THOMAS CALLE: 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.
THOMAS CALLE
Largest movements
- Tangible fixed assets -€92,952
down €92,952 (-13.0%), from €715,552 to €622,601
of which Plant, machinery and equipment: -€63,281
- Cash +€36,357
up €36,357 (+39.9%), from €91,086 to €127,443
mainly Depreciation (+€92,952) and Tax, wage and social debts (+€42,355)
- Debts after one year -€92,851
down €92,851 (-83.6%), from €111,073 to €18,222
- Tax, wage and social debts +€42,355
up €42,355 (+81.4%), from €52,029 to €94,384
of which Taxes: +€22,321
- Depreciation -€20,618
down €20,618 (-18.2%), from €113,569 to €92,952
- Gross operating margin -€7,825
down €7,825 (-1.4%), from €566,062 to €558,237
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 | €1,503,789 | €1,448,518 | -€55,272 | -3.7% |
| Fixed assets | 21/28 | €716,293 | €623,342 | -€92,952 | -13.0% |
| Tangible fixed assets | 22/27 | €715,552 | €622,601 | -€92,952 | -13.0% |
| Land and buildings | 22 | €455,536 | €434,316 | -€21,220 | -4.7% |
| Plant, machinery and equipment | 23 | €238,129 | €174,848 | -€63,281 | -26.6% |
| Furniture and vehicles | 24 | €21,887 | €13,437 | -€8,451 | -38.6% |
| Financial fixed assets | 28 | €741 | €741 | = | 0.0% |
| Current assets | 29/58 | €787,496 | €825,176 | +€37,680 | +4.8% |
| Stocks and contracts in progress | 3 | €340,743 | €335,644 | -€5,099 | -1.5% |
| Stocks | 30/36 | €340,743 | €335,644 | -€5,099 | -1.5% |
| Amounts receivable within one year | 40/41 | €355,668 | €347,528 | -€8,140 | -2.3% |
| Trade receivables | 40 | €355,668 | €336,627 | -€19,040 | -5.4% |
| Other amounts receivable | 41 | €0 | €10,901 | +€10,901 | |
| Cash at bank and in hand | 54/58 | €91,086 | €127,443 | +€36,357 | +39.9% |
| Deferred charges and accrued income | 490/1 | - | €14,561 | +€14,561 | |
| Total equity and liabilities | 10/49 | €1,503,789 | €1,448,518 | -€55,272 | -3.7% |
| Equity | 10/15 | -€809 | €2,115 | +€2,924 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€10,809 | -€7,885 | +€2,924 | +27.1% |
| Amounts payable | 17/49 | €1,504,598 | €1,446,403 | -€58,196 | -3.9% |
| Amounts payable after more than one year | 17 | €111,073 | €18,222 | -€92,851 | -83.6% |
| Financial debts | 170/4 | €111,073 | €18,222 | -€92,851 | -83.6% |
| Amounts payable within one year | 42/48 | €1,393,525 | €1,428,181 | +€34,655 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €92,851 | €92,851 | -€0 | 0.0% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €547,426 | €539,123 | -€8,304 | -1.5% |
| Suppliers | 440/4 | €547,426 | €539,123 | -€8,304 | -1.5% |
| Taxes, remuneration and social security | 45 | €52,029 | €94,384 | +€42,355 | +81.4% |
| Taxes | 450/3 | €23,581 | €45,902 | +€22,321 | +94.7% |
| Remuneration and social security | 454/9 | €28,449 | €48,482 | +€20,034 | +70.4% |
| Other amounts payable | 47/48 | €501,219 | €501,823 | +€604 | +0.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €439,708 | €435,474 | -€4,234 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,569 | €92,952 | -€20,618 | -18.2% |
| Other operating charges | 640/8 | €9,337 | €5,159 | -€4,179 | -44.8% |
| Gross operating margin | 9900 | €566,062 | €558,237 | -€7,825 | -1.4% |
| Operating profit (loss) | 9901 | €3,447 | €24,653 | +€21,206 | +615% |
| Financial charges | 65/66B | €18,404 | €20,687 | +€2,283 | +12.4% |
| Recurring financial charges | 65 | €18,404 | €20,687 | +€2,283 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,957 | €3,966 | +€18,923 | |
| Income taxes | 67/77 | €0 | €1,042 | +€1,042 | |
| Profit (loss) for the period | 9904 | -€14,957 | €2,924 | +€17,881 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,957 | €2,924 | +€17,881 |
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.