KHAZANA: 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.
KHAZANA
Largest movements
- Cash -€10,063
down €10,063 (-12.3%), from €81,770 to €71,707
mainly Tax, wage and social debts (-€6,796) and Net result for the year (-€4,526)
- Tax, wage and social debts -€6,796
no longer reported in 2025 (was €6,796)
- Profit (loss) carried forward -€4,526
new in 2025: -€4,526
- Gross operating margin -€67,835
down €67,835, from €65,445 to -€2,391
- Taxes -€6,796
down €6,796 (-100.0%), from €6,796 to €0
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 | €337,708 | €327,645 | -€10,063 | -3.0% |
| Current assets | 29/58 | €337,708 | €327,645 | -€10,063 | -3.0% |
| Stocks and contracts in progress | 3 | €255,938 | €255,938 | = | 0.0% |
| Stocks | 30/36 | €255,938 | €255,938 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €81,770 | €71,707 | -€10,063 | -12.3% |
| Total equity and liabilities | 10/49 | €337,708 | €327,645 | -€10,063 | -3.0% |
| Equity | 10/15 | €71,738 | €67,212 | -€4,526 | -6.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €53,146 | €53,146 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €51,286 | €51,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,526 | -€4,526 | |
| Amounts payable | 17/49 | €265,970 | €260,433 | -€5,537 | -2.1% |
| Amounts payable after more than one year | 17 | €232,415 | €233,735 | +€1,320 | +0.6% |
| Financial debts | 170/4 | €232,415 | €233,735 | +€1,320 | +0.6% |
| Amounts payable within one year | 42/48 | €32,526 | €25,782 | -€6,744 | -20.7% |
| Taxes, remuneration and social security | 45 | €6,796 | - | -€6,796 | |
| Taxes | 450/3 | €6,796 | - | -€6,796 | |
| Other amounts payable | 47/48 | €25,730 | €25,782 | +€52 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,029 | €916 | -€113 | -11.0% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €65,445 | -€2,391 | -€67,835 | |
| Operating profit (loss) | 9901 | €64,920 | -€2,922 | -€67,842 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +9.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +9.5% |
| Financial charges | 65/66B | €1,838 | €1,604 | -€234 | -12.7% |
| Recurring financial charges | 65 | €1,838 | €1,604 | -€234 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €63,082 | -€4,526 | -€67,608 | |
| Income taxes | 67/77 | €6,796 | €0 | -€6,796 | -100.0% |
| Profit (loss) for the period | 9904 | €56,286 | -€4,526 | -€60,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,286 | -€4,526 | -€60,812 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.