DE CANTAREL: 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.
DE CANTAREL
Largest movements
- Receivables after one year +€53,672
up €53,672 (+88.9%), from €60,357 to €114,028
- Tangible fixed assets -€30,201
down €30,201 (-22.8%), from €132,288 to €102,087
of which Land and buildings: -€24,229
- Receivables within one year +€9,220
up €9,220 (+22.2%), from €41,476 to €50,696
of which Other amounts receivable: +€9,220
- Profit (loss) carried forward +€38,892
up €38,892, from -€38,892 to €0
- Debts after one year +€22,360
up €22,360 (+4.5%), from €497,036 to €519,396
of which Other amounts payable: +€48,294
- Reserves -€14,228
down €14,228 (-12.3%), from €115,425 to €101,196
of which Tax-exempt reserves: -€24,339
- Staff costs -€28,788
down €28,788 (-46.1%), from €62,470 to €33,682
- Gross operating margin +€23,000
up €23,000 (+20.2%), from €113,669 to €136,669
- Financial charges -€12,933
down €12,933 (-29.7%), from €43,502 to €30,570
- Taxes +€10,931
up €10,931 (+3,354%), from €326 to €11,257
- Other operating charges -€8,240
down €8,240 (-54.4%), from €15,151 to €6,911
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 | €746,399 | €789,484 | +€43,085 | +5.8% |
| Fixed assets | 21/28 | €633,088 | €602,887 | -€30,201 | -4.8% |
| Tangible fixed assets | 22/27 | €132,288 | €102,087 | -€30,201 | -22.8% |
| Land and buildings | 22 | €122,496 | €98,267 | -€24,229 | -19.8% |
| Plant, machinery and equipment | 23 | €3,455 | €1,066 | -€2,389 | -69.2% |
| Furniture and vehicles | 24 | €6,338 | €2,755 | -€3,583 | -56.5% |
| Financial fixed assets | 28 | €500,800 | €500,800 | = | 0.0% |
| Current assets | 29/58 | €113,311 | €186,597 | +€73,286 | +64.7% |
| Amounts receivable after more than one year | 29 | €60,357 | €114,028 | +€53,672 | +88.9% |
| Other amounts receivable | 291 | €60,357 | €114,028 | +€53,672 | +88.9% |
| Amounts receivable within one year | 40/41 | €41,476 | €50,696 | +€9,220 | +22.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €41,476 | €50,696 | +€9,220 | +22.2% |
| Cash at bank and in hand | 54/58 | €1,452 | €5,320 | +€3,868 | +266% |
| Deferred charges and accrued income | 490/1 | €10,026 | €16,553 | +€6,527 | +65.1% |
| Total equity and liabilities | 10/49 | €746,399 | €789,484 | +€43,085 | +5.8% |
| Equity | 10/15 | €120,132 | €144,796 | +€24,664 | +20.5% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €115,425 | €101,196 | -€14,228 | -12.3% |
| Tax-exempt reserves | 132 | €93,780 | €69,440 | -€24,339 | -26.0% |
| Distributable reserves | 133 | €21,645 | €31,756 | +€10,111 | +46.7% |
| Profit (loss) carried forward | 14 | -€38,892 | €0 | +€38,892 | |
| Provisions and deferred taxes | 16 | €23,445 | €17,360 | -€6,085 | -26.0% |
| Deferred taxes | 168 | €23,445 | €17,360 | -€6,085 | -26.0% |
| Amounts payable | 17/49 | €602,823 | €627,328 | +€24,505 | +4.1% |
| Amounts payable after more than one year | 17 | €497,036 | €519,396 | +€22,360 | +4.5% |
| Financial debts | 170/4 | €34,911 | €8,976 | -€25,934 | -74.3% |
| Other amounts payable | 178/9 | €462,125 | €510,419 | +€48,294 | +10.5% |
| Amounts payable within one year | 42/48 | €105,786 | €107,932 | +€2,146 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €24,506 | €25,934 | +€1,428 | +5.8% |
| Trade debts | 44 | €49,535 | €43,917 | -€5,618 | -11.3% |
| Suppliers | 440/4 | €49,535 | €43,917 | -€5,618 | -11.3% |
| Taxes, remuneration and social security | 45 | €31,745 | €38,081 | +€6,336 | +20.0% |
| Taxes | 450/3 | €23,907 | €33,174 | +€9,267 | +38.8% |
| Remuneration and social security | 454/9 | €7,838 | €4,907 | -€2,931 | -37.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €62,470 | €33,682 | -€28,788 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,827 | €36,368 | -€1,458 | -3.9% |
| Other operating charges | 640/8 | €15,151 | €6,911 | -€8,240 | -54.4% |
| Gross operating margin | 9900 | €113,669 | €136,669 | +€23,000 | +20.2% |
| Operating profit (loss) | 9901 | -€1,778 | €59,707 | +€61,485 | |
| Financial income | 75/76B | €4 | €700 | +€696 | +18,611% |
| Recurring financial income | 75 | €4 | €700 | +€696 | +18,611% |
| Financial charges | 65/66B | €43,502 | €30,570 | -€12,933 | -29.7% |
| Recurring financial charges | 65 | €43,502 | €30,570 | -€12,933 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,277 | €29,837 | +€75,114 | |
| Transfer from deferred taxes | 780 | €6,358 | €6,085 | -€273 | -4.3% |
| Income taxes | 67/77 | €326 | €11,257 | +€10,931 | +3,354% |
| Profit (loss) for the period | 9904 | -€39,245 | €24,664 | +€63,909 | |
| Transfer from tax-exempt reserves | 789 | €25,432 | €24,339 | -€1,093 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,812 | €49,004 | +€62,816 |
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 26 October 2026 via checked.be.