CAAN: 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.
CAAN
Largest movements
- Tangible fixed assets -€42,683
down €42,683 (-3.9%), from €1.1m to €1.1m
of which Land and buildings: -€51,125
- Cash -€28,004
down €28,004 (-40.3%), from €69,424 to €41,420
mainly Contributions, distributions and other (-€150,000) and Debts after one year (-€54,415)
- Receivables within one year +€20,867
up €20,867 (+14.6%), from €142,604 to €163,470
of which Trade receivables: +€11,513
- Debts after one year -€54,415
down €54,415 (-9.0%), from €607,477 to €553,062
- Trade debts +€17,654
up €17,654 (+1225.0%), from €1,441 to €19,095
- Gross operating margin -€5,118
down €5,118 (-1.6%), from €319,508 to €314,390
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,363,752 | €1,323,931 | -€39,821 | -2.9% |
| Fixed assets | 21/28 | €1,101,724 | €1,059,041 | -€42,683 | -3.9% |
| Tangible fixed assets | 22/27 | €1,101,724 | €1,059,041 | -€42,683 | -3.9% |
| Land and buildings | 22 | €1,098,902 | €1,047,776 | -€51,125 | -4.7% |
| Plant, machinery and equipment | 23 | €1,000 | €9,788 | +€8,789 | +879.1% |
| Furniture and vehicles | 24 | €1,823 | €1,476 | -€346 | -19.0% |
| Current assets | 29/58 | €262,028 | €264,890 | +€2,862 | +1.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Other amounts receivable | 291 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €142,604 | €163,470 | +€20,867 | +14.6% |
| Trade receivables | 40 | €61,254 | €72,768 | +€11,513 | +18.8% |
| Other amounts receivable | 41 | €81,349 | €90,703 | +€9,353 | +11.5% |
| Cash at bank and in hand | 54/58 | €69,424 | €41,420 | -€28,004 | -40.3% |
| Total equity and liabilities | 10/49 | €1,363,752 | €1,323,931 | -€39,821 | -2.9% |
| Equity | 10/15 | €505,724 | €501,589 | -€4,135 | -0.8% |
| Contributions | 10/11 | €490,000 | €490,000 | = | 0.0% |
| Contributions outside capital | 11 | €490,000 | €490,000 | = | 0.0% |
| Other | 1109/19 | €490,000 | €490,000 | = | 0.0% |
| Reserves | 13 | €8,225 | €8,225 | = | 0.0% |
| Distributable reserves | 133 | €8,225 | €8,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,500 | €3,364 | -€4,135 | -55.1% |
| Amounts payable | 17/49 | €858,028 | €822,342 | -€35,686 | -4.2% |
| Amounts payable after more than one year | 17 | €607,477 | €553,062 | -€54,415 | -9.0% |
| Financial debts | 170/4 | €607,477 | €553,062 | -€54,415 | -9.0% |
| Amounts payable within one year | 42/48 | €225,249 | €240,439 | +€15,190 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €60,285 | €61,165 | +€880 | +1.5% |
| Trade debts | 44 | €1,441 | €19,095 | +€17,654 | +1225.0% |
| Suppliers | 440/4 | €1,441 | €19,095 | +€17,654 | +1225.0% |
| Taxes, remuneration and social security | 45 | €13,276 | €9,931 | -€3,345 | -25.2% |
| Taxes | 450/3 | €13,276 | €9,931 | -€3,345 | -25.2% |
| Other amounts payable | 47/48 | €150,247 | €150,247 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25,301 | €28,841 | +€3,540 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,070 | €59,984 | +€914 | +1.5% |
| Other operating charges | 640/8 | €47,110 | €48,646 | +€1,537 | +3.3% |
| Gross operating margin | 9900 | €319,508 | €314,390 | -€5,118 | -1.6% |
| Operating profit (loss) | 9901 | €213,329 | €205,760 | -€7,569 | -3.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €11,563 | €10,889 | -€674 | -5.8% |
| Recurring financial charges | 65 | €11,563 | €10,889 | -€674 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €201,768 | €194,871 | -€6,897 | -3.4% |
| Income taxes | 67/77 | €51,042 | €49,006 | -€2,035 | -4.0% |
| Profit (loss) for the period | 9904 | €150,726 | €145,865 | -€4,861 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €150,726 | €145,865 | -€4,861 | -3.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.