CANOA: 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.
CANOA
Largest movements
- Tangible fixed assets -€3,459
down €3,459 (-52.2%), from €6,623 to €3,164
of which Furniture and vehicles: -€3,833
- Receivables within one year -€251
down €251 (-35.7%), from €702 to €451
of which Other amounts receivable: -€141
- Profit (loss) carried forward -€16,378
down €16,378 (-47.3%), from -€34,635 to -€51,013
- Other debts +€13,792
up €13,792 (+68.1%), from €20,239 to €34,031
- Short-term financial debts -€743
down €743 (-7.9%), from €9,380 to €8,637
- Trade debts -€332
down €332 (-49.8%), from €666 to €334
- Gross operating margin -€6,933
down €6,933 (-202.4%), from -€3,425 to -€10,357
- Financial charges -€235
down €235 (-19.6%), from €1,196 to €961
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 | €7,509 | €3,849 | -€3,660 | -48.7% |
| Fixed assets | 21/28 | €6,623 | €3,164 | -€3,459 | -52.2% |
| Tangible fixed assets | 22/27 | €6,623 | €3,164 | -€3,459 | -52.2% |
| Plant, machinery and equipment | 23 | €1,775 | €2,149 | +€374 | +21.1% |
| Furniture and vehicles | 24 | €4,847 | €1,015 | -€3,833 | -79.1% |
| Current assets | 29/58 | €887 | €685 | -€201 | -22.7% |
| Amounts receivable within one year | 40/41 | €702 | €451 | -€251 | -35.7% |
| Trade receivables | 40 | €109 | €0 | -€109 | -100.0% |
| Other amounts receivable | 41 | €592 | €451 | -€141 | -23.9% |
| Cash at bank and in hand | 54/58 | €46 | €92 | +€45 | +97.7% |
| Deferred charges and accrued income | 490/1 | €139 | €142 | +€4 | +2.8% |
| Total equity and liabilities | 10/49 | €7,509 | €3,849 | -€3,660 | -48.7% |
| Equity | 10/15 | -€22,775 | -€39,153 | -€16,378 | -71.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,635 | -€51,013 | -€16,378 | -47.3% |
| Amounts payable | 17/49 | €30,285 | €43,002 | +€12,718 | +42.0% |
| Amounts payable within one year | 42/48 | €30,285 | €43,002 | +€12,718 | +42.0% |
| Financial debts | 43 | €9,380 | €8,637 | -€743 | -7.9% |
| Credit institutions | 430/8 | €9,380 | €8,637 | -€743 | -7.9% |
| Trade debts | 44 | €666 | €334 | -€332 | -49.8% |
| Suppliers | 440/4 | €666 | €334 | -€332 | -49.8% |
| Other amounts payable | 47/48 | €20,239 | €34,031 | +€13,792 | +68.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,525 | €4,550 | +€25 | +0.6% |
| Other operating charges | 640/8 | €452 | €509 | +€57 | +12.7% |
| Gross operating margin | 9900 | -€3,425 | -€10,357 | -€6,933 | -202.4% |
| Operating profit (loss) | 9901 | -€8,401 | -€15,416 | -€7,015 | -83.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,196 | €961 | -€235 | -19.6% |
| Recurring financial charges | 65 | €1,196 | €961 | -€235 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,597 | -€16,378 | -€6,781 | -70.7% |
| Profit (loss) for the period | 9904 | -€9,597 | -€16,378 | -€6,781 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,597 | -€16,378 | -€6,781 | -70.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.