KHAZA GROUP: 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.
KHAZA GROUP
Largest movements
- Cash -€15,040
down €15,040 (-33.0%), from €45,513 to €30,473
mainly Receivables within one year (-€10,529) and Current portion of long-term debt (-€6,771)
- Receivables within one year +€10,529
up €10,529 (+1,734%), from €607 to €11,136
of which Trade receivables: +€10,510
- Tangible fixed assets -€8,907
down €8,907 (-45.7%), from €19,489 to €10,582
of which Furniture and vehicles: -€7,867
- Financial fixed assets +€4,155
new in 2025: €4,155
- Current portion of long-term debt -€6,771
no longer reported in 2025 (was €6,771)
- Profit (loss) carried forward +€2,825
up €2,825 (+15.1%), from €18,688 to €21,513
- Trade debts -€2,724
down €2,724 (-85.4%), from €3,190 to €466
- Other debts -€2,642
down €2,642 (-10.6%), from €24,920 to €22,277
- Gross operating margin -€11,873
down €11,873 (-43.7%), from €27,191 to €15,318
- Taxes -€1,471
down €1,471 (-34.8%), from €4,225 to €2,754
- Other operating charges -€743
down €743 (-63.3%), from €1,174 to €431
- Depreciation +€489
up €489 (+5.8%), from €8,418 to €8,907
- Financial charges -€359
down €359 (-47.2%), from €762 to €402
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 | €73,610 | €64,346 | -€9,264 | -12.6% |
| Fixed assets | 21/28 | €19,489 | €14,737 | -€4,752 | -24.4% |
| Tangible fixed assets | 22/27 | €19,489 | €10,582 | -€8,907 | -45.7% |
| Plant, machinery and equipment | 23 | €2,570 | €1,529 | -€1,040 | -40.5% |
| Furniture and vehicles | 24 | €16,919 | €9,052 | -€7,867 | -46.5% |
| Financial fixed assets | 28 | - | €4,155 | +€4,155 | |
| Current assets | 29/58 | €54,120 | €49,609 | -€4,511 | -8.3% |
| Amounts receivable within one year | 40/41 | €607 | €11,136 | +€10,529 | +1,734% |
| Trade receivables | 40 | €303 | €10,812 | +€10,510 | +3,474% |
| Other amounts receivable | 41 | €305 | €324 | +€20 | +6.4% |
| Current investments | 50/53 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,513 | €30,473 | -€15,040 | -33.0% |
| Total equity and liabilities | 10/49 | €73,610 | €64,346 | -€9,264 | -12.6% |
| Equity | 10/15 | €28,690 | €31,515 | +€2,825 | +9.8% |
| Contributions | 10/11 | €10,001 | €10,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,688 | €21,513 | +€2,825 | +15.1% |
| Amounts payable | 17/49 | €44,920 | €32,832 | -€12,088 | -26.9% |
| Amounts payable within one year | 42/48 | €44,920 | €32,832 | -€12,088 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €6,771 | - | -€6,771 | |
| Trade debts | 44 | €3,190 | €466 | -€2,724 | -85.4% |
| Suppliers | 440/4 | €3,190 | €466 | -€2,724 | -85.4% |
| Taxes, remuneration and social security | 45 | €10,040 | €10,088 | +€48 | +0.5% |
| Taxes | 450/3 | €9,204 | €10,088 | +€884 | +9.6% |
| Remuneration and social security | 454/9 | €836 | - | -€836 | |
| Other amounts payable | 47/48 | €24,920 | €22,277 | -€2,642 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,418 | €8,907 | +€489 | +5.8% |
| Other operating charges | 640/8 | €1,174 | €431 | -€743 | -63.3% |
| Gross operating margin | 9900 | €27,191 | €15,318 | -€11,873 | -43.7% |
| Operating profit (loss) | 9901 | €17,598 | €5,980 | -€11,619 | -66.0% |
| Financial income | 75/76B | €0 | €2 | +€2 | +1,750% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1,750% |
| Financial charges | 65/66B | €762 | €402 | -€359 | -47.2% |
| Recurring financial charges | 65 | €762 | €402 | -€359 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €16,837 | €5,579 | -€11,258 | -66.9% |
| Income taxes | 67/77 | €4,225 | €2,754 | -€1,471 | -34.8% |
| Profit (loss) for the period | 9904 | €12,612 | €2,825 | -€9,787 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,612 | €2,825 | -€9,787 | -77.6% |
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 26 October 2026 via checked.be.