KANI: 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.
KANI
Largest movements
- Cash +€516,443
up €516,443 (+727.9%), from €70,946 to €587,390
mainly Net result for the year (+€478,442) and Investment in fixed assets (net) (+€379,508)
- Tangible fixed assets -€416,685
down €416,685 (-31.5%), from €1.3m to €904,248
of which Land and buildings: -€416,312
- Debts after one year -€418,752
down €418,752 (-89.4%), from €468,455 to €49,703
- Reserves +€381,739
up €381,739 (+117.0%), from €326,252 to €707,991
of which Tax-exempt reserves: +€381,739
- Provisions +€127,246
new in 2025: €127,246
- Profit (loss) carried forward +€96,703
up €96,703 (+31.2%), from €309,802 to €406,505
- Trade debts -€76,479
down €76,479 (-97.9%), from €78,117 to €1,639
- Gross operating margin +€498,437
up €498,437 (+232.6%), from €214,288 to €712,725
- Depreciation -€20,494
down €20,494 (-35.5%), from €57,670 to €37,177
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 | €1,598,301 | €1,699,306 | +€101,005 | +6.3% |
| Fixed assets | 21/28 | €1,321,183 | €904,498 | -€416,685 | -31.5% |
| Tangible fixed assets | 22/27 | €1,320,933 | €904,248 | -€416,685 | -31.5% |
| Land and buildings | 22 | €1,271,076 | €854,764 | -€416,312 | -32.8% |
| Furniture and vehicles | 24 | €898 | €525 | -€373 | -41.5% |
| Other tangible fixed assets | 26 | €48,959 | €48,959 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €277,118 | €794,807 | +€517,689 | +186.8% |
| Amounts receivable within one year | 40/41 | €203,552 | €204,319 | +€768 | +0.4% |
| Other amounts receivable | 41 | €203,552 | €204,319 | +€768 | +0.4% |
| Cash at bank and in hand | 54/58 | €70,946 | €587,390 | +€516,443 | +727.9% |
| Deferred charges and accrued income | 490/1 | €2,620 | €3,098 | +€479 | +18.3% |
| Total equity and liabilities | 10/49 | €1,598,301 | €1,699,306 | +€101,005 | +6.3% |
| Equity | 10/15 | €898,577 | €1,377,019 | +€478,442 | +53.2% |
| Contributions | 10/11 | €262,523 | €262,523 | = | 0.0% |
| Capital | 10 | €262,523 | €262,523 | = | 0.0% |
| Issued capital | 100 | €262,523 | €262,523 | = | 0.0% |
| Reserves | 13 | €326,252 | €707,991 | +€381,739 | +117.0% |
| Non-distributable reserves | 130/1 | €26,252 | €26,252 | = | 0.0% |
| Legal reserve | 130 | €26,252 | €26,252 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €381,739 | +€381,739 | |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €309,802 | €406,505 | +€96,703 | +31.2% |
| Provisions and deferred taxes | 16 | - | €127,246 | +€127,246 | |
| Deferred taxes | 168 | - | €127,246 | +€127,246 | |
| Amounts payable | 17/49 | €699,724 | €195,041 | -€504,683 | -72.1% |
| Amounts payable after more than one year | 17 | €468,455 | €49,703 | -€418,752 | -89.4% |
| Financial debts | 170/4 | €468,455 | €49,703 | -€418,752 | -89.4% |
| Amounts payable within one year | 42/48 | €229,192 | €140,880 | -€88,312 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €86,411 | €65,706 | -€20,705 | -24.0% |
| Financial debts | 43 | €6,786 | €8,429 | +€1,643 | +24.2% |
| Credit institutions | 430/8 | €6,786 | €8,429 | +€1,643 | +24.2% |
| Trade debts | 44 | €78,117 | €1,639 | -€76,479 | -97.9% |
| Suppliers | 440/4 | €78,117 | €1,639 | -€76,479 | -97.9% |
| Advances received on contracts in progress | 46 | €5,082 | €6,082 | +€1,000 | +19.7% |
| Taxes, remuneration and social security | 45 | €10,576 | €15,708 | +€5,132 | +48.5% |
| Taxes | 450/3 | €10,576 | €15,708 | +€5,132 | +48.5% |
| Other amounts payable | 47/48 | €42,221 | €43,317 | +€1,096 | +2.6% |
| Accrued charges and deferred income | 492/3 | €2,077 | €4,457 | +€2,381 | +114.7% |
| Non-recurring operating income | 76A | - | €641,573 | +€641,573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,670 | €37,177 | -€20,494 | -35.5% |
| Other operating charges | 640/8 | €20,726 | €23,201 | +€2,475 | +11.9% |
| Gross operating margin | 9900 | €214,288 | €712,725 | +€498,437 | +232.6% |
| Operating profit (loss) | 9901 | €135,892 | €652,347 | +€516,455 | +380.0% |
| Financial income | 75/76B | €2,700 | €2,700 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,700 | €2,700 | +€0 | 0.0% |
| Financial charges | 65/66B | €18,771 | €16,574 | -€2,197 | -11.7% |
| Recurring financial charges | 65 | €18,771 | €16,574 | -€2,197 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €119,821 | €638,473 | +€518,653 | +432.9% |
| Transfer from deferred taxes | 780 | - | €2,337 | +€2,337 | |
| Transfer to deferred taxes | 680 | - | €129,583 | +€129,583 | |
| Income taxes | 67/77 | €30,477 | €32,786 | +€2,309 | +7.6% |
| Profit (loss) for the period | 9904 | €89,343 | €478,442 | +€389,098 | +435.5% |
| Transfer from tax-exempt reserves | 789 | - | €7,010 | +€7,010 | |
| Transfer to tax-exempt reserves | 689 | - | €388,748 | +€388,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,343 | €96,703 | +€7,359 | +8.2% |
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.