2CAN MORE: what changed
Two fiscal 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.
2CAN MORE
Largest movements
- Tangible fixed assets -€12,227
down €12,227 (-42.9%), from €28,475 to €16,248
of which Furniture and vehicles: -€7,454
- Receivables within one year -€1,718
down €1,718 (-29.0%), from €5,916 to €4,198
of which Trade receivables: -€3,591
- Cash -€1,628
down €1,628 (-88.9%), from €1,832 to €204
mainly Net result for the year (-€33,175) and Debts after one year (-€15,607)
- Other debts +€35,094
up €35,094 (+17.0%), from €206,607 to €241,702
- Profit (loss) carried forward -€33,175
down €33,175 (-13.0%), from -€255,806 to -€288,981
- Debts after one year -€15,607
down €15,607 (-100.0%), from €15,607 to €0
- Current portion of long-term debt -€2,398
down €2,398 (-11.7%), from €20,470 to €18,071
- Gross operating margin +€2,374
up €2,374 (+18.9%), from -€12,537 to -€10,162
- Financial charges +€975
up €975 (+10.5%), from €9,258 to €10,233
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.
Cash bridge derived
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 | €36,223 | €20,651 | -€15,573 | -43.0% |
| Fixed assets | 21/28 | €28,475 | €16,248 | -€12,227 | -42.9% |
| Tangible fixed assets | 22/27 | €28,475 | €16,248 | -€12,227 | -42.9% |
| Plant, machinery and equipment | 23 | €14,798 | €10,025 | -€4,773 | -32.3% |
| Furniture and vehicles | 24 | €13,677 | €6,223 | -€7,454 | -54.5% |
| Current assets | 29/58 | €7,748 | €4,403 | -€3,346 | -43.2% |
| Amounts receivable within one year | 40/41 | €5,916 | €4,198 | -€1,718 | -29.0% |
| Trade receivables | 40 | €3,591 | €0 | -€3,591 | -100.0% |
| Other amounts receivable | 41 | €2,325 | €4,198 | +€1,873 | +80.6% |
| Cash at bank and in hand | 54/58 | €1,832 | €204 | -€1,628 | -88.9% |
| Total equity and liabilities | 10/49 | €36,223 | €20,651 | -€15,573 | -43.0% |
| Equity | 10/15 | -€231,528 | -€264,703 | -€33,175 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,678 | €5,678 | = | 0.0% |
| Non-distributable reserves | 130/1 | €992 | €992 | = | 0.0% |
| Reserves not available under the articles | 1311 | €992 | €992 | = | 0.0% |
| Distributable reserves | 133 | €4,686 | €4,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,806 | -€288,981 | -€33,175 | -13.0% |
| Amounts payable | 17/49 | €267,752 | €285,354 | +€17,602 | +6.6% |
| Amounts payable after more than one year | 17 | €15,607 | €0 | -€15,607 | -100.0% |
| Financial debts | 170/4 | €15,607 | €0 | -€15,607 | -100.0% |
| Amounts payable within one year | 42/48 | €252,144 | €285,354 | +€33,209 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €20,470 | €18,071 | -€2,398 | -11.7% |
| Financial debts | 43 | €24,615 | €24,888 | +€273 | +1.1% |
| Credit institutions | 430/8 | €24,615 | €24,888 | +€273 | +1.1% |
| Trade debts | 44 | €387 | €628 | +€241 | +62.2% |
| Suppliers | 440/4 | €387 | €628 | +€241 | +62.2% |
| Taxes, remuneration and social security | 45 | €65 | €65 | = | 0.0% |
| Taxes | 450/3 | €65 | €65 | = | 0.0% |
| Other amounts payable | 47/48 | €206,607 | €241,702 | +€35,094 | +17.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,227 | €12,227 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €552 | +€25 | +4.7% |
| Gross operating margin | 9900 | -€12,537 | -€10,162 | +€2,374 | +18.9% |
| Operating profit (loss) | 9901 | -€25,292 | -€22,942 | +€2,350 | +9.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,258 | €10,233 | +€975 | +10.5% |
| Recurring financial charges | 65 | €9,258 | €10,233 | +€975 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,549 | -€33,175 | +€1,375 | +4.0% |
| Profit (loss) for the period | 9904 | -€34,549 | -€33,175 | +€1,375 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,549 | -€33,175 | +€1,375 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.