Kantoor Express: 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.
Kantoor Express
Largest movements
- Tangible fixed assets +€7,160
up €7,160 (+1,266%), from €565 to €7,726
of which Furniture and vehicles: +€7,726
- Stocks and contracts +€5,583
up €5,583 (+19.2%), from €29,128 to €34,711
- Deferred charges and accrued income +€2,341
up €2,341 (+1,113%), from €210 to €2,551
- Cash +€1,789
up €1,789 (+19.1%), from €9,352 to €11,141
mainly Trade debts (+€5,734) and Debts after one year (+€5,537)
- Intangible fixed assets -€1,359
down €1,359 (-27.7%), from €4,901 to €3,542
- Trade debts +€5,734
up €5,734 (+26.8%), from €21,376 to €27,110
- Debts after one year +€5,537
new in 2025: €5,537
- Current portion of long-term debt +€2,215
new in 2025: €2,215
- Gross operating margin +€2,054
up €2,054 (+59.5%), from €3,453 to €5,507
- Depreciation +€1,613
up €1,613 (+91.4%), from €1,765 to €3,378
- Financial charges +€566
up €566 (+192%), from €295 to €861
- Financial income -€297
down €297 (-90.9%), from €327 to €30
- Other operating charges -€230
down €230 (-22.1%), from €1,041 to €810
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 | €76,114 | €90,452 | +€14,338 | +18.8% |
| Fixed assets | 21/28 | €8,767 | €14,568 | +€5,801 | +66.2% |
| Intangible fixed assets | 21 | €4,901 | €3,542 | -€1,359 | -27.7% |
| Tangible fixed assets | 22/27 | €565 | €7,726 | +€7,160 | +1,266% |
| Plant, machinery and equipment | 23 | €565 | €0 | -€565 | -100% |
| Furniture and vehicles | 24 | €0 | €7,726 | +€7,726 | |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €67,348 | €75,885 | +€8,537 | +12.7% |
| Stocks and contracts in progress | 3 | €29,128 | €34,711 | +€5,583 | +19.2% |
| Stocks | 30/36 | €29,128 | €34,711 | +€5,583 | +19.2% |
| Amounts receivable within one year | 40/41 | €28,658 | €27,482 | -€1,176 | -4.1% |
| Trade receivables | 40 | €27,358 | €26,307 | -€1,052 | -3.8% |
| Other amounts receivable | 41 | €1,300 | €1,175 | -€125 | -9.6% |
| Cash at bank and in hand | 54/58 | €9,352 | €11,141 | +€1,789 | +19.1% |
| Deferred charges and accrued income | 490/1 | €210 | €2,551 | +€2,341 | +1,113% |
| Total equity and liabilities | 10/49 | €76,114 | €90,452 | +€14,338 | +18.8% |
| Equity | 10/15 | €34,217 | €34,536 | +€320 | +0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,100 | €5,100 | = | 0.0% |
| Distributable reserves | 133 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,117 | €9,436 | +€320 | +3.5% |
| Amounts payable | 17/49 | €41,898 | €55,916 | +€14,018 | +33.5% |
| Amounts payable after more than one year | 17 | - | €5,537 | +€5,537 | |
| Financial debts | 170/4 | - | €5,537 | +€5,537 | |
| Amounts payable within one year | 42/48 | €40,461 | €48,942 | +€8,481 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | - | €2,215 | +€2,215 | |
| Trade debts | 44 | €21,376 | €27,110 | +€5,734 | +26.8% |
| Suppliers | 440/4 | €21,376 | €27,110 | +€5,734 | +26.8% |
| Taxes, remuneration and social security | 45 | €9,640 | €10,227 | +€587 | +6.1% |
| Taxes | 450/3 | €515 | €2,577 | +€2,062 | +400% |
| Remuneration and social security | 454/9 | €9,125 | €7,650 | -€1,475 | -16.2% |
| Other amounts payable | 47/48 | €9,445 | €9,390 | -€55 | -0.6% |
| Accrued charges and deferred income | 492/3 | €1,437 | €1,437 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €3,378 | +€1,613 | +91.4% |
| Other operating charges | 640/8 | €1,041 | €810 | -€230 | -22.1% |
| Gross operating margin | 9900 | €3,453 | €5,507 | +€2,054 | +59.5% |
| Operating profit (loss) | 9901 | €647 | €1,318 | +€671 | +104% |
| Financial income | 75/76B | €327 | €30 | -€297 | -90.9% |
| Recurring financial income | 75 | €327 | €30 | -€297 | -90.9% |
| Financial charges | 65/66B | €295 | €861 | +€566 | +192% |
| Recurring financial charges | 65 | €295 | €861 | +€566 | +192% |
| Profit (loss) for the period before taxes | 9903 | €678 | €486 | -€192 | -28.3% |
| Income taxes | 67/77 | €0 | €167 | +€167 | |
| Profit (loss) for the period | 9904 | €678 | €320 | -€358 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €678 | €320 | -€358 | -52.9% |
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 13 October 2026 via checked.be.