CANTRINE: 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.
CANTRINE
Largest movements
- Tangible fixed assets -€136,074
down €136,074 (-2.0%), from €7.0m to €6.8m
of which Land and buildings: -€136,074
- Profit (loss) carried forward -€109,056
down €109,056 (-2.3%), from -€4.7m to -€4.8m
- Gross operating margin +€12,906
up €12,906 (+27.8%), from €46,462 to €59,368
- Depreciation -€7,001
down €7,001 (-5.2%), from €135,662 to €128,661
- Other operating charges -€3,096
down €3,096 (-22.3%), from €13,904 to €10,808
- Financial charges +€1,198
up €1,198 (+662.1%), from €181 to €1,378
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 | €7,223,808 | €7,144,438 | -€79,370 | -1.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,950,900 | €6,814,825 | -€136,074 | -2.0% |
| Tangible fixed assets | 22/27 | €6,950,900 | €6,814,825 | -€136,074 | -2.0% |
| Land and buildings | 22 | €6,950,900 | €6,814,825 | -€136,074 | -2.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €272,908 | €329,613 | +€56,705 | +20.8% |
| Amounts receivable within one year | 40/41 | €243,898 | €282,324 | +€38,426 | +15.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €243,898 | €282,324 | +€38,426 | +15.8% |
| Cash at bank and in hand | 54/58 | €27,499 | €2,185 | -€25,314 | -92.1% |
| Deferred charges and accrued income | 490/1 | €1,511 | €45,103 | +€43,592 | +2884.5% |
| Total equity and liabilities | 10/49 | €7,223,808 | €7,144,438 | -€79,370 | -1.1% |
| Equity | 10/15 | -€2,172,868 | -€2,281,924 | -€109,056 | -5.0% |
| Contributions | 10/11 | €2,478,935 | €2,478,935 | = | 0.0% |
| Outside capital | 11 | €2,478,935 | €2,478,935 | = | 0.0% |
| Other | 1109/19 | €2,478,935 | €2,478,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,651,803 | -€4,760,859 | -€109,056 | -2.3% |
| Amounts payable | 17/49 | €9,396,676 | €9,426,362 | +€29,686 | +0.3% |
| Amounts payable after more than one year | 17 | €9,360,479 | €9,415,591 | +€55,111 | +0.6% |
| Other amounts payable | 178/9 | €9,360,479 | €9,415,591 | +€55,111 | +0.6% |
| Amounts payable within one year | 42/48 | €36,196 | €10,771 | -€25,425 | -70.2% |
| Trade debts | 44 | €29,497 | €3,950 | -€25,547 | -86.6% |
| Suppliers | 440/4 | €29,497 | €3,950 | -€25,547 | -86.6% |
| Taxes, remuneration and social security | 45 | €3,687 | €3,808 | +€122 | +3.3% |
| Remuneration and social security | 454/9 | €3,687 | €3,808 | +€122 | +3.3% |
| Other amounts payable | 47/48 | €3,013 | €3,013 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €28,128 | €27,577 | -€551 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,662 | €128,661 | -€7,001 | -5.2% |
| Other operating charges | 640/8 | €13,904 | €10,808 | -€3,096 | -22.3% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €46,462 | €59,368 | +€12,906 | +27.8% |
| Operating profit (loss) | 9901 | -€131,233 | -€107,678 | +€23,555 | +17.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €181 | €1,378 | +€1,198 | +662.1% |
| Recurring financial charges | 65 | €181 | €1,378 | +€1,198 | +662.1% |
| Profit (loss) for the period before taxes | 9903 | -€131,413 | -€109,056 | +€22,357 | +17.0% |
| Profit (loss) for the period | 9904 | -€131,413 | -€109,056 | +€22,357 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€131,413 | -€109,056 | +€22,357 | +17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.