KH Creation: 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.
KH Creation
Largest movements
- Tangible fixed assets -€13,569
down €13,569 (-100.0%), from €13,569 to €0
of which Furniture and vehicles: -€12,883
- Deferred charges and accrued income -€2,068
down €2,068 (-94.0%), from €2,199 to €131
- Profit (loss) carried forward -€21,598
down €21,598 (-12.9%), from -€167,211 to -€188,810
- Other debts +€18,374
up €18,374 (+7.8%), from €234,925 to €253,299
- Current portion of long-term debt -€12,232
down €12,232 (-100.0%), from €12,232 to €0
- Gross operating margin -€1,600
down €1,600 (-28.9%), from -€5,538 to -€7,138
- Depreciation -€1,061
down €1,061 (-7.3%), from €14,630 to €13,569
- Taxes -€230
down €230 (-100.0%), from €230 to €0
- Other operating charges +€217
up €217 (+42.1%), from €516 to €734
- Financial charges -€117
down €117 (-42.5%), from €275 to €158
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 | €82,356 | €66,903 | -€15,453 | -18.8% |
| Fixed assets | 21/28 | €76,617 | €63,048 | -€13,569 | -17.7% |
| Tangible fixed assets | 22/27 | €13,569 | €0 | -€13,569 | -100.0% |
| Plant, machinery and equipment | 23 | €686 | €0 | -€686 | -100.0% |
| Furniture and vehicles | 24 | €12,883 | €0 | -€12,883 | -100.0% |
| Financial fixed assets | 28 | €63,048 | €63,048 | = | 0.0% |
| Current assets | 29/58 | €5,739 | €3,855 | -€1,884 | -32.8% |
| Amounts receivable within one year | 40/41 | €2,335 | €3,093 | +€757 | +32.4% |
| Other amounts receivable | 41 | €2,335 | €3,093 | +€757 | +32.4% |
| Cash at bank and in hand | 54/58 | €1,205 | €631 | -€574 | -47.6% |
| Deferred charges and accrued income | 490/1 | €2,199 | €131 | -€2,068 | -94.0% |
| Total equity and liabilities | 10/49 | €82,356 | €66,903 | -€15,453 | -18.8% |
| Equity | 10/15 | -€165,211 | -€186,810 | -€21,598 | -13.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,211 | -€188,810 | -€21,598 | -12.9% |
| Amounts payable | 17/49 | €247,567 | €253,713 | +€6,145 | +2.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €247,567 | €253,713 | +€6,145 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €12,232 | €0 | -€12,232 | -100.0% |
| Trade debts | 44 | €180 | €183 | +€3 | +1.7% |
| Suppliers | 440/4 | €180 | €183 | +€3 | +1.7% |
| Taxes, remuneration and social security | 45 | €230 | €230 | = | 0.0% |
| Taxes | 450/3 | €230 | €230 | = | 0.0% |
| Other amounts payable | 47/48 | €234,925 | €253,299 | +€18,374 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,630 | €13,569 | -€1,061 | -7.3% |
| Other operating charges | 640/8 | €516 | €734 | +€217 | +42.1% |
| Gross operating margin | 9900 | -€5,538 | -€7,138 | -€1,600 | -28.9% |
| Operating profit (loss) | 9901 | -€20,684 | -€21,440 | -€756 | -3.7% |
| Financial charges | 65/66B | €275 | €158 | -€117 | -42.5% |
| Recurring financial charges | 65 | €275 | €158 | -€117 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,959 | -€21,598 | -€639 | -3.1% |
| Income taxes | 67/77 | €230 | €0 | -€230 | -100.0% |
| Profit (loss) for the period | 9904 | -€21,189 | -€21,598 | -€409 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,189 | -€21,598 | -€409 | -1.9% |
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 29 September 2026 via checked.be.