Khazoum: 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.
Khazoum
Largest movements
- Receivables within one year +€9,464
up €9,464 (+167.9%), from €5,635 to €15,099
of which Other amounts receivable: +€9,777
- Cash -€3,620
down €3,620 (-59.2%), from €6,118 to €2,498
mainly Receivables within one year (-€9,464) and Tax, wage and social debts (-€3,105)
- Stocks and contracts -€1,291
down €1,291 (-5.0%), from €25,678 to €24,388
- Deferred charges and accrued income -€1,286
no longer reported in 2025 (was €1,286)
- Trade debts +€4,740
up €4,740 (+51.7%), from €9,169 to €13,909
- Tax, wage and social debts -€3,105
down €3,105 (-39.0%), from €7,956 to €4,851
of which Remuneration and social security: -€2,994
- Profit (loss) carried forward +€1,447
up €1,447 (+30.8%), from €4,703 to €6,150
- Financial charges -€2,839
down €2,839 (-84.6%), from €3,358 to €518
- Staff costs +€2,762
up €2,762 (+15.8%), from €17,531 to €20,293
- Gross operating margin -€1,763
down €1,763 (-7.0%), from €25,021 to €23,259
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 | €40,429 | €43,510 | +€3,081 | +7.6% |
| Fixed assets | 21/28 | €1,711 | €1,526 | -€185 | -10.8% |
| Tangible fixed assets | 22/27 | €1,686 | €1,501 | -€185 | -11.0% |
| Furniture and vehicles | 24 | €206 | €113 | -€93 | -45.0% |
| Other tangible fixed assets | 26 | €1,480 | €1,388 | -€93 | -6.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €38,717 | €41,984 | +€3,267 | +8.4% |
| Stocks and contracts in progress | 3 | €25,678 | €24,388 | -€1,291 | -5.0% |
| Stocks | 30/36 | €25,678 | €24,388 | -€1,291 | -5.0% |
| Amounts receivable within one year | 40/41 | €5,635 | €15,099 | +€9,464 | +167.9% |
| Trade receivables | 40 | €1,628 | €1,315 | -€313 | -19.2% |
| Other amounts receivable | 41 | €4,007 | €13,784 | +€9,777 | +244.0% |
| Cash at bank and in hand | 54/58 | €6,118 | €2,498 | -€3,620 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,286 | - | -€1,286 | |
| Total equity and liabilities | 10/49 | €40,429 | €43,510 | +€3,081 | +7.6% |
| Equity | 10/15 | €23,303 | €24,750 | +€1,447 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,703 | €6,150 | +€1,447 | +30.8% |
| Amounts payable | 17/49 | €17,126 | €18,760 | +€1,635 | +9.5% |
| Amounts payable within one year | 42/48 | €17,126 | €18,760 | +€1,635 | +9.5% |
| Trade debts | 44 | €9,169 | €13,909 | +€4,740 | +51.7% |
| Suppliers | 440/4 | €9,169 | €13,909 | +€4,740 | +51.7% |
| Taxes, remuneration and social security | 45 | €7,956 | €4,851 | -€3,105 | -39.0% |
| Taxes | 450/3 | €704 | €592 | -€112 | -15.9% |
| Remuneration and social security | 454/9 | €7,252 | €4,259 | -€2,994 | -41.3% |
| Remuneration, social security and pensions | 62 | €17,531 | €20,293 | +€2,762 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €185 | = | 0.0% |
| Other operating charges | 640/8 | €842 | €674 | -€168 | -19.9% |
| Gross operating margin | 9900 | €25,021 | €23,259 | -€1,763 | -7.0% |
| Operating profit (loss) | 9901 | €6,463 | €2,106 | -€4,357 | -67.4% |
| Financial charges | 65/66B | €3,358 | €518 | -€2,839 | -84.6% |
| Recurring financial charges | 65 | €3,358 | €518 | -€2,839 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €3,105 | €1,588 | -€1,517 | -48.9% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €2,965 | €1,447 | -€1,519 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,965 | €1,447 | -€1,519 | -51.2% |
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 8 October 2026 via checked.be.