CANTILIS: 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.
CANTILIS
Largest movements
- Cash -€14,020
down €14,020 (-64.2%), from €21,831 to €7,812
mainly Trade debts (-€21,330) and Net result for the year (-€14,271)
- Receivables within one year -€2,615
down €2,615 (-2.9%), from €91,548 to €88,933
of which Other amounts receivable: -€7,990
- Tangible fixed assets -€2,370
down €2,370 (-39.1%), from €6,062 to €3,692
of which Furniture and vehicles: -€2,258
- Trade debts -€21,330
down €21,330 (-27.2%), from €78,492 to €57,162
- Profit (loss) carried forward -€14,271
down €14,271 (-19.8%), from -€72,067 to -€86,338
- Other debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€6,570
up €6,570 (+25.7%), from €25,568 to €32,138
of which Taxes: +€7,831
- Gross operating margin +€72,612
up €72,612 (+51.3%), from €141,520 to €214,132
- Staff costs +€31,630
up €31,630 (+16.4%), from €192,927 to €224,557
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 | €119,442 | €100,437 | -€19,004 | -15.9% |
| Fixed assets | 21/28 | €6,062 | €3,692 | -€2,370 | -39.1% |
| Tangible fixed assets | 22/27 | €6,062 | €3,692 | -€2,370 | -39.1% |
| Plant, machinery and equipment | 23 | €242 | €131 | -€111 | -46.0% |
| Furniture and vehicles | 24 | €5,820 | €3,562 | -€2,258 | -38.8% |
| Current assets | 29/58 | €113,379 | €96,745 | -€16,635 | -14.7% |
| Amounts receivable within one year | 40/41 | €91,548 | €88,933 | -€2,615 | -2.9% |
| Trade receivables | 40 | €83,068 | €88,442 | +€5,375 | +6.5% |
| Other amounts receivable | 41 | €8,480 | €491 | -€7,990 | -94.2% |
| Cash at bank and in hand | 54/58 | €21,831 | €7,812 | -€14,020 | -64.2% |
| Total equity and liabilities | 10/49 | €119,442 | €100,437 | -€19,004 | -15.9% |
| Equity | 10/15 | €14,641 | €370 | -€14,271 | -97.5% |
| Contributions | 10/11 | €22,540 | €22,540 | = | 0.0% |
| Reserves | 13 | €64,168 | €64,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,150 | €3,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,150 | €3,150 | = | 0.0% |
| Distributable reserves | 133 | €61,018 | €61,018 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,067 | -€86,338 | -€14,271 | -19.8% |
| Amounts payable | 17/49 | €104,801 | €100,067 | -€4,734 | -4.5% |
| Amounts payable within one year | 42/48 | €104,801 | €100,067 | -€4,734 | -4.5% |
| Financial debts | 43 | €741 | €767 | +€26 | +3.6% |
| Credit institutions | 430/8 | €741 | €767 | +€26 | +3.6% |
| Trade debts | 44 | €78,492 | €57,162 | -€21,330 | -27.2% |
| Suppliers | 440/4 | €78,492 | €57,162 | -€21,330 | -27.2% |
| Taxes, remuneration and social security | 45 | €25,568 | €32,138 | +€6,570 | +25.7% |
| Taxes | 450/3 | €576 | €8,407 | +€7,831 | +1,359% |
| Remuneration and social security | 454/9 | €24,992 | €23,731 | -€1,261 | -5.0% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €192,927 | €224,557 | +€31,630 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,143 | €2,370 | -€773 | -24.6% |
| Other operating charges | 640/8 | €404 | €812 | +€408 | +101% |
| Gross operating margin | 9900 | €141,520 | €214,132 | +€72,612 | +51.3% |
| Operating profit (loss) | 9901 | -€54,953 | -€13,607 | +€41,346 | +75.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €521 | €452 | -€69 | -13.2% |
| Recurring financial charges | 65 | €521 | €452 | -€69 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,474 | -€14,059 | +€41,415 | +74.7% |
| Income taxes | 67/77 | €203 | €212 | +€9 | +4.3% |
| Profit (loss) for the period | 9904 | -€55,677 | -€14,271 | +€41,406 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,677 | -€14,271 | +€41,406 | +74.4% |
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 14 October 2026 via checked.be.