KH TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€20,068
down €20,068 (-13.5%), from €148,847 to €128,779
of which Furniture and vehicles: -€11,545
- Cash -€17,407
down €17,407 (-20.3%), from €85,570 to €68,163
mainly Current portion of long-term debt (-€65,204) and Debts after one year (-€48,000)
- Other debts +€82,993
up €82,993 (+1283.4%), from €6,467 to €89,459
- Trade debts +€80,173
up €80,173 (+174.9%), from €45,831 to €126,003
- Current portion of long-term debt -€65,204
no longer reported in 2025 (was €65,204)
- Debts after one year -€48,000
down €48,000 (-9.1%), from €528,000 to €480,000
- Tax, wage and social debts -€34,306
down €34,306 (-55.2%), from €62,201 to €27,895
of which Remuneration and social security: -€36,020
- Gross operating margin -€60,756
down €60,756 (-10.6%), from €573,695 to €512,939
- Depreciation -€35,687
down €35,687 (-45.4%), from €78,635 to €42,948
- Staff costs +€17,606
up €17,606 (+4.3%), from €412,003 to €429,609
- Financial income +€13,381
up €13,381 (+27.3%), from €48,925 to €62,305
- Taxes +€9,128
up €9,128, from -€4,431 to €4,697
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 | €1,376,968 | €1,365,749 | -€11,220 | -0.8% |
| Fixed assets | 21/28 | €148,847 | €128,779 | -€20,068 | -13.5% |
| Tangible fixed assets | 22/27 | €148,847 | €128,779 | -€20,068 | -13.5% |
| Land and buildings | 22 | €72,841 | €69,370 | -€3,470 | -4.8% |
| Plant, machinery and equipment | 23 | €11,695 | €6,642 | -€5,052 | -43.2% |
| Furniture and vehicles | 24 | €64,312 | €52,766 | -€11,545 | -18.0% |
| Current assets | 29/58 | €1,228,121 | €1,236,970 | +€8,848 | +0.7% |
| Amounts receivable within one year | 40/41 | €98,247 | €104,415 | +€6,168 | +6.3% |
| Trade receivables | 40 | €88,262 | €92,996 | +€4,734 | +5.4% |
| Other amounts receivable | 41 | €9,984 | €11,419 | +€1,434 | +14.4% |
| Current investments | 50/53 | €1,037,115 | €1,049,606 | +€12,491 | +1.2% |
| Cash at bank and in hand | 54/58 | €85,570 | €68,163 | -€17,407 | -20.3% |
| Deferred charges and accrued income | 490/1 | €7,190 | €14,786 | +€7,595 | +105.6% |
| Total equity and liabilities | 10/49 | €1,376,968 | €1,365,749 | -€11,220 | -0.8% |
| Equity | 10/15 | €512,346 | €492,392 | -€19,954 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €493,746 | €473,792 | -€19,954 | -4.0% |
| Distributable reserves | 133 | €493,746 | €473,792 | -€19,954 | -4.0% |
| Amounts payable | 17/49 | €864,623 | €873,357 | +€8,735 | +1.0% |
| Amounts payable after more than one year | 17 | €528,000 | €480,000 | -€48,000 | -9.1% |
| Financial debts | 170/4 | €528,000 | €480,000 | -€48,000 | -9.1% |
| Amounts payable within one year | 42/48 | €336,623 | €393,357 | +€56,735 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €65,204 | - | -€65,204 | |
| Financial debts | 43 | €156,921 | €150,000 | -€6,921 | -4.4% |
| Credit institutions | 430/8 | €156,921 | €150,000 | -€6,921 | -4.4% |
| Trade debts | 44 | €45,831 | €126,003 | +€80,173 | +174.9% |
| Suppliers | 440/4 | €45,831 | €126,003 | +€80,173 | +174.9% |
| Taxes, remuneration and social security | 45 | €62,201 | €27,895 | -€34,306 | -55.2% |
| Taxes | 450/3 | €11,140 | €12,854 | +€1,714 | +15.4% |
| Remuneration and social security | 454/9 | €51,061 | €15,041 | -€36,020 | -70.5% |
| Other amounts payable | 47/48 | €6,467 | €89,459 | +€82,993 | +1283.4% |
| Remuneration, social security and pensions | 62 | €412,003 | €429,609 | +€17,606 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,635 | €42,948 | -€35,687 | -45.4% |
| Other operating charges | 640/8 | €48,529 | €51,647 | +€3,118 | +6.4% |
| Gross operating margin | 9900 | €573,695 | €512,939 | -€60,756 | -10.6% |
| Operating profit (loss) | 9901 | €34,528 | -€11,265 | -€45,793 | |
| Financial income | 75/76B | €48,925 | €62,305 | +€13,381 | +27.3% |
| Recurring financial income | 75 | €48,925 | €62,305 | +€13,381 | +27.3% |
| Financial charges | 65/66B | €61,172 | €66,298 | +€5,125 | +8.4% |
| Recurring financial charges | 65 | €61,172 | €66,298 | +€5,125 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €22,280 | -€15,257 | -€37,537 | |
| Income taxes | 67/77 | -€4,431 | €4,697 | +€9,128 | |
| Profit (loss) for the period | 9904 | €26,711 | -€19,954 | -€46,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,711 | -€19,954 | -€46,666 |
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.