CANDORE: 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.
CANDORE
Largest movements
- Current investments +€1.1m
new in 2025: €1.1m
- Tangible fixed assets -€725,721
down €725,721 (-3.8%), from €19.3m to €18.5m
of which Land and buildings: -€719,095
- Cash -€629,407
down €629,407 (-32.5%), from €1.9m to €1.3m
mainly Current investments (-€1.1m) and Debts after one year (-€536,064)
- Debts after one year -€536,064
down €536,064 (-3.2%), from €16.5m to €16.0m
of which Financial debts: -€537,549
- Profit (loss) carried forward +€248,463
up €248,463 (+9.6%), from -€2.6m to -€2.3m
- Financial income +€109,611
up €109,611 (+541%), from €20,251 to €129,861
of which Non-recurring financial income: +€93,079
- Gross operating margin +€53,901
up €53,901 (+2.7%), from €2.0m to €2.0m
- Staff costs +€49,996
up €49,996 (+28.3%), from €176,712 to €226,708
- Depreciation +€27,205
up €27,205 (+2.3%), from €1.2m to €1.2m
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 | €22,257,821 | €21,973,380 | -€284,441 | -1.3% |
| Fixed assets | 21/28 | €19,256,336 | €18,530,615 | -€725,721 | -3.8% |
| Tangible fixed assets | 22/27 | €19,255,836 | €18,530,115 | -€725,721 | -3.8% |
| Land and buildings | 22 | €19,216,565 | €18,497,470 | -€719,095 | -3.7% |
| Furniture and vehicles | 24 | €38,299 | €31,027 | -€7,272 | -19.0% |
| Leasing and similar rights | 25 | €972 | €1,618 | +€646 | +66.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €3,001,485 | €3,442,765 | +€441,280 | +14.7% |
| Stocks and contracts in progress | 3 | €988,049 | €988,049 | = | 0.0% |
| Stocks | 30/36 | €988,049 | €988,049 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,182 | €68,496 | +€314 | +0.5% |
| Trade receivables | 40 | €68,128 | €68,496 | +€368 | +0.5% |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Current investments | 50/53 | - | €1,062,929 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €1,933,881 | €1,304,474 | -€629,407 | -32.5% |
| Deferred charges and accrued income | 490/1 | €11,374 | €18,818 | +€7,444 | +65.5% |
| Total equity and liabilities | 10/49 | €22,257,821 | €21,973,380 | -€284,441 | -1.3% |
| Equity | 10/15 | €5,169,934 | €5,418,397 | +€248,463 | +4.8% |
| Contributions | 10/11 | €7,749,284 | €7,749,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,579,350 | -€2,330,887 | +€248,463 | +9.6% |
| Amounts payable | 17/49 | €17,087,887 | €16,554,983 | -€532,904 | -3.1% |
| Amounts payable after more than one year | 17 | €16,503,366 | €15,967,302 | -€536,064 | -3.2% |
| Financial debts | 170/4 | €13,847,092 | €13,309,542 | -€537,549 | -3.9% |
| Other amounts payable | 178/9 | €2,656,275 | €2,657,760 | +€1,485 | +0.1% |
| Amounts payable within one year | 42/48 | €584,521 | €587,681 | +€3,160 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €523,250 | €537,549 | +€14,299 | +2.7% |
| Trade debts | 44 | €42,417 | €25,131 | -€17,286 | -40.8% |
| Suppliers | 440/4 | €42,417 | €25,131 | -€17,286 | -40.8% |
| Taxes, remuneration and social security | 45 | €17,355 | €22,902 | +€5,547 | +32.0% |
| Taxes | 450/3 | €452 | €565 | +€114 | +25.2% |
| Remuneration and social security | 454/9 | €16,904 | €22,337 | +€5,433 | +32.1% |
| Other amounts payable | 47/48 | €1,498 | €2,098 | +€600 | +40.1% |
| Remuneration, social security and pensions | 62 | €176,712 | €226,708 | +€49,996 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174,004 | €1,201,209 | +€27,205 | +2.3% |
| Other operating charges | 640/8 | €8,822 | €17,027 | +€8,204 | +93.0% |
| Gross operating margin | 9900 | €1,984,109 | €2,038,010 | +€53,901 | +2.7% |
| Operating profit (loss) | 9901 | €624,570 | €593,066 | -€31,504 | -5.0% |
| Financial income | 75/76B | €20,251 | €129,861 | +€109,611 | +541% |
| Recurring financial income | 75 | €20,046 | €36,577 | +€16,531 | +82.5% |
| Non-recurring financial income | 76B | €205 | €93,284 | +€93,079 | +45,405% |
| Financial charges | 65/66B | €490,220 | €473,899 | -€16,320 | -3.3% |
| Recurring financial charges | 65 | €490,220 | €473,899 | -€16,320 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €154,602 | €249,028 | +€94,427 | +61.1% |
| Income taxes | 67/77 | €452 | €565 | +€114 | +25.2% |
| Profit (loss) for the period | 9904 | €154,150 | €248,463 | +€94,313 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,150 | €248,463 | +€94,313 | +61.2% |
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 16 October 2026 via checked.be.