KHCS: 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.
KHCS
Largest movements
- Cash +€25,019
up €25,019 (+593.2%), from €4,218 to €29,236
mainly Depreciation (+€15,642) and Trade debts (+€13,389)
- Tangible fixed assets -€15,642
down €15,642 (-21.4%), from €73,220 to €57,578
of which Land and buildings: -€15,642
- Stocks and contracts -€9,404
down €9,404 (-59.0%), from €15,951 to €6,547
- Trade debts +€13,389
up €13,389 (+36.9%), from €36,295 to €49,684
- Debts after one year -€11,021
down €11,021 (-45.7%), from €24,100 to €13,078
- Tax, wage and social debts -€4,349
down €4,349 (-90.9%), from €4,784 to €434
- Other debts +€2,160
up €2,160 (+35.8%), from €6,037 to €8,197
- Taxes +€434
new in 2025: €434
- Gross operating margin +€284
up €284 (+1.4%), from €19,962 to €20,246
- Financial charges -€207
down €207 (-19.4%), from €1,067 to €860
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 | €127,145 | €127,861 | +€716 | +0.6% |
| Fixed assets | 21/28 | €73,710 | €58,068 | -€15,642 | -21.2% |
| Tangible fixed assets | 22/27 | €73,220 | €57,578 | -€15,642 | -21.4% |
| Land and buildings | 22 | €73,220 | €57,578 | -€15,642 | -21.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €53,435 | €69,793 | +€16,358 | +30.6% |
| Stocks and contracts in progress | 3 | €15,951 | €6,547 | -€9,404 | -59.0% |
| Stocks | 30/36 | €15,951 | €6,547 | -€9,404 | -59.0% |
| Amounts receivable within one year | 40/41 | €33,136 | €33,766 | +€630 | +1.9% |
| Trade receivables | 40 | €33,136 | €33,523 | +€387 | +1.2% |
| Other amounts receivable | 41 | - | €243 | +€243 | |
| Cash at bank and in hand | 54/58 | €4,218 | €29,236 | +€25,019 | +593.2% |
| Deferred charges and accrued income | 490/1 | €131 | €244 | +€113 | +86.5% |
| Total equity and liabilities | 10/49 | €127,145 | €127,861 | +€716 | +0.6% |
| Equity | 10/15 | €45,080 | €45,446 | +€367 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,027 | €24,394 | +€367 | +1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €22,167 | €22,534 | +€367 | +1.7% |
| Profit (loss) carried forward | 14 | €2,453 | €2,453 | = | 0.0% |
| Amounts payable | 17/49 | €82,065 | €82,415 | +€349 | +0.4% |
| Amounts payable after more than one year | 17 | €24,100 | €13,078 | -€11,021 | -45.7% |
| Financial debts | 170/4 | €24,100 | €13,078 | -€11,021 | -45.7% |
| Amounts payable within one year | 42/48 | €57,966 | €69,336 | +€11,370 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €10,850 | €11,021 | +€171 | +1.6% |
| Trade debts | 44 | €36,295 | €49,684 | +€13,389 | +36.9% |
| Suppliers | 440/4 | €36,295 | €49,684 | +€13,389 | +36.9% |
| Taxes, remuneration and social security | 45 | €4,784 | €434 | -€4,349 | -90.9% |
| Taxes | 450/3 | €4,784 | €434 | -€4,349 | -90.9% |
| Other amounts payable | 47/48 | €6,037 | €8,197 | +€2,160 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,642 | €15,642 | = | 0.0% |
| Other operating charges | 640/8 | €2,865 | €3,039 | +€174 | +6.1% |
| Gross operating margin | 9900 | €19,962 | €20,246 | +€284 | +1.4% |
| Operating profit (loss) | 9901 | €1,456 | €1,566 | +€110 | +7.6% |
| Financial income | 75/76B | €57 | €95 | +€38 | +67.2% |
| Recurring financial income | 75 | €57 | €95 | +€38 | +67.2% |
| Financial charges | 65/66B | €1,067 | €860 | -€207 | -19.4% |
| Recurring financial charges | 65 | €1,067 | €860 | -€207 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €446 | €801 | +€355 | +79.7% |
| Income taxes | 67/77 | - | €434 | +€434 | |
| Profit (loss) for the period | 9904 | €446 | €367 | -€79 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €446 | €367 | -€79 | -17.7% |
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 11 October 2026 via checked.be.