CANIGULA: 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.
CANIGULA
Largest movements
- Tangible fixed assets +€137,589
up €137,589 (+1401.8%), from €9,815 to €147,403
of which Land and buildings: +€90,363
- Cash -€31,708
down €31,708 (-22.7%), from €139,784 to €108,076
mainly Investment in fixed assets (net) (-€144,629) and Receivables within one year (-€31,301)
- Receivables within one year +€31,301
up €31,301 (+57.1%), from €54,820 to €86,121
of which Other amounts receivable: +€19,649
- Reserves +€154,348
up €154,348 (+732.6%), from €21,068 to €175,416
- Profit (loss) carried forward -€118,088
down €118,088 (-100.0%), from €118,088 to €0
- Debts after one year +€88,920
new in 2025: €88,920
- Provisions +€19,063
new in 2025: €19,063
- Trade debts -€18,432
down €18,432 (-69.5%), from €26,522 to €8,090
- Provisions +€19,063
new in 2025: €19,063
- Gross operating margin +€9,315
up €9,315 (+12.4%), from €75,001 to €84,317
- Depreciation +€4,316
up €4,316 (+158.4%), from €2,725 to €7,041
- Taxes +€2,523
up €2,523 (+13.1%), from €19,298 to €21,821
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 | €236,214 | €373,365 | +€137,150 | +58.1% |
| Fixed assets | 21/28 | €13,619 | €151,207 | +€137,588 | +1010.3% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -44.4% |
| Tangible fixed assets | 22/27 | €9,815 | €147,403 | +€137,589 | +1401.8% |
| Land and buildings | 22 | - | €90,363 | +€90,363 | |
| Furniture and vehicles | 24 | €9,815 | €57,041 | +€47,226 | +481.2% |
| Financial fixed assets | 28 | €3,803 | €3,803 | = | 0.0% |
| Current assets | 29/58 | €222,596 | €222,157 | -€438 | -0.2% |
| Stocks and contracts in progress | 3 | €27,992 | €27,961 | -€31 | -0.1% |
| Stocks | 30/36 | €27,992 | €27,961 | -€31 | -0.1% |
| Amounts receivable within one year | 40/41 | €54,820 | €86,121 | +€31,301 | +57.1% |
| Trade receivables | 40 | €736 | €12,387 | +€11,651 | +1583.7% |
| Other amounts receivable | 41 | €54,084 | €73,733 | +€19,649 | +36.3% |
| Cash at bank and in hand | 54/58 | €139,784 | €108,076 | -€31,708 | -22.7% |
| Total equity and liabilities | 10/49 | €236,214 | €373,365 | +€137,150 | +58.1% |
| Equity | 10/15 | €154,156 | €190,416 | +€36,260 | +23.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,068 | €175,416 | +€154,348 | +732.6% |
| Distributable reserves | 133 | €21,068 | €175,416 | +€154,348 | +732.6% |
| Profit (loss) carried forward | 14 | €118,088 | €0 | -€118,088 | -100.0% |
| Provisions and deferred taxes | 16 | - | €19,063 | +€19,063 | |
| Provisions for liabilities and charges | 160/5 | - | €19,063 | +€19,063 | |
| Other liabilities and charges | 164/5 | - | €19,063 | +€19,063 | |
| Amounts payable | 17/49 | €82,058 | €163,885 | +€81,827 | +99.7% |
| Amounts payable after more than one year | 17 | - | €88,920 | +€88,920 | |
| Financial debts | 170/4 | - | €88,920 | +€88,920 | |
| Amounts payable within one year | 42/48 | €82,058 | €74,965 | -€7,093 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | - | €13,493 | +€13,493 | |
| Trade debts | 44 | €26,522 | €8,090 | -€18,432 | -69.5% |
| Suppliers | 440/4 | €26,522 | €8,090 | -€18,432 | -69.5% |
| Taxes, remuneration and social security | 45 | €49,643 | €47,072 | -€2,571 | -5.2% |
| Taxes | 450/3 | €49,643 | €47,005 | -€2,638 | -5.3% |
| Remuneration and social security | 454/9 | - | €67 | +€67 | |
| Other amounts payable | 47/48 | €5,893 | €6,310 | +€417 | +7.1% |
| Non-recurring operating income | 76A | €0 | €2,585 | +€2,585 | |
| Remuneration, social security and pensions | 62 | €649 | €265 | -€384 | -59.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €7,041 | +€4,316 | +158.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €19,063 | +€19,063 | |
| Other operating charges | 640/8 | €842 | €1,399 | +€558 | +66.3% |
| Non-recurring operating charges | 66A | €71 | €0 | -€71 | -100.0% |
| Gross operating margin | 9900 | €75,001 | €84,317 | +€9,315 | +12.4% |
| Operating profit (loss) | 9901 | €70,714 | €56,548 | -€14,167 | -20.0% |
| Financial income | 75/76B | €2,675 | €2,927 | +€252 | +9.4% |
| Recurring financial income | 75 | €2,675 | €2,927 | +€252 | +9.4% |
| Financial charges | 65/66B | €607 | €1,393 | +€786 | +129.5% |
| Recurring financial charges | 65 | €607 | €1,393 | +€786 | +129.5% |
| Profit (loss) for the period before taxes | 9903 | €72,783 | €58,081 | -€14,701 | -20.2% |
| Income taxes | 67/77 | €19,298 | €21,821 | +€2,523 | +13.1% |
| Profit (loss) for the period | 9904 | €53,485 | €36,260 | -€17,224 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,485 | €36,260 | -€17,224 | -32.2% |
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 30 September 2026 via checked.be.