Cantrak: 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.
Cantrak
Largest movements
- Financial fixed assets +€4.1m
up €4.1m (+169%), from €2.4m to €6.5m
- Debts after one year +€3.1m
up €3.1m (+517%), from €590,000 to €3.6m
- Contributions +€1.4m
up €1.4m (+36.8%), from €3.7m to €5.0m
- Profit (loss) carried forward -€252,461
down €252,461 (-13.3%), from -€1.9m to -€2.2m
- Gross operating margin +€71,024
up €71,024 (+26.8%), from -€265,473 to -€194,449
- Other operating charges +€44,510
new in 2025: €44,510
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 | €2,455,623 | €6,631,988 | +€4.2m | +170% |
| Fixed assets | 21/28 | €2,414,811 | €6,483,341 | +€4.1m | +168% |
| Tangible fixed assets | 22/27 | €2,840 | €1,357 | -€1,483 | -52.2% |
| Furniture and vehicles | 24 | €2,840 | €1,357 | -€1,483 | -52.2% |
| Financial fixed assets | 28 | €2,411,972 | €6,481,984 | +€4.1m | +169% |
| Current assets | 29/58 | €40,812 | €148,647 | +€107,836 | +264% |
| Amounts receivable within one year | 40/41 | €27,545 | €83,616 | +€56,070 | +204% |
| Trade receivables | 40 | €13,687 | €68,024 | +€54,338 | +397% |
| Other amounts receivable | 41 | €13,859 | €15,591 | +€1,733 | +12.5% |
| Cash at bank and in hand | 54/58 | €13,267 | €65,032 | +€51,765 | +390% |
| Total equity and liabilities | 10/49 | €2,455,623 | €6,631,988 | +€4.2m | +170% |
| Equity | 10/15 | €1,767,359 | €2,864,898 | +€1.1m | +62.1% |
| Contributions | 10/11 | €3,668,600 | €5,018,600 | +€1.4m | +36.8% |
| Profit (loss) carried forward | 14 | -€1,901,241 | -€2,153,702 | -€252,461 | -13.3% |
| Amounts payable | 17/49 | €688,264 | €3,767,090 | +€3.1m | +447% |
| Amounts payable after more than one year | 17 | €590,000 | €3,640,000 | +€3.1m | +517% |
| Financial debts | 170/4 | €590,000 | €3,640,000 | +€3.1m | +517% |
| Amounts payable within one year | 42/48 | €98,264 | €127,090 | +€28,826 | +29.3% |
| Trade debts | 44 | €27,501 | €53,160 | +€25,659 | +93.3% |
| Suppliers | 440/4 | €27,501 | €53,160 | +€25,659 | +93.3% |
| Advances received on contracts in progress | 46 | €12,500 | - | -€12,500 | |
| Taxes, remuneration and social security | 45 | €8,652 | €8,652 | = | 0.0% |
| Taxes | 450/3 | €8,652 | €8,652 | = | 0.0% |
| Other amounts payable | 47/48 | €49,611 | €65,278 | +€15,667 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €972 | €1,483 | +€510 | +52.5% |
| Other operating charges | 640/8 | - | €44,510 | +€44,510 | |
| Gross operating margin | 9900 | -€265,473 | -€194,449 | +€71,024 | +26.8% |
| Operating profit (loss) | 9901 | -€266,446 | -€240,442 | +€26,004 | +9.8% |
| Financial income | 75/76B | - | €181 | +€181 | |
| Recurring financial income | 75 | - | €181 | +€181 | |
| Financial charges | 65/66B | €11,695 | €12,201 | +€506 | +4.3% |
| Recurring financial charges | 65 | €11,695 | €12,201 | +€506 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€278,140 | -€252,461 | +€25,679 | +9.2% |
| Profit (loss) for the period | 9904 | -€278,140 | -€252,461 | +€25,679 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€278,140 | -€252,461 | +€25,679 | +9.2% |
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 30 October 2026 via checked.be.