K'HIMAR: what changed
Two fiscal 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'HIMAR
Largest movements
- Receivables after one year +€405,110
new in 2025: €405,110
of which Other amounts receivable: +€278,000
- Tangible fixed assets -€288,997
down €288,997 (-97.7%), from €295,879 to €6,882
- Receivables within one year -€71,642
down €71,642 (-97.0%), from €73,836 to €2,194
of which Other amounts receivable: -€67,715
- Profit (loss) carried forward +€71,553
up €71,553 (+8100.8%), from €883 to €72,436
- Other debts -€23,280
no longer reported in 2025 (was €23,280)
- Debts after one year -€15,287
down €15,287 (-9.0%), from €168,972 to €153,686
- Accrued charges and deferred income +€13,001
new in 2025: €13,001
- Trade debts +€4,693
up €4,693 (+382.2%), from €1,228 to €5,920
- Gross operating margin +€51,701
up €51,701 (+157.0%), from €32,931 to €84,632
- Depreciation -€18,872
down €18,872 (-94.6%), from €19,939 to €1,067
- Other operating charges +€6,040
up €6,040 (+125.6%), from €4,808 to €10,848
- Taxes +€2,350
up €2,350 (+2833.6%), from €83 to €2,433
- Financial charges -€1,244
down €1,244 (-31.1%), from €4,004 to €2,760
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.
Cash bridge derived
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 | €370,209 | €419,119 | +€48,910 | +13.2% |
| Fixed assets | 21/28 | €295,879 | €6,882 | -€288,997 | -97.7% |
| Tangible fixed assets | 22/27 | €295,879 | €6,882 | -€288,997 | -97.7% |
| Land and buildings | 22 | €295,879 | €6,882 | -€288,997 | -97.7% |
| Current assets | 29/58 | €74,330 | €412,237 | +€337,907 | +454.6% |
| Amounts receivable after more than one year | 29 | - | €405,110 | +€405,110 | |
| Trade receivables | 290 | - | €127,110 | +€127,110 | |
| Other amounts receivable | 291 | - | €278,000 | +€278,000 | |
| Amounts receivable within one year | 40/41 | €73,836 | €2,194 | -€71,642 | -97.0% |
| Trade receivables | 40 | €5,651 | €1,724 | -€3,927 | -69.5% |
| Other amounts receivable | 41 | €68,185 | €471 | -€67,715 | -99.3% |
| Cash at bank and in hand | 54/58 | €494 | €3,325 | +€2,831 | +573.6% |
| Deferred charges and accrued income | 490/1 | - | €1,608 | +€1,608 | |
| Total equity and liabilities | 10/49 | €370,209 | €419,119 | +€48,910 | +13.2% |
| Equity | 10/15 | €137,804 | €206,691 | +€68,887 | +50.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,921 | €72,255 | -€2,666 | -3.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,721 | €66,055 | -€2,666 | -3.9% |
| Profit (loss) carried forward | 14 | €883 | €72,436 | +€71,553 | +8100.8% |
| Provisions and deferred taxes | 16 | €22,907 | €22,018 | -€889 | -3.9% |
| Deferred taxes | 168 | €22,907 | €22,018 | -€889 | -3.9% |
| Amounts payable | 17/49 | €209,498 | €190,410 | -€19,088 | -9.1% |
| Amounts payable after more than one year | 17 | €168,972 | €153,686 | -€15,287 | -9.0% |
| Financial debts | 170/4 | €168,972 | €153,686 | -€15,287 | -9.0% |
| Amounts payable within one year | 42/48 | €40,526 | €23,723 | -€16,803 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €15,070 | €15,287 | +€216 | +1.4% |
| Financial debts | 43 | €545 | - | -€545 | |
| Credit institutions | 430/8 | €545 | - | -€545 | |
| Trade debts | 44 | €1,228 | €5,920 | +€4,693 | +382.2% |
| Suppliers | 440/4 | €1,228 | €5,920 | +€4,693 | +382.2% |
| Taxes, remuneration and social security | 45 | €402 | €2,516 | +€2,113 | +525.3% |
| Taxes | 450/3 | €402 | €2,516 | +€2,113 | +525.3% |
| Other amounts payable | 47/48 | €23,280 | - | -€23,280 | |
| Accrued charges and deferred income | 492/3 | - | €13,001 | +€13,001 | |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,939 | €1,067 | -€18,872 | -94.6% |
| Other operating charges | 640/8 | €4,808 | €10,848 | +€6,040 | +125.6% |
| Gross operating margin | 9900 | €32,931 | €84,632 | +€51,701 | +157.0% |
| Operating profit (loss) | 9901 | €8,184 | €72,717 | +€64,533 | +788.5% |
| Financial income | 75/76B | - | €474 | +€474 | |
| Recurring financial income | 75 | - | €474 | +€474 | |
| Financial charges | 65/66B | €4,004 | €2,760 | -€1,244 | -31.1% |
| Recurring financial charges | 65 | €4,004 | €2,760 | -€1,244 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €4,180 | €70,431 | +€66,251 | +1585.0% |
| Transfer from deferred taxes | 780 | €889 | €889 | = | 0.0% |
| Income taxes | 67/77 | €83 | €2,433 | +€2,350 | +2833.6% |
| Profit (loss) for the period | 9904 | €4,986 | €68,887 | +€63,901 | +1281.7% |
| Transfer from tax-exempt reserves | 789 | €2,666 | €2,666 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,652 | €71,553 | +€63,901 | +835.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.