CANDELLERO: 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.
CANDELLERO
Largest movements
- Cash -€43,884
down €43,884 (-31.8%), from €138,153 to €94,269
mainly Debts after one year (-€68,125) and Accrued charges and deferred income (-€4,743)
- Tangible fixed assets -€21,967
down €21,967 (-6.8%), from €321,656 to €299,689
- Debts after one year -€68,125
down €68,125 (-53.1%), from €128,400 to €60,275
- Reserves +€11,291
up €11,291 (+7.8%), from €145,631 to €156,922
of which Distributable reserves: +€11,291
- Accrued charges and deferred income -€4,743
down €4,743 (-58.0%), from €8,178 to €3,435
- Financial income +€16,304
up €16,304 (+6,263%), from €260 to €16,564
of which Financial income: +€15,170
- Other operating charges +€11,017
up €11,017 (+515%), from €2,138 to €13,155
- Gross operating margin -€8,681
down €8,681 (-19.3%), from €44,961 to €36,279
- Financial charges -€4,204
down €4,204 (-50.6%), from €8,305 to €4,102
- Taxes -€2,876
down €2,876 (-71.8%), from €4,005 to €1,129
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 | €471,130 | €409,224 | -€61,906 | -13.1% |
| Fixed assets | 21/28 | €329,156 | €307,089 | -€22,067 | -6.7% |
| Tangible fixed assets | 22/27 | €321,656 | €299,689 | -€21,967 | -6.8% |
| Land and buildings | 22 | €321,656 | €299,689 | -€21,967 | -6.8% |
| Financial fixed assets | 28 | €7,500 | €7,400 | -€100 | -1.3% |
| Current assets | 29/58 | €141,974 | €102,134 | -€39,840 | -28.1% |
| Amounts receivable within one year | 40/41 | €73 | €4,075 | +€4,003 | +5,512% |
| Trade receivables | 40 | - | €1,265 | +€1,265 | |
| Other amounts receivable | 41 | €73 | €2,810 | +€2,738 | +3,770% |
| Cash at bank and in hand | 54/58 | €138,153 | €94,269 | -€43,884 | -31.8% |
| Deferred charges and accrued income | 490/1 | €3,748 | €3,790 | +€41 | +1.1% |
| Total equity and liabilities | 10/49 | €471,130 | €409,224 | -€61,906 | -13.1% |
| Equity | 10/15 | €326,631 | €337,922 | +€11,291 | +3.5% |
| Contributions | 10/11 | €181,000 | €181,000 | = | 0.0% |
| Reserves | 13 | €145,631 | €156,922 | +€11,291 | +7.8% |
| Non-distributable reserves | 130/1 | €18,100 | €18,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,100 | €18,100 | = | 0.0% |
| Distributable reserves | 133 | €127,531 | €138,822 | +€11,291 | +8.9% |
| Amounts payable | 17/49 | €144,499 | €71,302 | -€73,197 | -50.7% |
| Amounts payable after more than one year | 17 | €128,400 | €60,275 | -€68,125 | -53.1% |
| Other amounts payable | 178/9 | €128,400 | €60,275 | -€68,125 | -53.1% |
| Amounts payable within one year | 42/48 | €7,921 | €7,592 | -€330 | -4.2% |
| Trade debts | 44 | €4,180 | €3,659 | -€521 | -12.5% |
| Suppliers | 440/4 | €4,180 | €3,659 | -€521 | -12.5% |
| Taxes, remuneration and social security | 45 | €1,865 | €1,456 | -€408 | -21.9% |
| Taxes | 450/3 | €1,865 | €1,456 | -€408 | -21.9% |
| Other amounts payable | 47/48 | €1,876 | €2,476 | +€600 | +32.0% |
| Accrued charges and deferred income | 492/3 | €8,178 | €3,435 | -€4,743 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,189 | €21,967 | -€222 | -1.0% |
| Other operating charges | 640/8 | €2,138 | €13,155 | +€11,017 | +515% |
| Non-recurring operating charges | 66A | €0 | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €44,961 | €36,279 | -€8,681 | -19.3% |
| Operating profit (loss) | 9901 | €20,634 | -€43 | -€20,676 | |
| Financial income | 75/76B | €260 | €16,564 | +€16,304 | +6,263% |
| Recurring financial income | 75 | €260 | €15,431 | +€15,170 | +5,827% |
| Non-recurring financial income | 76B | - | €1,134 | +€1,134 | |
| Financial charges | 65/66B | €8,305 | €4,102 | -€4,204 | -50.6% |
| Recurring financial charges | 65 | €8,305 | €4,102 | -€4,204 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €12,589 | €12,420 | -€168 | -1.3% |
| Income taxes | 67/77 | €4,005 | €1,129 | -€2,876 | -71.8% |
| Profit (loss) for the period | 9904 | €8,583 | €11,291 | +€2,708 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,583 | €11,291 | +€2,708 | +31.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.