CANNELLE: what changed
Two fiscal 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.
CANNELLE
Largest movements
- Cash -€17,055
down €17,055 (-40.1%), from €42,548 to €25,493
mainly Provisions (-€19,454) and Investment in fixed assets (net) (-€19,228)
- Receivables within one year +€7,999
up €7,999 (+14.0%), from €57,234 to €65,233
of which Other amounts receivable: +€29,418
- Deferred charges and accrued income +€5,403
up €5,403 (+168.9%), from €3,199 to €8,602
- Tangible fixed assets -€2,848
down €2,848 (-4.3%), from €66,529 to €63,681
of which Plant, machinery and equipment: -€18,669
- Profit (loss) carried forward +€31,745
up €31,745, from -€7,727 to €24,017
- Provisions -€19,454
no longer reported in 2025 (was €19,454)
- Accrued charges and deferred income -€18,665
down €18,665 (-99.5%), from €18,750 to €85
- Debts after one year -€6,057
down €6,057 (-34.9%), from €17,343 to €11,286
- Investment grants +€5,294
up €5,294 (+12.0%), from €44,154 to €49,448
- Purchases and services -€79,956
down €79,956 (-30.7%), from €260,372 to €180,415
- Staff costs -€49,045
down €49,045 (-10.5%), from €468,269 to €419,224
- Turnover -€47,554
down €47,554 (-17.7%), from €269,041 to €221,487
- Gross operating margin +€18,136
up €18,136 (+3.9%), from €465,357 to €483,493
- Financial charges +€7,097
up €7,097 (+292.6%), from €2,426 to €9,523
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 | €183,598 | €177,212 | -€6,386 | -3.5% |
| Fixed assets | 21/28 | €77,962 | €75,115 | -€2,848 | -3.7% |
| Tangible fixed assets | 22/27 | €66,529 | €63,681 | -€2,848 | -4.3% |
| Plant, machinery and equipment | 23 | €59,630 | €40,961 | -€18,669 | -31.3% |
| Furniture and vehicles | 24 | €1,889 | €19,195 | +€17,306 | +916.1% |
| Other tangible fixed assets | 26 | €5,010 | €3,526 | -€1,484 | -29.6% |
| Financial fixed assets | 28 | €11,433 | €11,433 | = | 0.0% |
| Current assets | 29/58 | €105,635 | €102,097 | -€3,538 | -3.3% |
| Stocks and contracts in progress | 3 | €2,655 | €2,770 | +€115 | +4.3% |
| Stocks | 30/36 | €2,655 | €2,770 | +€115 | +4.3% |
| Amounts receivable within one year | 40/41 | €57,234 | €65,233 | +€7,999 | +14.0% |
| Trade receivables | 40 | €40,030 | €18,611 | -€21,419 | -53.5% |
| Other amounts receivable | 41 | €17,204 | €46,622 | +€29,418 | +171.0% |
| Cash at bank and in hand | 54/58 | €42,548 | €25,493 | -€17,055 | -40.1% |
| Deferred charges and accrued income | 490/1 | €3,199 | €8,602 | +€5,403 | +168.9% |
| Total equity and liabilities | 10/49 | €183,598 | €177,212 | -€6,386 | -3.5% |
| Equity | 10/15 | €36,426 | €73,465 | +€37,039 | +101.7% |
| Profit (loss) carried forward | 14 | -€7,727 | €24,017 | +€31,745 | |
| Investment grants | 15 | €44,154 | €49,448 | +€5,294 | +12.0% |
| Provisions and deferred taxes | 16 | €19,454 | - | -€19,454 | |
| Provisions for liabilities and charges | 160/5 | €19,454 | - | -€19,454 | |
| Other liabilities and charges | 164/5 | €19,454 | - | -€19,454 | |
| Amounts payable | 17/49 | €127,717 | €103,747 | -€23,971 | -18.8% |
| Amounts payable after more than one year | 17 | €17,343 | €11,286 | -€6,057 | -34.9% |
| Other amounts payable | 178/9 | €17,343 | €11,286 | -€6,057 | -34.9% |
| Amounts payable within one year | 42/48 | €91,625 | €92,376 | +€752 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €5,939 | €6,057 | +€119 | +2.0% |
| Trade debts | 44 | €36,584 | €29,810 | -€6,773 | -18.5% |
| Suppliers | 440/4 | €36,584 | €29,810 | -€6,773 | -18.5% |
| Taxes, remuneration and social security | 45 | €26,149 | €50,272 | +€24,123 | +92.3% |
| Taxes | 450/3 | €2,892 | €2,842 | -€49 | -1.7% |
| Remuneration and social security | 454/9 | €23,257 | €47,430 | +€24,172 | +103.9% |
| Accrued charges and deferred income | 492/3 | €18,750 | €85 | -€18,665 | -99.5% |
| Turnover | 70 | €269,041 | €221,487 | -€47,554 | -17.7% |
| Non-recurring operating income | 76A | €6,371 | €6,310 | -€61 | -1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €260,372 | €180,415 | -€79,956 | -30.7% |
| Remuneration, social security and pensions | 62 | €468,269 | €419,224 | -€49,045 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,238 | €22,076 | +€1,838 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,579 | +€1,579 | |
| Other operating charges | 640/8 | €468 | €4,158 | +€3,689 | +787.6% |
| Non-recurring operating charges | 66A | €1,458 | €14,678 | +€13,220 | +906.8% |
| Gross operating margin | 9900 | €465,357 | €483,493 | +€18,136 | +3.9% |
| Operating profit (loss) | 9901 | -€25,076 | €41,233 | +€66,309 | |
| Financial income | 75/76B | €8 | €34 | +€27 | +341.3% |
| Recurring financial income | 75 | €8 | €34 | +€27 | +341.3% |
| Financial charges | 65/66B | €2,426 | €9,523 | +€7,097 | +292.6% |
| Recurring financial charges | 65 | €2,426 | €9,523 | +€7,097 | +292.6% |
| Profit (loss) for the period before taxes | 9903 | -€27,494 | €31,745 | +€59,238 | |
| Profit (loss) for the period | 9904 | -€27,494 | €31,745 | +€59,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,494 | €31,745 | +€59,238 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.