Sa Calobra: 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.
Sa Calobra
Largest movements
- Cash +€14,981
up €14,981 (+192%), from €7,814 to €22,795
mainly Net result for the year (+€33,822) and Depreciation (+€9,605)
- Current investments +€12,592
new in 2025: €12,592
- Tangible fixed assets -€9,421
down €9,421 (-32.0%), from €29,411 to €19,990
- Receivables within one year +€1,053
up €1,053 (+3.2%), from €33,153 to €34,206
of which Trade receivables: +€1,053
- Reserves +€33,822
up €33,822 (+230%), from €14,720 to €48,542
- Debts after one year -€9,557
down €9,557 (-47.1%), from €20,308 to €10,751
- Tax, wage and social debts +€8,512
up €8,512 (+115%), from €7,402 to €15,914
of which Taxes: +€10,512
- Trade debts -€7,663
down €7,663 (-83.8%), from €9,145 to €1,482
- Other debts -€5,887
down €5,887 (-90.4%), from €6,510 to €623
- Gross operating margin +€24,816
up €24,816 (+76.0%), from €32,672 to €57,488
- Taxes +€5,823
up €5,823 (+124%), from €4,693 to €10,516
- Financial charges -€669
down €669 (-33.4%), from €2,005 to €1,335
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 | €70,726 | €90,003 | +€19,278 | +27.3% |
| Formation expenses | 20 | €183 | €0 | -€183 | -100% |
| Fixed assets | 21/28 | €29,411 | €19,990 | -€9,421 | -32.0% |
| Tangible fixed assets | 22/27 | €29,411 | €19,990 | -€9,421 | -32.0% |
| Leasing and similar rights | 25 | €29,411 | €19,990 | -€9,421 | -32.0% |
| Current assets | 29/58 | €41,132 | €70,014 | +€28,882 | +70.2% |
| Amounts receivable within one year | 40/41 | €33,153 | €34,206 | +€1,053 | +3.2% |
| Trade receivables | 40 | €32,753 | €33,806 | +€1,053 | +3.2% |
| Other amounts receivable | 41 | €400 | €400 | = | 0.0% |
| Current investments | 50/53 | - | €12,592 | +€12,592 | |
| Cash at bank and in hand | 54/58 | €7,814 | €22,795 | +€14,981 | +192% |
| Deferred charges and accrued income | 490/1 | €165 | €422 | +€257 | +156% |
| Total equity and liabilities | 10/49 | €70,726 | €90,003 | +€19,278 | +27.3% |
| Equity | 10/15 | €17,720 | €51,542 | +€33,822 | +191% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,720 | €48,542 | +€33,822 | +230% |
| Distributable reserves | 133 | €14,720 | €48,542 | +€33,822 | +230% |
| Amounts payable | 17/49 | €53,006 | €38,461 | -€14,545 | -27.4% |
| Amounts payable after more than one year | 17 | €20,308 | €10,751 | -€9,557 | -47.1% |
| Financial debts | 170/4 | €20,308 | €10,751 | -€9,557 | -47.1% |
| Amounts payable within one year | 42/48 | €32,275 | €27,577 | -€4,698 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €9,217 | €9,557 | +€340 | +3.7% |
| Trade debts | 44 | €9,145 | €1,482 | -€7,663 | -83.8% |
| Suppliers | 440/4 | €9,145 | €1,482 | -€7,663 | -83.8% |
| Taxes, remuneration and social security | 45 | €7,402 | €15,914 | +€8,512 | +115% |
| Taxes | 450/3 | €5,402 | €15,914 | +€10,512 | +195% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €6,510 | €623 | -€5,887 | -90.4% |
| Accrued charges and deferred income | 492/3 | €424 | €133 | -€290 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,191 | €9,605 | +€414 | +4.5% |
| Other operating charges | 640/8 | €2,064 | €2,210 | +€146 | +7.1% |
| Gross operating margin | 9900 | €32,672 | €57,488 | +€24,816 | +76.0% |
| Operating profit (loss) | 9901 | €21,417 | €45,674 | +€24,256 | +113% |
| Financial charges | 65/66B | €2,005 | €1,335 | -€669 | -33.4% |
| Recurring financial charges | 65 | €2,005 | €1,335 | -€669 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €19,413 | €44,339 | +€24,926 | +128% |
| Income taxes | 67/77 | €4,693 | €10,516 | +€5,823 | +124% |
| Profit (loss) for the period | 9904 | €14,720 | €33,822 | +€19,102 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €14,720 | €33,822 | +€19,102 | +130% |
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 21 October 2026 via checked.be.