CANO LAW: 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.
CANO LAW
Largest movements
- Cash +€26,384
up €26,384 (+51.5%), from €51,230 to €77,614
mainly Net result for the year (+€14,275) and Depreciation (+€8,086)
- Tangible fixed assets -€7,508
down €7,508 (-27.4%), from €27,415 to €19,906
of which Furniture and vehicles: -€7,438
- Receivables within one year +€4,524
up €4,524 (+93.6%), from €4,834 to €9,357
- Reserves +€36,336
new in 2025: €36,336
- Profit (loss) carried forward -€22,061
down €22,061 (-100.0%), from €22,061 to €0
- Trade debts +€6,639
up €6,639 (+136.6%), from €4,860 to €11,499
- Tax, wage and social debts +€4,653
up €4,653 (+27.9%), from €16,655 to €21,309
of which Taxes: +€4,782
- Other debts -€3,974
down €3,974 (-10.3%), from €38,403 to €34,429
- Other operating charges +€7,953
up €7,953 (+2299.6%), from €346 to €8,299
- Depreciation -€4,385
down €4,385 (-35.2%), from €12,471 to €8,086
- Financial charges +€2,795
up €2,795 (+3383.4%), from €83 to €2,877
- Gross operating margin -€2,788
down €2,788 (-6.7%), from €41,335 to €38,547
- Taxes -€1,365
down €1,365 (-21.4%), from €6,374 to €5,009
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 | €83,479 | €106,878 | +€23,399 | +28.0% |
| Fixed assets | 21/28 | €27,415 | €19,906 | -€7,508 | -27.4% |
| Tangible fixed assets | 22/27 | €27,415 | €19,906 | -€7,508 | -27.4% |
| Plant, machinery and equipment | 23 | €1,280 | €1,210 | -€70 | -5.5% |
| Furniture and vehicles | 24 | €26,135 | €18,697 | -€7,438 | -28.5% |
| Current assets | 29/58 | €56,064 | €86,971 | +€30,907 | +55.1% |
| Amounts receivable within one year | 40/41 | €4,834 | €9,357 | +€4,524 | +93.6% |
| Trade receivables | 40 | €4,834 | €9,357 | +€4,524 | +93.6% |
| Cash at bank and in hand | 54/58 | €51,230 | €77,614 | +€26,384 | +51.5% |
| Total equity and liabilities | 10/49 | €83,479 | €106,878 | +€23,399 | +28.0% |
| Equity | 10/15 | €23,561 | €37,836 | +€14,275 | +60.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €36,336 | +€36,336 | |
| Distributable reserves | 133 | - | €36,336 | +€36,336 | |
| Profit (loss) carried forward | 14 | €22,061 | €0 | -€22,061 | -100.0% |
| Amounts payable | 17/49 | €59,918 | €69,041 | +€9,124 | +15.2% |
| Amounts payable within one year | 42/48 | €59,918 | €67,236 | +€7,319 | +12.2% |
| Trade debts | 44 | €4,860 | €11,499 | +€6,639 | +136.6% |
| Suppliers | 440/4 | €4,860 | €11,499 | +€6,639 | +136.6% |
| Taxes, remuneration and social security | 45 | €16,655 | €21,309 | +€4,653 | +27.9% |
| Taxes | 450/3 | €16,527 | €21,309 | +€4,782 | +28.9% |
| Remuneration and social security | 454/9 | €129 | €0 | -€129 | -100.0% |
| Other amounts payable | 47/48 | €38,403 | €34,429 | -€3,974 | -10.3% |
| Accrued charges and deferred income | 492/3 | - | €1,805 | +€1,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,471 | €8,086 | -€4,385 | -35.2% |
| Other operating charges | 640/8 | €346 | €8,299 | +€7,953 | +2299.6% |
| Gross operating margin | 9900 | €41,335 | €38,547 | -€2,788 | -6.7% |
| Operating profit (loss) | 9901 | €28,518 | €22,162 | -€6,356 | -22.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €83 | €2,877 | +€2,795 | +3383.4% |
| Recurring financial charges | 65 | €83 | €2,877 | +€2,795 | +3383.4% |
| Profit (loss) for the period before taxes | 9903 | €28,435 | €19,285 | -€9,151 | -32.2% |
| Income taxes | 67/77 | €6,374 | €5,009 | -€1,365 | -21.4% |
| Profit (loss) for the period | 9904 | €22,061 | €14,275 | -€7,786 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,061 | €14,275 | -€7,786 | -35.3% |
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 30 September 2026 via checked.be.