Cant: 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.
Cant
Largest movements
- Cash -€115,082
down €115,082 (-81.0%), from €142,065 to €26,983
mainly Contributions, distributions and other (-€203,021) and Investment in fixed assets (net) (-€43,595)
- Tangible fixed assets +€36,668
new in 2025: €36,668
- Receivables within one year -€8,335
down €8,335 (-64.5%), from €12,930 to €4,595
of which Other amounts receivable: -€10,035
- Deferred charges and accrued income -€5,305
down €5,305 (-9.7%), from €54,627 to €49,322
- Reserves -€128,679
down €128,679 (-63.4%), from €203,021 to €74,342
- Debts after one year +€28,302
new in 2025: €28,302
- Current portion of long-term debt +€8,437
new in 2025: €8,437
- Tax, wage and social debts -€3,685
down €3,685 (-100.0%), from €3,685 to €0
- Other debts +€2,697
up €2,697, from €0 to €2,697
- Gross operating margin -€8,288
down €8,288 (-7.4%), from €111,901 to €103,613
- Depreciation +€6,927
new in 2025: €6,927
- Taxes -€4,338
down €4,338 (-18.3%), from €23,685 to €19,347
- Financial charges +€1,270
up €1,270 (+2920.0%), from €44 to €1,314
- Other operating charges +€1,261
up €1,261 (+180.4%), from €699 to €1,960
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 | €209,722 | €117,667 | -€92,055 | -43.9% |
| Fixed assets | 21/28 | €100 | €36,768 | +€36,668 | +36667.7% |
| Tangible fixed assets | 22/27 | - | €36,668 | +€36,668 | |
| Leasing and similar rights | 25 | - | €36,668 | +€36,668 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €209,622 | €80,900 | -€128,722 | -61.4% |
| Amounts receivable within one year | 40/41 | €12,930 | €4,595 | -€8,335 | -64.5% |
| Trade receivables | 40 | - | €1,700 | +€1,700 | |
| Other amounts receivable | 41 | €12,930 | €2,895 | -€10,035 | -77.6% |
| Cash at bank and in hand | 54/58 | €142,065 | €26,983 | -€115,082 | -81.0% |
| Deferred charges and accrued income | 490/1 | €54,627 | €49,322 | -€5,305 | -9.7% |
| Total equity and liabilities | 10/49 | €209,722 | €117,667 | -€92,055 | -43.9% |
| Equity | 10/15 | €205,421 | €76,742 | -€128,679 | -62.6% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €203,021 | €74,342 | -€128,679 | -63.4% |
| Distributable reserves | 133 | €203,021 | €74,342 | -€128,679 | -63.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,300 | €40,925 | +€36,625 | +851.7% |
| Amounts payable after more than one year | 17 | - | €28,302 | +€28,302 | |
| Financial debts | 170/4 | - | €28,302 | +€28,302 | |
| Amounts payable within one year | 42/48 | €4,300 | €12,624 | +€8,323 | +193.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,437 | +€8,437 | |
| Trade debts | 44 | €615 | €1,489 | +€873 | +142.0% |
| Suppliers | 440/4 | €615 | €1,489 | +€873 | +142.0% |
| Taxes, remuneration and social security | 45 | €3,685 | €0 | -€3,685 | -100.0% |
| Taxes | 450/3 | €3,685 | €0 | -€3,685 | -100.0% |
| Other amounts payable | 47/48 | €0 | €2,697 | +€2,697 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,927 | +€6,927 | |
| Other operating charges | 640/8 | €699 | €1,960 | +€1,261 | +180.4% |
| Gross operating margin | 9900 | €111,901 | €103,613 | -€8,288 | -7.4% |
| Operating profit (loss) | 9901 | €111,203 | €94,726 | -€16,477 | -14.8% |
| Financial income | 75/76B | €343 | €277 | -€66 | -19.2% |
| Recurring financial income | 75 | €343 | €277 | -€66 | -19.2% |
| Financial charges | 65/66B | €44 | €1,314 | +€1,270 | +2920.0% |
| Recurring financial charges | 65 | €44 | €1,314 | +€1,270 | +2920.0% |
| Profit (loss) for the period before taxes | 9903 | €111,502 | €93,690 | -€17,813 | -16.0% |
| Income taxes | 67/77 | €23,685 | €19,347 | -€4,338 | -18.3% |
| Profit (loss) for the period | 9904 | €87,817 | €74,342 | -€13,475 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,817 | €74,342 | -€13,475 | -15.3% |
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 28 September 2026 via checked.be.