CANMAR: 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.
CANMAR
Largest movements
- Receivables within one year -€374,533
down €374,533 (-83.8%), from €447,100 to €72,567
of which Trade receivables: -€424,809
- Cash -€37,335
down €37,335 (-89.0%), from €41,963 to €4,628
mainly Debts after one year (-€167,623) and Short-term financial debts (-€100,000)
- Tangible fixed assets -€14,966
down €14,966 (-100.0%), from €14,966 to €0
of which Furniture and vehicles: -€14,966
- Deferred charges and accrued income -€8,685
down €8,685 (-78.3%), from €11,092 to €2,407
- Debts after one year -€167,623
down €167,623 (-100.0%), from €167,623 to €0
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Other debts -€92,118
down €92,118 (-57.0%), from €161,531 to €69,413
- Current portion of long-term debt -€29,320
down €29,320 (-100.0%), from €29,320 to €0
- Trade debts -€19,475
down €19,475 (-86.6%), from €22,500 to €3,025
- Gross operating margin -€460,459
down €460,459 (-97.7%), from €471,288 to €10,829
- Staff costs -€394,390
down €394,390 (-100.0%), from €394,390 to €0
- Financial charges -€7,717
down €7,717 (-47.4%), from €16,288 to €8,571
- Depreciation -€4,751
down €4,751 (-100.0%), from €4,751 to €0
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 | €517,020 | €79,602 | -€437,418 | -84.6% |
| Fixed assets | 21/28 | €16,866 | €0 | -€16,866 | -100.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €14,966 | €0 | -€14,966 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €14,966 | €0 | -€14,966 | -100.0% |
| Financial fixed assets | 28 | €1,900 | €0 | -€1,900 | -100.0% |
| Current assets | 29/58 | €500,155 | €79,602 | -€420,553 | -84.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €447,100 | €72,567 | -€374,533 | -83.8% |
| Trade receivables | 40 | €446,196 | €21,387 | -€424,809 | -95.2% |
| Other amounts receivable | 41 | €904 | €51,180 | +€50,276 | +5561.4% |
| Cash at bank and in hand | 54/58 | €41,963 | €4,628 | -€37,335 | -89.0% |
| Deferred charges and accrued income | 490/1 | €11,092 | €2,407 | -€8,685 | -78.3% |
| Total equity and liabilities | 10/49 | €517,020 | €79,602 | -€437,418 | -84.6% |
| Equity | 10/15 | €19,795 | €7,164 | -€12,631 | -63.8% |
| Contributions | 10/11 | €8,680 | €8,680 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,115 | -€1,516 | -€12,631 | |
| Amounts payable | 17/49 | €497,225 | €72,438 | -€424,787 | -85.4% |
| Amounts payable after more than one year | 17 | €167,623 | €0 | -€167,623 | -100.0% |
| Financial debts | 170/4 | €167,623 | €0 | -€167,623 | -100.0% |
| Amounts payable within one year | 42/48 | €329,603 | €72,438 | -€257,165 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €29,320 | €0 | -€29,320 | -100.0% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €22,500 | €3,025 | -€19,475 | -86.6% |
| Suppliers | 440/4 | €22,500 | €3,025 | -€19,475 | -86.6% |
| Advances received on contracts in progress | 46 | €2,075 | €0 | -€2,075 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,177 | €0 | -€14,177 | -100.0% |
| Taxes | 450/3 | €10,558 | €0 | -€10,558 | -100.0% |
| Remuneration and social security | 454/9 | €3,619 | €0 | -€3,619 | -100.0% |
| Other amounts payable | 47/48 | €161,531 | €69,413 | -€92,118 | -57.0% |
| Non-recurring operating income | 76A | €2,767 | €0 | -€2,767 | -100.0% |
| Remuneration, social security and pensions | 62 | €394,390 | €0 | -€394,390 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,751 | €0 | -€4,751 | -100.0% |
| Other operating charges | 640/8 | €5,449 | €1,424 | -€4,025 | -73.9% |
| Non-recurring operating charges | 66A | €35,607 | €13,466 | -€22,141 | -62.2% |
| Gross operating margin | 9900 | €471,288 | €10,829 | -€460,459 | -97.7% |
| Operating profit (loss) | 9901 | €31,091 | -€4,060 | -€35,152 | |
| Financial income | 75/76B | €76 | €0 | -€76 | -99.5% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -99.5% |
| Financial charges | 65/66B | €16,288 | €8,571 | -€7,717 | -47.4% |
| Recurring financial charges | 65 | €16,288 | €8,571 | -€7,717 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €14,879 | -€12,631 | -€27,510 | |
| Income taxes | 67/77 | €4,534 | €0 | -€4,534 | -100.0% |
| Profit (loss) for the period | 9904 | €10,346 | -€12,631 | -€22,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,346 | -€12,631 | -€22,977 |
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 11 October 2026 via checked.be.