KAHELO: 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.
KAHELO
Largest movements
- Receivables after one year +€6,760
up €6,760 (+149.8%), from €4,513 to €11,273
- Cash -€5,482
down €5,482 (-38.2%), from €14,341 to €8,860
mainly Receivables after one year (-€6,760) and Tax, wage and social debts (-€3,144)
- Receivables within one year +€2,863
up €2,863 (+209.5%), from €1,366 to €4,230
of which Other amounts receivable: +€3,976
- Tangible fixed assets -€2,283
down €2,283 (-26.4%), from €8,641 to €6,358
of which Furniture and vehicles: -€1,938
- Reserves +€6,061
up €6,061 (+107.8%), from €5,621 to €11,682
- Tax, wage and social debts -€3,144
down €3,144 (-88.1%), from €3,571 to €427
- Trade debts -€954
down €954 (-62.0%), from €1,539 to €585
- Gross operating margin +€1,410
up €1,410 (+12.3%), from €11,457 to €12,867
- Taxes -€641
down €641 (-18.0%), from €3,567 to €2,927
- Other operating charges +€278
up €278 (+22.9%), from €1,215 to €1,493
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 | €29,330 | €31,294 | +€1,963 | +6.7% |
| Fixed assets | 21/28 | €8,641 | €6,358 | -€2,283 | -26.4% |
| Tangible fixed assets | 22/27 | €8,641 | €6,358 | -€2,283 | -26.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €6,409 | €4,471 | -€1,938 | -30.2% |
| Other tangible fixed assets | 26 | €2,233 | €1,887 | -€345 | -15.5% |
| Current assets | 29/58 | €20,689 | €24,936 | +€4,247 | +20.5% |
| Amounts receivable after more than one year | 29 | €4,513 | €11,273 | +€6,760 | +149.8% |
| Other amounts receivable | 291 | €4,513 | €11,273 | +€6,760 | +149.8% |
| Amounts receivable within one year | 40/41 | €1,366 | €4,230 | +€2,863 | +209.5% |
| Trade receivables | 40 | €1,113 | - | -€1,113 | |
| Other amounts receivable | 41 | €253 | €4,230 | +€3,976 | +1569.9% |
| Cash at bank and in hand | 54/58 | €14,341 | €8,860 | -€5,482 | -38.2% |
| Deferred charges and accrued income | 490/1 | €468 | €574 | +€106 | +22.5% |
| Total equity and liabilities | 10/49 | €29,330 | €31,294 | +€1,963 | +6.7% |
| Equity | 10/15 | €24,221 | €30,282 | +€6,061 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,621 | €11,682 | +€6,061 | +107.8% |
| Distributable reserves | 133 | €5,621 | €11,682 | +€6,061 | +107.8% |
| Amounts payable | 17/49 | €5,109 | €1,011 | -€4,098 | -80.2% |
| Amounts payable within one year | 42/48 | €5,109 | €1,011 | -€4,098 | -80.2% |
| Trade debts | 44 | €1,539 | €585 | -€954 | -62.0% |
| Suppliers | 440/4 | €1,539 | €585 | -€954 | -62.0% |
| Taxes, remuneration and social security | 45 | €3,571 | €427 | -€3,144 | -88.1% |
| Taxes | 450/3 | €3,571 | €427 | -€3,144 | -88.1% |
| Non-recurring operating income | 76A | €3,017 | - | -€3,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,283 | €2,283 | = | 0.0% |
| Other operating charges | 640/8 | €1,215 | €1,493 | +€278 | +22.9% |
| Gross operating margin | 9900 | €11,457 | €12,867 | +€1,410 | +12.3% |
| Operating profit (loss) | 9901 | €7,959 | €9,091 | +€1,132 | +14.2% |
| Financial income | 75/76B | €119 | €105 | -€15 | -12.3% |
| Recurring financial income | 75 | €119 | €105 | -€15 | -12.3% |
| Financial charges | 65/66B | €271 | €208 | -€64 | -23.4% |
| Recurring financial charges | 65 | €271 | €208 | -€64 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €7,807 | €8,988 | +€1,181 | +15.1% |
| Income taxes | 67/77 | €3,567 | €2,927 | -€641 | -18.0% |
| Profit (loss) for the period | 9904 | €4,239 | €6,061 | +€1,822 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,239 | €6,061 | +€1,822 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.