CANOIE: 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.
CANOIE
Largest movements
- Tangible fixed assets +€128,519
up €128,519 (+34.2%), from €375,316 to €503,835
of which Land and buildings: +€119,884
- Cash +€52,549
up €52,549 (+43.4%), from €121,055 to €173,605
mainly Other debts (+€104,965) and Debts after one year (+€75,305)
- Receivables within one year +€12,040
up €12,040 (+101.5%), from €11,864 to €23,903
of which Other amounts receivable: +€13,953
- Other debts +€104,965
up €104,965 (+570463.2%), from €18 to €104,984
- Debts after one year +€75,305
up €75,305 (+50.6%), from €148,691 to €223,996
- Reserves -€25,000
down €25,000 (-14.9%), from €168,000 to €143,000
- Tax, wage and social debts +€16,171
up €16,171 (+27.7%), from €58,450 to €74,621
of which Remuneration and social security: +€10,423
- Trade debts +€14,459
up €14,459 (+85.2%), from €16,973 to €31,432
- Turnover -€1.2m
no longer reported in 2025 (was €1.2m)
- Purchases and services -€720,186
no longer reported in 2025 (was €720,186)
- Staff costs +€37,021
up €37,021 (+10.9%), from €339,760 to €376,781
- Financial charges +€23,190
up €23,190 (+41.8%), from €55,532 to €78,721
- Depreciation +€21,152
up €21,152 (+43.1%), from €49,085 to €70,238
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 | €560,569 | €746,934 | +€186,365 | +33.2% |
| Fixed assets | 21/28 | €402,916 | €531,435 | +€128,519 | +31.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €375,316 | €503,835 | +€128,519 | +34.2% |
| Land and buildings | 22 | €89,683 | €209,567 | +€119,884 | +133.7% |
| Plant, machinery and equipment | 23 | €245,639 | €230,988 | -€14,651 | -6.0% |
| Furniture and vehicles | 24 | €39,995 | €63,281 | +€23,286 | +58.2% |
| Financial fixed assets | 28 | €27,600 | €27,600 | = | 0.0% |
| Current assets | 29/58 | €157,652 | €215,499 | +€57,846 | +36.7% |
| Stocks and contracts in progress | 3 | €16,978 | €15,753 | -€1,225 | -7.2% |
| Stocks | 30/36 | €16,978 | €15,753 | -€1,225 | -7.2% |
| Amounts receivable within one year | 40/41 | €11,864 | €23,903 | +€12,040 | +101.5% |
| Trade receivables | 40 | €11,304 | €9,391 | -€1,913 | -16.9% |
| Other amounts receivable | 41 | €560 | €14,512 | +€13,953 | +2493.6% |
| Cash at bank and in hand | 54/58 | €121,055 | €173,605 | +€52,549 | +43.4% |
| Deferred charges and accrued income | 490/1 | €7,755 | €2,238 | -€5,518 | -71.1% |
| Total equity and liabilities | 10/49 | €560,569 | €746,934 | +€186,365 | +33.2% |
| Equity | 10/15 | €298,532 | €273,663 | -€24,869 | -8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €168,000 | €143,000 | -€25,000 | -14.9% |
| Distributable reserves | 133 | €168,000 | €143,000 | -€25,000 | -14.9% |
| Profit (loss) carried forward | 14 | €110,532 | €110,663 | +€131 | +0.1% |
| Amounts payable | 17/49 | €262,037 | €473,271 | +€211,234 | +80.6% |
| Amounts payable after more than one year | 17 | €148,691 | €223,996 | +€75,305 | +50.6% |
| Financial debts | 170/4 | €148,691 | €223,996 | +€75,305 | +50.6% |
| Amounts payable within one year | 42/48 | €108,284 | €249,090 | +€140,805 | +130.0% |
| Current portion of amounts payable after more than one year | 42 | €32,843 | €38,053 | +€5,210 | +15.9% |
| Trade debts | 44 | €16,973 | €31,432 | +€14,459 | +85.2% |
| Suppliers | 440/4 | €16,973 | €31,432 | +€14,459 | +85.2% |
| Taxes, remuneration and social security | 45 | €58,450 | €74,621 | +€16,171 | +27.7% |
| Taxes | 450/3 | €22,552 | €28,300 | +€5,748 | +25.5% |
| Remuneration and social security | 454/9 | €35,898 | €46,321 | +€10,423 | +29.0% |
| Other amounts payable | 47/48 | €18 | €104,984 | +€104,965 | +570463.2% |
| Accrued charges and deferred income | 492/3 | €5,061 | €185 | -€4,876 | -96.3% |
| Turnover | 70 | €1,231,789 | - | -€1.2m | |
| Goods, raw materials, services and sundry goods | 60/61 | €720,186 | - | -€720,186 | |
| Remuneration, social security and pensions | 62 | €339,760 | €376,781 | +€37,021 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,085 | €70,238 | +€21,152 | +43.1% |
| Other operating charges | 640/8 | €1,849 | €1,523 | -€326 | -17.7% |
| Gross operating margin | 9900 | €527,894 | €532,161 | +€4,267 | +0.8% |
| Operating profit (loss) | 9901 | €137,199 | €83,620 | -€53,579 | -39.1% |
| Financial income | 75/76B | €66 | €13,367 | +€13,301 | +20049.7% |
| Recurring financial income | 75 | €66 | €22 | -€45 | -67.2% |
| Non-recurring financial income | 76B | - | €13,346 | +€13,346 | |
| Financial charges | 65/66B | €55,532 | €78,721 | +€23,190 | +41.8% |
| Recurring financial charges | 65 | €55,532 | €78,721 | +€23,190 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €81,733 | €18,266 | -€63,468 | -77.7% |
| Income taxes | 67/77 | €20,940 | €3,134 | -€17,806 | -85.0% |
| Profit (loss) for the period | 9904 | €60,793 | €15,131 | -€45,662 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,793 | €15,131 | -€45,662 | -75.1% |
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 9 October 2026 via checked.be.