CANDO: 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.
CANDO
Largest movements
- Receivables within one year +€23,627
up €23,627 (+20.7%), from €114,269 to €137,896
of which Trade receivables: +€67,344
- Intangible fixed assets +€14,816
new in 2025: €14,816
- Tangible fixed assets -€7,169
down €7,169 (-35.1%), from €20,410 to €13,240
of which Furniture and vehicles: -€3,599
- Cash +€5,014
up €5,014 (+1044.7%), from €480 to €5,494
mainly Net result for the year (+€24,143) and Depreciation (+€8,562)
- Deferred charges and accrued income -€2,659
down €2,659 (-17.6%), from €15,065 to €12,406
- Profit (loss) carried forward +€24,143
up €24,143 (+63.4%), from -€38,073 to -€13,930
- Tax, wage and social debts +€7,754
up €7,754 (+47.7%), from €16,252 to €24,006
of which Taxes: +€3,891
- Turnover +€89,340
up €89,340 (+52.7%), from €169,495 to €258,835
- Gross operating margin +€71,538
up €71,538 (+853.1%), from €8,386 to €79,924
- Staff costs +€14,455
up €14,455 (+46.0%), from €31,395 to €45,851
- Write-downs -€14,259
down €14,259, from €0 to -€14,259
- Other operating charges +€12,411
up €12,411 (+379.0%), from €3,275 to €15,687
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 | €151,431 | €183,853 | +€32,422 | +21.4% |
| Fixed assets | 21/28 | €20,411 | €28,058 | +€7,647 | +37.5% |
| Intangible fixed assets | 21 | - | €14,816 | +€14,816 | |
| Tangible fixed assets | 22/27 | €20,410 | €13,240 | -€7,169 | -35.1% |
| Plant, machinery and equipment | 23 | €13,132 | €9,562 | -€3,571 | -27.2% |
| Furniture and vehicles | 24 | €7,277 | €3,679 | -€3,599 | -49.5% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €131,021 | €155,796 | +€24,775 | +18.9% |
| Stocks and contracts in progress | 3 | €1,207 | €0 | -€1,207 | -100.0% |
| Contracts in progress | 37 | €1,207 | €0 | -€1,207 | -100.0% |
| Amounts receivable within one year | 40/41 | €114,269 | €137,896 | +€23,627 | +20.7% |
| Trade receivables | 40 | €16,387 | €83,731 | +€67,344 | +411.0% |
| Other amounts receivable | 41 | €97,882 | €54,165 | -€43,717 | -44.7% |
| Cash at bank and in hand | 54/58 | €480 | €5,494 | +€5,014 | +1044.7% |
| Deferred charges and accrued income | 490/1 | €15,065 | €12,406 | -€2,659 | -17.6% |
| Total equity and liabilities | 10/49 | €151,431 | €183,853 | +€32,422 | +21.4% |
| Equity | 10/15 | €63,354 | €87,497 | +€24,143 | +38.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,827 | €82,827 | = | 0.0% |
| Distributable reserves | 133 | €82,827 | €82,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,073 | -€13,930 | +€24,143 | +63.4% |
| Amounts payable | 17/49 | €88,077 | €96,357 | +€8,280 | +9.4% |
| Amounts payable within one year | 42/48 | €85,802 | €94,179 | +€8,377 | +9.8% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €18,509 | €18,323 | -€186 | -1.0% |
| Suppliers | 440/4 | €18,509 | €18,323 | -€186 | -1.0% |
| Taxes, remuneration and social security | 45 | €16,252 | €24,006 | +€7,754 | +47.7% |
| Taxes | 450/3 | €10,626 | €14,517 | +€3,891 | +36.6% |
| Remuneration and social security | 454/9 | €5,626 | €9,489 | +€3,863 | +68.7% |
| Other amounts payable | 47/48 | €21,041 | €21,851 | +€810 | +3.8% |
| Accrued charges and deferred income | 492/3 | €2,275 | €2,177 | -€98 | -4.3% |
| Turnover | 70 | €169,495 | €258,835 | +€89,340 | +52.7% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €172,862 | €182,226 | +€9,363 | +5.4% |
| Remuneration, social security and pensions | 62 | €31,395 | €45,851 | +€14,455 | +46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,791 | €8,562 | +€2,771 | +47.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€14,259 | -€14,259 | |
| Other operating charges | 640/8 | €3,275 | €15,687 | +€12,411 | +379.0% |
| Gross operating margin | 9900 | €8,386 | €79,924 | +€71,538 | +853.1% |
| Operating profit (loss) | 9901 | -€32,076 | €24,084 | +€56,160 | |
| Financial income | 75/76B | €7,252 | €3,504 | -€3,749 | -51.7% |
| Recurring financial income | 75 | €7,252 | €3,504 | -€3,749 | -51.7% |
| Financial charges | 65/66B | €5,637 | €2,870 | -€2,768 | -49.1% |
| Recurring financial charges | 65 | €5,637 | €2,870 | -€2,768 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,461 | €24,718 | +€55,179 | |
| Income taxes | 67/77 | €7,612 | €575 | -€7,036 | -92.4% |
| Profit (loss) for the period | 9904 | -€38,073 | €24,143 | +€62,215 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,073 | €24,143 | +€62,215 |
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 7 October 2026 via checked.be.