Kantoor 37: what changed
Kantoor 37
Largest movements
- Receivables within one year -€69,867
down €69,867 (-9.1%), from €769,113 to €699,246
of which Other amounts receivable: -€169,391
- Current investments +€48,000
new in 2026: €48,000
- Cash +€35,996
up €35,996 (+18.3%), from €196,313 to €232,309
mainly Net result for the year (+€230,110) and Receivables within one year (+€69,867)
- Tangible fixed assets +€23,251
up €23,251 (+2.1%), from €1.1m to €1.1m
of which Land and buildings: +€21,982
- Other debts -€253,008
down €253,008 (-92.7%), from €273,008 to €20,000
- Reserves +€230,110
up €230,110 (+44.9%), from €512,785 to €742,895
of which Distributable reserves: +€145,910
- Trade debts -€81,475
down €81,475 (-75.7%), from €107,595 to €26,120
- Debts after one year +€66,687
up €66,687 (+6.5%), from €1.0m to €1.1m
- Tax, wage and social debts +€55,117
up €55,117 (+71.4%), from €77,245 to €132,362
of which Taxes: +€52,925
- Gross operating margin +€126,388
up €126,388 (+26.8%), from €470,794 to €597,183
- Financial charges +€62,053
up €62,053 (+370%), from €16,769 to €78,821
- Depreciation -€56,704
down €56,704 (-57.4%), from €98,788 to €42,084
- Taxes +€21,271
up €21,271 (+23.1%), from €91,934 to €113,205
- Staff costs +€18,483
up €18,483 (+20.5%), from €90,097 to €108,580
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,120,727 | €2,149,423 | +€28,696 | +1.4% |
| Fixed assets | 21/28 | €1,118,377 | €1,141,243 | +€22,866 | +2.0% |
| Intangible fixed assets | 21 | €1,221 | €836 | -€386 | -31.6% |
| Tangible fixed assets | 22/27 | €1,117,156 | €1,140,407 | +€23,251 | +2.1% |
| Land and buildings | 22 | €1,094,677 | €1,116,659 | +€21,982 | +2.0% |
| Plant, machinery and equipment | 23 | €5,971 | €7,358 | +€1,386 | +23.2% |
| Furniture and vehicles | 24 | €16,508 | €16,391 | -€117 | -0.7% |
| Current assets | 29/58 | €1,002,350 | €1,008,180 | +€5,830 | +0.6% |
| Amounts receivable within one year | 40/41 | €769,113 | €699,246 | -€69,867 | -9.1% |
| Trade receivables | 40 | €232,861 | €332,386 | +€99,524 | +42.7% |
| Other amounts receivable | 41 | €536,251 | €366,860 | -€169,391 | -31.6% |
| Current investments | 50/53 | - | €48,000 | +€48,000 | |
| Cash at bank and in hand | 54/58 | €196,313 | €232,309 | +€35,996 | +18.3% |
| Deferred charges and accrued income | 490/1 | €36,924 | €28,625 | -€8,299 | -22.5% |
| Total equity and liabilities | 10/49 | €2,120,727 | €2,149,423 | +€28,696 | +1.4% |
| Equity | 10/15 | €525,185 | €755,295 | +€230,110 | +43.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €512,785 | €742,895 | +€230,110 | +44.9% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €512,785 | €658,695 | +€145,910 | +28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,595,542 | €1,394,128 | -€201,414 | -12.6% |
| Amounts payable after more than one year | 17 | €1,023,155 | €1,089,841 | +€66,687 | +6.5% |
| Financial debts | 170/4 | €1,023,155 | €1,089,841 | +€66,687 | +6.5% |
| Amounts payable within one year | 42/48 | €572,387 | €304,287 | -€268,100 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €49,909 | €84,645 | +€34,736 | +69.6% |
| Financial debts | 43 | €41,035 | €41,160 | +€125 | +0.3% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €16,035 | €16,160 | +€125 | +0.8% |
| Trade debts | 44 | €107,595 | €26,120 | -€81,475 | -75.7% |
| Suppliers | 440/4 | €107,595 | €26,120 | -€81,475 | -75.7% |
| Advances received on contracts in progress | 46 | €23,596 | €0 | -€23,596 | -100% |
| Taxes, remuneration and social security | 45 | €77,245 | €132,362 | +€55,117 | +71.4% |
| Taxes | 450/3 | €70,427 | €123,352 | +€52,925 | +75.1% |
| Remuneration and social security | 454/9 | €6,818 | €9,010 | +€2,192 | +32.1% |
| Other amounts payable | 47/48 | €273,008 | €20,000 | -€253,008 | -92.7% |
| Non-recurring operating income | 76A | €0 | €723 | +€723 | |
| Remuneration, social security and pensions | 62 | €90,097 | €108,580 | +€18,483 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,788 | €42,084 | -€56,704 | -57.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €850 | +€850 | |
| Other operating charges | 640/8 | €14,388 | €13,727 | -€661 | -4.6% |
| Non-recurring operating charges | 66A | - | €9,805 | +€9,805 | |
| Gross operating margin | 9900 | €470,794 | €597,183 | +€126,388 | +26.8% |
| Operating profit (loss) | 9901 | €267,521 | €422,136 | +€154,615 | +57.8% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €16,769 | €78,821 | +€62,053 | +370% |
| Recurring financial charges | 65 | €16,769 | €78,821 | +€62,053 | +370% |
| Profit (loss) for the period before taxes | 9903 | €250,764 | €343,315 | +€92,551 | +36.9% |
| Income taxes | 67/77 | €91,934 | €113,205 | +€21,271 | +23.1% |
| Profit (loss) for the period | 9904 | €158,830 | €230,110 | +€71,280 | +44.9% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €158,830 | €145,910 | -€12,920 | -8.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.