CANDAN: 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.
CANDAN
Largest movements
- Receivables within one year -€38,939
down €38,939 (-70.9%), from €54,911 to €15,973
of which Trade receivables: -€51,600
- Tangible fixed assets +€37,093
up €37,093 (+4.8%), from €776,578 to €813,670
of which Plant, machinery and equipment: +€44,980
- Profit (loss) carried forward +€212,458
up €212,458 (+19.9%), from €1.1m to €1.3m
- Current portion of long-term debt -€184,480
no longer reported in 2024 (was €184,480)
- Debts after one year -€122,185
down €122,185 (-15.2%), from €802,015 to €679,830
- Short-term financial debts +€105,998
up €105,998 (+53.0%), from €199,958 to €305,956
- Trade debts +€78,184
up €78,184 (+1475.0%), from €5,301 to €83,485
- Gross operating margin +€98,239
up €98,239 (+9.4%), from €1.0m to €1.1m
- Staff costs +€30,283
up €30,283 (+4.3%), from €710,940 to €741,222
- Other operating charges -€15,046
down €15,046 (-39.8%), from €37,788 to €22,742
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,497,028 | €2,527,323 | +€30,294 | +1.2% |
| Fixed assets | 21/28 | €1,212,040 | €1,249,133 | +€37,093 | +3.1% |
| Tangible fixed assets | 22/27 | €776,578 | €813,670 | +€37,093 | +4.8% |
| Land and buildings | 22 | €582,584 | €556,398 | -€26,186 | -4.5% |
| Plant, machinery and equipment | 23 | €178,993 | €223,973 | +€44,980 | +25.1% |
| Furniture and vehicles | 24 | - | €24,000 | +€24,000 | |
| Leasing and similar rights | 25 | €15,001 | €9,300 | -€5,701 | -38.0% |
| Financial fixed assets | 28 | €435,463 | €435,463 | = | 0.0% |
| Current assets | 29/58 | €1,284,988 | €1,278,190 | -€6,798 | -0.5% |
| Stocks and contracts in progress | 3 | €1,229,916 | €1,254,026 | +€24,110 | +2.0% |
| Stocks | 30/36 | €1,229,916 | €1,254,026 | +€24,110 | +2.0% |
| Amounts receivable within one year | 40/41 | €54,911 | €15,973 | -€38,939 | -70.9% |
| Trade receivables | 40 | €51,600 | - | -€51,600 | |
| Other amounts receivable | 41 | €3,311 | €15,973 | +€12,661 | +382.3% |
| Cash at bank and in hand | 54/58 | €161 | €8,192 | +€8,031 | +4991.1% |
| Total equity and liabilities | 10/49 | €2,497,028 | €2,527,323 | +€30,294 | +1.2% |
| Equity | 10/15 | €1,237,094 | €1,449,553 | +€212,458 | +17.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €148,425 | €148,425 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,610 | €3,610 | = | 0.0% |
| Legal reserve | 130 | €3,610 | €3,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,245 | €50,245 | = | 0.0% |
| Distributable reserves | 133 | €94,570 | €94,570 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,070,077 | €1,282,536 | +€212,458 | +19.9% |
| Amounts payable | 17/49 | €1,259,934 | €1,077,770 | -€182,164 | -14.5% |
| Amounts payable after more than one year | 17 | €802,015 | €679,830 | -€122,185 | -15.2% |
| Financial debts | 170/4 | €802,015 | €679,830 | -€122,185 | -15.2% |
| Amounts payable within one year | 42/48 | €457,919 | €397,940 | -€59,979 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €184,480 | - | -€184,480 | |
| Financial debts | 43 | €199,958 | €305,956 | +€105,998 | +53.0% |
| Credit institutions | 430/8 | €199,958 | €305,956 | +€105,998 | +53.0% |
| Trade debts | 44 | €5,301 | €83,485 | +€78,184 | +1475.0% |
| Suppliers | 440/4 | €5,301 | €83,485 | +€78,184 | +1475.0% |
| Taxes, remuneration and social security | 45 | €68,180 | €8,498 | -€59,682 | -87.5% |
| Taxes | 450/3 | €68,180 | €8,498 | -€59,682 | -87.5% |
| Remuneration, social security and pensions | 62 | €710,940 | €741,222 | +€30,283 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,756 | €76,032 | +€10,276 | +15.6% |
| Other operating charges | 640/8 | €37,788 | €22,742 | -€15,046 | -39.8% |
| Gross operating margin | 9900 | €1,043,958 | €1,142,197 | +€98,239 | +9.4% |
| Operating profit (loss) | 9901 | €229,475 | €302,201 | +€72,726 | +31.7% |
| Financial income | 75/76B | - | €655 | +€655 | |
| Recurring financial income | 75 | - | €655 | +€655 | |
| Financial charges | 65/66B | €26,437 | €36,111 | +€9,675 | +36.6% |
| Recurring financial charges | 65 | €26,437 | €36,111 | +€9,675 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €203,038 | €266,744 | +€63,706 | +31.4% |
| Income taxes | 67/77 | €64,655 | €54,286 | -€10,369 | -16.0% |
| Profit (loss) for the period | 9904 | €138,383 | €212,458 | +€74,076 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €138,383 | €212,458 | +€74,076 | +53.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.