Canelle Validation Technology Services: 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.
Canelle Validation Technology Services
Largest movements
- Receivables within one year -€13,802
down €13,802 (-30.0%), from €46,023 to €32,221
of which Trade receivables: -€12,840
- Cash +€12,670
up €12,670 (+89.0%), from €14,231 to €26,901
mainly Other debts (+€39,864) and Depreciation (+€22,677)
- Tangible fixed assets -€2,934
down €2,934 (-5.3%), from €55,769 to €52,835
of which Furniture and vehicles: -€6,002
- Deferred charges and accrued income +€1,225
up €1,225 (+88.0%), from €1,392 to €2,617
- Other debts +€39,864
up €39,864 (+2582.5%), from €1,544 to €41,407
- Profit (loss) carried forward -€35,421
down €35,421 (-59.5%), from €59,543 to €24,122
- Debts after one year -€12,184
down €12,184 (-41.6%), from €29,278 to €17,094
- Current portion of long-term debt +€2,858
up €2,858 (+24.5%), from €11,664 to €14,522
- Accrued charges and deferred income +€1,952
new in 2025: €1,952
- Gross operating margin +€22,307
up €22,307 (+71.3%), from €31,269 to €53,576
- Taxes +€5,201
up €5,201 (+236.2%), from €2,202 to €7,403
- Depreciation +€3,012
up €3,012 (+15.3%), from €19,666 to €22,677
- Financial charges -€748
down €748 (-16.1%), from €4,646 to €3,898
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 | €117,416 | €114,575 | -€2,841 | -2.4% |
| Fixed assets | 21/28 | €55,769 | €52,835 | -€2,934 | -5.3% |
| Tangible fixed assets | 22/27 | €55,769 | €52,835 | -€2,934 | -5.3% |
| Furniture and vehicles | 24 | €54,919 | €48,917 | -€6,002 | -10.9% |
| Other tangible fixed assets | 26 | €850 | €3,918 | +€3,068 | +360.8% |
| Current assets | 29/58 | €61,646 | €61,739 | +€93 | +0.2% |
| Amounts receivable within one year | 40/41 | €46,023 | €32,221 | -€13,802 | -30.0% |
| Trade receivables | 40 | €26,426 | €13,586 | -€12,840 | -48.6% |
| Other amounts receivable | 41 | €19,596 | €18,634 | -€962 | -4.9% |
| Cash at bank and in hand | 54/58 | €14,231 | €26,901 | +€12,670 | +89.0% |
| Deferred charges and accrued income | 490/1 | €1,392 | €2,617 | +€1,225 | +88.0% |
| Total equity and liabilities | 10/49 | €117,416 | €114,575 | -€2,841 | -2.4% |
| Equity | 10/15 | €62,543 | €27,122 | -€35,421 | -56.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,543 | €24,122 | -€35,421 | -59.5% |
| Amounts payable | 17/49 | €54,873 | €87,453 | +€32,580 | +59.4% |
| Amounts payable after more than one year | 17 | €29,278 | €17,094 | -€12,184 | -41.6% |
| Financial debts | 170/4 | €29,278 | €17,094 | -€12,184 | -41.6% |
| Amounts payable within one year | 42/48 | €25,595 | €68,406 | +€42,812 | +167.3% |
| Current portion of amounts payable after more than one year | 42 | €11,664 | €14,522 | +€2,858 | +24.5% |
| Trade debts | 44 | €3,193 | €3,673 | +€480 | +15.0% |
| Suppliers | 440/4 | €3,193 | €3,673 | +€480 | +15.0% |
| Taxes, remuneration and social security | 45 | €9,194 | €8,804 | -€390 | -4.2% |
| Taxes | 450/3 | €9,194 | €8,804 | -€390 | -4.2% |
| Other amounts payable | 47/48 | €1,544 | €41,407 | +€39,864 | +2582.5% |
| Accrued charges and deferred income | 492/3 | - | €1,952 | +€1,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,666 | €22,677 | +€3,012 | +15.3% |
| Other operating charges | 640/8 | €148 | €551 | +€403 | +272.3% |
| Gross operating margin | 9900 | €31,269 | €53,576 | +€22,307 | +71.3% |
| Operating profit (loss) | 9901 | €11,455 | €30,347 | +€18,892 | +164.9% |
| Financial income | 75/76B | €224 | €532 | +€308 | +137.7% |
| Recurring financial income | 75 | €224 | €532 | +€308 | +137.7% |
| Financial charges | 65/66B | €4,646 | €3,898 | -€748 | -16.1% |
| Recurring financial charges | 65 | €4,646 | €3,898 | -€748 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €7,033 | €26,982 | +€19,948 | +283.6% |
| Income taxes | 67/77 | €2,202 | €7,403 | +€5,201 | +236.2% |
| Profit (loss) for the period | 9904 | €4,831 | €19,579 | +€14,748 | +305.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,831 | €19,579 | +€14,748 | +305.3% |
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 3 October 2026 via checked.be.