KaNo: 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.
KaNo
Largest movements
- Cash +€51,376
up €51,376 (+73.7%), from €69,667 to €121,043
mainly Other debts (+€99,035) and Depreciation (+€84,081)
- Tangible fixed assets -€34,648
down €34,648 (-1.4%), from €2.4m to €2.4m
- Debts after one year -€141,176
down €141,176 (-11.8%), from €1.2m to €1.1m
- Other debts +€99,035
up €99,035 (+12.0%), from €828,133 to €927,169
- Reserves +€57,417
up €57,417 (+76.4%), from €75,105 to €132,522
- Financial charges -€20,846
down €20,846 (-23.7%), from €88,105 to €67,260
- Taxes +€4,358
up €4,358 (+33.2%), from €13,144 to €17,502
- Gross operating margin +€4,086
up €4,086 (+1.7%), from €245,283 to €249,369
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 | €2,490,416 | €2,504,314 | +€13,898 | +0.6% |
| Fixed assets | 21/28 | €2,409,238 | €2,374,589 | -€34,648 | -1.4% |
| Tangible fixed assets | 22/27 | €2,409,238 | €2,374,589 | -€34,648 | -1.4% |
| Land and buildings | 22 | €2,409,238 | €2,374,589 | -€34,648 | -1.4% |
| Current assets | 29/58 | €81,178 | €129,725 | +€48,546 | +59.8% |
| Amounts receivable within one year | 40/41 | €11,511 | €8,682 | -€2,830 | -24.6% |
| Trade receivables | 40 | €9,508 | €3,981 | -€5,527 | -58.1% |
| Other amounts receivable | 41 | €2,003 | €4,700 | +€2,697 | +134.7% |
| Cash at bank and in hand | 54/58 | €69,667 | €121,043 | +€51,376 | +73.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,490,416 | €2,504,314 | +€13,898 | +0.6% |
| Equity | 10/15 | €300,105 | €357,522 | +€57,417 | +19.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €75,105 | €132,522 | +€57,417 | +76.4% |
| Distributable reserves | 133 | €75,105 | €132,522 | +€57,417 | +76.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,190,311 | €2,146,792 | -€43,519 | -2.0% |
| Amounts payable after more than one year | 17 | €1,200,004 | €1,058,828 | -€141,176 | -11.8% |
| Financial debts | 170/4 | €1,200,004 | €1,058,828 | -€141,176 | -11.8% |
| Amounts payable within one year | 42/48 | €971,213 | €1,068,345 | +€97,132 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €141,176 | €141,176 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,760 | €0 | -€1,760 | -100.0% |
| Suppliers | 440/4 | €1,760 | €0 | -€1,760 | -100.0% |
| Taxes, remuneration and social security | 45 | €144 | €0 | -€144 | -100.0% |
| Taxes | 450/3 | €144 | €0 | -€144 | -100.0% |
| Other amounts payable | 47/48 | €828,133 | €927,169 | +€99,035 | +12.0% |
| Accrued charges and deferred income | 492/3 | €19,094 | €19,619 | +€525 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,859 | €84,081 | +€1,222 | +1.5% |
| Other operating charges | 640/8 | €22,342 | €23,110 | +€768 | +3.4% |
| Gross operating margin | 9900 | €245,283 | €249,369 | +€4,086 | +1.7% |
| Operating profit (loss) | 9901 | €140,082 | €142,178 | +€2,096 | +1.5% |
| Financial charges | 65/66B | €88,105 | €67,260 | -€20,846 | -23.7% |
| Recurring financial charges | 65 | €88,105 | €67,260 | -€20,846 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €51,977 | €74,919 | +€22,942 | +44.1% |
| Income taxes | 67/77 | €13,144 | €17,502 | +€4,358 | +33.2% |
| Profit (loss) for the period | 9904 | €38,833 | €57,417 | +€18,584 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,833 | €57,417 | +€18,584 | +47.9% |
Source: filed annual accounts (NBB), fiscal 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.