KHADENCA: 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.
KHADENCA
Largest movements
- Cash +€48,367
up €48,367 (+42.2%), from €114,495 to €162,861
mainly Other debts (+€59,134) and Net result for the year (+€48,170)
- Receivables within one year +€6,427
up €6,427 (+5.7%), from €113,715 to €120,142
of which Other amounts receivable: +€36,917
- Tangible fixed assets -€5,844
down €5,844 (-64.5%), from €9,060 to €3,216
- Other debts +€59,134
up €59,134 (+6,832%), from €866 to €60,000
- Profit (loss) carried forward -€11,830
down €11,830 (-5.5%), from €216,403 to €204,572
- Tax, wage and social debts +€4,958
up €4,958 (+35.0%), from €14,160 to €19,118
- Trade debts -€3,312
down €3,312 (-86.2%), from €3,841 to €529
- Gross operating margin -€19,961
down €19,961 (-19.5%), from €102,298 to €82,336
- Taxes +€10,198
up €10,198 (+72.0%), from €14,160 to €24,358
- Other operating charges +€3,254
up €3,254 (+1,182%), from €275 to €3,530
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 | €237,270 | €286,219 | +€48,950 | +20.6% |
| Fixed assets | 21/28 | €9,060 | €3,216 | -€5,844 | -64.5% |
| Tangible fixed assets | 22/27 | €9,060 | €3,216 | -€5,844 | -64.5% |
| Furniture and vehicles | 24 | €9,060 | €3,216 | -€5,844 | -64.5% |
| Current assets | 29/58 | €228,209 | €283,003 | +€54,794 | +24.0% |
| Amounts receivable within one year | 40/41 | €113,715 | €120,142 | +€6,427 | +5.7% |
| Trade receivables | 40 | €64,072 | €33,582 | -€30,490 | -47.6% |
| Other amounts receivable | 41 | €49,643 | €86,560 | +€36,917 | +74.4% |
| Cash at bank and in hand | 54/58 | €114,495 | €162,861 | +€48,367 | +42.2% |
| Total equity and liabilities | 10/49 | €237,270 | €286,219 | +€48,950 | +20.6% |
| Equity | 10/15 | €218,403 | €206,572 | -€11,830 | -5.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €216,403 | €204,572 | -€11,830 | -5.5% |
| Amounts payable | 17/49 | €18,867 | €79,647 | +€60,780 | +322% |
| Amounts payable within one year | 42/48 | €18,867 | €79,647 | +€60,780 | +322% |
| Trade debts | 44 | €3,841 | €529 | -€3,312 | -86.2% |
| Suppliers | 440/4 | €3,841 | €529 | -€3,312 | -86.2% |
| Taxes, remuneration and social security | 45 | €14,160 | €19,118 | +€4,958 | +35.0% |
| Taxes | 450/3 | €14,160 | €19,118 | +€4,958 | +35.0% |
| Other amounts payable | 47/48 | €866 | €60,000 | +€59,134 | +6,832% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,857 | €5,844 | -€13 | -0.2% |
| Other operating charges | 640/8 | €275 | €3,530 | +€3,254 | +1,182% |
| Gross operating margin | 9900 | €102,298 | €82,336 | -€19,961 | -19.5% |
| Operating profit (loss) | 9901 | €96,165 | €72,963 | -€23,203 | -24.1% |
| Financial charges | 65/66B | €364 | €435 | +€71 | +19.4% |
| Recurring financial charges | 65 | €364 | €435 | +€71 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €95,801 | €72,527 | -€23,274 | -24.3% |
| Income taxes | 67/77 | €14,160 | €24,358 | +€10,198 | +72.0% |
| Profit (loss) for the period | 9904 | €81,641 | €48,170 | -€33,471 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,641 | €48,170 | -€33,471 | -41.0% |
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 24 October 2026 via checked.be.