KaH Consulting: 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.
KaH Consulting
Largest movements
- Receivables within one year -€107,055
down €107,055 (-96.2%), from €111,335 to €4,280
of which Trade receivables: -€103,337
- Cash +€100,018
up €100,018 (+117%), from €85,232 to €185,249
mainly Other debts (+€163,166) and Net result for the year (+€116,811)
- Tangible fixed assets +€13,642
up €13,642 (+197%), from €6,919 to €20,561
of which Land and buildings: +€13,701
- Current investments +€12,157
up €12,157 (+36.7%), from €33,117 to €45,274
- Other debts +€163,166
new in 2025: €163,166
- Reserves -€153,189
down €153,189 (-75.5%), from €202,992 to €49,803
- Tax, wage and social debts +€12,400
up €12,400 (+54.1%), from €22,901 to €35,301
- Trade debts -€3,614
down €3,614 (-46.9%), from €7,709 to €4,095
- Gross operating margin +€45,064
up €45,064 (+40.9%), from €110,135 to €155,199
- Taxes +€10,846
up €10,846 (+45.4%), from €23,874 to €34,720
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 | €236,602 | €255,364 | +€18,762 | +7.9% |
| Fixed assets | 21/28 | €6,919 | €20,561 | +€13,642 | +197% |
| Tangible fixed assets | 22/27 | €6,919 | €20,561 | +€13,642 | +197% |
| Land and buildings | 22 | - | €13,701 | +€13,701 | |
| Plant, machinery and equipment | 23 | €6,570 | €6,689 | +€119 | +1.8% |
| Furniture and vehicles | 24 | €349 | €171 | -€178 | -51.1% |
| Current assets | 29/58 | €229,684 | €234,803 | +€5,120 | +2.2% |
| Amounts receivable within one year | 40/41 | €111,335 | €4,280 | -€107,055 | -96.2% |
| Trade receivables | 40 | €103,337 | €0 | -€103,337 | -100% |
| Other amounts receivable | 41 | €7,998 | €4,280 | -€3,718 | -46.5% |
| Current investments | 50/53 | €33,117 | €45,274 | +€12,157 | +36.7% |
| Cash at bank and in hand | 54/58 | €85,232 | €185,249 | +€100,018 | +117% |
| Total equity and liabilities | 10/49 | €236,602 | €255,364 | +€18,762 | +7.9% |
| Equity | 10/15 | €205,992 | €52,803 | -€153,189 | -74.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €202,992 | €49,803 | -€153,189 | -75.5% |
| Distributable reserves | 133 | €202,992 | €49,803 | -€153,189 | -75.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,611 | €202,562 | +€171,951 | +562% |
| Amounts payable within one year | 42/48 | €30,611 | €202,562 | +€171,951 | +562% |
| Trade debts | 44 | €7,709 | €4,095 | -€3,614 | -46.9% |
| Suppliers | 440/4 | €7,709 | €4,095 | -€3,614 | -46.9% |
| Taxes, remuneration and social security | 45 | €22,901 | €35,301 | +€12,400 | +54.1% |
| Taxes | 450/3 | €22,901 | €35,301 | +€12,400 | +54.1% |
| Other amounts payable | 47/48 | - | €163,166 | +€163,166 | |
| Non-recurring operating income | 76A | €391 | €0 | -€391 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €2,252 | +€963 | +74.7% |
| Other operating charges | 640/8 | €423 | €899 | +€475 | +112% |
| Non-recurring operating charges | 66A | €391 | €0 | -€391 | -100% |
| Gross operating margin | 9900 | €110,135 | €155,199 | +€45,064 | +40.9% |
| Operating profit (loss) | 9901 | €108,033 | €152,049 | +€44,017 | +40.7% |
| Financial income | 75/76B | €601 | €163 | -€438 | -72.9% |
| Recurring financial income | 75 | €601 | €163 | -€438 | -72.9% |
| Financial charges | 65/66B | €273 | €681 | +€409 | +150% |
| Recurring financial charges | 65 | €273 | €681 | +€409 | +150% |
| Profit (loss) for the period before taxes | 9903 | €108,361 | €151,531 | +€43,169 | +39.8% |
| Income taxes | 67/77 | €23,874 | €34,720 | +€10,846 | +45.4% |
| Profit (loss) for the period | 9904 | €84,487 | €116,811 | +€32,324 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,487 | €116,811 | +€32,324 | +38.3% |
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 18 October 2026 via checked.be.