CANT WIM: 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.
What changed
CANT WIM
NACE 01.430, Raising of horses and other equines
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €721,015+€581,563
Equity
€4.1m
2024 · €2.8m+€1.3m
Cash
€1.4m
2024 · €1.7m-€302,239
Balance sheet total
€7.7m
2024 · €6.8m+€934,635
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+34.4%), from €4.4m to €5.9m
of which Land and buildings: +€1.3m
- Cash -€302,239
down €302,239 (-17.9%), from €1.7m to €1.4m
mainly Investment in fixed assets (net) (-€1.9m) and Debts after one year (-€270,378)
- Stocks and contracts -€178,891
down €178,891 (-68.0%), from €262,891 to €84,000
- Receivables within one year -€88,946
down €88,946 (-23.5%), from €378,978 to €290,032
of which Trade receivables: -€228,292
Equity and liabilities
- Reserves +€1.3m
up €1.3m (+48.6%), from €2.7m to €4.0m
of which Distributable reserves: +€1.4m
- Debts after one year -€270,378
down €270,378 (-9.2%), from €2.9m to €2.7m
- Trade debts -€163,753
down €163,753 (-72.2%), from €226,935 to €63,182
Income statement
- Gross operating margin +€1.3m
up €1.3m (+100.0%), from €1.3m to €2.5m
- Taxes +€532,853
up €532,853 (+481%), from €110,770 to €643,623
- Depreciation +€33,377
up €33,377 (+10.9%), from €307,007 to €340,384
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.
Result 2024
€721,015
Gross operating margin
+€1.3m
Staff costs
-€21,672
Depreciation
-€33,377
Other operating charges
-€5,197
Other operating items
-€112,845
Financial income
+€4,775
Financial charges
+€6,391
Taxes
-€532,853
Deferred taxes and other
+€7,346
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€1.9m
Financing
-€232,933
Cash 2024
€1.7m
From operations (derived)
+€1.8m
Net result for the year
+€1.3m
Depreciation
+€340,384
Stocks and contracts
+€178,891
Receivables within one year
+€88,946
Deferred charges and accrued income
+€10,604
Provisions
-€40,293
Trade debts
-€163,753
Tax, wage and social debts
+€68,057
Accrued charges and deferred income
+€979
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€232,933
Debts after one year
-€270,378
Current portion of long-term debt
+€42,105
Contributions, distributions and other
-€4,660
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,752,812 | €7,687,447 | +€934,635 | +13.8% |
| Fixed assets | 21/28 | €4,408,503 | €5,923,818 | +€1.5m | +34.4% |
| Intangible fixed assets | 21 | €1,229 | €588 | -€642 | -52.2% |
| Tangible fixed assets | 22/27 | €4,407,264 | €5,923,220 | +€1.5m | +34.4% |
| Land and buildings | 22 | €4,213,365 | €5,522,066 | +€1.3m | +31.1% |
| Plant, machinery and equipment | 23 | €74,725 | €240,682 | +€165,957 | +222% |
| Furniture and vehicles | 24 | €119,174 | €160,473 | +€41,298 | +34.7% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €2,344,309 | €1,763,630 | -€580,679 | -24.8% |
| Stocks and contracts in progress | 3 | €262,891 | €84,000 | -€178,891 | -68.0% |
| Stocks | 30/36 | €262,891 | €84,000 | -€178,891 | -68.0% |
| Amounts receivable within one year | 40/41 | €378,978 | €290,032 | -€88,946 | -23.5% |
| Trade receivables | 40 | €245,193 | €16,901 | -€228,292 | -93.1% |
| Other amounts receivable | 41 | €133,785 | €273,131 | +€139,346 | +104% |
| Cash at bank and in hand | 54/58 | €1,691,836 | €1,389,597 | -€302,239 | -17.9% |
| Deferred charges and accrued income | 490/1 | €10,604 | €0 | -€10,604 | -100% |
| Total equity and liabilities | 10/49 | €6,752,812 | €7,687,447 | +€934,635 | +13.8% |
| Equity | 10/15 | €2,769,499 | €4,067,417 | +€1.3m | +46.9% |
| Contributions | 10/11 | €87,184 | €87,184 | = | 0.0% |
| Reserves | 13 | €2,677,655 | €3,980,233 | +€1.3m | +48.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,335,102 | €1,214,923 | -€120,180 | -9.0% |
| Distributable reserves | 133 | €1,342,553 | €2,765,311 | +€1.4m | +106% |
| Investment grants | 15 | €4,660 | €0 | -€4,660 | -100% |
| Provisions and deferred taxes | 16 | €445,267 | €404,974 | -€40,293 | -9.0% |
| Deferred taxes | 168 | €445,267 | €404,974 | -€40,293 | -9.0% |
| Amounts payable | 17/49 | €3,538,046 | €3,215,056 | -€322,990 | -9.1% |
| Amounts payable after more than one year | 17 | €2,942,808 | €2,672,430 | -€270,378 | -9.2% |
| Financial debts | 170/4 | €2,942,808 | €2,672,430 | -€270,378 | -9.2% |
| Amounts payable within one year | 42/48 | €584,963 | €531,372 | -€53,591 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €254,242 | €296,348 | +€42,105 | +16.6% |
| Trade debts | 44 | €226,935 | €63,182 | -€163,753 | -72.2% |
| Suppliers | 440/4 | €226,935 | €63,182 | -€163,753 | -72.2% |
| Taxes, remuneration and social security | 45 | €103,785 | €171,842 | +€68,057 | +65.6% |
| Taxes | 450/3 | €93,723 | €149,797 | +€56,075 | +59.8% |
| Remuneration and social security | 454/9 | €10,063 | €22,045 | +€11,982 | +119% |
| Accrued charges and deferred income | 492/3 | €10,275 | €11,254 | +€979 | +9.5% |
| Non-recurring operating income | 76A | €7,605 | €22,314 | +€14,709 | +193% |
| Remuneration, social security and pensions | 62 | €43,472 | €65,144 | +€21,672 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €307,007 | €340,384 | +€33,377 | +10.9% |
| Other operating charges | 640/8 | €10,362 | €15,559 | +€5,197 | +50.2% |
| Non-recurring operating charges | 66A | - | €112,845 | +€112,845 | |
| Gross operating margin | 9900 | €1,269,282 | €2,538,277 | +€1.3m | +100.0% |
| Operating profit (loss) | 9901 | €908,440 | €2,004,345 | +€1.1m | +121% |
| Financial income | 75/76B | €14,606 | €19,381 | +€4,775 | +32.7% |
| Recurring financial income | 75 | €14,606 | €19,381 | +€4,775 | +32.7% |
| Financial charges | 65/66B | €124,209 | €117,818 | -€6,391 | -5.1% |
| Recurring financial charges | 65 | €124,209 | €117,818 | -€6,391 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €798,837 | €1,905,908 | +€1.1m | +139% |
| Transfer from deferred taxes | 780 | €32,947 | €40,293 | +€7,346 | +22.3% |
| Income taxes | 67/77 | €110,770 | €643,623 | +€532,853 | +481% |
| Profit (loss) for the period | 9904 | €721,015 | €1,302,578 | +€581,563 | +80.7% |
| Transfer from tax-exempt reserves | 789 | €98,143 | €120,180 | +€22,037 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €819,157 | €1,422,758 | +€603,601 | +73.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.