CANAL CONSTRUCT: 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.
CANAL CONSTRUCT
Largest movements
- Current investments +€662,500
new in 2025: €662,500
- Receivables within one year +€225,122
up €225,122 (+75.2%), from €299,464 to €524,586
of which Trade receivables: +€233,387
- Advances received +€772,795
new in 2025: €772,795
- Trade debts +€198,653
up €198,653 (+11481.6%), from €1,730 to €200,383
- Profit (loss) carried forward -€73,813
down €73,813 (-40.1%), from €183,980 to €110,167
- Gross operating margin -€230,834
down €230,834, from €222,564 to -€8,270
- Taxes -€45,771
down €45,771 (-98.1%), from €46,653 to €881
- Financial charges +€44,259
up €44,259 (+86.1%), from €51,398 to €95,657
- Financial income +€30,537
up €30,537 (+3600.1%), from €848 to €31,385
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 | €2,875,966 | €3,797,330 | +€921,364 | +32.0% |
| Fixed assets | 21/28 | €246 | €0 | -€246 | -100.0% |
| Tangible fixed assets | 22/27 | €246 | €0 | -€246 | -100.0% |
| Furniture and vehicles | 24 | €246 | €0 | -€246 | -100.0% |
| Current assets | 29/58 | €2,875,720 | €3,797,330 | +€921,610 | +32.0% |
| Stocks and contracts in progress | 3 | €2,573,375 | €2,583,055 | +€9,680 | +0.4% |
| Stocks | 30/36 | €2,572,586 | €2,269,632 | -€302,954 | -11.8% |
| Contracts in progress | 37 | €789 | €313,423 | +€312,634 | +39613.6% |
| Amounts receivable within one year | 40/41 | €299,464 | €524,586 | +€225,122 | +75.2% |
| Trade receivables | 40 | €240,000 | €473,387 | +€233,387 | +97.2% |
| Other amounts receivable | 41 | €59,464 | €51,198 | -€8,266 | -13.9% |
| Current investments | 50/53 | - | €662,500 | +€662,500 | |
| Cash at bank and in hand | 54/58 | €2,675 | €26,799 | +€24,124 | +901.8% |
| Deferred charges and accrued income | 490/1 | €206 | €390 | +€184 | +89.5% |
| Total equity and liabilities | 10/49 | €2,875,966 | €3,797,330 | +€921,364 | +32.0% |
| Equity | 10/15 | €202,572 | €128,759 | -€73,813 | -36.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,980 | €110,167 | -€73,813 | -40.1% |
| Amounts payable | 17/49 | €2,673,394 | €3,668,571 | +€995,177 | +37.2% |
| Amounts payable within one year | 42/48 | €2,673,394 | €3,668,571 | +€995,177 | +37.2% |
| Trade debts | 44 | €1,730 | €200,383 | +€198,653 | +11481.6% |
| Suppliers | 440/4 | €1,730 | €200,383 | +€198,653 | +11481.6% |
| Advances received on contracts in progress | 46 | - | €772,795 | +€772,795 | |
| Taxes, remuneration and social security | 45 | €72,233 | €81,256 | +€9,023 | +12.5% |
| Taxes | 450/3 | €72,233 | €81,256 | +€9,023 | +12.5% |
| Other amounts payable | 47/48 | €2,599,431 | €2,614,137 | +€14,706 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €671 | €246 | -€426 | -63.4% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €222,564 | -€8,270 | -€230,834 | |
| Operating profit (loss) | 9901 | €221,752 | -€8,660 | -€230,412 | |
| Financial income | 75/76B | €848 | €31,385 | +€30,537 | +3600.1% |
| Recurring financial income | 75 | €848 | €31,385 | +€30,537 | +3600.1% |
| Financial charges | 65/66B | €51,398 | €95,657 | +€44,259 | +86.1% |
| Recurring financial charges | 65 | €51,398 | €95,657 | +€44,259 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €171,202 | -€72,932 | -€244,134 | |
| Income taxes | 67/77 | €46,653 | €881 | -€45,771 | -98.1% |
| Profit (loss) for the period | 9904 | €124,550 | -€73,813 | -€198,362 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,550 | -€73,813 | -€198,362 |
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.