CANTHY MANAGEMENT: 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.
CANTHY MANAGEMENT
Largest movements
- Receivables within one year +€30,740
up €30,740 (+8,950%), from €343 to €31,084
of which Trade receivables: +€31,084
- Cash +€7,732
up €7,732 (+24.3%), from €31,877 to €39,610
mainly Trade debts (+€36,125) and Net result for the year (+€2,561)
- Tangible fixed assets +€3,570
new in 2025: €3,570
- Trade debts +€36,125
up €36,125 (+302,048%), from €12 to €36,137
- Profit (loss) carried forward +€2,561
up €2,561 (+19.5%), from €13,130 to €15,690
- Tax, wage and social debts +€2,121
up €2,121 (+11.8%), from €17,976 to €20,098
of which Taxes: +€5,621
- Gross operating margin -€12,533
down €12,533 (-73.9%), from €16,956 to €4,422
- Taxes -€2,672
down €2,672 (-79.0%), from €3,385 to €712
- Depreciation +€439
up €439 (+141%), from €312 to €750
- Financial charges +€269
up €269 (+207%), from €130 to €399
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,118 | €75,439 | +€41,321 | +121% |
| Formation expenses | 20 | €1,547 | €1,175 | -€372 | -24.0% |
| Fixed assets | 21/28 | - | €3,570 | +€3,570 | |
| Tangible fixed assets | 22/27 | - | €3,570 | +€3,570 | |
| Furniture and vehicles | 24 | - | €3,570 | +€3,570 | |
| Current assets | 29/58 | €32,571 | €70,693 | +€38,122 | +117% |
| Amounts receivable within one year | 40/41 | €343 | €31,084 | +€30,740 | +8,950% |
| Trade receivables | 40 | - | €31,084 | +€31,084 | |
| Other amounts receivable | 41 | €343 | - | -€343 | |
| Cash at bank and in hand | 54/58 | €31,877 | €39,610 | +€7,732 | +24.3% |
| Deferred charges and accrued income | 490/1 | €350 | - | -€350 | |
| Total equity and liabilities | 10/49 | €34,118 | €75,439 | +€41,321 | +121% |
| Equity | 10/15 | €16,130 | €18,690 | +€2,561 | +15.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,130 | €15,690 | +€2,561 | +19.5% |
| Amounts payable | 17/49 | €17,988 | €56,749 | +€38,761 | +215% |
| Amounts payable within one year | 42/48 | €17,988 | €56,749 | +€38,761 | +215% |
| Trade debts | 44 | €12 | €36,137 | +€36,125 | +302,048% |
| Suppliers | 440/4 | €12 | €36,137 | +€36,125 | +302,048% |
| Taxes, remuneration and social security | 45 | €17,976 | €20,098 | +€2,121 | +11.8% |
| Taxes | 450/3 | €14,476 | €20,098 | +€5,621 | +38.8% |
| Remuneration and social security | 454/9 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | - | €514 | +€514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €750 | +€439 | +141% |
| Gross operating margin | 9900 | €16,956 | €4,422 | -€12,533 | -73.9% |
| Operating profit (loss) | 9901 | €16,644 | €3,672 | -€12,972 | -77.9% |
| Financial charges | 65/66B | €130 | €399 | +€269 | +207% |
| Recurring financial charges | 65 | €130 | €399 | +€269 | +207% |
| Profit (loss) for the period before taxes | 9903 | €16,514 | €3,273 | -€13,241 | -80.2% |
| Income taxes | 67/77 | €3,385 | €712 | -€2,672 | -79.0% |
| Profit (loss) for the period | 9904 | €13,130 | €2,561 | -€10,569 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,130 | €2,561 | -€10,569 | -80.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.