CANAL 13: 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.
CANAL 13
Largest movements
- Stocks and contracts -€53,257
down €53,257 (-28.8%), from €185,071 to €131,814
- Cash +€33,367
up €33,367 (+32.1%), from €103,788 to €137,156
mainly Stocks and contracts (+€53,257) and Net result for the year (+€41,053)
- Tangible fixed assets -€24,582
down €24,582 (-5.0%), from €495,319 to €470,737
of which Furniture and vehicles: -€17,792
- Other debts -€77,580
down €77,580 (-16.9%), from €458,972 to €381,393
- Profit (loss) carried forward +€41,053
up €41,053 (+23.3%), from €175,938 to €216,991
- Tax, wage and social debts -€8,917
down €8,917 (-56.0%), from €15,927 to €7,010
of which Taxes: -€8,917
- Write-downs -€53,875
new in 2025: -€53,875
- Gross operating margin -€40,840
down €40,840 (-56.0%), from €72,938 to €32,098
- Taxes +€5,910
up €5,910 (+69.5%), from €8,502 to €14,412
- Depreciation -€2,700
down €2,700 (-8.6%), from €31,292 to €28,592
- Financial charges -€1,722
down €1,722 (-94.1%), from €1,830 to €108
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 | €791,007 | €743,137 | -€47,870 | -6.1% |
| Fixed assets | 21/28 | €495,379 | €470,737 | -€24,642 | -5.0% |
| Tangible fixed assets | 22/27 | €495,319 | €470,737 | -€24,582 | -5.0% |
| Land and buildings | 22 | €429,953 | €423,163 | -€6,791 | -1.6% |
| Furniture and vehicles | 24 | €65,366 | €47,574 | -€17,792 | -27.2% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100% |
| Current assets | 29/58 | €295,628 | €272,400 | -€23,228 | -7.9% |
| Stocks and contracts in progress | 3 | €185,071 | €131,814 | -€53,257 | -28.8% |
| Stocks | 30/36 | €185,071 | €131,814 | -€53,257 | -28.8% |
| Amounts receivable within one year | 40/41 | €4,014 | €1,588 | -€2,426 | -60.4% |
| Trade receivables | 40 | €1,514 | €0 | -€1,514 | -100% |
| Other amounts receivable | 41 | €2,500 | €1,588 | -€912 | -36.5% |
| Cash at bank and in hand | 54/58 | €103,788 | €137,156 | +€33,367 | +32.1% |
| Deferred charges and accrued income | 490/1 | €2,755 | €1,842 | -€912 | -33.1% |
| Total equity and liabilities | 10/49 | €791,007 | €743,137 | -€47,870 | -6.1% |
| Equity | 10/15 | €313,438 | €354,491 | +€41,053 | +13.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,938 | €216,991 | +€41,053 | +23.3% |
| Amounts payable | 17/49 | €477,569 | €388,647 | -€88,923 | -18.6% |
| Amounts payable within one year | 42/48 | €477,569 | €388,647 | -€88,923 | -18.6% |
| Trade debts | 44 | €87 | €244 | +€157 | +179% |
| Suppliers | 440/4 | €87 | €244 | +€157 | +179% |
| Advances received on contracts in progress | 46 | €2,583 | €0 | -€2,583 | -100% |
| Taxes, remuneration and social security | 45 | €15,927 | €7,010 | -€8,917 | -56.0% |
| Taxes | 450/3 | €15,927 | €7,010 | -€8,917 | -56.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €458,972 | €381,393 | -€77,580 | -16.9% |
| Non-recurring operating income | 76A | €0 | €4,009 | +€4,009 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,292 | €28,592 | -€2,700 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€53,875 | -€53,875 | |
| Other operating charges | 640/8 | €1,785 | €1,837 | +€52 | +2.9% |
| Gross operating margin | 9900 | €72,938 | €32,098 | -€40,840 | -56.0% |
| Operating profit (loss) | 9901 | €39,862 | €55,544 | +€15,682 | +39.3% |
| Financial income | 75/76B | €3 | €29 | +€26 | +780% |
| Recurring financial income | 75 | €3 | €29 | +€26 | +780% |
| Financial charges | 65/66B | €1,830 | €108 | -€1,722 | -94.1% |
| Recurring financial charges | 65 | €1,830 | €108 | -€1,722 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €38,035 | €55,465 | +€17,430 | +45.8% |
| Income taxes | 67/77 | €8,502 | €14,412 | +€5,910 | +69.5% |
| Profit (loss) for the period | 9904 | €29,533 | €41,053 | +€11,520 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,533 | €41,053 | +€11,520 | +39.0% |
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 16 October 2026 via checked.be.