CANNAERT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€619,712
up €619,712 (+254.1%), from €243,890 to €863,602
mainly Other debts (+€350,397) and Receivables within one year (+€307,143)
- Receivables within one year -€307,143
down €307,143 (-68.7%), from €446,855 to €139,712
of which Other amounts receivable: -€311,522
- Tangible fixed assets -€163,782
down €163,782 (-23.2%), from €704,509 to €540,727
of which Land and buildings: -€128,019
- Other debts +€350,397
up €350,397 (+181.8%), from €192,734 to €543,131
- Reserves -€196,588
down €196,588 (-17.5%), from €1.1m to €926,082
of which Distributable reserves: -€194,728
- Financial income -€49,641
down €49,641 (-99.6%), from €49,826 to €185
of which Non-recurring financial income: -€47,000
- Gross operating margin +€19,772
up €19,772 (+3.7%), from €527,304 to €547,076
- Taxes -€9,254
down €9,254 (-7.2%), from €129,350 to €120,095
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 | €1,396,304 | €1,546,031 | +€149,726 | +10.7% |
| Fixed assets | 21/28 | €704,619 | €540,837 | -€163,782 | -23.2% |
| Tangible fixed assets | 22/27 | €704,509 | €540,727 | -€163,782 | -23.2% |
| Land and buildings | 22 | €579,061 | €451,043 | -€128,019 | -22.1% |
| Plant, machinery and equipment | 23 | €2,245 | €1,236 | -€1,009 | -44.9% |
| Furniture and vehicles | 24 | €123,203 | €88,448 | -€34,754 | -28.2% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €691,685 | €1,005,193 | +€313,508 | +45.3% |
| Amounts receivable within one year | 40/41 | €446,855 | €139,712 | -€307,143 | -68.7% |
| Trade receivables | 40 | €124,630 | €129,009 | +€4,379 | +3.5% |
| Other amounts receivable | 41 | €322,225 | €10,703 | -€311,522 | -96.7% |
| Cash at bank and in hand | 54/58 | €243,890 | €863,602 | +€619,712 | +254.1% |
| Deferred charges and accrued income | 490/1 | €940 | €1,880 | +€940 | +99.9% |
| Total equity and liabilities | 10/49 | €1,396,304 | €1,546,031 | +€149,726 | +10.7% |
| Equity | 10/15 | €1,128,870 | €932,282 | -€196,588 | -17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,122,670 | €926,082 | -€196,588 | -17.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,120,810 | €926,082 | -€194,728 | -17.4% |
| Amounts payable | 17/49 | €267,434 | €613,749 | +€346,315 | +129.5% |
| Amounts payable within one year | 42/48 | €267,434 | €613,749 | +€346,315 | +129.5% |
| Trade debts | 44 | €4,962 | €2,921 | -€2,041 | -41.1% |
| Suppliers | 440/4 | €4,962 | €2,921 | -€2,041 | -41.1% |
| Taxes, remuneration and social security | 45 | €69,738 | €67,697 | -€2,041 | -2.9% |
| Taxes | 450/3 | €66,638 | €64,597 | -€2,041 | -3.1% |
| Remuneration and social security | 454/9 | €3,100 | €3,100 | = | 0.0% |
| Other amounts payable | 47/48 | €192,734 | €543,131 | +€350,397 | +181.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,846 | €163,782 | +€3,936 | +2.5% |
| Other operating charges | 640/8 | €9,411 | €9,526 | +€115 | +1.2% |
| Gross operating margin | 9900 | €527,304 | €547,076 | +€19,772 | +3.7% |
| Operating profit (loss) | 9901 | €358,047 | €373,768 | +€15,721 | +4.4% |
| Financial income | 75/76B | €49,826 | €185 | -€49,641 | -99.6% |
| Recurring financial income | 75 | €2,826 | €185 | -€2,641 | -93.5% |
| Non-recurring financial income | 76B | €47,000 | - | -€47,000 | |
| Financial charges | 65/66B | €5,423 | €4,572 | -€851 | -15.7% |
| Recurring financial charges | 65 | €5,423 | €4,572 | -€851 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €402,449 | €369,381 | -€33,068 | -8.2% |
| Income taxes | 67/77 | €129,350 | €120,095 | -€9,254 | -7.2% |
| Profit (loss) for the period | 9904 | €273,100 | €249,286 | -€23,814 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €273,100 | €249,286 | -€23,814 | -8.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.