KAH GROUP: 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 GROUP
Largest movements
- Receivables within one year +€54,314
up €54,314 (+1,764%), from €3,080 to €57,394
of which Other amounts receivable: +€52,232
- Cash -€10,900
down €10,900 (-28.2%), from €38,640 to €27,740
mainly Receivables within one year (-€54,314) and Other debts (-€31,415)
- Tangible fixed assets -€3,461
down €3,461 (-24.0%), from €14,421 to €10,961
of which Furniture and vehicles: -€1,970
- Profit (loss) carried forward +€99,162
up €99,162, from -€33,471 to €65,691
- Other debts -€31,415
no longer reported in 2025 (was €31,415)
- Tax, wage and social debts -€21,919
down €21,919 (-64.1%), from €34,178 to €12,259
of which Taxes: -€13,009
- Trade debts -€6,144
down €6,144 (-86.4%), from €7,113 to €970
- Gross operating margin -€14,885
down €14,885 (-12.1%), from €122,779 to €107,894
- Other operating charges +€10,321
up €10,321 (+4,368%), from €236 to €10,557
- Staff costs +€6,528
up €6,528 (+7.7%), from €84,793 to €91,321
- Taxes +€1,775
new in 2025: €1,775
- Depreciation +€1,457
up €1,457 (+62.5%), from €2,332 to €3,789
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 | €75,237 | €114,920 | +€39,683 | +52.7% |
| Formation expenses | 20 | €1,096 | €767 | -€329 | -30.0% |
| Fixed assets | 21/28 | €32,421 | €28,961 | -€3,461 | -10.7% |
| Tangible fixed assets | 22/27 | €14,421 | €10,961 | -€3,461 | -24.0% |
| Plant, machinery and equipment | 23 | €6,968 | €5,477 | -€1,491 | -21.4% |
| Furniture and vehicles | 24 | €7,453 | €5,484 | -€1,970 | -26.4% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €41,719 | €85,192 | +€43,472 | +104% |
| Amounts receivable within one year | 40/41 | €3,080 | €57,394 | +€54,314 | +1,764% |
| Trade receivables | 40 | - | €2,082 | +€2,082 | |
| Other amounts receivable | 41 | €3,080 | €55,312 | +€52,232 | +1,696% |
| Cash at bank and in hand | 54/58 | €38,640 | €27,740 | -€10,900 | -28.2% |
| Deferred charges and accrued income | 490/1 | - | €59 | +€59 | |
| Total equity and liabilities | 10/49 | €75,237 | €114,920 | +€39,683 | +52.7% |
| Equity | 10/15 | €2,529 | €101,691 | +€99,162 | +3,920% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Contributions outside capital | 11 | €36,000 | - | -€36,000 | |
| Other | 1109/19 | €36,000 | - | -€36,000 | |
| Profit (loss) carried forward | 14 | -€33,471 | €65,691 | +€99,162 | |
| Amounts payable | 17/49 | €72,707 | €13,229 | -€59,479 | -81.8% |
| Amounts payable within one year | 42/48 | €72,707 | €13,229 | -€59,479 | -81.8% |
| Trade debts | 44 | €7,113 | €970 | -€6,144 | -86.4% |
| Suppliers | 440/4 | €7,113 | €970 | -€6,144 | -86.4% |
| Taxes, remuneration and social security | 45 | €34,178 | €12,259 | -€21,919 | -64.1% |
| Taxes | 450/3 | €22,218 | €9,210 | -€13,009 | -58.5% |
| Remuneration and social security | 454/9 | €11,960 | €3,049 | -€8,911 | -74.5% |
| Other amounts payable | 47/48 | €31,415 | - | -€31,415 | |
| Remuneration, social security and pensions | 62 | €84,793 | €91,321 | +€6,528 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,332 | €3,789 | +€1,457 | +62.5% |
| Other operating charges | 640/8 | €236 | €10,557 | +€10,321 | +4,368% |
| Gross operating margin | 9900 | €122,779 | €107,894 | -€14,885 | -12.1% |
| Operating profit (loss) | 9901 | €35,417 | €2,226 | -€33,192 | -93.7% |
| Financial income | 75/76B | €6 | €38 | +€33 | +581% |
| Recurring financial income | 75 | €6 | €38 | +€33 | +581% |
| Financial charges | 65/66B | €53 | €168 | +€114 | +214% |
| Recurring financial charges | 65 | €53 | €168 | +€114 | +214% |
| Profit (loss) for the period before taxes | 9903 | €35,370 | €2,096 | -€33,274 | -94.1% |
| Income taxes | 67/77 | - | €1,775 | +€1,775 | |
| Profit (loss) for the period | 9904 | €35,370 | €321 | -€35,048 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,370 | €321 | -€35,048 | -99.1% |
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 27 October 2026 via checked.be.