CANARY: 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.
What changed
CANARY
NACE 62.900, Other information technology and computer services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€558,689
2024 · -€1.6m+€1.0m
Equity
-€3.4m
2024 · -€2.8m-€558,689
Cash
€8,070
2024 · €7,557+€513
Balance sheet total
€1.8m
2024 · €2.4m-€553,767
Largest movements
Assets
- Intangible fixed assets -€564,145
down €564,145 (-25.0%), from €2.3m to €1.7m
Equity and liabilities
- Profit (loss) carried forward -€558,689
down €558,689 (-14.6%), from -€3.8m to -€4.4m
- Debts after one year +€42,500
up €42,500 (+0.8%), from €5.1m to €5.2m
Income statement
- Gross operating margin +€693,035
up €693,035, from -€631,049 to €61,986
- Staff costs -€322,215
down €322,215 (-85.8%), from €375,377 to €53,162
- Depreciation -€10,716
down €10,716 (-1.9%), from €577,323 to €566,607
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.
Result 2024
-€1.6m
Gross operating margin
+€693,035
Staff costs
+€322,215
Depreciation
+€10,716
Other operating charges
-€8
Financial income
+€1,250
Financial charges
+€2,802
Taxes
+€1,063
Result 2025
-€558,689
raises the resultlowers the result
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.
From operations
-€41,987
Investment
€0
Financing
+€42,500
Cash 2024
€7,557
From operations (derived)
-€41,987
Net result for the year
-€558,689
Depreciation
+€566,607
Receivables within one year
-€18,571
Deferred charges and accrued income
+€6,244
Trade debts
-€8,978
Tax, wage and social debts
-€11,038
Accrued charges and deferred income
-€17,562
Financing
+€42,500
Debts after one year
+€42,500
Cash 2025
€8,070
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,378,947 | €1,825,180 | -€553,767 | -23.3% |
| Fixed assets | 21/28 | €2,260,016 | €1,693,409 | -€566,607 | -25.1% |
| Intangible fixed assets | 21 | €2,256,578 | €1,692,433 | -€564,145 | -25.0% |
| Tangible fixed assets | 22/27 | €3,388 | €925 | -€2,462 | -72.7% |
| Furniture and vehicles | 24 | €3,388 | €925 | -€2,462 | -72.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €118,931 | €131,771 | +€12,840 | +10.8% |
| Stocks and contracts in progress | 3 | €4,388 | €4,388 | = | 0.0% |
| Stocks | 30/36 | €4,388 | €4,388 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €97,394 | €115,964 | +€18,571 | +19.1% |
| Trade receivables | 40 | €96,696 | €115,207 | +€18,511 | +19.1% |
| Other amounts receivable | 41 | €697 | €757 | +€60 | +8.6% |
| Cash at bank and in hand | 54/58 | €7,557 | €8,070 | +€513 | +6.8% |
| Deferred charges and accrued income | 490/1 | €9,593 | €3,349 | -€6,244 | -65.1% |
| Total equity and liabilities | 10/49 | €2,378,947 | €1,825,180 | -€553,767 | -23.3% |
| Equity | 10/15 | -€2,801,908 | -€3,360,598 | -€558,689 | -19.9% |
| Contributions | 10/11 | €1,020,000 | €1,020,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,821,908 | -€4,380,598 | -€558,689 | -14.6% |
| Amounts payable | 17/49 | €5,180,855 | €5,185,778 | +€4,923 | +0.1% |
| Amounts payable after more than one year | 17 | €5,110,500 | €5,153,000 | +€42,500 | +0.8% |
| Financial debts | 170/4 | €5,110,500 | €5,153,000 | +€42,500 | +0.8% |
| Amounts payable within one year | 42/48 | €50,701 | €30,685 | -€20,016 | -39.5% |
| Trade debts | 44 | €19,054 | €10,077 | -€8,978 | -47.1% |
| Suppliers | 440/4 | €19,054 | €10,077 | -€8,978 | -47.1% |
| Taxes, remuneration and social security | 45 | €26,753 | €15,715 | -€11,038 | -41.3% |
| Taxes | 450/3 | €3,687 | €8,316 | +€4,629 | +126% |
| Remuneration and social security | 454/9 | €23,067 | €7,399 | -€15,667 | -67.9% |
| Other amounts payable | 47/48 | €4,894 | €4,894 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,654 | €2,092 | -€17,562 | -89.4% |
| Remuneration, social security and pensions | 62 | €375,377 | €53,162 | -€322,215 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €577,323 | €566,607 | -€10,716 | -1.9% |
| Other operating charges | 640/8 | €1,134 | €1,143 | +€8 | +0.7% |
| Gross operating margin | 9900 | -€631,049 | €61,986 | +€693,035 | |
| Operating profit (loss) | 9901 | -€1,584,883 | -€558,926 | +€1.0m | +64.7% |
| Financial income | 75/76B | €125 | €1,375 | +€1,250 | +1,003% |
| Recurring financial income | 75 | €125 | €1,375 | +€1,250 | +1,003% |
| Financial charges | 65/66B | €3,701 | €899 | -€2,802 | -75.7% |
| Recurring financial charges | 65 | €3,701 | €899 | -€2,802 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,588,459 | -€558,449 | +€1.0m | +64.8% |
| Income taxes | 67/77 | €1,303 | €240 | -€1,063 | -81.6% |
| Profit (loss) for the period | 9904 | -€1,589,762 | -€558,689 | +€1.0m | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,589,762 | -€558,689 | +€1.0m | +64.9% |
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 27 October 2026 via checked.be.