KANADA: 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.
KANADA
Largest movements
- Cash +€17,248
up €17,248 (+8916.2%), from €193 to €17,442
mainly Other debts (+€27,300) and Depreciation (+€16,070)
- Tangible fixed assets -€10,034
down €10,034 (-1.6%), from €611,514 to €601,480
- Debts after one year -€41,201
down €41,201 (-8.7%), from €475,946 to €434,745
- Other debts +€27,300
up €27,300 (+35.0%), from €77,958 to €105,258
- Current portion of long-term debt +€12,250
up €12,250 (+30.6%), from €40,001 to €52,251
- Profit (loss) carried forward +€7,264
up €7,264 (+114.9%), from €6,320 to €13,584
- Gross operating margin -€15,063
down €15,063 (-27.1%), from €55,580 to €40,517
- Financial charges -€2,537
down €2,537 (-16.4%), from €15,480 to €12,943
- Depreciation +€605
up €605 (+3.9%), from €15,465 to €16,070
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 | €628,093 | €632,663 | +€4,570 | +0.7% |
| Fixed assets | 21/28 | €611,514 | €601,480 | -€10,034 | -1.6% |
| Tangible fixed assets | 22/27 | €611,514 | €601,480 | -€10,034 | -1.6% |
| Land and buildings | 22 | €611,514 | €601,480 | -€10,034 | -1.6% |
| Current assets | 29/58 | €16,579 | €31,183 | +€14,603 | +88.1% |
| Amounts receivable within one year | 40/41 | €15,586 | €10,591 | -€4,995 | -32.0% |
| Trade receivables | 40 | €15,586 | €2,579 | -€13,007 | -83.5% |
| Other amounts receivable | 41 | - | €8,012 | +€8,012 | |
| Cash at bank and in hand | 54/58 | €193 | €17,442 | +€17,248 | +8916.2% |
| Deferred charges and accrued income | 490/1 | €800 | €3,150 | +€2,350 | +293.8% |
| Total equity and liabilities | 10/49 | €628,093 | €632,663 | +€4,570 | +0.7% |
| Equity | 10/15 | €26,320 | €33,584 | +€7,264 | +27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,320 | €13,584 | +€7,264 | +114.9% |
| Amounts payable | 17/49 | €601,773 | €599,079 | -€2,694 | -0.4% |
| Amounts payable after more than one year | 17 | €475,946 | €434,745 | -€41,201 | -8.7% |
| Financial debts | 170/4 | €475,946 | €434,745 | -€41,201 | -8.7% |
| Amounts payable within one year | 42/48 | €125,827 | €164,334 | +€38,507 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €40,001 | €52,251 | +€12,250 | +30.6% |
| Financial debts | 43 | €4,412 | - | -€4,412 | |
| Other loans | 439 | €4,412 | - | -€4,412 | |
| Trade debts | 44 | €963 | €1,910 | +€947 | +98.3% |
| Suppliers | 440/4 | €963 | €1,910 | +€947 | +98.3% |
| Taxes, remuneration and social security | 45 | €2,493 | €4,914 | +€2,421 | +97.1% |
| Taxes | 450/3 | €2,493 | €4,914 | +€2,421 | +97.1% |
| Other amounts payable | 47/48 | €77,958 | €105,258 | +€27,300 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,465 | €16,070 | +€605 | +3.9% |
| Other operating charges | 640/8 | €2,174 | €1,819 | -€355 | -16.3% |
| Gross operating margin | 9900 | €55,580 | €40,517 | -€15,063 | -27.1% |
| Operating profit (loss) | 9901 | €37,942 | €22,628 | -€15,313 | -40.4% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €15,480 | €12,943 | -€2,537 | -16.4% |
| Recurring financial charges | 65 | €15,480 | €12,943 | -€2,537 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €22,465 | €9,685 | -€12,780 | -56.9% |
| Income taxes | 67/77 | €2,493 | €2,421 | -€71 | -2.9% |
| Profit (loss) for the period | 9904 | €19,972 | €7,264 | -€12,708 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,972 | €7,264 | -€12,708 | -63.6% |
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 28 September 2026 via checked.be.