KHARAK: what changed
Two fiscal 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.
KHARAK
Largest movements
- Cash -€6,961
down €6,961 (-34.4%), from €20,216 to €13,255
mainly Trade debts (-€11,543) and Debts after one year (-€7,441)
- Stocks and contracts +€6,508
up €6,508 (+41.9%), from €15,541 to €22,050
- Receivables within one year +€4,775
up €4,775 (+40.5%), from €11,795 to €16,570
of which Trade receivables: +€5,187
- Tangible fixed assets -€2,605
down €2,605 (-24.2%), from €10,764 to €8,160
of which Land and buildings: -€2,024
- Trade debts -€11,543
down €11,543 (-36.7%), from €31,445 to €19,902
- Profit (loss) carried forward +€10,950
up €10,950 (+11.6%), from -€94,283 to -€83,332
- Other debts +€8,151
new in 2025: €8,151
- Debts after one year -€7,441
down €7,441 (-9.5%), from €78,337 to €70,896
- Tax, wage and social debts +€1,021
up €1,021 (+6.4%), from €15,960 to €16,981
of which Taxes: +€962
- Gross operating margin +€63,418
up €63,418, from -€1,051 to €62,367
- Staff costs +€13,071
up €13,071 (+51.3%), from €25,473 to €38,544
- Other operating charges -€6,410
down €6,410 (-51.9%), from €12,344 to €5,935
- Financial income -€717
down €717 (-99.9%), from €718 to €1
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 | €58,572 | €60,290 | +€1,718 | +2.9% |
| Fixed assets | 21/28 | €11,020 | €8,416 | -€2,605 | -23.6% |
| Tangible fixed assets | 22/27 | €10,764 | €8,160 | -€2,605 | -24.2% |
| Land and buildings | 22 | €8,096 | €6,072 | -€2,024 | -25.0% |
| Plant, machinery and equipment | 23 | €2,669 | €2,088 | -€581 | -21.8% |
| Financial fixed assets | 28 | €256 | €256 | = | 0.0% |
| Current assets | 29/58 | €47,552 | €51,874 | +€4,322 | +9.1% |
| Stocks and contracts in progress | 3 | €15,541 | €22,050 | +€6,508 | +41.9% |
| Stocks | 30/36 | €15,541 | €22,050 | +€6,508 | +41.9% |
| Amounts receivable within one year | 40/41 | €11,795 | €16,570 | +€4,775 | +40.5% |
| Trade receivables | 40 | €10,406 | €15,593 | +€5,187 | +49.8% |
| Other amounts receivable | 41 | €1,389 | €977 | -€412 | -29.6% |
| Cash at bank and in hand | 54/58 | €20,216 | €13,255 | -€6,961 | -34.4% |
| Total equity and liabilities | 10/49 | €58,572 | €60,290 | +€1,718 | +2.9% |
| Equity | 10/15 | -€73,831 | -€62,880 | +€10,950 | +14.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,283 | -€83,332 | +€10,950 | +11.6% |
| Amounts payable | 17/49 | €132,403 | €123,170 | -€9,233 | -7.0% |
| Amounts payable after more than one year | 17 | €78,337 | €70,896 | -€7,441 | -9.5% |
| Financial debts | 170/4 | €78,337 | €70,896 | -€7,441 | -9.5% |
| Amounts payable within one year | 42/48 | €54,066 | €52,274 | -€1,792 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €6,661 | €7,241 | +€580 | +8.7% |
| Trade debts | 44 | €31,445 | €19,902 | -€11,543 | -36.7% |
| Suppliers | 440/4 | €31,445 | €19,902 | -€11,543 | -36.7% |
| Taxes, remuneration and social security | 45 | €15,960 | €16,981 | +€1,021 | +6.4% |
| Taxes | 450/3 | - | €962 | +€962 | |
| Remuneration and social security | 454/9 | €15,960 | €16,019 | +€58 | +0.4% |
| Other amounts payable | 47/48 | - | €8,151 | +€8,151 | |
| Remuneration, social security and pensions | 62 | €25,473 | €38,544 | +€13,071 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,259 | €2,605 | +€346 | +15.3% |
| Other operating charges | 640/8 | €12,344 | €5,935 | -€6,410 | -51.9% |
| Gross operating margin | 9900 | -€1,051 | €62,367 | +€63,418 | |
| Operating profit (loss) | 9901 | -€41,127 | €15,284 | +€56,411 | |
| Financial income | 75/76B | €718 | €1 | -€717 | -99.9% |
| Recurring financial income | 75 | €718 | €1 | -€717 | -99.9% |
| Financial charges | 65/66B | €4,031 | €4,335 | +€304 | +7.5% |
| Recurring financial charges | 65 | €4,031 | €4,335 | +€304 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€44,440 | €10,950 | +€55,390 | |
| Profit (loss) for the period | 9904 | -€44,440 | €10,950 | +€55,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,440 | €10,950 | +€55,390 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.