KAAN GROUP: 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 GROUP
Largest movements
- Receivables within one year +€238,088
up €238,088 (+82.9%), from €287,300 to €525,388
of which Trade receivables: +€129,253
- Financial fixed assets +€109,940
up €109,940 (+782%), from €14,060 to €124,000
- Deferred charges and accrued income -€61,629
no longer reported in 2025 (was €61,629)
- Tangible fixed assets -€22,318
down €22,318 (-3.2%), from €693,053 to €670,734
of which Land and buildings: -€19,125
- Profit (loss) carried forward -€226,031
down €226,031 (-54.3%), from €416,118 to €190,087
- Tax, wage and social debts +€215,106
up €215,106 (+792%), from €27,150 to €242,256
of which Taxes: +€130,608
- Trade debts +€184,337
up €184,337 (+440%), from €41,871 to €226,208
- Short-term financial debts +€77,780
up €77,780 (+154%), from €50,566 to €128,346
of which Other loans: +€89,120
- Debts after one year +€26,909
up €26,909 (+5.3%), from €503,808 to €530,717
- Turnover -€2.5m
no longer reported in 2025 (was €2.5m)
- Purchases and services -€1.9m
no longer reported in 2025 (was €1.9m)
- Gross operating margin +€885,337
up €885,337 (+125%), from €706,867 to €1.6m
- Staff costs +€777,898
up €777,898 (+160%), from €485,635 to €1.3m
- Taxes +€193,676
new in 2025: €193,676
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 | €1,062,867 | €1,338,639 | +€275,772 | +25.9% |
| Fixed assets | 21/28 | €707,113 | €794,734 | +€87,622 | +12.4% |
| Tangible fixed assets | 22/27 | €693,053 | €670,734 | -€22,318 | -3.2% |
| Land and buildings | 22 | €586,989 | €567,864 | -€19,125 | -3.3% |
| Plant, machinery and equipment | 23 | - | €3,619 | +€3,619 | |
| Furniture and vehicles | 24 | €106,064 | €99,251 | -€6,812 | -6.4% |
| Financial fixed assets | 28 | €14,060 | €124,000 | +€109,940 | +782% |
| Current assets | 29/58 | €355,754 | €543,905 | +€188,150 | +52.9% |
| Amounts receivable within one year | 40/41 | €287,300 | €525,388 | +€238,088 | +82.9% |
| Trade receivables | 40 | €162,272 | €291,526 | +€129,253 | +79.7% |
| Other amounts receivable | 41 | €125,028 | €233,863 | +€108,835 | +87.0% |
| Cash at bank and in hand | 54/58 | €6,826 | €18,516 | +€11,691 | +171% |
| Deferred charges and accrued income | 490/1 | €61,629 | - | -€61,629 | |
| Total equity and liabilities | 10/49 | €1,062,867 | €1,338,639 | +€275,772 | +25.9% |
| Equity | 10/15 | €436,118 | €210,087 | -€226,031 | -51.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €416,118 | €190,087 | -€226,031 | -54.3% |
| Amounts payable | 17/49 | €626,749 | €1,128,552 | +€501,802 | +80.1% |
| Amounts payable after more than one year | 17 | €503,808 | €530,717 | +€26,909 | +5.3% |
| Financial debts | 170/4 | €503,808 | €530,717 | +€26,909 | +5.3% |
| Amounts payable within one year | 42/48 | €122,941 | €596,810 | +€473,869 | +385% |
| Current portion of amounts payable after more than one year | 42 | €3,354 | - | -€3,354 | |
| Financial debts | 43 | €50,566 | €128,346 | +€77,780 | +154% |
| Credit institutions | 430/8 | €50,566 | €39,226 | -€11,340 | -22.4% |
| Other loans | 439 | - | €89,120 | +€89,120 | |
| Trade debts | 44 | €41,871 | €226,208 | +€184,337 | +440% |
| Suppliers | 440/4 | €41,871 | €226,208 | +€184,337 | +440% |
| Taxes, remuneration and social security | 45 | €27,150 | €242,256 | +€215,106 | +792% |
| Taxes | 450/3 | - | €130,608 | +€130,608 | |
| Remuneration and social security | 454/9 | €27,150 | €111,648 | +€84,498 | +311% |
| Accrued charges and deferred income | 492/3 | - | €1,025 | +€1,025 | |
| Turnover | 70 | €2,504,625 | - | -€2.5m | |
| Non-recurring operating income | 76A | €82,825 | - | -€82,825 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,880,582 | - | -€1.9m | |
| Remuneration, social security and pensions | 62 | €485,635 | €1,263,533 | +€777,898 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,504 | €56,753 | +€10,249 | +22.0% |
| Other operating charges | 640/8 | - | €41,294 | +€41,294 | |
| Gross operating margin | 9900 | €706,867 | €1,592,205 | +€885,337 | +125% |
| Operating profit (loss) | 9901 | €174,729 | €230,624 | +€55,896 | +32.0% |
| Financial income | 75/76B | - | €6,412 | +€6,412 | |
| Recurring financial income | 75 | - | €6,412 | +€6,412 | |
| Financial charges | 65/66B | €162,480 | €269,391 | +€106,911 | +65.8% |
| Recurring financial charges | 65 | €9,619 | €22,956 | +€13,338 | +139% |
| Non-recurring financial charges | 66B | €152,861 | €246,435 | +€93,574 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €12,249 | -€32,355 | -€44,604 | |
| Income taxes | 67/77 | - | €193,676 | +€193,676 | |
| Profit (loss) for the period | 9904 | €12,249 | -€226,031 | -€238,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,249 | -€226,031 | -€238,280 |
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 25 October 2026 via checked.be.