CAN INFRA: 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.
CAN INFRA
Largest movements
- Receivables within one year +€23,505
up €23,505 (+47.3%), from €49,722 to €73,227
of which Trade receivables: +€23,771
- Cash +€13,974
up €13,974 (+212%), from €6,592 to €20,566
mainly Depreciation (+€40,946) and Other debts (+€16,250)
- Tangible fixed assets -€12,544
down €12,544 (-9.8%), from €128,280 to €115,736
of which Furniture and vehicles: -€42,367
- Deferred charges and accrued income +€6,636
up €6,636 (+775%), from €856 to €7,492
- Stocks and contracts -€6,041
down €6,041 (-17.6%), from €34,251 to €28,210
- Other debts +€16,250
up €16,250 (+12.9%), from €126,361 to €142,611
- Debts after one year +€5,593
up €5,593 (+14.0%), from €39,969 to €45,562
- Tax, wage and social debts +€2,821
up €2,821 (+38.3%), from €7,371 to €10,192
of which Taxes: +€2,821
- Gross operating margin +€94,852
up €94,852, from -€2,344 to €92,507
- Financial charges +€33,142
up €33,142 (+384%), from €8,621 to €41,763
of which Non-recurring financial charges: +€36,495
- Staff costs +€6,878
new in 2025: €6,878
- Depreciation -€6,567
down €6,567 (-13.8%), from €47,512 to €40,946
- Financial income +€1,391
up €1,391 (+125%), from €1,118 to €2,509
of which Non-recurring financial income: +€1,362
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 | €222,377 | €247,906 | +€25,530 | +11.5% |
| Fixed assets | 21/28 | €130,955 | €118,411 | -€12,544 | -9.6% |
| Tangible fixed assets | 22/27 | €128,280 | €115,736 | -€12,544 | -9.8% |
| Land and buildings | 22 | €32,248 | €19,030 | -€13,219 | -41.0% |
| Plant, machinery and equipment | 23 | €40,790 | €23,065 | -€17,725 | -43.5% |
| Furniture and vehicles | 24 | €55,242 | €12,875 | -€42,367 | -76.7% |
| Leasing and similar rights | 25 | - | €60,766 | +€60,766 | |
| Financial fixed assets | 28 | €2,675 | €2,675 | = | 0.0% |
| Current assets | 29/58 | €91,422 | €129,496 | +€38,074 | +41.6% |
| Stocks and contracts in progress | 3 | €34,251 | €28,210 | -€6,041 | -17.6% |
| Stocks | 30/36 | €34,251 | €28,210 | -€6,041 | -17.6% |
| Amounts receivable within one year | 40/41 | €49,722 | €73,227 | +€23,505 | +47.3% |
| Trade receivables | 40 | €38,990 | €62,761 | +€23,771 | +61.0% |
| Other amounts receivable | 41 | €10,732 | €10,466 | -€266 | -2.5% |
| Cash at bank and in hand | 54/58 | €6,592 | €20,566 | +€13,974 | +212% |
| Deferred charges and accrued income | 490/1 | €856 | €7,492 | +€6,636 | +775% |
| Total equity and liabilities | 10/49 | €222,377 | €247,906 | +€25,530 | +11.5% |
| Equity | 10/15 | €2,117 | €1,384 | -€733 | -34.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €95,852 | €95,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €93,997 | €93,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,858 | -€114,486 | +€372 | +0.3% |
| Investment grants | 15 | €2,573 | €1,467 | -€1,105 | -43.0% |
| Amounts payable | 17/49 | €220,260 | €246,523 | +€26,263 | +11.9% |
| Amounts payable after more than one year | 17 | €39,969 | €45,562 | +€5,593 | +14.0% |
| Financial debts | 170/4 | €39,969 | €45,562 | +€5,593 | +14.0% |
| Amounts payable within one year | 42/48 | €180,069 | €200,863 | +€20,793 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €34,035 | €33,777 | -€258 | -0.8% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €12,301 | €14,282 | +€1,981 | +16.1% |
| Suppliers | 440/4 | €12,301 | €14,282 | +€1,981 | +16.1% |
| Taxes, remuneration and social security | 45 | €7,371 | €10,192 | +€2,821 | +38.3% |
| Taxes | 450/3 | €7,371 | €10,192 | +€2,821 | +38.3% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €126,361 | €142,611 | +€16,250 | +12.9% |
| Accrued charges and deferred income | 492/3 | €222 | €99 | -€123 | -55.5% |
| Remuneration, social security and pensions | 62 | - | €6,878 | +€6,878 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,512 | €40,946 | -€6,567 | -13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €940 | - | -€940 | |
| Other operating charges | 640/8 | €5,059 | €4,532 | -€527 | -10.4% |
| Gross operating margin | 9900 | -€2,344 | €92,507 | +€94,852 | |
| Operating profit (loss) | 9901 | -€55,855 | €40,153 | +€96,008 | |
| Financial income | 75/76B | €1,118 | €2,509 | +€1,391 | +125% |
| Recurring financial income | 75 | €1,118 | €1,147 | +€30 | +2.7% |
| Non-recurring financial income | 76B | - | €1,362 | +€1,362 | |
| Financial charges | 65/66B | €8,621 | €41,763 | +€33,142 | +384% |
| Recurring financial charges | 65 | €8,551 | €5,197 | -€3,354 | -39.2% |
| Non-recurring financial charges | 66B | €70 | €36,565 | +€36,495 | +52,136% |
| Profit (loss) for the period before taxes | 9903 | -€63,359 | €899 | +€64,258 | |
| Income taxes | 67/77 | €665 | €527 | -€138 | -20.8% |
| Profit (loss) for the period | 9904 | -€64,024 | €372 | +€64,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,024 | €372 | +€64,396 |
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 23 October 2026 via checked.be.