KANAALKOM DEVELOPMENT: 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.
KANAALKOM DEVELOPMENT
Largest movements
- Stocks and contracts -€9.3m
down €9.3m (-27.1%), from €34.1m to €24.9m
of which Stocks: -€10.3m
- Receivables within one year -€359,366
down €359,366 (-58.6%), from €613,220 to €253,854
of which Trade receivables: -€473,629
- Debts after one year -€6.9m
down €6.9m (-22.9%), from €30.0m to €23.1m
of which Financial debts: -€6.9m
- Profit (loss) carried forward -€1.6m
down €1.6m (-9.0%), from -€17.3m to -€18.9m
- Trade debts -€943,178
down €943,178 (-53.7%), from €1.8m to €812,731
- Gross operating margin +€1.2m
up €1.2m (+53.5%), from -€2.2m to -€1.0m
- Financial charges -€137,267
down €137,267 (-20.6%), from €667,780 to €530,513
- Provisions +€80,000
no longer reported in 2025 (was -€80,000)
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 | €34,986,724 | €25,324,605 | -€9.7m | -27.6% |
| Current assets | 29/58 | €34,986,724 | €25,324,605 | -€9.7m | -27.6% |
| Stocks and contracts in progress | 3 | €34,138,988 | €24,880,487 | -€9.3m | -27.1% |
| Stocks | 30/36 | €31,285,900 | €21,029,269 | -€10.3m | -32.8% |
| Contracts in progress | 37 | €2,853,087 | €3,851,218 | +€998,130 | +35.0% |
| Amounts receivable within one year | 40/41 | €613,220 | €253,854 | -€359,366 | -58.6% |
| Trade receivables | 40 | €613,220 | €139,591 | -€473,629 | -77.2% |
| Other amounts receivable | 41 | - | €114,263 | +€114,263 | |
| Cash at bank and in hand | 54/58 | €54,593 | €27,648 | -€26,945 | -49.4% |
| Deferred charges and accrued income | 490/1 | €179,924 | €162,616 | -€17,308 | -9.6% |
| Total equity and liabilities | 10/49 | €34,986,724 | €25,324,605 | -€9.7m | -27.6% |
| Equity | 10/15 | €2,938,681 | €1,377,019 | -€1.6m | -53.1% |
| Contributions | 10/11 | €20,250,000 | €20,250,000 | = | 0.0% |
| Capital | 10 | €20,250,000 | €20,250,000 | = | 0.0% |
| Issued capital | 100 | €20,250,000 | €20,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,311,319 | -€18,872,981 | -€1.6m | -9.0% |
| Amounts payable | 17/49 | €32,048,043 | €23,947,585 | -€8.1m | -25.3% |
| Amounts payable after more than one year | 17 | €29,997,076 | €23,133,855 | -€6.9m | -22.9% |
| Financial debts | 170/4 | €29,995,076 | €23,133,855 | -€6.9m | -22.9% |
| Other amounts payable | 178/9 | €2,000 | - | -€2,000 | |
| Amounts payable within one year | 42/48 | €2,049,967 | €813,730 | -€1.2m | -60.3% |
| Trade debts | 44 | €1,755,909 | €812,731 | -€943,178 | -53.7% |
| Suppliers | 440/4 | €1,755,909 | €812,731 | -€943,178 | -53.7% |
| Taxes, remuneration and social security | 45 | €294,058 | €998 | -€293,060 | -99.7% |
| Taxes | 450/3 | €294,058 | €998 | -€293,060 | -99.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€80,000 | - | +€80,000 | |
| Other operating charges | 640/8 | €1,186 | €1,143 | -€43 | -3.7% |
| Gross operating margin | 9900 | -€2,216,886 | -€1,030,376 | +€1.2m | +53.5% |
| Operating profit (loss) | 9901 | -€2,138,072 | -€1,031,519 | +€1.1m | +51.8% |
| Financial income | 75/76B | €3,645 | €370 | -€3,275 | -89.8% |
| Recurring financial income | 75 | €3,645 | €370 | -€3,275 | -89.8% |
| Financial charges | 65/66B | €667,780 | €530,513 | -€137,267 | -20.6% |
| Recurring financial charges | 65 | €667,780 | €530,513 | -€137,267 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,802,207 | -€1,561,662 | +€1.2m | +44.3% |
| Profit (loss) for the period | 9904 | -€2,802,207 | -€1,561,662 | +€1.2m | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,802,207 | -€1,561,662 | +€1.2m | +44.3% |
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 20 October 2026 via checked.be.