KHANBALIK: 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.
KHANBALIK
Largest movements
- Receivables within one year +€41,912
new in 2025: €41,912
- Cash +€34,619
up €34,619 (+74.2%), from €46,628 to €81,247
mainly Net result for the year (+€67,751) and Depreciation (+€34,312)
- Tangible fixed assets -€34,312
down €34,312 (-4.8%), from €720,320 to €686,008
- Reserves +€67,751
up €67,751 (+13.7%), from €493,580 to €561,330
of which Distributable reserves: +€67,751
- Debts after one year -€58,088
no longer reported in 2025 (was €58,088)
- Tax, wage and social debts +€22,815
up €22,815 (+299%), from €7,637 to €30,452
- Other debts +€17,432
new in 2025: €17,432
- Gross operating margin +€23,040
up €23,040 (+18.1%), from €127,305 to €150,345
- Taxes +€19,680
up €19,680 (+94.8%), from €20,764 to €40,443
- Financial charges -€4,502
down €4,502 (-96.2%), from €4,682 to €180
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.
Derived cash bridge
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 | €772,724 | €815,327 | +€42,602 | +5.5% |
| Fixed assets | 21/28 | €720,320 | €686,008 | -€34,312 | -4.8% |
| Tangible fixed assets | 22/27 | €720,320 | €686,008 | -€34,312 | -4.8% |
| Land and buildings | 22 | €720,320 | €686,008 | -€34,312 | -4.8% |
| Current assets | 29/58 | €52,404 | €129,318 | +€76,914 | +147% |
| Amounts receivable within one year | 40/41 | - | €41,912 | +€41,912 | |
| Other amounts receivable | 41 | - | €41,912 | +€41,912 | |
| Cash at bank and in hand | 54/58 | €46,628 | €81,247 | +€34,619 | +74.2% |
| Deferred charges and accrued income | 490/1 | €5,776 | €6,160 | +€384 | +6.6% |
| Total equity and liabilities | 10/49 | €772,724 | €815,327 | +€42,602 | +5.5% |
| Equity | 10/15 | €693,580 | €761,330 | +€67,751 | +9.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €493,580 | €561,330 | +€67,751 | +13.7% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €473,580 | €541,330 | +€67,751 | +14.3% |
| Amounts payable | 17/49 | €79,145 | €53,996 | -€25,148 | -31.8% |
| Amounts payable after more than one year | 17 | €58,088 | - | -€58,088 | |
| Other amounts payable | 178/9 | €58,088 | - | -€58,088 | |
| Amounts payable within one year | 42/48 | €18,520 | €51,479 | +€32,959 | +178% |
| Trade debts | 44 | €10,883 | €3,594 | -€7,289 | -67.0% |
| Suppliers | 440/4 | €10,883 | €3,594 | -€7,289 | -67.0% |
| Taxes, remuneration and social security | 45 | €7,637 | €30,452 | +€22,815 | +299% |
| Taxes | 450/3 | €7,637 | €30,452 | +€22,815 | +299% |
| Other amounts payable | 47/48 | - | €17,432 | +€17,432 | |
| Accrued charges and deferred income | 492/3 | €2,536 | €2,518 | -€19 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,312 | €34,312 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,726 | €7,659 | +€932 | +13.9% |
| Gross operating margin | 9900 | €127,305 | €150,345 | +€23,040 | +18.1% |
| Operating profit (loss) | 9901 | €86,266 | €108,374 | +€22,108 | +25.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,682 | €180 | -€4,502 | -96.2% |
| Recurring financial charges | 65 | €4,682 | €180 | -€4,502 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €81,584 | €108,194 | +€26,609 | +32.6% |
| Income taxes | 67/77 | €20,764 | €40,443 | +€19,680 | +94.8% |
| Profit (loss) for the period | 9904 | €60,821 | €67,751 | +€6,930 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,821 | €67,751 | +€6,930 | +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 15 October 2026 via checked.be.