KAN: 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.
KAN
Largest movements
- Receivables within one year +€225,278
up €225,278 (+951.7%), from €23,671 to €248,948
of which Other amounts receivable: +€221,908
- Cash -€18,274
down €18,274 (-43.7%), from €41,782 to €23,508
mainly Receivables within one year (-€225,278) and Contributions, distributions and other (-€40,000)
- Reserves +€179,000
up €179,000 (+138.9%), from €128,860 to €307,860
of which Distributable reserves: +€179,000
- Short-term financial debts +€20,168
up €20,168 (+596.6%), from €3,381 to €23,549
- Gross operating margin +€204,373
up €204,373 (+288.7%), from €70,791 to €275,164
- Taxes +€38,896
up €38,896 (+421.4%), from €9,230 to €48,126
- Financial charges -€36,238
down €36,238, from €1,476 to -€34,763
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 | €247,797 | €457,850 | +€210,053 | +84.8% |
| Fixed assets | 21/28 | €180,318 | €180,004 | -€314 | -0.2% |
| Tangible fixed assets | 22/27 | €1,545 | €1,231 | -€314 | -20.3% |
| Plant, machinery and equipment | 23 | €1,545 | €1,231 | -€314 | -20.3% |
| Financial fixed assets | 28 | €178,772 | €178,772 | = | 0.0% |
| Current assets | 29/58 | €67,480 | €277,846 | +€210,367 | +311.7% |
| Amounts receivable within one year | 40/41 | €23,671 | €248,948 | +€225,278 | +951.7% |
| Trade receivables | 40 | €22,630 | €26,000 | +€3,370 | +14.9% |
| Other amounts receivable | 41 | €1,041 | €222,948 | +€221,908 | +21324.8% |
| Cash at bank and in hand | 54/58 | €41,782 | €23,508 | -€18,274 | -43.7% |
| Deferred charges and accrued income | 490/1 | €2,027 | €5,390 | +€3,363 | +165.9% |
| Total equity and liabilities | 10/49 | €247,797 | €457,850 | +€210,053 | +84.8% |
| Equity | 10/15 | €148,279 | €326,642 | +€178,363 | +120.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,860 | €307,860 | +€179,000 | +138.9% |
| 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 | €127,000 | €306,000 | +€179,000 | +140.9% |
| Profit (loss) carried forward | 14 | €819 | €182 | -€637 | -77.7% |
| Amounts payable | 17/49 | €99,518 | €131,207 | +€31,689 | +31.8% |
| Amounts payable within one year | 42/48 | €99,518 | €128,034 | +€28,516 | +28.7% |
| Financial debts | 43 | €3,381 | €23,549 | +€20,168 | +596.6% |
| Credit institutions | 430/8 | €3,381 | €23,549 | +€20,168 | +596.6% |
| Trade debts | 44 | €14,813 | €18,856 | +€4,043 | +27.3% |
| Suppliers | 440/4 | €14,813 | €18,856 | +€4,043 | +27.3% |
| Taxes, remuneration and social security | 45 | €75 | €0 | -€75 | -100.0% |
| Taxes | 450/3 | €75 | €0 | -€75 | -100.0% |
| Other amounts payable | 47/48 | €81,250 | €85,629 | +€4,379 | +5.4% |
| Accrued charges and deferred income | 492/3 | - | €3,174 | +€3,174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €314 | +€47 | +17.8% |
| Other operating charges | 640/8 | €1,758 | €1,123 | -€635 | -36.1% |
| Non-recurring operating charges | 66A | - | €42,000 | +€42,000 | |
| Gross operating margin | 9900 | €70,791 | €275,164 | +€204,373 | +288.7% |
| Operating profit (loss) | 9901 | €68,766 | €231,727 | +€162,960 | +237.0% |
| Financial income | 75/76B | €664 | €0 | -€664 | -100.0% |
| Recurring financial income | 75 | €664 | €0 | -€664 | -100.0% |
| Financial charges | 65/66B | €1,476 | -€34,763 | -€36,238 | |
| Recurring financial charges | 65 | €1,476 | -€34,763 | -€36,238 | |
| Profit (loss) for the period before taxes | 9903 | €67,955 | €266,489 | +€198,535 | +292.2% |
| Income taxes | 67/77 | €9,230 | €48,126 | +€38,896 | +421.4% |
| Profit (loss) for the period | 9904 | €58,724 | €218,363 | +€159,639 | +271.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,724 | €218,363 | +€159,639 | +271.8% |
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 10 October 2026 via checked.be.