KHALI: 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.
KHALI
Largest movements
- Stocks and contracts +€11,451
new in 2025: €11,451
- Cash +€10,036
up €10,036 (+91.7%), from €10,944 to €20,980
mainly Tax, wage and social debts (+€18,226) and Receivables within one year (+€4,111)
- Receivables within one year -€4,111
down €4,111 (-16.3%), from €25,213 to €21,102
of which Trade receivables: -€3,611
- Tangible fixed assets +€1,500
new in 2025: €1,500
- Tax, wage and social debts +€18,226
up €18,226 (+242.7%), from €7,511 to €25,738
of which Taxes: +€13,077
- Profit (loss) carried forward +€902
up €902 (+7.6%), from €11,850 to €12,752
- Staff costs +€30,064
new in 2025: €30,064
- Gross operating margin +€17,002
up €17,002 (+114.5%), from €14,851 to €31,852
- Taxes -€2,737
down €2,737 (-92.4%), from €2,963 to €226
- Depreciation +€500
new in 2025: €500
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 | €36,157 | €55,033 | +€18,876 | +52.2% |
| Fixed assets | 21/28 | - | €1,500 | +€1,500 | |
| Tangible fixed assets | 22/27 | - | €1,500 | +€1,500 | |
| Furniture and vehicles | 24 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €36,157 | €53,533 | +€17,376 | +48.1% |
| Stocks and contracts in progress | 3 | - | €11,451 | +€11,451 | |
| Stocks | 30/36 | - | €11,451 | +€11,451 | |
| Amounts receivable within one year | 40/41 | €25,213 | €21,102 | -€4,111 | -16.3% |
| Trade receivables | 40 | €24,713 | €21,102 | -€3,611 | -14.6% |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €10,944 | €20,980 | +€10,036 | +91.7% |
| Total equity and liabilities | 10/49 | €36,157 | €55,033 | +€18,876 | +52.2% |
| Equity | 10/15 | €14,350 | €15,252 | +€902 | +6.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,850 | €12,752 | +€902 | +7.6% |
| Amounts payable | 17/49 | €21,807 | €39,780 | +€17,974 | +82.4% |
| Amounts payable within one year | 42/48 | €21,807 | €39,780 | +€17,974 | +82.4% |
| Trade debts | 44 | €14,295 | €14,043 | -€253 | -1.8% |
| Suppliers | 440/4 | €14,295 | €14,043 | -€253 | -1.8% |
| Taxes, remuneration and social security | 45 | €7,511 | €25,738 | +€18,226 | +242.7% |
| Taxes | 450/3 | €7,511 | €20,588 | +€13,077 | +174.1% |
| Remuneration and social security | 454/9 | - | €5,150 | +€5,150 | |
| Remuneration, social security and pensions | 62 | - | €30,064 | +€30,064 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €500 | +€500 | |
| Other operating charges | 640/8 | €1 | €107 | +€106 | +11520.7% |
| Gross operating margin | 9900 | €14,851 | €31,852 | +€17,002 | +114.5% |
| Operating profit (loss) | 9901 | €14,850 | €1,182 | -€13,668 | -92.0% |
| Financial charges | 65/66B | €37 | €54 | +€17 | +46.7% |
| Recurring financial charges | 65 | €37 | €54 | +€17 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €14,813 | €1,128 | -€13,685 | -92.4% |
| Income taxes | 67/77 | €2,963 | €226 | -€2,737 | -92.4% |
| Profit (loss) for the period | 9904 | €11,850 | €902 | -€10,948 | -92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,850 | €902 | -€10,948 | -92.4% |
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 3 October 2026 via checked.be.