CANATHO: 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.
CANATHO
Largest movements
- Cash -€20,932
down €20,932 (-62.2%), from €33,674 to €12,742
mainly Net result for the year (-€9,991) and Other debts (-€7,987)
- Stocks and contracts -€15,341
down €15,341 (-75.0%), from €20,453 to €5,112
of which Contracts in progress: -€12,797
- Tangible fixed assets -€7,680
down €7,680 (-32.2%), from €23,823 to €16,143
of which Leasing and similar rights: -€7,724
- Receivables within one year +€4,478
up €4,478 (+7.7%), from €57,856 to €62,334
of which Trade receivables: +€2,395
- Deferred charges and accrued income -€3,757
down €3,757 (-45.4%), from €8,281 to €4,524
- Profit (loss) carried forward -€9,991
down €9,991 (-934.4%), from -€1,069 to -€11,060
- Other debts -€7,987
down €7,987 (-54.9%), from €14,560 to €6,573
- Current portion of long-term debt -€6,805
down €6,805 (-100.0%), from €6,805 to €0
- Tax, wage and social debts -€5,141
down €5,141 (-41.8%), from €12,286 to €7,146
of which Remuneration and social security: -€5,726
- Short-term financial debts -€5,000
down €5,000 (-16.7%), from €30,000 to €25,000
- Gross operating margin -€39,990
down €39,990 (-33.7%), from €118,745 to €78,755
- Staff costs -€29,761
down €29,761 (-30.0%), from €99,342 to €69,581
- Depreciation -€1,487
down €1,487 (-12.5%), from €11,871 to €10,385
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 | €144,087 | €103,285 | -€40,802 | -28.3% |
| Fixed assets | 21/28 | €23,823 | €18,573 | -€5,250 | -22.0% |
| Tangible fixed assets | 22/27 | €23,823 | €16,143 | -€7,680 | -32.2% |
| Plant, machinery and equipment | 23 | €2,738 | €1,841 | -€897 | -32.8% |
| Furniture and vehicles | 24 | €2,424 | €3,927 | +€1,503 | +62.0% |
| Leasing and similar rights | 25 | €15,495 | €7,771 | -€7,724 | -49.8% |
| Other tangible fixed assets | 26 | €3,166 | €2,604 | -€562 | -17.8% |
| Financial fixed assets | 28 | - | €2,430 | +€2,430 | |
| Current assets | 29/58 | €120,264 | €84,712 | -€35,552 | -29.6% |
| Stocks and contracts in progress | 3 | €20,453 | €5,112 | -€15,341 | -75.0% |
| Stocks | 30/36 | €4,156 | €1,612 | -€2,544 | -61.2% |
| Contracts in progress | 37 | €16,297 | €3,500 | -€12,797 | -78.5% |
| Amounts receivable within one year | 40/41 | €57,856 | €62,334 | +€4,478 | +7.7% |
| Trade receivables | 40 | €52,197 | €54,592 | +€2,395 | +4.6% |
| Other amounts receivable | 41 | €5,659 | €7,742 | +€2,083 | +36.8% |
| Cash at bank and in hand | 54/58 | €33,674 | €12,742 | -€20,932 | -62.2% |
| Deferred charges and accrued income | 490/1 | €8,281 | €4,524 | -€3,757 | -45.4% |
| Total equity and liabilities | 10/49 | €144,087 | €103,285 | -€40,802 | -28.3% |
| Equity | 10/15 | €69,236 | €59,245 | -€9,991 | -14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,105 | €64,105 | = | 0.0% |
| Distributable reserves | 133 | €64,105 | €64,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,069 | -€11,060 | -€9,991 | -934.4% |
| Amounts payable | 17/49 | €74,851 | €44,040 | -€30,811 | -41.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €73,601 | €44,040 | -€29,561 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €6,805 | €0 | -€6,805 | -100.0% |
| Financial debts | 43 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Credit institutions | 430/8 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Trade debts | 44 | €9,949 | €5,321 | -€4,629 | -46.5% |
| Suppliers | 440/4 | €9,949 | €5,321 | -€4,629 | -46.5% |
| Taxes, remuneration and social security | 45 | €12,286 | €7,146 | -€5,141 | -41.8% |
| Taxes | 450/3 | €1,707 | €2,293 | +€585 | +34.3% |
| Remuneration and social security | 454/9 | €10,579 | €4,853 | -€5,726 | -54.1% |
| Other amounts payable | 47/48 | €14,560 | €6,573 | -€7,987 | -54.9% |
| Accrued charges and deferred income | 492/3 | €1,250 | €0 | -€1,250 | -100.0% |
| Non-recurring operating income | 76A | €0 | €5,259 | +€5,259 | |
| Remuneration, social security and pensions | 62 | €99,342 | €69,581 | -€29,761 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,871 | €10,385 | -€1,487 | -12.5% |
| Other operating charges | 640/8 | €1,189 | €1,212 | +€23 | +1.9% |
| Gross operating margin | 9900 | €118,745 | €78,755 | -€39,990 | -33.7% |
| Operating profit (loss) | 9901 | €6,343 | -€2,422 | -€8,765 | |
| Financial income | 75/76B | €718 | €39 | -€679 | -94.6% |
| Recurring financial income | 75 | €718 | €39 | -€679 | -94.6% |
| Financial charges | 65/66B | €7,234 | €7,230 | -€4 | -0.1% |
| Recurring financial charges | 65 | €7,234 | €7,230 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€173 | -€9,614 | -€9,441 | -5444.7% |
| Income taxes | 67/77 | €896 | €377 | -€519 | -57.9% |
| Profit (loss) for the period | 9904 | -€1,069 | -€9,991 | -€8,922 | -834.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,069 | -€9,991 | -€8,922 | -834.4% |
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 5 October 2026 via checked.be.