KANGA: 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.
KANGA
Largest movements
- Receivables within one year +€42,098
up €42,098 (+46.5%), from €90,480 to €132,578
of which Other amounts receivable: +€43,866
- Cash -€40,498
down €40,498 (-89.0%), from €45,519 to €5,021
mainly Receivables within one year (-€42,098) and Tax, wage and social debts (-€13,214)
- Intangible fixed assets -€6,500
down €6,500 (-25.0%), from €26,000 to €19,500
- Tangible fixed assets -€6,372
down €6,372 (-23.8%), from €26,785 to €20,413
of which Plant, machinery and equipment: -€6,649
- Tax, wage and social debts -€13,214
down €13,214 (-51.5%), from €25,654 to €12,440
- Short-term financial debts +€12,482
up €12,482 (+278.9%), from €4,476 to €16,958
- Profit (loss) carried forward -€9,182
down €9,182 (-12.7%), from €72,134 to €62,952
- Accrued charges and deferred income +€2,994
up €2,994 (+22.8%), from €13,117 to €16,111
- Reserves -€2,761
down €2,761 (-59.8%), from €4,620 to €1,859
of which Tax-exempt reserves: -€2,761
- Gross operating margin -€23,912
down €23,912 (-11.5%), from €207,896 to €183,985
- Staff costs +€18,977
up €18,977 (+13.9%), from €136,067 to €155,043
- Taxes -€9,157
down €9,157 (-90.2%), from €10,152 to €994
- Financial charges +€6,792
up €6,792 (+46.1%), from €14,739 to €21,531
- Financial income +€2,105
up €2,105 (+82.5%), from €2,550 to €4,655
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 | €192,976 | €181,391 | -€11,586 | -6.0% |
| Fixed assets | 21/28 | €52,985 | €40,113 | -€12,872 | -24.3% |
| Intangible fixed assets | 21 | €26,000 | €19,500 | -€6,500 | -25.0% |
| Tangible fixed assets | 22/27 | €26,785 | €20,413 | -€6,372 | -23.8% |
| Plant, machinery and equipment | 23 | €25,045 | €18,396 | -€6,649 | -26.5% |
| Furniture and vehicles | 24 | €1,740 | €2,017 | +€277 | +15.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €139,991 | €141,278 | +€1,287 | +0.9% |
| Stocks and contracts in progress | 3 | €3,992 | €3,679 | -€313 | -7.8% |
| Stocks | 30/36 | €3,992 | €3,679 | -€313 | -7.8% |
| Amounts receivable within one year | 40/41 | €90,480 | €132,578 | +€42,098 | +46.5% |
| Trade receivables | 40 | €1,768 | - | -€1,768 | |
| Other amounts receivable | 41 | €88,713 | €132,578 | +€43,866 | +49.4% |
| Cash at bank and in hand | 54/58 | €45,519 | €5,021 | -€40,498 | -89.0% |
| Total equity and liabilities | 10/49 | €192,976 | €181,391 | -€11,586 | -6.0% |
| Equity | 10/15 | €101,554 | €89,612 | -€11,943 | -11.8% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €4,620 | €1,859 | -€2,761 | -59.8% |
| Tax-exempt reserves | 132 | €2,761 | - | -€2,761 | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,134 | €62,952 | -€9,182 | -12.7% |
| Amounts payable | 17/49 | €91,422 | €91,779 | +€357 | +0.4% |
| Amounts payable within one year | 42/48 | €78,305 | €75,668 | -€2,637 | -3.4% |
| Financial debts | 43 | €4,476 | €16,958 | +€12,482 | +278.9% |
| Credit institutions | 430/8 | €4,476 | €16,958 | +€12,482 | +278.9% |
| Trade debts | 44 | €46,821 | €44,917 | -€1,905 | -4.1% |
| Suppliers | 440/4 | €46,821 | €44,917 | -€1,905 | -4.1% |
| Taxes, remuneration and social security | 45 | €25,654 | €12,440 | -€13,214 | -51.5% |
| Taxes | 450/3 | €25,654 | €12,440 | -€13,214 | -51.5% |
| Other amounts payable | 47/48 | €1,354 | €1,354 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,117 | €16,111 | +€2,994 | +22.8% |
| Non-recurring operating income | 76A | €10,950 | - | -€10,950 | |
| Remuneration, social security and pensions | 62 | €136,067 | €155,043 | +€18,977 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,018 | €19,063 | +€1,045 | +5.8% |
| Other operating charges | 640/8 | €5,054 | €3,951 | -€1,103 | -21.8% |
| Gross operating margin | 9900 | €207,896 | €183,985 | -€23,912 | -11.5% |
| Operating profit (loss) | 9901 | €48,758 | €5,928 | -€42,830 | -87.8% |
| Financial income | 75/76B | €2,550 | €4,655 | +€2,105 | +82.5% |
| Recurring financial income | 75 | €2,550 | €4,655 | +€2,105 | +82.5% |
| Financial charges | 65/66B | €14,739 | €21,531 | +€6,792 | +46.1% |
| Recurring financial charges | 65 | €14,739 | €21,531 | +€6,792 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €36,570 | -€10,948 | -€47,518 | |
| Income taxes | 67/77 | €10,152 | €994 | -€9,157 | -90.2% |
| Profit (loss) for the period | 9904 | €26,418 | -€11,943 | -€38,361 | |
| Transfer from tax-exempt reserves | 789 | - | €2,761 | +€2,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,418 | -€9,182 | -€35,600 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.