KANT: 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.
What changed
KANT
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€308,894
2024 · €468,290-€159,396
Equity
€4.4m
2024 · €4.1m+€308,894
Cash
€4,155
2024 · €0+€4,155
Balance sheet total
€5.7m
2024 · €5.8m-€86,431
Largest movements
Assets
- Receivables within one year -€70,443
down €70,443 (-6.4%), from €1.1m to €1.0m
Equity and liabilities
- Debts after one year -€800,000
down €800,000 (-100.0%), from €800,000 to €0
- Other debts +€404,663
up €404,663 (+43.6%), from €928,586 to €1.3m
- Profit (loss) carried forward +€308,894
up €308,894 (+9.3%), from €3.3m to €3.6m
Income statement
- Financial income -€157,464
down €157,464 (-27.3%), from €575,747 to €418,283
- Financial charges +€2,864
up €2,864 (+22.4%), from €12,795 to €15,659
- Gross operating margin +€949
up €949 (+1.4%), from -€67,258 to -€66,309
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.
Result 2024
€468,290
Gross operating margin
+€949
Other operating charges
-€94
Financial income
-€157,464
Financial charges
-€2,864
Taxes
+€77
Result 2025
€308,894
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.
From operations
+€806,690
Investment
-€4,000
Financing
-€798,535
Cash 2024
€0
From operations (derived)
+€806,690
Net result for the year
+€308,894
Depreciation
+€25,205
Receivables within one year
+€70,443
Smaller working-capital items
-€2,515
Other debts
+€404,663
Investment (derived)
-€4,000
Investment in fixed assets (net)
-€4,000
Financing
-€798,535
Debts after one year
-€800,000
Short-term financial debts
+€1,465
Cash 2025
€4,155
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,791,083 | €5,704,652 | -€86,431 | -1.5% |
| Fixed assets | 21/28 | €4,696,668 | €4,675,462 | -€21,205 | -0.5% |
| Tangible fixed assets | 22/27 | €88,357 | €63,152 | -€25,205 | -28.5% |
| Furniture and vehicles | 24 | €88,357 | €63,152 | -€25,205 | -28.5% |
| Financial fixed assets | 28 | €4,608,311 | €4,612,311 | +€4,000 | +0.1% |
| Current assets | 29/58 | €1,094,415 | €1,029,189 | -€65,226 | -6.0% |
| Amounts receivable within one year | 40/41 | €1,092,920 | €1,022,478 | -€70,443 | -6.4% |
| Other amounts receivable | 41 | €1,092,920 | €1,022,478 | -€70,443 | -6.4% |
| Cash at bank and in hand | 54/58 | €0 | €4,155 | +€4,155 | |
| Deferred charges and accrued income | 490/1 | €1,495 | €2,557 | +€1,062 | +71.1% |
| Total equity and liabilities | 10/49 | €5,791,083 | €5,704,652 | -€86,431 | -1.5% |
| Equity | 10/15 | €4,050,718 | €4,359,613 | +€308,894 | +7.6% |
| Contributions | 10/11 | €651,000 | €651,000 | = | 0.0% |
| Capital | 10 | €651,000 | €651,000 | = | 0.0% |
| Issued capital | 100 | €651,000 | €651,000 | = | 0.0% |
| Reserves | 13 | €65,100 | €65,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,100 | €65,100 | = | 0.0% |
| Legal reserve | 130 | €65,100 | €65,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,334,618 | €3,643,513 | +€308,894 | +9.3% |
| Amounts payable | 17/49 | €1,740,364 | €1,345,039 | -€395,325 | -22.7% |
| Amounts payable after more than one year | 17 | €800,000 | €0 | -€800,000 | -100.0% |
| Financial debts | 170/4 | €800,000 | €0 | -€800,000 | -100.0% |
| Amounts payable within one year | 42/48 | €940,364 | €1,345,039 | +€404,675 | +43.0% |
| Financial debts | 43 | €262 | €1,727 | +€1,465 | +558.3% |
| Credit institutions | 430/8 | €262 | €1,727 | +€1,465 | +558.3% |
| Trade debts | 44 | €8,819 | €8,234 | -€585 | -6.6% |
| Suppliers | 440/4 | €8,819 | €8,234 | -€585 | -6.6% |
| Taxes, remuneration and social security | 45 | €2,698 | €1,829 | -€868 | -32.2% |
| Taxes | 450/3 | €866 | €0 | -€866 | -100.0% |
| Remuneration and social security | 454/9 | €1,831 | €1,829 | -€2 | -0.1% |
| Other amounts payable | 47/48 | €928,586 | €1,333,249 | +€404,663 | +43.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,205 | €25,205 | = | 0.0% |
| Other operating charges | 640/8 | €1,752 | €1,846 | +€94 | +5.4% |
| Gross operating margin | 9900 | -€67,258 | -€66,309 | +€949 | +1.4% |
| Operating profit (loss) | 9901 | -€94,215 | -€93,361 | +€855 | +0.9% |
| Financial income | 75/76B | €575,747 | €418,283 | -€157,464 | -27.3% |
| Recurring financial income | 75 | €575,747 | €418,283 | -€157,464 | -27.3% |
| Financial charges | 65/66B | €12,795 | €15,659 | +€2,864 | +22.4% |
| Recurring financial charges | 65 | €12,795 | €15,659 | +€2,864 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €468,737 | €309,263 | -€159,473 | -34.0% |
| Income taxes | 67/77 | €446 | €369 | -€77 | -17.3% |
| Profit (loss) for the period | 9904 | €468,290 | €308,894 | -€159,396 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €468,290 | €308,894 | -€159,396 | -34.0% |
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 29 September 2026 via checked.be.