't KANTIENTJE: 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.
't KANTIENTJE
Largest movements
- Tangible fixed assets -€57,043
down €57,043 (-16.3%), from €350,208 to €293,165
of which Land and buildings: -€47,636
- Cash +€13,077
up €13,077 (+23.8%), from €54,960 to €68,037
mainly Depreciation (+€73,138) and Net result for the year (+€46,615)
- Receivables within one year -€5,939
down €5,939 (-50.1%), from €11,862 to €5,923
of which Trade receivables: -€6,938
- Debts after one year -€99,056
down €99,056 (-36.8%), from €269,026 to €169,970
- Profit (loss) carried forward +€46,615
up €46,615 (+5.8%), from -€800,663 to -€754,047
- Current portion of long-term debt +€11,122
up €11,122 (+13.4%), from €82,739 to €93,861
- Trade debts -€9,122
down €9,122 (-19.0%), from €47,954 to €38,832
- Tax, wage and social debts +€7,424
up €7,424 (+28.3%), from €26,261 to €33,685
of which Remuneration and social security: +€8,693
- Staff costs +€12,633
up €12,633 (+5.7%), from €221,447 to €234,079
- Gross operating margin +€10,976
up €10,976 (+3.1%), from €352,181 to €363,157
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 | €551,622 | €507,810 | -€43,812 | -7.9% |
| Fixed assets | 21/28 | €350,208 | €293,165 | -€57,043 | -16.3% |
| Tangible fixed assets | 22/27 | €350,208 | €293,165 | -€57,043 | -16.3% |
| Land and buildings | 22 | €219,193 | €171,558 | -€47,636 | -21.7% |
| Plant, machinery and equipment | 23 | €95,252 | €90,585 | -€4,667 | -4.9% |
| Furniture and vehicles | 24 | €35,762 | €31,023 | -€4,739 | -13.3% |
| Current assets | 29/58 | €201,414 | €214,645 | +€13,231 | +6.6% |
| Stocks and contracts in progress | 3 | €126,188 | €130,640 | +€4,452 | +3.5% |
| Stocks | 30/36 | €126,188 | €130,640 | +€4,452 | +3.5% |
| Amounts receivable within one year | 40/41 | €11,862 | €5,923 | -€5,939 | -50.1% |
| Trade receivables | 40 | €9,145 | €2,208 | -€6,938 | -75.9% |
| Other amounts receivable | 41 | €2,717 | €3,716 | +€999 | +36.8% |
| Cash at bank and in hand | 54/58 | €54,960 | €68,037 | +€13,077 | +23.8% |
| Deferred charges and accrued income | 490/1 | €8,405 | €10,045 | +€1,640 | +19.5% |
| Total equity and liabilities | 10/49 | €551,622 | €507,810 | -€43,812 | -7.9% |
| Equity | 10/15 | €111,837 | €158,453 | +€46,615 | +41.7% |
| Contributions | 10/11 | €912,500 | €912,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€800,663 | -€754,047 | +€46,615 | +5.8% |
| Amounts payable | 17/49 | €439,785 | €349,357 | -€90,427 | -20.6% |
| Amounts payable after more than one year | 17 | €269,026 | €169,970 | -€99,056 | -36.8% |
| Financial debts | 170/4 | €269,026 | €169,970 | -€99,056 | -36.8% |
| Amounts payable within one year | 42/48 | €170,517 | €179,303 | +€8,786 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €82,739 | €93,861 | +€11,122 | +13.4% |
| Financial debts | 43 | €327 | €434 | +€107 | +32.8% |
| Credit institutions | 430/8 | €327 | €434 | +€107 | +32.8% |
| Trade debts | 44 | €47,954 | €38,832 | -€9,122 | -19.0% |
| Suppliers | 440/4 | €47,954 | €38,832 | -€9,122 | -19.0% |
| Advances received on contracts in progress | 46 | €11,972 | €11,357 | -€615 | -5.1% |
| Taxes, remuneration and social security | 45 | €26,261 | €33,685 | +€7,424 | +28.3% |
| Taxes | 450/3 | €4,168 | €2,898 | -€1,269 | -30.5% |
| Remuneration and social security | 454/9 | €22,093 | €30,786 | +€8,693 | +39.3% |
| Other amounts payable | 47/48 | €1,264 | €1,134 | -€130 | -10.3% |
| Accrued charges and deferred income | 492/3 | €242 | €85 | -€157 | -64.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €221,447 | €234,079 | +€12,633 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,833 | €73,138 | +€1,305 | +1.8% |
| Other operating charges | 640/8 | €4,665 | €4,547 | -€118 | -2.5% |
| Gross operating margin | 9900 | €352,181 | €363,157 | +€10,976 | +3.1% |
| Operating profit (loss) | 9901 | €54,237 | €51,393 | -€2,844 | -5.2% |
| Financial income | 75/76B | €442 | €546 | +€104 | +23.6% |
| Recurring financial income | 75 | €442 | €546 | +€104 | +23.6% |
| Financial charges | 65/66B | €7,530 | €4,771 | -€2,759 | -36.6% |
| Recurring financial charges | 65 | €7,530 | €4,771 | -€2,759 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €47,148 | €47,168 | +€19 | 0.0% |
| Income taxes | 67/77 | €541 | €552 | +€11 | +2.1% |
| Profit (loss) for the period | 9904 | €46,607 | €46,615 | +€8 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,607 | €46,615 | +€8 | 0.0% |
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 30 October 2026 via checked.be.