KAHAN: 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.
KAHAN
Largest movements
- Cash -€37,575
down €37,575 (-29.5%), from €127,490 to €89,916
mainly Contributions, distributions and other (-€74,814) and Other debts (-€50,494)
- Receivables within one year -€15,871
down €15,871 (-46.3%), from €34,272 to €18,400
of which Trade receivables: -€13,056
- Tangible fixed assets +€2,364
up €2,364 (+232.2%), from €1,018 to €3,382
of which Furniture and vehicles: +€2,536
- Other debts -€50,494
down €50,494 (-72.9%), from €69,258 to €18,764
- Trade debts +€5,703
up €5,703 (+143.6%), from €3,972 to €9,675
- Tax, wage and social debts -€4,803
down €4,803 (-67.2%), from €7,150 to €2,347
of which Remuneration and social security: -€2,893
- Gross operating margin +€6,838
up €6,838 (+7.7%), from €88,832 to €95,671
- Taxes +€1,735
up €1,735 (+9.7%), from €17,942 to €19,676
- Financial charges -€1,005
down €1,005 (-89.6%), from €1,121 to €117
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 | €163,280 | €113,507 | -€49,774 | -30.5% |
| Fixed assets | 21/28 | €1,518 | €3,882 | +€2,364 | +155.7% |
| Tangible fixed assets | 22/27 | €1,018 | €3,382 | +€2,364 | +232.2% |
| Land and buildings | 22 | €1,018 | €846 | -€172 | -16.9% |
| Furniture and vehicles | 24 | - | €2,536 | +€2,536 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €161,762 | €109,625 | -€52,138 | -32.2% |
| Amounts receivable within one year | 40/41 | €34,272 | €18,400 | -€15,871 | -46.3% |
| Trade receivables | 40 | €26,325 | €13,269 | -€13,056 | -49.6% |
| Other amounts receivable | 41 | €7,947 | €5,132 | -€2,815 | -35.4% |
| Cash at bank and in hand | 54/58 | €127,490 | €89,916 | -€37,575 | -29.5% |
| Deferred charges and accrued income | 490/1 | - | €1,308 | +€1,308 | |
| Total equity and liabilities | 10/49 | €163,280 | €113,507 | -€49,774 | -30.5% |
| Equity | 10/15 | €82,720 | €82,720 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €81,720 | €81,720 | = | 0.0% |
| Distributable reserves | 133 | €81,720 | €81,720 | = | 0.0% |
| Amounts payable | 17/49 | €80,560 | €30,786 | -€49,774 | -61.8% |
| Amounts payable within one year | 42/48 | €80,380 | €30,786 | -€49,594 | -61.7% |
| Trade debts | 44 | €3,972 | €9,675 | +€5,703 | +143.6% |
| Suppliers | 440/4 | €3,972 | €9,675 | +€5,703 | +143.6% |
| Taxes, remuneration and social security | 45 | €7,150 | €2,347 | -€4,803 | -67.2% |
| Taxes | 450/3 | €4,257 | €2,347 | -€1,910 | -44.9% |
| Remuneration and social security | 454/9 | €2,893 | - | -€2,893 | |
| Other amounts payable | 47/48 | €69,258 | €18,764 | -€50,494 | -72.9% |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172 | €251 | +€79 | +45.8% |
| Other operating charges | 640/8 | €723 | €813 | +€90 | +12.4% |
| Gross operating margin | 9900 | €88,832 | €95,671 | +€6,838 | +7.7% |
| Operating profit (loss) | 9901 | €87,937 | €94,607 | +€6,670 | +7.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,121 | €117 | -€1,005 | -89.6% |
| Recurring financial charges | 65 | €1,121 | €117 | -€1,005 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €86,816 | €94,490 | +€7,674 | +8.8% |
| Income taxes | 67/77 | €17,942 | €19,676 | +€1,735 | +9.7% |
| Profit (loss) for the period | 9904 | €68,874 | €74,814 | +€5,940 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,874 | €74,814 | +€5,940 | +8.6% |
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 3 October 2026 via checked.be.