CANNELLI: 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.
CANNELLI
Largest movements
- Cash -€804
down €804 (-33.0%), from €2,438 to €1,634
mainly Net result for the year (-€765) and Receivables within one year (-€39)
- Profit (loss) carried forward -€765
down €765 (-4.3%), from -€17,636 to -€18,401
- Gross operating margin +€364
up €364 (+59.0%), from -€616 to -€253
- Financial charges +€73
up €73 (+181.3%), from €40 to €113
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €3,951 | €3,186 | -€765 | -19.4% |
| Current assets | 29/58 | €3,951 | €3,186 | -€765 | -19.4% |
| Amounts receivable within one year | 40/41 | €1,513 | €1,552 | +€39 | +2.6% |
| Trade receivables | 40 | €1,343 | €1,343 | = | 0.0% |
| Other amounts receivable | 41 | €170 | €209 | +€39 | +23.2% |
| Cash at bank and in hand | 54/58 | €2,438 | €1,634 | -€804 | -33.0% |
| Total equity and liabilities | 10/49 | €3,951 | €3,186 | -€765 | -19.4% |
| Equity | 10/15 | €1,284 | €519 | -€765 | -59.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €320 | €320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,636 | -€18,401 | -€765 | -4.3% |
| Amounts payable | 17/49 | €2,667 | €2,667 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,667 | €2,667 | = | 0.0% |
| Trade debts | 44 | €197 | €197 | = | 0.0% |
| Suppliers | 440/4 | €197 | €197 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €54 | €54 | = | 0.0% |
| Taxes | 450/3 | €54 | €54 | = | 0.0% |
| Other amounts payable | 47/48 | €2,417 | €2,417 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€616 | -€253 | +€364 | +59.0% |
| Operating profit (loss) | 9901 | -€1,004 | -€652 | +€351 | +35.0% |
| Financial charges | 65/66B | €40 | €113 | +€73 | +181.3% |
| Recurring financial charges | 65 | €40 | €113 | +€73 | +181.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,044 | -€765 | +€279 | +26.7% |
| Profit (loss) for the period | 9904 | -€1,044 | -€765 | +€279 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,044 | -€765 | +€279 | +26.7% |
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 5 October 2026 via checked.be.