PATRICK CALLAERT: what changed
Two fiscal 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.
PATRICK CALLAERT
Largest movements
- Cash +€32,003
up €32,003 (+21.2%), from €151,267 to €183,270
mainly Net result for the year (+€27,725) and Other debts (+€16,646)
- Tangible fixed assets -€10,440
down €10,440 (-56.7%), from €18,411 to €7,970
of which Plant, machinery and equipment: -€9,054
- Other debts +€16,646
up €16,646 (+494.2%), from €3,368 to €20,015
- Reserves +€6,262
up €6,262 (+4.0%), from €158,332 to €164,594
- Depreciation -€1,625
down €1,625 (-13.5%), from €12,065 to €10,440
- Gross operating margin +€1,158
up €1,158 (+2.3%), from €49,383 to €50,541
- Taxes +€774
up €774 (+7.3%), from €10,669 to €11,442
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.
Cash bridge derived
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 | €169,786 | €191,352 | +€21,566 | +12.7% |
| Fixed assets | 21/28 | €18,411 | €7,970 | -€10,440 | -56.7% |
| Tangible fixed assets | 22/27 | €18,411 | €7,970 | -€10,440 | -56.7% |
| Plant, machinery and equipment | 23 | €15,482 | €6,428 | -€9,054 | -58.5% |
| Furniture and vehicles | 24 | €2,499 | €1,542 | -€957 | -38.3% |
| Other tangible fixed assets | 26 | €430 | - | -€430 | |
| Current assets | 29/58 | €151,375 | €183,382 | +€32,007 | +21.1% |
| Cash at bank and in hand | 54/58 | €151,267 | €183,270 | +€32,003 | +21.2% |
| Deferred charges and accrued income | 490/1 | €108 | €112 | +€4 | +3.5% |
| Total equity and liabilities | 10/49 | €169,786 | €191,352 | +€21,566 | +12.7% |
| Equity | 10/15 | €158,332 | €164,594 | +€6,262 | +4.0% |
| Reserves | 13 | €158,332 | €164,594 | +€6,262 | +4.0% |
| Distributable reserves | 133 | €158,332 | €164,594 | +€6,262 | +4.0% |
| Amounts payable | 17/49 | €11,454 | €26,758 | +€15,304 | +133.6% |
| Amounts payable within one year | 42/48 | €11,454 | €26,758 | +€15,304 | +133.6% |
| Trade debts | 44 | €181 | €35 | -€146 | -80.6% |
| Suppliers | 440/4 | €181 | €35 | -€146 | -80.6% |
| Taxes, remuneration and social security | 45 | €7,905 | €6,708 | -€1,196 | -15.1% |
| Taxes | 450/3 | €5,925 | €6,708 | +€783 | +13.2% |
| Remuneration and social security | 454/9 | €1,979 | - | -€1,979 | |
| Other amounts payable | 47/48 | €3,368 | €20,015 | +€16,646 | +494.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,065 | €10,440 | -€1,625 | -13.5% |
| Other operating charges | 640/8 | €1,189 | €1,226 | +€37 | +3.1% |
| Gross operating margin | 9900 | €49,383 | €50,541 | +€1,158 | +2.3% |
| Operating profit (loss) | 9901 | €36,129 | €38,874 | +€2,746 | +7.6% |
| Financial income | 75/76B | €923 | €613 | -€310 | -33.6% |
| Recurring financial income | 75 | €923 | €613 | -€310 | -33.6% |
| Financial charges | 65/66B | €323 | €319 | -€3 | -1.0% |
| Recurring financial charges | 65 | €323 | €319 | -€3 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €36,729 | €39,168 | +€2,438 | +6.6% |
| Income taxes | 67/77 | €10,669 | €11,442 | +€774 | +7.3% |
| Profit (loss) for the period | 9904 | €26,061 | €27,725 | +€1,665 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,061 | €27,725 | +€1,665 | +6.4% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.