DE KANNIBAAL: what changed
DE KANNIBAAL
Largest movements
- Tangible fixed assets -€15,160
down €15,160 (-19.0%), from €79,621 to €64,461
of which Land and buildings: -€11,695
- Cash +€11,529
up €11,529 (+48.5%), from €23,786 to €35,314
mainly Contributions, distributions and other (+€57,894) and Depreciation (+€15,160)
- Deferred charges and accrued income -€8,840
down €8,840 (-11.2%), from €79,244 to €70,404
- Stocks and contracts -€3,241
down €3,241 (-88.3%), from €3,671 to €430
- Reserves +€67,069
up €67,069 (+3,606%), from €1,860 to €68,929
of which Distributable reserves: +€67,069
- Other debts -€57,894
no longer reported in 2025 (was €57,894)
- Debts after one year -€14,713
down €14,713 (-11.9%), from €123,293 to €108,580
- Accrued charges and deferred income -€11,130
no longer reported in 2025 (was €11,130)
- Profit (loss) carried forward -€3,851
new in 2025: -€3,851
- Taxes +€5,924
up €5,924 (+666%), from €889 to €6,813
- Staff costs -€5,407
down €5,407 (-10.6%), from €51,171 to €45,765
- Financial income +€3,015
up €3,015 (+73,542%), from €4 to €3,019
- Gross operating margin -€2,578
down €2,578 (-3.2%), from €79,858 to €77,280
- Other operating charges -€1,721
down €1,721 (-56.2%), from €3,061 to €1,339
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,555 | €221,528 | -€18,028 | -7.5% |
| Fixed assets | 21/28 | €79,621 | €64,461 | -€15,160 | -19.0% |
| Tangible fixed assets | 22/27 | €79,621 | €64,461 | -€15,160 | -19.0% |
| Land and buildings | 22 | €73,018 | €61,322 | -€11,695 | -16.0% |
| Plant, machinery and equipment | 23 | €6,595 | €3,138 | -€3,456 | -52.4% |
| Furniture and vehicles | 24 | €9 | - | -€9 | |
| Current assets | 29/58 | €159,935 | €157,067 | -€2,868 | -1.8% |
| Stocks and contracts in progress | 3 | €3,671 | €430 | -€3,241 | -88.3% |
| Stocks | 30/36 | €3,671 | €430 | -€3,241 | -88.3% |
| Amounts receivable within one year | 40/41 | €53,233 | €50,918 | -€2,315 | -4.3% |
| Trade receivables | 40 | €7,587 | - | -€7,587 | |
| Other amounts receivable | 41 | €45,647 | €50,918 | +€5,271 | +11.5% |
| Cash at bank and in hand | 54/58 | €23,786 | €35,314 | +€11,529 | +48.5% |
| Deferred charges and accrued income | 490/1 | €79,244 | €70,404 | -€8,840 | -11.2% |
| Total equity and liabilities | 10/49 | €239,555 | €221,528 | -€18,028 | -7.5% |
| Equity | 10/15 | €20,460 | €83,678 | +€63,218 | +309% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €68,929 | +€67,069 | +3,606% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €67,069 | +€67,069 | |
| Profit (loss) carried forward | 14 | - | -€3,851 | -€3,851 | |
| Amounts payable | 17/49 | €219,095 | €137,850 | -€81,245 | -37.1% |
| Amounts payable after more than one year | 17 | €123,293 | €108,580 | -€14,713 | -11.9% |
| Financial debts | 170/4 | €123,293 | €108,580 | -€14,713 | -11.9% |
| Amounts payable within one year | 42/48 | €84,673 | €29,271 | -€55,402 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €14,231 | €15,001 | +€770 | +5.4% |
| Trade debts | 44 | €6,906 | €6,089 | -€817 | -11.8% |
| Suppliers | 440/4 | €6,906 | €6,089 | -€817 | -11.8% |
| Taxes, remuneration and social security | 45 | €5,642 | €8,181 | +€2,539 | +45.0% |
| Taxes | 450/3 | €1,402 | €4,778 | +€3,376 | +241% |
| Remuneration and social security | 454/9 | €4,240 | €3,404 | -€837 | -19.7% |
| Other amounts payable | 47/48 | €57,894 | - | -€57,894 | |
| Accrued charges and deferred income | 492/3 | €11,130 | - | -€11,130 | |
| Remuneration, social security and pensions | 62 | €51,171 | €45,765 | -€5,407 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,503 | €15,160 | -€343 | -2.2% |
| Other operating charges | 640/8 | €3,061 | €1,339 | -€1,721 | -56.2% |
| Gross operating margin | 9900 | €79,858 | €77,280 | -€2,578 | -3.2% |
| Operating profit (loss) | 9901 | €10,124 | €15,016 | +€4,892 | +48.3% |
| Financial income | 75/76B | €4 | €3,019 | +€3,015 | +73,542% |
| Recurring financial income | 75 | €4 | €3,019 | +€3,015 | +73,542% |
| Financial charges | 65/66B | €5,885 | €5,898 | +€13 | +0.2% |
| Recurring financial charges | 65 | €5,885 | €5,898 | +€13 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €4,242 | €12,137 | +€7,895 | +186% |
| Income taxes | 67/77 | €889 | €6,813 | +€5,924 | +666% |
| Profit (loss) for the period | 9904 | €3,353 | €5,324 | +€1,971 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,353 | €5,324 | +€1,971 | +58.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.