CANAL DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Cash -€1,956
down €1,956 (-3.9%), from €50,107 to €48,151
mainly Net result for the year (-€2,802) and Receivables within one year (-€335)
- Profit (loss) carried forward -€2,802
down €2,802 (-51.3%), from -€5,461 to -€8,263
- Debts after one year +€1,118
up €1,118 (+17.2%), from €6,505 to €7,622
- Gross operating margin +€3,193
up €3,193 (+66.5%), from -€4,802 to -€1,609
- Financial charges +€534
up €534 (+81.0%), from €659 to €1,193
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 | €51,087 | €49,466 | -€1,621 | -3.2% |
| Current assets | 29/58 | €51,087 | €49,466 | -€1,621 | -3.2% |
| Amounts receivable within one year | 40/41 | €980 | €1,315 | +€335 | +34.1% |
| Other amounts receivable | 41 | €980 | €1,315 | +€335 | +34.1% |
| Cash at bank and in hand | 54/58 | €50,107 | €48,151 | -€1,956 | -3.9% |
| Total equity and liabilities | 10/49 | €51,087 | €49,466 | -€1,621 | -3.2% |
| Equity | 10/15 | €44,539 | €41,737 | -€2,802 | -6.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,461 | -€8,263 | -€2,802 | -51.3% |
| Amounts payable | 17/49 | €6,548 | €7,729 | +€1,181 | +18.0% |
| Amounts payable after more than one year | 17 | €6,505 | €7,622 | +€1,118 | +17.2% |
| Financial debts | 170/4 | €6,505 | €7,622 | +€1,118 | +17.2% |
| Amounts payable within one year | 42/48 | - | €67 | +€67 | |
| Trade debts | 44 | - | €67 | +€67 | |
| Suppliers | 440/4 | - | €67 | +€67 | |
| Accrued charges and deferred income | 492/3 | €43 | €39 | -€4 | -9.8% |
| Gross operating margin | 9900 | -€4,802 | -€1,609 | +€3,193 | +66.5% |
| Operating profit (loss) | 9901 | -€4,802 | -€1,609 | +€3,193 | +66.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €659 | €1,193 | +€534 | +81.0% |
| Recurring financial charges | 65 | €659 | €1,193 | +€534 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,461 | -€2,802 | +€2,659 | +48.7% |
| Profit (loss) for the period | 9904 | -€5,461 | -€2,802 | +€2,659 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,461 | -€2,802 | +€2,659 | +48.7% |
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 14 October 2026 via checked.be.