KHALES: 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.
KHALES
Largest movements
- Receivables within one year +€15,926
up €15,926 (+824.7%), from €1,931 to €17,857
of which Trade receivables: +€12,788
- Profit (loss) carried forward +€14,302
up €14,302, from -€3,245 to €11,057
- Trade debts +€3,747
up €3,747 (+256.2%), from €1,463 to €5,209
- Tax, wage and social debts -€2,225
down €2,225 (-19.8%), from €11,262 to €9,037
of which Remuneration and social security: -€8,344
- Gross operating margin +€15,541
up €15,541 (+881.6%), from €1,763 to €17,304
- Taxes +€3,001
new in 2025: €3,001
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 | €14,480 | €30,304 | +€15,824 | +109.3% |
| Current assets | 29/58 | €14,480 | €30,304 | +€15,824 | +109.3% |
| Stocks and contracts in progress | 3 | €2,893 | €2,893 | = | 0.0% |
| Stocks | 30/36 | €2,893 | €2,893 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,931 | €17,857 | +€15,926 | +824.7% |
| Trade receivables | 40 | €1,931 | €14,719 | +€12,788 | +662.2% |
| Other amounts receivable | 41 | - | €3,138 | +€3,138 | |
| Cash at bank and in hand | 54/58 | €9,655 | €9,553 | -€103 | -1.1% |
| Total equity and liabilities | 10/49 | €14,480 | €30,304 | +€15,824 | +109.3% |
| Equity | 10/15 | €1,755 | €16,057 | +€14,302 | +815.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,245 | €11,057 | +€14,302 | |
| Amounts payable | 17/49 | €12,725 | €14,247 | +€1,522 | +12.0% |
| Amounts payable within one year | 42/48 | €12,725 | €14,247 | +€1,522 | +12.0% |
| Trade debts | 44 | €1,463 | €5,209 | +€3,747 | +256.2% |
| Suppliers | 440/4 | €1,463 | €5,209 | +€3,747 | +256.2% |
| Taxes, remuneration and social security | 45 | €11,262 | €9,037 | -€2,225 | -19.8% |
| Taxes | 450/3 | €2,899 | €9,018 | +€6,119 | +211.1% |
| Remuneration and social security | 454/9 | €8,363 | €19 | -€8,344 | -99.8% |
| Gross operating margin | 9900 | €1,763 | €17,304 | +€15,541 | +881.6% |
| Operating profit (loss) | 9901 | €1,763 | €17,304 | +€15,541 | +881.6% |
| Profit (loss) for the period before taxes | 9903 | €1,763 | €17,304 | +€15,541 | +881.6% |
| Income taxes | 67/77 | - | €3,001 | +€3,001 | |
| Profit (loss) for the period | 9904 | €1,763 | €14,302 | +€12,539 | +711.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,763 | €14,302 | +€12,539 | +711.3% |
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 8 October 2026 via checked.be.