Kanero: 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.
Kanero
Largest movements
- Tangible fixed assets +€15,321
up €15,321 (+66.2%), from €23,147 to €38,468
of which Other tangible fixed assets: +€9,407
- Receivables within one year +€7,834
up €7,834 (+22.3%), from €35,115 to €42,949
- Cash +€3,293
up €3,293 (+7.5%), from €44,075 to €47,368
mainly Net result for the year (+€33,069) and Depreciation (+€13,449)
- Reserves +€33,069
up €33,069 (+46.0%), from €71,904 to €104,973
- Other debts -€3,857
down €3,857 (-99.8%), from €3,863 to €6
- Tax, wage and social debts -€2,651
down €2,651 (-33.5%), from €7,915 to €5,264
of which Taxes: -€2,699
- Gross operating margin +€13,886
up €13,886 (+27.4%), from €50,759 to €64,645
- Depreciation +€6,285
up €6,285 (+87.7%), from €7,164 to €13,449
- Taxes +€2,301
up €2,301 (+17.1%), from €13,434 to €15,735
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 | €104,501 | €131,455 | +€26,955 | +25.8% |
| Fixed assets | 21/28 | €23,147 | €38,468 | +€15,321 | +66.2% |
| Tangible fixed assets | 22/27 | €23,147 | €38,468 | +€15,321 | +66.2% |
| Plant, machinery and equipment | 23 | €11,002 | €13,495 | +€2,493 | +22.7% |
| Furniture and vehicles | 24 | €6,320 | €9,741 | +€3,421 | +54.1% |
| Other tangible fixed assets | 26 | €5,825 | €15,232 | +€9,407 | +161% |
| Current assets | 29/58 | €81,353 | €92,987 | +€11,634 | +14.3% |
| Amounts receivable within one year | 40/41 | €35,115 | €42,949 | +€7,834 | +22.3% |
| Trade receivables | 40 | €35,115 | €42,949 | +€7,834 | +22.3% |
| Cash at bank and in hand | 54/58 | €44,075 | €47,368 | +€3,293 | +7.5% |
| Deferred charges and accrued income | 490/1 | €2,163 | €2,670 | +€507 | +23.4% |
| Total equity and liabilities | 10/49 | €104,501 | €131,455 | +€26,955 | +25.8% |
| Equity | 10/15 | €90,573 | €123,642 | +€33,069 | +36.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,904 | €104,973 | +€33,069 | +46.0% |
| Distributable reserves | 133 | €71,904 | €104,973 | +€33,069 | +46.0% |
| Profit (loss) carried forward | 14 | €68 | €68 | = | 0.0% |
| Amounts payable | 17/49 | €13,928 | €7,814 | -€6,114 | -43.9% |
| Amounts payable within one year | 42/48 | €13,928 | €7,814 | -€6,114 | -43.9% |
| Trade debts | 44 | €2,150 | €2,543 | +€393 | +18.3% |
| Suppliers | 440/4 | €2,150 | €2,543 | +€393 | +18.3% |
| Taxes, remuneration and social security | 45 | €7,915 | €5,264 | -€2,651 | -33.5% |
| Taxes | 450/3 | €3,434 | €735 | -€2,699 | -78.6% |
| Remuneration and social security | 454/9 | €4,481 | €4,529 | +€48 | +1.1% |
| Other amounts payable | 47/48 | €3,863 | €6 | -€3,857 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,164 | €13,449 | +€6,285 | +87.7% |
| Other operating charges | 640/8 | €1,548 | €1,759 | +€212 | +13.7% |
| Gross operating margin | 9900 | €50,759 | €64,645 | +€13,886 | +27.4% |
| Operating profit (loss) | 9901 | €42,048 | €49,437 | +€7,389 | +17.6% |
| Financial charges | 65/66B | €687 | €633 | -€53 | -7.8% |
| Recurring financial charges | 65 | €687 | €633 | -€53 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €41,361 | €48,804 | +€7,443 | +18.0% |
| Income taxes | 67/77 | €13,434 | €15,735 | +€2,301 | +17.1% |
| Profit (loss) for the period | 9904 | €27,928 | €33,069 | +€5,141 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,928 | €33,069 | +€5,141 | +18.4% |
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 31 October 2026 via checked.be.