KANTOFF: 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.
What changed
KANTOFF
NACE 47.551, Retail sale of household furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€36,487
2024 · €37,414-€927
Equity
€791,671
2024 · €755,184+€36,487
Cash
€232,732
2024 · €243,371-€10,639
Balance sheet total
€3.8m
2024 · €3.4m+€399,016
Largest movements
Assets
- Tangible fixed assets +€399,550
up €399,550 (+192.3%), from €207,741 to €607,291
of which Leasing and similar rights: +€326,915
- Receivables within one year +€110,416
up €110,416 (+7.5%), from €1.5m to €1.6m
of which Trade receivables: +€424,304
- Receivables after one year -€65,426
down €65,426 (-37.7%), from €173,621 to €108,195
Equity and liabilities
- Short-term financial debts +€254,357
up €254,357 (+38.8%), from €655,695 to €910,052
- Debts after one year +€140,475
up €140,475 (+25.0%), from €563,004 to €703,479
- Current portion of long-term debt -€68,881
down €68,881 (-26.2%), from €262,788 to €193,907
- Advances received -€54,803
no longer reported in 2025 (was €54,803)
- Other debts +€48,659
new in 2025: €48,659
Income statement
- Gross operating margin +€149,449
up €149,449 (+18.6%), from €803,474 to €952,923
- Staff costs +€94,744
up €94,744 (+17.1%), from €552,990 to €647,733
- Depreciation +€53,225
up €53,225 (+109.9%), from €48,415 to €101,640
- Financial charges +€31,742
up €31,742 (+29.3%), from €108,497 to €140,239
- Taxes -€23,245
down €23,245 (-36.3%), from €64,025 to €40,780
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
€37,414
Gross operating margin
+€149,449
Staff costs
-€94,744
Depreciation
-€53,225
Other operating charges
-€2,674
Financial income
+€8,764
Financial charges
-€31,742
Taxes
+€23,245
Result 2025
€36,487
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
+€162,216
Investment
-€498,807
Financing
+€325,951
Cash 2024
€243,371
From operations (derived)
+€162,216
Net result for the year
+€36,487
Depreciation
+€101,640
Receivables after one year
+€65,426
Stocks and contracts
-€4,184
Receivables within one year
-€110,416
Deferred charges and accrued income
+€36,686
Trade debts
+€45,381
Tax, wage and social debts
+€3,894
Advances received
-€54,803
Other debts
+€48,659
Accrued charges and deferred income
-€6,553
Investment (derived)
-€498,807
Investment in fixed assets (net)
-€498,807
Financing
+€325,951
Debts after one year
+€140,475
Current portion of long-term debt
-€68,881
Short-term financial debts
+€254,357
Cash 2025
€232,732
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,374,245 | €3,773,261 | +€399,016 | +11.8% |
| Fixed assets | 21/28 | €737,080 | €1,134,247 | +€397,167 | +53.9% |
| Intangible fixed assets | 21 | €9,934 | €7,551 | -€2,383 | -24.0% |
| Tangible fixed assets | 22/27 | €207,741 | €607,291 | +€399,550 | +192.3% |
| Plant, machinery and equipment | 23 | €170,885 | €173,233 | +€2,348 | +1.4% |
| Furniture and vehicles | 24 | €28,089 | €78,463 | +€50,374 | +179.3% |
| Leasing and similar rights | 25 | - | €326,915 | +€326,915 | |
| Other tangible fixed assets | 26 | €8,767 | €28,679 | +€19,912 | +227.1% |
| Financial fixed assets | 28 | €519,406 | €519,406 | = | 0.0% |
| Current assets | 29/58 | €2,637,165 | €2,639,014 | +€1,849 | +0.1% |
| Amounts receivable after more than one year | 29 | €173,621 | €108,195 | -€65,426 | -37.7% |
