LAURENT CALDERARA: 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.
LAURENT CALDERARA
Largest movements
- Cash +€34,353
up €34,353 (+143%), from €24,035 to €58,389
mainly Net result for the year (+€19,696) and Receivables within one year (+€11,668)
- Receivables within one year -€11,668
down €11,668 (-30.0%), from €38,958 to €27,290
- Reserves +€19,696
up €19,696 (+46.3%), from €42,530 to €62,226
of which Distributable reserves: +€19,696
- Trade debts +€2,802
up €2,802 (+164%), from €1,705 to €4,507
- Current portion of long-term debt -€1,392
down €1,392 (-100%), from €1,392 to €0
- Tax, wage and social debts +€1,350
new in 2025: €1,350
- Gross operating margin -€1,508
down €1,508 (-5.1%), from €29,795 to €28,287
- Taxes -€641
down €641 (-6.4%), from €9,991 to €9,350
- Financial income -€486
down €486 (-21.8%), from €2,235 to €1,749
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 | €64,219 | €86,675 | +€22,456 | +35.0% |
| Fixed assets | 21/28 | €276 | €36 | -€240 | -86.8% |
| Tangible fixed assets | 22/27 | €276 | €36 | -€240 | -86.8% |
| Plant, machinery and equipment | 23 | €52 | €0 | -€52 | -100% |
| Furniture and vehicles | 24 | €224 | €36 | -€188 | -83.8% |
| Current assets | 29/58 | €63,943 | €86,639 | +€22,695 | +35.5% |
| Amounts receivable within one year | 40/41 | €38,958 | €27,290 | -€11,668 | -30.0% |
| Other amounts receivable | 41 | €38,958 | €27,290 | -€11,668 | -30.0% |
| Cash at bank and in hand | 54/58 | €24,035 | €58,389 | +€34,353 | +143% |
| Deferred charges and accrued income | 490/1 | €950 | €961 | +€10 | +1.1% |
| Total equity and liabilities | 10/49 | €64,219 | €86,675 | +€22,456 | +35.0% |
| Equity | 10/15 | €61,122 | €80,818 | +€19,696 | +32.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €42,530 | €62,226 | +€19,696 | +46.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €40,671 | €60,367 | +€19,696 | +48.4% |
| Amounts payable | 17/49 | €3,097 | €5,857 | +€2,759 | +89.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €3,097 | €5,857 | +€2,759 | +89.1% |
| Current portion of amounts payable after more than one year | 42 | €1,392 | €0 | -€1,392 | -100% |
| Trade debts | 44 | €1,705 | €4,507 | +€2,802 | +164% |
| Suppliers | 440/4 | €1,705 | €4,507 | +€2,802 | +164% |
| Taxes, remuneration and social security | 45 | - | €1,350 | +€1,350 | |
| Taxes | 450/3 | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €240 | -€61 | -20.3% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €29,795 | €28,287 | -€1,508 | -5.1% |
| Operating profit (loss) | 9901 | €29,044 | €27,648 | -€1,396 | -4.8% |
| Financial income | 75/76B | €2,235 | €1,749 | -€486 | -21.8% |
| Recurring financial income | 75 | €2,235 | €1,749 | -€486 | -21.8% |
| Financial charges | 65/66B | €440 | €350 | -€90 | -20.5% |
| Recurring financial charges | 65 | €440 | €350 | -€90 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €30,838 | €29,047 | -€1,792 | -5.8% |
| Income taxes | 67/77 | €9,991 | €9,350 | -€641 | -6.4% |
| Profit (loss) for the period | 9904 | €20,847 | €19,696 | -€1,151 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,847 | €19,696 | -€1,151 | -5.5% |
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 30 October 2026 via checked.be.