CANDA: what changed
CANDA
Largest movements
- Cash +€26,201
up €26,201 (+418%), from €6,274 to €32,475
mainly Net result for the year (+€27,224) and Depreciation (+€17,419)
- Receivables within one year +€16,462
up €16,462 (+36.1%), from €45,647 to €62,109
of which Other amounts receivable: +€36,186
- Tangible fixed assets -€11,543
down €11,543 (-67.5%), from €17,093 to €5,550
of which Leasing and similar rights: -€7,775
- Intangible fixed assets -€5,004
down €5,004 (-32.6%), from €15,372 to €10,368
- Reserves +€26,403
up €26,403 (+46.3%), from €57,083 to €83,486
- Current portion of long-term debt -€7,053
down €7,053 (-91.6%), from €7,702 to €650
- Trade debts +€5,170
up €5,170 (+118%), from €4,388 to €9,558
- Tax, wage and social debts +€1,697
up €1,697 (+41.1%), from €4,126 to €5,824
of which Taxes: +€1,097
- Gross operating margin +€43,408
up €43,408 (+200%), from €21,742 to €65,149
- Taxes +€12,884
up €12,884 (+1,020%), from €1,264 to €14,147
- Other operating charges +€3,819
up €3,819 (+208%), from €1,840 to €5,658
- Depreciation -€1,317
down €1,317 (-7.0%), from €18,736 to €17,419
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,080 | €113,162 | +€26,082 | +30.0% |
| Fixed assets | 21/28 | €32,465 | €15,918 | -€16,547 | -51.0% |
| Intangible fixed assets | 21 | €15,372 | €10,368 | -€5,004 | -32.6% |
| Tangible fixed assets | 22/27 | €17,093 | €5,550 | -€11,543 | -67.5% |
| Plant, machinery and equipment | 23 | €364 | €73 | -€291 | -80.0% |
| Furniture and vehicles | 24 | €8,016 | €4,540 | -€3,476 | -43.4% |
| Leasing and similar rights | 25 | €8,712 | €937 | -€7,775 | -89.2% |
| Current assets | 29/58 | €54,615 | €97,244 | +€42,628 | +78.1% |
| Amounts receivable within one year | 40/41 | €45,647 | €62,109 | +€16,462 | +36.1% |
| Trade receivables | 40 | €19,724 | - | -€19,724 | |
| Other amounts receivable | 41 | €25,923 | €62,109 | +€36,186 | +140% |
| Cash at bank and in hand | 54/58 | €6,274 | €32,475 | +€26,201 | +418% |
| Deferred charges and accrued income | 490/1 | €2,694 | €2,660 | -€34 | -1.3% |
| Total equity and liabilities | 10/49 | €87,080 | €113,162 | +€26,082 | +30.0% |
| Equity | 10/15 | €68,663 | €95,886 | +€27,224 | +39.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,083 | €83,486 | +€26,403 | +46.3% |
| Distributable reserves | 133 | €57,083 | €83,486 | +€26,403 | +46.3% |
| Profit (loss) carried forward | 14 | -€821 | - | +€821 | |
| Amounts payable | 17/49 | €18,417 | €17,275 | -€1,142 | -6.2% |
| Amounts payable after more than one year | 17 | €1,894 | €1,244 | -€650 | -34.3% |
| Financial debts | 170/4 | €1,894 | €1,244 | -€650 | -34.3% |
| Amounts payable within one year | 42/48 | €16,524 | €16,031 | -€492 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €7,702 | €650 | -€7,053 | -91.6% |
| Trade debts | 44 | €4,388 | €9,558 | +€5,170 | +118% |
| Suppliers | 440/4 | €4,388 | €9,558 | +€5,170 | +118% |
| Taxes, remuneration and social security | 45 | €4,126 | €5,824 | +€1,697 | +41.1% |
| Taxes | 450/3 | €2,376 | €3,474 | +€1,097 | +46.2% |
| Remuneration and social security | 454/9 | €1,750 | €2,350 | +€600 | +34.3% |
| Other amounts payable | 47/48 | €307 | - | -€307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,736 | €17,419 | -€1,317 | -7.0% |
| Other operating charges | 640/8 | €1,840 | €5,658 | +€3,819 | +208% |
| Gross operating margin | 9900 | €21,742 | €65,149 | +€43,408 | +200% |
| Operating profit (loss) | 9901 | €1,166 | €42,072 | +€40,906 | +3,508% |
| Financial income | 75/76B | €212 | €54 | -€158 | -74.6% |
| Recurring financial income | 75 | €212 | €54 | -€158 | -74.6% |
| Financial charges | 65/66B | €1,191 | €755 | -€436 | -36.6% |
| Recurring financial charges | 65 | €1,191 | €755 | -€436 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €188 | €41,371 | +€41,183 | +21,956% |
| Income taxes | 67/77 | €1,264 | €14,147 | +€12,884 | +1,020% |
| Profit (loss) for the period | 9904 | -€1,076 | €27,224 | +€28,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,076 | €27,224 | +€28,300 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.