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CANKAN: 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.

What changed

CANKAN

BE 0802.707.167
NACE 42.220, Construction of utility projects for electricity and telecommunications
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,103
2024 · €3,286-€1,184
Equity
€10,389
2024 · €8,286+€2,103
Cash
€4,920
2024 · €7,517-€2,597
Balance sheet total
€61,289
2024 · €23,977+€37,312

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€32,000

    new in 2025: €32,000

    of which Furniture and vehicles: +€30,988

  • Deferred charges and accrued income +€4,263

    new in 2025: €4,263

  • Financial fixed assets +€3,600

    new in 2025: €3,600

  • Cash -€2,597

    down €2,597 (-34.5%), from €7,517 to €4,920

    mainly Investment in fixed assets (net) (-€39,018) and Trade debts (-€5,363)

Equity and liabilities
  • Debts after one year +€20,976

    new in 2025: €20,976

  • Current portion of long-term debt +€11,283

    new in 2025: €11,283

  • Other debts +€6,944

    up €6,944 (+355.3%), from €1,954 to €8,899

  • Trade debts -€5,363

    down €5,363 (-42.2%), from €12,704 to €7,340

  • Reserves +€2,103

    up €2,103 (+64.0%), from €3,286 to €5,389

Income statement
  • Gross operating margin +€5,299

    up €5,299 (+120.3%), from €4,404 to €9,703

  • Depreciation +€3,419

    new in 2025: €3,419

  • Other operating charges +€1,287

    up €1,287 (+718.3%), from €179 to €1,466

  • Taxes +€1,187

    up €1,187 (+129.4%), from €917 to €2,104

  • Financial charges +€422

    up €422 (+1882.0%), from €22 to €444

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €3,286
Gross operating margin +€5,299
Staff costs -€169
Depreciation -€3,419
Other operating charges -€1,287
Financial income -€0
Financial charges -€422
Taxes -€1,187
Result 2025 €2,103

Cash bridge derived

cash 2024 to 2025

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.

From operations +€4,163
Investment -€39,018
Financing +€32,259
Cash 2024 €7,517
Net result for the year +€2,103
Depreciation +€3,419
Receivables within one year -€47
Deferred charges and accrued income -€4,263
Trade debts -€5,363
Tax, wage and social debts +€1,370
Other debts +€6,944
Investment in fixed assets (net) -€39,018
Debts after one year +€20,976
Current portion of long-term debt +€11,283
Cash 2025 €4,920
Every line side by side 40 lines
Line Code 2024 2025 Change %
Total assets 20/58 €23,977 €61,289 +€37,312 +155.6%
Fixed assets 21/28 - €35,600 +€35,600
Tangible fixed assets 22/27 - €32,000 +€32,000
Plant, machinery and equipment 23 - €1,011 +€1,011
Furniture and vehicles 24 - €30,988 +€30,988
Financial fixed assets 28 - €3,600 +€3,600
Current assets 29/58 €23,977 €25,689 +€1,712 +7.1%
Amounts receivable within one year 40/41 €16,460 €16,506 +€47 +0.3%
Trade receivables 40 €15,273 €15,013 -€260 -1.7%
Other amounts receivable 41 €1,187 €1,493 +€306 +25.8%
Cash at bank and in hand 54/58 €7,517 €4,920 -€2,597 -34.5%
Deferred charges and accrued income 490/1 - €4,263 +€4,263
Total equity and liabilities 10/49 €23,977 €61,289 +€37,312 +155.6%
Equity 10/15 €8,286 €10,389 +€2,103 +25.4%
Contributions 10/11 €5,000 €5,000 = 0.0%
Reserves 13 €3,286 €5,389 +€2,103 +64.0%
Distributable reserves 133 €3,286 €5,389 +€2,103 +64.0%
Amounts payable 17/49 €15,690 €50,900 +€35,209 +224.4%
Amounts payable after more than one year 17 - €20,976 +€20,976
Financial debts 170/4 - €20,976 +€20,976
Amounts payable within one year 42/48 €15,690 €29,924 +€14,234 +90.7%
Current portion of amounts payable after more than one year 42 - €11,283 +€11,283
Trade debts 44 €12,704 €7,340 -€5,363 -42.2%
Suppliers 440/4 €12,704 €7,340 -€5,363 -42.2%
Taxes, remuneration and social security 45 €1,033 €2,402 +€1,370 +132.7%
Taxes 450/3 €1,033 €2,402 +€1,370 +132.7%
Other amounts payable 47/48 €1,954 €8,899 +€6,944 +355.3%
Remuneration, social security and pensions 62 - €169 +€169
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 - €3,419 +€3,419
Other operating charges 640/8 €179 €1,466 +€1,287 +718.3%
Gross operating margin 9900 €4,404 €9,703 +€5,299 +120.3%
Operating profit (loss) 9901 €4,225 €4,650 +€425 +10.1%
Financial income 75/76B €1 €1 -€0 -33.7%
Recurring financial income 75 €1 €1 -€0 -33.7%
Financial charges 65/66B €22 €444 +€422 +1882.0%
Recurring financial charges 65 €22 €444 +€422 +1882.0%
Profit (loss) for the period before taxes 9903 €4,203 €4,206 +€3 +0.1%
Income taxes 67/77 €917 €2,104 +€1,187 +129.4%
Profit (loss) for the period 9904 €3,286 €2,103 -€1,184 -36.0%
Profit (loss) for the period to be appropriated 9905 €3,286 €2,103 -€1,184 -36.0%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.