KHAN'S: 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'S
Largest movements
- Tangible fixed assets -€21,930
down €21,930 (-10.1%), from €216,186 to €194,256
- Receivables after one year +€12,294
up €12,294 (+3.0%), from €406,816 to €419,111
- Debts after one year -€31,994
down €31,994 (-28.7%), from €111,449 to €79,455
- Profit (loss) carried forward +€12,275
up €12,275 (+41.1%), from €29,870 to €42,145
- Gross operating margin -€3,650
down €3,650 (-8.4%), from €43,448 to €39,797
- Financial charges -€1,348
down €1,348 (-13.9%), from €9,672 to €8,325
- Taxes -€722
down €722 (-13.9%), from €5,190 to €4,468
- Financial income +€445
up €445 (+3.8%), from €11,849 to €12,294
- Other operating charges +€445
up €445 (+9.6%), from €4,649 to €5,094
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 | €631,846 | €617,336 | -€14,511 | -2.3% |
| Fixed assets | 21/28 | €216,186 | €194,256 | -€21,930 | -10.1% |
| Tangible fixed assets | 22/27 | €216,186 | €194,256 | -€21,930 | -10.1% |
| Land and buildings | 22 | €216,186 | €194,256 | -€21,930 | -10.1% |
| Current assets | 29/58 | €415,660 | €423,079 | +€7,419 | +1.8% |
| Amounts receivable after more than one year | 29 | €406,816 | €419,111 | +€12,294 | +3.0% |
| Other amounts receivable | 291 | €406,816 | €419,111 | +€12,294 | +3.0% |
| Amounts receivable within one year | 40/41 | €5,560 | €3,969 | -€1,592 | -28.6% |
| Other amounts receivable | 41 | €5,560 | €3,969 | -€1,592 | -28.6% |
| Cash at bank and in hand | 54/58 | €3,284 | - | -€3,284 | |
| Total equity and liabilities | 10/49 | €631,846 | €617,336 | -€14,511 | -2.3% |
| Equity | 10/15 | €164,839 | €177,113 | +€12,275 | +7.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €14,969 | €14,969 | = | 0.0% |
| Distributable reserves | 133 | €14,969 | €14,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,870 | €42,145 | +€12,275 | +41.1% |
| Amounts payable | 17/49 | €467,008 | €440,222 | -€26,785 | -5.7% |
| Amounts payable after more than one year | 17 | €111,449 | €79,455 | -€31,994 | -28.7% |
| Financial debts | 170/4 | €111,449 | €79,455 | -€31,994 | -28.7% |
| Amounts payable within one year | 42/48 | €355,559 | €360,767 | +€5,208 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €30,119 | €31,993 | +€1,875 | +6.2% |
| Financial debts | 43 | - | €3,985 | +€3,985 | |
| Credit institutions | 430/8 | - | €3,985 | +€3,985 | |
| Trade debts | 44 | €32,483 | €27,559 | -€4,924 | -15.2% |
| Suppliers | 440/4 | €32,483 | €27,559 | -€4,924 | -15.2% |
| Taxes, remuneration and social security | 45 | €895 | €4,468 | +€3,573 | +399.2% |
| Taxes | 450/3 | €895 | €4,468 | +€3,573 | +399.2% |
| Other amounts payable | 47/48 | €292,062 | €292,761 | +€700 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,930 | €21,930 | = | 0.0% |
| Other operating charges | 640/8 | €4,649 | €5,094 | +€445 | +9.6% |
| Gross operating margin | 9900 | €43,448 | €39,797 | -€3,650 | -8.4% |
| Operating profit (loss) | 9901 | €16,869 | €12,773 | -€4,096 | -24.3% |
| Financial income | 75/76B | €11,849 | €12,294 | +€445 | +3.8% |
| Recurring financial income | 75 | €11,849 | €12,294 | +€445 | +3.8% |
| Financial charges | 65/66B | €9,672 | €8,325 | -€1,348 | -13.9% |
| Recurring financial charges | 65 | €9,672 | €8,325 | -€1,348 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €19,045 | €16,743 | -€2,302 | -12.1% |
| Income taxes | 67/77 | €5,190 | €4,468 | -€722 | -13.9% |
| Profit (loss) for the period | 9904 | €13,855 | €12,275 | -€1,581 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,855 | €12,275 | -€1,581 | -11.4% |
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 10 October 2026 via checked.be.