KAHLON: 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.
KAHLON
Largest movements
- Stocks and contracts -€6,990
down €6,990 (-76.9%), from €9,090 to €2,100
- Receivables within one year +€3,958
up €3,958 (+12.4%), from €31,800 to €35,758
of which Other amounts receivable: +€4,114
- Cash +€2,915
up €2,915 (+13.2%), from €22,166 to €25,081
mainly Stocks and contracts (+€6,990) and Net result for the year (+€4,402)
- Trade debts -€5,461
down €5,461 (-82.7%), from €6,602 to €1,141
- Reserves +€4,402
up €4,402 (+11.4%), from €38,566 to €42,968
of which Distributable reserves: +€4,402
- Tax, wage and social debts +€1,007
up €1,007 (+8.4%), from €12,015 to €13,022
of which Taxes: +€735
- Financial income -€8,748
down €8,748 (-99.2%), from €8,818 to €70
- Gross operating margin +€6,734
up €6,734 (+42.7%), from €15,772 to €22,506
- Staff costs +€1,458
up €1,458 (+10.6%), from €13,757 to €15,215
- Taxes -€690
down €690 (-28.0%), from €2,464 to €1,774
- Depreciation -€644
down €644 (-82.4%), from €782 to €138
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 | €63,382 | €63,331 | -€52 | -0.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €138 | €0 | -€138 | -100% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €138 | €0 | -€138 | -100% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €138 | €0 | -€138 | -100% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €63,244 | €63,331 | +€86 | +0.1% |
| Stocks and contracts in progress | 3 | €9,090 | €2,100 | -€6,990 | -76.9% |
| Stocks | 30/36 | €9,090 | €2,100 | -€6,990 | -76.9% |
| Amounts receivable within one year | 40/41 | €31,800 | €35,758 | +€3,958 | +12.4% |
| Trade receivables | 40 | €6,750 | €6,594 | -€156 | -2.3% |
| Other amounts receivable | 41 | €25,050 | €29,164 | +€4,114 | +16.4% |
| Cash at bank and in hand | 54/58 | €22,166 | €25,081 | +€2,915 | +13.2% |
| Deferred charges and accrued income | 490/1 | €188 | €391 | +€203 | +108% |
| Total equity and liabilities | 10/49 | €63,382 | €63,331 | -€52 | -0.1% |
| Equity | 10/15 | €44,766 | €49,168 | +€4,402 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,566 | €42,968 | +€4,402 | +11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €36,706 | €41,108 | +€4,402 | +12.0% |
| Amounts payable | 17/49 | €18,616 | €14,163 | -€4,454 | -23.9% |
| Amounts payable within one year | 42/48 | €18,616 | €14,163 | -€4,454 | -23.9% |
| Trade debts | 44 | €6,602 | €1,141 | -€5,461 | -82.7% |
| Suppliers | 440/4 | €6,602 | €1,141 | -€5,461 | -82.7% |
| Taxes, remuneration and social security | 45 | €12,015 | €13,022 | +€1,007 | +8.4% |
| Taxes | 450/3 | €8,129 | €8,864 | +€735 | +9.0% |
| Remuneration and social security | 454/9 | €3,885 | €4,158 | +€272 | +7.0% |
| Remuneration, social security and pensions | 62 | €13,757 | €15,215 | +€1,458 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €138 | -€644 | -82.4% |
| Other operating charges | 640/8 | €691 | €704 | +€13 | +1.9% |
| Gross operating margin | 9900 | €15,772 | €22,506 | +€6,734 | +42.7% |
| Operating profit (loss) | 9901 | €542 | €6,449 | +€5,907 | +1,090% |
| Financial income | 75/76B | €8,818 | €70 | -€8,748 | -99.2% |
| Recurring financial income | 75 | €8,818 | €70 | -€8,748 | -99.2% |
| Financial charges | 65/66B | €258 | €344 | +€86 | +33.3% |
| Recurring financial charges | 65 | €258 | €344 | +€86 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €9,103 | €6,176 | -€2,927 | -32.2% |
| Income taxes | 67/77 | €2,464 | €1,774 | -€690 | -28.0% |
| Profit (loss) for the period | 9904 | €6,639 | €4,402 | -€2,236 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,639 | €4,402 | -€2,236 | -33.7% |
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 30 October 2026 via checked.be.