K.H.A.B.: 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.
K.H.A.B.
Largest movements
- Receivables within one year +€38,742
up €38,742 (+336%), from €11,515 to €50,256
of which Trade receivables: +€44,919
- Other debts +€52,584
up €52,584 (+69.8%), from €75,378 to €127,962
- Profit (loss) carried forward -€30,216
down €30,216 (-2.5%), from -€1.2m to -€1.3m
- Trade debts +€14,745
up €14,745 (+40.5%), from €36,452 to €51,197
- Depreciation -€39,030
down €39,030 (-96.8%), from €40,306 to €1,277
- Gross operating margin +€16,082
up €16,082 (+74.8%), from -€21,512 to -€5,430
- Other operating charges +€703
up €703 (+3.2%), from €22,102 to €22,806
- Financial charges +€260
up €260 (+58.5%), from €444 to €703
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 | €552,409 | €589,531 | +€37,123 | +6.7% |
| Fixed assets | 21/28 | €364,834 | €368,718 | +€3,884 | +1.1% |
| Tangible fixed assets | 22/27 | €364,834 | €368,718 | +€3,884 | +1.1% |
| Land and buildings | 22 | €361,870 | €361,250 | -€619 | -0.2% |
| Plant, machinery and equipment | 23 | €2,964 | €7,468 | +€4,504 | +152% |
| Current assets | 29/58 | €187,575 | €220,813 | +€33,238 | +17.7% |
| Amounts receivable within one year | 40/41 | €11,515 | €50,256 | +€38,742 | +336% |
| Trade receivables | 40 | €15 | €44,933 | +€44,919 | +308,506% |
| Other amounts receivable | 41 | €11,500 | €5,323 | -€6,177 | -53.7% |
| Cash at bank and in hand | 54/58 | €174,827 | €169,315 | -€5,512 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,234 | €1,242 | +€8 | +0.7% |
| Total equity and liabilities | 10/49 | €552,409 | €589,531 | +€37,123 | +6.7% |
| Equity | 10/15 | -€868,711 | -€898,927 | -€30,216 | -3.5% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €2,801 | €2,801 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,801 | €2,801 | = | 0.0% |
| Legal reserve | 130 | €2,801 | €2,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,221,512 | -€1,251,728 | -€30,216 | -2.5% |
| Amounts payable | 17/49 | €1,421,120 | €1,488,458 | +€67,338 | +4.7% |
| Amounts payable after more than one year | 17 | €1,309,100 | €1,309,100 | = | 0.0% |
| Other amounts payable | 178/9 | €1,309,100 | €1,309,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,830 | €179,158 | +€67,329 | +60.2% |
| Trade debts | 44 | €36,452 | €51,197 | +€14,745 | +40.5% |
| Suppliers | 440/4 | €36,452 | €51,197 | +€14,745 | +40.5% |
| Other amounts payable | 47/48 | €75,378 | €127,962 | +€52,584 | +69.8% |
| Accrued charges and deferred income | 492/3 | €191 | €200 | +€10 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,306 | €1,277 | -€39,030 | -96.8% |
| Other operating charges | 640/8 | €22,102 | €22,806 | +€703 | +3.2% |
| Gross operating margin | 9900 | -€21,512 | -€5,430 | +€16,082 | +74.8% |
| Operating profit (loss) | 9901 | -€83,921 | -€29,513 | +€54,408 | +64.8% |
| Financial charges | 65/66B | €444 | €703 | +€260 | +58.5% |
| Recurring financial charges | 65 | €444 | €703 | +€260 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | -€84,365 | -€30,216 | +€54,149 | +64.2% |
| Profit (loss) for the period | 9904 | -€84,365 | -€30,216 | +€54,149 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,365 | -€30,216 | +€54,149 | +64.2% |
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 28 October 2026 via checked.be.