KANTIPUR: 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.
KANTIPUR
Largest movements
- Cash +€20,148
up €20,148 (+60.1%), from €33,505 to €53,654
mainly Net result for the year (+€13,867) and Depreciation (+€3,989)
- Intangible fixed assets -€2,500
down €2,500 (-33.3%), from €7,500 to €5,000
- Tangible fixed assets -€1,489
down €1,489 (-69.2%), from €2,151 to €662
- Profit (loss) carried forward +€13,867
up €13,867 (+87.5%), from €15,847 to €29,714
- Tax, wage and social debts +€1,175
new in 2025: €1,175
- Trade debts +€1,136
up €1,136 (+11.7%), from €9,730 to €10,866
- Gross operating margin -€27,610
down €27,610 (-27.1%), from €101,733 to €74,123
- Staff costs +€5,566
up €5,566 (+12.3%), from €45,409 to €50,975
- Other operating charges -€1,807
down €1,807 (-32.3%), from €5,598 to €3,791
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 | €46,037 | €62,215 | +€16,177 | +35.1% |
| Fixed assets | 21/28 | €9,651 | €5,662 | -€3,989 | -41.3% |
| Intangible fixed assets | 21 | €7,500 | €5,000 | -€2,500 | -33.3% |
| Tangible fixed assets | 22/27 | €2,151 | €662 | -€1,489 | -69.2% |
| Plant, machinery and equipment | 23 | €2,151 | €662 | -€1,489 | -69.2% |
| Current assets | 29/58 | €36,387 | €56,552 | +€20,166 | +55.4% |
| Stocks and contracts in progress | 3 | €743 | €850 | +€107 | +14.4% |
| Stocks | 30/36 | €743 | €850 | +€107 | +14.4% |
| Amounts receivable within one year | 40/41 | €2,138 | €2,049 | -€90 | -4.2% |
| Other amounts receivable | 41 | €2,138 | €2,049 | -€90 | -4.2% |
| Cash at bank and in hand | 54/58 | €33,505 | €53,654 | +€20,148 | +60.1% |
| Total equity and liabilities | 10/49 | €46,037 | €62,215 | +€16,177 | +35.1% |
| Equity | 10/15 | €36,307 | €50,174 | +€13,867 | +38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,847 | €29,714 | +€13,867 | +87.5% |
| Amounts payable | 17/49 | €9,730 | €12,041 | +€2,310 | +23.7% |
| Amounts payable within one year | 42/48 | €9,730 | €12,041 | +€2,310 | +23.7% |
| Trade debts | 44 | €9,730 | €10,866 | +€1,136 | +11.7% |
| Suppliers | 440/4 | €9,730 | €10,866 | +€1,136 | +11.7% |
| Taxes, remuneration and social security | 45 | - | €1,175 | +€1,175 | |
| Remuneration and social security | 454/9 | - | €1,175 | +€1,175 | |
| Remuneration, social security and pensions | 62 | €45,409 | €50,975 | +€5,566 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,989 | €3,989 | = | 0.0% |
| Other operating charges | 640/8 | €5,598 | €3,791 | -€1,807 | -32.3% |
| Gross operating margin | 9900 | €101,733 | €74,123 | -€27,610 | -27.1% |
| Operating profit (loss) | 9901 | €46,737 | €15,369 | -€31,369 | -67.1% |
| Financial charges | 65/66B | €1,577 | €1,502 | -€75 | -4.7% |
| Recurring financial charges | 65 | €1,577 | €1,502 | -€75 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €45,160 | €13,867 | -€31,294 | -69.3% |
| Profit (loss) for the period | 9904 | €45,160 | €13,867 | -€31,294 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,160 | €13,867 | -€31,294 | -69.3% |
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 29 October 2026 via checked.be.