Canal-J: 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-J
Largest movements
- Receivables within one year +€20,905
up €20,905 (+40.4%), from €51,687 to €72,592
of which Other amounts receivable: +€20,892
- Cash +€13,686
up €13,686 (+9.7%), from €140,440 to €154,126
mainly Accrued charges and deferred income (+€41,158) and Debts within one year (+€2,399)
- Deferred charges and accrued income +€8,372
up €8,372 (+111%), from €7,572 to €15,944
- Accrued charges and deferred income +€41,158
up €41,158 (+225%), from €18,286 to €59,444
- Gross operating margin -€12,403
down €12,403 (-2.3%), from €529,382 to €516,979
- Depreciation -€5,450
down €5,450 (-79.0%), from €6,897 to €1,447
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 | €202,738 | €246,114 | +€43,376 | +21.4% |
| Fixed assets | 21/28 | €3,039 | €3,452 | +€413 | +13.6% |
| Tangible fixed assets | 22/27 | €1,031 | €1,433 | +€402 | +39.0% |
| Plant, machinery and equipment | 23 | €400 | €200 | -€200 | -50.0% |
| Furniture and vehicles | 24 | €631 | €1,233 | +€602 | +95.4% |
| Financial fixed assets | 28 | €2,008 | €2,019 | +€11 | +0.5% |
| Current assets | 29/58 | €199,699 | €242,662 | +€42,963 | +21.5% |
| Amounts receivable within one year | 40/41 | €51,687 | €72,592 | +€20,905 | +40.4% |
| Trade receivables | 40 | - | €13 | +€13 | |
| Other amounts receivable | 41 | €51,687 | €72,579 | +€20,892 | +40.4% |
| Cash at bank and in hand | 54/58 | €140,440 | €154,126 | +€13,686 | +9.7% |
| Deferred charges and accrued income | 490/1 | €7,572 | €15,944 | +€8,372 | +111% |
| Total equity and liabilities | 10/49 | €202,738 | €246,114 | +€43,376 | +21.4% |
| Equity | 10/15 | €25,917 | €25,736 | -€181 | -0.7% |
| Contributions | 10/11 | €17,474 | €17,474 | = | 0.0% |
| Capital | 10 | €17,474 | €17,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,043 | €8,062 | +€19 | +0.2% |
| Investment grants | 15 | €400 | €200 | -€200 | -50.0% |
| Amounts payable | 17/49 | €176,821 | €220,378 | +€43,557 | +24.6% |
| Amounts payable within one year | 42/48 | €158,535 | €160,934 | +€2,399 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €1,203 | - | -€1,203 | |
| Trade debts | 44 | €11,968 | €9,383 | -€2,585 | -21.6% |
| Suppliers | 440/4 | €11,968 | €9,383 | -€2,585 | -21.6% |
| Taxes, remuneration and social security | 45 | €68,344 | €74,507 | +€6,163 | +9.0% |
| Taxes | 450/3 | €9,916 | €10,122 | +€206 | +2.1% |
| Remuneration and social security | 454/9 | €58,428 | €64,385 | +€5,957 | +10.2% |
| Accrued charges and deferred income | 492/3 | €18,286 | €59,444 | +€41,158 | +225% |
| Remuneration, social security and pensions | 62 | €518,556 | €515,122 | -€3,434 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,897 | €1,447 | -€5,450 | -79.0% |
| Other operating charges | 640/8 | €711 | €730 | +€19 | +2.7% |
| Non-recurring operating charges | 66A | - | €19 | +€19 | |
| Gross operating margin | 9900 | €529,382 | €516,979 | -€12,403 | -2.3% |
| Operating profit (loss) | 9901 | €3,218 | -€339 | -€3,557 | |
| Financial income | 75/76B | €606 | €506 | -€100 | -16.5% |
| Recurring financial income | 75 | €606 | €506 | -€100 | -16.5% |
| Financial charges | 65/66B | €69 | €48 | -€21 | -30.4% |
| Recurring financial charges | 65 | €69 | €48 | -€21 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €3,755 | €119 | -€3,636 | -96.8% |
| Income taxes | 67/77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | €3,755 | €19 | -€3,736 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,755 | €19 | -€3,736 | -99.5% |
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.