KANAAL: 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.
KANAAL
Largest movements
- Tangible fixed assets +€3.0m
up €3.0m (+27.5%), from €11.0m to €14.0m
- Trade debts +€3.6m
up €3.6m (+8,630%), from €41,325 to €3.6m
- Other debts -€615,763
down €615,763 (-95.1%), from €647,433 to €31,670
- Debts after one year +€170,000
up €170,000 (+3.4%), from €5.0m to €5.2m
- Gross operating margin +€116,178
up €116,178 (+54.0%), from -€215,018 to -€98,840
- Other operating charges -€30,030
down €30,030 (-81.3%), from €36,945 to €6,915
- Financial income +€5,998
up €5,998 (+454%), from €1,322 to €7,319
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,022,620 | €14,043,101 | +€3.0m | +27.4% |
| Fixed assets | 21/28 | €10,995,802 | €14,021,271 | +€3.0m | +27.5% |
| Tangible fixed assets | 22/27 | €10,995,802 | €14,021,271 | +€3.0m | +27.5% |
| Land and buildings | 22 | €10,995,802 | €14,021,271 | +€3.0m | +27.5% |
| Current assets | 29/58 | €26,819 | €21,830 | -€4,989 | -18.6% |
| Amounts receivable within one year | 40/41 | €15,088 | €12,195 | -€2,893 | -19.2% |
| Other amounts receivable | 41 | €15,088 | €12,195 | -€2,893 | -19.2% |
| Cash at bank and in hand | 54/58 | €11,731 | €9,635 | -€2,096 | -17.9% |
| Total equity and liabilities | 10/49 | €11,022,620 | €14,043,101 | +€3.0m | +27.4% |
| Equity | 10/15 | €5,325,489 | €5,225,522 | -€99,967 | -1.9% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Capital | 10 | €1,700,000 | €1,700,000 | = | 0.0% |
| Issued capital | 100 | €1,700,000 | €1,700,000 | = | 0.0% |
| Revaluation surpluses | 12 | €4,600,000 | €4,600,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,024,511 | -€1,124,478 | -€99,967 | -9.8% |
| Amounts payable | 17/49 | €5,697,131 | €8,817,580 | +€3.1m | +54.8% |
| Amounts payable after more than one year | 17 | €5,008,374 | €5,178,374 | +€170,000 | +3.4% |
| Other amounts payable | 178/9 | €5,008,374 | €5,178,374 | +€170,000 | +3.4% |
| Amounts payable within one year | 42/48 | €688,758 | €3,639,206 | +€3.0m | +428% |
| Trade debts | 44 | €41,325 | €3,607,536 | +€3.6m | +8,630% |
| Suppliers | 440/4 | €41,325 | €3,607,536 | +€3.6m | +8,630% |
| Other amounts payable | 47/48 | €647,433 | €31,670 | -€615,763 | -95.1% |
| Other operating charges | 640/8 | €36,945 | €6,915 | -€30,030 | -81.3% |
| Gross operating margin | 9900 | -€215,018 | -€98,840 | +€116,178 | +54.0% |
| Operating profit (loss) | 9901 | -€251,963 | -€105,755 | +€146,208 | +58.0% |
| Financial income | 75/76B | €1,322 | €7,319 | +€5,998 | +454% |
| Recurring financial income | 75 | €1,322 | €7,319 | +€5,998 | +454% |
| Financial charges | 65/66B | €2,458 | €1,531 | -€927 | -37.7% |
| Recurring financial charges | 65 | €2,458 | €1,331 | -€1,127 | -45.8% |
| Non-recurring financial charges | 66B | - | €200 | +€200 | |
| Profit (loss) for the period before taxes | 9903 | -€253,100 | -€99,967 | +€153,132 | +60.5% |
| Profit (loss) for the period | 9904 | -€253,100 | -€99,967 | +€153,132 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€253,100 | -€99,967 | +€153,132 | +60.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.