KH ENGINEERING BELGIE: 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 ENGINEERING BELGIE
Largest movements
- Receivables within one year -€515,863
down €515,863 (-25.5%), from €2.0m to €1.5m
of which Trade receivables: -€524,357
- Stocks and contracts +€257,698
up €257,698 (+59.6%), from €432,726 to €690,424
- Cash +€87,177
up €87,177 (+1,136%), from €7,677 to €94,854
mainly Other debts (+€768,192) and Receivables within one year (+€515,863)
- Tangible fixed assets -€65,850
down €65,850 (-40.1%), from €164,387 to €98,536
- Deferred charges and accrued income -€52,498
no longer reported in 2025 (was €52,498)
- Profit (loss) carried forward -€821,960
down €821,960, from €556,319 to -€265,641
- Other debts +€768,192
up €768,192 (+1,375%), from €55,884 to €824,076
- Trade debts -€122,205
down €122,205 (-30.9%), from €395,597 to €273,392
- Tax, wage and social debts -€120,459
down €120,459 (-12.2%), from €987,177 to €866,718
of which Remuneration and social security: -€103,529
- Advances received +€34,402
up €34,402 (+166%), from €20,707 to €55,108
- Turnover -€1.9m
down €1.9m (-18.1%), from €10.6m to €8.7m
- Services and other goods -€853,354
down €853,354 (-15.5%), from €5.5m to €4.6m
- Staff costs -€343,646
down €343,646 (-6.5%), from €5.3m to €4.9m
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 | €2,683,602 | €2,394,266 | -€289,336 | -10.8% |
| Fixed assets | 21/28 | €164,387 | €98,536 | -€65,850 | -40.1% |
| Tangible fixed assets | 22/27 | €164,387 | €98,536 | -€65,850 | -40.1% |
| Furniture and vehicles | 24 | €164,387 | €98,536 | -€65,850 | -40.1% |
| Current assets | 29/58 | €2,519,215 | €2,295,730 | -€223,485 | -8.9% |
| Stocks and contracts in progress | 3 | €432,726 | €690,424 | +€257,698 | +59.6% |
| Contracts in progress | 37 | €432,726 | €690,424 | +€257,698 | +59.6% |
| Amounts receivable within one year | 40/41 | €2,026,314 | €1,510,452 | -€515,863 | -25.5% |
| Trade receivables | 40 | €1,999,838 | €1,475,481 | -€524,357 | -26.2% |
| Other amounts receivable | 41 | €26,476 | €34,971 | +€8,494 | +32.1% |
| Cash at bank and in hand | 54/58 | €7,677 | €94,854 | +€87,177 | +1,136% |
| Deferred charges and accrued income | 490/1 | €52,498 | - | -€52,498 | |
| Total equity and liabilities | 10/49 | €2,683,602 | €2,394,266 | -€289,336 | -10.8% |
| Equity | 10/15 | €1,113,442 | €291,482 | -€821,960 | -73.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €57,123 | €57,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €7,123 | €7,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €556,319 | -€265,641 | -€821,960 | |
| Amounts payable | 17/49 | €1,570,160 | €2,102,784 | +€532,624 | +33.9% |
| Amounts payable within one year | 42/48 | €1,459,365 | €2,019,294 | +€559,929 | +38.4% |
| Trade debts | 44 | €395,597 | €273,392 | -€122,205 | -30.9% |
| Suppliers | 440/4 | €395,597 | €273,392 | -€122,205 | -30.9% |
| Advances received on contracts in progress | 46 | €20,707 | €55,108 | +€34,402 | +166% |
| Taxes, remuneration and social security | 45 | €987,177 | €866,718 | -€120,459 | -12.2% |
| Taxes | 450/3 | €298,623 | €281,693 | -€16,930 | -5.7% |
| Remuneration and social security | 454/9 | €688,554 | €585,025 | -€103,529 | -15.0% |
| Other amounts payable | 47/48 | €55,884 | €824,076 | +€768,192 | +1,375% |
| Accrued charges and deferred income | 492/3 | €110,795 | €83,490 | -€27,305 | -24.6% |
| Operating income | 70/76A | €10,923,775 | €9,028,024 | -€1.9m | -17.4% |
| Turnover | 70 | €10,622,646 | €8,701,220 | -€1.9m | -18.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €160,675 | €223,862 | +€63,188 | +39.3% |
| Other operating income | 74 | €140,454 | €102,941 | -€37,513 | -26.7% |
| Operating charges | 60/66A | €10,886,726 | €9,748,634 | -€1.1m | -10.5% |
| Services and other goods | 61 | €5,496,205 | €4,642,851 | -€853,354 | -15.5% |
| Remuneration, social security and pensions | 62 | €5,291,005 | €4,947,359 | -€343,646 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,106 | €78,631 | -€474 | -0.6% |
| Other operating charges | 640/8 | €20,410 | €79,792 | +€59,383 | +291% |
| Operating profit (loss) | 9901 | €37,049 | -€720,610 | -€757,659 | |
| Financial income | 75/76B | €1,875 | - | -€1,875 | |
| Recurring financial income | 75 | €1,875 | - | -€1,875 | |
| Other financial income | 752/9 | €1,875 | - | -€1,875 | |
| Financial charges | 65/66B | €64,170 | €102,045 | +€37,875 | +59.0% |
| Recurring financial charges | 65 | €64,170 | €102,045 | +€37,875 | +59.0% |
| Debt charges | 650 | €64,170 | €102,045 | +€37,875 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,246 | -€822,655 | -€797,409 | -3,159% |
| Income taxes | 67/77 | €6,863 | -€695 | -€7,557 | |
| Taxes | 670/3 | €6,863 | - | -€6,863 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €695 | +€695 | |
| Profit (loss) for the period | 9904 | -€32,109 | -€821,960 | -€789,851 | -2,460% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,109 | -€821,960 | -€789,851 | -2,460% |
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 19 October 2026 via checked.be.