CANELL: 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.
CANELL
Largest movements
- Cash +€3,325
up €3,325 (+8.4%), from €39,679 to €43,004
mainly Other debts (+€40,000) and Net result for the year (+€31,460)
- Tangible fixed assets -€2,393
down €2,393 (-48.8%), from €4,902 to €2,509
of which Furniture and vehicles: -€2,270
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€38,540
down €38,540 (-80.7%), from €47,742 to €9,202
- Tax, wage and social debts +€1,964
up €1,964 (+13.1%), from €15,034 to €16,998
of which Taxes: +€1,133
- Current portion of long-term debt -€1,008
down €1,008 (-42.8%), from €2,356 to €1,348
- Gross operating margin +€9,887
up €9,887 (+12.4%), from €80,057 to €89,945
- Staff costs -€7,739
down €7,739 (-15.0%), from €51,642 to €43,903
- Taxes +€3,819
up €3,819 (+66.3%), from €5,756 to €9,575
- Depreciation -€1,676
down €1,676 (-35.9%), from €4,662 to €2,987
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 | €72,446 | €73,863 | +€1,417 | +2.0% |
| Fixed assets | 21/28 | €5,502 | €3,109 | -€2,393 | -43.5% |
| Tangible fixed assets | 22/27 | €4,902 | €2,509 | -€2,393 | -48.8% |
| Plant, machinery and equipment | 23 | €122 | - | -€122 | |
| Furniture and vehicles | 24 | €4,779 | €2,509 | -€2,270 | -47.5% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €66,945 | €70,754 | +€3,809 | +5.7% |
| Amounts receivable within one year | 40/41 | €22,771 | €23,273 | +€502 | +2.2% |
| Trade receivables | 40 | €19,883 | €17,989 | -€1,894 | -9.5% |
| Other amounts receivable | 41 | €2,888 | €5,284 | +€2,396 | +83.0% |
| Cash at bank and in hand | 54/58 | €39,679 | €43,004 | +€3,325 | +8.4% |
| Deferred charges and accrued income | 490/1 | €4,495 | €4,477 | -€17 | -0.4% |
| Total equity and liabilities | 10/49 | €72,446 | €73,863 | +€1,417 | +2.0% |
| Equity | 10/15 | €52,742 | €14,202 | -€38,540 | -73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,742 | €9,202 | -€38,540 | -80.7% |
| Amounts payable | 17/49 | €19,704 | €59,661 | +€39,957 | +203% |
| Amounts payable within one year | 42/48 | €19,704 | €59,661 | +€39,957 | +203% |
| Current portion of amounts payable after more than one year | 42 | €2,356 | €1,348 | -€1,008 | -42.8% |
| Financial debts | 43 | €1,281 | €599 | -€682 | -53.2% |
| Credit institutions | 430/8 | €1,281 | €599 | -€682 | -53.2% |
| Trade debts | 44 | €1,032 | €714 | -€318 | -30.8% |
| Suppliers | 440/4 | €1,032 | €714 | -€318 | -30.8% |
| Taxes, remuneration and social security | 45 | €15,034 | €16,998 | +€1,964 | +13.1% |
| Taxes | 450/3 | €10,203 | €11,337 | +€1,133 | +11.1% |
| Remuneration and social security | 454/9 | €4,831 | €5,662 | +€831 | +17.2% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €51,642 | €43,903 | -€7,739 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,662 | €2,987 | -€1,676 | -35.9% |
| Other operating charges | 640/8 | €868 | €641 | -€227 | -26.1% |
| Gross operating margin | 9900 | €80,057 | €89,945 | +€9,887 | +12.4% |
| Operating profit (loss) | 9901 | €22,885 | €42,413 | +€19,528 | +85.3% |
| Financial income | 75/76B | €118 | €278 | +€160 | +136% |
| Recurring financial income | 75 | €118 | €278 | +€160 | +136% |
| Financial charges | 65/66B | €1,645 | €1,656 | +€11 | +0.7% |
| Recurring financial charges | 65 | €1,645 | €1,656 | +€11 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €21,358 | €41,035 | +€19,677 | +92.1% |
| Income taxes | 67/77 | €5,756 | €9,575 | +€3,819 | +66.3% |
| Profit (loss) for the period | 9904 | €15,602 | €31,460 | +€15,858 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €15,602 | €31,460 | +€15,858 | +102% |
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 28 October 2026 via checked.be.