KANZ: 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.
KANZ
Largest movements
- Receivables within one year -€49,559
down €49,559 (-46.8%), from €105,784 to €56,225
of which Trade receivables: -€49,559
- Cash +€43,803
up €43,803 (+159%), from €27,580 to €71,383
mainly Receivables within one year (+€49,559) and Net result for the year (+€35,663)
- Current investments +€3,578
up €3,578 (+12.8%), from €27,941 to €31,519
- Tangible fixed assets -€1,924
down €1,924 (-73.2%), from €2,627 to €703
- Profit (loss) carried forward +€35,663
up €35,663 (+45.5%), from €78,313 to €113,977
- Trade debts -€34,728
down €34,728 (-96.9%), from €35,831 to €1,104
- Tax, wage and social debts -€6,873
down €6,873 (-24.5%), from €28,082 to €21,210
of which Remuneration and social security: -€5,222
- Other debts +€1,863
up €1,863 (+20.7%), from €9,013 to €10,876
- Financial charges -€15,051
down €15,051, from €11,519 to -€3,531
- Staff costs -€6,590
down €6,590 (-26.8%), from €24,630 to €18,041
- Gross operating margin +€6,432
up €6,432 (+10.8%), from €59,397 to €65,830
- Taxes +€3,212
up €3,212 (+32.8%), from €9,788 to €13,000
- Depreciation -€1,083
down €1,083 (-32.5%), from €3,332 to €2,249
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 | €165,500 | €161,426 | -€4,074 | -2.5% |
| Fixed assets | 21/28 | €2,627 | €703 | -€1,924 | -73.2% |
| Tangible fixed assets | 22/27 | €2,627 | €703 | -€1,924 | -73.2% |
| Furniture and vehicles | 24 | €2,627 | €703 | -€1,924 | -73.2% |
| Current assets | 29/58 | €162,873 | €160,723 | -€2,150 | -1.3% |
| Amounts receivable within one year | 40/41 | €105,784 | €56,225 | -€49,559 | -46.8% |
| Trade receivables | 40 | €63,434 | €13,875 | -€49,559 | -78.1% |
| Other amounts receivable | 41 | €42,350 | €42,350 | = | 0.0% |
| Current investments | 50/53 | €27,941 | €31,519 | +€3,578 | +12.8% |
| Cash at bank and in hand | 54/58 | €27,580 | €71,383 | +€43,803 | +159% |
| Deferred charges and accrued income | 490/1 | €1,568 | €1,596 | +€28 | +1.8% |
| Total equity and liabilities | 10/49 | €165,500 | €161,426 | -€4,074 | -2.5% |
| Equity | 10/15 | €92,573 | €128,237 | +€35,663 | +38.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,313 | €113,977 | +€35,663 | +45.5% |
| Amounts payable | 17/49 | €72,927 | €33,190 | -€39,737 | -54.5% |
| Amounts payable within one year | 42/48 | €72,927 | €33,190 | -€39,737 | -54.5% |
| Trade debts | 44 | €35,831 | €1,104 | -€34,728 | -96.9% |
| Suppliers | 440/4 | €35,831 | €1,104 | -€34,728 | -96.9% |
| Taxes, remuneration and social security | 45 | €28,082 | €21,210 | -€6,873 | -24.5% |
| Taxes | 450/3 | €22,860 | €21,210 | -€1,651 | -7.2% |
| Remuneration and social security | 454/9 | €5,222 | - | -€5,222 | |
| Other amounts payable | 47/48 | €9,013 | €10,876 | +€1,863 | +20.7% |
| Remuneration, social security and pensions | 62 | €24,630 | €18,041 | -€6,590 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,332 | €2,249 | -€1,083 | -32.5% |
| Other operating charges | 640/8 | €347 | €607 | +€260 | +74.8% |
| Gross operating margin | 9900 | €59,397 | €65,830 | +€6,432 | +10.8% |
| Operating profit (loss) | 9901 | €31,087 | €44,933 | +€13,845 | +44.5% |
| Financial income | 75/76B | - | €199 | +€199 | |
| Recurring financial income | 75 | - | €199 | +€199 | |
| Financial charges | 65/66B | €11,519 | -€3,531 | -€15,051 | |
| Recurring financial charges | 65 | €11,519 | -€3,531 | -€15,051 | |
| Profit (loss) for the period before taxes | 9903 | €19,568 | €48,663 | +€29,095 | +149% |
| Income taxes | 67/77 | €9,788 | €13,000 | +€3,212 | +32.8% |
| Profit (loss) for the period | 9904 | €9,780 | €35,663 | +€25,883 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €9,780 | €35,663 | +€25,883 | +265% |
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 16 October 2026 via checked.be.