CANSIGEL: 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.
CANSIGEL
Largest movements
- Cash -€39,275
down €39,275 (-49.3%), from €79,625 to €40,350
mainly Investment in fixed assets (net) (-€37,012) and Trade debts (-€7,593)
- Tangible fixed assets +€22,077
up €22,077 (+15.1%), from €145,861 to €167,938
of which Furniture and vehicles: +€23,166
- Stocks and contracts +€5,873
up €5,873 (+11.0%), from €53,266 to €59,139
- Trade debts -€7,593
down €7,593 (-88.0%), from €8,624 to €1,031
- Tax, wage and social debts -€7,497
down €7,497 (-20.8%), from €36,111 to €28,614
of which Taxes: -€3,783
- Other debts -€3,800
no longer reported in 2025 (was €3,800)
- Current portion of long-term debt +€3,230
up €3,230 (+35.8%), from €9,018 to €12,248
- Turnover -€6,727
down €6,727 (-1.2%), from €582,614 to €575,887
- Gross operating margin -€5,849
down €5,849 (-2.7%), from €218,268 to €212,419
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 | €289,963 | €279,189 | -€10,774 | -3.7% |
| Fixed assets | 21/28 | €145,861 | €167,938 | +€22,077 | +15.1% |
| Tangible fixed assets | 22/27 | €145,861 | €167,938 | +€22,077 | +15.1% |
| Land and buildings | 22 | €117,820 | €113,656 | -€4,164 | -3.5% |
| Plant, machinery and equipment | 23 | €5,228 | €3,441 | -€1,787 | -34.2% |
| Furniture and vehicles | 24 | €3,428 | €26,594 | +€23,166 | +676% |
| Other tangible fixed assets | 26 | €19,385 | €24,247 | +€4,862 | +25.1% |
| Current assets | 29/58 | €144,102 | €111,251 | -€32,851 | -22.8% |
| Stocks and contracts in progress | 3 | €53,266 | €59,139 | +€5,873 | +11.0% |
| Stocks | 30/36 | €53,266 | €59,139 | +€5,873 | +11.0% |
| Amounts receivable within one year | 40/41 | €771 | €2,009 | +€1,238 | +161% |
| Trade receivables | 40 | €675 | €620 | -€55 | -8.1% |
| Other amounts receivable | 41 | €96 | €1,389 | +€1,293 | +1,347% |
| Cash at bank and in hand | 54/58 | €79,625 | €40,350 | -€39,275 | -49.3% |
| Deferred charges and accrued income | 490/1 | €10,440 | €9,753 | -€687 | -6.6% |
| Total equity and liabilities | 10/49 | €289,963 | €279,189 | -€10,774 | -3.7% |
| Equity | 10/15 | €149,744 | €152,883 | +€3,139 | +2.1% |
| Contributions | 10/11 | €8,260 | €8,260 | = | 0.0% |
| Reserves | 13 | €113,000 | €115,800 | +€2,800 | +2.5% |
| Distributable reserves | 133 | €113,000 | €115,800 | +€2,800 | +2.5% |
| Profit (loss) carried forward | 14 | €28,484 | €28,823 | +€339 | +1.2% |
| Amounts payable | 17/49 | €140,219 | €126,306 | -€13,913 | -9.9% |
| Amounts payable after more than one year | 17 | €82,666 | €84,413 | +€1,747 | +2.1% |
| Financial debts | 170/4 | €82,666 | €84,413 | +€1,747 | +2.1% |
| Amounts payable within one year | 42/48 | €57,553 | €41,893 | -€15,660 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €9,018 | €12,248 | +€3,230 | +35.8% |
| Trade debts | 44 | €8,624 | €1,031 | -€7,593 | -88.0% |
| Suppliers | 440/4 | €8,624 | €1,031 | -€7,593 | -88.0% |
| Taxes, remuneration and social security | 45 | €36,111 | €28,614 | -€7,497 | -20.8% |
| Taxes | 450/3 | €9,914 | €6,131 | -€3,783 | -38.2% |
| Remuneration and social security | 454/9 | €26,197 | €22,483 | -€3,714 | -14.2% |
| Other amounts payable | 47/48 | €3,800 | - | -€3,800 | |
| Turnover | 70 | €582,614 | €575,887 | -€6,727 | -1.2% |
| Non-recurring operating income | 76A | €2,533 | €1,444 | -€1,089 | -43.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €366,879 | €364,912 | -€1,967 | -0.5% |
| Remuneration, social security and pensions | 62 | €186,985 | €181,347 | -€5,638 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,171 | €14,935 | +€4,764 | +46.8% |
| Other operating charges | 640/8 | €8,538 | €8,346 | -€192 | -2.2% |
| Gross operating margin | 9900 | €218,268 | €212,419 | -€5,849 | -2.7% |
| Operating profit (loss) | 9901 | €12,574 | €7,791 | -€4,783 | -38.0% |
| Financial charges | 65/66B | €2,869 | €3,041 | +€172 | +6.0% |
| Recurring financial charges | 65 | €2,869 | €3,041 | +€172 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €9,705 | €4,750 | -€4,955 | -51.1% |
| Income taxes | 67/77 | €3,566 | €1,611 | -€1,955 | -54.8% |
| Profit (loss) for the period | 9904 | €6,139 | €3,139 | -€3,000 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,139 | €3,139 | -€3,000 | -48.9% |
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 19 October 2026 via checked.be.