KHAA: 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.
KHAA
Largest movements
- Receivables within one year +€7,201
up €7,201 (+81.9%), from €8,790 to €15,991
- Cash -€6,473
down €6,473 (-40.1%), from €16,155 to €9,682
mainly Other debts (-€7,349) and Receivables within one year (-€7,201)
- Deferred charges and accrued income -€2,687
no longer reported in 2025 (was €2,687)
- Intangible fixed assets -€1,500
down €1,500 (-33.3%), from €4,500 to €3,000
- Stocks and contracts -€1,366
down €1,366 (-45.9%), from €2,975 to €1,609
- Profit (loss) carried forward +€9,969
up €9,969, from -€1,621 to €8,348
- Other debts -€7,349
no longer reported in 2025 (was €7,349)
- Tax, wage and social debts -€5,711
down €5,711 (-53.4%), from €10,704 to €4,993
of which Remuneration and social security: -€5,564
- Trade debts -€1,119
down €1,119 (-67.6%), from €1,655 to €537
- Staff costs -€54,662
down €54,662 (-54.9%), from €99,618 to €44,956
- Gross operating margin -€34,412
down €34,412 (-32.3%), from €106,465 to €72,053
- Other operating charges +€11,596
up €11,596 (+14,007%), from €83 to €11,679
- Financial charges +€2,820
up €2,820 (+602%), from €468 to €3,288
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 | €36,688 | €32,478 | -€4,210 | -11.5% |
| Fixed assets | 21/28 | €6,081 | €5,197 | -€884 | -14.5% |
| Intangible fixed assets | 21 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Tangible fixed assets | 22/27 | €1,581 | €2,197 | +€616 | +39.0% |
| Plant, machinery and equipment | 23 | - | €1,024 | +€1,024 | |
| Furniture and vehicles | 24 | €690 | €460 | -€230 | -33.3% |
| Other tangible fixed assets | 26 | €891 | €713 | -€178 | -20.0% |
| Current assets | 29/58 | €30,607 | €27,281 | -€3,326 | -10.9% |
| Stocks and contracts in progress | 3 | €2,975 | €1,609 | -€1,366 | -45.9% |
| Stocks | 30/36 | €2,975 | €1,609 | -€1,366 | -45.9% |
| Amounts receivable within one year | 40/41 | €8,790 | €15,991 | +€7,201 | +81.9% |
| Other amounts receivable | 41 | €8,790 | €15,991 | +€7,201 | +81.9% |
| Cash at bank and in hand | 54/58 | €16,155 | €9,682 | -€6,473 | -40.1% |
| Deferred charges and accrued income | 490/1 | €2,687 | - | -€2,687 | |
| Total equity and liabilities | 10/49 | €36,688 | €32,478 | -€4,210 | -11.5% |
| Equity | 10/15 | €16,979 | €26,948 | +€9,969 | +58.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,621 | €8,348 | +€9,969 | |
| Amounts payable | 17/49 | €19,709 | €5,530 | -€14,179 | -71.9% |
| Amounts payable within one year | 42/48 | €19,709 | €5,530 | -€14,179 | -71.9% |
| Trade debts | 44 | €1,655 | €537 | -€1,119 | -67.6% |
| Suppliers | 440/4 | €1,655 | €537 | -€1,119 | -67.6% |
| Taxes, remuneration and social security | 45 | €10,704 | €4,993 | -€5,711 | -53.4% |
| Taxes | 450/3 | €147 | - | -€147 | |
| Remuneration and social security | 454/9 | €10,557 | €4,993 | -€5,564 | -52.7% |
| Other amounts payable | 47/48 | €7,349 | - | -€7,349 | |
| Remuneration, social security and pensions | 62 | €99,618 | €44,956 | -€54,662 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,908 | €2,164 | +€256 | +13.4% |
| Other operating charges | 640/8 | €83 | €11,679 | +€11,596 | +14,007% |
| Gross operating margin | 9900 | €106,465 | €72,053 | -€34,412 | -32.3% |
| Operating profit (loss) | 9901 | €4,856 | €13,254 | +€8,399 | +173% |
| Financial income | 75/76B | €30 | €3 | -€27 | -91.1% |
| Recurring financial income | 75 | €30 | €3 | -€27 | -91.1% |
| Financial charges | 65/66B | €468 | €3,288 | +€2,820 | +602% |
| Recurring financial charges | 65 | €468 | €3,288 | +€2,820 | +602% |
| Profit (loss) for the period before taxes | 9903 | €4,417 | €9,969 | +€5,552 | +126% |
| Profit (loss) for the period | 9904 | €4,417 | €9,969 | +€5,552 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €4,417 | €9,969 | +€5,552 | +126% |
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 14 October 2026 via checked.be.