KANGOR: 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.
KANGOR
Largest movements
- Cash -€70,976
down €70,976 (-38.6%), from €183,708 to €112,732
mainly Net result for the year (-€66,670) and Investment in fixed assets (net) (-€10,857)
- Profit (loss) carried forward -€66,670
down €66,670 (-51.1%), from -€130,518 to -€197,188
- Gross operating margin -€23,139
down €23,139, from €6,790 to -€16,349
- Financial charges -€6,714
down €6,714 (-18.4%), from €36,584 to €29,870
- Other operating charges +€3,632
up €3,632 (+378.4%), from €960 to €4,592
- Depreciation +€533
up €533 (+3.5%), from €15,326 to €15,859
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 | €3,155,909 | €3,081,800 | -€74,109 | -2.3% |
| Fixed assets | 21/28 | €2,961,098 | €2,956,096 | -€5,002 | -0.2% |
| Tangible fixed assets | 22/27 | €486,098 | €481,096 | -€5,002 | -1.0% |
| Land and buildings | 22 | €486,098 | €481,096 | -€5,002 | -1.0% |
| Financial fixed assets | 28 | €2,475,000 | €2,475,000 | = | 0.0% |
| Current assets | 29/58 | €194,811 | €125,704 | -€69,107 | -35.5% |
| Amounts receivable within one year | 40/41 | €11,103 | €12,972 | +€1,869 | +16.8% |
| Other amounts receivable | 41 | €11,103 | €12,972 | +€1,869 | +16.8% |
| Cash at bank and in hand | 54/58 | €183,708 | €112,732 | -€70,976 | -38.6% |
| Total equity and liabilities | 10/49 | €3,155,909 | €3,081,800 | -€74,109 | -2.3% |
| Equity | 10/15 | €2,359,482 | €2,292,812 | -€66,670 | -2.8% |
| Contributions | 10/11 | €2,490,000 | €2,490,000 | = | 0.0% |
| Capital | 10 | €2,490,000 | - | -€2.5m | |
| Issued capital | 100 | €2,490,000 | - | -€2.5m | |
| Outside capital | 11 | - | €2,490,000 | +€2.5m | |
| Other | 1109/19 | - | €2,490,000 | +€2.5m | |
| Profit (loss) carried forward | 14 | -€130,518 | -€197,188 | -€66,670 | -51.1% |
| Amounts payable | 17/49 | €796,427 | €788,988 | -€7,439 | -0.9% |
| Amounts payable after more than one year | 17 | €756,644 | €756,644 | = | 0.0% |
| Financial debts | 170/4 | €756,644 | €756,644 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,783 | €32,344 | -€7,439 | -18.7% |
| Trade debts | 44 | €3,352 | €2,662 | -€690 | -20.6% |
| Suppliers | 440/4 | €3,352 | €2,662 | -€690 | -20.6% |
| Other amounts payable | 47/48 | €36,431 | €29,683 | -€6,748 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,326 | €15,859 | +€533 | +3.5% |
| Other operating charges | 640/8 | €960 | €4,592 | +€3,632 | +378.4% |
| Gross operating margin | 9900 | €6,790 | -€16,349 | -€23,139 | |
| Operating profit (loss) | 9901 | -€9,496 | -€36,800 | -€27,304 | -287.5% |
| Financial charges | 65/66B | €36,584 | €29,870 | -€6,714 | -18.4% |
| Recurring financial charges | 65 | €36,584 | €29,870 | -€6,714 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€46,080 | -€66,670 | -€20,590 | -44.7% |
| Profit (loss) for the period | 9904 | -€46,080 | -€66,670 | -€20,590 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,080 | -€66,670 | -€20,590 | -44.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.