KHAFI GROUP: 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.
KHAFI GROUP
Largest movements
- Receivables within one year +€38,379
up €38,379 (+344.1%), from €11,154 to €49,533
of which Trade receivables: +€43,195
- Financial fixed assets +€10,000
up €10,000 (+107.9%), from €9,268 to €19,268
- Advances received +€37,110
up €37,110 (+4167.0%), from €891 to €38,001
- Profit (loss) carried forward -€35,155
down €35,155 (-763.5%), from -€4,605 to -€39,759
- Trade debts +€26,705
up €26,705 (+2220.2%), from €1,203 to €27,908
- Tax, wage and social debts +€19,049
up €19,049 (+127.1%), from €14,983 to €34,032
of which Taxes: +€19,803
- Staff costs +€79,108
up €79,108 (+438.8%), from €18,029 to €97,137
- Turnover +€75,879
up €75,879 (+138.3%), from €54,884 to €130,763
- Gross operating margin +€54,284
up €54,284 (+381.5%), from €14,228 to €68,512
- Purchases and services +€15,893
up €15,893 (+34.0%), from €46,713 to €62,607
- Financial charges +€3,068
up €3,068 (+1052.5%), from €291 to €3,359
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 | €21,749 | €69,459 | +€47,709 | +219.4% |
| Fixed assets | 21/28 | €9,268 | €19,268 | +€10,000 | +107.9% |
| Financial fixed assets | 28 | €9,268 | €19,268 | +€10,000 | +107.9% |
| Current assets | 29/58 | €12,481 | €50,190 | +€37,709 | +302.1% |
| Amounts receivable within one year | 40/41 | €11,154 | €49,533 | +€38,379 | +344.1% |
| Trade receivables | 40 | €2,583 | €45,778 | +€43,195 | +1672.1% |
| Other amounts receivable | 41 | €8,571 | €3,755 | -€4,816 | -56.2% |
| Current investments | 50/53 | - | €20 | +€20 | |
| Cash at bank and in hand | 54/58 | €1,327 | €637 | -€690 | -52.0% |
| Total equity and liabilities | 10/49 | €21,749 | €69,459 | +€47,709 | +219.4% |
| Equity | 10/15 | €4,673 | -€30,482 | -€35,155 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,278 | €4,278 | = | 0.0% |
| Non-distributable reserves | 130/1 | €278 | €278 | = | 0.0% |
| Reserves not available under the articles | 1311 | €278 | €278 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,605 | -€39,759 | -€35,155 | -763.5% |
| Amounts payable | 17/49 | €17,076 | €99,940 | +€82,864 | +485.3% |
| Amounts payable within one year | 42/48 | €17,076 | €99,940 | +€82,864 | +485.3% |
| Trade debts | 44 | €1,203 | €27,908 | +€26,705 | +2220.2% |
| Suppliers | 440/4 | €1,203 | €27,908 | +€26,705 | +2220.2% |
| Advances received on contracts in progress | 46 | €891 | €38,001 | +€37,110 | +4167.0% |
| Taxes, remuneration and social security | 45 | €14,983 | €34,032 | +€19,049 | +127.1% |
| Taxes | 450/3 | €14,228 | €34,032 | +€19,803 | +139.2% |
| Remuneration and social security | 454/9 | €755 | - | -€755 | |
| Turnover | 70 | €54,884 | €130,763 | +€75,879 | +138.3% |
| Non-recurring operating income | 76A | - | €356 | +€356 | |
| Goods, raw materials, services and sundry goods | 60/61 | €46,713 | €62,607 | +€15,893 | +34.0% |
| Remuneration, social security and pensions | 62 | €18,029 | €97,137 | +€79,108 | +438.8% |
| Other operating charges | 640/8 | €533 | €32 | -€501 | -94.0% |
| Non-recurring operating charges | 66A | €1,257 | €4,021 | +€2,764 | +219.8% |
| Gross operating margin | 9900 | €14,228 | €68,512 | +€54,284 | +381.5% |
| Operating profit (loss) | 9901 | -€5,591 | -€32,678 | -€27,087 | -484.4% |
| Financial income | 75/76B | €3 | €883 | +€880 | +34379.3% |
| Recurring financial income | 75 | €3 | €883 | +€880 | +34379.3% |
| Financial charges | 65/66B | €291 | €3,359 | +€3,068 | +1052.5% |
| Recurring financial charges | 65 | €291 | €3,359 | +€3,068 | +1052.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,880 | -€35,155 | -€29,274 | -497.8% |
| Profit (loss) for the period | 9904 | -€5,880 | -€35,155 | -€29,274 | -497.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,880 | -€35,155 | -€29,274 | -497.8% |
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 4 October 2026 via checked.be.