KANALIS: 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.
KANALIS
Largest movements
- Cash -€204,867
down €204,867 (-56.3%), from €363,785 to €158,917
mainly Debts after one year (-€543,348) and Contributions, distributions and other (-€90,975)
- Intangible fixed assets -€160,178
down €160,178 (-43.1%), from €371,956 to €211,778
- Receivables within one year -€78,087
down €78,087 (-26.2%), from €297,652 to €219,565
of which Trade receivables: -€67,626
- Tangible fixed assets -€13,637
down €13,637 (-7.8%), from €174,231 to €160,594
of which Land and buildings: -€12,697
- Debts after one year -€543,348
down €543,348 (-88.6%), from €613,261 to €69,913
of which Other amounts payable: -€500,000
- Profit (loss) carried forward +€64,778
up €64,778 (+26.5%), from €244,526 to €309,305
- Trade debts +€46,041
up €46,041 (+339.0%), from €13,582 to €59,623
- Tax, wage and social debts -€22,464
down €22,464 (-27.3%), from €82,422 to €59,958
of which Taxes: -€11,285
- Staff costs +€77,241
up €77,241 (+9.1%), from €846,026 to €923,267
- Gross operating margin +€27,526
up €27,526 (+2.0%), from €1.4m to €1.4m
- Depreciation -€15,864
down €15,864 (-5.8%), from €274,894 to €259,030
- Taxes -€14,681
down €14,681 (-24.6%), from €59,692 to €45,011
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 | €1,235,339 | €778,569 | -€456,770 | -37.0% |
| Fixed assets | 21/28 | €554,402 | €380,587 | -€173,815 | -31.4% |
| Intangible fixed assets | 21 | €371,956 | €211,778 | -€160,178 | -43.1% |
| Tangible fixed assets | 22/27 | €174,231 | €160,594 | -€13,637 | -7.8% |
| Land and buildings | 22 | €28,984 | €16,286 | -€12,697 | -43.8% |
| Plant, machinery and equipment | 23 | €45,711 | €33,452 | -€12,258 | -26.8% |
| Furniture and vehicles | 24 | €99,537 | €110,856 | +€11,319 | +11.4% |
| Financial fixed assets | 28 | €8,215 | €8,215 | = | 0.0% |
| Current assets | 29/58 | €680,937 | €397,982 | -€282,954 | -41.6% |
| Stocks and contracts in progress | 3 | €19,500 | €19,500 | = | 0.0% |
| Stocks | 30/36 | €19,500 | €19,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €297,652 | €219,565 | -€78,087 | -26.2% |
| Trade receivables | 40 | €257,194 | €189,568 | -€67,626 | -26.3% |
| Other amounts receivable | 41 | €40,458 | €29,997 | -€10,461 | -25.9% |
| Cash at bank and in hand | 54/58 | €363,785 | €158,917 | -€204,867 | -56.3% |
| Total equity and liabilities | 10/49 | €1,235,339 | €778,569 | -€456,770 | -37.0% |
| Equity | 10/15 | €376,922 | €430,725 | +€53,804 | +14.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,526 | €309,305 | +€64,778 | +26.5% |
| Investment grants | 15 | €32,395 | €21,421 | -€10,975 | -33.9% |
| Amounts payable | 17/49 | €858,418 | €347,844 | -€510,574 | -59.5% |
| Amounts payable after more than one year | 17 | €613,261 | €69,913 | -€543,348 | -88.6% |
| Financial debts | 170/4 | €113,261 | €69,913 | -€43,348 | -38.3% |
| Other amounts payable | 178/9 | €500,000 | - | -€500,000 | |
| Amounts payable within one year | 42/48 | €245,157 | €277,931 | +€32,774 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €78,896 | €78,233 | -€663 | -0.8% |
| Trade debts | 44 | €13,582 | €59,623 | +€46,041 | +339.0% |
| Suppliers | 440/4 | €13,582 | €59,623 | +€46,041 | +339.0% |
| Taxes, remuneration and social security | 45 | €82,422 | €59,958 | -€22,464 | -27.3% |
| Taxes | 450/3 | €16,075 | €4,789 | -€11,285 | -70.2% |
| Remuneration and social security | 454/9 | €66,348 | €55,169 | -€11,179 | -16.8% |
| Other amounts payable | 47/48 | €70,256 | €80,117 | +€9,861 | +14.0% |
| Non-recurring operating income | 76A | - | €7,045 | +€7,045 | |
| Remuneration, social security and pensions | 62 | €846,026 | €923,267 | +€77,241 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,894 | €259,030 | -€15,864 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,155 | €4,400 | -€1,755 | -28.5% |
| Other operating charges | 640/8 | €20,249 | €11,785 | -€8,464 | -41.8% |
| Non-recurring operating charges | 66A | - | €2,101 | +€2,101 | |
| Gross operating margin | 9900 | €1,370,459 | €1,397,984 | +€27,526 | +2.0% |
| Operating profit (loss) | 9901 | €223,135 | €197,401 | -€25,734 | -11.5% |
| Financial income | 75/76B | €15,139 | €12,308 | -€2,830 | -18.7% |
| Recurring financial income | 75 | €15,139 | €12,308 | -€2,830 | -18.7% |
| Financial charges | 65/66B | €8,834 | €19,920 | +€11,085 | +125.5% |
| Recurring financial charges | 65 | €8,834 | €19,920 | +€11,085 | +125.5% |
| Profit (loss) for the period before taxes | 9903 | €229,439 | €189,789 | -€39,650 | -17.3% |
| Income taxes | 67/77 | €59,692 | €45,011 | -€14,681 | -24.6% |
| Profit (loss) for the period | 9904 | €169,747 | €144,778 | -€24,969 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €169,747 | €144,778 | -€24,969 | -14.7% |
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 11 October 2026 via checked.be.