KHAMAK INC: 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.
KHAMAK INC
Largest movements
- Cash +€113,250
up €113,250 (+31.5%), from €359,602 to €472,852
mainly Net result for the year (+€505,441) and Current portion of long-term debt (+€138,624)
- Receivables within one year -€18,811
down €18,811 (-14.7%), from €127,729 to €108,918
of which Other amounts receivable: -€25,902
- Profit (loss) carried forward +€140,735
up €140,735 (+31.5%), from €447,134 to €587,870
- Current portion of long-term debt +€138,624
up €138,624 (+543%), from €25,511 to €164,135
- Short-term financial debts -€119,993
no longer reported in 2025 (was €119,993)
- Debts after one year -€93,066
down €93,066 (-35.2%), from €264,089 to €171,022
- Other debts +€53,663
up €53,663 (+21.6%), from €248,517 to €302,180
- Gross operating margin +€228,781
up €228,781 (+30.9%), from €740,667 to €969,447
- Staff costs +€61,410
up €61,410 (+40.4%), from €152,177 to €213,587
- Taxes +€36,761
up €36,761 (+27.9%), from €131,837 to €168,598
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,218,384 | €1,324,407 | +€106,023 | +8.7% |
| Fixed assets | 21/28 | €731,054 | €742,637 | +€11,584 | +1.6% |
| Tangible fixed assets | 22/27 | €206,054 | €217,637 | +€11,584 | +5.6% |
| Plant, machinery and equipment | 23 | €12,175 | €4,284 | -€7,891 | -64.8% |
| Furniture and vehicles | 24 | €193,879 | €213,354 | +€19,475 | +10.0% |
| Financial fixed assets | 28 | €525,000 | €525,000 | = | 0.0% |
| Current assets | 29/58 | €487,331 | €581,770 | +€94,439 | +19.4% |
| Amounts receivable within one year | 40/41 | €127,729 | €108,918 | -€18,811 | -14.7% |
| Trade receivables | 40 | €101,827 | €108,918 | +€7,091 | +7.0% |
| Other amounts receivable | 41 | €25,902 | - | -€25,902 | |
| Cash at bank and in hand | 54/58 | €359,602 | €472,852 | +€113,250 | +31.5% |
| Total equity and liabilities | 10/49 | €1,218,384 | €1,324,407 | +€106,023 | +8.7% |
| Equity | 10/15 | €467,594 | €608,330 | +€140,735 | +30.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447,134 | €587,870 | +€140,735 | +31.5% |
| Amounts payable | 17/49 | €750,790 | €716,078 | -€34,712 | -4.6% |
| Amounts payable after more than one year | 17 | €264,089 | €171,022 | -€93,066 | -35.2% |
| Financial debts | 170/4 | €264,089 | €171,022 | -€93,066 | -35.2% |
| Amounts payable within one year | 42/48 | €486,701 | €545,055 | +€58,354 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €25,511 | €164,135 | +€138,624 | +543% |
| Financial debts | 43 | €119,993 | - | -€119,993 | |
| Credit institutions | 430/8 | €119,993 | - | -€119,993 | |
| Trade debts | 44 | €15,876 | €6,427 | -€9,449 | -59.5% |
| Suppliers | 440/4 | €15,876 | €6,427 | -€9,449 | -59.5% |
| Taxes, remuneration and social security | 45 | €76,805 | €72,313 | -€4,492 | -5.8% |
| Taxes | 450/3 | €74,041 | €69,263 | -€4,777 | -6.5% |
| Remuneration and social security | 454/9 | €2,764 | €3,050 | +€286 | +10.3% |
| Other amounts payable | 47/48 | €248,517 | €302,180 | +€53,663 | +21.6% |
| Remuneration, social security and pensions | 62 | €152,177 | €213,587 | +€61,410 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,762 | €68,541 | +€6,779 | +11.0% |
| Other operating charges | 640/8 | €1,133 | €2,949 | +€1,816 | +160% |
| Gross operating margin | 9900 | €740,667 | €969,447 | +€228,781 | +30.9% |
| Operating profit (loss) | 9901 | €525,594 | €684,370 | +€158,776 | +30.2% |
| Financial income | 75/76B | €640 | €58 | -€582 | -91.0% |
| Recurring financial income | 75 | €640 | €58 | -€582 | -91.0% |
| Financial charges | 65/66B | €12,353 | €10,389 | -€1,964 | -15.9% |
| Recurring financial charges | 65 | €12,353 | €10,389 | -€1,964 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €513,881 | €674,039 | +€160,158 | +31.2% |
| Income taxes | 67/77 | €131,837 | €168,598 | +€36,761 | +27.9% |
| Profit (loss) for the period | 9904 | €382,044 | €505,441 | +€123,397 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €382,044 | €505,441 | +€123,397 | +32.3% |
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 28 October 2026 via checked.be.