KANNEDA: 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.
KANNEDA
Largest movements
- Receivables within one year +€23,241
up €23,241 (+522.2%), from €4,450 to €27,691
of which Trade receivables: +€17,280
- Cash -€5,529
down €5,529 (-25.5%), from €21,668 to €16,139
mainly Receivables within one year (-€23,241) and Trade debts (-€2,133)
- Tangible fixed assets -€3,332
down €3,332 (-23.8%), from €13,998 to €10,666
- Profit (loss) carried forward +€14,161
up €14,161 (+286.8%), from €4,937 to €19,098
- Tax, wage and social debts +€2,607
up €2,607 (+188.2%), from €1,385 to €3,992
- Trade debts -€2,133
down €2,133 (-69.8%), from €3,057 to €924
- Gross operating margin +€10,644
up €10,644 (+87.9%), from €12,113 to €22,757
- Taxes +€2,405
up €2,405 (+173.6%), from €1,385 to €3,790
- Depreciation -€1,599
down €1,599 (-32.4%), from €4,932 to €3,332
- Financial charges +€386
up €386 (+52.2%), from €740 to €1,125
- Other operating charges +€228
up €228 (+190.2%), from €120 to €348
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 | €40,734 | €55,378 | +€14,644 | +36.0% |
| Fixed assets | 21/28 | €13,998 | €10,666 | -€3,332 | -23.8% |
| Tangible fixed assets | 22/27 | €13,998 | €10,666 | -€3,332 | -23.8% |
| Furniture and vehicles | 24 | €13,998 | €10,666 | -€3,332 | -23.8% |
| Current assets | 29/58 | €26,735 | €44,712 | +€17,977 | +67.2% |
| Amounts receivable within one year | 40/41 | €4,450 | €27,691 | +€23,241 | +522.2% |
| Trade receivables | 40 | - | €17,280 | +€17,280 | |
| Other amounts receivable | 41 | €4,450 | €10,411 | +€5,961 | +133.9% |
| Cash at bank and in hand | 54/58 | €21,668 | €16,139 | -€5,529 | -25.5% |
| Deferred charges and accrued income | 490/1 | €617 | €882 | +€266 | +43.1% |
| Total equity and liabilities | 10/49 | €40,734 | €55,378 | +€14,644 | +36.0% |
| Equity | 10/15 | €17,437 | €31,598 | +€14,161 | +81.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,937 | €19,098 | +€14,161 | +286.8% |
| Amounts payable | 17/49 | €23,296 | €23,780 | +€483 | +2.1% |
| Amounts payable within one year | 42/48 | €22,624 | €22,726 | +€103 | +0.5% |
| Trade debts | 44 | €3,057 | €924 | -€2,133 | -69.8% |
| Suppliers | 440/4 | €3,057 | €924 | -€2,133 | -69.8% |
| Taxes, remuneration and social security | 45 | €1,385 | €3,992 | +€2,607 | +188.2% |
| Taxes | 450/3 | €1,385 | €3,992 | +€2,607 | +188.2% |
| Other amounts payable | 47/48 | €18,181 | €17,810 | -€371 | -2.0% |
| Accrued charges and deferred income | 492/3 | €673 | €1,053 | +€381 | +56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,932 | €3,332 | -€1,599 | -32.4% |
| Other operating charges | 640/8 | €120 | €348 | +€228 | +190.2% |
| Gross operating margin | 9900 | €12,113 | €22,757 | +€10,644 | +87.9% |
| Operating profit (loss) | 9901 | €7,061 | €19,076 | +€12,015 | +170.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €740 | €1,125 | +€386 | +52.2% |
| Recurring financial charges | 65 | €740 | €1,125 | +€386 | +52.2% |
| Profit (loss) for the period before taxes | 9903 | €6,322 | €17,951 | +€11,629 | +183.9% |
| Income taxes | 67/77 | €1,385 | €3,790 | +€2,405 | +173.6% |
| Profit (loss) for the period | 9904 | €4,937 | €14,161 | +€9,224 | +186.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,937 | €14,161 | +€9,224 | +186.8% |
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 9 October 2026 via checked.be.