KANCUM: 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.
KANCUM
Largest movements
- Tangible fixed assets +€716,296
up €716,296 (+48,356%), from €1,481 to €717,778
of which Land and buildings: +€713,287
- Cash +€19,060
up €19,060 (+143%), from €13,323 to €32,383
mainly Debts after one year (+€637,080) and Other debts (+€107,499)
- Receivables within one year +€16,008
up €16,008 (+90.1%), from €17,766 to €33,774
of which Trade receivables: +€14,632
- Debts after one year +€637,080
up €637,080 (+1,529%), from €41,668 to €678,748
- Other debts +€107,499
up €107,499 (+155%), from €69,432 to €176,931
- Current portion of long-term debt +€27,159
up €27,159 (+123%), from €21,997 to €49,156
- Profit (loss) carried forward -€15,032
down €15,032 (-9.1%), from €165,387 to €150,355
- Depreciation +€53,361
up €53,361 (+5,829%), from €915 to €54,276
- Financial income -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin +€37,096
up €37,096 (+115%), from €32,126 to €69,223
- Financial charges +€25,010
up €25,010 (+1,477%), from €1,693 to €26,703
- Taxes -€5,802
down €5,802 (-97.8%), from €5,934 to €132
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 | €332,630 | €1,085,862 | +€753,233 | +226% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €301,481 | €1,017,778 | +€716,296 | +238% |
| Tangible fixed assets | 22/27 | €1,481 | €717,778 | +€716,296 | +48,356% |
| Land and buildings | 22 | - | €713,287 | +€713,287 | |
| Plant, machinery and equipment | 23 | - | €3,582 | +€3,582 | |
| Furniture and vehicles | 24 | €1,481 | €909 | -€573 | -38.7% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €31,148 | €68,085 | +€36,936 | +119% |
| Amounts receivable within one year | 40/41 | €17,766 | €33,774 | +€16,008 | +90.1% |
| Trade receivables | 40 | €13,794 | €28,426 | +€14,632 | +106% |
| Other amounts receivable | 41 | €3,972 | €5,348 | +€1,376 | +34.6% |
| Cash at bank and in hand | 54/58 | €13,323 | €32,383 | +€19,060 | +143% |
| Deferred charges and accrued income | 490/1 | €59 | €1,928 | +€1,869 | +3,163% |
| Total equity and liabilities | 10/49 | €332,630 | €1,085,862 | +€753,233 | +226% |
| Equity | 10/15 | €190,487 | €175,455 | -€15,032 | -7.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,387 | €150,355 | -€15,032 | -9.1% |
| Amounts payable | 17/49 | €142,143 | €910,407 | +€768,265 | +540% |
| Amounts payable after more than one year | 17 | €41,668 | €678,748 | +€637,080 | +1,529% |
| Financial debts | 170/4 | €41,668 | €678,748 | +€637,080 | +1,529% |
| Amounts payable within one year | 42/48 | €98,475 | €231,659 | +€133,184 | +135% |
| Current portion of amounts payable after more than one year | 42 | €21,997 | €49,156 | +€27,159 | +123% |
| Trade debts | 44 | €6,297 | €3,365 | -€2,932 | -46.6% |
| Suppliers | 440/4 | €6,297 | €3,365 | -€2,932 | -46.6% |
| Taxes, remuneration and social security | 45 | €749 | €2,207 | +€1,458 | +195% |
| Taxes | 450/3 | €749 | €2,207 | +€1,458 | +195% |
| Other amounts payable | 47/48 | €69,432 | €176,931 | +€107,499 | +155% |
| Accrued charges and deferred income | 492/3 | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915 | €54,276 | +€53,361 | +5,829% |
| Other operating charges | 640/8 | €387 | €3,144 | +€2,756 | +712% |
| Gross operating margin | 9900 | €32,126 | €69,223 | +€37,096 | +115% |
| Operating profit (loss) | 9901 | €30,824 | €11,803 | -€19,021 | -61.7% |
| Financial income | 75/76B | €50,000 | €0 | -€50,000 | -100% |
| Recurring financial income | 75 | €50,000 | €0 | -€50,000 | -100% |
| Financial charges | 65/66B | €1,693 | €26,703 | +€25,010 | +1,477% |
| Recurring financial charges | 65 | €1,693 | €26,703 | +€25,010 | +1,477% |
| Profit (loss) for the period before taxes | 9903 | €79,131 | -€14,900 | -€94,031 | |
| Income taxes | 67/77 | €5,934 | €132 | -€5,802 | -97.8% |
| Profit (loss) for the period | 9904 | €73,196 | -€15,032 | -€88,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,196 | -€15,032 | -€88,228 |
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 16 October 2026 via checked.be.