VAN CALSTER: 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.
VAN CALSTER
Largest movements
- Receivables within one year +€17,797
up €17,797 (+12.2%), from €145,878 to €163,675
of which Trade receivables: +€23,631
- Cash +€17,576
up €17,576 (+34.6%), from €50,808 to €68,384
mainly Trade debts (+€44,345) and Net result for the year (+€21,340)
- Stocks and contracts +€17,469
up €17,469 (+466%), from €3,749 to €21,218
- Tangible fixed assets -€3,162
down €3,162 (-29.0%), from €10,900 to €7,738
- Trade debts +€44,345
up €44,345 (+78.7%), from €56,324 to €100,669
- Tax, wage and social debts +€5,086
up €5,086 (+219%), from €2,323 to €7,409
of which Taxes: +€7,170
- Reserves -€3,924
down €3,924 (-3.0%), from €131,081 to €127,157
- Gross operating margin +€13,651
up €13,651 (+22.0%), from €61,941 to €75,592
- Depreciation -€7,488
down €7,488 (-70.3%), from €10,649 to €3,162
- Taxes +€7,391
up €7,391 (+141%), from €5,239 to €12,630
- Staff costs +€1,755
up €1,755 (+5.2%), from €33,679 to €35,434
- Financial income +€891
up €891 (+15,229%), from €6 to €897
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 | €218,841 | €266,871 | +€48,030 | +21.9% |
| Fixed assets | 21/28 | €10,900 | €7,738 | -€3,162 | -29.0% |
| Tangible fixed assets | 22/27 | €10,900 | €7,738 | -€3,162 | -29.0% |
| Plant, machinery and equipment | 23 | €10,900 | €7,738 | -€3,162 | -29.0% |
| Current assets | 29/58 | €207,942 | €259,133 | +€51,191 | +24.6% |
| Stocks and contracts in progress | 3 | €3,749 | €21,218 | +€17,469 | +466% |
| Stocks | 30/36 | €3,749 | €21,218 | +€17,469 | +466% |
| Amounts receivable within one year | 40/41 | €145,878 | €163,675 | +€17,797 | +12.2% |
| Trade receivables | 40 | €93,157 | €116,788 | +€23,631 | +25.4% |
| Other amounts receivable | 41 | €52,721 | €46,887 | -€5,834 | -11.1% |
| Cash at bank and in hand | 54/58 | €50,808 | €68,384 | +€17,576 | +34.6% |
| Deferred charges and accrued income | 490/1 | €7,507 | €5,856 | -€1,651 | -22.0% |
| Total equity and liabilities | 10/49 | €218,841 | €266,871 | +€48,030 | +21.9% |
| Equity | 10/15 | €155,870 | €151,946 | -€3,924 | -2.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €131,081 | €127,157 | -€3,924 | -3.0% |
| Distributable reserves | 133 | €131,081 | €127,157 | -€3,924 | -3.0% |
| Amounts payable | 17/49 | €62,971 | €114,925 | +€51,954 | +82.5% |
| Amounts payable within one year | 42/48 | €62,971 | €112,381 | +€49,410 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €4,325 | €4,303 | -€21 | -0.5% |
| Trade debts | 44 | €56,324 | €100,669 | +€44,345 | +78.7% |
| Suppliers | 440/4 | €56,324 | €100,669 | +€44,345 | +78.7% |
| Taxes, remuneration and social security | 45 | €2,323 | €7,409 | +€5,086 | +219% |
| Taxes | 450/3 | €239 | €7,409 | +€7,170 | +2,994% |
| Remuneration and social security | 454/9 | €2,083 | - | -€2,083 | |
| Accrued charges and deferred income | 492/3 | - | €2,544 | +€2,544 | |
| Remuneration, social security and pensions | 62 | €33,679 | €35,434 | +€1,755 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,649 | €3,162 | -€7,488 | -70.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €443 | +€443 | |
| Other operating charges | 640/8 | €2,218 | €1,529 | -€689 | -31.1% |
| Gross operating margin | 9900 | €61,941 | €75,592 | +€13,651 | +22.0% |
| Operating profit (loss) | 9901 | €15,395 | €35,025 | +€19,630 | +128% |
| Financial income | 75/76B | €6 | €897 | +€891 | +15,229% |
| Recurring financial income | 75 | €6 | €897 | +€891 | +15,229% |
| Financial charges | 65/66B | €1,569 | €1,952 | +€383 | +24.4% |
| Recurring financial charges | 65 | €1,569 | €1,952 | +€383 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €13,832 | €33,970 | +€20,138 | +146% |
| Income taxes | 67/77 | €5,239 | €12,630 | +€7,391 | +141% |
| Profit (loss) for the period | 9904 | €8,593 | €21,340 | +€12,747 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €8,593 | €21,340 | +€12,747 | +148% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.