KHARRON: 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.
KHARRON
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Current investments +€75,000
new in 2025: €75,000
- Cash +€46,539
up €46,539 (+155.0%), from €30,029 to €76,568
mainly Investment in fixed assets (net) (+€98,022) and Net result for the year (+€68,320)
- Receivables within one year +€18,998
up €18,998 (+31.9%), from €59,647 to €78,645
of which Trade receivables: +€14,887
- Tangible fixed assets -€18,317
down €18,317 (-5.4%), from €341,688 to €323,371
of which Land and buildings: -€18,243
- Other debts +€38,189
up €38,189 (+12.1%), from €316,581 to €354,771
- Debts after one year -€20,396
down €20,396 (-13.7%), from €148,942 to €128,546
- Gross operating margin -€21,284
down €21,284 (-15.8%), from €134,912 to €113,628
- Taxes -€6,275
down €6,275 (-24.4%), from €25,694 to €19,419
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 | €531,365 | €553,585 | +€22,220 | +4.2% |
| Fixed assets | 21/28 | €441,688 | €323,371 | -€118,317 | -26.8% |
| Tangible fixed assets | 22/27 | €341,688 | €323,371 | -€18,317 | -5.4% |
| Land and buildings | 22 | €332,173 | €313,930 | -€18,243 | -5.5% |
| Furniture and vehicles | 24 | €1,720 | €1,314 | -€405 | -23.6% |
| Other tangible fixed assets | 26 | €7,796 | €8,127 | +€331 | +4.2% |
| Financial fixed assets | 28 | €100,000 | €0 | -€100,000 | -100.0% |
| Current assets | 29/58 | €89,677 | €230,214 | +€140,537 | +156.7% |
| Amounts receivable within one year | 40/41 | €59,647 | €78,645 | +€18,998 | +31.9% |
| Trade receivables | 40 | €56,824 | €71,711 | +€14,887 | +26.2% |
| Other amounts receivable | 41 | €2,823 | €6,934 | +€4,111 | +145.6% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €30,029 | €76,568 | +€46,539 | +155.0% |
| Total equity and liabilities | 10/49 | €531,365 | €553,585 | +€22,220 | +4.2% |
| Equity | 10/15 | €36,512 | €39,832 | +€3,320 | +9.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,438 | €28,438 | = | 0.0% |
| Distributable reserves | 133 | €28,438 | €28,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,074 | €6,395 | +€3,320 | +108.0% |
| Amounts payable | 17/49 | €494,853 | €513,753 | +€18,900 | +3.8% |
| Amounts payable after more than one year | 17 | €148,942 | €128,546 | -€20,396 | -13.7% |
| Financial debts | 170/4 | €148,942 | €128,546 | -€20,396 | -13.7% |
| Amounts payable within one year | 42/48 | €345,911 | €385,207 | +€39,295 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €20,029 | €20,213 | +€184 | +0.9% |
| Trade debts | 44 | €1,234 | €1,045 | -€190 | -15.4% |
| Suppliers | 440/4 | €1,234 | €1,045 | -€190 | -15.4% |
| Taxes, remuneration and social security | 45 | €8,066 | €9,178 | +€1,112 | +13.8% |
| Taxes | 450/3 | €8,066 | €9,178 | +€1,112 | +13.8% |
| Other amounts payable | 47/48 | €316,581 | €354,771 | +€38,189 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,829 | €20,295 | -€534 | -2.6% |
| Other operating charges | 640/8 | €4,910 | €5,562 | +€652 | +13.3% |
| Gross operating margin | 9900 | €134,912 | €113,628 | -€21,284 | -15.8% |
| Operating profit (loss) | 9901 | €109,173 | €87,771 | -€21,402 | -19.6% |
| Financial income | 75/76B | €3,207 | €3,001 | -€206 | -6.4% |
| Recurring financial income | 75 | €3,207 | €3,001 | -€206 | -6.4% |
| Financial charges | 65/66B | €3,612 | €3,032 | -€580 | -16.1% |
| Recurring financial charges | 65 | €3,612 | €3,032 | -€580 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €108,768 | €87,740 | -€21,028 | -19.3% |
| Income taxes | 67/77 | €25,694 | €19,419 | -€6,275 | -24.4% |
| Profit (loss) for the period | 9904 | €83,074 | €68,320 | -€14,754 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,074 | €68,320 | -€14,754 | -17.8% |
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 9 October 2026 via checked.be.