Kheder: 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.
Kheder
Largest movements
- Receivables within one year +€119,542
up €119,542 (+98.0%), from €121,945 to €241,487
of which Trade receivables: +€120,858
- Cash -€37,580
down €37,580 (-70.1%), from €53,594 to €16,013
mainly Receivables within one year (-€119,542) and Debts after one year (-€18,701)
- Tangible fixed assets +€9,160
up €9,160 (+28.6%), from €32,063 to €41,223
of which Plant, machinery and equipment: +€15,267
- Trade debts +€49,473
up €49,473 (+186.4%), from €26,547 to €76,020
- Advances received +€40,000
new in 2024: €40,000
- Tax, wage and social debts +€19,803
up €19,803 (+123.4%), from €16,044 to €35,847
of which Taxes: +€14,502
- Debts after one year -€18,701
down €18,701 (-56.9%), from €32,863 to €14,162
- Profit (loss) carried forward +€17,463
up €17,463 (+15.8%), from €110,435 to €127,898
- Purchases and services +€261,062
up €261,062 (+20.9%), from €1.2m to €1.5m
- Turnover +€222,628
up €222,628 (+16.6%), from €1.3m to €1.6m
- Gross operating margin -€38,434
down €38,434 (-42.0%), from €91,574 to €53,141
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,003 | €306,624 | +€92,621 | +43.3% |
| Fixed assets | 21/28 | €32,063 | €41,223 | +€9,160 | +28.6% |
| Tangible fixed assets | 22/27 | €32,063 | €41,223 | +€9,160 | +28.6% |
| Plant, machinery and equipment | 23 | €3,052 | €18,320 | +€15,267 | +500.2% |
| Leasing and similar rights | 25 | €29,011 | €22,904 | -€6,108 | -21.1% |
| Current assets | 29/58 | €181,939 | €265,401 | +€83,462 | +45.9% |
| Stocks and contracts in progress | 3 | €6,400 | €7,900 | +€1,500 | +23.4% |
| Stocks | 30/36 | €6,400 | €7,900 | +€1,500 | +23.4% |
| Amounts receivable within one year | 40/41 | €121,945 | €241,487 | +€119,542 | +98.0% |
| Trade receivables | 40 | €120,629 | €241,487 | +€120,858 | +100.2% |
| Other amounts receivable | 41 | €1,316 | - | -€1,316 | |
| Cash at bank and in hand | 54/58 | €53,594 | €16,013 | -€37,580 | -70.1% |
| Total equity and liabilities | 10/49 | €214,003 | €306,624 | +€92,621 | +43.3% |
| Equity | 10/15 | €122,500 | €139,963 | +€17,463 | +14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,865 | €5,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,865 | €5,865 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,865 | €5,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,435 | €127,898 | +€17,463 | +15.8% |
| Amounts payable | 17/49 | €91,503 | €166,661 | +€75,159 | +82.1% |
| Amounts payable after more than one year | 17 | €32,863 | €14,162 | -€18,701 | -56.9% |
| Financial debts | 170/4 | €32,863 | €14,162 | -€18,701 | -56.9% |
| Amounts payable within one year | 42/48 | €58,640 | €152,499 | +€93,860 | +160.1% |
| Trade debts | 44 | €26,547 | €76,020 | +€49,473 | +186.4% |
| Suppliers | 440/4 | €26,547 | €76,020 | +€49,473 | +186.4% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €16,044 | €35,847 | +€19,803 | +123.4% |
| Taxes | 450/3 | €14,825 | €29,326 | +€14,502 | +97.8% |
| Remuneration and social security | 454/9 | €1,219 | €6,521 | +€5,302 | +434.9% |
| Other amounts payable | 47/48 | €16,049 | €632 | -€15,416 | -96.1% |
| Turnover | 70 | €1,340,785 | €1,563,413 | +€222,628 | +16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,249,210 | €1,510,272 | +€261,062 | +20.9% |
| Remuneration, social security and pensions | 62 | €36 | €10,424 | +€10,388 | +29017.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,874 | €7,822 | -€14,052 | -64.2% |
| Other operating charges | 640/8 | €8,584 | €6,666 | -€1,918 | -22.3% |
| Gross operating margin | 9900 | €91,574 | €53,141 | -€38,434 | -42.0% |
| Operating profit (loss) | 9901 | €61,081 | €28,228 | -€32,853 | -53.8% |
| Financial income | 75/76B | €667 | €991 | +€324 | +48.7% |
| Recurring financial income | 75 | €667 | €991 | +€324 | +48.7% |
| Financial charges | 65/66B | €6,670 | €5,936 | -€735 | -11.0% |
| Recurring financial charges | 65 | €6,670 | €5,936 | -€735 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €55,077 | €23,284 | -€31,793 | -57.7% |
| Income taxes | 67/77 | €13,769 | €5,821 | -€7,948 | -57.7% |
| Profit (loss) for the period | 9904 | €41,308 | €17,463 | -€23,845 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,308 | €17,463 | -€23,845 | -57.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.