STEVEN CALLENS: 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.
STEVEN CALLENS
Largest movements
- Tangible fixed assets -€50,039
down €50,039 (-7.7%), from €647,707 to €597,669
of which Land and buildings: -€56,152
- Cash +€26,157
up €26,157 (+47.6%), from €54,997 to €81,154
mainly Depreciation (+€64,623) and Net result for the year (+€37,675)
- Receivables within one year -€11,624
down €11,624 (-22.9%), from €50,857 to €39,233
of which Trade receivables: -€37,360
- Debts after one year -€53,053
down €53,053 (-19.0%), from €279,547 to €226,494
- Other debts +€36,000
up €36,000 (+225%), from €16,000 to €52,000
- Reserves -€15,000
down €15,000 (-3.6%), from €420,360 to €405,360
- Tax, wage and social debts -€9,295
down €9,295 (-48.5%), from €19,172 to €9,876
- Gross operating margin -€20,132
down €20,132 (-13.6%), from €148,111 to €127,980
- Depreciation -€6,846
down €6,846 (-9.6%), from €71,469 to €64,623
- Taxes -€6,071
down €6,071 (-33.9%), from €17,887 to €11,816
- Other operating charges +€3,190
up €3,190 (+126%), from €2,533 to €5,723
- Financial charges -€1,488
down €1,488 (-13.6%), from €10,940 to €9,452
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 | €844,169 | €811,515 | -€32,654 | -3.9% |
| Fixed assets | 21/28 | €737,707 | €687,669 | -€50,039 | -6.8% |
| Tangible fixed assets | 22/27 | €647,707 | €597,669 | -€50,039 | -7.7% |
| Land and buildings | 22 | €639,235 | €583,082 | -€56,152 | -8.8% |
| Plant, machinery and equipment | 23 | €4,262 | €3,354 | -€908 | -21.3% |
| Furniture and vehicles | 24 | €4,210 | €11,232 | +€7,022 | +167% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €106,462 | €123,846 | +€17,384 | +16.3% |
| Amounts receivable within one year | 40/41 | €50,857 | €39,233 | -€11,624 | -22.9% |
| Trade receivables | 40 | €37,360 | €0 | -€37,360 | -100% |
| Other amounts receivable | 41 | €13,497 | €39,233 | +€25,736 | +191% |
| Cash at bank and in hand | 54/58 | €54,997 | €81,154 | +€26,157 | +47.6% |
| Deferred charges and accrued income | 490/1 | €608 | €3,459 | +€2,851 | +469% |
| Total equity and liabilities | 10/49 | €844,169 | €811,515 | -€32,654 | -3.9% |
| Equity | 10/15 | €475,893 | €461,567 | -€14,325 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420,360 | €405,360 | -€15,000 | -3.6% |
| Distributable reserves | 133 | €420,360 | €405,360 | -€15,000 | -3.6% |
| Profit (loss) carried forward | 14 | €36,933 | €37,607 | +€675 | +1.8% |
| Amounts payable | 17/49 | €368,277 | €349,948 | -€18,329 | -5.0% |
| Amounts payable after more than one year | 17 | €279,547 | €226,494 | -€53,053 | -19.0% |
| Financial debts | 170/4 | €279,547 | €226,494 | -€53,053 | -19.0% |
| Amounts payable within one year | 42/48 | €88,730 | €123,454 | +€34,724 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €51,292 | €53,053 | +€1,761 | +3.4% |
| Trade debts | 44 | €2,266 | €8,525 | +€6,259 | +276% |
| Suppliers | 440/4 | €2,266 | €8,525 | +€6,259 | +276% |
| Taxes, remuneration and social security | 45 | €19,172 | €9,876 | -€9,295 | -48.5% |
| Taxes | 450/3 | €19,172 | €9,876 | -€9,295 | -48.5% |
| Other amounts payable | 47/48 | €16,000 | €52,000 | +€36,000 | +225% |
| Non-recurring operating income | 76A | - | €15,771 | +€15,771 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,469 | €64,623 | -€6,846 | -9.6% |
| Other operating charges | 640/8 | €2,533 | €5,723 | +€3,190 | +126% |
| Gross operating margin | 9900 | €148,111 | €127,980 | -€20,132 | -13.6% |
| Operating profit (loss) | 9901 | €74,110 | €57,634 | -€16,476 | -22.2% |
| Financial income | 75/76B | €0 | €1,309 | +€1,309 | |
| Recurring financial income | 75 | €0 | €1,309 | +€1,309 | |
| Financial charges | 65/66B | €10,940 | €9,452 | -€1,488 | -13.6% |
| Recurring financial charges | 65 | €10,940 | €9,452 | -€1,488 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €63,170 | €49,490 | -€13,679 | -21.7% |
| Income taxes | 67/77 | €17,887 | €11,816 | -€6,071 | -33.9% |
| Profit (loss) for the period | 9904 | €45,283 | €37,675 | -€7,608 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,283 | €37,675 | -€7,608 | -16.8% |
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 19 October 2026 via checked.be.