KANOR GROUP: 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.
KANOR GROUP
Largest movements
- Receivables within one year -€43,217
down €43,217 (-31.6%), from €136,842 to €93,625
of which Trade receivables: -€30,248
- Tangible fixed assets -€2,125
down €2,125 (-52.1%), from €4,080 to €1,955
- Cash -€2,104
down €2,104 (-44.3%), from €4,745 to €2,641
mainly Trade debts (-€46,561) and Tax, wage and social debts (-€4,156)
- Trade debts -€46,561
down €46,561 (-83.6%), from €55,666 to €9,105
- Profit (loss) carried forward +€4,489
up €4,489 (+7.2%), from €61,921 to €66,410
- Tax, wage and social debts -€4,156
down €4,156 (-16.1%), from €25,819 to €21,662
- Gross operating margin -€69,149
down €69,149 (-87.0%), from €79,508 to €10,359
- Taxes -€24,509
down €24,509, from €22,178 to -€2,332
- Financial charges +€3,403
up €3,403 (+577%), from €590 to €3,994
- Other operating charges -€1,428
down €1,428 (-43.0%), from €3,319 to €1,891
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 | €146,406 | €100,178 | -€46,228 | -31.6% |
| Fixed assets | 21/28 | €4,080 | €1,955 | -€2,125 | -52.1% |
| Tangible fixed assets | 22/27 | €4,080 | €1,955 | -€2,125 | -52.1% |
| Furniture and vehicles | 24 | €4,080 | €1,955 | -€2,125 | -52.1% |
| Current assets | 29/58 | €142,326 | €98,223 | -€44,103 | -31.0% |
| Amounts receivable within one year | 40/41 | €136,842 | €93,625 | -€43,217 | -31.6% |
| Trade receivables | 40 | €108,650 | €78,402 | -€30,248 | -27.8% |
| Other amounts receivable | 41 | €28,192 | €15,223 | -€12,969 | -46.0% |
| Cash at bank and in hand | 54/58 | €4,745 | €2,641 | -€2,104 | -44.3% |
| Deferred charges and accrued income | 490/1 | €740 | €1,957 | +€1,218 | +165% |
| Total equity and liabilities | 10/49 | €146,406 | €100,178 | -€46,228 | -31.6% |
| Equity | 10/15 | €64,921 | €69,410 | +€4,489 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €61,921 | €66,410 | +€4,489 | +7.2% |
| Amounts payable | 17/49 | €81,484 | €30,768 | -€50,717 | -62.2% |
| Amounts payable within one year | 42/48 | €81,484 | €30,768 | -€50,717 | -62.2% |
| Trade debts | 44 | €55,666 | €9,105 | -€46,561 | -83.6% |
| Suppliers | 440/4 | €55,666 | €9,105 | -€46,561 | -83.6% |
| Taxes, remuneration and social security | 45 | €25,819 | €21,662 | -€4,156 | -16.1% |
| Taxes | 450/3 | €25,819 | €21,662 | -€4,156 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,794 | €2,567 | +€773 | +43.1% |
| Other operating charges | 640/8 | €3,319 | €1,891 | -€1,428 | -43.0% |
| Gross operating margin | 9900 | €79,508 | €10,359 | -€69,149 | -87.0% |
| Operating profit (loss) | 9901 | €74,396 | €5,901 | -€68,495 | -92.1% |
| Financial income | 75/76B | €0 | €250 | +€250 | +624,275% |
| Recurring financial income | 75 | €0 | €250 | +€250 | +624,275% |
| Financial charges | 65/66B | €590 | €3,994 | +€3,403 | +577% |
| Recurring financial charges | 65 | €590 | €3,994 | +€3,403 | +577% |
| Profit (loss) for the period before taxes | 9903 | €73,806 | €2,157 | -€71,649 | -97.1% |
| Income taxes | 67/77 | €22,178 | -€2,332 | -€24,509 | |
| Profit (loss) for the period | 9904 | €51,628 | €4,489 | -€47,139 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,628 | €4,489 | -€47,139 | -91.3% |
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 17 October 2026 via checked.be.