CANIVET RAYS: 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.
CANIVET RAYS
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Deferred charges and accrued income -€6,994
down €6,994 (-81.9%), from €8,535 to €1,541
- Cash -€4,172
down €4,172 (-17.5%), from €23,846 to €19,674
mainly Current investments (-€30,000) and Trade debts (-€1,415)
- Profit (loss) carried forward +€17,584
up €17,584 (+70.4%), from €24,978 to €42,562
- Other debts +€2,494
up €2,494 (+1649.6%), from €151 to €2,645
- Trade debts -€1,415
down €1,415 (-89.7%), from €1,577 to €162
- Gross operating margin -€9,092
down €9,092 (-28.8%), from €31,584 to €22,491
- Taxes -€1,742
down €1,742 (-27.1%), from €6,424 to €4,682
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 | €33,631 | €52,551 | +€18,920 | +56.3% |
| Current assets | 29/58 | €33,631 | €52,551 | +€18,920 | +56.3% |
| Amounts receivable within one year | 40/41 | €1,250 | €1,336 | +€86 | +6.9% |
| Trade receivables | 40 | €1,250 | €1,336 | +€86 | +6.9% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €23,846 | €19,674 | -€4,172 | -17.5% |
| Deferred charges and accrued income | 490/1 | €8,535 | €1,541 | -€6,994 | -81.9% |
| Total equity and liabilities | 10/49 | €33,631 | €52,551 | +€18,920 | +56.3% |
| Equity | 10/15 | €27,478 | €45,062 | +€17,584 | +64.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,978 | €42,562 | +€17,584 | +70.4% |
| Amounts payable | 17/49 | €6,153 | €7,489 | +€1,336 | +21.7% |
| Amounts payable within one year | 42/48 | €6,153 | €7,489 | +€1,336 | +21.7% |
| Trade debts | 44 | €1,577 | €162 | -€1,415 | -89.7% |
| Suppliers | 440/4 | €1,577 | €162 | -€1,415 | -89.7% |
| Taxes, remuneration and social security | 45 | €4,424 | €4,682 | +€258 | +5.8% |
| Taxes | 450/3 | €4,424 | €4,682 | +€258 | +5.8% |
| Other amounts payable | 47/48 | €151 | €2,645 | +€2,494 | +1649.6% |
| Other operating charges | 640/8 | €127 | €100 | -€27 | -21.2% |
| Gross operating margin | 9900 | €31,584 | €22,491 | -€9,092 | -28.8% |
| Operating profit (loss) | 9901 | €31,457 | €22,392 | -€9,065 | -28.8% |
| Financial charges | 65/66B | €54 | €126 | +€72 | +132.0% |
| Recurring financial charges | 65 | €54 | €126 | +€72 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | €31,403 | €22,266 | -€9,137 | -29.1% |
| Income taxes | 67/77 | €6,424 | €4,682 | -€1,742 | -27.1% |
| Profit (loss) for the period | 9904 | €24,978 | €17,584 | -€7,395 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,978 | €17,584 | -€7,395 | -29.6% |
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 5 October 2026 via checked.be.