LE CANADA: 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.
LE CANADA
Largest movements
- Receivables after one year -€94,173
down €94,173 (-17.3%), from €544,183 to €450,010
- Receivables within one year +€78,919
up €78,919 (+256.5%), from €30,769 to €109,688
of which Other amounts receivable: +€73,197
- Cash +€34,093
up €34,093 (+57.0%), from €59,846 to €93,940
mainly Net result for the year (+€113,684) and Receivables after one year (+€94,173)
- Reserves +€33,833
up €33,833 (+4.2%), from €810,061 to €843,894
of which Distributable reserves: +€33,833
- Debts after one year -€20,455
down €20,455 (-23.8%), from €85,865 to €65,410
- Trade debts +€12,063
up €12,063 (+363.8%), from €3,316 to €15,379
- Gross operating margin +€44,071
up €44,071 (+37.8%), from €116,701 to €160,771
- Financial income -€30,433
down €30,433 (-55.2%), from €55,172 to €24,739
of which Non-recurring financial income: -€30,103
- Taxes +€8,655
up €8,655 (+21.4%), from €40,521 to €49,176
- Financial charges +€2,481
up €2,481 (+79.8%), from €3,109 to €5,589
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 | €944,006 | €963,279 | +€19,273 | +2.0% |
| Fixed assets | 21/28 | €232,567 | €236,780 | +€4,213 | +1.8% |
| Tangible fixed assets | 22/27 | €16,887 | €21,100 | +€4,213 | +25.0% |
| Plant, machinery and equipment | 23 | €5,798 | €3,217 | -€2,581 | -44.5% |
| Furniture and vehicles | 24 | €10,644 | €7,710 | -€2,934 | -27.6% |
| Other tangible fixed assets | 26 | €445 | €10,173 | +€9,728 | +2187.7% |
| Financial fixed assets | 28 | €215,680 | €215,680 | = | 0.0% |
| Current assets | 29/58 | €711,439 | €726,499 | +€15,060 | +2.1% |
| Amounts receivable after more than one year | 29 | €544,183 | €450,010 | -€94,173 | -17.3% |
| Other amounts receivable | 291 | €544,183 | €450,010 | -€94,173 | -17.3% |
| Amounts receivable within one year | 40/41 | €30,769 | €109,688 | +€78,919 | +256.5% |
| Trade receivables | 40 | €30,741 | €36,463 | +€5,722 | +18.6% |
| Other amounts receivable | 41 | €28 | €73,225 | +€73,197 | +263203.1% |
| Current investments | 50/53 | €2,838 | €2,856 | +€18 | +0.6% |
| Cash at bank and in hand | 54/58 | €59,846 | €93,940 | +€34,093 | +57.0% |
| Deferred charges and accrued income | 490/1 | €73,802 | €70,005 | -€3,797 | -5.1% |
| Total equity and liabilities | 10/49 | €944,006 | €963,279 | +€19,273 | +2.0% |
| Equity | 10/15 | €811,061 | €844,894 | +€33,833 | +4.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €810,061 | €843,894 | +€33,833 | +4.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,209 | €1,209 | = | 0.0% |
| Distributable reserves | 133 | €808,851 | €842,684 | +€33,833 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €132,945 | €118,385 | -€14,560 | -11.0% |
| Amounts payable after more than one year | 17 | €85,865 | €65,410 | -€20,455 | -23.8% |
| Financial debts | 170/4 | €85,865 | €65,410 | -€20,455 | -23.8% |
| Amounts payable within one year | 42/48 | €47,080 | €51,291 | +€4,211 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €19,815 | €20,455 | +€639 | +3.2% |
| Trade debts | 44 | €3,316 | €15,379 | +€12,063 | +363.8% |
| Suppliers | 440/4 | €3,316 | €15,379 | +€12,063 | +363.8% |
| Taxes, remuneration and social security | 45 | €15,428 | €15,458 | +€29 | +0.2% |
| Taxes | 450/3 | €15,428 | €15,458 | +€29 | +0.2% |
| Other amounts payable | 47/48 | €8,521 | €0 | -€8,521 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,684 | +€1,684 | |
| Non-recurring operating income | 76A | €6,207 | €0 | -€6,207 | -100.0% |
| Remuneration, social security and pensions | 62 | €403 | €662 | +€260 | +64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,534 | €5,787 | +€253 | +4.6% |
| Other operating charges | 640/8 | €1,982 | €1,629 | -€353 | -17.8% |
| Non-recurring operating charges | 66A | - | €8,983 | +€8,983 | |
| Gross operating margin | 9900 | €116,701 | €160,771 | +€44,071 | +37.8% |
| Operating profit (loss) | 9901 | €108,782 | €143,711 | +€34,928 | +32.1% |
| Financial income | 75/76B | €55,172 | €24,739 | -€30,433 | -55.2% |
| Recurring financial income | 75 | €25,069 | €24,739 | -€330 | -1.3% |
| Non-recurring financial income | 76B | €30,103 | €0 | -€30,103 | -100.0% |
| Financial charges | 65/66B | €3,109 | €5,589 | +€2,481 | +79.8% |
| Recurring financial charges | 65 | €3,109 | €5,589 | +€2,481 | +79.8% |
| Profit (loss) for the period before taxes | 9903 | €160,846 | €162,860 | +€2,014 | +1.3% |
| Income taxes | 67/77 | €40,521 | €49,176 | +€8,655 | +21.4% |
| Profit (loss) for the period | 9904 | €120,325 | €113,684 | -€6,641 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €120,325 | €113,684 | -€6,641 | -5.5% |
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 6 October 2026 via checked.be.