A. KHAN: 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.
A. KHAN
Largest movements
- Receivables within one year +€84,727
up €84,727 (+2,648%), from €3,200 to €87,927
of which Trade receivables: +€87,927
- Profit (loss) carried forward +€83,421
up €83,421, from -€41,165 to €42,256
- Trade debts +€18,421
up €18,421 (+88.4%), from €20,848 to €39,269
- Debts after one year -€13,428
no longer reported in 2025 (was €13,428)
- Other debts -€7,745
down €7,745 (-18.6%), from €41,693 to €33,948
- Tax, wage and social debts +€4,109
new in 2025: €4,109
- Turnover +€283,016
up €283,016 (+32.0%), from €884,738 to €1.2m
- Purchases and services +€254,890
up €254,890 (+31.8%), from €801,860 to €1.1m
- Gross operating margin +€28,125
up €28,125 (+33.9%), from €82,878 to €111,003
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 | €69,029 | €153,806 | +€84,777 | +123% |
| Fixed assets | 21/28 | €34,318 | €33,815 | -€503 | -1.5% |
| Tangible fixed assets | 22/27 | €17,085 | €16,582 | -€503 | -2.9% |
| Furniture and vehicles | 24 | €17,085 | €16,582 | -€503 | -2.9% |
| Financial fixed assets | 28 | €17,233 | €17,233 | = | 0.0% |
| Current assets | 29/58 | €34,711 | €119,991 | +€85,280 | +246% |
| Stocks and contracts in progress | 3 | €26,046 | €26,046 | = | 0.0% |
| Stocks | 30/36 | €26,046 | €26,046 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,200 | €87,927 | +€84,727 | +2,648% |
| Trade receivables | 40 | - | €87,927 | +€87,927 | |
| Other amounts receivable | 41 | €3,200 | - | -€3,200 | |
| Cash at bank and in hand | 54/58 | €5,465 | €6,018 | +€553 | +10.1% |
| Total equity and liabilities | 10/49 | €69,029 | €153,806 | +€84,777 | +123% |
| Equity | 10/15 | -€6,940 | €76,480 | +€83,420 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,625 | €15,624 | -€1 | 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% |
| Distributable reserves | 133 | €13,765 | €13,764 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€41,165 | €42,256 | +€83,421 | |
| Amounts payable | 17/49 | €75,969 | €77,326 | +€1,357 | +1.8% |
| Amounts payable after more than one year | 17 | €13,428 | - | -€13,428 | |
| Financial debts | 170/4 | €13,428 | - | -€13,428 | |
| Amounts payable within one year | 42/48 | €62,541 | €77,326 | +€14,785 | +23.6% |
| Trade debts | 44 | €20,848 | €39,269 | +€18,421 | +88.4% |
| Suppliers | 440/4 | €20,848 | €39,269 | +€18,421 | +88.4% |
| Taxes, remuneration and social security | 45 | - | €4,109 | +€4,109 | |
| Taxes | 450/3 | - | €4,109 | +€4,109 | |
| Other amounts payable | 47/48 | €41,693 | €33,948 | -€7,745 | -18.6% |
| Turnover | 70 | €884,738 | €1,167,754 | +€283,016 | +32.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €801,860 | €1,056,750 | +€254,890 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,389 | €13,503 | +€10,114 | +298% |
| Other operating charges | 640/8 | €3,456 | €5,185 | +€1,729 | +50.0% |
| Gross operating margin | 9900 | €82,878 | €111,003 | +€28,125 | +33.9% |
| Operating profit (loss) | 9901 | €76,033 | €92,315 | +€16,282 | +21.4% |
| Financial income | 75/76B | €2,000 | €161 | -€1,839 | -92.0% |
| Recurring financial income | 75 | €2,000 | €161 | -€1,839 | -92.0% |
| Non-recurring financial income | 76B | - | €161 | +€161 | |
| Financial charges | 65/66B | €142 | €266 | +€124 | +87.3% |
| Recurring financial charges | 65 | €142 | €266 | +€124 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €77,891 | €92,210 | +€14,319 | +18.4% |
| Income taxes | 67/77 | - | €8,796 | +€8,796 | |
| Profit (loss) for the period | 9904 | €77,891 | €83,414 | +€5,523 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,891 | €83,414 | +€5,523 | +7.1% |
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 15 October 2026 via checked.be.