CANELAS: 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.
CANELAS
Largest movements
- Receivables within one year -€43,129
down €43,129 (-39.4%), from €109,583 to €66,455
of which Trade receivables: -€37,612
- Deferred charges and accrued income +€20,955
up €20,955 (+860.9%), from €2,434 to €23,389
- Tangible fixed assets -€10,505
down €10,505 (-24.9%), from €42,112 to €31,607
of which Leasing and similar rights: -€8,890
- Cash +€7,010
up €7,010 (+9.9%), from €70,756 to €77,766
mainly Receivables within one year (+€43,129) and Depreciation (+€12,982)
- Trade debts -€20,399
down €20,399 (-48.9%), from €41,676 to €21,277
- Profit (loss) carried forward +€8,291
up €8,291 (+6.2%), from €134,451 to €142,742
- Current portion of long-term debt -€7,812
down €7,812 (-60.5%), from €12,904 to €5,092
- Debts after one year -€6,326
down €6,326 (-33.6%), from €18,839 to €12,513
- Gross operating margin +€6,525
up €6,525 (+25.5%), from €25,595 to €32,120
- Depreciation +€5,052
up €5,052 (+63.7%), from €7,930 to €12,982
- Taxes +€3,721
up €3,721 (+101.5%), from €3,665 to €7,386
- Financial charges -€948
down €948 (-24.0%), from €3,950 to €3,002
- Other operating charges -€869
down €869 (-65.6%), from €1,324 to €455
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 | €226,385 | €200,693 | -€25,691 | -11.3% |
| Formation expenses | 20 | €911 | €672 | -€239 | -26.2% |
| Fixed assets | 21/28 | €42,112 | €31,607 | -€10,505 | -24.9% |
| Tangible fixed assets | 22/27 | €42,112 | €31,607 | -€10,505 | -24.9% |
| Furniture and vehicles | 24 | €29,074 | €27,459 | -€1,616 | -5.6% |
| Leasing and similar rights | 25 | €13,038 | €4,148 | -€8,890 | -68.2% |
| Current assets | 29/58 | €183,362 | €168,414 | -€14,948 | -8.2% |
| Stocks and contracts in progress | 3 | €589 | €804 | +€215 | +36.6% |
| Stocks | 30/36 | €589 | €804 | +€215 | +36.6% |
| Amounts receivable within one year | 40/41 | €109,583 | €66,455 | -€43,129 | -39.4% |
| Trade receivables | 40 | €100,977 | €63,366 | -€37,612 | -37.2% |
| Other amounts receivable | 41 | €8,606 | €3,089 | -€5,517 | -64.1% |
| Cash at bank and in hand | 54/58 | €70,756 | €77,766 | +€7,010 | +9.9% |
| Deferred charges and accrued income | 490/1 | €2,434 | €23,389 | +€20,955 | +860.9% |
| Total equity and liabilities | 10/49 | €226,385 | €200,693 | -€25,691 | -11.3% |
| Equity | 10/15 | €143,003 | €151,294 | +€8,291 | +5.8% |
| Contributions | 10/11 | €6,693 | €6,693 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,451 | €142,742 | +€8,291 | +6.2% |
| Amounts payable | 17/49 | €83,382 | €49,399 | -€33,983 | -40.8% |
| Amounts payable after more than one year | 17 | €18,839 | €12,513 | -€6,326 | -33.6% |
| Financial debts | 170/4 | €18,839 | €12,513 | -€6,326 | -33.6% |
| Amounts payable within one year | 42/48 | €64,543 | €36,462 | -€28,081 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €12,904 | €5,092 | -€7,812 | -60.5% |
| Trade debts | 44 | €41,676 | €21,277 | -€20,399 | -48.9% |
| Suppliers | 440/4 | €41,676 | €21,277 | -€20,399 | -48.9% |
| Taxes, remuneration and social security | 45 | €9,922 | €10,053 | +€130 | +1.3% |
| Taxes | 450/3 | €5,664 | €7,299 | +€1,635 | +28.9% |
| Remuneration and social security | 454/9 | €4,258 | €2,753 | -€1,504 | -35.3% |
| Other amounts payable | 47/48 | €41 | €41 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,930 | €12,982 | +€5,052 | +63.7% |
| Other operating charges | 640/8 | €1,324 | €455 | -€869 | -65.6% |
| Non-recurring operating charges | 66A | €1,755 | €156 | -€1,599 | -91.1% |
| Gross operating margin | 9900 | €25,595 | €32,120 | +€6,525 | +25.5% |
| Operating profit (loss) | 9901 | €14,585 | €18,526 | +€3,941 | +27.0% |
| Financial income | 75/76B | €61 | €153 | +€92 | +152.1% |
| Recurring financial income | 75 | €61 | €153 | +€92 | +152.1% |
| Financial charges | 65/66B | €3,950 | €3,002 | -€948 | -24.0% |
| Recurring financial charges | 65 | €3,950 | €3,002 | -€948 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €10,696 | €15,677 | +€4,981 | +46.6% |
| Income taxes | 67/77 | €3,665 | €7,386 | +€3,721 | +101.5% |
| Profit (loss) for the period | 9904 | €7,031 | €8,291 | +€1,260 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,031 | €8,291 | +€1,260 | +17.9% |
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 5 October 2026 via checked.be.