Kannegieter: 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.
Kannegieter
Largest movements
- Cash +€895,089
up €895,089 (+380%), from €235,363 to €1.1m
mainly Net result for the year (+€597,696) and Trade debts (+€442,554)
- Receivables within one year -€241,164
down €241,164 (-13.3%), from €1.8m to €1.6m
of which Other amounts receivable: -€548,677
- Trade debts +€442,554
up €442,554 (+102%), from €435,709 to €878,263
- Accrued charges and deferred income +€87,227
up €87,227 (+393%), from €22,207 to €109,433
- Tax, wage and social debts +€84,613
up €84,613 (+66.7%), from €126,776 to €211,389
of which Taxes: +€81,357
- Reserves +€59,957
up €59,957 (+3.8%), from €1.6m to €1.6m
of which Distributable reserves: +€59,957
- Gross operating margin +€395,941
up €395,941 (+39.1%), from €1.0m to €1.4m
- Write-downs -€140,318
down €140,318 (-634%), from -€22,123 to -€162,440
- Staff costs +€125,376
up €125,376 (+28.7%), from €436,316 to €561,692
- Other operating charges +€122,649
up €122,649 (+1,249%), from €9,821 to €132,470
- Taxes +€76,780
up €76,780 (+56.0%), from €137,222 to €214,002
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 | €2,236,423 | €2,910,773 | +€674,351 | +30.2% |
| Fixed assets | 21/28 | €155,453 | €178,426 | +€22,973 | +14.8% |
| Tangible fixed assets | 22/27 | €155,453 | €178,426 | +€22,973 | +14.8% |
| Plant, machinery and equipment | 23 | €3,295 | €1,302 | -€1,993 | -60.5% |
| Furniture and vehicles | 24 | €152,158 | €177,124 | +€24,966 | +16.4% |
| Current assets | 29/58 | €2,080,969 | €2,732,347 | +€651,378 | +31.3% |
| Amounts receivable within one year | 40/41 | €1,809,754 | €1,568,590 | -€241,164 | -13.3% |
| Trade receivables | 40 | €1,020,891 | €1,328,404 | +€307,513 | +30.1% |
| Other amounts receivable | 41 | €788,863 | €240,186 | -€548,677 | -69.6% |
| Cash at bank and in hand | 54/58 | €235,363 | €1,130,452 | +€895,089 | +380% |
| Deferred charges and accrued income | 490/1 | €35,852 | €33,306 | -€2,546 | -7.1% |
| Total equity and liabilities | 10/49 | €2,236,423 | €2,910,773 | +€674,351 | +30.2% |
| Equity | 10/15 | €1,651,731 | €1,711,687 | +€59,957 | +3.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,586,731 | €1,646,687 | +€59,957 | +3.8% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €1,580,231 | €1,640,187 | +€59,957 | +3.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €584,692 | €1,199,086 | +€614,394 | +105% |
| Amounts payable within one year | 42/48 | €562,485 | €1,089,653 | +€527,167 | +93.7% |
| Trade debts | 44 | €435,709 | €878,263 | +€442,554 | +102% |
| Suppliers | 440/4 | €435,709 | €878,263 | +€442,554 | +102% |
| Taxes, remuneration and social security | 45 | €126,776 | €211,389 | +€84,613 | +66.7% |
| Taxes | 450/3 | €82,110 | €163,468 | +€81,357 | +99.1% |
| Remuneration and social security | 454/9 | €44,666 | €47,922 | +€3,256 | +7.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €22,207 | €109,433 | +€87,227 | +393% |
| Remuneration, social security and pensions | 62 | €436,316 | €561,692 | +€125,376 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,995 | €37,548 | +€1,553 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,123 | -€162,440 | -€140,318 | -634% |
| Other operating charges | 640/8 | €9,821 | €132,470 | +€122,649 | +1,249% |
| Gross operating margin | 9900 | €1,012,835 | €1,408,775 | +€395,941 | +39.1% |
| Operating profit (loss) | 9901 | €552,825 | €839,506 | +€286,680 | +51.9% |
| Financial income | 75/76B | €3,024 | €3,152 | +€127 | +4.2% |
| Recurring financial income | 75 | €3,024 | €3,152 | +€127 | +4.2% |
| Financial charges | 65/66B | €36,898 | €30,960 | -€5,938 | -16.1% |
| Recurring financial charges | 65 | €36,898 | €30,960 | -€5,938 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €518,951 | €811,697 | +€292,746 | +56.4% |
| Income taxes | 67/77 | €137,222 | €214,002 | +€76,780 | +56.0% |
| Profit (loss) for the period | 9904 | €381,729 | €597,696 | +€215,967 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €381,729 | €597,696 | +€215,967 | +56.6% |
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 24 October 2026 via checked.be.