KANNIKIEZE: what changed
What changed
KANNIKIEZE
NACE 47.721, Retail sale of footwear
filed annual accounts (NBB)
Net result for the year
€20,433
2025 · €10,512+€9,922
Equity
€29,768
2025 · €9,334+€20,433
Cash
€16,436
2025 · €15,711+€725
Balance sheet total
€83,998
2025 · €93,609-€9,611
Largest movements
Assets
- Receivables within one year -€5,742
down €5,742 (-88.7%), from €6,476 to €734
- Tangible fixed assets -€3,016
down €3,016 (-90.3%), from €3,342 to €325
of which Furniture and vehicles: -€2,761
- Stocks and contracts -€1,937
down €1,937 (-2.8%), from €68,047 to €66,110
Equity and liabilities
- Trade debts -€24,302
down €24,302 (-37.6%), from €64,677 to €40,374
- Profit (loss) carried forward +€20,433
up €20,433 (+61.6%), from -€33,166 to -€12,732
- Other debts -€7,745
down €7,745 (-95.0%), from €8,148 to €404
- Tax, wage and social debts +€2,003
up €2,003 (+17.5%), from €11,449 to €13,452
of which Remuneration and social security: +€1,300
Income statement
- Gross operating margin +€32,485
up €32,485, from -€7,910 to €24,575
- Write-downs +€22,308
up €22,308, from -€22,308 to €0
- Financial income -€491
down €491 (-67.1%), from €732 to €240
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€10,512
Gross operating margin
+€32,485
Depreciation
+€131
Write-downs
-€22,308
Other operating charges
+€92
Financial income
-€491
Financial charges
+€200
Taxes
-€186
Result 2026
€20,433
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€725
Investment
€0
Financing
€0
Cash 2025
€15,711
From operations (derived)
+€725
Net result for the year
+€20,433
Depreciation
+€3,016
Stocks and contracts
+€1,937
Receivables within one year
+€5,742
Deferred charges and accrued income
-€359
Trade debts
-€24,302
Tax, wage and social debts
+€2,003
Other debts
-€7,745
Cash 2026
€16,436
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,609 | €83,998 | -€9,611 | -10.3% |
| Fixed assets | 21/28 | €3,342 | €325 | -€3,016 | -90.3% |
| Tangible fixed assets | 22/27 | €3,342 | €325 | -€3,016 | -90.3% |
| Plant, machinery and equipment | 23 | €350 | €95 | -€255 | -72.9% |
| Furniture and vehicles | 24 | €2,991 | €230 | -€2,761 | -92.3% |
| Current assets | 29/58 | €90,267 | €83,672 | -€6,595 | -7.3% |
| Stocks and contracts in progress | 3 | €68,047 | €66,110 | -€1,937 | -2.8% |
| Stocks | 30/36 | €68,047 | €66,110 | -€1,937 | -2.8% |
| Amounts receivable within one year | 40/41 | €6,476 | €734 | -€5,742 | -88.7% |
| Trade receivables | 40 | €6,476 | €734 | -€5,742 | -88.7% |
| Cash at bank and in hand | 54/58 | €15,711 | €16,436 | +€725 | +4.6% |
| Deferred charges and accrued income | 490/1 | €33 | €392 | +€359 | +1,092% |
| Total equity and liabilities | 10/49 | €93,609 | €83,998 | -€9,611 | -10.3% |
| Equity | 10/15 | €9,334 | €29,768 | +€20,433 | +219% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,166 | -€12,732 | +€20,433 | +61.6% |
| Amounts payable | 17/49 | €84,274 | €54,230 | -€30,045 | -35.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €84,274 | €54,230 | -€30,045 | -35.7% |
| Trade debts | 44 | €64,677 | €40,374 | -€24,302 | -37.6% |
| Suppliers | 440/4 | €64,677 | €40,374 | -€24,302 | -37.6% |
| Taxes, remuneration and social security | 45 | €11,449 | €13,452 | +€2,003 | +17.5% |
| Taxes | 450/3 | €10,149 | €10,852 | +€703 | +6.9% |
| Remuneration and social security | 454/9 | €1,300 | €2,600 | +€1,300 | +100% |
| Other amounts payable | 47/48 | €8,148 | €404 | -€7,745 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,147 | €3,016 | -€131 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,308 | €0 | +€22,308 | |
| Other operating charges | 640/8 | €743 | €652 | -€92 | -12.3% |
| Gross operating margin | 9900 | -€7,910 | €24,575 | +€32,485 | |
| Operating profit (loss) | 9901 | €10,508 | €20,907 | +€10,399 | +99.0% |
| Financial income | 75/76B | €732 | €240 | -€491 | -67.1% |
| Recurring financial income | 75 | €732 | €240 | -€491 | -67.1% |
| Financial charges | 65/66B | €595 | €395 | -€200 | -33.6% |
| Recurring financial charges | 65 | €595 | €395 | -€200 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €10,645 | €20,752 | +€10,107 | +95.0% |
| Income taxes | 67/77 | €133 | €319 | +€186 | +140% |
| Profit (loss) for the period | 9904 | €10,512 | €20,433 | +€9,922 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,512 | €20,433 | +€9,922 | +94.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.