Cannaerts Holding: 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.
Cannaerts Holding
Largest movements
- Receivables within one year -€63,025
down €63,025 (-48.6%), from €129,692 to €66,667
of which Other amounts receivable: -€106,496
- Debts after one year -€196,152
down €196,152 (-23.0%), from €851,793 to €655,641
- Reserves +€119,784
up €119,784 (+41.6%), from €287,717 to €407,502
- Other debts -€33,054
down €33,054 (-10.8%), from €304,989 to €271,935
- Tax, wage and social debts -€21,200
down €21,200 (-29.0%), from €72,993 to €51,793
- Current portion of long-term debt +€20,191
up €20,191 (+10.0%), from €200,966 to €221,157
- Gross operating margin +€29,926
up €29,926 (+16.5%), from €181,215 to €211,141
- Taxes +€8,606
up €8,606 (+24.7%), from €34,912 to €43,519
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 | €1,737,273 | €1,662,432 | -€74,841 | -4.3% |
| Fixed assets | 21/28 | €1,443,382 | €1,440,638 | -€2,744 | -0.2% |
| Tangible fixed assets | 22/27 | €20,700 | €17,956 | -€2,744 | -13.3% |
| Land and buildings | 22 | €4,854 | €3,721 | -€1,133 | -23.3% |
| Furniture and vehicles | 24 | €8,739 | €7,127 | -€1,611 | -18.4% |
| Other tangible fixed assets | 26 | €7,107 | €7,107 | = | 0.0% |
| Financial fixed assets | 28 | €1,422,682 | €1,422,682 | = | 0.0% |
| Current assets | 29/58 | €293,892 | €221,795 | -€72,097 | -24.5% |
| Amounts receivable within one year | 40/41 | €129,692 | €66,667 | -€63,025 | -48.6% |
| Trade receivables | 40 | €23,196 | €66,667 | +€43,470 | +187% |
| Other amounts receivable | 41 | €106,496 | - | -€106,496 | |
| Current investments | 50/53 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,286 | €23,173 | -€7,112 | -23.5% |
| Deferred charges and accrued income | 490/1 | €3,914 | €1,955 | -€1,959 | -50.1% |
| Total equity and liabilities | 10/49 | €1,737,273 | €1,662,432 | -€74,841 | -4.3% |
| Equity | 10/15 | €290,717 | €410,502 | +€119,784 | +41.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €287,717 | €407,502 | +€119,784 | +41.6% |
| Distributable reserves | 133 | €287,717 | €407,502 | +€119,784 | +41.6% |
| Amounts payable | 17/49 | €1,446,556 | €1,251,931 | -€194,626 | -13.5% |
| Amounts payable after more than one year | 17 | €851,793 | €655,641 | -€196,152 | -23.0% |
| Financial debts | 170/4 | €851,793 | €655,641 | -€196,152 | -23.0% |
| Amounts payable within one year | 42/48 | €594,750 | €594,790 | +€40 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €200,966 | €221,157 | +€20,191 | +10.0% |
| Trade debts | 44 | €15,802 | €34,904 | +€19,103 | +121% |
| Suppliers | 440/4 | €15,802 | €34,904 | +€19,103 | +121% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €72,993 | €51,793 | -€21,200 | -29.0% |
| Taxes | 450/3 | €72,993 | €51,793 | -€21,200 | -29.0% |
| Other amounts payable | 47/48 | €304,989 | €271,935 | -€33,054 | -10.8% |
| Accrued charges and deferred income | 492/3 | €13 | €1,500 | +€1,487 | +11,238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €3,693 | -€1,194 | -24.4% |
| Other operating charges | 640/8 | €1,042 | €644 | -€398 | -38.2% |
| Gross operating margin | 9900 | €181,215 | €211,141 | +€29,926 | +16.5% |
| Operating profit (loss) | 9901 | €175,285 | €206,804 | +€31,519 | +18.0% |
| Financial income | 75/76B | €5,928 | €6,407 | +€479 | +8.1% |
| Recurring financial income | 75 | €5,928 | €6,407 | +€479 | +8.1% |
| Financial charges | 65/66B | €50,944 | €49,908 | -€1,036 | -2.0% |
| Recurring financial charges | 65 | €50,944 | €49,908 | -€1,036 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €130,270 | €163,303 | +€33,033 | +25.4% |
| Income taxes | 67/77 | €34,912 | €43,519 | +€8,606 | +24.7% |
| Profit (loss) for the period | 9904 | €95,358 | €119,784 | +€24,427 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,358 | €119,784 | +€24,427 | +25.6% |
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 14 October 2026 via checked.be.