KANESHA: 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.
KANESHA
Largest movements
- Cash -€12,655
down €12,655 (-43.7%), from €28,973 to €16,318
mainly Investment in fixed assets (net) (-€17,000) and Tax, wage and social debts (-€9,791)
- Tangible fixed assets -€2,505
down €2,505 (-5.0%), from €49,995 to €47,490
of which Furniture and vehicles: -€10,944
- Deferred charges and accrued income -€917
down €917 (-25.8%), from €3,561 to €2,643
- Tax, wage and social debts -€9,791
down €9,791 (-81.0%), from €12,087 to €2,296
of which Taxes: -€6,821
- Profit (loss) carried forward -€7,784
down €7,784 (-85.4%), from -€9,112 to -€16,896
- Other debts +€6,786
up €6,786 (+30.3%), from €22,374 to €29,161
- Current portion of long-term debt -€2,205
down €2,205 (-18.1%), from €12,167 to €9,962
- Accrued charges and deferred income -€1,714
down €1,714 (-100%), from €1,714 to €0
- Financial charges -€1,893
down €1,893 (-55.1%), from €3,437 to €1,544
- Gross operating margin -€1,734
down €1,734 (-10.6%), from €16,316 to €14,582
- Depreciation -€1,089
down €1,089 (-5.1%), from €21,234 to €20,145
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 | €87,238 | €70,494 | -€16,744 | -19.2% |
| Fixed assets | 21/28 | €52,008 | €48,863 | -€3,145 | -6.0% |
| Intangible fixed assets | 21 | €2,013 | €1,373 | -€640 | -31.8% |
| Tangible fixed assets | 22/27 | €49,995 | €47,490 | -€2,505 | -5.0% |
| Plant, machinery and equipment | 23 | €5,435 | €14,364 | +€8,929 | +164% |
| Furniture and vehicles | 24 | €41,577 | €30,633 | -€10,944 | -26.3% |
| Other tangible fixed assets | 26 | €2,983 | €2,493 | -€490 | -16.4% |
| Current assets | 29/58 | €35,230 | €21,631 | -€13,599 | -38.6% |
| Stocks and contracts in progress | 3 | €363 | €326 | -€37 | -10.1% |
| Stocks | 30/36 | €363 | €326 | -€37 | -10.1% |
| Amounts receivable within one year | 40/41 | €2,334 | €2,344 | +€10 | +0.4% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €2,334 | €2,344 | +€10 | +0.4% |
| Cash at bank and in hand | 54/58 | €28,973 | €16,318 | -€12,655 | -43.7% |
| Deferred charges and accrued income | 490/1 | €3,561 | €2,643 | -€917 | -25.8% |
| Total equity and liabilities | 10/49 | €87,238 | €70,494 | -€16,744 | -19.2% |
| Equity | 10/15 | €18,912 | €11,128 | -€7,784 | -41.2% |
| Contributions | 10/11 | €7,800 | €7,800 | = | 0.0% |
| Reserves | 13 | €20,223 | €20,223 | = | 0.0% |
| Distributable reserves | 133 | €20,223 | €20,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,112 | -€16,896 | -€7,784 | -85.4% |
| Amounts payable | 17/49 | €68,327 | €59,367 | -€8,960 | -13.1% |
| Amounts payable after more than one year | 17 | €18,284 | €17,763 | -€521 | -2.8% |
| Financial debts | 170/4 | €18,284 | €17,763 | -€521 | -2.8% |
| Amounts payable within one year | 42/48 | €48,328 | €41,603 | -€6,725 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €12,167 | €9,962 | -€2,205 | -18.1% |
| Trade debts | 44 | €1,660 | €144 | -€1,515 | -91.3% |
| Suppliers | 440/4 | €1,660 | €144 | -€1,515 | -91.3% |
| Advances received on contracts in progress | 46 | €40 | €40 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,087 | €2,296 | -€9,791 | -81.0% |
| Taxes | 450/3 | €9,117 | €2,296 | -€6,821 | -74.8% |
| Remuneration and social security | 454/9 | €2,970 | €0 | -€2,970 | -100% |
| Other amounts payable | 47/48 | €22,374 | €29,161 | +€6,786 | +30.3% |
| Accrued charges and deferred income | 492/3 | €1,714 | €0 | -€1,714 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,234 | €20,145 | -€1,089 | -5.1% |
| Other operating charges | 640/8 | €591 | €544 | -€47 | -8.0% |
| Gross operating margin | 9900 | €16,316 | €14,582 | -€1,734 | -10.6% |
| Operating profit (loss) | 9901 | -€5,509 | -€6,107 | -€598 | -10.9% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €3,437 | €1,544 | -€1,893 | -55.1% |
| Recurring financial charges | 65 | €3,437 | €1,544 | -€1,893 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,946 | -€7,628 | +€1,317 | +14.7% |
| Income taxes | 67/77 | €166 | €156 | -€10 | -6.1% |
| Profit (loss) for the period | 9904 | -€9,112 | -€7,784 | +€1,327 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,112 | -€7,784 | +€1,327 | +14.6% |
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.