KAENDELHOF: 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.
KAENDELHOF
Largest movements
- Tangible fixed assets -€5,515
down €5,515 (-45.0%), from €12,267 to €6,751
of which Leasing and similar rights: -€4,721
- Cash +€2,226
up €2,226 (+16.8%), from €13,237 to €15,463
mainly Depreciation (+€5,515) and Net result for the year (+€1,396)
- Receivables within one year +€1,262
up €1,262 (+186%), from €679 to €1,940
of which Trade receivables: +€1,525
- Debts after one year -€4,454
down €4,454 (-79.7%), from €5,592 to €1,138
- Profit (loss) carried forward +€1,396
up €1,396 (+43.7%), from €3,198 to €4,595
- Trade debts +€1,003
up €1,003 (+120%), from €835 to €1,838
- Gross operating margin +€1,679
up €1,679 (+22.9%), from €7,329 to €9,008
- Taxes +€313
up €313 (+248%), from €126 to €439
- Financial charges -€132
down €132 (-20.3%), from €652 to €520
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 | €26,674 | €24,669 | -€2,005 | -7.5% |
| Fixed assets | 21/28 | €12,267 | €6,751 | -€5,515 | -45.0% |
| Tangible fixed assets | 22/27 | €12,267 | €6,751 | -€5,515 | -45.0% |
| Plant, machinery and equipment | 23 | €1,438 | €644 | -€795 | -55.2% |
| Leasing and similar rights | 25 | €10,828 | €6,108 | -€4,721 | -43.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €14,407 | €17,917 | +€3,510 | +24.4% |
| Amounts receivable within one year | 40/41 | €679 | €1,940 | +€1,262 | +186% |
| Trade receivables | 40 | €0 | €1,525 | +€1,525 | |
| Other amounts receivable | 41 | €679 | €416 | -€263 | -38.8% |
| Cash at bank and in hand | 54/58 | €13,237 | €15,463 | +€2,226 | +16.8% |
| Deferred charges and accrued income | 490/1 | €491 | €514 | +€23 | +4.7% |
| Total equity and liabilities | 10/49 | €26,674 | €24,669 | -€2,005 | -7.5% |
| Equity | 10/15 | €15,821 | €17,217 | +€1,396 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,422 | €6,422 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,562 | €4,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,198 | €4,595 | +€1,396 | +43.7% |
| Amounts payable | 17/49 | €10,853 | €7,452 | -€3,402 | -31.3% |
| Amounts payable after more than one year | 17 | €5,592 | €1,138 | -€4,454 | -79.7% |
| Financial debts | 170/4 | €5,592 | €1,138 | -€4,454 | -79.7% |
| Amounts payable within one year | 42/48 | €5,261 | €6,314 | +€1,053 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €4,304 | €4,454 | +€151 | +3.5% |
| Trade debts | 44 | €835 | €1,838 | +€1,003 | +120% |
| Suppliers | 440/4 | €835 | €1,838 | +€1,003 | +120% |
| Taxes, remuneration and social security | 45 | €122 | €21 | -€101 | -82.5% |
| Taxes | 450/3 | €122 | €21 | -€101 | -82.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,515 | €5,515 | = | 0.0% |
| Other operating charges | 640/8 | €1,266 | €1,250 | -€17 | -1.3% |
| Gross operating margin | 9900 | €7,329 | €9,008 | +€1,679 | +22.9% |
| Operating profit (loss) | 9901 | €547 | €2,243 | +€1,696 | +310% |
| Financial income | 75/76B | €27 | €113 | +€86 | +322% |
| Recurring financial income | 75 | €27 | €113 | +€86 | +322% |
| Financial charges | 65/66B | €652 | €520 | -€132 | -20.3% |
| Recurring financial charges | 65 | €652 | €520 | -€132 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€79 | €1,836 | +€1,915 | |
| Income taxes | 67/77 | €126 | €439 | +€313 | +248% |
| Profit (loss) for the period | 9904 | -€205 | €1,396 | +€1,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€205 | €1,396 | +€1,602 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.