CANOPEE: 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.
CANOPEE
Largest movements
- Financial fixed assets -€220,297
down €220,297 (-32.7%), from €673,266 to €452,970
- Cash +€185,147
up €185,147 (+157.0%), from €117,939 to €303,086
mainly Investment in fixed assets (net) (+€199,766) and Receivables within one year (+€176,803)
- Receivables within one year -€176,803
down €176,803 (-51.8%), from €341,180 to €164,377
of which Other amounts receivable: -€169,436
- Current investments +€110,000
up €110,000 (+14.7%), from €750,000 to €860,000
- Current portion of long-term debt -€52,680
down €52,680 (-100.0%), from €52,680 to €0
- Financial income -€211,021
down €211,021 (-94.6%), from €223,131 to €12,111
- Gross operating margin -€101,672
down €101,672 (-43.3%), from €234,824 to €133,152
- Depreciation +€37,888
up €37,888 (+1154.7%), from €3,281 to €41,169
- Taxes -€33,676
down €33,676 (-58.9%), from €57,186 to €23,510
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 | €3,493,381 | €3,376,188 | -€117,193 | -3.4% |
| Fixed assets | 21/28 | €2,111,468 | €1,870,533 | -€240,935 | -11.4% |
| Tangible fixed assets | 22/27 | €1,438,201 | €1,417,563 | -€20,638 | -1.4% |
| Land and buildings | 22 | - | €1,363,957 | +€1.4m | |
| Furniture and vehicles | 24 | €0 | €606 | +€606 | |
| Other tangible fixed assets | 26 | €53,000 | €53,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,385,201 | €0 | -€1.4m | -100.0% |
| Financial fixed assets | 28 | €673,266 | €452,970 | -€220,297 | -32.7% |
| Current assets | 29/58 | €1,381,913 | €1,505,655 | +€123,742 | +9.0% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €341,180 | €164,377 | -€176,803 | -51.8% |
| Trade receivables | 40 | €74,180 | €66,813 | -€7,367 | -9.9% |
| Other amounts receivable | 41 | €267,000 | €97,564 | -€169,436 | -63.5% |
| Current investments | 50/53 | €750,000 | €860,000 | +€110,000 | +14.7% |
| Cash at bank and in hand | 54/58 | €117,939 | €303,086 | +€185,147 | +157.0% |
| Deferred charges and accrued income | 490/1 | €2,794 | €8,192 | +€5,398 | +193.2% |
| Total equity and liabilities | 10/49 | €3,493,381 | €3,376,188 | -€117,193 | -3.4% |
| Equity | 10/15 | €3,390,873 | €3,367,245 | -€23,628 | -0.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €34,612 | €34,612 | = | 0.0% |
| Reserves | 13 | €1,261,900 | €1,231,900 | -€30,000 | -2.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,260,000 | €1,230,000 | -€30,000 | -2.4% |
| Profit (loss) carried forward | 14 | €2,075,360 | €2,081,732 | +€6,372 | +0.3% |
| Amounts payable | 17/49 | €102,508 | €8,944 | -€93,565 | -91.3% |
| Amounts payable within one year | 42/48 | €102,431 | €8,154 | -€94,278 | -92.0% |
| Current portion of amounts payable after more than one year | 42 | €52,680 | €0 | -€52,680 | -100.0% |
| Trade debts | 44 | €19,855 | €3,446 | -€16,409 | -82.6% |
| Suppliers | 440/4 | €19,855 | €3,446 | -€16,409 | -82.6% |
| Taxes, remuneration and social security | 45 | €29,896 | €4,707 | -€25,189 | -84.3% |
| Taxes | 450/3 | €29,502 | €4,313 | -€25,189 | -85.4% |
| Remuneration and social security | 454/9 | €395 | €395 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €77 | €790 | +€713 | +926.8% |
| Non-recurring operating income | 76A | €139,195 | €40,000 | -€99,195 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,281 | €41,169 | +€37,888 | +1154.7% |
| Other operating charges | 640/8 | €1,092 | €1,297 | +€204 | +18.7% |
| Gross operating margin | 9900 | €234,824 | €133,152 | -€101,672 | -43.3% |
| Operating profit (loss) | 9901 | €230,450 | €90,686 | -€139,764 | -60.6% |
| Financial income | 75/76B | €223,131 | €12,111 | -€211,021 | -94.6% |
| Recurring financial income | 75 | €223,131 | €12,111 | -€211,021 | -94.6% |
| Financial charges | 65/66B | €2,716 | €2,915 | +€198 | +7.3% |
| Recurring financial charges | 65 | €2,716 | €2,915 | +€198 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €450,865 | €99,883 | -€350,983 | -77.8% |
| Income taxes | 67/77 | €57,186 | €23,510 | -€33,676 | -58.9% |
| Profit (loss) for the period | 9904 | €393,679 | €76,372 | -€317,307 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €393,679 | €76,372 | -€317,307 | -80.6% |
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 29 September 2026 via checked.be.