CANNELLA 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.
CANNELLA MANAGEMENT
Largest movements
- Tangible fixed assets -€23,330
down €23,330 (-6.2%), from €375,675 to €352,345
of which Land and buildings: -€21,883
- Cash +€7,753
up €7,753 (+7.6%), from €101,613 to €109,366
mainly Depreciation (+€23,330) and Net result for the year (+€21,837)
- Other debts -€8,682
down €8,682 (-21.6%), from €40,271 to €31,588
- Profit (loss) carried forward -€6,734
down €6,734 (-24.6%), from €27,362 to €20,628
- Gross operating margin -€63,169
down €63,169 (-50.8%), from €124,232 to €61,063
- Taxes -€15,096
down €15,096 (-64.9%), from €23,250 to €8,154
- Other operating charges -€6,079
down €6,079 (-44.4%), from €13,681 to €7,601
- Financial charges -€2,577
down €2,577 (-81.5%), from €3,162 to €584
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 | €481,453 | €465,246 | -€16,207 | -3.4% |
| Fixed assets | 21/28 | €375,675 | €352,345 | -€23,330 | -6.2% |
| Tangible fixed assets | 22/27 | €375,675 | €352,345 | -€23,330 | -6.2% |
| Land and buildings | 22 | €372,948 | €351,065 | -€21,883 | -5.9% |
| Furniture and vehicles | 24 | €2,727 | €1,280 | -€1,448 | -53.1% |
| Current assets | 29/58 | €105,777 | €112,901 | +€7,124 | +6.7% |
| Amounts receivable within one year | 40/41 | €864 | €989 | +€124 | +14.4% |
| Trade receivables | 40 | €864 | €242 | -€622 | -72.0% |
| Other amounts receivable | 41 | - | €747 | +€747 | |
| Cash at bank and in hand | 54/58 | €101,613 | €109,366 | +€7,753 | +7.6% |
| Deferred charges and accrued income | 490/1 | €3,300 | €2,546 | -€754 | -22.8% |
| Total equity and liabilities | 10/49 | €481,453 | €465,246 | -€16,207 | -3.4% |
| Equity | 10/15 | €390,362 | €383,628 | -€6,734 | -1.7% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Contributions outside capital | 11 | €330,000 | - | -€330,000 | |
| Other | 1109/19 | €330,000 | - | -€330,000 | |
| Reserves | 13 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,362 | €20,628 | -€6,734 | -24.6% |
| Amounts payable | 17/49 | €91,090 | €81,618 | -€9,473 | -10.4% |
| Amounts payable within one year | 42/48 | €91,090 | €81,618 | -€9,473 | -10.4% |
| Financial debts | 43 | €248 | €83 | -€165 | -66.6% |
| Other loans | 439 | €248 | €83 | -€165 | -66.6% |
| Trade debts | 44 | €9,512 | €10,206 | +€694 | +7.3% |
| Suppliers | 440/4 | €9,512 | €10,206 | +€694 | +7.3% |
| Taxes, remuneration and social security | 45 | €41,059 | €39,740 | -€1,319 | -3.2% |
| Taxes | 450/3 | €41,059 | €39,740 | -€1,319 | -3.2% |
| Other amounts payable | 47/48 | €40,271 | €31,588 | -€8,682 | -21.6% |
| Non-recurring operating income | 76A | €61,239 | - | -€61,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,825 | €23,330 | +€506 | +2.2% |
| Other operating charges | 640/8 | €13,681 | €7,601 | -€6,079 | -44.4% |
| Non-recurring operating charges | 66A | €148 | - | -€148 | |
| Gross operating margin | 9900 | €124,232 | €61,063 | -€63,169 | -50.8% |
| Operating profit (loss) | 9901 | €87,578 | €30,131 | -€57,447 | -65.6% |
| Financial income | 75/76B | €532 | €444 | -€88 | -16.5% |
| Recurring financial income | 75 | €532 | €444 | -€88 | -16.5% |
| Financial charges | 65/66B | €3,162 | €584 | -€2,577 | -81.5% |
| Recurring financial charges | 65 | €3,162 | €584 | -€2,577 | -81.5% |
| Profit (loss) for the period before taxes | 9903 | €84,949 | €29,991 | -€54,958 | -64.7% |
| Income taxes | 67/77 | €23,250 | €8,154 | -€15,096 | -64.9% |
| Profit (loss) for the period | 9904 | €61,699 | €21,837 | -€39,862 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,699 | €21,837 | -€39,862 | -64.6% |
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 15 October 2026 via checked.be.