Khéos: 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.
Khéos
Largest movements
- Cash -€8,544
down €8,544 (-32.5%), from €26,308 to €17,764
mainly Contributions, distributions and other (-€16,471) and Receivables within one year (-€5,586)
- Receivables within one year +€5,586
up €5,586 (+5574.4%), from €100 to €5,686
of which Other amounts receivable: +€4,464
- Deferred charges and accrued income -€3,684
no longer reported in 2025 (was €3,684)
- Tangible fixed assets -€1,269
down €1,269 (-69.9%), from €1,816 to €547
of which Other tangible fixed assets: -€924
- Profit (loss) carried forward -€8,930
down €8,930 (-55.8%), from €16,004 to €7,074
- Tax, wage and social debts +€1,438
up €1,438 (+16.1%), from €8,922 to €10,360
of which Taxes: +€1,278
- Trade debts -€419
down €419 (-14.0%), from €2,982 to €2,563
- Gross operating margin -€21,570
down €21,570 (-43.2%), from €49,948 to €28,378
- Other operating charges +€13,342
up €13,342 (+2283.3%), from €584 to €13,927
- Taxes -€7,016
down €7,016 (-67.1%), from €10,463 to €3,447
- Depreciation -€549
down €549 (-30.2%), from €1,818 to €1,269
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 | €31,908 | €23,997 | -€7,911 | -24.8% |
| Fixed assets | 21/28 | €1,816 | €547 | -€1,269 | -69.9% |
| Tangible fixed assets | 22/27 | €1,816 | €547 | -€1,269 | -69.9% |
| Furniture and vehicles | 24 | €517 | €172 | -€345 | -66.7% |
| Other tangible fixed assets | 26 | €1,299 | €375 | -€924 | -71.1% |
| Current assets | 29/58 | €30,092 | €23,450 | -€6,642 | -22.1% |
| Amounts receivable within one year | 40/41 | €100 | €5,686 | +€5,586 | +5574.4% |
| Trade receivables | 40 | - | €1,122 | +€1,122 | |
| Other amounts receivable | 41 | €100 | €4,564 | +€4,464 | +4454.6% |
| Cash at bank and in hand | 54/58 | €26,308 | €17,764 | -€8,544 | -32.5% |
| Deferred charges and accrued income | 490/1 | €3,684 | - | -€3,684 | |
| Total equity and liabilities | 10/49 | €31,908 | €23,997 | -€7,911 | -24.8% |
| Equity | 10/15 | €20,004 | €11,074 | -€8,930 | -44.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,004 | €7,074 | -€8,930 | -55.8% |
| Amounts payable | 17/49 | €11,904 | €12,923 | +€1,019 | +8.6% |
| Amounts payable within one year | 42/48 | €11,904 | €12,923 | +€1,019 | +8.6% |
| Trade debts | 44 | €2,982 | €2,563 | -€419 | -14.0% |
| Suppliers | 440/4 | €2,982 | €2,563 | -€419 | -14.0% |
| Taxes, remuneration and social security | 45 | €8,922 | €10,360 | +€1,438 | +16.1% |
| Taxes | 450/3 | €8,282 | €9,560 | +€1,278 | +15.4% |
| Remuneration and social security | 454/9 | €640 | €800 | +€160 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,818 | €1,269 | -€549 | -30.2% |
| Other operating charges | 640/8 | €584 | €13,927 | +€13,342 | +2283.3% |
| Gross operating margin | 9900 | €49,948 | €28,378 | -€21,570 | -43.2% |
| Operating profit (loss) | 9901 | €47,546 | €13,183 | -€34,363 | -72.3% |
| Financial charges | 65/66B | €2,427 | €2,196 | -€231 | -9.5% |
| Recurring financial charges | 65 | €2,427 | €2,196 | -€231 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €45,119 | €10,987 | -€34,133 | -75.6% |
| Income taxes | 67/77 | €10,463 | €3,447 | -€7,016 | -67.1% |
| Profit (loss) for the period | 9904 | €34,657 | €7,540 | -€27,117 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,657 | €7,540 | -€27,117 | -78.2% |
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 4 October 2026 via checked.be.