CANDOR: 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.
CANDOR
Largest movements
- Cash -€34,469
down €34,469 (-91.9%), from €37,514 to €3,044
mainly Contributions, distributions and other (-€67,217) and Current portion of long-term debt (-€10,205)
- Tangible fixed assets -€9,977
down €9,977 (-52.6%), from €18,975 to €8,999
- Receivables within one year +€3,644
up €3,644 (+35.2%), from €10,359 to €14,003
of which Trade receivables: +€3,485
- Reserves -€34,943
no longer reported in 2025 (was €34,943)
- Current portion of long-term debt -€10,205
no longer reported in 2025 (was €10,205)
- Other debts +€1,532
up €1,532 (+15.3%), from €10,030 to €11,562
- Tax, wage and social debts +€1,459
up €1,459 (+24.8%), from €5,883 to €7,342
- Trade debts +€1,370
up €1,370 (+99.1%), from €1,382 to €2,752
- Gross operating margin -€4,407
down €4,407 (-7.7%), from €56,992 to €52,585
- Taxes -€971
down €971 (-9.3%), from €10,395 to €9,424
- Depreciation -€607
down €607 (-5.7%), from €10,584 to €9,977
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 | €67,443 | €26,656 | -€40,787 | -60.5% |
| Fixed assets | 21/28 | €18,975 | €8,999 | -€9,977 | -52.6% |
| Tangible fixed assets | 22/27 | €18,975 | €8,999 | -€9,977 | -52.6% |
| Furniture and vehicles | 24 | €18,975 | €8,999 | -€9,977 | -52.6% |
| Current assets | 29/58 | €48,468 | €17,657 | -€30,811 | -63.6% |
| Amounts receivable within one year | 40/41 | €10,359 | €14,003 | +€3,644 | +35.2% |
| Trade receivables | 40 | €8,766 | €12,251 | +€3,485 | +39.8% |
| Other amounts receivable | 41 | €1,593 | €1,751 | +€159 | +10.0% |
| Cash at bank and in hand | 54/58 | €37,514 | €3,044 | -€34,469 | -91.9% |
| Deferred charges and accrued income | 490/1 | €596 | €610 | +€15 | +2.5% |
| Total equity and liabilities | 10/49 | €67,443 | €26,656 | -€40,787 | -60.5% |
| Equity | 10/15 | €39,943 | €5,000 | -€34,943 | -87.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €34,943 | - | -€34,943 | |
| Distributable reserves | 133 | €34,943 | - | -€34,943 | |
| Amounts payable | 17/49 | €27,500 | €21,656 | -€5,844 | -21.3% |
| Amounts payable within one year | 42/48 | €27,500 | €21,656 | -€5,844 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €10,205 | - | -€10,205 | |
| Trade debts | 44 | €1,382 | €2,752 | +€1,370 | +99.1% |
| Suppliers | 440/4 | €1,382 | €2,752 | +€1,370 | +99.1% |
| Taxes, remuneration and social security | 45 | €5,883 | €7,342 | +€1,459 | +24.8% |
| Taxes | 450/3 | €5,883 | €7,342 | +€1,459 | +24.8% |
| Other amounts payable | 47/48 | €10,030 | €11,562 | +€1,532 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,584 | €9,977 | -€607 | -5.7% |
| Other operating charges | 640/8 | €655 | €794 | +€139 | +21.3% |
| Gross operating margin | 9900 | €56,992 | €52,585 | -€4,407 | -7.7% |
| Operating profit (loss) | 9901 | €45,754 | €41,815 | -€3,939 | -8.6% |
| Financial income | 75/76B | - | €114 | +€114 | |
| Recurring financial income | 75 | - | €114 | +€114 | |
| Financial charges | 65/66B | €415 | €231 | -€185 | -44.4% |
| Recurring financial charges | 65 | €415 | €231 | -€185 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €45,339 | €41,698 | -€3,641 | -8.0% |
| Income taxes | 67/77 | €10,395 | €9,424 | -€971 | -9.3% |
| Profit (loss) for the period | 9904 | €34,943 | €32,274 | -€2,670 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,943 | €32,274 | -€2,670 | -7.6% |
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 10 October 2026 via checked.be.