CANIVETO: 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.
CANIVETO
Largest movements
- Current investments +€80,000
up €80,000 (+4000.0%), from €2,000 to €82,000
- Intangible fixed assets -€39,750
down €39,750 (-16.7%), from €238,500 to €198,750
- Cash -€30,401
down €30,401 (-44.1%), from €68,860 to €38,459
mainly Current investments (-€80,000) and Other debts (-€28,901)
- Tangible fixed assets -€12,401
down €12,401 (-27.3%), from €45,429 to €33,029
of which Furniture and vehicles: -€10,401
- Stocks and contracts +€9,670
up €9,670 (+49.4%), from €19,584 to €29,254
- Reserves +€66,959
up €66,959 (+80.7%), from €82,958 to €149,917
- Other debts -€28,901
down €28,901 (-14.0%), from €206,191 to €177,290
- Tax, wage and social debts -€21,311
down €21,311 (-51.8%), from €41,179 to €19,868
of which Taxes: -€22,947
- Debts after one year -€11,250
down €11,250 (-52.2%), from €21,563 to €10,313
- Gross operating margin +€49,204
up €49,204 (+37.7%), from €130,550 to €179,754
- Staff costs +€17,347
up €17,347 (+167.8%), from €10,337 to €27,684
- Taxes +€11,729
up €11,729 (+59.2%), from €19,827 to €31,556
- Other operating charges -€5,328
down €5,328 (-92.4%), from €5,768 to €440
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 | €376,827 | €383,592 | +€6,765 | +1.8% |
| Fixed assets | 21/28 | €283,929 | €231,779 | -€52,151 | -18.4% |
| Intangible fixed assets | 21 | €238,500 | €198,750 | -€39,750 | -16.7% |
| Tangible fixed assets | 22/27 | €45,429 | €33,029 | -€12,401 | -27.3% |
| Plant, machinery and equipment | 23 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Furniture and vehicles | 24 | €39,429 | €29,029 | -€10,401 | -26.4% |
| Current assets | 29/58 | €92,897 | €151,813 | +€58,916 | +63.4% |
| Stocks and contracts in progress | 3 | €19,584 | €29,254 | +€9,670 | +49.4% |
| Stocks | 30/36 | €19,584 | €29,254 | +€9,670 | +49.4% |
| Amounts receivable within one year | 40/41 | €42 | €140 | +€98 | +236.2% |
| Other amounts receivable | 41 | €42 | €140 | +€98 | +236.2% |
| Current investments | 50/53 | €2,000 | €82,000 | +€80,000 | +4000.0% |
| Cash at bank and in hand | 54/58 | €68,860 | €38,459 | -€30,401 | -44.1% |
| Deferred charges and accrued income | 490/1 | €2,412 | €1,960 | -€451 | -18.7% |
| Total equity and liabilities | 10/49 | €376,827 | €383,592 | +€6,765 | +1.8% |
| Equity | 10/15 | €86,958 | €153,917 | +€66,959 | +77.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €82,958 | €149,917 | +€66,959 | +80.7% |
| Distributable reserves | 133 | €82,958 | €149,917 | +€66,959 | +80.7% |
| Amounts payable | 17/49 | €289,869 | €229,675 | -€60,194 | -20.8% |
| Amounts payable after more than one year | 17 | €21,563 | €10,313 | -€11,250 | -52.2% |
| Financial debts | 170/4 | €21,563 | €10,313 | -€11,250 | -52.2% |
| Amounts payable within one year | 42/48 | €268,306 | €219,362 | -€48,944 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €11,250 | = | 0.0% |
| Trade debts | 44 | €9,686 | €10,954 | +€1,268 | +13.1% |
| Suppliers | 440/4 | €9,686 | €10,954 | +€1,268 | +13.1% |
| Taxes, remuneration and social security | 45 | €41,179 | €19,868 | -€21,311 | -51.8% |
| Taxes | 450/3 | €37,221 | €14,274 | -€22,947 | -61.6% |
| Remuneration and social security | 454/9 | €3,957 | €5,593 | +€1,636 | +41.3% |
| Other amounts payable | 47/48 | €206,191 | €177,290 | -€28,901 | -14.0% |
| Remuneration, social security and pensions | 62 | €10,337 | €27,684 | +€17,347 | +167.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,151 | €52,151 | = | 0.0% |
| Other operating charges | 640/8 | €5,768 | €440 | -€5,328 | -92.4% |
| Gross operating margin | 9900 | €130,550 | €179,754 | +€49,204 | +37.7% |
| Operating profit (loss) | 9901 | €62,295 | €99,479 | +€37,184 | +59.7% |
| Financial income | 75/76B | €280 | - | -€280 | |
| Recurring financial income | 75 | €280 | - | -€280 | |
| Financial charges | 65/66B | €895 | €964 | +€69 | +7.7% |
| Recurring financial charges | 65 | €895 | €964 | +€69 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €61,679 | €98,515 | +€36,836 | +59.7% |
| Income taxes | 67/77 | €19,827 | €31,556 | +€11,729 | +59.2% |
| Profit (loss) for the period | 9904 | €41,853 | €66,959 | +€25,106 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,853 | €66,959 | +€25,106 | +60.0% |
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 7 October 2026 via checked.be.