K-H CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets -€15,261
down €15,261 (-3.5%), from €441,377 to €426,116
of which Other tangible fixed assets: -€13,082
- Cash +€6,478
up €6,478 (+28.6%), from €22,681 to €29,159
mainly Net result for the year (+€45,263) and Depreciation (+€21,460)
- Reserves +€45,263
up €45,263 (+29.1%), from €155,574 to €200,836
of which Distributable reserves: +€46,088
- Debts after one year -€35,318
down €35,318 (-14.7%), from €240,305 to €204,987
- Other debts -€22,172
down €22,172 (-61.6%), from €36,012 to €13,841
- Short-term financial debts +€7,500
up €7,500, from €0 to €7,500
- Trade debts -€5,087
down €5,087 (-52.1%), from €9,758 to €4,672
- Gross operating margin +€29,031
up €29,031 (+41.3%), from €70,354 to €99,386
- Taxes +€8,517
up €8,517 (+64.2%), from €13,267 to €21,784
- Depreciation +€1,335
up €1,335 (+6.6%), from €20,125 to €21,460
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 | €508,153 | €503,406 | -€4,748 | -0.9% |
| Fixed assets | 21/28 | €441,377 | €426,116 | -€15,261 | -3.5% |
| Tangible fixed assets | 22/27 | €441,377 | €426,116 | -€15,261 | -3.5% |
| Land and buildings | 22 | €61,671 | €60,091 | -€1,580 | -2.6% |
| Furniture and vehicles | 24 | €910 | €312 | -€598 | -65.7% |
| Other tangible fixed assets | 26 | €378,795 | €365,713 | -€13,082 | -3.5% |
| Current assets | 29/58 | €66,777 | €77,290 | +€10,513 | +15.7% |
| Amounts receivable within one year | 40/41 | €39,694 | €43,577 | +€3,884 | +9.8% |
| Trade receivables | 40 | €16,470 | €17,052 | +€582 | +3.5% |
| Other amounts receivable | 41 | €23,223 | €26,525 | +€3,302 | +14.2% |
| Cash at bank and in hand | 54/58 | €22,681 | €29,159 | +€6,478 | +28.6% |
| Deferred charges and accrued income | 490/1 | €4,402 | €4,553 | +€151 | +3.4% |
| Total equity and liabilities | 10/49 | €508,153 | €503,406 | -€4,748 | -0.9% |
| Equity | 10/15 | €155,574 | €200,836 | +€45,263 | +29.1% |
| Reserves | 13 | €155,574 | €200,836 | +€45,263 | +29.1% |
| Tax-exempt reserves | 132 | €22,568 | €21,743 | -€826 | -3.7% |
| Distributable reserves | 133 | €133,005 | €179,094 | +€46,088 | +34.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €7,523 | €7,248 | -€275 | -3.7% |
| Deferred taxes | 168 | €7,523 | €7,248 | -€275 | -3.7% |
| Amounts payable | 17/49 | €345,057 | €295,322 | -€49,735 | -14.4% |
| Amounts payable after more than one year | 17 | €240,305 | €204,987 | -€35,318 | -14.7% |
| Financial debts | 170/4 | €240,305 | €204,987 | -€35,318 | -14.7% |
| Amounts payable within one year | 42/48 | €104,714 | €90,034 | -€14,681 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €34,525 | €35,318 | +€793 | +2.3% |
| Financial debts | 43 | €0 | €7,500 | +€7,500 | |
| Credit institutions | 430/8 | €0 | €7,500 | +€7,500 | |
| Trade debts | 44 | €9,758 | €4,672 | -€5,087 | -52.1% |
| Suppliers | 440/4 | €9,758 | €4,672 | -€5,087 | -52.1% |
| Taxes, remuneration and social security | 45 | €24,418 | €28,704 | +€4,285 | +17.5% |
| Taxes | 450/3 | €24,418 | €26,354 | +€1,935 | +7.9% |
| Remuneration and social security | 454/9 | - | €2,350 | +€2,350 | |
| Other amounts payable | 47/48 | €36,012 | €13,841 | -€22,172 | -61.6% |
| Accrued charges and deferred income | 492/3 | €38 | €301 | +€263 | +687% |
| Non-recurring operating income | 76A | €0 | €2,448 | +€2,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,125 | €21,460 | +€1,335 | +6.6% |
| Other operating charges | 640/8 | €3,610 | €4,070 | +€460 | +12.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €70,354 | €99,386 | +€29,031 | +41.3% |
| Operating profit (loss) | 9901 | €46,620 | €73,856 | +€27,236 | +58.4% |
| Financial income | 75/76B | €25 | €795 | +€770 | +3,078% |
| Recurring financial income | 75 | €25 | €795 | +€770 | +3,078% |
| Financial charges | 65/66B | €8,690 | €7,879 | -€811 | -9.3% |
| Recurring financial charges | 65 | €8,690 | €7,879 | -€811 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €37,954 | €66,771 | +€28,817 | +75.9% |
| Transfer from deferred taxes | 780 | €275 | €275 | = | 0.0% |
| Income taxes | 67/77 | €13,267 | €21,784 | +€8,517 | +64.2% |
| Profit (loss) for the period | 9904 | €24,962 | €45,263 | +€20,301 | +81.3% |
| Transfer from tax-exempt reserves | 789 | €826 | €826 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,788 | €46,088 | +€20,301 | +78.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.