DULCE CANALIS: 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.
DULCE CANALIS
Largest movements
- Cash -€70,568
down €70,568 (-6.9%), from €1.0m to €956,427
mainly Stocks and contracts (-€60,144) and Trade debts (-€31,055)
- Stocks and contracts +€60,144
up €60,144 (+2.0%), from €3.0m to €3.0m
- Debts after one year +€69,938
up €69,938 (+2.4%), from €2.9m to €3.0m
of which Financial debts: +€69,938
- Other operating charges -€43,189
down €43,189 (-99.0%), from €43,634 to €445
- Financial charges +€1,808
up €1,808 (+2.6%), from €68,295 to €70,103
- Gross operating margin +€1,068
up €1,068 (+2.3%), from €46,230 to €47,298
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 | €4,030,675 | €4,046,309 | +€15,634 | +0.4% |
| Current assets | 29/58 | €4,030,675 | €4,046,309 | +€15,634 | +0.4% |
| Stocks and contracts in progress | 3 | €2,987,415 | €3,047,559 | +€60,144 | +2.0% |
| Stocks | 30/36 | €2,987,415 | €3,047,559 | +€60,144 | +2.0% |
| Amounts receivable within one year | 40/41 | €16,265 | €16,768 | +€503 | +3.1% |
| Other amounts receivable | 41 | €16,265 | €16,768 | +€503 | +3.1% |
| Cash at bank and in hand | 54/58 | €1,026,995 | €956,427 | -€70,568 | -6.9% |
| Deferred charges and accrued income | 490/1 | - | €25,555 | +€25,555 | |
| Total equity and liabilities | 10/49 | €4,030,675 | €4,046,309 | +€15,634 | +0.4% |
| Equity | 10/15 | €97,065 | €73,815 | -€23,249 | -24.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,065 | €23,815 | -€23,249 | -49.4% |
| Amounts payable | 17/49 | €3,933,610 | €3,972,493 | +€38,883 | +1.0% |
| Amounts payable after more than one year | 17 | €2,931,261 | €3,001,199 | +€69,938 | +2.4% |
| Financial debts | 170/4 | €2,331,261 | €2,401,199 | +€69,938 | +3.0% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,002,349 | €971,294 | -€31,055 | -3.1% |
| Trade debts | 44 | €1,002,349 | €971,294 | -€31,055 | -3.1% |
| Suppliers | 440/4 | €1,002,349 | €971,294 | -€31,055 | -3.1% |
| Other operating charges | 640/8 | €43,634 | €445 | -€43,189 | -99.0% |
| Gross operating margin | 9900 | €46,230 | €47,298 | +€1,068 | +2.3% |
| Operating profit (loss) | 9901 | €2,596 | €46,853 | +€44,257 | +1,705% |
| Financial charges | 65/66B | €68,295 | €70,103 | +€1,808 | +2.6% |
| Recurring financial charges | 65 | €68,295 | €70,103 | +€1,808 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€65,699 | -€23,249 | +€42,450 | +64.6% |
| Profit (loss) for the period | 9904 | -€65,699 | -€23,249 | +€42,450 | +64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,699 | -€23,249 | +€42,450 | +64.6% |
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 16 October 2026 via checked.be.