KAN HOLDING: 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 HOLDING
Largest movements
- Receivables within one year -€56,758
down €56,758 (-52.1%), from €109,022 to €52,264
of which Trade receivables: -€78,008
- Tangible fixed assets -€34,271
down €34,271 (-5.1%), from €676,090 to €641,818
of which Land and buildings: -€34,084
- Cash +€12,361
new in 2025: €12,361
mainly Receivables within one year (+€56,758) and Net result for the year (+€38,762)
- Trade debts -€80,740
down €80,740 (-98.8%), from €81,752 to €1,012
- Debts after one year -€47,095
down €47,095 (-7.6%), from €619,253 to €572,159
- Profit (loss) carried forward +€38,762
up €38,762 (+65.1%), from €59,533 to €98,294
- Gross operating margin +€45,042
up €45,042 (+227%), from €19,826 to €64,868
- Depreciation +€27,737
up €27,737 (+404%), from €6,866 to €34,603
- Financial charges +€20,154
up €20,154 (+287%), from €7,011 to €27,165
- Financial income +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Other operating charges +€4,209
new in 2025: €4,209
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 | €944,569 | €857,065 | -€87,504 | -9.3% |
| Formation expenses | 20 | €954 | €622 | -€332 | -34.8% |
| Fixed assets | 21/28 | €826,090 | €791,818 | -€34,271 | -4.1% |
| Tangible fixed assets | 22/27 | €676,090 | €641,818 | -€34,271 | -5.1% |
| Land and buildings | 22 | €675,171 | €641,086 | -€34,084 | -5.0% |
| Furniture and vehicles | 24 | €919 | €732 | -€187 | -20.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €117,525 | €64,624 | -€52,900 | -45.0% |
| Amounts receivable within one year | 40/41 | €109,022 | €52,264 | -€56,758 | -52.1% |
| Trade receivables | 40 | €90,422 | €12,414 | -€78,008 | -86.3% |
| Other amounts receivable | 41 | €18,600 | €39,850 | +€21,250 | +114% |
| Current investments | 50/53 | €8,503 | - | -€8,503 | |
| Cash at bank and in hand | 54/58 | - | €12,361 | +€12,361 | |
| Total equity and liabilities | 10/49 | €944,569 | €857,065 | -€87,504 | -9.3% |
| Equity | 10/15 | €104,533 | €143,294 | +€38,762 | +37.1% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,533 | €98,294 | +€38,762 | +65.1% |
| Amounts payable | 17/49 | €840,036 | €713,771 | -€126,265 | -15.0% |
| Amounts payable after more than one year | 17 | €619,253 | €572,159 | -€47,095 | -7.6% |
| Financial debts | 170/4 | €619,253 | €572,159 | -€47,095 | -7.6% |
| Amounts payable within one year | 42/48 | €216,898 | €141,612 | -€75,286 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €42,935 | €47,095 | +€4,160 | +9.7% |
| Trade debts | 44 | €81,752 | €1,012 | -€80,740 | -98.8% |
| Suppliers | 440/4 | €81,752 | €1,012 | -€80,740 | -98.8% |
| Taxes, remuneration and social security | 45 | €9,186 | €9,941 | +€755 | +8.2% |
| Taxes | 450/3 | €9,186 | €9,941 | +€755 | +8.2% |
| Other amounts payable | 47/48 | €83,025 | €83,564 | +€539 | +0.6% |
| Accrued charges and deferred income | 492/3 | €3,884 | - | -€3,884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,866 | €34,603 | +€27,737 | +404% |
| Other operating charges | 640/8 | - | €4,209 | +€4,209 | |
| Gross operating margin | 9900 | €19,826 | €64,868 | +€45,042 | +227% |
| Operating profit (loss) | 9901 | €12,960 | €26,056 | +€13,096 | +101% |
| Financial income | 75/76B | €25,000 | €40,000 | +€15,000 | +60.0% |
| Recurring financial income | 75 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Financial charges | 65/66B | €7,011 | €27,165 | +€20,154 | +287% |
| Recurring financial charges | 65 | €7,011 | €27,165 | +€20,154 | +287% |
| Profit (loss) for the period before taxes | 9903 | €30,949 | €38,891 | +€7,942 | +25.7% |
| Income taxes | 67/77 | €1,692 | €129 | -€1,563 | -92.4% |
| Profit (loss) for the period | 9904 | €29,257 | €38,762 | +€9,505 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,257 | €38,762 | +€9,505 | +32.5% |
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 24 October 2026 via checked.be.