KHANI EDITIONS: 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.
KHANI EDITIONS
Largest movements
- Stocks and contracts +€25,799
up €25,799 (+37.1%), from €69,537 to €95,336
- Receivables within one year -€6,823
down €6,823 (-73.4%), from €9,294 to €2,470
- Cash -€3,799
down €3,799 (-8.4%), from €45,002 to €41,202
mainly Stocks and contracts (-€25,799) and Other debts (-€8,426)
- Tangible fixed assets -€1,727
down €1,727 (-30.4%), from €5,681 to €3,954
of which Land and buildings: -€1,568
- Trade debts +€14,996
up €14,996 (+143%), from €10,507 to €25,503
- Other debts -€8,426
down €8,426 (-18.8%), from €44,888 to €36,462
- Tax, wage and social debts +€3,960
up €3,960 (+50.7%), from €7,804 to €11,764
- Profit (loss) carried forward +€3,851
up €3,851 (+22.4%), from €17,154 to €21,005
- Gross operating margin -€39,062
down €39,062 (-73.8%), from €52,964 to €13,902
- Taxes -€7,036
down €7,036 (-52.1%), from €13,496 to €6,460
- Other operating charges -€3,255
down €3,255 (-74.4%), from €4,377 to €1,121
- Depreciation -€3,151
down €3,151 (-64.6%), from €4,879 to €1,727
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 | €130,302 | €144,683 | +€14,380 | +11.0% |
| Fixed assets | 21/28 | €5,681 | €3,954 | -€1,727 | -30.4% |
| Tangible fixed assets | 22/27 | €5,681 | €3,954 | -€1,727 | -30.4% |
| Land and buildings | 22 | €5,522 | €3,954 | -€1,568 | -28.4% |
| Furniture and vehicles | 24 | €159 | - | -€159 | |
| Current assets | 29/58 | €124,621 | €140,729 | +€16,108 | +12.9% |
| Stocks and contracts in progress | 3 | €69,537 | €95,336 | +€25,799 | +37.1% |
| Stocks | 30/36 | €69,537 | €95,336 | +€25,799 | +37.1% |
| Amounts receivable within one year | 40/41 | €9,294 | €2,470 | -€6,823 | -73.4% |
| Trade receivables | 40 | €9,294 | €2,470 | -€6,823 | -73.4% |
| Cash at bank and in hand | 54/58 | €45,002 | €41,202 | -€3,799 | -8.4% |
| Deferred charges and accrued income | 490/1 | €789 | €1,720 | +€931 | +118% |
| Total equity and liabilities | 10/49 | €130,302 | €144,683 | +€14,380 | +11.0% |
| Equity | 10/15 | €67,103 | €70,954 | +€3,851 | +5.7% |
| Contributions | 10/11 | €22,930 | €22,930 | = | 0.0% |
| Reserves | 13 | €27,018 | €27,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,293 | €2,293 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,293 | €2,293 | = | 0.0% |
| Distributable reserves | 133 | €24,725 | €24,725 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,154 | €21,005 | +€3,851 | +22.4% |
| Amounts payable | 17/49 | €63,199 | €73,729 | +€10,529 | +16.7% |
| Amounts payable within one year | 42/48 | €63,199 | €73,729 | +€10,529 | +16.7% |
| Trade debts | 44 | €10,507 | €25,503 | +€14,996 | +143% |
| Suppliers | 440/4 | €10,507 | €25,503 | +€14,996 | +143% |
| Taxes, remuneration and social security | 45 | €7,804 | €11,764 | +€3,960 | +50.7% |
| Taxes | 450/3 | €7,804 | €11,764 | +€3,960 | +50.7% |
| Other amounts payable | 47/48 | €44,888 | €36,462 | -€8,426 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,879 | €1,727 | -€3,151 | -64.6% |
| Other operating charges | 640/8 | €4,377 | €1,121 | -€3,255 | -74.4% |
| Gross operating margin | 9900 | €52,964 | €13,902 | -€39,062 | -73.8% |
| Operating profit (loss) | 9901 | €43,709 | €11,054 | -€32,655 | -74.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700% |
| Financial charges | 65/66B | €1,058 | €743 | -€315 | -29.8% |
| Recurring financial charges | 65 | €1,058 | €743 | -€315 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €42,651 | €10,311 | -€32,340 | -75.8% |
| Income taxes | 67/77 | €13,496 | €6,460 | -€7,036 | -52.1% |
| Profit (loss) for the period | 9904 | €29,155 | €3,851 | -€25,304 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,155 | €3,851 | -€25,304 | -86.8% |
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 18 October 2026 via checked.be.