KANARD: 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.
KANARD
Largest movements
- Tangible fixed assets -€604
down €604 (-89.4%), from €675 to €72
of which Plant, machinery and equipment: -€496
- Cash -€256
down €256 (-1.9%), from €13,191 to €12,935
mainly Trade debts (-€471) and Tax, wage and social debts (-€243)
- Trade debts -€471
down €471 (-75.0%), from €629 to €158
- Tax, wage and social debts -€243
down €243 (-12.8%), from €1,909 to €1,665
- Profit (loss) carried forward -€217
down €217 (-3.2%), from -€6,684 to -€6,901
- Gross operating margin -€8,621
down €8,621 (-85.0%), from €10,141 to €1,520
- Financial charges -€1,349
down €1,349 (-58.9%), from €2,288 to €940
- Depreciation -€237
down €237 (-28.2%), from €841 to €604
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 | €14,453 | €13,522 | -€932 | -6.4% |
| Fixed assets | 21/28 | €675 | €72 | -€604 | -89.4% |
| Tangible fixed assets | 22/27 | €675 | €72 | -€604 | -89.4% |
| Plant, machinery and equipment | 23 | €496 | - | -€496 | |
| Furniture and vehicles | 24 | €179 | €72 | -€107 | -60.0% |
| Current assets | 29/58 | €13,778 | €13,450 | -€328 | -2.4% |
| Amounts receivable within one year | 40/41 | €587 | €515 | -€72 | -12.3% |
| Other amounts receivable | 41 | €587 | €515 | -€72 | -12.3% |
| Cash at bank and in hand | 54/58 | €13,191 | €12,935 | -€256 | -1.9% |
| Total equity and liabilities | 10/49 | €14,453 | €13,522 | -€932 | -6.4% |
| Equity | 10/15 | €11,916 | €11,699 | -€217 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,684 | -€6,901 | -€217 | -3.2% |
| Amounts payable | 17/49 | €2,537 | €1,823 | -€715 | -28.2% |
| Amounts payable within one year | 42/48 | €2,537 | €1,823 | -€715 | -28.2% |
| Trade debts | 44 | €629 | €158 | -€471 | -75.0% |
| Suppliers | 440/4 | €629 | €158 | -€471 | -75.0% |
| Taxes, remuneration and social security | 45 | €1,909 | €1,665 | -€243 | -12.8% |
| Taxes | 450/3 | €1,909 | €1,665 | -€243 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841 | €604 | -€237 | -28.2% |
| Other operating charges | 640/8 | €126 | €194 | +€68 | +53.7% |
| Gross operating margin | 9900 | €10,141 | €1,520 | -€8,621 | -85.0% |
| Operating profit (loss) | 9901 | €9,174 | €723 | -€8,452 | -92.1% |
| Financial charges | 65/66B | €2,288 | €940 | -€1,349 | -58.9% |
| Recurring financial charges | 65 | €2,288 | €940 | -€1,349 | -58.9% |
| Profit (loss) for the period before taxes | 9903 | €6,886 | -€217 | -€7,103 | |
| Profit (loss) for the period | 9904 | €6,886 | -€217 | -€7,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,886 | -€217 | -€7,103 |
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 12 October 2026 via checked.be.