Kandorama: 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.
Kandorama
Largest movements
- Receivables within one year +€58,429
up €58,429 (+91.5%), from €63,876 to €122,305
of which Other amounts receivable: +€33,367
- Tangible fixed assets -€42,565
down €42,565 (-26.0%), from €163,932 to €121,367
of which Furniture and vehicles: -€38,128
- Cash -€28,604
down €28,604 (-22.6%), from €126,788 to €98,185
mainly Receivables within one year (-€58,429) and Trade debts (-€51,397)
- Deferred charges and accrued income +€5,073
up €5,073, from €0 to €5,073
- Reserves +€59,221
up €59,221 (+22.8%), from €259,645 to €318,866
- Trade debts -€51,397
down €51,397 (-96.1%), from €53,502 to €2,105
- Debts after one year -€18,185
down €18,185 (-100%), from €18,185 to €0
- Gross operating margin -€62,325
down €62,325 (-29.5%), from €211,206 to €148,881
- Taxes -€25,660
down €25,660 (-52.1%), from €49,295 to €23,634
- Depreciation +€25,325
up €25,325 (+65.1%), from €38,911 to €64,236
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 | €354,596 | €346,930 | -€7,667 | -2.2% |
| Fixed assets | 21/28 | €163,932 | €121,367 | -€42,565 | -26.0% |
| Tangible fixed assets | 22/27 | €163,932 | €121,367 | -€42,565 | -26.0% |
| Plant, machinery and equipment | 23 | €43,184 | €38,747 | -€4,437 | -10.3% |
| Furniture and vehicles | 24 | €120,748 | €82,620 | -€38,128 | -31.6% |
| Current assets | 29/58 | €190,664 | €225,563 | +€34,899 | +18.3% |
| Amounts receivable within one year | 40/41 | €63,876 | €122,305 | +€58,429 | +91.5% |
| Trade receivables | 40 | €21,379 | €46,441 | +€25,062 | +117% |
| Other amounts receivable | 41 | €42,497 | €75,864 | +€33,367 | +78.5% |
| Cash at bank and in hand | 54/58 | €126,788 | €98,185 | -€28,604 | -22.6% |
| Deferred charges and accrued income | 490/1 | €0 | €5,073 | +€5,073 | |
| Total equity and liabilities | 10/49 | €354,596 | €346,930 | -€7,667 | -2.2% |
| Equity | 10/15 | €261,645 | €320,866 | +€59,221 | +22.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €259,645 | €318,866 | +€59,221 | +22.8% |
| Distributable reserves | 133 | €259,645 | €318,866 | +€59,221 | +22.8% |
| Amounts payable | 17/49 | €92,951 | €26,063 | -€66,888 | -72.0% |
| Amounts payable after more than one year | 17 | €18,185 | €0 | -€18,185 | -100% |
| Financial debts | 170/4 | €18,185 | €0 | -€18,185 | -100% |
| Amounts payable within one year | 42/48 | €74,767 | €26,063 | -€48,703 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €21,264 | €21,119 | -€146 | -0.7% |
| Trade debts | 44 | €53,502 | €2,105 | -€51,397 | -96.1% |
| Suppliers | 440/4 | €53,502 | €2,105 | -€51,397 | -96.1% |
| Taxes, remuneration and social security | 45 | €0 | €2,839 | +€2,839 | |
| Taxes | 450/3 | €0 | €2,839 | +€2,839 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,911 | €64,236 | +€25,325 | +65.1% |
| Other operating charges | 640/8 | €1,740 | €1,924 | +€184 | +10.6% |
| Gross operating margin | 9900 | €211,206 | €148,881 | -€62,325 | -29.5% |
| Operating profit (loss) | 9901 | €170,555 | €82,722 | -€87,833 | -51.5% |
| Financial income | 75/76B | €1,060 | €1,795 | +€735 | +69.3% |
| Recurring financial income | 75 | €1,060 | €1,795 | +€735 | +69.3% |
| Financial charges | 65/66B | €2,300 | €1,661 | -€639 | -27.8% |
| Recurring financial charges | 65 | €2,300 | €1,661 | -€639 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €169,315 | €82,856 | -€86,459 | -51.1% |
| Income taxes | 67/77 | €49,295 | €23,634 | -€25,660 | -52.1% |
| Profit (loss) for the period | 9904 | €120,020 | €59,221 | -€60,799 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €120,020 | €59,221 | -€60,799 | -50.7% |
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 20 October 2026 via checked.be.