CANNAERT: 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.
CANNAERT
Largest movements
- Tangible fixed assets +€290,248
up €290,248 (+96.5%), from €300,907 to €591,155
of which Land and buildings: +€474,500
- Cash -€174,034
down €174,034 (-95.3%), from €182,629 to €8,595
mainly Trade debts (-€320,440) and Investment in fixed assets (net) (-€309,699)
- Stocks and contracts -€161,800
down €161,800 (-43.0%), from €376,000 to €214,200
- Receivables within one year -€43,595
down €43,595 (-84.8%), from €51,387 to €7,792
of which Trade receivables: -€48,415
- Debts after one year +€375,338
up €375,338 (+3,988%), from €9,412 to €384,750
- Trade debts -€320,440
down €320,440 (-99.1%), from €323,359 to €2,919
- Profit (loss) carried forward -€223,197
down €223,197, from €111,518 to -€111,679
- Other debts +€73,880
up €73,880 (+30.1%), from €245,090 to €318,970
- Current portion of long-term debt +€13,035
up €13,035 (+71.6%), from €18,195 to €31,230
- Gross operating margin -€101,330
down €101,330 (-53.2%), from €190,602 to €89,272
- Other operating charges +€57,521
up €57,521 (+2,561%), from €2,246 to €59,767
- Depreciation -€37,840
down €37,840 (-66.0%), from €57,291 to €19,451
- Financial charges -€2,360
down €2,360 (-71.3%), from €3,308 to €948
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.
Derived cash bridge
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 | €910,923 | €821,742 | -€89,181 | -9.8% |
| Fixed assets | 21/28 | €300,907 | €591,155 | +€290,248 | +96.5% |
| Tangible fixed assets | 22/27 | €300,907 | €591,155 | +€290,248 | +96.5% |
| Land and buildings | 22 | - | €474,500 | +€474,500 | |
| Plant, machinery and equipment | 23 | €10,672 | €21,516 | +€10,844 | +102% |
| Furniture and vehicles | 24 | €2,123 | €55,012 | +€52,889 | +2,491% |
| Other tangible fixed assets | 26 | €288,112 | €40,127 | -€247,985 | -86.1% |
| Current assets | 29/58 | €610,016 | €230,587 | -€379,429 | -62.2% |
| Stocks and contracts in progress | 3 | €376,000 | €214,200 | -€161,800 | -43.0% |
| Stocks | 30/36 | €376,000 | €214,200 | -€161,800 | -43.0% |
| Amounts receivable within one year | 40/41 | €51,387 | €7,792 | -€43,595 | -84.8% |
| Trade receivables | 40 | €51,086 | €2,671 | -€48,415 | -94.8% |
| Other amounts receivable | 41 | €301 | €5,121 | +€4,820 | +1,601% |
| Cash at bank and in hand | 54/58 | €182,629 | €8,595 | -€174,034 | -95.3% |
| Total equity and liabilities | 10/49 | €910,923 | €821,742 | -€89,181 | -9.8% |
| Equity | 10/15 | €267,647 | €40,800 | -€226,847 | -84.8% |
| Contributions | 10/11 | €56,390 | €56,390 | = | 0.0% |
| Reserves | 13 | €99,739 | €96,089 | -€3,650 | -3.7% |
| Tax-exempt reserves | 132 | €88,126 | €84,476 | -€3,650 | -4.1% |
| Distributable reserves | 133 | €11,613 | €11,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,518 | -€111,679 | -€223,197 | |
| Provisions and deferred taxes | 16 | €29,376 | €28,159 | -€1,217 | -4.1% |
| Deferred taxes | 168 | €29,376 | €28,159 | -€1,217 | -4.1% |
| Amounts payable | 17/49 | €613,900 | €752,783 | +€138,883 | +22.6% |
| Amounts payable after more than one year | 17 | €9,412 | €384,750 | +€375,338 | +3,988% |
| Financial debts | 170/4 | €9,412 | €384,750 | +€375,338 | +3,988% |
| Amounts payable within one year | 42/48 | €604,488 | €368,033 | -€236,455 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €18,195 | €31,230 | +€13,035 | +71.6% |
| Trade debts | 44 | €323,359 | €2,919 | -€320,440 | -99.1% |
| Suppliers | 440/4 | €323,359 | €2,919 | -€320,440 | -99.1% |
| Taxes, remuneration and social security | 45 | €17,844 | €14,914 | -€2,930 | -16.4% |
| Taxes | 450/3 | €3,644 | €714 | -€2,930 | -80.4% |
| Remuneration and social security | 454/9 | €14,200 | €14,200 | = | 0.0% |
| Other amounts payable | 47/48 | €245,090 | €318,970 | +€73,880 | +30.1% |
| Non-recurring operating income | 76A | €117,502 | - | -€117,502 | |
| Remuneration, social security and pensions | 62 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,291 | €19,451 | -€37,840 | -66.0% |
| Other operating charges | 640/8 | €2,246 | €59,767 | +€57,521 | +2,561% |
| Non-recurring operating charges | 66A | - | €236,400 | +€236,400 | |
| Gross operating margin | 9900 | €190,602 | €89,272 | -€101,330 | -53.2% |
| Operating profit (loss) | 9901 | €131,065 | -€226,404 | -€357,469 | |
| Financial income | 75/76B | €461 | €1,240 | +€779 | +169% |
| Recurring financial income | 75 | €461 | €1,240 | +€779 | +169% |
| Financial charges | 65/66B | €3,308 | €948 | -€2,360 | -71.3% |
| Recurring financial charges | 65 | €3,308 | €948 | -€2,360 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €128,218 | -€226,112 | -€354,330 | |
| Transfer from deferred taxes | 780 | - | €1,217 | +€1,217 | |
| Transfer to deferred taxes | 680 | €29,375 | - | -€29,375 | |
| Income taxes | 67/77 | €2,768 | €1,952 | -€816 | -29.5% |
| Profit (loss) for the period | 9904 | €96,075 | -€226,847 | -€322,922 | |
| Transfer from tax-exempt reserves | 789 | - | €3,650 | +€3,650 | |
| Transfer to tax-exempt reserves | 689 | €88,126 | - | -€88,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,949 | -€223,197 | -€231,146 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.