KAN-SHA: what changed
Two fiscal 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-SHA
Largest movements
- Deferred charges and accrued income +€24,254
up €24,254 (+60.8%), from €39,871 to €64,125
- Receivables within one year +€23,926
up €23,926 (+105.6%), from €22,657 to €46,583
of which Other amounts receivable: +€14,220
- Cash -€3,368
down €3,368 (-79.2%), from €4,252 to €885
mainly Deferred charges and accrued income (-€24,254) and Receivables within one year (-€23,926)
- Tax, wage and social debts +€32,501
up €32,501 (+54.6%), from €59,521 to €92,023
of which Remuneration and social security: +€35,694
- Trade debts +€12,797
up €12,797 (+47.2%), from €27,085 to €39,883
- Profit (loss) carried forward -€2,250
down €2,250 (-10.2%), from -€22,030 to -€24,280
- Accrued charges and deferred income +€1,913
up €1,913 (+931.7%), from €205 to €2,118
- Staff costs +€126,105
up €126,105 (+38.7%), from €326,078 to €452,183
- Gross operating margin +€98,286
up €98,286 (+27.7%), from €354,539 to €452,825
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 | €69,782 | €114,743 | +€44,961 | +64.4% |
| Formation expenses | 20 | €571 | €350 | -€221 | -38.7% |
| Fixed assets | 21/28 | €2,430 | €2,801 | +€371 | +15.3% |
| Tangible fixed assets | 22/27 | €2,280 | €2,651 | +€371 | +16.3% |
| Plant, machinery and equipment | 23 | €2,280 | €2,651 | +€371 | +16.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €66,781 | €111,593 | +€44,812 | +67.1% |
| Amounts receivable within one year | 40/41 | €22,657 | €46,583 | +€23,926 | +105.6% |
| Trade receivables | 40 | - | €9,706 | +€9,706 | |
| Other amounts receivable | 41 | €22,657 | €36,878 | +€14,220 | +62.8% |
| Cash at bank and in hand | 54/58 | €4,252 | €885 | -€3,368 | -79.2% |
| Deferred charges and accrued income | 490/1 | €39,871 | €64,125 | +€24,254 | +60.8% |
| Total equity and liabilities | 10/49 | €69,782 | €114,743 | +€44,961 | +64.4% |
| Equity | 10/15 | -€17,030 | -€19,280 | -€2,250 | -13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,030 | -€24,280 | -€2,250 | -10.2% |
| Amounts payable | 17/49 | €86,812 | €134,024 | +€47,212 | +54.4% |
| Amounts payable within one year | 42/48 | €86,607 | €131,905 | +€45,299 | +52.3% |
| Trade debts | 44 | €27,085 | €39,883 | +€12,797 | +47.2% |
| Suppliers | 440/4 | €27,085 | €39,883 | +€12,797 | +47.2% |
| Taxes, remuneration and social security | 45 | €59,521 | €92,023 | +€32,501 | +54.6% |
| Taxes | 450/3 | €3,193 | - | -€3,193 | |
| Remuneration and social security | 454/9 | €56,328 | €92,023 | +€35,694 | +63.4% |
| Accrued charges and deferred income | 492/3 | €205 | €2,118 | +€1,913 | +931.7% |
| Remuneration, social security and pensions | 62 | €326,078 | €452,183 | +€126,105 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €1,339 | +€466 | +53.4% |
| Other operating charges | 640/8 | €2,194 | €503 | -€1,691 | -77.1% |
| Gross operating margin | 9900 | €354,539 | €452,825 | +€98,286 | +27.7% |
| Operating profit (loss) | 9901 | €25,394 | -€1,200 | -€26,594 | |
| Financial charges | 65/66B | €87 | €1,050 | +€963 | +1103.4% |
| Recurring financial charges | 65 | €87 | €1,050 | +€963 | +1103.4% |
| Profit (loss) for the period before taxes | 9903 | €25,307 | -€2,250 | -€27,557 | |
| Profit (loss) for the period | 9904 | €25,307 | -€2,250 | -€27,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,307 | -€2,250 | -€27,557 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.