Charles Van Canneyt: 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.
Charles Van Canneyt
Largest movements
- Stocks and contracts -€20,722
down €20,722 (-3.5%), from €586,362 to €565,640
- Other debts +€60,233
up €60,233 (+27.4%), from €220,048 to €280,281
- Tax, wage and social debts -€41,041
down €41,041 (-100.0%), from €41,050 to €9
- Reserves -€18,548
down €18,548 (-2.6%), from €723,709 to €705,161
- Current portion of long-term debt -€17,961
down €17,961 (-100%), from €17,961 to €0
- Gross operating margin -€148,448
down €148,448 (-84.4%), from €175,851 to €27,403
- Taxes -€37,007
down €37,007 (-100%), from €37,007 to €0
- Depreciation -€17,672
down €17,672 (-35.9%), from €49,234 to €31,562
- Write-downs +€9,914
up €9,914, from €0 to €9,914
- Financial charges -€4,863
down €4,863 (-57.8%), from €8,414 to €3,551
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 | €1,039,546 | €1,009,494 | -€30,052 | -2.9% |
| Fixed assets | 21/28 | €291,368 | €284,417 | -€6,951 | -2.4% |
| Tangible fixed assets | 22/27 | €291,035 | €284,384 | -€6,651 | -2.3% |
| Land and buildings | 22 | €240,728 | €250,474 | +€9,746 | +4.0% |
| Furniture and vehicles | 24 | €50,307 | €33,910 | -€16,397 | -32.6% |
| Financial fixed assets | 28 | €333 | €33 | -€300 | -90.0% |
| Current assets | 29/58 | €748,177 | €725,076 | -€23,101 | -3.1% |
| Stocks and contracts in progress | 3 | €586,362 | €565,640 | -€20,722 | -3.5% |
| Stocks | 30/36 | €586,362 | €565,640 | -€20,722 | -3.5% |
| Amounts receivable within one year | 40/41 | €39,168 | €29,557 | -€9,611 | -24.5% |
| Trade receivables | 40 | €38,653 | €27,969 | -€10,684 | -27.6% |
| Other amounts receivable | 41 | €515 | €1,588 | +€1,073 | +208% |
| Cash at bank and in hand | 54/58 | €45,088 | €49,024 | +€3,936 | +8.7% |
| Deferred charges and accrued income | 490/1 | €77,559 | €80,855 | +€3,297 | +4.3% |
| Total equity and liabilities | 10/49 | €1,039,546 | €1,009,494 | -€30,052 | -2.9% |
| Equity | 10/15 | €726,209 | €707,661 | -€18,548 | -2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €723,709 | €705,161 | -€18,548 | -2.6% |
| Distributable reserves | 133 | €723,709 | €705,161 | -€18,548 | -2.6% |
| Amounts payable | 17/49 | €313,337 | €301,832 | -€11,504 | -3.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €307,445 | €301,832 | -€5,613 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €17,961 | €0 | -€17,961 | -100% |
| Trade debts | 44 | €28,386 | €21,542 | -€6,844 | -24.1% |
| Suppliers | 440/4 | €28,386 | €21,542 | -€6,844 | -24.1% |
| Taxes, remuneration and social security | 45 | €41,050 | €9 | -€41,041 | -100.0% |
| Taxes | 450/3 | €41,050 | €9 | -€41,041 | -100.0% |
| Other amounts payable | 47/48 | €220,048 | €280,281 | +€60,233 | +27.4% |
| Accrued charges and deferred income | 492/3 | €5,892 | €0 | -€5,892 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,234 | €31,562 | -€17,672 | -35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €9,914 | +€9,914 | |
| Other operating charges | 640/8 | €1,772 | €950 | -€823 | -46.4% |
| Gross operating margin | 9900 | €175,851 | €27,403 | -€148,448 | -84.4% |
| Operating profit (loss) | 9901 | €124,845 | -€15,023 | -€139,868 | |
| Financial income | 75/76B | €131 | €26 | -€106 | -80.6% |
| Recurring financial income | 75 | €131 | €26 | -€106 | -80.6% |
| Financial charges | 65/66B | €8,414 | €3,551 | -€4,863 | -57.8% |
| Recurring financial charges | 65 | €8,414 | €3,551 | -€4,863 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €116,562 | -€18,548 | -€135,110 | |
| Income taxes | 67/77 | €37,007 | €0 | -€37,007 | -100% |
| Profit (loss) for the period | 9904 | €79,555 | -€18,548 | -€98,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,555 | -€18,548 | -€98,103 |
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 24 October 2026 via checked.be.