KH Consulting: 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 Consulting
Largest movements
- Cash -€26,905
down €26,905 (-19.4%), from €138,468 to €111,563
mainly Contributions, distributions and other (-€241,414) and Receivables within one year (-€22,427)
- Receivables within one year +€22,427
up €22,427 (+97.9%), from €22,916 to €45,343
of which Trade receivables: +€22,353
- Reserves -€126,180
down €126,180 (-83.5%), from €151,180 to €25,000
- Other debts +€110,559
up €110,559 (+3,970%), from €2,785 to €113,344
- Trade debts +€20,837
up €20,837 (+810%), from €2,573 to €23,410
- Short-term financial debts -€10,820
down €10,820 (-99.2%), from €10,909 to €90
of which Other loans: -€10,909
- Gross operating margin +€27,851
up €27,851 (+21.5%), from €129,628 to €157,479
- Taxes +€7,351
up €7,351 (+27.4%), from €26,850 to €34,201
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 | €180,497 | €175,192 | -€5,305 | -2.9% |
| Fixed assets | 21/28 | €5,884 | €4,607 | -€1,277 | -21.7% |
| Tangible fixed assets | 22/27 | €5,884 | €4,607 | -€1,277 | -21.7% |
| Plant, machinery and equipment | 23 | €240 | - | -€240 | |
| Furniture and vehicles | 24 | €2,633 | €2,124 | -€509 | -19.3% |
| Other tangible fixed assets | 26 | €3,012 | €2,483 | -€529 | -17.6% |
| Current assets | 29/58 | €174,612 | €170,584 | -€4,028 | -2.3% |
| Amounts receivable within one year | 40/41 | €22,916 | €45,343 | +€22,427 | +97.9% |
| Trade receivables | 40 | €22,916 | €45,270 | +€22,353 | +97.5% |
| Other amounts receivable | 41 | - | €74 | +€74 | |
| Current investments | 50/53 | €11,737 | €11,737 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €138,468 | €111,563 | -€26,905 | -19.4% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,942 | +€450 | +30.2% |
| Total equity and liabilities | 10/49 | €180,497 | €175,192 | -€5,305 | -2.9% |
| Equity | 10/15 | €152,680 | €26,500 | -€126,180 | -82.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €151,180 | €25,000 | -€126,180 | -83.5% |
| Distributable reserves | 133 | €151,180 | €25,000 | -€126,180 | -83.5% |
| Amounts payable | 17/49 | €27,817 | €148,692 | +€120,875 | +435% |
| Amounts payable within one year | 42/48 | €27,817 | €148,692 | +€120,875 | +435% |
| Financial debts | 43 | €10,909 | €90 | -€10,820 | -99.2% |
| Credit institutions | 430/8 | - | €90 | +€90 | |
| Other loans | 439 | €10,909 | - | -€10,909 | |
| Trade debts | 44 | €2,573 | €23,410 | +€20,837 | +810% |
| Suppliers | 440/4 | €2,573 | €23,410 | +€20,837 | +810% |
| Taxes, remuneration and social security | 45 | €11,550 | €11,848 | +€298 | +2.6% |
| Taxes | 450/3 | €11,550 | €11,848 | +€298 | +2.6% |
| Other amounts payable | 47/48 | €2,785 | €113,344 | +€110,559 | +3,970% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,521 | €2,233 | +€712 | +46.8% |
| Other operating charges | 640/8 | €1,519 | €627 | -€892 | -58.7% |
| Gross operating margin | 9900 | €129,628 | €157,479 | +€27,851 | +21.5% |
| Operating profit (loss) | 9901 | €126,588 | €154,619 | +€28,031 | +22.1% |
| Financial income | 75/76B | €199 | €136 | -€63 | -31.8% |
| Recurring financial income | 75 | €199 | €136 | -€63 | -31.8% |
| Financial charges | 65/66B | €6,278 | €5,320 | -€958 | -15.3% |
| Recurring financial charges | 65 | €6,278 | €5,320 | -€958 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €120,509 | €149,435 | +€28,926 | +24.0% |
| Income taxes | 67/77 | €26,850 | €34,201 | +€7,351 | +27.4% |
| Profit (loss) for the period | 9904 | €93,659 | €115,234 | +€21,575 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,659 | €115,234 | +€21,575 | +23.0% |
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 25 October 2026 via checked.be.