Khan Group: 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.
Khan Group
Largest movements
- Stocks and contracts +€707,183
up €707,183 (+1,010%), from €70,000 to €777,183
- Receivables within one year +€240,152
up €240,152 (+35.6%), from €674,210 to €914,362
of which Other amounts receivable: +€384,364
- Cash -€120,954
down €120,954 (-23.5%), from €515,482 to €394,528
mainly Stocks and contracts (-€707,183) and Receivables within one year (-€240,152)
- Tangible fixed assets +€99,125
up €99,125 (+50.3%), from €197,051 to €296,176
of which Furniture and vehicles: +€84,953
- Trade debts +€656,501
up €656,501 (+78.3%), from €838,003 to €1.5m
- Profit (loss) carried forward +€194,180
up €194,180 (+67.7%), from €287,016 to €481,196
- Debts after one year +€36,386
up €36,386 (+61.3%), from €59,400 to €95,787
- Gross operating margin +€178,255
up €178,255 (+53.1%), from €335,756 to €514,010
- Taxes +€31,801
up €31,801 (+150%), from €21,200 to €53,001
- Staff costs -€11,774
down €11,774 (-5.5%), from €213,319 to €201,544
- Write-downs +€8,991
new in 2024: €8,991
- Financial income -€6,517
down €6,517 (-35.8%), from €18,180 to €11,663
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,459,903 | €2,386,131 | +€926,228 | +63.4% |
| Fixed assets | 21/28 | €197,051 | €296,176 | +€99,125 | +50.3% |
| Tangible fixed assets | 22/27 | €197,051 | €296,176 | +€99,125 | +50.3% |
| Plant, machinery and equipment | 23 | €258 | €8,705 | +€8,447 | +3,277% |
| Furniture and vehicles | 24 | €65,423 | €150,377 | +€84,953 | +130% |
| Other tangible fixed assets | 26 | €131,370 | €137,095 | +€5,724 | +4.4% |
| Current assets | 29/58 | €1,262,851 | €2,089,955 | +€827,103 | +65.5% |
| Stocks and contracts in progress | 3 | €70,000 | €777,183 | +€707,183 | +1,010% |
| Stocks | 30/36 | €70,000 | €777,183 | +€707,183 | +1,010% |
| Amounts receivable within one year | 40/41 | €674,210 | €914,362 | +€240,152 | +35.6% |
| Trade receivables | 40 | €571,200 | €426,989 | -€144,211 | -25.2% |
| Other amounts receivable | 41 | €103,010 | €487,373 | +€384,364 | +373% |
| Cash at bank and in hand | 54/58 | €515,482 | €394,528 | -€120,954 | -23.5% |
| Deferred charges and accrued income | 490/1 | €3,160 | €3,881 | +€722 | +22.8% |
| Total equity and liabilities | 10/49 | €1,459,903 | €2,386,131 | +€926,228 | +63.4% |
| Equity | 10/15 | €525,432 | €719,613 | +€194,180 | +37.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €238,416 | €238,416 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €238,416 | €238,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,016 | €481,196 | +€194,180 | +67.7% |
| Amounts payable | 17/49 | €934,470 | €1,666,518 | +€732,048 | +78.3% |
| Amounts payable after more than one year | 17 | €59,400 | €95,787 | +€36,386 | +61.3% |
| Financial debts | 170/4 | €59,400 | €95,787 | +€36,386 | +61.3% |
| Amounts payable within one year | 42/48 | €864,676 | €1,563,075 | +€698,399 | +80.8% |
| Current portion of amounts payable after more than one year | 42 | - | €19,365 | +€19,365 | |
| Trade debts | 44 | €838,003 | €1,494,504 | +€656,501 | +78.3% |
| Suppliers | 440/4 | €838,003 | €1,494,504 | +€656,501 | +78.3% |
| Taxes, remuneration and social security | 45 | €25,840 | €48,347 | +€22,507 | +87.1% |
| Taxes | 450/3 | €340 | €23,001 | +€22,661 | +6,666% |
| Remuneration and social security | 454/9 | €25,500 | €25,346 | -€154 | -0.6% |
| Other amounts payable | 47/48 | €833 | €859 | +€26 | +3.1% |
| Accrued charges and deferred income | 492/3 | €10,394 | €7,657 | -€2,737 | -26.3% |
| Non-recurring operating income | 76A | €35,614 | €50,552 | +€14,939 | +41.9% |
| Remuneration, social security and pensions | 62 | €213,319 | €201,544 | -€11,774 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,265 | €45,185 | +€4,920 | +12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,991 | +€8,991 | |
| Other operating charges | 640/8 | €4,915 | €8,229 | +€3,314 | +67.4% |
| Non-recurring operating charges | 66A | €0 | €4,835 | +€4,835 | |
| Gross operating margin | 9900 | €335,756 | €514,010 | +€178,255 | +53.1% |
| Operating profit (loss) | 9901 | €77,257 | €245,226 | +€167,969 | +217% |
| Financial income | 75/76B | €18,180 | €11,663 | -€6,517 | -35.8% |
| Recurring financial income | 75 | €18,180 | €11,663 | -€6,517 | -35.8% |
| Financial charges | 65/66B | €13,531 | €8,849 | -€4,683 | -34.6% |
| Recurring financial charges | 65 | €13,531 | €8,849 | -€4,683 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €81,906 | €248,040 | +€166,134 | +203% |
| Income taxes | 67/77 | €21,200 | €53,001 | +€31,801 | +150% |
| Profit (loss) for the period | 9904 | €60,706 | €195,039 | +€134,333 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €60,706 | €195,039 | +€134,333 | +221% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.