KANORA: 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.
KANORA
Largest movements
- Cash -€16,720
down €16,720 (-32.2%), from €51,902 to €35,182
mainly Investment in fixed assets (net) (-€24,000) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€3,605
up €3,605 (+8.2%), from €43,764 to €47,370
- Reserves -€13,148
down €13,148 (-6.7%), from €195,993 to €182,845
of which Distributable reserves: -€13,148
- Trade debts -€10,109
down €10,109 (-50.8%), from €19,903 to €9,794
- Current portion of long-term debt +€4,286
up €4,286 (+47.9%), from €8,953 to €13,238
- Debts after one year +€4,007
up €4,007 (+18.3%), from €21,951 to €25,958
- Gross operating margin +€17,665
up €17,665 (+12.1%), from €145,805 to €163,470
- Staff costs +€6,304
up €6,304 (+5.2%), from €120,790 to €127,094
- Depreciation +€4,362
up €4,362 (+24.8%), from €17,571 to €21,933
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 | €292,381 | €281,032 | -€11,349 | -3.9% |
| Fixed assets | 21/28 | €174,776 | €176,842 | +€2,067 | +1.2% |
| Intangible fixed assets | 21 | €10,535 | €10,535 | = | 0.0% |
| Tangible fixed assets | 22/27 | €164,200 | €166,267 | +€2,067 | +1.3% |
| Land and buildings | 22 | €123,744 | €118,256 | -€5,489 | -4.4% |
| Plant, machinery and equipment | 23 | €2,007 | €21,209 | +€19,202 | +957% |
| Furniture and vehicles | 24 | €38,449 | €26,802 | -€11,647 | -30.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €117,605 | €104,190 | -€13,416 | -11.4% |
| Stocks and contracts in progress | 3 | €15,204 | €14,732 | -€472 | -3.1% |
| Stocks | 30/36 | €15,204 | €14,732 | -€472 | -3.1% |
| Amounts receivable within one year | 40/41 | €43,764 | €47,370 | +€3,605 | +8.2% |
| Trade receivables | 40 | €43,764 | €47,370 | +€3,605 | +8.2% |
| Cash at bank and in hand | 54/58 | €51,902 | €35,182 | -€16,720 | -32.2% |
| Deferred charges and accrued income | 490/1 | €6,735 | €6,906 | +€171 | +2.5% |
| Total equity and liabilities | 10/49 | €292,381 | €281,032 | -€11,349 | -3.9% |
| Equity | 10/15 | €214,593 | €201,445 | -€13,148 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,993 | €182,845 | -€13,148 | -6.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €194,133 | €180,985 | -€13,148 | -6.8% |
| Amounts payable | 17/49 | €77,788 | €79,587 | +€1,799 | +2.3% |
| Amounts payable after more than one year | 17 | €21,951 | €25,958 | +€4,007 | +18.3% |
| Financial debts | 170/4 | €21,951 | €25,958 | +€4,007 | +18.3% |
| Amounts payable within one year | 42/48 | €55,815 | €53,607 | -€2,208 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €8,953 | €13,238 | +€4,286 | +47.9% |
| Trade debts | 44 | €19,903 | €9,794 | -€10,109 | -50.8% |
| Suppliers | 440/4 | €19,903 | €9,794 | -€10,109 | -50.8% |
| Taxes, remuneration and social security | 45 | €22,425 | €24,094 | +€1,669 | +7.4% |
| Taxes | 450/3 | €4,131 | €5,154 | +€1,023 | +24.8% |
| Remuneration and social security | 454/9 | €18,294 | €18,939 | +€646 | +3.5% |
| Other amounts payable | 47/48 | €4,534 | €6,481 | +€1,947 | +42.9% |
| Accrued charges and deferred income | 492/3 | €22 | €22 | +€0 | +2.0% |
| Remuneration, social security and pensions | 62 | €120,790 | €127,094 | +€6,304 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,571 | €21,933 | +€4,362 | +24.8% |
| Other operating charges | 640/8 | €3,759 | €3,850 | +€91 | +2.4% |
| Gross operating margin | 9900 | €145,805 | €163,470 | +€17,665 | +12.1% |
| Operating profit (loss) | 9901 | €3,685 | €10,593 | +€6,908 | +187% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,755 | €2,755 | +€1,000 | +56.9% |
| Recurring financial charges | 65 | €1,755 | €2,755 | +€1,000 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €1,930 | €7,838 | +€5,909 | +306% |
| Income taxes | 67/77 | €413 | €987 | +€574 | +139% |
| Profit (loss) for the period | 9904 | €1,517 | €6,852 | +€5,335 | +352% |
| Profit (loss) for the period to be appropriated | 9905 | €1,517 | €6,852 | +€5,335 | +352% |
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 13 October 2026 via checked.be.