@KH-SERVICE: 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-SERVICE
Largest movements
- Current investments -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
- Cash +€44,861
up €44,861 (+44.5%), from €100,846 to €145,706
mainly Current investments (+€125,000) and Net result for the year (+€93,034)
- Tangible fixed assets -€9,849
down €9,849 (-3.5%), from €284,559 to €274,710
of which Land and buildings: -€8,569
- Receivables within one year +€9,282
up €9,282 (+30.9%), from €30,084 to €39,366
of which Trade receivables: +€10,841
- Reserves -€54,025
down €54,025 (-16.5%), from €327,942 to €273,917
of which Distributable reserves: -€54,025
- Debts after one year -€16,343
down €16,343 (-10.4%), from €157,540 to €141,196
- Tax, wage and social debts -€16,334
down €16,334 (-35.0%), from €46,679 to €30,346
of which Taxes: -€16,749
- Gross operating margin -€9,768
down €9,768 (-5.0%), from €195,751 to €185,984
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 | €670,389 | €589,363 | -€81,026 | -12.1% |
| Fixed assets | 21/28 | €285,609 | €275,760 | -€9,849 | -3.4% |
| Tangible fixed assets | 22/27 | €284,559 | €274,710 | -€9,849 | -3.5% |
| Land and buildings | 22 | €273,793 | €265,224 | -€8,569 | -3.1% |
| Plant, machinery and equipment | 23 | €1,579 | €2,270 | +€692 | +43.8% |
| Furniture and vehicles | 24 | €9,187 | €7,216 | -€1,971 | -21.5% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €384,780 | €313,602 | -€71,177 | -18.5% |
| Amounts receivable within one year | 40/41 | €30,084 | €39,366 | +€9,282 | +30.9% |
| Trade receivables | 40 | €28,516 | €39,357 | +€10,841 | +38.0% |
| Other amounts receivable | 41 | €1,568 | €10 | -€1,559 | -99.4% |
| Current investments | 50/53 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €100,846 | €145,706 | +€44,861 | +44.5% |
| Deferred charges and accrued income | 490/1 | €3,850 | €3,530 | -€320 | -8.3% |
| Total equity and liabilities | 10/49 | €670,389 | €589,363 | -€81,026 | -12.1% |
| Equity | 10/15 | €347,390 | €293,365 | -€54,025 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,942 | €273,917 | -€54,025 | -16.5% |
| Tax-exempt reserves | 132 | €15,113 | €15,113 | = | 0.0% |
| Distributable reserves | 133 | €312,829 | €258,804 | -€54,025 | -17.3% |
| Profit (loss) carried forward | 14 | €848 | €848 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €321,499 | €294,498 | -€27,001 | -8.4% |
| Amounts payable after more than one year | 17 | €157,540 | €141,196 | -€16,343 | -10.4% |
| Financial debts | 170/4 | €157,540 | €141,196 | -€16,343 | -10.4% |
| Amounts payable within one year | 42/48 | €163,959 | €153,302 | -€10,658 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €16,069 | €16,343 | +€274 | +1.7% |
| Trade debts | 44 | €2,187 | €2,351 | +€164 | +7.5% |
| Suppliers | 440/4 | €2,187 | €2,351 | +€164 | +7.5% |
| Taxes, remuneration and social security | 45 | €46,679 | €30,346 | -€16,334 | -35.0% |
| Taxes | 450/3 | €40,319 | €23,571 | -€16,749 | -41.5% |
| Remuneration and social security | 454/9 | €6,360 | €6,775 | +€415 | +6.5% |
| Other amounts payable | 47/48 | €99,024 | €104,262 | +€5,238 | +5.3% |
| Remuneration, social security and pensions | 62 | €43,830 | €45,248 | +€1,418 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,011 | €12,222 | +€211 | +1.8% |
| Other operating charges | 640/8 | €1,409 | €1,792 | +€384 | +27.2% |
| Gross operating margin | 9900 | €195,751 | €185,984 | -€9,768 | -5.0% |
| Operating profit (loss) | 9901 | €138,502 | €126,720 | -€11,781 | -8.5% |
| Financial income | 75/76B | €449 | €1,016 | +€567 | +126% |
| Recurring financial income | 75 | €449 | €1,016 | +€567 | +126% |
| Financial charges | 65/66B | €3,220 | €3,268 | +€48 | +1.5% |
| Recurring financial charges | 65 | €3,220 | €3,268 | +€48 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €135,730 | €124,468 | -€11,262 | -8.3% |
| Income taxes | 67/77 | €31,490 | €31,434 | -€56 | -0.2% |
| Profit (loss) for the period | 9904 | €104,240 | €93,034 | -€11,206 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,240 | €93,034 | -€11,206 | -10.8% |
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 27 October 2026 via checked.be.