KANAE: 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.
KANAE
Largest movements
- Cash -€132,317
down €132,317 (-96.5%), from €137,088 to €4,771
mainly Trade debts (-€202,575) and Tax, wage and social debts (-€16,076)
- Receivables within one year -€27,738
down €27,738 (-3.9%), from €705,800 to €678,062
of which Trade receivables: -€48,809
- Trade debts -€202,575
down €202,575 (-98.9%), from €204,859 to €2,284
- Reserves +€61,013
up €61,013 (+10.0%), from €611,277 to €672,290
- Tax, wage and social debts -€16,076
down €16,076 (-47.5%), from €33,874 to €17,799
- Gross operating margin -€34,749
down €34,749 (-27.9%), from €124,654 to €89,906
- Taxes -€5,863
down €5,863 (-24.8%), from €23,662 to €17,799
- Depreciation -€3,355
down €3,355 (-35.2%), from €9,535 to €6,181
- Other operating charges +€2,675
up €2,675 (+304.5%), from €878 to €3,554
- Financial charges -€1,349
down €1,349 (-49.8%), from €2,709 to €1,360
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 | €853,011 | €697,623 | -€155,388 | -18.2% |
| Fixed assets | 21/28 | €10,123 | €14,790 | +€4,667 | +46.1% |
| Tangible fixed assets | 22/27 | €10,123 | €14,790 | +€4,667 | +46.1% |
| Land and buildings | 22 | €10,123 | €4,338 | -€5,784 | -57.1% |
| Furniture and vehicles | 24 | - | €10,452 | +€10,452 | |
| Current assets | 29/58 | €842,888 | €682,833 | -€160,055 | -19.0% |
| Amounts receivable within one year | 40/41 | €705,800 | €678,062 | -€27,738 | -3.9% |
| Trade receivables | 40 | €580,800 | €531,991 | -€48,809 | -8.4% |
| Other amounts receivable | 41 | €125,000 | €146,071 | +€21,071 | +16.9% |
| Cash at bank and in hand | 54/58 | €137,088 | €4,771 | -€132,317 | -96.5% |
| Total equity and liabilities | 10/49 | €853,011 | €697,623 | -€155,388 | -18.2% |
| Equity | 10/15 | €614,277 | €675,290 | +€61,013 | +9.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €611,277 | €672,290 | +€61,013 | +10.0% |
| Distributable reserves | 133 | €611,277 | €672,290 | +€61,013 | +10.0% |
| Amounts payable | 17/49 | €238,733 | €22,333 | -€216,400 | -90.6% |
| Amounts payable within one year | 42/48 | €238,733 | €20,083 | -€218,650 | -91.6% |
| Trade debts | 44 | €204,859 | €2,284 | -€202,575 | -98.9% |
| Suppliers | 440/4 | €204,859 | €2,284 | -€202,575 | -98.9% |
| Taxes, remuneration and social security | 45 | €33,874 | €17,799 | -€16,076 | -47.5% |
| Taxes | 450/3 | €33,874 | €17,799 | -€16,076 | -47.5% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,535 | €6,181 | -€3,355 | -35.2% |
| Other operating charges | 640/8 | €878 | €3,554 | +€2,675 | +304.5% |
| Gross operating margin | 9900 | €124,654 | €89,906 | -€34,749 | -27.9% |
| Operating profit (loss) | 9901 | €114,241 | €80,171 | -€34,069 | -29.8% |
| Financial charges | 65/66B | €2,709 | €1,360 | -€1,349 | -49.8% |
| Recurring financial charges | 65 | €2,709 | €1,360 | -€1,349 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €111,531 | €78,811 | -€32,720 | -29.3% |
| Income taxes | 67/77 | €23,662 | €17,799 | -€5,863 | -24.8% |
| Profit (loss) for the period | 9904 | €87,870 | €61,013 | -€26,857 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €87,870 | €61,013 | -€26,857 | -30.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.