| Other amounts receivable | 291 | €173,621 | €108,195 | -€65,426 | -37.7% |
| Stocks and contracts in progress | 3 | €575,572 | €579,756 | +€4,184 | +0.7% |
| Stocks | 30/36 | €575,572 | €579,756 | +€4,184 | +0.7% |
| Amounts receivable within one year | 40/41 | €1,466,031 | €1,576,447 | +€110,416 | +7.5% |
| Trade receivables | 40 | €918,742 | €1,343,046 | +€424,304 | +46.2% |
| Other amounts receivable | 41 | €547,289 | €233,401 | -€313,888 | -57.4% |
| Cash at bank and in hand | 54/58 | €243,371 | €232,732 | -€10,639 | -4.4% |
| Deferred charges and accrued income | 490/1 | €178,569 | €141,884 | -€36,686 | -20.5% |
| Total equity and liabilities | 10/49 | €3,374,245 | €3,773,261 | +€399,016 | +11.8% |
| Equity | 10/15 | €755,184 | €791,671 | +€36,487 | +4.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €555,184 | €591,671 | +€36,487 | +6.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,848 | €16,848 | = | 0.0% |
| Distributable reserves | 133 | €518,336 | €554,823 | +€36,487 | +7.0% |
| Amounts payable | 17/49 | €2,619,061 | €2,981,589 | +€362,529 | +13.8% |
| Amounts payable after more than one year | 17 | €563,004 | €703,479 | +€140,475 | +25.0% |
| Financial debts | 170/4 | €563,004 | €703,479 | +€140,475 | +25.0% |
| Amounts payable within one year | 42/48 | €2,043,705 | €2,272,312 | +€228,607 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €262,788 | €193,907 | -€68,881 | -26.2% |
| Financial debts | 43 | €655,695 | €910,052 | +€254,357 | +38.8% |
| Credit institutions | 430/8 | €655,695 | €910,052 | +€254,357 | +38.8% |
| Trade debts | 44 | €1,040,582 | €1,085,962 | +€45,381 | +4.4% |
| Suppliers | 440/4 | €1,040,582 | €1,085,962 | +€45,381 | +4.4% |
| Advances received on contracts in progress | 46 | €54,803 | - | -€54,803 | |
| Taxes, remuneration and social security | 45 | €29,838 | €33,732 | +€3,894 | +13.0% |
| Taxes | 450/3 | €3,606 | - | -€3,606 | |
| Remuneration and social security | 454/9 | €26,233 | €33,732 | +€7,499 | +28.6% |
| Other amounts payable | 47/48 | - | €48,659 | +€48,659 | |
| Accrued charges and deferred income | 492/3 | €12,351 | €5,798 | -€6,553 | -53.1% |
| Non-recurring operating income | 76A | - | €7,454 | +€7,454 | |
| Remuneration, social security and pensions | 62 | €552,990 | €647,733 | +€94,744 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,415 | €101,640 | +€53,225 | +109.9% |
| Other operating charges | 640/8 | €4,801 | €7,475 | +€2,674 | +55.7% |
| Gross operating margin | 9900 | €803,474 | €952,923 | +€149,449 | +18.6% |
| Operating profit (loss) | 9901 | €197,269 | €196,075 | -€1,194 | -0.6% |
| Financial income | 75/76B | €12,667 | €21,431 | +€8,764 | +69.2% |
| Recurring financial income | 75 | €12,667 | €21,431 | +€8,764 | +69.2% |
| Financial charges | 65/66B | €108,497 | €140,239 | +€31,742 | +29.3% |
| Recurring financial charges | 65 | €108,497 | €140,239 | +€31,742 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €101,438 | €77,267 | -€24,172 | -23.8% |
| Income taxes | 67/77 | €64,025 | €40,780 | -€23,245 | -36.3% |
| Profit (loss) for the period | 9904 | €37,414 | €36,487 | -€927 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,414 | €36,487 | -€927 | -2.5% |
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 9 October 2026 via checked.be.