one year | 40/41 | €13,815 | €13,766 | -€49 | -0.4% |
| Trade receivables | 40 | €5,111 | €13,341 | +€8,229 | +161% |
| Other amounts receivable | 41 | €8,704 | €425 | -€8,279 | -95.1% |
| Cash at bank and in hand | 54/58 | €222,778 | €194,728 | -€28,051 | -12.6% |
| Deferred charges and accrued income | 490/1 | €641 | €793 | +€151 | +23.6% |
| Total equity and liabilities | 10/49 | €357,046 | €305,096 | -€51,949 | -14.5% |
| Equity | 10/15 | €301,398 | €246,257 | -€55,141 | -18.3% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €148,299 | €118,799 | -€29,500 | -19.9% |
| Distributable reserves | 133 | €148,299 | €118,799 | -€29,500 | -19.9% |
| Profit (loss) carried forward | 14 | €125,599 | €99,958 | -€25,641 | -20.4% |
| Amounts payable | 17/49 | €55,648 | €58,839 | +€3,191 | +5.7% |
| Amounts payable within one year | 42/48 | €55,648 | €58,839 | +€3,191 | +5.7% |
| Trade debts | 44 | €20,326 | €24,763 | +€4,437 | +21.8% |
| Suppliers | 440/4 | €20,326 | €24,763 | +€4,437 | +21.8% |
| Advances received on contracts in progress | 46 | €6,185 | - | -€6,185 | |
| Taxes, remuneration and social security | 45 | €18,238 | €31,100 | +€12,862 | +70.5% |
| Taxes | 450/3 | €7,575 | €12,622 | +€5,047 | +66.6% |
| Remuneration and social security | 454/9 | €10,663 | €18,478 | +€7,815 | +73.3% |
| Other amounts payable | 47/48 | €10,899 | €2,977 | -€7,923 | -72.7% |
| Non-recurring operating income | 76A | - | €1,548 | +€1,548 | |
| Remuneration, social security and pensions | 62 | €89,494 | €84,059 | -€5,435 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,363 | €3,215 | -€148 | -4.4% |
| Other operating charges | 640/8 | €752 | €784 | +€31 | +4.2% |
| Gross operating margin | 9900 | €102,910 | €62,828 | -€40,082 | -38.9% |
| Operating profit (loss) | 9901 | €9,300 | -€25,230 | -€34,530 | |
| Financial income | 75/76B | €810 | €1,348 | +€539 | +66.5% |
| Recurring financial income | 75 | €810 | €1,348 | +€539 | +66.5% |
| Financial charges | 65/66B | €1,552 | €1,759 | +€207 | +13.4% |
| Recurring financial charges | 65 | €1,552 | €1,759 | +€207 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €8,558 | -€25,641 | -€34,199 | |
| Income taxes | 67/77 | €3,779 | - | -€3,779 | |
| Profit (loss) for the period | 9904 | €4,779 | -€25,641 | -€30,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,779 | -€25,641 | -€30,420 |
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 26 October 2026 via checked.be.