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 +€77,600
up €77,600 (+106%), from €73,422 to €151,022
of which Other amounts receivable: +€54,099
- Cash +€5,171
up €5,171 (+16.3%), from €31,696 to €36,866
mainly Net result for the year (+€74,772) and Trade debts (+€39,939)
- Tangible fixed assets +€4,101
up €4,101 (+5.1%), from €80,263 to €84,364
of which Furniture and vehicles: +€7,201
- Profit (loss) carried forward +€74,772
up €74,772 (+77.0%), from €97,133 to €171,906
- Trade debts +€39,939
up €39,939 (+479%), from €8,333 to €48,272
- Debts after one year -€17,944
down €17,944 (-45.6%), from €39,324 to €21,380
- Short-term financial debts -€14,999
no longer reported in 2024 (was €14,999)
- Tax, wage and social debts +€10,354
new in 2024: €10,354
- Purchases and services +€157,752
up €157,752 (+182%), from €86,474 to €244,226
- Gross operating margin +€84,681
up €84,681 (+115%), from €73,445 to €158,126
- Staff costs +€32,539
up €32,539 (+256%), from €12,731 to €45,270
- Taxes +€5,237
up €5,237 (+63.7%), from €8,227 to €13,464
- Depreciation +€3,623
up €3,623 (+26.8%), from €13,494 to €17,117
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.
Derived cash bridge
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 | €185,735 | €272,897 | +€87,162 | +46.9% |
| Fixed assets | 21/28 | €80,263 | €84,364 | +€4,101 | +5.1% |
| Tangible fixed assets | 22/27 | €80,263 | €84,364 | +€4,101 | +5.1% |
| Plant, machinery and equipment | 23 | €26,397 | €23,297 | -€3,100 | -11.7% |
| Furniture and vehicles | 24 | €53,867 | €61,067 | +€7,201 | +13.4% |
| Current assets | 29/58 | €105,472 | €188,533 | +€83,061 | +78.8% |
| Amounts receivable within one year | 40/41 | €73,422 | €151,022 | +€77,600 | +106% |
| Trade receivables | 40 | €7,038 | €30,538 | +€23,501 | +334% |
| Other amounts receivable | 41 | €66,385 | €120,484 | +€54,099 | +81.5% |
| Cash at bank and in hand | 54/58 | €31,696 | €36,866 | +€5,171 | +16.3% |
| Deferred charges and accrued income | 490/1 | €354 | €645 | +€291 | +82.2% |
| Total equity and liabilities | 10/49 | €185,735 | €272,897 | +€87,162 | +46.9% |
| Equity | 10/15 | €97,134 | €171,907 | +€74,772 | +77.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,133 | €171,906 | +€74,772 | +77.0% |
| Amounts payable | 17/49 | €88,601 | €100,990 | +€12,390 | +14.0% |
| Amounts payable after more than one year | 17 | €39,324 | €21,380 | -€17,944 | -45.6% |
| Financial debts | 170/4 | €39,324 | €21,380 | -€17,944 | -45.6% |
| Amounts payable within one year | 42/48 | €49,277 | €79,610 | +€30,333 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €25,945 | €20,985 | -€4,960 | -19.1% |
| Financial debts | 43 | €14,999 | - | -€14,999 | |
| Credit institutions | 430/8 | €14,999 | - | -€14,999 | |
| Trade debts | 44 | €8,333 | €48,272 | +€39,939 | +479% |
| Suppliers | 440/4 | €8,333 | €48,272 | +€39,939 | +479% |
| Taxes, remuneration and social security | 45 | - | €10,354 | +€10,354 | |
| Remuneration and social security | 454/9 | - | €10,354 | +€10,354 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,474 | €244,226 | +€157,752 | +182% |
| Remuneration, social security and pensions | 62 | €12,731 | €45,270 | +€32,539 | +256% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,494 | €17,117 | +€3,623 | +26.8% |
| Other operating charges | 640/8 | €1,538 | €2,165 | +€627 | +40.8% |
| Gross operating margin | 9900 | €73,445 | €158,126 | +€84,681 | +115% |
| Operating profit (loss) | 9901 | €45,681 | €93,573 | +€47,892 | +105% |
| Financial income | 75/76B | €4 | €0 | -€4 | -98.6% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -98.6% |
| Financial charges | 65/66B | €8,070 | €5,337 | -€2,733 | -33.9% |
| Recurring financial charges | 65 | €7,698 | €5,337 | -€2,361 | -30.7% |
| Non-recurring financial charges | 66B | €372 | - | -€372 | |
| Profit (loss) for the period before taxes | 9903 | €37,615 | €88,236 | +€50,621 | +135% |
| Income taxes | 67/77 | €8,227 | €13,464 | +€5,237 | +63.7% |
| Profit (loss) for the period | 9904 | €29,388 | €74,772 | +€45,384 | +154% |
| Profit (loss) for the period to be appropriated | 9905 | €29,388 | €74,772 | +€45,384 | +154% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.