KANOE: 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.
KANOE
Largest movements
- Cash -€37,743
down €37,743 (-48.5%), from €77,761 to €40,018
mainly Contributions, distributions and other (-€180,696) and Debts after one year (-€25,331)
- Tangible fixed assets -€13,226
down €13,226 (-8.3%), from €159,731 to €146,505
of which Land and buildings: -€12,851
- Reserves -€68,833
down €68,833 (-13.1%), from €523,707 to €454,874
of which Distributable reserves: -€66,973
- Tax, wage and social debts +€46,146
up €46,146 (+356%), from €12,967 to €59,112
of which Taxes: +€46,446
- Debts after one year -€25,331
down €25,331 (-36.1%), from €70,211 to €44,880
- Taxes +€14,517
up €14,517 (+41.7%), from €34,815 to €49,332
- Gross operating margin +€3,873
up €3,873 (+2.2%), from €179,201 to €183,074
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 | €737,764 | €685,614 | -€52,150 | -7.1% |
| Fixed assets | 21/28 | €569,731 | €556,505 | -€13,226 | -2.3% |
| Tangible fixed assets | 22/27 | €159,731 | €146,505 | -€13,226 | -8.3% |
| Land and buildings | 22 | €158,685 | €145,834 | -€12,851 | -8.1% |
| Furniture and vehicles | 24 | €1,046 | €671 | -€375 | -35.8% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €168,033 | €129,109 | -€38,924 | -23.2% |
| Amounts receivable within one year | 40/41 | €90,272 | €89,091 | -€1,181 | -1.3% |
| Trade receivables | 40 | €84,075 | €82,861 | -€1,214 | -1.4% |
| Other amounts receivable | 41 | €6,197 | €6,230 | +€33 | +0.5% |
| Cash at bank and in hand | 54/58 | €77,761 | €40,018 | -€37,743 | -48.5% |
| Total equity and liabilities | 10/49 | €737,764 | €685,614 | -€52,150 | -7.1% |
| Equity | 10/15 | €529,907 | €461,074 | -€68,833 | -13.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €523,707 | €454,874 | -€68,833 | -13.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €521,847 | €454,874 | -€66,973 | -12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €85,134 | €85,134 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €85,134 | €85,134 | = | 0.0% |
| Pensions and similar obligations | 160 | €85,134 | €85,134 | = | 0.0% |
| Amounts payable | 17/49 | €122,723 | €139,405 | +€16,683 | +13.6% |
| Amounts payable after more than one year | 17 | €70,211 | €44,880 | -€25,331 | -36.1% |
| Financial debts | 170/4 | €70,211 | €44,880 | -€25,331 | -36.1% |
| Amounts payable within one year | 42/48 | €52,286 | €94,340 | +€42,054 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €24,199 | €25,331 | +€1,133 | +4.7% |
| Trade debts | 44 | €2,628 | €4,437 | +€1,809 | +68.8% |
| Suppliers | 440/4 | €2,628 | €4,437 | +€1,809 | +68.8% |
| Taxes, remuneration and social security | 45 | €12,967 | €59,112 | +€46,146 | +356% |
| Taxes | 450/3 | €8,667 | €55,112 | +€46,446 | +536% |
| Remuneration and social security | 454/9 | €4,300 | €4,000 | -€300 | -7.0% |
| Other amounts payable | 47/48 | €12,492 | €5,459 | -€7,033 | -56.3% |
| Accrued charges and deferred income | 492/3 | €225 | €185 | -€40 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,554 | €13,226 | -€328 | -2.4% |
| Other operating charges | 640/8 | €4,030 | €4,152 | +€122 | +3.0% |
| Gross operating margin | 9900 | €179,201 | €183,074 | +€3,873 | +2.2% |
| Operating profit (loss) | 9901 | €161,617 | €165,696 | +€4,079 | +2.5% |
| Financial charges | 65/66B | €5,716 | €4,500 | -€1,215 | -21.3% |
| Recurring financial charges | 65 | €5,716 | €4,500 | -€1,215 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €155,901 | €161,195 | +€5,294 | +3.4% |
| Income taxes | 67/77 | €34,815 | €49,332 | +€14,517 | +41.7% |
| Profit (loss) for the period | 9904 | €121,086 | €111,863 | -€9,223 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,086 | €111,863 | -€9,223 | -7.6% |
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.