KANTERS: 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.
KANTERS
Largest movements
- Receivables within one year -€42,311
down €42,311 (-34.5%), from €122,812 to €80,501
of which Trade receivables: -€58,165
- Tangible fixed assets -€32,021
down €32,021 (-30.4%), from €105,484 to €73,463
- Cash -€15,448
down €15,448 (-68.7%), from €22,475 to €7,027
mainly Debts after one year (-€350,000) and Other debts (-€117,737)
- Profit (loss) carried forward +€463,877
up €463,877 (+83.0%), from -€558,985 to -€95,109
- Debts after one year -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Other debts -€117,737
down €117,737 (-45.7%), from €257,548 to €139,811
- Trade debts -€77,708
down €77,708 (-97.1%), from €80,035 to €2,326
- Tax, wage and social debts -€7,301
down €7,301 (-65.8%), from €11,091 to €3,790
- Financial income +€542,566
up €542,566 (+35365.4%), from €1,534 to €544,100
of which Non-recurring financial income: +€541,693
- Gross operating margin +€86,795
up €86,795 (+70.6%), from -€122,869 to -€36,074
- Financial charges -€9,071
down €9,071 (-44.1%), from €20,548 to €11,476
- Other operating charges -€2,486
down €2,486 (-79.2%), from €3,138 to €652
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,554 | €162,684 | -€88,870 | -35.3% |
| Fixed assets | 21/28 | €106,234 | €74,213 | -€32,021 | -30.1% |
| Tangible fixed assets | 22/27 | €105,484 | €73,463 | -€32,021 | -30.4% |
| Furniture and vehicles | 24 | €105,484 | €73,463 | -€32,021 | -30.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €145,320 | €88,471 | -€56,848 | -39.1% |
| Amounts receivable within one year | 40/41 | €122,812 | €80,501 | -€42,311 | -34.5% |
| Trade receivables | 40 | €67,992 | €9,827 | -€58,165 | -85.5% |
| Other amounts receivable | 41 | €54,820 | €70,674 | +€15,854 | +28.9% |
| Cash at bank and in hand | 54/58 | €22,475 | €7,027 | -€15,448 | -68.7% |
| Deferred charges and accrued income | 490/1 | €33 | €943 | +€910 | +2757.6% |
| Total equity and liabilities | 10/49 | €251,554 | €162,684 | -€88,870 | -35.3% |
| Equity | 10/15 | -€447,120 | €16,757 | +€463,877 | |
| Contributions | 10/11 | €109,073 | €109,073 | = | 0.0% |
| Capital | 10 | €109,073 | €109,073 | = | 0.0% |
| Issued capital | 100 | €109,073 | €109,073 | = | 0.0% |
| Reserves | 13 | €2,792 | €2,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,792 | €2,792 | = | 0.0% |
| Legal reserve | 130 | €2,792 | €2,792 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€558,985 | -€95,109 | +€463,877 | +83.0% |
| Amounts payable | 17/49 | €698,674 | €145,927 | -€552,746 | -79.1% |
| Amounts payable after more than one year | 17 | €350,000 | €0 | -€350,000 | -100.0% |
| Other amounts payable | 178/9 | €350,000 | €0 | -€350,000 | -100.0% |
| Amounts payable within one year | 42/48 | €348,674 | €145,927 | -€202,746 | -58.1% |
| Trade debts | 44 | €80,035 | €2,326 | -€77,708 | -97.1% |
| Suppliers | 440/4 | €80,035 | €2,326 | -€77,708 | -97.1% |
| Taxes, remuneration and social security | 45 | €11,091 | €3,790 | -€7,301 | -65.8% |
| Taxes | 450/3 | €11,091 | €3,790 | -€7,301 | -65.8% |
| Other amounts payable | 47/48 | €257,548 | €139,811 | -€117,737 | -45.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,021 | €32,021 | = | 0.0% |
| Other operating charges | 640/8 | €3,138 | €652 | -€2,486 | -79.2% |
| Non-recurring operating charges | 66A | €427,365 | €0 | -€427,365 | -100.0% |
| Gross operating margin | 9900 | -€122,869 | -€36,074 | +€86,795 | +70.6% |
| Operating profit (loss) | 9901 | -€585,392 | -€68,747 | +€516,646 | +88.3% |
| Financial income | 75/76B | €1,534 | €544,100 | +€542,566 | +35365.4% |
| Recurring financial income | 75 | €1,534 | €2,406 | +€872 | +56.9% |
| Non-recurring financial income | 76B | - | €541,693 | +€541,693 | |
| Financial charges | 65/66B | €20,548 | €11,476 | -€9,071 | -44.1% |
| Recurring financial charges | 65 | €20,548 | €11,476 | -€9,071 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€604,406 | €463,877 | +€1.1m | |
| Income taxes | 67/77 | €276 | €0 | -€276 | -100.0% |
| Profit (loss) for the period | 9904 | -€604,682 | €463,877 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€604,682 | €463,877 | +€1.1m |
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 6 October 2026 via checked.be.