DR. KIM KHUU: what changed
DR. KIM KHUU
Largest movements
- Cash -€35,705
down €35,705 (-24.0%), from €148,476 to €112,771
mainly Other debts (-€38,252) and Debts after one year (-€14,398)
- Tangible fixed assets -€19,975
down €19,975 (-26.4%), from €75,555 to €55,580
of which Furniture and vehicles: -€14,612
- Deferred charges and accrued income +€9,584
up €9,584 (+256%), from €3,748 to €13,332
- Other debts -€38,252
down €38,252 (-59.2%), from €64,562 to €26,311
- Debts after one year -€14,398
down €14,398 (-47.2%), from €30,518 to €16,121
- Tax, wage and social debts +€4,297
up €4,297 (+84.1%), from €5,108 to €9,405
of which Remuneration and social security: +€9,405
- Gross operating margin -€30,584
down €30,584 (-48.6%), from €62,908 to €32,324
- Taxes -€4,753
down €4,753 (-57.0%), from €8,342 to €3,589
- Other operating charges +€883
up €883 (+71.5%), from €1,236 to €2,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,627 | €193,602 | -€46,026 | -19.2% |
| Formation expenses | 20 | €108 | €0 | -€108 | -100% |
| Fixed assets | 21/28 | €76,905 | €56,930 | -€19,975 | -26.0% |
| Tangible fixed assets | 22/27 | €75,555 | €55,580 | -€19,975 | -26.4% |
| Land and buildings | 22 | €12,126 | €10,741 | -€1,385 | -11.4% |
| Plant, machinery and equipment | 23 | €13,426 | €9,447 | -€3,978 | -29.6% |
| Furniture and vehicles | 24 | €50,003 | €35,391 | -€14,612 | -29.2% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €162,614 | €136,672 | -€25,942 | -16.0% |
| Amounts receivable within one year | 40/41 | €10,391 | €10,568 | +€178 | +1.7% |
| Trade receivables | 40 | €8,733 | - | -€8,733 | |
| Other amounts receivable | 41 | €1,658 | €10,568 | +€8,911 | +537% |
| Cash at bank and in hand | 54/58 | €148,476 | €112,771 | -€35,705 | -24.0% |
| Deferred charges and accrued income | 490/1 | €3,748 | €13,332 | +€9,584 | +256% |
| Total equity and liabilities | 10/49 | €239,627 | €193,602 | -€46,026 | -19.2% |
| Equity | 10/15 | €122,548 | €124,787 | +€2,239 | +1.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €2,239 | +€2,239 | |
| Distributable reserves | 133 | - | €2,239 | +€2,239 | |
| Profit (loss) carried forward | 14 | €112,548 | €112,548 | = | 0.0% |
| Amounts payable | 17/49 | €117,079 | €68,815 | -€48,264 | -41.2% |
| Amounts payable after more than one year | 17 | €30,518 | €16,121 | -€14,398 | -47.2% |
| Financial debts | 170/4 | €30,518 | €16,121 | -€14,398 | -47.2% |
| Amounts payable within one year | 42/48 | €86,561 | €52,694 | -€33,866 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €13,949 | €14,398 | +€449 | +3.2% |
| Trade debts | 44 | €2,942 | €2,581 | -€360 | -12.3% |
| Suppliers | 440/4 | €2,942 | €2,581 | -€360 | -12.3% |
| Taxes, remuneration and social security | 45 | €5,108 | €9,405 | +€4,297 | +84.1% |
| Taxes | 450/3 | €5,108 | - | -€5,108 | |
| Remuneration and social security | 454/9 | - | €9,405 | +€9,405 | |
| Other amounts payable | 47/48 | €64,562 | €26,311 | -€38,252 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,640 | €23,038 | +€398 | +1.8% |
| Other operating charges | 640/8 | €1,236 | €2,119 | +€883 | +71.5% |
| Gross operating margin | 9900 | €62,908 | €32,324 | -€30,584 | -48.6% |
| Operating profit (loss) | 9901 | €39,032 | €7,166 | -€31,865 | -81.6% |
| Financial income | 75/76B | €1 | €1 | -€0 | -25.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -25.4% |
| Financial charges | 65/66B | €1,968 | €1,340 | -€628 | -31.9% |
| Recurring financial charges | 65 | €1,968 | €1,340 | -€628 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | €37,065 | €5,828 | -€31,237 | -84.3% |
| Income taxes | 67/77 | €8,342 | €3,589 | -€4,753 | -57.0% |
| Profit (loss) for the period | 9904 | €28,723 | €2,239 | -€26,484 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,723 | €2,239 | -€26,484 | -92.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.