Kanelupa: 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.
Kanelupa
Largest movements
- Receivables within one year +€38,594
up €38,594 (+62.9%), from €61,354 to €99,948
of which Other amounts receivable: +€61,506
- Deferred charges and accrued income +€25,031
up €25,031 (+348%), from €7,195 to €32,226
- Tangible fixed assets -€18,314
down €18,314 (-25.6%), from €71,580 to €53,266
of which Furniture and vehicles: -€17,955
- Cash +€16,323
up €16,323 (+11.8%), from €138,343 to €154,666
mainly Net result for the year (+€82,613) and Depreciation (+€18,314)
- Reserves +€82,613
up €82,613 (+43.3%), from €190,626 to €273,239
- Debts after one year -€14,173
down €14,173 (-31.8%), from €44,523 to €30,350
- Tax, wage and social debts -€3,704
down €3,704 (-18.0%), from €20,619 to €16,915
- Gross operating margin +€46,341
up €46,341 (+55.3%), from €83,835 to €130,176
- Taxes +€11,897
up €11,897 (+70.3%), from €16,915 to €28,812
- Financial income +€1,434
up €1,434 (+80.3%), from €1,785 to €3,219
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 | €278,472 | €340,106 | +€61,634 | +22.1% |
| Fixed assets | 21/28 | €71,580 | €53,266 | -€18,314 | -25.6% |
| Tangible fixed assets | 22/27 | €71,580 | €53,266 | -€18,314 | -25.6% |
| Plant, machinery and equipment | 23 | €1,407 | €1,047 | -€359 | -25.5% |
| Furniture and vehicles | 24 | €66,320 | €48,366 | -€17,955 | -27.1% |
| Other tangible fixed assets | 26 | €3,853 | €3,853 | = | 0.0% |
| Current assets | 29/58 | €206,892 | €286,839 | +€79,948 | +38.6% |
| Amounts receivable within one year | 40/41 | €61,354 | €99,948 | +€38,594 | +62.9% |
| Trade receivables | 40 | €22,912 | - | -€22,912 | |
| Other amounts receivable | 41 | €38,442 | €99,948 | +€61,506 | +160% |
| Cash at bank and in hand | 54/58 | €138,343 | €154,666 | +€16,323 | +11.8% |
| Deferred charges and accrued income | 490/1 | €7,195 | €32,226 | +€25,031 | +348% |
| Total equity and liabilities | 10/49 | €278,472 | €340,106 | +€61,634 | +22.1% |
| Equity | 10/15 | €195,626 | €278,239 | +€82,613 | +42.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €190,626 | €273,239 | +€82,613 | +43.3% |
| Distributable reserves | 133 | €190,626 | €273,239 | +€82,613 | +43.3% |
| Amounts payable | 17/49 | €82,846 | €61,866 | -€20,979 | -25.3% |
| Amounts payable after more than one year | 17 | €44,523 | €30,350 | -€14,173 | -31.8% |
| Financial debts | 170/4 | €44,523 | €30,350 | -€14,173 | -31.8% |
| Amounts payable within one year | 42/48 | €37,527 | €31,516 | -€6,011 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €13,543 | €14,173 | +€629 | +4.6% |
| Trade debts | 44 | €3,364 | €428 | -€2,936 | -87.3% |
| Suppliers | 440/4 | €3,364 | €428 | -€2,936 | -87.3% |
| Taxes, remuneration and social security | 45 | €20,619 | €16,915 | -€3,704 | -18.0% |
| Taxes | 450/3 | €20,619 | €16,915 | -€3,704 | -18.0% |
| Accrued charges and deferred income | 492/3 | €796 | - | -€796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,885 | €18,314 | +€429 | +2.4% |
| Other operating charges | 640/8 | €387 | €836 | +€448 | +116% |
| Gross operating margin | 9900 | €83,835 | €130,176 | +€46,341 | +55.3% |
| Operating profit (loss) | 9901 | €65,562 | €111,026 | +€45,464 | +69.3% |
| Financial income | 75/76B | €1,785 | €3,219 | +€1,434 | +80.3% |
| Recurring financial income | 75 | €1,785 | €3,219 | +€1,434 | +80.3% |
| Financial charges | 65/66B | €3,234 | €2,820 | -€414 | -12.8% |
| Recurring financial charges | 65 | €3,234 | €2,820 | -€414 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €64,113 | €111,426 | +€47,313 | +73.8% |
| Income taxes | 67/77 | €16,915 | €28,812 | +€11,897 | +70.3% |
| Profit (loss) for the period | 9904 | €47,198 | €82,613 | +€35,416 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,198 | €82,613 | +€35,416 | +75.0% |
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 23 October 2026 via checked.be.