KANDOUR SRL: 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.
What changed
KANDOUR SRL
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€132,166
2024 · €164,114-€31,948
Equity
€456,155
2024 · €463,989-€7,834
Cash
€130,525
2024 · €6,043+€124,482
Balance sheet total
€621,940
2024 · €494,369+€127,571
Largest movements
Assets
- Cash +€124,482
up €124,482 (+2,060%), from €6,043 to €130,525
mainly Net result for the year (+€132,166) and Other debts (+€116,554)
- Financial fixed assets -€10,350
down €10,350 (-2.3%), from €446,026 to €435,676
- Receivables within one year +€10,237
up €10,237 (+43.1%), from €23,728 to €33,964
of which Trade receivables: +€12,490
Equity and liabilities
- Other debts +€116,554
up €116,554 (+2,041%), from €5,711 to €122,264
- Tax, wage and social debts +€20,717
up €20,717 (+117%), from €17,690 to €38,407
of which Taxes: +€22,529
- Profit (loss) carried forward -€7,834
down €7,834 (-1.7%), from €458,989 to €451,155
Income statement
- Turnover +€249,396
new in 2025: €249,396
- Gross operating margin -€167,991
no longer reported in 2025 (was €167,991)
- Services and other goods +€72,876
new in 2025: €72,876
- Financial income -€40,491
down €40,491 (-97.6%), from €41,491 to €1,000
- Taxes +€2,957
up €2,957 (+7.1%), from €41,761 to €44,718
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.
Result 2024
€164,114
Turnover
+€249,396
Other operating income
+€1,857
Services and other goods
-€72,876
Depreciation
-€523
Other operating charges
-€4
Other operating items
-€167,991
Financial income
-€40,491
Financial charges
+€1,640
Taxes
-€2,957
Result 2025
€132,166
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€258,081
Investment
+€6,400
Financing
-€139,999
Cash 2024
€6,043
From operations (derived)
+€258,081
Net result for the year
+€132,166
Depreciation
+€1,206
Receivables within one year
-€10,237
Deferred charges and accrued income
-€459
Trade debts
-€1,502
Tax, wage and social debts
+€20,717
Other debts
+€116,554
Accrued charges and deferred income
-€364
Investment (derived)
+€6,400
Investment in fixed assets (net)
+€6,400
Financing
-€139,999
Current portion of long-term debt
-€2,547
Short-term financial debts
+€2,548
Contributions, distributions and other
-€140,000
Cash 2025
€130,525
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €494,369 | €621,940 | +€127,571 | +25.8% |
| Fixed assets | 21/28 | €447,323 | €439,717 | -€7,606 | -1.7% |
| Tangible fixed assets | 22/27 | €1,297 | €4,041 | +€2,744 | +211% |
| Furniture and vehicles | 24 | €1,297 | €4,041 | +€2,744 | +211% |
| Financial fixed assets | 28 | €446,026 | €435,676 | -€10,350 | -2.3% |
| Companies linked by participating interests | 282/3 | - | €435,675 | +€435,675 | |
| Participating interests | 282 | - | €435,675 | +€435,675 | |
| Other financial fixed assets | 284/8 | - | €1 | +€1 | |
| Shares | 284 | - | €1 | +€1 | |
| Current assets | 29/58 | €47,045 | €182,223 | +€135,177 | +287% |
| Amounts receivable after more than one year | 29 | €16,667 | €16,667 | = | 0.0% |
| Other amounts receivable | 291 | €16,667 | €16,667 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €23,728 | €33,964 | +€10,237 | +43.1% |
| Trade receivables | 40 | €21,474 | €33,964 | +€12,490 | +58.2% |
| Other amounts receivable | 41 | €2,253 | €0 | -€2,253 | -100% |
| Cash at bank and in hand | 54/58 | €6,043 | €130,525 | +€124,482 | +2,060% |
| Deferred charges and accrued income | 490/1 | €608 | €1,066 | +€459 | +75.5% |
| Total equity and liabilities | 10/49 | €494,369 | €621,940 | +€127,571 | +25.8% |
| Equity | 10/15 | €463,989 | €456,155 | -€7,834 | -1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458,989 | €451,155 | -€7,834 | -1.7% |
| Amounts payable | 17/49 | €30,379 | €165,785 | +€135,406 | +446% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,015 | €165,785 | +€135,769 | +452% |
| Current portion of amounts payable after more than one year | 42 | €2,547 | €0 | -€2,547 | -100% |
| Financial debts | 43 | - | €2,548 | +€2,548 | |
| Credit institutions | 430/8 | - | €2,548 | +€2,548 | |
| Trade debts | 44 | €4,068 | €2,565 | -€1,502 | -36.9% |
| Suppliers | 440/4 | €4,068 | €2,565 | -€1,502 | -36.9% |
| Taxes, remuneration and social security | 45 | €17,690 | €38,407 | +€20,717 | +117% |
| Taxes | 450/3 | €14,878 | €37,407 | +€22,529 | +151% |
| Remuneration and social security | 454/9 | €2,812 | €1,000 | -€1,812 | -64.4% |
| Other amounts payable | 47/48 | €5,711 | €122,264 | +€116,554 | +2,041% |
| Accrued charges and deferred income | 492/3 | €364 | €0 | -€364 | -100% |
| Operating income | 70/76A | - | €251,253 | +€251,253 | |
| Turnover | 70 | - | €249,396 | +€249,396 | |
| Other operating income | 74 | - | €1,857 | +€1,857 | |
| Operating charges | 60/66A | - | €74,181 | +€74,181 | |
| Services and other goods | 61 | - | €72,876 | +€72,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €1,206 | +€523 | +76.5% |
| Other operating charges | 640/8 | €95 | €99 | +€4 | +4.4% |
| Gross operating margin | 9900 | €167,991 | - | -€167,991 | |
| Operating profit (loss) | 9901 | €167,213 | €177,072 | +€9,859 | +5.9% |
| Financial income | 75/76B | €41,491 | €1,000 | -€40,491 | -97.6% |
| Recurring financial income | 75 | €41,491 | €1,000 | -€40,491 | -97.6% |
| Income from financial fixed assets | 750 | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €2,828 | €1,188 | -€1,640 | -58.0% |
| Recurring financial charges | 65 | €2,828 | €1,188 | -€1,640 | -58.0% |
| Debt charges | 650 | - | €1,098 | +€1,098 | |
| Other financial charges | 652/9 | - | €90 | +€90 | |
| Profit (loss) for the period before taxes | 9903 | €205,875 | €176,884 | -€28,991 | -14.1% |
| Income taxes | 67/77 | €41,761 | €44,718 | +€2,957 | +7.1% |
| Taxes | 670/3 | - | €44,718 | +€44,718 | |
| Profit (loss) for the period | 9904 | €164,114 | €132,166 | -€31,948 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €164,114 | €132,166 | -€31,948 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.