CANOPY CAPITAL: 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.
CANOPY CAPITAL
Largest movements
- Formation expenses -€198
no longer reported in 2025 (was €198)
- Cash -€181
down €181 (-89.8%), from €201 to €21
mainly Net result for the year (-€2,941)
- Profit (loss) carried forward -€2,941
down €2,941 (-60.1%), from -€4,896 to -€7,837
- Trade debts +€1,610
up €1,610 (+266%), from €605 to €2,215
- Other debts +€953
up €953 (+20.8%), from €4,590 to €5,543
- Gross operating margin +€1,291
up €1,291 (+37.1%), from -€3,482 to -€2,190
- Depreciation -€753
down €753 (-79.2%), from €950 to €198
- Financial charges +€77
up €77 (+100%), from €77 to €153
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.
Derived cash bridge
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 | €399 | €21 | -€378 | -94.8% |
| Formation expenses | 20 | €198 | - | -€198 | |
| Current assets | 29/58 | €201 | €21 | -€181 | -89.8% |
| Cash at bank and in hand | 54/58 | €201 | €21 | -€181 | -89.8% |
| Total equity and liabilities | 10/49 | €399 | €21 | -€378 | -94.8% |
| Equity | 10/15 | -€4,796 | -€7,737 | -€2,941 | -61.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,896 | -€7,837 | -€2,941 | -60.1% |
| Amounts payable | 17/49 | €5,195 | €7,757 | +€2,563 | +49.3% |
| Amounts payable within one year | 42/48 | €5,195 | €7,757 | +€2,563 | +49.3% |
| Trade debts | 44 | €605 | €2,215 | +€1,610 | +266% |
| Suppliers | 440/4 | €605 | €2,215 | +€1,610 | +266% |
| Other amounts payable | 47/48 | €4,590 | €5,543 | +€953 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €198 | -€753 | -79.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,482 | -€2,190 | +€1,291 | +37.1% |
| Operating profit (loss) | 9901 | -€4,819 | -€2,788 | +€2,031 | +42.2% |
| Financial charges | 65/66B | €77 | €153 | +€77 | +100% |
| Recurring financial charges | 65 | €77 | €153 | +€77 | +100% |
| Profit (loss) for the period before taxes | 9903 | -€4,896 | -€2,941 | +€1,955 | +39.9% |
| Profit (loss) for the period | 9904 | -€4,896 | -€2,941 | +€1,955 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,896 | -€2,941 | +€1,955 | +39.9% |
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 13 October 2026 via checked.be.