candaele: 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.
candaele
Largest movements
- Stocks and contracts -€19,544
down €19,544 (-47.2%), from €41,371 to €21,827
- Cash -€15,726
down €15,726 (-30.6%), from €51,463 to €35,737
mainly Trade debts (-€19,669) and Tax, wage and social debts (-€16,175)
- Receivables within one year +€5,363
up €5,363 (+6.7%), from €79,861 to €85,224
of which Trade receivables: +€4,836
- Trade debts -€19,669
down €19,669 (-43.4%), from €45,270 to €25,602
- Tax, wage and social debts -€16,175
down €16,175 (-26.7%), from €60,478 to €44,303
of which Taxes: -€9,810
- Other debts +€3,463
up €3,463 (+84.1%), from €4,117 to €7,580
- Gross operating margin -€76,166
down €76,166 (-20.7%), from €367,664 to €291,498
- Staff costs -€35,076
down €35,076 (-11.4%), from €308,339 to €273,263
- Taxes -€7,870
down €7,870 (-74.7%), from €10,543 to €2,672
- Depreciation -€4,378
down €4,378 (-59.8%), from €7,318 to €2,940
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 | €202,791 | €171,111 | -€31,681 | -15.6% |
| Fixed assets | 21/28 | €9,034 | €7,260 | -€1,774 | -19.6% |
| Tangible fixed assets | 22/27 | €9,034 | €7,260 | -€1,774 | -19.6% |
| Land and buildings | 22 | €2,317 | €1,544 | -€772 | -33.3% |
| Plant, machinery and equipment | 23 | €6,717 | €5,715 | -€1,002 | -14.9% |
| Current assets | 29/58 | €193,758 | €163,851 | -€29,907 | -15.4% |
| Amounts receivable after more than one year | 29 | €15,300 | €15,300 | = | 0.0% |
| Other amounts receivable | 291 | €15,300 | €15,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €41,371 | €21,827 | -€19,544 | -47.2% |
| Stocks | 30/36 | €41,371 | €21,827 | -€19,544 | -47.2% |
| Amounts receivable within one year | 40/41 | €79,861 | €85,224 | +€5,363 | +6.7% |
| Trade receivables | 40 | €56,624 | €61,460 | +€4,836 | +8.5% |
| Other amounts receivable | 41 | €23,237 | €23,765 | +€527 | +2.3% |
| Cash at bank and in hand | 54/58 | €51,463 | €35,737 | -€15,726 | -30.6% |
| Deferred charges and accrued income | 490/1 | €5,763 | €5,763 | = | 0.0% |
| Total equity and liabilities | 10/49 | €202,791 | €171,111 | -€31,681 | -15.6% |
| Equity | 10/15 | €86,700 | €86,565 | -€135 | -0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,700 | €66,565 | -€135 | -0.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €64,700 | €64,565 | -€135 | -0.2% |
| Amounts payable | 17/49 | €116,091 | €84,546 | -€31,545 | -27.2% |
| Amounts payable within one year | 42/48 | €115,901 | €84,355 | -€31,545 | -27.2% |
| Trade debts | 44 | €45,270 | €25,602 | -€19,669 | -43.4% |
| Suppliers | 440/4 | €45,270 | €25,602 | -€19,669 | -43.4% |
| Advances received on contracts in progress | 46 | €6,035 | €6,870 | +€835 | +13.8% |
| Taxes, remuneration and social security | 45 | €60,478 | €44,303 | -€16,175 | -26.7% |
| Taxes | 450/3 | €16,960 | €7,150 | -€9,810 | -57.8% |
| Remuneration and social security | 454/9 | €43,518 | €37,153 | -€6,365 | -14.6% |
| Other amounts payable | 47/48 | €4,117 | €7,580 | +€3,463 | +84.1% |
| Accrued charges and deferred income | 492/3 | €191 | €191 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €308,339 | €273,263 | -€35,076 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,318 | €2,940 | -€4,378 | -59.8% |
| Other operating charges | 640/8 | €5,159 | €4,958 | -€201 | -3.9% |
| Gross operating margin | 9900 | €367,664 | €291,498 | -€76,166 | -20.7% |
| Operating profit (loss) | 9901 | €46,848 | €10,337 | -€36,511 | -77.9% |
| Financial income | 75/76B | €3,648 | €123 | -€3,524 | -96.6% |
| Recurring financial income | 75 | €70 | €63 | -€6 | -9.0% |
| Non-recurring financial income | 76B | €3,578 | €60 | -€3,518 | -98.3% |
| Financial charges | 65/66B | €5,091 | €5,311 | +€220 | +4.3% |
| Recurring financial charges | 65 | €857 | €372 | -€485 | -56.6% |
| Non-recurring financial charges | 66B | €4,234 | €4,939 | +€705 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €45,405 | €5,149 | -€40,256 | -88.7% |
| Income taxes | 67/77 | €10,543 | €2,672 | -€7,870 | -74.7% |
| Profit (loss) for the period | 9904 | €34,862 | €2,477 | -€32,385 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,862 | €2,477 | -€32,385 | -92.9% |
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 29 October 2026 via checked.be.