Canavar: 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.
Canavar
Largest movements
- Cash -€95,354
down €95,354 (-90.7%), from €105,164 to €9,811
mainly Contributions, distributions and other (-€187,048) and Receivables within one year (-€20,539)
- Receivables within one year +€20,539
up €20,539 (+35.9%), from €57,178 to €77,717
of which Trade receivables: +€18,513
- Tangible fixed assets -€3,213
down €3,213 (-33.4%), from €9,619 to €6,406
- Profit (loss) carried forward -€127,752
down €127,752 (-99.0%), from €129,048 to €1,296
- Other debts +€59,987
up €59,987 (+6983.3%), from €859 to €60,846
- Tax, wage and social debts -€7,605
down €7,605 (-20.1%), from €37,870 to €30,265
- Gross operating margin -€25,069
down €25,069 (-25.8%), from €97,213 to €72,143
- Financial income +€6,573
up €6,573 (+487.4%), from €1,349 to €7,921
- Taxes -€3,541
down €3,541 (-17.9%), from €19,770 to €16,229
- Depreciation +€1,139
up €1,139 (+54.9%), from €2,074 to €3,213
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 | €172,656 | €96,103 | -€76,553 | -44.3% |
| Fixed assets | 21/28 | €9,619 | €6,406 | -€3,213 | -33.4% |
| Tangible fixed assets | 22/27 | €9,619 | €6,406 | -€3,213 | -33.4% |
| Furniture and vehicles | 24 | €9,619 | €6,406 | -€3,213 | -33.4% |
| Current assets | 29/58 | €163,036 | €89,697 | -€73,340 | -45.0% |
| Amounts receivable within one year | 40/41 | €57,178 | €77,717 | +€20,539 | +35.9% |
| Trade receivables | 40 | €12,100 | €30,613 | +€18,513 | +153.0% |
| Other amounts receivable | 41 | €45,078 | €47,104 | +€2,026 | +4.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €105,164 | €9,811 | -€95,354 | -90.7% |
| Deferred charges and accrued income | 490/1 | €694 | €2,169 | +€1,475 | +212.6% |
| Total equity and liabilities | 10/49 | €172,656 | €96,103 | -€76,553 | -44.3% |
| Equity | 10/15 | €132,048 | €4,296 | -€127,752 | -96.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,048 | €1,296 | -€127,752 | -99.0% |
| Amounts payable | 17/49 | €40,608 | €91,807 | +€51,199 | +126.1% |
| Amounts payable within one year | 42/48 | €40,197 | €91,807 | +€51,610 | +128.4% |
| Financial debts | 43 | €547 | €359 | -€188 | -34.4% |
| Credit institutions | 430/8 | €547 | €359 | -€188 | -34.4% |
| Trade debts | 44 | €921 | €337 | -€583 | -63.4% |
| Suppliers | 440/4 | €921 | €337 | -€583 | -63.4% |
| Taxes, remuneration and social security | 45 | €37,870 | €30,265 | -€7,605 | -20.1% |
| Taxes | 450/3 | €37,870 | €30,265 | -€7,605 | -20.1% |
| Other amounts payable | 47/48 | €859 | €60,846 | +€59,987 | +6983.3% |
| Accrued charges and deferred income | 492/3 | €411 | €0 | -€411 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,074 | €3,213 | +€1,139 | +54.9% |
| Other operating charges | 640/8 | €204 | €607 | +€404 | +198.3% |
| Gross operating margin | 9900 | €97,213 | €72,143 | -€25,069 | -25.8% |
| Operating profit (loss) | 9901 | €94,935 | €68,323 | -€26,612 | -28.0% |
| Financial income | 75/76B | €1,349 | €7,921 | +€6,573 | +487.4% |
| Recurring financial income | 75 | €1,349 | €7,921 | +€6,573 | +487.4% |
| Financial charges | 65/66B | €620 | €719 | +€99 | +16.0% |
| Recurring financial charges | 65 | €620 | €719 | +€99 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €95,664 | €75,525 | -€20,139 | -21.1% |
| Income taxes | 67/77 | €19,770 | €16,229 | -€3,541 | -17.9% |
| Profit (loss) for the period | 9904 | €75,894 | €59,296 | -€16,598 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,894 | €59,296 | -€16,598 | -21.9% |
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.