CANTAERT CONSTRUCTIONS: 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.
CANTAERT CONSTRUCTIONS
Largest movements
- Cash -€10,586
down €10,586 (-17.9%), from €59,189 to €48,603
mainly Contributions, distributions and other (-€94,100) and Investment in fixed assets (net) (-€10,431)
- Tangible fixed assets +€7,978
up €7,978 (+359.7%), from €2,218 to €10,196
- Receivables within one year -€5,266
down €5,266 (-24.9%), from €21,163 to €15,898
of which Trade receivables: -€10,567
- Reserves -€52,340
down €52,340 (-99.2%), from €52,748 to €408
- Other debts +€36,441
up €36,441 (+720.4%), from €5,059 to €41,500
- Debts after one year +€8,030
new in 2025: €8,030
- Tax, wage and social debts -€7,055
down €7,055 (-39.3%), from €17,951 to €10,896
of which Taxes: -€11,555
- Short-term financial debts +€5,401
new in 2025: €5,401
- Gross operating margin -€17,552
down €17,552 (-23.7%), from €73,913 to €56,361
- Taxes -€8,788
down €8,788 (-44.9%), from €19,582 to €10,795
- Depreciation +€1,810
up €1,810 (+281.5%), from €643 to €2,454
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 | €82,570 | €74,736 | -€7,834 | -9.5% |
| Fixed assets | 21/28 | €2,218 | €10,196 | +€7,978 | +359.7% |
| Tangible fixed assets | 22/27 | €2,218 | €10,196 | +€7,978 | +359.7% |
| Furniture and vehicles | 24 | €2,218 | €10,196 | +€7,978 | +359.7% |
| Current assets | 29/58 | €80,352 | €64,540 | -€15,812 | -19.7% |
| Amounts receivable within one year | 40/41 | €21,163 | €15,898 | -€5,266 | -24.9% |
| Trade receivables | 40 | €21,163 | €10,596 | -€10,567 | -49.9% |
| Other amounts receivable | 41 | - | €5,302 | +€5,302 | |
| Cash at bank and in hand | 54/58 | €59,189 | €48,603 | -€10,586 | -17.9% |
| Deferred charges and accrued income | 490/1 | - | €39 | +€39 | |
| Total equity and liabilities | 10/49 | €82,570 | €74,736 | -€7,834 | -9.5% |
| Equity | 10/15 | €57,748 | €5,408 | -€52,340 | -90.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,748 | €408 | -€52,340 | -99.2% |
| Distributable reserves | 133 | €52,748 | €408 | -€52,340 | -99.2% |
| Amounts payable | 17/49 | €24,822 | €69,328 | +€44,506 | +179.3% |
| Amounts payable after more than one year | 17 | - | €8,030 | +€8,030 | |
| Other amounts payable | 178/9 | - | €8,030 | +€8,030 | |
| Amounts payable within one year | 42/48 | €24,497 | €60,834 | +€36,337 | +148.3% |
| Financial debts | 43 | - | €5,401 | +€5,401 | |
| Credit institutions | 430/8 | - | €5,401 | +€5,401 | |
| Trade debts | 44 | €1,487 | €3,038 | +€1,551 | +104.3% |
| Suppliers | 440/4 | €1,487 | €3,038 | +€1,551 | +104.3% |
| Taxes, remuneration and social security | 45 | €17,951 | €10,896 | -€7,055 | -39.3% |
| Taxes | 450/3 | €17,951 | €6,396 | -€11,555 | -64.4% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €5,059 | €41,500 | +€36,441 | +720.4% |
| Accrued charges and deferred income | 492/3 | €325 | €463 | +€138 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €2,454 | +€1,810 | +281.5% |
| Other operating charges | 640/8 | €536 | €544 | +€7 | +1.4% |
| Gross operating margin | 9900 | €73,913 | €56,361 | -€17,552 | -23.7% |
| Operating profit (loss) | 9901 | €72,733 | €53,364 | -€19,370 | -26.6% |
| Financial income | 75/76B | €450 | €321 | -€129 | -28.7% |
| Recurring financial income | 75 | €450 | €321 | -€129 | -28.7% |
| Financial charges | 65/66B | €917 | €1,130 | +€213 | +23.2% |
| Recurring financial charges | 65 | €917 | €1,130 | +€213 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €72,267 | €52,554 | -€19,712 | -27.3% |
| Income taxes | 67/77 | €19,582 | €10,795 | -€8,788 | -44.9% |
| Profit (loss) for the period | 9904 | €52,684 | €41,760 | -€10,925 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,684 | €41,760 | -€10,925 | -20.7% |
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 4 October 2026 via checked.be.