KAAN: 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.
KAAN
Largest movements
- Receivables within one year +€24,766
up €24,766 (+13.2%), from €188,012 to €212,778
of which Other amounts receivable: +€24,766
- Tangible fixed assets -€8,895
down €8,895 (-19.4%), from €45,940 to €37,044
- Cash -€7,541
down €7,541 (-47.7%), from €15,821 to €8,281
mainly Receivables within one year (-€24,766) and Tax, wage and social debts (-€13,333)
- Trade debts +€28,294
up €28,294 (+23383.5%), from €121 to €28,415
- Tax, wage and social debts -€13,333
down €13,333 (-60.9%), from €21,887 to €8,554
- Profit (loss) carried forward -€7,564
down €7,564 (-4.4%), from €173,541 to €165,977
- Gross operating margin -€15,482
down €15,482 (-42.0%), from €36,883 to €21,400
- Taxes +€3,849
up €3,849 (+20.2%), from €19,030 to €22,879
- Financial income +€1,156
up €1,156 (+23.2%), from €4,993 to €6,149
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 | €281,963 | €289,361 | +€7,398 | +2.6% |
| Fixed assets | 21/28 | €77,197 | €68,302 | -€8,895 | -11.5% |
| Tangible fixed assets | 22/27 | €45,940 | €37,044 | -€8,895 | -19.4% |
| Land and buildings | 22 | €45,940 | €37,044 | -€8,895 | -19.4% |
| Financial fixed assets | 28 | €31,258 | €31,258 | = | 0.0% |
| Current assets | 29/58 | €204,766 | €221,059 | +€16,293 | +8.0% |
| Amounts receivable within one year | 40/41 | €188,012 | €212,778 | +€24,766 | +13.2% |
| Trade receivables | 40 | €12,143 | €12,143 | = | 0.0% |
| Other amounts receivable | 41 | €175,869 | €200,635 | +€24,766 | +14.1% |
| Cash at bank and in hand | 54/58 | €15,821 | €8,281 | -€7,541 | -47.7% |
| Deferred charges and accrued income | 490/1 | €933 | - | -€933 | |
| Total equity and liabilities | 10/49 | €281,963 | €289,361 | +€7,398 | +2.6% |
| Equity | 10/15 | €241,741 | €234,177 | -€7,564 | -3.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,541 | €165,977 | -€7,564 | -4.4% |
| Amounts payable | 17/49 | €40,223 | €55,184 | +€14,962 | +37.2% |
| Amounts payable within one year | 42/48 | €40,223 | €55,184 | +€14,962 | +37.2% |
| Trade debts | 44 | €121 | €28,415 | +€28,294 | +23383.5% |
| Suppliers | 440/4 | €121 | €28,415 | +€28,294 | +23383.5% |
| Taxes, remuneration and social security | 45 | €21,887 | €8,554 | -€13,333 | -60.9% |
| Taxes | 450/3 | €21,887 | €8,554 | -€13,333 | -60.9% |
| Other amounts payable | 47/48 | €18,215 | €18,215 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,895 | €8,895 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,201 | €3,294 | +€93 | +2.9% |
| Gross operating margin | 9900 | €36,883 | €21,400 | -€15,482 | -42.0% |
| Operating profit (loss) | 9901 | €24,787 | €9,211 | -€15,576 | -62.8% |
| Financial income | 75/76B | €4,993 | €6,149 | +€1,156 | +23.2% |
| Recurring financial income | 75 | €4,993 | €6,149 | +€1,156 | +23.2% |
| Financial charges | 65/66B | €340 | €45 | -€295 | -86.8% |
| Recurring financial charges | 65 | €340 | €45 | -€295 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | €29,439 | €15,315 | -€14,124 | -48.0% |
| Income taxes | 67/77 | €19,030 | €22,879 | +€3,849 | +20.2% |
| Profit (loss) for the period | 9904 | €10,409 | -€7,564 | -€17,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,409 | -€7,564 | -€17,973 |
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 12 October 2026 via checked.be.