CANOVA: 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.
CANOVA
Largest movements
- Cash +€101,793
up €101,793 (+537%), from €18,964 to €120,757
mainly Net result for the year (+€190,591) and Depreciation (+€107,669)
- Tangible fixed assets -€57,166
down €57,166 (-2.0%), from €2.9m to €2.8m
of which Land and buildings: -€76,589
- Profit (loss) carried forward +€190,591
up €190,591 (+93.4%), from -€204,166 to -€13,575
- Debts after one year -€100,000
down €100,000 (-11.8%), from €850,000 to €750,000
- Other debts -€50,000
down €50,000 (-8.3%), from €600,638 to €550,638
- Gross operating margin +€425,202
up €425,202, from -€89,401 to €335,801
- Depreciation +€54,679
up €54,679 (+103%), from €52,990 to €107,669
- Financial charges +€15,592
up €15,592 (+74.4%), from €20,954 to €36,546
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 | €2,889,599 | €2,929,026 | +€39,427 | +1.4% |
| Fixed assets | 21/28 | €2,865,108 | €2,807,942 | -€57,166 | -2.0% |
| Tangible fixed assets | 22/27 | €2,865,108 | €2,807,942 | -€57,166 | -2.0% |
| Land and buildings | 22 | €2,761,705 | €2,685,116 | -€76,589 | -2.8% |
| Plant, machinery and equipment | 23 | - | €48,848 | +€48,848 | |
| Furniture and vehicles | 24 | €103,403 | €73,978 | -€29,425 | -28.5% |
| Current assets | 29/58 | €24,491 | €121,084 | +€96,593 | +394% |
| Amounts receivable within one year | 40/41 | €5,527 | €327 | -€5,200 | -94.1% |
| Trade receivables | 40 | €5,330 | €110 | -€5,220 | -97.9% |
| Other amounts receivable | 41 | €197 | €217 | +€20 | +10.2% |
| Cash at bank and in hand | 54/58 | €18,964 | €120,757 | +€101,793 | +537% |
| Total equity and liabilities | 10/49 | €2,889,599 | €2,929,026 | +€39,427 | +1.4% |
| Equity | 10/15 | €1,270,834 | €1,461,425 | +€190,591 | +15.0% |
| Contributions | 10/11 | €1,475,000 | €1,475,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,166 | -€13,575 | +€190,591 | +93.4% |
| Amounts payable | 17/49 | €1,618,765 | €1,467,601 | -€151,164 | -9.3% |
| Amounts payable after more than one year | 17 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Financial debts | 170/4 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Amounts payable within one year | 42/48 | €716,626 | €670,851 | -€45,775 | -6.4% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €3,013 | €3,389 | +€376 | +12.5% |
| Suppliers | 440/4 | €3,013 | €3,389 | +€376 | +12.5% |
| Taxes, remuneration and social security | 45 | €12,975 | €16,824 | +€3,849 | +29.7% |
| Taxes | 450/3 | €12,975 | €16,824 | +€3,849 | +29.7% |
| Other amounts payable | 47/48 | €600,638 | €550,638 | -€50,000 | -8.3% |
| Accrued charges and deferred income | 492/3 | €52,139 | €46,750 | -€5,389 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,990 | €107,669 | +€54,679 | +103% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €522 | +€522 | |
| Other operating charges | 640/8 | €387 | €483 | +€96 | +24.8% |
| Gross operating margin | 9900 | -€89,401 | €335,801 | +€425,202 | |
| Operating profit (loss) | 9901 | -€142,778 | €227,127 | +€369,905 | |
| Financial income | 75/76B | €3 | €10 | +€7 | +233% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +233% |
| Financial charges | 65/66B | €20,954 | €36,546 | +€15,592 | +74.4% |
| Recurring financial charges | 65 | €20,954 | €36,546 | +€15,592 | +74.4% |
| Profit (loss) for the period before taxes | 9903 | -€163,729 | €190,591 | +€354,320 | |
| Profit (loss) for the period | 9904 | -€163,729 | €190,591 | +€354,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€163,729 | €190,591 | +€354,320 |
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.