KH INE: 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 INE
Largest movements
- Cash +€24,036
up €24,036 (+53.4%), from €45,030 to €69,066
mainly Net result for the year (+€26,408) and Depreciation (+€1,262)
- Deferred charges and accrued income +€2,646
up €2,646 (+901.6%), from €293 to €2,939
- Tangible fixed assets +€1,477
up €1,477 (+55.9%), from €2,641 to €4,118
of which Plant, machinery and equipment: +€2,524
- Receivables within one year -€857
down €857 (-67.7%), from €1,267 to €410
- Reserves +€26,408
up €26,408 (+70.1%), from €37,679 to €64,088
- Gross operating margin +€4,601
up €4,601 (+15.1%), from €30,454 to €35,054
- Taxes +€857
up €857 (+13.8%), from €6,233 to €7,090
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 | €49,231 | €76,533 | +€27,302 | +55.5% |
| Fixed assets | 21/28 | €2,641 | €4,118 | +€1,477 | +55.9% |
| Tangible fixed assets | 22/27 | €2,641 | €4,118 | +€1,477 | +55.9% |
| Plant, machinery and equipment | 23 | €339 | €2,863 | +€2,524 | +743.7% |
| Furniture and vehicles | 24 | €2,302 | €1,256 | -€1,046 | -45.5% |
| Current assets | 29/58 | €46,590 | €72,415 | +€25,825 | +55.4% |
| Amounts receivable within one year | 40/41 | €1,267 | €410 | -€857 | -67.7% |
| Other amounts receivable | 41 | €1,267 | €410 | -€857 | -67.7% |
| Cash at bank and in hand | 54/58 | €45,030 | €69,066 | +€24,036 | +53.4% |
| Deferred charges and accrued income | 490/1 | €293 | €2,939 | +€2,646 | +901.6% |
| Total equity and liabilities | 10/49 | €49,231 | €76,533 | +€27,302 | +55.5% |
| Equity | 10/15 | €40,679 | €67,088 | +€26,408 | +64.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,679 | €64,088 | +€26,408 | +70.1% |
| Distributable reserves | 133 | €37,679 | €64,088 | +€26,408 | +70.1% |
| Amounts payable | 17/49 | €8,552 | €9,446 | +€894 | +10.4% |
| Amounts payable within one year | 42/48 | €8,552 | €9,446 | +€894 | +10.4% |
| Trade debts | 44 | €1,312 | €1,714 | +€401 | +30.6% |
| Suppliers | 440/4 | €1,312 | €1,714 | +€401 | +30.6% |
| Other amounts payable | 47/48 | €7,240 | €7,732 | +€492 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146 | €1,262 | +€116 | +10.1% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €30,454 | €35,054 | +€4,601 | +15.1% |
| Operating profit (loss) | 9901 | €29,308 | €33,649 | +€4,341 | +14.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €202 | €150 | -€52 | -25.8% |
| Recurring financial charges | 65 | €202 | €150 | -€52 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €29,105 | €33,499 | +€4,393 | +15.1% |
| Income taxes | 67/77 | €6,233 | €7,090 | +€857 | +13.8% |
| Profit (loss) for the period | 9904 | €22,872 | €26,408 | +€3,536 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,872 | €26,408 | +€3,536 | +15.5% |
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 8 October 2026 via checked.be.