CANTERO & VARGAS: what changed
CANTERO & VARGAS
Largest movements
- Receivables within one year +€7,244
up €7,244 (+248%), from €2,920 to €10,164
- Cash -€3,629
down €3,629 (-80.5%), from €4,506 to €877
mainly Receivables within one year (-€7,244) and Other debts (-€2,008)
- Deferred charges and accrued income +€1,387
up €1,387 (+42.4%), from €3,273 to €4,660
- Tangible fixed assets -€759
down €759 (-28.3%), from €2,683 to €1,925
of which Land and buildings: -€759
- Profit (loss) carried forward +€5,754
up €5,754 (+6.1%), from -€94,438 to -€88,684
- Tax, wage and social debts +€2,279
up €2,279 (+13.1%), from €17,407 to €19,686
of which Remuneration and social security: +€9,261
- Other debts -€2,008
down €2,008 (-11.6%), from €17,330 to €15,322
- Trade debts -€1,723
down €1,723 (-51.8%), from €3,328 to €1,605
- Gross operating margin +€15,247
up €15,247 (+22.5%), from €67,789 to €83,037
- Staff costs +€3,375
up €3,375 (+4.7%), from €72,094 to €75,470
- Taxes -€2,072
down €2,072 (-93.6%), from €2,212 to €141
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,745 | €17,989 | +€4,243 | +30.9% |
| Fixed assets | 21/28 | €3,046 | €2,288 | -€759 | -24.9% |
| Tangible fixed assets | 22/27 | €2,683 | €1,925 | -€759 | -28.3% |
| Land and buildings | 22 | €2,683 | €1,925 | -€759 | -28.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €10,699 | €15,701 | +€5,002 | +46.7% |
| Amounts receivable within one year | 40/41 | €2,920 | €10,164 | +€7,244 | +248% |
| Trade receivables | 40 | €2,920 | €10,164 | +€7,244 | +248% |
| Cash at bank and in hand | 54/58 | €4,506 | €877 | -€3,629 | -80.5% |
| Deferred charges and accrued income | 490/1 | €3,273 | €4,660 | +€1,387 | +42.4% |
| Total equity and liabilities | 10/49 | €13,745 | €17,989 | +€4,243 | +30.9% |
| Equity | 10/15 | -€86,378 | -€80,624 | +€5,754 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€94,438 | -€88,684 | +€5,754 | +6.1% |
| Amounts payable | 17/49 | €100,123 | €98,612 | -€1,511 | -1.5% |
| Amounts payable after more than one year | 17 | €62,000 | €62,000 | = | 0.0% |
| Other amounts payable | 178/9 | €62,000 | €62,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,065 | €36,612 | -€1,453 | -3.8% |
| Trade debts | 44 | €3,328 | €1,605 | -€1,723 | -51.8% |
| Suppliers | 440/4 | €3,328 | €1,605 | -€1,723 | -51.8% |
| Taxes, remuneration and social security | 45 | €17,407 | €19,686 | +€2,279 | +13.1% |
| Taxes | 450/3 | €7,283 | €301 | -€6,983 | -95.9% |
| Remuneration and social security | 454/9 | €10,124 | €19,385 | +€9,261 | +91.5% |
| Other amounts payable | 47/48 | €17,330 | €15,322 | -€2,008 | -11.6% |
| Accrued charges and deferred income | 492/3 | €58 | - | -€58 | |
| Remuneration, social security and pensions | 62 | €72,094 | €75,470 | +€3,375 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €759 | €759 | = | 0.0% |
| Other operating charges | 640/8 | €605 | €541 | -€65 | -10.7% |
| Gross operating margin | 9900 | €67,789 | €83,037 | +€15,247 | +22.5% |
| Operating profit (loss) | 9901 | -€5,669 | €6,268 | +€11,937 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €528 | €373 | -€155 | -29.4% |
| Recurring financial charges | 65 | €528 | €373 | -€155 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,197 | €5,895 | +€12,092 | |
| Income taxes | 67/77 | €2,212 | €141 | -€2,072 | -93.6% |
| Profit (loss) for the period | 9904 | -€8,409 | €5,754 | +€14,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,409 | €5,754 | +€14,164 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.