NEW CANTON: 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.
NEW CANTON
Largest movements
- Current investments +€142,890
new in 2025: €142,890
- Cash -€55,566
down €55,566 (-49.7%), from €111,845 to €56,280
mainly Current investments (-€142,890) and Debts after one year (-€6,435)
- Tangible fixed assets -€14,928
down €14,928 (-22.5%), from €66,331 to €51,403
of which Furniture and vehicles: -€11,160
- Reserves +€76,613
up €76,613 (+40.3%), from €190,281 to €266,894
- Debts after one year -€6,435
no longer reported in 2025 (was €6,435)
- Tax, wage and social debts +€6,298
up €6,298 (+20.1%), from €31,367 to €37,665
of which Taxes: +€5,712
- Current portion of long-term debt -€6,274
down €6,274 (-49.4%), from €12,709 to €6,435
- Gross operating margin +€2,960
up €2,960 (+1.3%), from €228,738 to €231,698
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 | €281,490 | €355,621 | +€74,131 | +26.3% |
| Fixed assets | 21/28 | €91,869 | €73,441 | -€18,428 | -20.1% |
| Intangible fixed assets | 21 | €24,788 | €21,288 | -€3,500 | -14.1% |
| Tangible fixed assets | 22/27 | €66,331 | €51,403 | -€14,928 | -22.5% |
| Plant, machinery and equipment | 23 | €14,780 | €13,020 | -€1,760 | -11.9% |
| Furniture and vehicles | 24 | €28,769 | €17,610 | -€11,160 | -38.8% |
| Other tangible fixed assets | 26 | €22,782 | €20,773 | -€2,009 | -8.8% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €189,621 | €282,180 | +€92,559 | +48.8% |
| Stocks and contracts in progress | 3 | €6,389 | €8,059 | +€1,670 | +26.1% |
| Stocks | 30/36 | €6,389 | €8,059 | +€1,670 | +26.1% |
| Amounts receivable within one year | 40/41 | €68,102 | €70,537 | +€2,436 | +3.6% |
| Trade receivables | 40 | €3,411 | €6,833 | +€3,422 | +100% |
| Other amounts receivable | 41 | €64,691 | €63,704 | -€987 | -1.5% |
| Current investments | 50/53 | - | €142,890 | +€142,890 | |
| Cash at bank and in hand | 54/58 | €111,845 | €56,280 | -€55,566 | -49.7% |
| Deferred charges and accrued income | 490/1 | €3,285 | €4,414 | +€1,129 | +34.4% |
| Total equity and liabilities | 10/49 | €281,490 | €355,621 | +€74,131 | +26.3% |
| Equity | 10/15 | €230,281 | €306,894 | +€76,613 | +33.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €190,281 | €266,894 | +€76,613 | +40.3% |
| Distributable reserves | 133 | €190,281 | €266,894 | +€76,613 | +40.3% |
| Amounts payable | 17/49 | €51,209 | €48,727 | -€2,482 | -4.8% |
| Amounts payable after more than one year | 17 | €6,435 | - | -€6,435 | |
| Financial debts | 170/4 | €6,435 | - | -€6,435 | |
| Amounts payable within one year | 42/48 | €44,774 | €48,727 | +€3,953 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €12,709 | €6,435 | -€6,274 | -49.4% |
| Trade debts | 44 | - | €2,625 | +€2,625 | |
| Suppliers | 440/4 | - | €2,625 | +€2,625 | |
| Taxes, remuneration and social security | 45 | €31,367 | €37,665 | +€6,298 | +20.1% |
| Taxes | 450/3 | €18,035 | €23,747 | +€5,712 | +31.7% |
| Remuneration and social security | 454/9 | €13,332 | €13,919 | +€587 | +4.4% |
| Other amounts payable | 47/48 | €698 | €2,001 | +€1,303 | +187% |
| Remuneration, social security and pensions | 62 | €106,945 | €105,161 | -€1,784 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,087 | €21,725 | +€1,638 | +8.2% |
| Other operating charges | 640/8 | €1,362 | €1,435 | +€72 | +5.3% |
| Gross operating margin | 9900 | €228,738 | €231,698 | +€2,960 | +1.3% |
| Operating profit (loss) | 9901 | €100,343 | €103,377 | +€3,033 | +3.0% |
| Financial income | 75/76B | €2,405 | €3,082 | +€677 | +28.1% |
| Recurring financial income | 75 | €2,405 | €3,082 | +€677 | +28.1% |
| Financial charges | 65/66B | €519 | €364 | -€155 | -29.8% |
| Recurring financial charges | 65 | €519 | €364 | -€155 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €102,229 | €106,094 | +€3,865 | +3.8% |
| Income taxes | 67/77 | €27,989 | €29,481 | +€1,492 | +5.3% |
| Profit (loss) for the period | 9904 | €74,240 | €76,613 | +€2,372 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,240 | €76,613 | +€2,372 | +3.2% |
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 20 October 2026 via checked.be.