CANNOVEX: 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.
CANNOVEX
Largest movements
- Receivables within one year -€14,573
down €14,573 (-19.2%), from €75,823 to €61,250
of which Other amounts receivable: -€14,573
- Cash +€13,128
up €13,128 (+1.7%), from €794,341 to €807,469
mainly Trade debts (+€87,988) and Tax, wage and social debts (+€19,015)
- Profit (loss) carried forward -€99,501
down €99,501 (-2.6%), from -€3.8m to -€3.9m
- Trade debts +€87,988
up €87,988 (+107%), from €82,264 to €170,252
- Tax, wage and social debts +€19,015
up €19,015 (+77.7%), from €24,484 to €43,499
of which Taxes: +€16,574
- Gross operating margin +€323,584
up €323,584, from -€317,833 to €5,750
- Other operating charges -€6,514
down €6,514 (-74.7%), from €8,722 to €2,209
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 | €1,093,008 | €1,092,647 | -€361 | 0.0% |
| Fixed assets | 21/28 | €89,479 | €90,558 | +€1,078 | +1.2% |
| Tangible fixed assets | 22/27 | €85,026 | €86,105 | +€1,078 | +1.3% |
| Furniture and vehicles | 24 | €26 | €1,105 | +€1,078 | +4,124% |
| Assets under construction and advance payments | 27 | €85,000 | €85,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,453 | €4,453 | = | 0.0% |
| Current assets | 29/58 | €1,003,529 | €1,002,090 | -€1,439 | -0.1% |
| Stocks and contracts in progress | 3 | €133,213 | €133,213 | = | 0.0% |
| Stocks | 30/36 | €133,213 | €133,213 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,823 | €61,250 | -€14,573 | -19.2% |
| Trade receivables | 40 | €47,250 | €47,250 | = | 0.0% |
| Other amounts receivable | 41 | €28,573 | €14,000 | -€14,573 | -51.0% |
| Cash at bank and in hand | 54/58 | €794,341 | €807,469 | +€13,128 | +1.7% |
| Deferred charges and accrued income | 490/1 | €152 | €158 | +€6 | +3.7% |
| Total equity and liabilities | 10/49 | €1,093,008 | €1,092,647 | -€361 | 0.0% |
| Equity | 10/15 | €978,397 | €878,896 | -€99,501 | -10.2% |
| Contributions | 10/11 | €4,820,225 | €4,820,225 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,841,828 | -€3,941,329 | -€99,501 | -2.6% |
| Amounts payable | 17/49 | €114,611 | €213,751 | +€99,140 | +86.5% |
| Amounts payable within one year | 42/48 | €106,749 | €213,751 | +€107,002 | +100% |
| Trade debts | 44 | €82,264 | €170,252 | +€87,988 | +107% |
| Suppliers | 440/4 | €82,264 | €170,252 | +€87,988 | +107% |
| Taxes, remuneration and social security | 45 | €24,484 | €43,499 | +€19,015 | +77.7% |
| Taxes | 450/3 | €3,059 | €19,633 | +€16,574 | +542% |
| Remuneration and social security | 454/9 | €21,425 | €23,866 | +€2,441 | +11.4% |
| Accrued charges and deferred income | 492/3 | €7,862 | €0 | -€7,862 | -100% |
| Remuneration, social security and pensions | 62 | €91,809 | €92,607 | +€798 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €119 | -€199 | -62.5% |
| Other operating charges | 640/8 | €8,722 | €2,209 | -€6,514 | -74.7% |
| Gross operating margin | 9900 | -€317,833 | €5,750 | +€323,584 | |
| Operating profit (loss) | 9901 | -€418,683 | -€89,184 | +€329,498 | +78.7% |
| Financial income | 75/76B | €71 | €4 | -€67 | -94.7% |
| Recurring financial income | 75 | €71 | €4 | -€67 | -94.7% |
| Financial charges | 65/66B | €7,586 | €10,084 | +€2,498 | +32.9% |
| Recurring financial charges | 65 | €7,586 | €10,084 | +€2,498 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | -€426,198 | -€99,265 | +€326,933 | +76.7% |
| Income taxes | 67/77 | €327 | €236 | -€91 | -27.7% |
| Profit (loss) for the period | 9904 | -€426,525 | -€99,501 | +€327,024 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€426,525 | -€99,501 | +€327,024 | +76.7% |
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 23 October 2026 via checked.be.