KANTOS: 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.
KANTOS
Largest movements
- Cash +€39,498
up €39,498 (+25.8%), from €153,130 to €192,628
mainly Other debts (+€50,391) and Depreciation (+€32,616)
- Receivables within one year -€11,365
down €11,365 (-20.4%), from €55,701 to €44,335
of which Trade receivables: -€44,596
- Tangible fixed assets +€9,771
up €9,771 (+1.9%), from €507,103 to €516,874
of which Furniture and vehicles: +€36,424
- Other debts +€50,391
up €50,391 (+102.3%), from €49,267 to €99,659
- Debts after one year -€25,433
down €25,433 (-24.0%), from €105,894 to €80,461
- Reserves +€13,672
up €13,672 (+5.1%), from €266,061 to €279,733
of which Distributable reserves: +€14,854
- Gross operating margin -€164,520
down €164,520 (-71.9%), from €228,668 to €64,148
- Taxes -€49,722
down €49,722 (-87.4%), from €56,880 to €7,158
- Depreciation +€3,648
up €3,648 (+12.6%), from €28,968 to €32,616
- Financial charges +€3,256
up €3,256 (+66.9%), from €4,868 to €8,124
- Other operating charges -€2,677
down €2,677 (-35.2%), from €7,600 to €4,924
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €717,763 | €754,793 | +€37,030 | +5.2% |
| Fixed assets | 21/28 | €507,103 | €516,874 | +€9,771 | +1.9% |
| Tangible fixed assets | 22/27 | €507,103 | €516,874 | +€9,771 | +1.9% |
| Land and buildings | 22 | €507,103 | €480,450 | -€26,653 | -5.3% |
| Furniture and vehicles | 24 | €0 | €36,424 | +€36,424 | |
| Current assets | 29/58 | €210,660 | €237,919 | +€27,259 | +12.9% |
| Amounts receivable within one year | 40/41 | €55,701 | €44,335 | -€11,365 | -20.4% |
| Trade receivables | 40 | €55,229 | €10,634 | -€44,596 | -80.7% |
| Other amounts receivable | 41 | €472 | €33,702 | +€33,230 | +7047.2% |
| Cash at bank and in hand | 54/58 | €153,130 | €192,628 | +€39,498 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,829 | €956 | -€874 | -47.8% |
| Total equity and liabilities | 10/49 | €717,763 | €754,793 | +€37,030 | +5.2% |
| Equity | 10/15 | €488,432 | €502,104 | +€13,672 | +2.8% |
| Contributions | 10/11 | €222,372 | €222,372 | = | 0.0% |
| Reserves | 13 | €266,061 | €279,733 | +€13,672 | +5.1% |
| Tax-exempt reserves | 132 | €15,105 | €13,923 | -€1,182 | -7.8% |
| Distributable reserves | 133 | €250,955 | €265,810 | +€14,854 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €1,973 | €1,579 | -€394 | -20.0% |
| Deferred taxes | 168 | €1,973 | €1,579 | -€394 | -20.0% |
| Amounts payable | 17/49 | €227,358 | €251,110 | +€23,752 | +10.4% |
| Amounts payable after more than one year | 17 | €105,894 | €80,461 | -€25,433 | -24.0% |
| Financial debts | 170/4 | €105,894 | €80,461 | -€25,433 | -24.0% |
| Amounts payable within one year | 42/48 | €120,459 | €169,944 | +€49,485 | +41.1% |
| Current portion of amounts payable after more than one year | 42 | €29,714 | €30,041 | +€327 | +1.1% |
| Trade debts | 44 | €27,669 | €30,623 | +€2,954 | +10.7% |
| Suppliers | 440/4 | €27,669 | €30,623 | +€2,954 | +10.7% |
| Taxes, remuneration and social security | 45 | €13,809 | €9,622 | -€4,188 | -30.3% |
| Taxes | 450/3 | €8,112 | €9,622 | +€1,509 | +18.6% |
| Remuneration and social security | 454/9 | €5,697 | €0 | -€5,697 | -100.0% |
| Other amounts payable | 47/48 | €49,267 | €99,659 | +€50,391 | +102.3% |
| Accrued charges and deferred income | 492/3 | €1,005 | €705 | -€300 | -29.8% |
| Non-recurring operating income | 76A | - | €6,380 | +€6,380 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,968 | €32,616 | +€3,648 | +12.6% |
| Other operating charges | 640/8 | €7,600 | €4,924 | -€2,677 | -35.2% |
| Gross operating margin | 9900 | €228,668 | €64,148 | -€164,520 | -71.9% |
| Operating profit (loss) | 9901 | €192,100 | €26,609 | -€165,491 | -86.1% |
| Financial income | 75/76B | €1,571 | €3,617 | +€2,046 | +130.2% |
| Recurring financial income | 75 | €1,571 | €3,617 | +€2,046 | +130.2% |
| Financial charges | 65/66B | €4,868 | €8,124 | +€3,256 | +66.9% |
| Recurring financial charges | 65 | €4,868 | €8,124 | +€3,256 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €188,803 | €22,102 | -€166,701 | -88.3% |
| Transfer from deferred taxes | 780 | €394 | €394 | = | 0.0% |
| Income taxes | 67/77 | €56,880 | €7,158 | -€49,722 | -87.4% |
| Profit (loss) for the period | 9904 | €132,317 | €15,338 | -€116,979 | -88.4% |
| Transfer from tax-exempt reserves | 789 | €1,182 | €1,182 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,499 | €16,520 | -€116,979 | -87.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.