KH COMPANY: 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.
KH COMPANY
Largest movements
- Tangible fixed assets +€19,873
up €19,873 (+239%), from €8,324 to €28,197
of which Furniture and vehicles: +€20,096
- Cash -€16,786
down €16,786 (-50.9%), from €33,001 to €16,215
mainly Investment in fixed assets (net) (-€24,779) and Trade debts (-€17,478)
- Deferred charges and accrued income -€12,024
down €12,024 (-98.5%), from €12,208 to €184
- Stocks and contracts +€4,274
up €4,274 (+592%), from €722 to €4,996
- Receivables within one year -€941
down €941 (-34.9%), from €2,696 to €1,755
of which Other amounts receivable: -€1,405
- Trade debts -€17,478
down €17,478 (-87.7%), from €19,938 to €2,460
- Other debts +€8,917
up €8,917 (+248%), from €3,601 to €12,519
- Tax, wage and social debts +€2,581
up €2,581 (+84.1%), from €3,067 to €5,648
of which Remuneration and social security: +€2,700
- Gross operating margin -€22,881
down €22,881 (-73.2%), from €31,249 to €8,369
- Other operating charges -€2,098
down €2,098 (-71.0%), from €2,957 to €859
- Taxes -€1,413
down €1,413 (-69.5%), from €2,032 to €620
- Depreciation +€1,327
up €1,327 (+37.1%), from €3,579 to €4,906
- Financial income +€409
up €409 (+341,142%), from €0 to €409
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 | €56,952 | €51,348 | -€5,604 | -9.8% |
| Fixed assets | 21/28 | €8,324 | €28,197 | +€19,873 | +239% |
| Tangible fixed assets | 22/27 | €8,324 | €28,197 | +€19,873 | +239% |
| Plant, machinery and equipment | 23 | €396 | €173 | -€223 | -56.4% |
| Furniture and vehicles | 24 | €7,929 | €28,024 | +€20,096 | +253% |
| Current assets | 29/58 | €48,627 | €23,151 | -€25,477 | -52.4% |
| Stocks and contracts in progress | 3 | €722 | €4,996 | +€4,274 | +592% |
| Stocks | 30/36 | €722 | €4,996 | +€4,274 | +592% |
| Amounts receivable within one year | 40/41 | €2,696 | €1,755 | -€941 | -34.9% |
| Trade receivables | 40 | €1,224 | €1,689 | +€465 | +38.0% |
| Other amounts receivable | 41 | €1,472 | €66 | -€1,405 | -95.5% |
| Cash at bank and in hand | 54/58 | €33,001 | €16,215 | -€16,786 | -50.9% |
| Deferred charges and accrued income | 490/1 | €12,208 | €184 | -€12,024 | -98.5% |
| Total equity and liabilities | 10/49 | €56,952 | €51,348 | -€5,604 | -9.8% |
| Equity | 10/15 | €30,345 | €30,720 | +€375 | +1.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,489 | €3,865 | +€375 | +10.8% |
| Distributable reserves | 133 | €3,489 | €3,865 | +€375 | +10.8% |
| Profit (loss) carried forward | 14 | €24,856 | €24,856 | = | 0.0% |
| Amounts payable | 17/49 | €26,607 | €20,627 | -€5,980 | -22.5% |
| Amounts payable within one year | 42/48 | €26,607 | €20,627 | -€5,980 | -22.5% |
| Trade debts | 44 | €19,938 | €2,460 | -€17,478 | -87.7% |
| Suppliers | 440/4 | €19,938 | €2,460 | -€17,478 | -87.7% |
| Taxes, remuneration and social security | 45 | €3,067 | €5,648 | +€2,581 | +84.1% |
| Taxes | 450/3 | €2,067 | €1,948 | -€119 | -5.8% |
| Remuneration and social security | 454/9 | €1,000 | €3,700 | +€2,700 | +270% |
| Other amounts payable | 47/48 | €3,601 | €12,519 | +€8,917 | +248% |
| Non-recurring operating income | 76A | €975 | - | -€975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,579 | €4,906 | +€1,327 | +37.1% |
| Other operating charges | 640/8 | €2,957 | €859 | -€2,098 | -71.0% |
| Non-recurring operating charges | 66A | €16,854 | - | -€16,854 | |
| Gross operating margin | 9900 | €31,249 | €8,369 | -€22,881 | -73.2% |
| Operating profit (loss) | 9901 | €7,860 | €2,604 | -€5,256 | -66.9% |
| Financial income | 75/76B | €0 | €409 | +€409 | +341,142% |
| Recurring financial income | 75 | €0 | €409 | +€409 | +341,142% |
| Financial charges | 65/66B | €2,338 | €2,018 | -€320 | -13.7% |
| Recurring financial charges | 65 | €2,338 | €2,018 | -€320 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €5,522 | €995 | -€4,526 | -82.0% |
| Income taxes | 67/77 | €2,032 | €620 | -€1,413 | -69.5% |
| Profit (loss) for the period | 9904 | €3,489 | €375 | -€3,114 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,489 | €375 | -€3,114 | -89.2% |
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 14 October 2026 via checked.be.