k'ANN: 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'ANN
Largest movements
- Receivables within one year -€47,924
down €47,924 (-46.4%), from €103,211 to €55,287
of which Other amounts receivable: -€43,615
- Cash +€26,677
up €26,677 (+179%), from €14,940 to €41,618
mainly Other debts (+€335,900) and Net result for the year (+€53,618)
- Other debts +€335,900
up €335,900 (+10,038%), from €3,346 to €339,246
- Profit (loss) carried forward -€316,268
no longer reported in 2025 (was €316,268)
- Debts after one year -€39,869
down €39,869 (-54.2%), from €73,568 to €33,699
- Short-term financial debts -€6,421
no longer reported in 2025 (was €6,421)
- Gross operating margin -€2,687
down €2,687 (-3.6%), from €74,161 to €71,474
- Financial charges -€783
down €783 (-27.5%), from €2,851 to €2,068
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 | €447,786 | €426,539 | -€21,247 | -4.7% |
| Fixed assets | 21/28 | €329,634 | €329,634 | = | 0.0% |
| Financial fixed assets | 28 | €329,634 | €329,634 | = | 0.0% |
| Current assets | 29/58 | €118,152 | €96,905 | -€21,247 | -18.0% |
| Amounts receivable within one year | 40/41 | €103,211 | €55,287 | -€47,924 | -46.4% |
| Trade receivables | 40 | €4,309 | - | -€4,309 | |
| Other amounts receivable | 41 | €98,902 | €55,287 | -€43,615 | -44.1% |
| Cash at bank and in hand | 54/58 | €14,940 | €41,618 | +€26,677 | +179% |
| Total equity and liabilities | 10/49 | €447,786 | €426,539 | -€21,247 | -4.7% |
| Equity | 10/15 | €319,268 | €3,000 | -€316,268 | -99.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,268 | - | -€316,268 | |
| Amounts payable | 17/49 | €128,517 | €423,539 | +€295,021 | +230% |
| Amounts payable after more than one year | 17 | €73,568 | €33,699 | -€39,869 | -54.2% |
| Financial debts | 170/4 | €73,568 | €33,699 | -€39,869 | -54.2% |
| Amounts payable within one year | 42/48 | €54,950 | €389,840 | +€334,890 | +609% |
| Current portion of amounts payable after more than one year | 42 | €39,256 | €39,869 | +€613 | +1.6% |
| Financial debts | 43 | €6,421 | - | -€6,421 | |
| Other loans | 439 | €6,421 | - | -€6,421 | |
| Trade debts | 44 | - | €546 | +€546 | |
| Suppliers | 440/4 | - | €546 | +€546 | |
| Taxes, remuneration and social security | 45 | €5,926 | €10,179 | +€4,253 | +71.8% |
| Taxes | 450/3 | €5,926 | €10,179 | +€4,253 | +71.8% |
| Other amounts payable | 47/48 | €3,346 | €339,246 | +€335,900 | +10,038% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €257 | - | -€257 | |
| Other operating charges | 640/8 | €387 | €787 | +€400 | +103% |
| Gross operating margin | 9900 | €74,161 | €71,474 | -€2,687 | -3.6% |
| Operating profit (loss) | 9901 | €73,516 | €70,686 | -€2,830 | -3.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,851 | €2,068 | -€783 | -27.5% |
| Recurring financial charges | 65 | €2,851 | €2,068 | -€783 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €70,665 | €68,618 | -€2,047 | -2.9% |
| Income taxes | 67/77 | €14,732 | €15,000 | +€268 | +1.8% |
| Profit (loss) for the period | 9904 | €55,933 | €53,618 | -€2,315 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,933 | €53,618 | -€2,315 | -4.1% |
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 15 October 2026 via checked.be.