KANVAS: 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.
KANVAS
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Stocks and contracts +€59,452
up €59,452 (+24.4%), from €243,434 to €302,887
of which Stocks: +€59,452
- Tangible fixed assets +€41,432
up €41,432 (+21.3%), from €194,807 to €236,239
of which Furniture and vehicles: +€47,165
- Advances received +€117,206
up €117,206 (+85.3%), from €137,395 to €254,601
- Reserves +€84,311
up €84,311 (+25.5%), from €331,081 to €415,392
of which Distributable reserves: +€84,311
- Current portion of long-term debt +€52,301
up €52,301 (+148.2%), from €35,285 to €87,586
- Trade debts +€25,876
up €25,876 (+31.9%), from €81,092 to €106,968
- Debts after one year +€18,200
up €18,200 (+62.2%), from €29,264 to €47,464
- Gross operating margin +€62,011
up €62,011 (+9.0%), from €691,128 to €753,139
- Staff costs +€52,624
up €52,624 (+10.6%), from €497,420 to €550,044
- Depreciation +€19,352
up €19,352 (+43.0%), from €45,009 to €64,361
- Taxes -€10,923
down €10,923 (-24.8%), from €44,123 to €33,200
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 | €747,215 | €1,053,333 | +€306,118 | +41.0% |
| Fixed assets | 21/28 | €202,048 | €241,720 | +€39,672 | +19.6% |
| Intangible fixed assets | 21 | €2,991 | €1,231 | -€1,760 | -58.8% |
| Tangible fixed assets | 22/27 | €194,807 | €236,239 | +€41,432 | +21.3% |
| Plant, machinery and equipment | 23 | €66,298 | €93,182 | +€26,884 | +40.5% |
| Furniture and vehicles | 24 | €11,049 | €58,213 | +€47,165 | +426.9% |
| Leasing and similar rights | 25 | €73,496 | €45,689 | -€27,807 | -37.8% |
| Other tangible fixed assets | 26 | €43,964 | €39,155 | -€4,809 | -10.9% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €545,168 | €811,613 | +€266,445 | +48.9% |
| Stocks and contracts in progress | 3 | €243,434 | €302,887 | +€59,452 | +24.4% |
| Stocks | 30/36 | €243,434 | €302,887 | +€59,452 | +24.4% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €160,414 | €163,996 | +€3,583 | +2.2% |
| Trade receivables | 40 | €138,014 | €119,349 | -€18,665 | -13.5% |
| Other amounts receivable | 41 | €22,400 | €44,647 | +€22,247 | +99.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €114,816 | €114,241 | -€576 | -0.5% |
| Deferred charges and accrued income | 490/1 | €26,503 | €30,490 | +€3,986 | +15.0% |
| Total equity and liabilities | 10/49 | €747,215 | €1,053,333 | +€306,118 | +41.0% |
| Equity | 10/15 | €337,281 | €421,592 | +€84,311 | +25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €331,081 | €415,392 | +€84,311 | +25.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €331,081 | €415,392 | +€84,311 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €409,934 | €631,741 | +€221,807 | +54.1% |
| Amounts payable after more than one year | 17 | €29,264 | €47,464 | +€18,200 | +62.2% |
| Financial debts | 170/4 | €29,264 | €47,464 | +€18,200 | +62.2% |
| Amounts payable within one year | 42/48 | €375,866 | €577,655 | +€201,789 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €35,285 | €87,586 | +€52,301 | +148.2% |
| Trade debts | 44 | €81,092 | €106,968 | +€25,876 | +31.9% |
| Suppliers | 440/4 | €81,092 | €106,968 | +€25,876 | +31.9% |
| Advances received on contracts in progress | 46 | €137,395 | €254,601 | +€117,206 | +85.3% |
| Taxes, remuneration and social security | 45 | €33,868 | €41,717 | +€7,850 | +23.2% |
| Taxes | 450/3 | €1,761 | €2,030 | +€269 | +15.3% |
| Remuneration and social security | 454/9 | €32,107 | €39,688 | +€7,581 | +23.6% |
| Other amounts payable | 47/48 | €88,226 | €86,782 | -€1,444 | -1.6% |
| Accrued charges and deferred income | 492/3 | €4,805 | €6,623 | +€1,818 | +37.8% |
| Remuneration, social security and pensions | 62 | €497,420 | €550,044 | +€52,624 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,009 | €64,361 | +€19,352 | +43.0% |
| Other operating charges | 640/8 | €14,210 | €8,057 | -€6,153 | -43.3% |
| Gross operating margin | 9900 | €691,128 | €753,139 | +€62,011 | +9.0% |
| Operating profit (loss) | 9901 | €134,489 | €130,677 | -€3,812 | -2.8% |
| Financial income | 75/76B | €783 | €350 | -€433 | -55.3% |
| Recurring financial income | 75 | €783 | €350 | -€433 | -55.3% |
| Financial charges | 65/66B | €10,560 | €13,517 | +€2,957 | +28.0% |
| Recurring financial charges | 65 | €10,560 | €13,517 | +€2,957 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €124,712 | €117,511 | -€7,202 | -5.8% |
| Income taxes | 67/77 | €44,123 | €33,200 | -€10,923 | -24.8% |
| Profit (loss) for the period | 9904 | €80,589 | €84,311 | +€3,722 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,589 | €84,311 | +€3,722 | +4.6% |
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 12 October 2026 via checked.be.