CANICULE: 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.
CANICULE
Largest movements
- Financial fixed assets -€125,000
down €125,000 (-20.2%), from €617,290 to €492,290
- Receivables within one year +€18,890
up €18,890 (+37.2%), from €50,819 to €69,709
of which Other amounts receivable: +€44,906
- Cash +€11,338
up €11,338 (+10,777%), from €105 to €11,443
mainly Investment in fixed assets (net) (+€120,588) and Current portion of long-term debt (+€9,764)
- Other debts -€44,451
down €44,451 (-100%), from €44,451 to €0
- Debts after one year -€35,398
down €35,398 (-12.6%), from €280,451 to €245,052
- Profit (loss) carried forward -€10,821
new in 2025: -€10,821
- Current portion of long-term debt +€9,764
up €9,764 (+9.2%), from €106,263 to €116,027
- Tax, wage and social debts -€7,126
down €7,126 (-52.2%), from €13,651 to €6,525
- Financial charges +€122,811
up €122,811 (+757%), from €16,220 to €139,031
- Financial income +€60,206
up €60,206 (+31,960%), from €188 to €60,395
- Taxes -€8,917
down €8,917 (-34.5%), from €25,873 to €16,956
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 | €687,522 | €592,798 | -€94,723 | -13.8% |
| Fixed assets | 21/28 | €635,819 | €510,703 | -€125,115 | -19.7% |
| Tangible fixed assets | 22/27 | €18,529 | €18,413 | -€115 | -0.6% |
| Plant, machinery and equipment | 23 | €423 | €330 | -€92 | -21.9% |
| Furniture and vehicles | 24 | €7,454 | €6,656 | -€798 | -10.7% |
| Other tangible fixed assets | 26 | €10,652 | €11,428 | +€775 | +7.3% |
| Financial fixed assets | 28 | €617,290 | €492,290 | -€125,000 | -20.2% |
| Current assets | 29/58 | €51,703 | €82,095 | +€30,392 | +58.8% |
| Amounts receivable within one year | 40/41 | €50,819 | €69,709 | +€18,890 | +37.2% |
| Trade receivables | 40 | €45,830 | €19,814 | -€26,016 | -56.8% |
| Other amounts receivable | 41 | €4,989 | €49,895 | +€44,906 | +900% |
| Cash at bank and in hand | 54/58 | €105 | €11,443 | +€11,338 | +10,777% |
| Deferred charges and accrued income | 490/1 | €779 | €943 | +€164 | +21.0% |
| Total equity and liabilities | 10/49 | €687,522 | €592,798 | -€94,723 | -13.8% |
| Equity | 10/15 | €231,615 | €220,794 | -€10,821 | -4.7% |
| Contributions | 10/11 | €134,000 | €134,000 | = | 0.0% |
| Capital | 10 | €134,000 | €134,000 | = | 0.0% |
| Issued capital | 100 | €134,000 | €134,000 | = | 0.0% |
| Reserves | 13 | €97,615 | €97,615 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €78,865 | €78,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,821 | -€10,821 | |
| Amounts payable | 17/49 | €455,906 | €372,004 | -€83,902 | -18.4% |
| Amounts payable after more than one year | 17 | €280,451 | €245,052 | -€35,398 | -12.6% |
| Financial debts | 170/4 | €280,451 | €245,052 | -€35,398 | -12.6% |
| Amounts payable within one year | 42/48 | €175,304 | €126,952 | -€48,352 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €106,263 | €116,027 | +€9,764 | +9.2% |
| Trade debts | 44 | €10,939 | €4,399 | -€6,539 | -59.8% |
| Suppliers | 440/4 | €10,939 | €4,399 | -€6,539 | -59.8% |
| Taxes, remuneration and social security | 45 | €13,651 | €6,525 | -€7,126 | -52.2% |
| Taxes | 450/3 | €13,651 | €6,525 | -€7,126 | -52.2% |
| Other amounts payable | 47/48 | €44,451 | €0 | -€44,451 | -100% |
| Accrued charges and deferred income | 492/3 | €152 | €0 | -€152 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,394 | €4,527 | +€133 | +3.0% |
| Other operating charges | 640/8 | €1,510 | €1,332 | -€178 | -11.8% |
| Gross operating margin | 9900 | €91,231 | €90,630 | -€601 | -0.7% |
| Operating profit (loss) | 9901 | €85,327 | €84,771 | -€556 | -0.7% |
| Financial income | 75/76B | €188 | €60,395 | +€60,206 | +31,960% |
| Recurring financial income | 75 | €188 | €60,395 | +€60,206 | +31,960% |
| Financial charges | 65/66B | €16,220 | €139,031 | +€122,811 | +757% |
| Recurring financial charges | 65 | €16,220 | €139,031 | +€122,811 | +757% |
| Profit (loss) for the period before taxes | 9903 | €69,295 | €6,135 | -€63,160 | -91.1% |
| Income taxes | 67/77 | €25,873 | €16,956 | -€8,917 | -34.5% |
| Profit (loss) for the period | 9904 | €43,423 | -€10,821 | -€54,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,423 | -€10,821 | -€54,243 |
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 15 October 2026 via checked.be.