CANINE: 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.
CANINE
Largest movements
- Stocks and contracts -€24,720
down €24,720 (-34.3%), from €72,000 to €47,280
- Tangible fixed assets -€8,119
down €8,119 (-13.0%), from €62,301 to €54,182
of which Other tangible fixed assets: -€6,444
- Intangible fixed assets -€5,739
down €5,739 (-31.2%), from €18,390 to €12,651
- Receivables within one year +€3,797
up €3,797 (+27.3%), from €13,891 to €17,687
of which Other amounts receivable: +€3,196
- Debts after one year -€40,015
down €40,015 (-33.1%), from €120,724 to €80,709
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts +€4,380
up €4,380 (+23.2%), from €18,871 to €23,251
- Profit (loss) carried forward +€4,281
up €4,281 (+21.6%), from -€19,835 to -€15,554
- Accrued charges and deferred income +€3,300
new in 2025: €3,300
- Gross operating margin +€25,927
up €25,927, from -€12 to €25,915
- Financial charges -€1,550
down €1,550 (-18.0%), from €8,595 to €7,045
- Other operating charges +€927
up €927 (+139.5%), from €665 to €1,592
- Depreciation -€408
down €408 (-2.9%), from €14,266 to €13,858
- Financial income +€398
up €398 (+85.8%), from €463 to €861
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 | €195,966 | €161,312 | -€34,654 | -17.7% |
| Fixed assets | 21/28 | €97,241 | €82,983 | -€14,258 | -14.7% |
| Intangible fixed assets | 21 | €18,390 | €12,651 | -€5,739 | -31.2% |
| Tangible fixed assets | 22/27 | €62,301 | €54,182 | -€8,119 | -13.0% |
| Furniture and vehicles | 24 | €6,014 | €4,339 | -€1,675 | -27.9% |
| Other tangible fixed assets | 26 | €56,286 | €49,843 | -€6,444 | -11.4% |
| Financial fixed assets | 28 | €16,550 | €16,150 | -€400 | -2.4% |
| Current assets | 29/58 | €98,725 | €78,329 | -€20,396 | -20.7% |
| Stocks and contracts in progress | 3 | €72,000 | €47,280 | -€24,720 | -34.3% |
| Stocks | 30/36 | €72,000 | €47,280 | -€24,720 | -34.3% |
| Amounts receivable within one year | 40/41 | €13,891 | €17,687 | +€3,797 | +27.3% |
| Trade receivables | 40 | €461 | €1,062 | +€601 | +130.4% |
| Other amounts receivable | 41 | €13,430 | €16,626 | +€3,196 | +23.8% |
| Cash at bank and in hand | 54/58 | €12,632 | €12,954 | +€322 | +2.5% |
| Deferred charges and accrued income | 490/1 | €202 | €408 | +€205 | +101.2% |
| Total equity and liabilities | 10/49 | €195,966 | €161,312 | -€34,654 | -17.7% |
| Equity | 10/15 | -€5,835 | -€1,554 | +€4,281 | +73.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,835 | -€15,554 | +€4,281 | +21.6% |
| Amounts payable | 17/49 | €201,800 | €162,866 | -€38,934 | -19.3% |
| Amounts payable after more than one year | 17 | €120,724 | €80,709 | -€40,015 | -33.1% |
| Financial debts | 170/4 | €120,724 | €80,709 | -€40,015 | -33.1% |
| Amounts payable within one year | 42/48 | €81,076 | €78,857 | -€2,219 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €38,206 | €40,015 | +€1,809 | +4.7% |
| Trade debts | 44 | €18,871 | €23,251 | +€4,380 | +23.2% |
| Suppliers | 440/4 | €18,871 | €23,251 | +€4,380 | +23.2% |
| Taxes, remuneration and social security | 45 | €13,999 | €15,590 | +€1,592 | +11.4% |
| Taxes | 450/3 | €13,999 | €15,590 | +€1,592 | +11.4% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €3,300 | +€3,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,266 | €13,858 | -€408 | -2.9% |
| Other operating charges | 640/8 | €665 | €1,592 | +€927 | +139.5% |
| Gross operating margin | 9900 | -€12 | €25,915 | +€25,927 | |
| Operating profit (loss) | 9901 | -€14,943 | €10,465 | +€25,408 | |
| Financial income | 75/76B | €463 | €861 | +€398 | +85.8% |
| Recurring financial income | 75 | €463 | €861 | +€398 | +85.8% |
| Financial charges | 65/66B | €8,595 | €7,045 | -€1,550 | -18.0% |
| Recurring financial charges | 65 | €8,595 | €7,045 | -€1,550 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,075 | €4,281 | +€27,355 | |
| Profit (loss) for the period | 9904 | -€23,075 | €4,281 | +€27,355 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,075 | €4,281 | +€27,355 |
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 10 October 2026 via checked.be.