KABUL BXL: 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.
KABUL BXL
Largest movements
- Stocks and contracts +€3,569
up €3,569 (+12.5%), from €28,500 to €32,069
- Tangible fixed assets -€2,711
down €2,711 (-34.3%), from €7,900 to €5,189
of which Leasing and similar rights: -€1,530
- Receivables within one year +€1,695
up €1,695 (+49.7%), from €3,409 to €5,104
- Cash -€529
down €529 (-17.0%), from €3,111 to €2,582
mainly Tax, wage and social debts (-€4,457) and Stocks and contracts (-€3,569)
- Profit (loss) carried forward +€5,025
up €5,025 (+210%), from €2,396 to €7,421
- Tax, wage and social debts -€4,457
down €4,457 (-27.2%), from €16,359 to €11,902
of which Remuneration and social security: -€2,936
- Other debts +€1,795
up €1,795 (+13.1%), from €13,694 to €15,489
- Staff costs -€17,505
no longer reported in 2025 (was €17,505)
- Gross operating margin -€11,271
down €11,271 (-57.9%), from €19,457 to €8,186
- Depreciation +€2,711
new in 2025: €2,711
- Other operating charges -€2,206
down €2,206 (-88.2%), from €2,501 to €295
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 | €42,920 | €44,945 | +€2,024 | +4.7% |
| Fixed assets | 21/28 | €7,900 | €5,189 | -€2,711 | -34.3% |
| Tangible fixed assets | 22/27 | €7,900 | €5,189 | -€2,711 | -34.3% |
| Furniture and vehicles | 24 | €2,500 | €1,319 | -€1,181 | -47.2% |
| Leasing and similar rights | 25 | €5,400 | €3,870 | -€1,530 | -28.3% |
| Current assets | 29/58 | €35,020 | €39,755 | +€4,735 | +13.5% |
| Stocks and contracts in progress | 3 | €28,500 | €32,069 | +€3,569 | +12.5% |
| Stocks | 30/36 | €28,500 | €32,069 | +€3,569 | +12.5% |
| Amounts receivable within one year | 40/41 | €3,409 | €5,104 | +€1,695 | +49.7% |
| Other amounts receivable | 41 | €3,409 | €5,104 | +€1,695 | +49.7% |
| Cash at bank and in hand | 54/58 | €3,111 | €2,582 | -€529 | -17.0% |
| Total equity and liabilities | 10/49 | €42,920 | €44,945 | +€2,024 | +4.7% |
| Equity | 10/15 | €12,396 | €17,421 | +€5,025 | +40.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,396 | €7,421 | +€5,025 | +210% |
| Amounts payable | 17/49 | €30,524 | €27,524 | -€3,001 | -9.8% |
| Amounts payable within one year | 42/48 | €30,524 | €27,524 | -€3,001 | -9.8% |
| Financial debts | 43 | €74 | €74 | = | 0.0% |
| Credit institutions | 430/8 | €74 | €74 | = | 0.0% |
| Trade debts | 44 | €397 | €58 | -€339 | -85.3% |
| Suppliers | 440/4 | €397 | €58 | -€339 | -85.3% |
| Taxes, remuneration and social security | 45 | €16,359 | €11,902 | -€4,457 | -27.2% |
| Taxes | 450/3 | €2,535 | €1,015 | -€1,520 | -60.0% |
| Remuneration and social security | 454/9 | €13,824 | €10,887 | -€2,936 | -21.2% |
| Other amounts payable | 47/48 | €13,694 | €15,489 | +€1,795 | +13.1% |
| Remuneration, social security and pensions | 62 | €17,505 | - | -€17,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,711 | +€2,711 | |
| Other operating charges | 640/8 | €2,501 | €295 | -€2,206 | -88.2% |
| Gross operating margin | 9900 | €19,457 | €8,186 | -€11,271 | -57.9% |
| Operating profit (loss) | 9901 | -€549 | €5,180 | +€5,729 | |
| Financial charges | 65/66B | €139 | €155 | +€17 | +12.1% |
| Recurring financial charges | 65 | €139 | €155 | +€17 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€688 | €5,025 | +€5,712 | |
| Profit (loss) for the period | 9904 | -€688 | €5,025 | +€5,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€688 | €5,025 | +€5,712 |
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 30 October 2026 via checked.be.