Kaan: what changed
Two fiscal 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
- Cash +€162,785
up €162,785 (+927.3%), from €17,555 to €180,340
mainly Other debts (+€237,620) and Current portion of long-term debt (+€181,430)
- Receivables after one year +€137,657
up €137,657 (+34.7%), from €396,467 to €534,125
- Receivables within one year -€68,281
down €68,281 (-4.8%), from €1.4m to €1.4m
of which Trade receivables: -€396,281
- Tangible fixed assets -€29,381
down €29,381 (-31.5%), from €93,278 to €63,896
- Other debts +€237,620
up €237,620 (+1091.0%), from €21,780 to €259,400
- Trade debts -€202,985
down €202,985 (-34.0%), from €596,402 to €393,418
- Current portion of long-term debt +€181,430
up €181,430 (+37.9%), from €478,599 to €660,029
- Tax, wage and social debts -€32,915
down €32,915 (-22.1%), from €148,701 to €115,787
- Reserves +€28,415
up €28,415 (+4.2%), from €683,772 to €712,187
- Gross operating margin -€199,461
down €199,461 (-62.7%), from €318,172 to €118,710
- Taxes -€52,892
down €52,892 (-67.0%), from €78,991 to €26,099
- Other operating charges +€7,867
up €7,867 (+90.1%), from €8,735 to €16,602
- Financial charges -€6,881
down €6,881 (-22.2%), from €31,021 to €24,140
of which Financial charges: -€7,129
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,951,916 | €2,151,829 | +€199,913 | +10.2% |
| Fixed assets | 21/28 | €97,678 | €69,256 | -€28,421 | -29.1% |
| Tangible fixed assets | 22/27 | €93,278 | €63,896 | -€29,381 | -31.5% |
| Plant, machinery and equipment | 23 | €5,485 | €2,696 | -€2,790 | -50.9% |
| Furniture and vehicles | 24 | €31,092 | €17,243 | -€13,849 | -44.5% |
| Leasing and similar rights | 25 | €56,700 | €43,957 | -€12,743 | -22.5% |
| Financial fixed assets | 28 | €4,400 | €5,360 | +€960 | +21.8% |
| Current assets | 29/58 | €1,854,238 | €2,082,573 | +€228,335 | +12.3% |
| Amounts receivable after more than one year | 29 | €396,467 | €534,125 | +€137,657 | +34.7% |
| Other amounts receivable | 291 | €396,467 | €534,125 | +€137,657 | +34.7% |
| Stocks and contracts in progress | 3 | €3,685 | €3,685 | = | 0.0% |
| Stocks | 30/36 | €3,685 | €3,685 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,427,630 | €1,359,350 | -€68,281 | -4.8% |
| Trade receivables | 40 | €1,333,019 | €936,738 | -€396,281 | -29.7% |
| Other amounts receivable | 41 | €94,611 | €422,612 | +€328,000 | +346.7% |
| Cash at bank and in hand | 54/58 | €17,555 | €180,340 | +€162,785 | +927.3% |
| Deferred charges and accrued income | 490/1 | €8,901 | €5,074 | -€3,827 | -43.0% |
| Total equity and liabilities | 10/49 | €1,951,916 | €2,151,829 | +€199,913 | +10.2% |
| Equity | 10/15 | €683,772 | €712,187 | +€28,415 | +4.2% |
| Reserves | 13 | €683,772 | €712,187 | +€28,415 | +4.2% |
| Distributable reserves | 133 | €683,772 | €712,187 | +€28,415 | +4.2% |
| Amounts payable | 17/49 | €1,268,144 | €1,439,643 | +€171,499 | +13.5% |
| Amounts payable after more than one year | 17 | €18,128 | €11,009 | -€7,119 | -39.3% |
| Financial debts | 170/4 | €18,128 | €11,009 | -€7,119 | -39.3% |
| Amounts payable within one year | 42/48 | €1,245,482 | €1,428,634 | +€183,152 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €478,599 | €660,029 | +€181,430 | +37.9% |
| Trade debts | 44 | €596,402 | €393,418 | -€202,985 | -34.0% |
| Suppliers | 440/4 | €596,402 | €393,418 | -€202,985 | -34.0% |
| Taxes, remuneration and social security | 45 | €148,701 | €115,787 | -€32,915 | -22.1% |
| Taxes | 450/3 | €148,701 | €115,787 | -€32,915 | -22.1% |
| Other amounts payable | 47/48 | €21,780 | €259,400 | +€237,620 | +1091.0% |
| Accrued charges and deferred income | 492/3 | €4,534 | - | -€4,534 | |
| Non-recurring operating income | 76A | €559 | - | -€559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,893 | €31,583 | +€690 | +2.2% |
| Other operating charges | 640/8 | €8,735 | €16,602 | +€7,867 | +90.1% |
| Non-recurring operating charges | 66A | €7,037 | - | -€7,037 | |
| Gross operating margin | 9900 | €318,172 | €118,710 | -€199,461 | -62.7% |
| Operating profit (loss) | 9901 | €271,506 | €70,525 | -€200,981 | -74.0% |
| Financial income | 75/76B | €7,098 | €8,129 | +€1,031 | +14.5% |
| Recurring financial income | 75 | €7,098 | €8,129 | +€1,031 | +14.5% |
| Financial charges | 65/66B | €31,021 | €24,140 | -€6,881 | -22.2% |
| Recurring financial charges | 65 | €31,021 | €23,892 | -€7,129 | -23.0% |
| Non-recurring financial charges | 66B | - | €248 | +€248 | |
| Profit (loss) for the period before taxes | 9903 | €247,583 | €54,514 | -€193,069 | -78.0% |
| Income taxes | 67/77 | €78,991 | €26,099 | -€52,892 | -67.0% |
| Profit (loss) for the period | 9904 | €168,592 | €28,415 | -€140,177 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,592 | €28,415 | -€140,177 | -83.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.