KANTIEN: 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.
KANTIEN
Largest movements
- Receivables within one year +€28,752
up €28,752 (+369%), from €7,792 to €36,545
- Tangible fixed assets -€19,805
down €19,805 (-13.5%), from €147,103 to €127,298
of which Plant, machinery and equipment: -€12,033
- Stocks and contracts +€8,061
up €8,061 (+103%), from €7,799 to €15,860
- Cash +€6,390
up €6,390 (+29.7%), from €21,534 to €27,924
mainly Trade debts (+€40,014) and Depreciation (+€39,940)
- Trade debts +€40,014
up €40,014 (+233%), from €17,144 to €57,158
- Debts after one year -€33,969
down €33,969 (-82.6%), from €41,130 to €7,161
- Current portion of long-term debt +€11,652
up €11,652 (+32.5%), from €35,838 to €47,491
- Reserves +€4,227
up €4,227 (+5.8%), from €72,545 to €76,773
of which Distributable reserves: +€76,773
- Tax, wage and social debts +€4,019
up €4,019 (+20.1%), from €19,953 to €23,972
of which Taxes: +€2,830
- Staff costs -€11,971
down €11,971 (-18.1%), from €66,172 to €54,201
- Gross operating margin +€5,432
up €5,432 (+4.9%), from €110,429 to €115,861
- Taxes +€1,818
up €1,818, from -€11 to €1,807
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 | €185,053 | €208,106 | +€23,054 | +12.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €147,103 | €127,298 | -€19,805 | -13.5% |
| Tangible fixed assets | 22/27 | €147,103 | €127,298 | -€19,805 | -13.5% |
| Land and buildings | 22 | €33,423 | €29,670 | -€3,753 | -11.2% |
| Plant, machinery and equipment | 23 | €98,808 | €86,775 | -€12,033 | -12.2% |
| Furniture and vehicles | 24 | €7,779 | €5,780 | -€1,999 | -25.7% |
| Leasing and similar rights | 25 | €7,094 | €5,074 | -€2,020 | -28.5% |
| Current assets | 29/58 | €37,950 | €80,808 | +€42,858 | +113% |
| Stocks and contracts in progress | 3 | €7,799 | €15,860 | +€8,061 | +103% |
| Stocks | 30/36 | €7,799 | €15,860 | +€8,061 | +103% |
| Amounts receivable within one year | 40/41 | €7,792 | €36,545 | +€28,752 | +369% |
| Trade receivables | 40 | €7,792 | €36,545 | +€28,752 | +369% |
| Cash at bank and in hand | 54/58 | €21,534 | €27,924 | +€6,390 | +29.7% |
| Deferred charges and accrued income | 490/1 | €824 | €479 | -€345 | -41.8% |
| Total equity and liabilities | 10/49 | €185,053 | €208,106 | +€23,054 | +12.5% |
| Equity | 10/15 | €60,017 | €64,246 | +€4,229 | +7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,545 | €76,773 | +€4,227 | +5.8% |
| Non-distributable reserves | 130/1 | €72,545 | - | -€72,545 | |
| Reserves not available under the articles | 1311 | €72,545 | - | -€72,545 | |
| Distributable reserves | 133 | - | €76,773 | +€76,773 | |
| Profit (loss) carried forward | 14 | -€17,529 | -€17,527 | +€2 | 0.0% |
| Amounts payable | 17/49 | €125,036 | €143,861 | +€18,825 | +15.1% |
| Amounts payable after more than one year | 17 | €41,130 | €7,161 | -€33,969 | -82.6% |
| Financial debts | 170/4 | €41,130 | €7,161 | -€33,969 | -82.6% |
| Amounts payable within one year | 42/48 | €83,906 | €136,699 | +€52,793 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €35,838 | €47,491 | +€11,652 | +32.5% |
| Trade debts | 44 | €17,144 | €57,158 | +€40,014 | +233% |
| Suppliers | 440/4 | €17,144 | €57,158 | +€40,014 | +233% |
| Taxes, remuneration and social security | 45 | €19,953 | €23,972 | +€4,019 | +20.1% |
| Taxes | 450/3 | €5,764 | €8,594 | +€2,830 | +49.1% |
| Remuneration and social security | 454/9 | €14,190 | €15,379 | +€1,189 | +8.4% |
| Other amounts payable | 47/48 | €10,970 | €8,078 | -€2,892 | -26.4% |
| Remuneration, social security and pensions | 62 | €66,172 | €54,201 | -€11,971 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,778 | €39,940 | +€162 | +0.4% |
| Other operating charges | 640/8 | €3,817 | €4,891 | +€1,073 | +28.1% |
| Non-recurring operating charges | 66A | - | €5,200 | +€5,200 | |
| Gross operating margin | 9900 | €110,429 | €115,861 | +€5,432 | +4.9% |
| Operating profit (loss) | 9901 | €661 | €11,630 | +€10,969 | +1,659% |
| Financial income | 75/76B | €1 | €0 | -€1 | -95.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -95.7% |
| Financial charges | 65/66B | €4,551 | €5,594 | +€1,043 | +22.9% |
| Recurring financial charges | 65 | €4,551 | €5,594 | +€1,043 | +22.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,889 | €6,036 | +€9,925 | |
| Income taxes | 67/77 | -€11 | €1,807 | +€1,818 | |
| Profit (loss) for the period | 9904 | -€3,878 | €4,229 | +€8,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,878 | €4,229 | +€8,107 |
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 20 October 2026 via checked.be.