KTANESTH: 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.
KTANESTH
Largest movements
- Receivables within one year +€15,062
up €15,062 (+6.7%), from €223,995 to €239,057
of which Other amounts receivable: +€15,168
- Cash -€7,142
down €7,142 (-20.4%), from €35,001 to €27,860
mainly Contributions, distributions and other (-€104,433) and Receivables within one year (-€15,062)
- Current portion of long-term debt +€14,673
new in 2025: €14,673
- Tax, wage and social debts -€5,344
down €5,344 (-7.0%), from €76,718 to €71,374
- Taxes -€7,328
down €7,328 (-17.7%), from €41,424 to €34,096
- Financial income +€5,958
up €5,958 (+66.5%), from €8,959 to €14,917
- Gross operating margin -€4,825
down €4,825 (-3.6%), from €133,535 to €128,710
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 | €264,292 | €274,783 | +€10,490 | +4.0% |
| Fixed assets | 21/28 | €4,834 | €5,388 | +€554 | +11.5% |
| Tangible fixed assets | 22/27 | €4,834 | €5,388 | +€554 | +11.5% |
| Furniture and vehicles | 24 | €4,834 | €5,388 | +€554 | +11.5% |
| Current assets | 29/58 | €259,458 | €269,394 | +€9,936 | +3.8% |
| Amounts receivable within one year | 40/41 | €223,995 | €239,057 | +€15,062 | +6.7% |
| Trade receivables | 40 | €106 | - | -€106 | |
| Other amounts receivable | 41 | €223,889 | €239,057 | +€15,168 | +6.8% |
| Cash at bank and in hand | 54/58 | €35,001 | €27,860 | -€7,142 | -20.4% |
| Deferred charges and accrued income | 490/1 | €462 | €2,477 | +€2,016 | +436% |
| Total equity and liabilities | 10/49 | €264,292 | €274,783 | +€10,490 | +4.0% |
| Equity | 10/15 | €187,389 | €187,389 | = | 0.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €183,889 | €183,889 | = | 0.0% |
| Distributable reserves | 133 | €183,889 | €183,889 | = | 0.0% |
| Amounts payable | 17/49 | €76,904 | €87,394 | +€10,490 | +13.6% |
| Amounts payable within one year | 42/48 | €76,904 | €87,394 | +€10,490 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,673 | +€14,673 | |
| Trade debts | 44 | €186 | €1,347 | +€1,162 | +626% |
| Suppliers | 440/4 | €186 | €1,347 | +€1,162 | +626% |
| Taxes, remuneration and social security | 45 | €76,718 | €71,374 | -€5,344 | -7.0% |
| Taxes | 450/3 | €76,718 | €71,374 | -€5,344 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,583 | €2,586 | +€1,003 | +63.4% |
| Gross operating margin | 9900 | €133,535 | €128,710 | -€4,825 | -3.6% |
| Operating profit (loss) | 9901 | €131,952 | €126,124 | -€5,827 | -4.4% |
| Financial income | 75/76B | €8,959 | €14,917 | +€5,958 | +66.5% |
| Recurring financial income | 75 | €8,959 | €14,917 | +€5,958 | +66.5% |
| Financial charges | 65/66B | €2,224 | €2,512 | +€288 | +12.9% |
| Recurring financial charges | 65 | €2,224 | €2,512 | +€288 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €138,687 | €138,530 | -€157 | -0.1% |
| Income taxes | 67/77 | €41,424 | €34,096 | -€7,328 | -17.7% |
| Profit (loss) for the period | 9904 | €97,263 | €104,433 | +€7,171 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €97,263 | €104,433 | +€7,171 | +7.4% |
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 19 October 2026 via checked.be.