CANTAS: 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.
CANTAS
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets -€122,230
down €122,230 (-47.7%), from €256,058 to €133,828
of which Land and buildings: -€121,666
- Cash -€94,223
down €94,223 (-56.6%), from €166,454 to €72,231
mainly Current investments (-€500,000) and Receivables within one year (-€5,094)
- Reserves +€216,642
up €216,642 (+168.0%), from €128,928 to €345,570
of which Tax-exempt reserves: +€216,642
- Provisions +€72,214
new in 2025: €72,214
- Gross operating margin +€284,234
up €284,234 (+1501.3%), from €18,933 to €303,167
- Financial income +€5,796
new in 2025: €5,796
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 | €424,313 | €716,854 | +€292,541 | +68.9% |
| Fixed assets | 21/28 | €256,157 | €133,927 | -€122,230 | -47.7% |
| Tangible fixed assets | 22/27 | €256,058 | €133,828 | -€122,230 | -47.7% |
| Land and buildings | 22 | €255,494 | €133,828 | -€121,666 | -47.6% |
| Furniture and vehicles | 24 | €564 | - | -€564 | |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €168,156 | €582,927 | +€414,770 | +246.7% |
| Amounts receivable within one year | 40/41 | €1,702 | €6,796 | +€5,094 | +299.3% |
| Trade receivables | 40 | €1,702 | €1,753 | +€51 | +3.0% |
| Other amounts receivable | 41 | - | €5,043 | +€5,043 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €166,454 | €72,231 | -€94,223 | -56.6% |
| Deferred charges and accrued income | 490/1 | - | €3,900 | +€3,900 | |
| Total equity and liabilities | 10/49 | €424,313 | €716,854 | +€292,541 | +68.9% |
| Equity | 10/15 | €421,173 | €641,824 | +€220,652 | +52.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €128,928 | €345,570 | +€216,642 | +168.0% |
| Tax-exempt reserves | 132 | - | €216,642 | +€216,642 | |
| Distributable reserves | 133 | €128,928 | €128,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,653 | €277,662 | +€4,009 | +1.5% |
| Provisions and deferred taxes | 16 | - | €72,214 | +€72,214 | |
| Deferred taxes | 168 | - | €72,214 | +€72,214 | |
| Amounts payable | 17/49 | €3,141 | €2,816 | -€325 | -10.3% |
| Amounts payable within one year | 42/48 | €1,548 | €476 | -€1,073 | -69.3% |
| Trade debts | 44 | - | €476 | +€476 | |
| Suppliers | 440/4 | - | €476 | +€476 | |
| Taxes, remuneration and social security | 45 | €1,548 | - | -€1,548 | |
| Taxes | 450/3 | €1,548 | - | -€1,548 | |
| Accrued charges and deferred income | 492/3 | €1,593 | €2,340 | +€748 | +46.9% |
| Non-recurring operating income | 76A | - | €302,449 | +€302,449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,192 | €10,678 | -€514 | -4.6% |
| Other operating charges | 640/8 | €3,378 | €3,533 | +€155 | +4.6% |
| Gross operating margin | 9900 | €18,933 | €303,167 | +€284,234 | +1501.3% |
| Operating profit (loss) | 9901 | €4,363 | €288,957 | +€284,593 | +6522.2% |
| Financial income | 75/76B | - | €5,796 | +€5,796 | |
| Recurring financial income | 75 | - | €5,796 | +€5,796 | |
| Financial charges | 65/66B | €37 | €44 | +€7 | +17.8% |
| Recurring financial charges | 65 | €37 | €44 | +€7 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €4,326 | €294,710 | +€290,383 | +6711.8% |
| Transfer to deferred taxes | 680 | - | €72,214 | +€72,214 | |
| Income taxes | 67/77 | €1,548 | €1,844 | +€296 | +19.1% |
| Profit (loss) for the period | 9904 | €2,778 | €220,652 | +€217,873 | +7842.5% |
| Transfer to tax-exempt reserves | 689 | - | €216,642 | +€216,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,778 | €4,009 | +€1,231 | +44.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.