S.M. CALORITEC: what changed
S.M. CALORITEC
Largest movements
- Receivables after one year -€109,000
down €109,000 (-39.6%), from €275,000 to €166,000
- Cash +€18,424
up €18,424 (+415%), from €4,436 to €22,860
mainly Receivables after one year (+€109,000) and Net result for the year (+€44,770)
- Receivables within one year -€17,917
down €17,917 (-21.6%), from €82,770 to €64,853
of which Other amounts receivable: -€26,068
- Tangible fixed assets -€9,275
down €9,275 (-43.2%), from €21,447 to €12,173
- Other debts -€118,388
down €118,388 (-62.3%), from €190,000 to €71,612
- Reserves -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts +€28,972
up €28,972 (+99.8%), from €29,019 to €57,991
of which Taxes: +€22,973
- Trade debts -€13,777
down €13,777 (-67.7%), from €20,357 to €6,580
- Current portion of long-term debt +€8,000
new in 2025: €8,000
- Gross operating margin -€54,663
down €54,663 (-25.4%), from €215,048 to €160,385
- Taxes -€16,164
down €16,164 (-53.8%), from €30,053 to €13,889
- Staff costs +€6,909
up €6,909 (+8.3%), from €83,315 to €90,225
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €386,581 | €268,609 | -€117,972 | -30.5% |
| Fixed assets | 21/28 | €21,587 | €12,313 | -€9,275 | -43.0% |
| Tangible fixed assets | 22/27 | €21,447 | €12,173 | -€9,275 | -43.2% |
| Furniture and vehicles | 24 | €21,447 | €12,173 | -€9,275 | -43.2% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €364,994 | €256,296 | -€108,697 | -29.8% |
| Amounts receivable after more than one year | 29 | €275,000 | €166,000 | -€109,000 | -39.6% |
| Other amounts receivable | 291 | €275,000 | €166,000 | -€109,000 | -39.6% |
| Amounts receivable within one year | 40/41 | €82,770 | €64,853 | -€17,917 | -21.6% |
| Trade receivables | 40 | €45,505 | €53,656 | +€8,150 | +17.9% |
| Other amounts receivable | 41 | €37,265 | €11,197 | -€26,068 | -70.0% |
| Cash at bank and in hand | 54/58 | €4,436 | €22,860 | +€18,424 | +415% |
| Deferred charges and accrued income | 490/1 | €2,788 | €2,583 | -€204 | -7.3% |
| Total equity and liabilities | 10/49 | €386,581 | €268,609 | -€117,972 | -30.5% |
| Equity | 10/15 | €147,205 | €121,976 | -€25,230 | -17.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €30,000 | - | -€30,000 | |
| Distributable reserves | 133 | €30,000 | - | -€30,000 | |
| Profit (loss) carried forward | 14 | €112,205 | €116,976 | +€4,770 | +4.3% |
| Amounts payable | 17/49 | €239,376 | €146,633 | -€92,743 | -38.7% |
| Amounts payable within one year | 42/48 | €239,376 | €144,183 | -€95,193 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,000 | +€8,000 | |
| Trade debts | 44 | €20,357 | €6,580 | -€13,777 | -67.7% |
| Suppliers | 440/4 | €20,357 | €6,580 | -€13,777 | -67.7% |
| Taxes, remuneration and social security | 45 | €29,019 | €57,991 | +€28,972 | +99.8% |
| Taxes | 450/3 | €23,272 | €46,245 | +€22,973 | +98.7% |
| Remuneration and social security | 454/9 | €5,747 | €11,746 | +€5,999 | +104% |
| Other amounts payable | 47/48 | €190,000 | €71,612 | -€118,388 | -62.3% |
| Accrued charges and deferred income | 492/3 | - | €2,450 | +€2,450 | |
| Remuneration, social security and pensions | 62 | €83,315 | €90,225 | +€6,909 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €10,430 | +€385 | +3.8% |
| Other operating charges | 640/8 | €2,873 | €3,767 | +€894 | +31.1% |
| Gross operating margin | 9900 | €215,048 | €160,385 | -€54,663 | -25.4% |
| Operating profit (loss) | 9901 | €118,816 | €55,964 | -€62,852 | -52.9% |
| Financial income | 75/76B | €3,935 | €3,693 | -€242 | -6.2% |
| Recurring financial income | 75 | €3,935 | €3,693 | -€242 | -6.2% |
| Financial charges | 65/66B | €568 | €998 | +€430 | +75.7% |
| Recurring financial charges | 65 | €568 | €998 | +€430 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €122,183 | €58,659 | -€63,524 | -52.0% |
| Income taxes | 67/77 | €30,053 | €13,889 | -€16,164 | -53.8% |
| Profit (loss) for the period | 9904 | €92,131 | €44,770 | -€47,360 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €92,131 | €44,770 | -€47,360 | -51.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.