La Canopée: 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.
La Canopée
Largest movements
- Cash +€41,526
new in 2025: €41,526
mainly Debts after one year (+€26,734) and Depreciation (+€24,480)
- Receivables within one year -€24,279
down €24,279 (-44.4%), from €54,677 to €30,397
of which Trade receivables: -€25,275
- Tangible fixed assets -€19,527
down €19,527 (-3.5%), from €559,876 to €540,349
of which Land and buildings: -€20,515
- Short-term financial debts -€58,438
down €58,438 (-100%), from €58,438 to €0
- Debts after one year +€26,734
up €26,734 (+6.1%), from €435,481 to €462,215
- Profit (loss) carried forward +€10,607
up €10,607 (+17.2%), from -€61,681 to -€51,074
- Other debts +€7,664
up €7,664 (+7.1%), from €107,534 to €115,198
- Depreciation -€6,400
down €6,400 (-20.7%), from €30,881 to €24,480
- Write-downs -€4,974
down €4,974 (-100%), from €4,974 to €0
- Gross operating margin -€4,091
down €4,091 (-7.5%), from €54,765 to €50,674
- Financial charges -€3,146
down €3,146 (-27.7%), from €11,342 to €8,195
- Other operating charges +€1,194
up €1,194 (+19.3%), from €6,198 to €7,392
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 | €615,592 | €613,311 | -€2,281 | -0.4% |
| Fixed assets | 21/28 | €560,876 | €541,349 | -€19,527 | -3.5% |
| Tangible fixed assets | 22/27 | €559,876 | €540,349 | -€19,527 | -3.5% |
| Land and buildings | 22 | €542,922 | €522,407 | -€20,515 | -3.8% |
| Plant, machinery and equipment | 23 | €16,954 | €17,942 | +€988 | +5.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €54,716 | €71,963 | +€17,247 | +31.5% |
| Amounts receivable within one year | 40/41 | €54,677 | €30,397 | -€24,279 | -44.4% |
| Trade receivables | 40 | €53,125 | €27,850 | -€25,275 | -47.6% |
| Other amounts receivable | 41 | €1,552 | €2,547 | +€995 | +64.1% |
| Cash at bank and in hand | 54/58 | - | €41,526 | +€41,526 | |
| Deferred charges and accrued income | 490/1 | €40 | €40 | +€0 | +0.5% |
| Total equity and liabilities | 10/49 | €615,592 | €613,311 | -€2,281 | -0.4% |
| Equity | 10/15 | -€41,681 | -€31,074 | +€10,607 | +25.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,681 | -€51,074 | +€10,607 | +17.2% |
| Amounts payable | 17/49 | €657,273 | €644,385 | -€12,888 | -2.0% |
| Amounts payable after more than one year | 17 | €435,481 | €462,215 | +€26,734 | +6.1% |
| Financial debts | 170/4 | €435,481 | €462,215 | +€26,734 | +6.1% |
| Amounts payable within one year | 42/48 | €221,792 | €182,171 | -€39,621 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €27,582 | €32,865 | +€5,283 | +19.2% |
| Financial debts | 43 | €58,438 | €0 | -€58,438 | -100% |
| Credit institutions | 430/8 | €58,438 | €0 | -€58,438 | -100% |
| Trade debts | 44 | €28,237 | €34,107 | +€5,870 | +20.8% |
| Suppliers | 440/4 | €28,237 | €34,107 | +€5,870 | +20.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €107,534 | €115,198 | +€7,664 | +7.1% |
| Remuneration, social security and pensions | 62 | -€605 | €0 | +€605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,881 | €24,480 | -€6,400 | -20.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,974 | €0 | -€4,974 | -100% |
| Other operating charges | 640/8 | €6,198 | €7,392 | +€1,194 | +19.3% |
| Gross operating margin | 9900 | €54,765 | €50,674 | -€4,091 | -7.5% |
| Operating profit (loss) | 9901 | €13,318 | €18,802 | +€5,484 | +41.2% |
| Financial charges | 65/66B | €11,342 | €8,195 | -€3,146 | -27.7% |
| Recurring financial charges | 65 | €11,342 | €8,195 | -€3,146 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €1,976 | €10,607 | +€8,631 | +437% |
| Profit (loss) for the period | 9904 | €1,976 | €10,607 | +€8,631 | +437% |
| Profit (loss) for the period to be appropriated | 9905 | €1,976 | €10,607 | +€8,631 | +437% |
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 18 October 2026 via checked.be.