Kanza Group: 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.
Kanza Group
Largest movements
- Receivables within one year +€104,518
up €104,518 (+77.4%), from €135,077 to €239,596
of which Other amounts receivable: +€58,375
- Tangible fixed assets -€6,937
down €6,937 (-72.0%), from €9,638 to €2,701
of which Furniture and vehicles: -€6,040
- Deferred charges and accrued income -€4,888
no longer reported in 2025 (was €4,888)
- Tax, wage and social debts +€61,743
up €61,743 (+47.3%), from €130,428 to €192,171
of which Remuneration and social security: +€69,775
- Reserves +€23,402
up €23,402 (+1,021%), from €2,292 to €25,695
- Other debts +€21,808
new in 2025: €21,808
- Trade debts -€20,285
no longer reported in 2025 (was €20,285)
- Staff costs +€48,564
up €48,564 (+25.8%), from €188,027 to €236,590
- Gross operating margin +€33,944
up €33,944 (+13.7%), from €248,385 to €282,329
- Depreciation -€14,569
down €14,569 (-91.2%), from €15,978 to €1,410
- Other operating charges +€5,617
up €5,617 (+317%), from €1,774 to €7,391
- Financial income +€3,260
up €3,260 (+562%), from €580 to €3,840
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 | €154,355 | €242,378 | +€88,022 | +57.0% |
| Fixed assets | 21/28 | €12,038 | €2,701 | -€9,337 | -77.6% |
| Tangible fixed assets | 22/27 | €9,638 | €2,701 | -€6,937 | -72.0% |
| Plant, machinery and equipment | 23 | €2,598 | €1,701 | -€897 | -34.5% |
| Furniture and vehicles | 24 | €7,040 | €1,000 | -€6,040 | -85.8% |
| Financial fixed assets | 28 | €2,400 | - | -€2,400 | |
| Current assets | 29/58 | €142,318 | €239,677 | +€97,359 | +68.4% |
| Amounts receivable within one year | 40/41 | €135,077 | €239,596 | +€104,518 | +77.4% |
| Trade receivables | 40 | €91,266 | €137,410 | +€46,144 | +50.6% |
| Other amounts receivable | 41 | €43,811 | €102,186 | +€58,375 | +133% |
| Cash at bank and in hand | 54/58 | €2,352 | €81 | -€2,271 | -96.5% |
| Deferred charges and accrued income | 490/1 | €4,888 | - | -€4,888 | |
| Total equity and liabilities | 10/49 | €154,355 | €242,378 | +€88,022 | +57.0% |
| Equity | 10/15 | €3,642 | €27,045 | +€23,402 | +642% |
| Contributions | 10/11 | €1,350 | €1,350 | = | 0.0% |
| Reserves | 13 | €2,292 | €25,695 | +€23,402 | +1,021% |
| Distributable reserves | 133 | €2,292 | €25,695 | +€23,402 | +1,021% |
| Amounts payable | 17/49 | €150,713 | €215,333 | +€64,620 | +42.9% |
| Amounts payable within one year | 42/48 | €150,713 | €215,333 | +€64,620 | +42.9% |
| Financial debts | 43 | - | €1,353 | +€1,353 | |
| Credit institutions | 430/8 | - | €1,353 | +€1,353 | |
| Trade debts | 44 | €20,285 | - | -€20,285 | |
| Suppliers | 440/4 | €20,285 | - | -€20,285 | |
| Taxes, remuneration and social security | 45 | €130,428 | €192,171 | +€61,743 | +47.3% |
| Taxes | 450/3 | €104,805 | €96,773 | -€8,031 | -7.7% |
| Remuneration and social security | 454/9 | €25,623 | €95,398 | +€69,775 | +272% |
| Other amounts payable | 47/48 | - | €21,808 | +€21,808 | |
| Remuneration, social security and pensions | 62 | €188,027 | €236,590 | +€48,564 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,978 | €1,410 | -€14,569 | -91.2% |
| Other operating charges | 640/8 | €1,774 | €7,391 | +€5,617 | +317% |
| Non-recurring operating charges | 66A | - | €6,040 | +€6,040 | |
| Gross operating margin | 9900 | €248,385 | €282,329 | +€33,944 | +13.7% |
| Operating profit (loss) | 9901 | €42,606 | €30,898 | -€11,708 | -27.5% |
| Financial income | 75/76B | €580 | €3,840 | +€3,260 | +562% |
| Recurring financial income | 75 | €580 | €3,840 | +€3,260 | +562% |
| Financial charges | 65/66B | €662 | €1,195 | +€533 | +80.5% |
| Recurring financial charges | 65 | €662 | €1,195 | +€533 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €42,524 | €33,543 | -€8,981 | -21.1% |
| Income taxes | 67/77 | €9,915 | €10,141 | +€226 | +2.3% |
| Profit (loss) for the period | 9904 | €32,609 | €23,402 | -€9,207 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,609 | €23,402 | -€9,207 | -28.2% |
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 22 October 2026 via checked.be.