K.A.N.: 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.
K.A.N.
Largest movements
- Receivables after one year +€400,000
new in 2025: €400,000
- Trade debts +€274,662
up €274,662 (+71.9%), from €382,022 to €656,684
- Other debts +€136,786
up €136,786 (+1,125%), from €12,164 to €148,950
- Reserves -€56,143
down €56,143 (-26.1%), from €214,998 to €158,855
of which Distributable reserves: -€56,143
- Accrued charges and deferred income +€50,000
new in 2025: €50,000
- Financial charges -€11,208
down €11,208 (-89.5%), from €12,528 to €1,320
- Depreciation +€4,226
up €4,226 (+1,121%), from €377 to €4,603
- Gross operating margin +€4,062
up €4,062 (+4.7%), from €86,925 to €90,987
- Taxes +€2,159
up €2,159 (+8.5%), from €25,355 to €27,515
- Other operating charges +€1,685
up €1,685 (+1,021%), from €165 to €1,850
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 | €705,034 | €1,114,306 | +€409,272 | +58.1% |
| Fixed assets | 21/28 | €456 | €80 | -€377 | -82.6% |
| Tangible fixed assets | 22/27 | €456 | €80 | -€377 | -82.6% |
| Furniture and vehicles | 24 | €456 | €80 | -€377 | -82.6% |
| Current assets | 29/58 | €704,577 | €1,114,226 | +€409,649 | +58.1% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Stocks and contracts in progress | 3 | - | €3,456 | +€3,456 | |
| Stocks | 30/36 | - | €3,456 | +€3,456 | |
| Amounts receivable within one year | 40/41 | €703,379 | €702,693 | -€687 | -0.1% |
| Trade receivables | 40 | €28,468 | €228,453 | +€199,985 | +702% |
| Other amounts receivable | 41 | €674,911 | €474,239 | -€200,672 | -29.7% |
| Cash at bank and in hand | 54/58 | €1,198 | €8,077 | +€6,879 | +574% |
| Total equity and liabilities | 10/49 | €705,034 | €1,114,306 | +€409,272 | +58.1% |
| Equity | 10/15 | €246,473 | €190,331 | -€56,143 | -22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €214,998 | €158,855 | -€56,143 | -26.1% |
| 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 | €213,138 | €156,995 | -€56,143 | -26.3% |
| Profit (loss) carried forward | 14 | €25,276 | €25,276 | = | 0.0% |
| Amounts payable | 17/49 | €458,560 | €923,975 | +€465,415 | +101% |
| Amounts payable within one year | 42/48 | €458,560 | €873,975 | +€415,415 | +90.6% |
| Trade debts | 44 | €382,022 | €656,684 | +€274,662 | +71.9% |
| Suppliers | 440/4 | €382,022 | €656,684 | +€274,662 | +71.9% |
| Taxes, remuneration and social security | 45 | €64,375 | €68,341 | +€3,966 | +6.2% |
| Taxes | 450/3 | €64,375 | €68,341 | +€3,966 | +6.2% |
| Other amounts payable | 47/48 | €12,164 | €148,950 | +€136,786 | +1,125% |
| Accrued charges and deferred income | 492/3 | - | €50,000 | +€50,000 | |
| Remuneration, social security and pensions | 62 | €480 | €724 | +€243 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €4,603 | +€4,226 | +1,121% |
| Other operating charges | 640/8 | €165 | €1,850 | +€1,685 | +1,021% |
| Gross operating margin | 9900 | €86,925 | €90,987 | +€4,062 | +4.7% |
| Operating profit (loss) | 9901 | €85,903 | €83,810 | -€2,093 | -2.4% |
| Financial income | 75/76B | €428 | €7 | -€421 | -98.3% |
| Recurring financial income | 75 | €428 | €7 | -€421 | -98.3% |
| Financial charges | 65/66B | €12,528 | €1,320 | -€11,208 | -89.5% |
| Recurring financial charges | 65 | €12,528 | €1,320 | -€11,208 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €73,803 | €82,497 | +€8,694 | +11.8% |
| Income taxes | 67/77 | €25,355 | €27,515 | +€2,159 | +8.5% |
| Profit (loss) for the period | 9904 | €48,448 | €54,982 | +€6,535 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,448 | €54,982 | +€6,535 | +13.5% |
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 23 October 2026 via checked.be.