Kanal: 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.
Kanal
Largest movements
- Cash -€51,242
down €51,242 (-47.6%), from €107,723 to €56,481
mainly Receivables after one year (-€50,000) and Deferred charges and accrued income (-€775)
- Receivables after one year +€50,000
new in 2025: €50,000
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€775
new in 2025: €775
- Gross operating margin +€390
up €390 (+36.1%), from -€1,080 to -€690
- Financial charges -€196
no longer reported in 2025 (was €196)
- Other operating charges +€17
up €17 (+2.7%), from €620 to €637
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 | €107,958 | €107,257 | -€702 | -0.6% |
| Current assets | 29/58 | €107,958 | €107,257 | -€702 | -0.6% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €235 | - | -€235 | |
| Other amounts receivable | 41 | €235 | - | -€235 | |
| Cash at bank and in hand | 54/58 | €107,723 | €56,481 | -€51,242 | -47.6% |
| Deferred charges and accrued income | 490/1 | - | €775 | +€775 | |
| Total equity and liabilities | 10/49 | €107,958 | €107,257 | -€702 | -0.6% |
| Equity | 10/15 | €102,128 | €101,577 | -€552 | -0.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €4,682 | €4,682 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,682 | €4,682 | = | 0.0% |
| Legal reserve | 130 | €4,682 | €4,682 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,554 | -€3,106 | -€552 | -21.6% |
| Amounts payable | 17/49 | €5,830 | €5,680 | -€150 | -2.6% |
| Amounts payable within one year | 42/48 | €3,500 | €3,350 | -€150 | -4.3% |
| Trade debts | 44 | €3,500 | €3,350 | -€150 | -4.3% |
| Suppliers | 440/4 | €3,500 | €3,350 | -€150 | -4.3% |
| Accrued charges and deferred income | 492/3 | €2,330 | €2,330 | = | 0.0% |
| Other operating charges | 640/8 | €620 | €637 | +€17 | +2.7% |
| Gross operating margin | 9900 | -€1,080 | -€690 | +€390 | +36.1% |
| Operating profit (loss) | 9901 | -€1,700 | -€1,327 | +€373 | +22.0% |
| Financial income | 75/76B | - | €775 | +€775 | |
| Recurring financial income | 75 | - | €775 | +€775 | |
| Financial charges | 65/66B | €196 | - | -€196 | |
| Recurring financial charges | 65 | €196 | - | -€196 | |
| Profit (loss) for the period before taxes | 9903 | -€1,896 | -€552 | +€1,344 | +70.9% |
| Profit (loss) for the period | 9904 | -€1,896 | -€552 | +€1,344 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,896 | -€552 | +€1,344 | +70.9% |
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 25 October 2026 via checked.be.