KANEMAN: what changed
Two fiscal 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.
KANEMAN
Largest movements
- Tangible fixed assets +€280,391
up €280,391 (+1616.8%), from €17,342 to €297,733
of which Land and buildings: +€285,913
- Receivables within one year -€37,268
down €37,268 (-99.2%), from €37,572 to €304
of which Trade receivables: -€37,304
- Cash -€12,078
down €12,078 (-32.2%), from €37,509 to €25,432
mainly Investment in fixed assets (net) (-€301,130) and Net result for the year (-€13,364)
- Deferred charges and accrued income +€6,565
up €6,565 (+547.0%), from €1,200 to €7,765
- Debts after one year +€207,614
new in 2025: €207,614
- Other debts +€44,106
up €44,106 (+480.0%), from €9,189 to €53,295
- Profit (loss) carried forward -€13,364
down €13,364 (-39.2%), from €34,094 to €20,730
- Current portion of long-term debt +€11,853
new in 2025: €11,853
- Tax, wage and social debts -€6,576
down €6,576 (-28.8%), from €22,810 to €16,234
of which Taxes: -€4,553
- Depreciation +€10,648
up €10,648 (+105.5%), from €10,091 to €20,739
- Financial charges +€8,262
up €8,262 (+390.3%), from €2,117 to €10,378
- Staff costs +€6,036
up €6,036 (+5.1%), from €119,427 to €125,463
- Taxes -€3,250
down €3,250 (-89.0%), from €3,653 to €403
- Gross operating margin +€3,179
up €3,179 (+2.3%), from €141,081 to €144,261
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 | €96,850 | €335,203 | +€238,354 | +246.1% |
| Fixed assets | 21/28 | €17,342 | €297,733 | +€280,391 | +1616.8% |
| Tangible fixed assets | 22/27 | €17,342 | €297,733 | +€280,391 | +1616.8% |
| Land and buildings | 22 | - | €285,913 | +€285,913 | |
| Plant, machinery and equipment | 23 | €6,583 | €5,520 | -€1,063 | -16.2% |
| Furniture and vehicles | 24 | €337 | €897 | +€560 | +166.2% |
| Other tangible fixed assets | 26 | €10,422 | €5,404 | -€5,018 | -48.1% |
| Current assets | 29/58 | €79,508 | €37,470 | -€42,038 | -52.9% |
| Stocks and contracts in progress | 3 | €3,227 | €3,969 | +€743 | +23.0% |
| Stocks | 30/36 | €3,227 | €3,969 | +€743 | +23.0% |
| Amounts receivable within one year | 40/41 | €37,572 | €304 | -€37,268 | -99.2% |
| Trade receivables | 40 | €37,304 | €0 | -€37,304 | -100.0% |
| Other amounts receivable | 41 | €268 | €304 | +€37 | +13.7% |
| Cash at bank and in hand | 54/58 | €37,509 | €25,432 | -€12,078 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,200 | €7,765 | +€6,565 | +547.0% |
| Total equity and liabilities | 10/49 | €96,850 | €335,203 | +€238,354 | +246.1% |
| Equity | 10/15 | €54,554 | €41,190 | -€13,364 | -24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,094 | €20,730 | -€13,364 | -39.2% |
| Amounts payable | 17/49 | €42,296 | €294,013 | +€251,718 | +595.1% |
| Amounts payable after more than one year | 17 | - | €207,614 | +€207,614 | |
| Financial debts | 170/4 | - | €207,614 | +€207,614 | |
| Amounts payable within one year | 42/48 | €42,296 | €86,399 | +€44,104 | +104.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,853 | +€11,853 | |
| Trade debts | 44 | €10,296 | €5,017 | -€5,279 | -51.3% |
| Suppliers | 440/4 | €10,296 | €5,017 | -€5,279 | -51.3% |
| Taxes, remuneration and social security | 45 | €22,810 | €16,234 | -€6,576 | -28.8% |
| Taxes | 450/3 | €11,211 | €6,658 | -€4,553 | -40.6% |
| Remuneration and social security | 454/9 | €11,599 | €9,575 | -€2,023 | -17.4% |
| Other amounts payable | 47/48 | €9,189 | €53,295 | +€44,106 | +480.0% |
| Remuneration, social security and pensions | 62 | €119,427 | €125,463 | +€6,036 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,091 | €20,739 | +€10,648 | +105.5% |
| Other operating charges | 640/8 | €1,062 | €673 | -€390 | -36.7% |
| Gross operating margin | 9900 | €141,081 | €144,261 | +€3,179 | +2.3% |
| Operating profit (loss) | 9901 | €10,502 | -€2,613 | -€13,116 | |
| Financial income | 75/76B | €19 | €31 | +€12 | +64.3% |
| Recurring financial income | 75 | €19 | €31 | +€12 | +64.3% |
| Financial charges | 65/66B | €2,117 | €10,378 | +€8,262 | +390.3% |
| Recurring financial charges | 65 | €2,117 | €10,378 | +€8,262 | +390.3% |
| Profit (loss) for the period before taxes | 9903 | €8,404 | -€12,961 | -€21,365 | |
| Income taxes | 67/77 | €3,653 | €403 | -€3,250 | -89.0% |
| Profit (loss) for the period | 9904 | €4,751 | -€13,364 | -€18,115 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,751 | -€13,364 | -€18,115 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.