CAN: 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.
CAN
Largest movements
- Stocks and contracts +€38,817
up €38,817 (+126.9%), from €30,580 to €69,397
- Receivables after one year -€29,867
no longer reported in 2025 (was €29,867)
- Receivables within one year +€14,295
up €14,295 (+10.5%), from €136,754 to €151,049
of which Trade receivables: +€18,596
- Cash +€13,557
up €13,557 (+1357.2%), from €999 to €14,556
mainly Trade debts (+€59,718) and Receivables after one year (+€29,867)
- Deferred charges and accrued income +€6,182
new in 2025: €6,182
- Trade debts +€59,718
up €59,718 (+113.0%), from €52,866 to €112,584
- Reserves -€21,123
down €21,123 (-17.6%), from €119,817 to €98,694
- Current portion of long-term debt -€6,460
no longer reported in 2025 (was €6,460)
- Short-term financial debts +€5,783
up €5,783 (+11.7%), from €49,362 to €55,144
of which Other loans: +€5,864
- Staff costs +€28,363
up €28,363 (+38.9%), from €72,923 to €101,286
- Taxes +€3,313
up €3,313 (+33.1%), from €10,000 to €13,313
- Gross operating margin +€2,147
up €2,147 (+1.9%), from €110,655 to €112,802
- Financial charges -€1,680
down €1,680 (-16.0%), from €10,479 to €8,799
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 | €237,461 | €275,151 | +€37,690 | +15.9% |
| Fixed assets | 21/28 | €39,260 | €33,967 | -€5,293 | -13.5% |
| Tangible fixed assets | 22/27 | €39,260 | €33,967 | -€5,293 | -13.5% |
| Land and buildings | 22 | €13,551 | €11,742 | -€1,809 | -13.4% |
| Plant, machinery and equipment | 23 | €9,154 | €5,621 | -€3,533 | -38.6% |
| Furniture and vehicles | 24 | €16,555 | €10,336 | -€6,219 | -37.6% |
| Other tangible fixed assets | 26 | - | €6,268 | +€6,268 | |
| Current assets | 29/58 | €198,201 | €241,184 | +€42,984 | +21.7% |
| Amounts receivable after more than one year | 29 | €29,867 | - | -€29,867 | |
| Trade receivables | 290 | €29,867 | - | -€29,867 | |
| Stocks and contracts in progress | 3 | €30,580 | €69,397 | +€38,817 | +126.9% |
| Stocks | 30/36 | €30,580 | €69,397 | +€38,817 | +126.9% |
| Amounts receivable within one year | 40/41 | €136,754 | €151,049 | +€14,295 | +10.5% |
| Trade receivables | 40 | €104,529 | €123,126 | +€18,596 | +17.8% |
| Other amounts receivable | 41 | €32,225 | €27,923 | -€4,302 | -13.3% |
| Cash at bank and in hand | 54/58 | €999 | €14,556 | +€13,557 | +1357.2% |
| Deferred charges and accrued income | 490/1 | - | €6,182 | +€6,182 | |
| Total equity and liabilities | 10/49 | €237,461 | €275,151 | +€37,690 | +15.9% |
| Equity | 10/15 | €124,817 | €103,694 | -€21,123 | -16.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,817 | €98,694 | -€21,123 | -17.6% |
| Distributable reserves | 133 | €119,817 | €98,694 | -€21,123 | -17.6% |
| Amounts payable | 17/49 | €112,644 | €171,458 | +€58,814 | +52.2% |
| Amounts payable within one year | 42/48 | €112,644 | €171,458 | +€58,814 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €6,460 | - | -€6,460 | |
| Financial debts | 43 | €49,362 | €55,144 | +€5,783 | +11.7% |
| Credit institutions | 430/8 | €49,362 | €49,280 | -€81 | -0.2% |
| Other loans | 439 | - | €5,864 | +€5,864 | |
| Trade debts | 44 | €52,866 | €112,584 | +€59,718 | +113.0% |
| Suppliers | 440/4 | €52,866 | €112,584 | +€59,718 | +113.0% |
| Taxes, remuneration and social security | 45 | €3,931 | €3,654 | -€277 | -7.0% |
| Taxes | 450/3 | €2,511 | - | -€2,511 | |
| Remuneration and social security | 454/9 | €1,421 | €3,654 | +€2,233 | +157.2% |
| Other amounts payable | 47/48 | €25 | €75 | +€50 | +200.0% |
| Remuneration, social security and pensions | 62 | €72,923 | €101,286 | +€28,363 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,011 | €8,434 | +€422 | +5.3% |
| Other operating charges | 640/8 | €3,123 | €3,035 | -€88 | -2.8% |
| Gross operating margin | 9900 | €110,655 | €112,802 | +€2,147 | +1.9% |
| Operating profit (loss) | 9901 | €26,597 | €47 | -€26,551 | -99.8% |
| Financial income | 75/76B | €580 | €942 | +€362 | +62.4% |
| Recurring financial income | 75 | €580 | €942 | +€362 | +62.4% |
| Financial charges | 65/66B | €10,479 | €8,799 | -€1,680 | -16.0% |
| Recurring financial charges | 65 | €10,479 | €8,799 | -€1,680 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €16,698 | -€7,811 | -€24,509 | |
| Income taxes | 67/77 | €10,000 | €13,313 | +€3,313 | +33.1% |
| Profit (loss) for the period | 9904 | €6,698 | -€21,123 | -€27,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,698 | -€21,123 | -€27,821 |
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 5 October 2026 via checked.be.