KHEIRON: 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.
KHEIRON
Largest movements
- Cash -€25,270
down €25,270 (-69.1%), from €36,560 to €11,290
mainly Other debts (-€40,000) and Receivables within one year (-€3,666)
- Tangible fixed assets -€4,908
down €4,908 (-83.2%), from €5,895 to €988
of which Plant, machinery and equipment: -€4,106
- Receivables within one year +€3,666
up €3,666 (+43.3%), from €8,466 to €12,133
- Other debts -€40,000
down €40,000 (-80.0%), from €50,009 to €10,009
- Profit (loss) carried forward +€15,030
up €15,030 (+28.2%), from -€53,325 to -€38,295
- Accrued charges and deferred income -€888
no longer reported in 2025 (was €888)
- Gross operating margin +€4,150
up €4,150 (+25.5%), from €16,278 to €20,428
- Staff costs -€795
down €795 (-69.5%), from €1,143 to €348
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 | €51,237 | €24,735 | -€26,502 | -51.7% |
| Fixed assets | 21/28 | €5,895 | €988 | -€4,908 | -83.2% |
| Tangible fixed assets | 22/27 | €5,895 | €988 | -€4,908 | -83.2% |
| Land and buildings | 22 | €1,577 | €775 | -€801 | -50.8% |
| Plant, machinery and equipment | 23 | €4,319 | €213 | -€4,106 | -95.1% |
| Current assets | 29/58 | €45,342 | €23,747 | -€21,594 | -47.6% |
| Amounts receivable within one year | 40/41 | €8,466 | €12,133 | +€3,666 | +43.3% |
| Trade receivables | 40 | €8,466 | €12,133 | +€3,666 | +43.3% |
| Cash at bank and in hand | 54/58 | €36,560 | €11,290 | -€25,270 | -69.1% |
| Deferred charges and accrued income | 490/1 | €316 | €324 | +€9 | +2.8% |
| Total equity and liabilities | 10/49 | €51,237 | €24,735 | -€26,502 | -51.7% |
| Equity | 10/15 | -€2,075 | €12,956 | +€15,030 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,250 | €1,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,325 | -€38,295 | +€15,030 | +28.2% |
| Amounts payable | 17/49 | €53,312 | €11,780 | -€41,532 | -77.9% |
| Amounts payable within one year | 42/48 | €52,424 | €11,780 | -€40,644 | -77.5% |
| Trade debts | 44 | €1,664 | €1,448 | -€217 | -13.0% |
| Suppliers | 440/4 | €1,664 | €1,448 | -€217 | -13.0% |
| Taxes, remuneration and social security | 45 | €751 | €324 | -€428 | -56.9% |
| Taxes | 450/3 | €451 | €24 | -€428 | -94.8% |
| Remuneration and social security | 454/9 | €300 | €300 | = | 0.0% |
| Other amounts payable | 47/48 | €50,009 | €10,009 | -€40,000 | -80.0% |
| Accrued charges and deferred income | 492/3 | €888 | - | -€888 | |
| Remuneration, social security and pensions | 62 | €1,143 | €348 | -€795 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,908 | €4,908 | +€0 | 0.0% |
| Gross operating margin | 9900 | €16,278 | €20,428 | +€4,150 | +25.5% |
| Operating profit (loss) | 9901 | €10,228 | €15,172 | +€4,944 | +48.3% |
| Financial charges | 65/66B | €84 | €142 | +€58 | +69.0% |
| Recurring financial charges | 65 | €84 | €142 | +€58 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €10,144 | €15,030 | +€4,886 | +48.2% |
| Profit (loss) for the period | 9904 | €10,144 | €15,030 | +€4,886 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,144 | €15,030 | +€4,886 | +48.2% |
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 23 October 2026 via checked.be.