KANREN: 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.
KANREN
Largest movements
- Cash +€120,563
up €120,563 (+149%), from €80,798 to €201,361
mainly Net result for the year (+€196,233) and Other debts (+€77,940)
- Current investments +€55,000
new in 2025: €55,000
- Receivables within one year -€7,057
down €7,057 (-10.9%), from €64,616 to €57,559
of which Other amounts receivable: -€5,350
- Tangible fixed assets -€3,452
down €3,452 (-46.9%), from €7,361 to €3,909
of which Furniture and vehicles: -€3,083
- Other debts +€77,940
up €77,940 (+165%), from €47,121 to €125,061
- Reserves +€71,233
up €71,233 (+70.9%), from €100,403 to €171,636
- Tax, wage and social debts +€17,984
up €17,984 (+188%), from €9,552 to €27,536
- Gross operating margin +€208,396
up €208,396 (+310%), from €67,159 to €275,554
- Taxes +€59,891
up €59,891 (+488%), from €12,278 to €72,169
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 | €161,594 | €326,044 | +€164,450 | +102% |
| Fixed assets | 21/28 | €7,361 | €3,909 | -€3,452 | -46.9% |
| Tangible fixed assets | 22/27 | €7,361 | €3,909 | -€3,452 | -46.9% |
| Plant, machinery and equipment | 23 | €1,491 | €1,123 | -€369 | -24.7% |
| Furniture and vehicles | 24 | €5,869 | €2,786 | -€3,083 | -52.5% |
| Current assets | 29/58 | €154,234 | €322,135 | +€167,901 | +109% |
| Amounts receivable within one year | 40/41 | €64,616 | €57,559 | -€7,057 | -10.9% |
| Trade receivables | 40 | €56,894 | €55,187 | -€1,707 | -3.0% |
| Other amounts receivable | 41 | €7,722 | €2,372 | -€5,350 | -69.3% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €80,798 | €201,361 | +€120,563 | +149% |
| Deferred charges and accrued income | 490/1 | €8,819 | €8,215 | -€604 | -6.9% |
| Total equity and liabilities | 10/49 | €161,594 | €326,044 | +€164,450 | +102% |
| Equity | 10/15 | €101,403 | €172,636 | +€71,233 | +70.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100,403 | €171,636 | +€71,233 | +70.9% |
| Distributable reserves | 133 | €100,403 | €171,636 | +€71,233 | +70.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,191 | €153,408 | +€93,217 | +155% |
| Amounts payable within one year | 42/48 | €60,191 | €153,408 | +€93,217 | +155% |
| Financial debts | 43 | €655 | €286 | -€368 | -56.3% |
| Credit institutions | 430/8 | €655 | €286 | -€368 | -56.3% |
| Trade debts | 44 | €2,863 | €525 | -€2,339 | -81.7% |
| Suppliers | 440/4 | €2,863 | €525 | -€2,339 | -81.7% |
| Taxes, remuneration and social security | 45 | €9,552 | €27,536 | +€17,984 | +188% |
| Taxes | 450/3 | €9,552 | €27,536 | +€17,984 | +188% |
| Other amounts payable | 47/48 | €47,121 | €125,061 | +€77,940 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,436 | €3,452 | +€16 | +0.5% |
| Other operating charges | 640/8 | €774 | €540 | -€234 | -30.2% |
| Gross operating margin | 9900 | €67,159 | €275,554 | +€208,396 | +310% |
| Operating profit (loss) | 9901 | €62,949 | €271,562 | +€208,613 | +331% |
| Financial income | 75/76B | €0 | €2,121 | +€2,121 | +10,606,100% |
| Recurring financial income | 75 | €0 | €2,121 | +€2,121 | +10,606,100% |
| Financial charges | 65/66B | €3,561 | €5,282 | +€1,720 | +48.3% |
| Recurring financial charges | 65 | €3,561 | €5,282 | +€1,720 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €59,388 | €268,402 | +€209,014 | +352% |
| Income taxes | 67/77 | €12,278 | €72,169 | +€59,891 | +488% |
| Profit (loss) for the period | 9904 | €47,110 | €196,233 | +€149,123 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €47,110 | €196,233 | +€149,123 | +317% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.