KH Multitechnics: 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 Multitechnics
Largest movements
- Receivables within one year -€39,236
down €39,236 (-59.7%), from €65,698 to €26,462
of which Other amounts receivable: -€45,498
- Cash -€12,810
down €12,810 (-24.9%), from €51,415 to €38,604
mainly Contributions, distributions and other (-€92,502)
- Profit (loss) carried forward -€68,907
down €68,907 (-74.5%), from €92,502 to €23,596
- Trade debts +€7,037
up €7,037 (+109.2%), from €6,443 to €13,480
- Other debts +€6,825
new in 2025: €6,825
- Tax, wage and social debts +€2,032
up €2,032 (+10.5%), from €19,322 to €21,354
- Gross operating margin -€4,183
down €4,183 (-11.5%), from €36,537 to €32,353
- Financial income -€2,155
down €2,155 (-99.2%), from €2,172 to €17
- Taxes -€772
down €772 (-10.3%), from €7,478 to €6,707
- Financial charges +€412
up €412 (+540.9%), from €76 to €488
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 | €121,267 | €68,254 | -€53,013 | -43.7% |
| Current assets | 29/58 | €121,267 | €68,254 | -€53,013 | -43.7% |
| Amounts receivable within one year | 40/41 | €65,698 | €26,462 | -€39,236 | -59.7% |
| Trade receivables | 40 | €16,239 | €22,501 | +€6,262 | +38.6% |
| Other amounts receivable | 41 | €49,459 | €3,961 | -€45,498 | -92.0% |
| Cash at bank and in hand | 54/58 | €51,415 | €38,604 | -€12,810 | -24.9% |
| Deferred charges and accrued income | 490/1 | €4,155 | €3,188 | -€967 | -23.3% |
| Total equity and liabilities | 10/49 | €121,267 | €68,254 | -€53,013 | -43.7% |
| Equity | 10/15 | €95,502 | €26,596 | -€68,907 | -72.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,502 | €23,596 | -€68,907 | -74.5% |
| Amounts payable | 17/49 | €25,765 | €41,658 | +€15,894 | +61.7% |
| Amounts payable within one year | 42/48 | €25,765 | €41,658 | +€15,894 | +61.7% |
| Trade debts | 44 | €6,443 | €13,480 | +€7,037 | +109.2% |
| Suppliers | 440/4 | €6,443 | €13,480 | +€7,037 | +109.2% |
| Taxes, remuneration and social security | 45 | €19,322 | €21,354 | +€2,032 | +10.5% |
| Taxes | 450/3 | €19,322 | €21,354 | +€2,032 | +10.5% |
| Other amounts payable | 47/48 | - | €6,825 | +€6,825 | |
| Non-recurring operating income | 76A | €5,117 | €1,249 | -€3,868 | -75.6% |
| Remuneration, social security and pensions | 62 | €965 | €866 | -€99 | -10.2% |
| Other operating charges | 640/8 | €949 | €714 | -€235 | -24.8% |
| Non-recurring operating charges | 66A | €2,424 | - | -€2,424 | |
| Gross operating margin | 9900 | €36,537 | €32,353 | -€4,183 | -11.5% |
| Operating profit (loss) | 9901 | €32,199 | €30,774 | -€1,425 | -4.4% |
| Financial income | 75/76B | €2,172 | €17 | -€2,155 | -99.2% |
| Recurring financial income | 75 | €2,172 | €17 | -€2,155 | -99.2% |
| Financial charges | 65/66B | €76 | €488 | +€412 | +540.9% |
| Recurring financial charges | 65 | €76 | €488 | +€412 | +540.9% |
| Profit (loss) for the period before taxes | 9903 | €34,295 | €30,302 | -€3,993 | -11.6% |
| Income taxes | 67/77 | €7,478 | €6,707 | -€772 | -10.3% |
| Profit (loss) for the period | 9904 | €26,817 | €23,596 | -€3,221 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,817 | €23,596 | -€3,221 | -12.0% |
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 7 October 2026 via checked.be.