CANINCO: 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.
CANINCO
Largest movements
- Cash -€48,735
down €48,735 (-66.6%), from €73,173 to €24,438
mainly Contributions, distributions and other (-€47,059) and Trade debts (-€8,042)
- Tangible fixed assets -€7,067
down €7,067 (-48.3%), from €14,619 to €7,553
of which Plant, machinery and equipment: -€6,941
- Receivables within one year +€2,669
up €2,669 (+28.3%), from €9,416 to €12,084
of which Other amounts receivable: +€2,337
- Reserves -€39,025
down €39,025 (-58.0%), from €67,284 to €28,259
- Trade debts -€8,042
down €8,042 (-78.7%), from €10,216 to €2,174
- Debts after one year -€4,676
no longer reported in 2025 (was €4,676)
- Tax, wage and social debts -€4,319
down €4,319 (-66.9%), from €6,458 to €2,139
- Other debts +€3,573
up €3,573 (+1,407%), from €254 to €3,827
- Gross operating margin -€17,815
down €17,815 (-45.5%), from €39,146 to €21,331
- Taxes -€3,416
down €3,416 (-51.9%), from €6,579 to €3,163
- Financial charges +€494
up €494 (+23.8%), from €2,079 to €2,573
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 | €97,404 | €44,075 | -€53,329 | -54.8% |
| Fixed assets | 21/28 | €14,619 | €7,553 | -€7,067 | -48.3% |
| Tangible fixed assets | 22/27 | €14,619 | €7,553 | -€7,067 | -48.3% |
| Plant, machinery and equipment | 23 | €13,886 | €6,945 | -€6,941 | -50.0% |
| Furniture and vehicles | 24 | €733 | €607 | -€126 | -17.1% |
| Current assets | 29/58 | €82,785 | €36,522 | -€46,263 | -55.9% |
| Amounts receivable within one year | 40/41 | €9,416 | €12,084 | +€2,669 | +28.3% |
| Trade receivables | 40 | €5,995 | €6,327 | +€332 | +5.5% |
| Other amounts receivable | 41 | €3,421 | €5,757 | +€2,337 | +68.3% |
| Cash at bank and in hand | 54/58 | €73,173 | €24,438 | -€48,735 | -66.6% |
| Deferred charges and accrued income | 490/1 | €196 | - | -€196 | |
| Total equity and liabilities | 10/49 | €97,404 | €44,075 | -€53,329 | -54.8% |
| Equity | 10/15 | €70,284 | €31,259 | -€39,025 | -55.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,284 | €28,259 | -€39,025 | -58.0% |
| Distributable reserves | 133 | €67,284 | €28,259 | -€39,025 | -58.0% |
| Amounts payable | 17/49 | €27,121 | €12,816 | -€14,305 | -52.7% |
| Amounts payable after more than one year | 17 | €4,676 | - | -€4,676 | |
| Financial debts | 170/4 | €4,676 | - | -€4,676 | |
| Amounts payable within one year | 42/48 | €22,445 | €12,816 | -€9,629 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €5,516 | €4,676 | -€841 | -15.2% |
| Trade debts | 44 | €10,216 | €2,174 | -€8,042 | -78.7% |
| Suppliers | 440/4 | €10,216 | €2,174 | -€8,042 | -78.7% |
| Taxes, remuneration and social security | 45 | €6,458 | €2,139 | -€4,319 | -66.9% |
| Taxes | 450/3 | €6,458 | €2,139 | -€4,319 | -66.9% |
| Other amounts payable | 47/48 | €254 | €3,827 | +€3,573 | +1,407% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,081 | €7,067 | -€14 | -0.2% |
| Other operating charges | 640/8 | €102 | €493 | +€391 | +383% |
| Gross operating margin | 9900 | €39,146 | €21,331 | -€17,815 | -45.5% |
| Operating profit (loss) | 9901 | €31,962 | €13,770 | -€18,192 | -56.9% |
| Financial charges | 65/66B | €2,079 | €2,573 | +€494 | +23.8% |
| Recurring financial charges | 65 | €2,079 | €2,573 | +€494 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €29,883 | €11,197 | -€18,686 | -62.5% |
| Income taxes | 67/77 | €6,579 | €3,163 | -€3,416 | -51.9% |
| Profit (loss) for the period | 9904 | €23,304 | €8,034 | -€15,270 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,304 | €8,034 | -€15,270 | -65.5% |
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 14 October 2026 via checked.be.