KAN PROJECTS: 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 PROJECTS
Largest movements
- Receivables within one year +€19,042
up €19,042 (+855%), from €2,228 to €21,270
of which Trade receivables: +€19,417
- Tangible fixed assets -€14,767
down €14,767 (-73.0%), from €20,221 to €5,454
of which Furniture and vehicles: -€13,801
- Trade debts +€13,066
up €13,066 (+530%), from €2,465 to €15,530
- Debts after one year -€4,915
no longer reported in 2025 (was €4,915)
- Profit (loss) carried forward -€4,252
down €4,252 (-755%), from -€563 to -€4,815
- Short-term financial debts +€1,052
up €1,052 (+52.2%), from €2,016 to €3,067
- Current portion of long-term debt -€734
down €734 (-11.6%), from €6,348 to €5,615
- Gross operating margin +€5,167
up €5,167 (+493%), from €1,047 to €6,214
- Depreciation -€5,054
down €5,054 (-37.8%), from €13,367 to €8,312
- Other operating charges -€431
down €431 (-23.8%), from €1,811 to €1,380
- Financial charges -€198
down €198 (-18.6%), from €1,063 to €865
- Financial income -€158
down €158 (-61.1%), from €258 to €100
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,449 | €26,945 | +€4,496 | +20.0% |
| Fixed assets | 21/28 | €20,221 | €5,454 | -€14,767 | -73.0% |
| Tangible fixed assets | 22/27 | €20,221 | €5,454 | -€14,767 | -73.0% |
| Plant, machinery and equipment | 23 | €3,037 | €2,071 | -€966 | -31.8% |
| Furniture and vehicles | 24 | €17,184 | €3,382 | -€13,801 | -80.3% |
| Current assets | 29/58 | €2,228 | €21,491 | +€19,264 | +865% |
| Amounts receivable within one year | 40/41 | €2,228 | €21,270 | +€19,042 | +855% |
| Trade receivables | 40 | €209 | €19,626 | +€19,417 | +9,292% |
| Other amounts receivable | 41 | €2,019 | €1,643 | -€375 | -18.6% |
| Deferred charges and accrued income | 490/1 | - | €222 | +€222 | |
| Total equity and liabilities | 10/49 | €22,449 | €26,945 | +€4,496 | +20.0% |
| Equity | 10/15 | €2,437 | -€1,815 | -€4,252 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€563 | -€4,815 | -€4,252 | -755% |
| Amounts payable | 17/49 | €20,012 | €28,760 | +€8,748 | +43.7% |
| Amounts payable after more than one year | 17 | €4,915 | - | -€4,915 | |
| Financial debts | 170/4 | €4,915 | - | -€4,915 | |
| Amounts payable within one year | 42/48 | €15,097 | €28,760 | +€13,663 | +90.5% |
| Current portion of amounts payable after more than one year | 42 | €6,348 | €5,615 | -€734 | -11.6% |
| Financial debts | 43 | €2,016 | €3,067 | +€1,052 | +52.2% |
| Credit institutions | 430/8 | €2,016 | €3,067 | +€1,052 | +52.2% |
| Trade debts | 44 | €2,465 | €15,530 | +€13,066 | +530% |
| Suppliers | 440/4 | €2,465 | €15,530 | +€13,066 | +530% |
| Taxes, remuneration and social security | 45 | €4,269 | €4,548 | +€279 | +6.5% |
| Taxes | 450/3 | €4,269 | €4,548 | +€279 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,367 | €8,312 | -€5,054 | -37.8% |
| Other operating charges | 640/8 | €1,811 | €1,380 | -€431 | -23.8% |
| Non-recurring operating charges | 66A | - | €9 | +€9 | |
| Gross operating margin | 9900 | €1,047 | €6,214 | +€5,167 | +493% |
| Operating profit (loss) | 9901 | -€14,130 | -€3,487 | +€10,643 | +75.3% |
| Financial income | 75/76B | €258 | €100 | -€158 | -61.1% |
| Recurring financial income | 75 | €258 | €100 | -€158 | -61.1% |
| Financial charges | 65/66B | €1,063 | €865 | -€198 | -18.6% |
| Recurring financial charges | 65 | €1,063 | €865 | -€198 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,935 | -€4,252 | +€10,683 | +71.5% |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€14,945 | -€4,252 | +€10,694 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,945 | -€4,252 | +€10,694 | +71.6% |
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.