CANOAS: 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.
CANOAS
Largest movements
- Cash +€52,435
up €52,435 (+28.3%), from €185,257 to €237,692
mainly Net result for the year (+€58,474) and Receivables within one year (+€20,012)
- Receivables within one year -€20,012
down €20,012 (-38.2%), from €52,398 to €32,386
of which Other amounts receivable: -€26,100
- Reserves +€31,474
up €31,474 (+14.5%), from €216,425 to €247,899
- Gross operating margin +€7,722
up €7,722 (+10.7%), from €72,133 to €79,855
- Taxes +€1,745
up €1,745 (+8.3%), from €20,943 to €22,688
- Financial income -€1,539
down €1,539 (-43.3%), from €3,556 to €2,017
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 | €239,209 | €271,354 | +€32,145 | +13.4% |
| Fixed assets | 21/28 | €299 | €50 | -€249 | -83.3% |
| Tangible fixed assets | 22/27 | €249 | - | -€249 | |
| Furniture and vehicles | 24 | €249 | - | -€249 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €238,910 | €271,304 | +€32,394 | +13.6% |
| Amounts receivable within one year | 40/41 | €52,398 | €32,386 | -€20,012 | -38.2% |
| Trade receivables | 40 | €5,164 | €11,251 | +€6,088 | +117.9% |
| Other amounts receivable | 41 | €47,234 | €21,135 | -€26,100 | -55.3% |
| Cash at bank and in hand | 54/58 | €185,257 | €237,692 | +€52,435 | +28.3% |
| Deferred charges and accrued income | 490/1 | €1,255 | €1,226 | -€29 | -2.3% |
| Total equity and liabilities | 10/49 | €239,209 | €271,354 | +€32,145 | +13.4% |
| Equity | 10/15 | €228,925 | €260,399 | +€31,474 | +13.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €216,425 | €247,899 | +€31,474 | +14.5% |
| Distributable reserves | 133 | €216,425 | €247,899 | +€31,474 | +14.5% |
| Amounts payable | 17/49 | €10,284 | €10,955 | +€671 | +6.5% |
| Amounts payable within one year | 42/48 | €10,284 | €10,955 | +€671 | +6.5% |
| Trade debts | 44 | €1,984 | €2,155 | +€171 | +8.6% |
| Suppliers | 440/4 | €1,984 | €2,155 | +€171 | +8.6% |
| Taxes, remuneration and social security | 45 | €8,300 | €8,800 | +€500 | +6.0% |
| Taxes | 450/3 | €8,300 | €8,800 | +€500 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €249 | -€208 | -45.5% |
| Other operating charges | 640/8 | €387 | €416 | +€29 | +7.5% |
| Gross operating margin | 9900 | €72,133 | €79,855 | +€7,722 | +10.7% |
| Operating profit (loss) | 9901 | €71,289 | €79,190 | +€7,901 | +11.1% |
| Financial income | 75/76B | €3,556 | €2,017 | -€1,539 | -43.3% |
| Recurring financial income | 75 | €3,556 | €2,017 | -€1,539 | -43.3% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -10.2% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €74,795 | €81,162 | +€6,367 | +8.5% |
| Income taxes | 67/77 | €20,943 | €22,688 | +€1,745 | +8.3% |
| Profit (loss) for the period | 9904 | €53,852 | €58,474 | +€4,622 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,852 | €58,474 | +€4,622 | +8.6% |
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.