KABUL HM: 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.
KABUL HM
Largest movements
- Stocks and contracts -€6,597
down €6,597 (-26.3%), from €25,049 to €18,452
- Cash +€5,491
up €5,491 (+197.4%), from €2,781 to €8,272
mainly Stocks and contracts (+€6,597) and Net result for the year (+€3,585)
- Tangible fixed assets -€2,984
down €2,984 (-46.2%), from €6,466 to €3,481
- Trade debts -€7,641
down €7,641 (-92.4%), from €8,271 to €630
- Profit (loss) carried forward +€3,585
up €3,585 (+182.4%), from €1,966 to €5,551
- Staff costs +€14,400
new in 2025: €14,400
- Gross operating margin +€14,142
up €14,142 (+133.3%), from €10,610 to €24,752
- Depreciation -€746
down €746 (-20.0%), from €3,730 to €2,984
- Taxes -€587
down €587 (-32.2%), from €1,821 to €1,234
- Other operating charges -€493
down €493 (-24.0%), from €2,055 to €1,562
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 | €37,141 | €32,846 | -€4,296 | -11.6% |
| Fixed assets | 21/28 | €6,491 | €3,506 | -€2,984 | -46.0% |
| Tangible fixed assets | 22/27 | €6,466 | €3,481 | -€2,984 | -46.2% |
| Furniture and vehicles | 24 | €6,466 | €3,481 | -€2,984 | -46.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €30,651 | €29,339 | -€1,312 | -4.3% |
| Stocks and contracts in progress | 3 | €25,049 | €18,452 | -€6,597 | -26.3% |
| Stocks | 30/36 | €25,049 | €18,452 | -€6,597 | -26.3% |
| Amounts receivable within one year | 40/41 | €2,821 | €2,615 | -€205 | -7.3% |
| Other amounts receivable | 41 | €2,821 | €2,615 | -€205 | -7.3% |
| Cash at bank and in hand | 54/58 | €2,781 | €8,272 | +€5,491 | +197.4% |
| Total equity and liabilities | 10/49 | €37,141 | €32,846 | -€4,296 | -11.6% |
| Equity | 10/15 | €20,566 | €24,151 | +€3,585 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,966 | €5,551 | +€3,585 | +182.4% |
| Amounts payable | 17/49 | €16,576 | €8,695 | -€7,881 | -47.5% |
| Amounts payable within one year | 42/48 | €16,576 | €8,695 | -€7,881 | -47.5% |
| Trade debts | 44 | €8,271 | €630 | -€7,641 | -92.4% |
| Suppliers | 440/4 | €8,271 | €630 | -€7,641 | -92.4% |
| Taxes, remuneration and social security | 45 | €2,691 | €2,691 | = | 0.0% |
| Taxes | 450/3 | €1,491 | €1,491 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5,613 | €5,373 | -€240 | -4.3% |
| Remuneration, social security and pensions | 62 | - | €14,400 | +€14,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,730 | €2,984 | -€746 | -20.0% |
| Other operating charges | 640/8 | €2,055 | €1,562 | -€493 | -24.0% |
| Non-recurring operating charges | 66A | €644 | €185 | -€459 | -71.3% |
| Gross operating margin | 9900 | €10,610 | €24,752 | +€14,142 | +133.3% |
| Operating profit (loss) | 9901 | €4,181 | €5,622 | +€1,441 | +34.5% |
| Financial income | 75/76B | €147 | €1 | -€147 | -99.5% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +133.3% |
| Non-recurring financial income | 76B | €147 | - | -€147 | |
| Financial charges | 65/66B | €717 | €803 | +€86 | +12.0% |
| Recurring financial charges | 65 | €717 | €803 | +€86 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €3,612 | €4,819 | +€1,208 | +33.4% |
| Income taxes | 67/77 | €1,821 | €1,234 | -€587 | -32.2% |
| Profit (loss) for the period | 9904 | €1,791 | €3,585 | +€1,794 | +100.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,791 | €3,585 | +€1,794 | +100.2% |
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 4 October 2026 via checked.be.