KHK: 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.
KHK
Largest movements
- Cash -€32,823
down €32,823 (-46.1%), from €71,260 to €38,437
mainly Trade debts (-€35,962) and Receivables within one year (-€12,238)
- Receivables within one year +€12,238
up €12,238 (+11.2%), from €109,735 to €121,973
of which Trade receivables: +€8,632
- Tangible fixed assets +€2,277
up €2,277 (+29.3%), from €7,783 to €10,060
of which Furniture and vehicles: +€1,826
- Trade debts -€35,962
down €35,962 (-63.9%), from €56,317 to €20,355
- Other debts +€17,771
up €17,771 (+21.6%), from €82,410 to €100,181
- Tax, wage and social debts -€3,403
down €3,403 (-24.0%), from €14,187 to €10,784
- Profit (loss) carried forward +€3,083
up €3,083 (+10.8%), from €28,664 to €31,747
- Turnover -€60,903
down €60,903 (-13.2%), from €461,962 to €401,059
- Purchases and services -€39,828
down €39,828 (-9.3%), from €426,963 to €387,135
- Gross operating margin -€21,075
down €21,075 (-59.7%), from €35,299 to €14,224
- Taxes -€4,952
down €4,952 (-62.3%), from €7,955 to €3,003
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 | €188,778 | €170,470 | -€18,308 | -9.7% |
| Fixed assets | 21/28 | €7,783 | €10,060 | +€2,277 | +29.3% |
| Tangible fixed assets | 22/27 | €7,783 | €10,060 | +€2,277 | +29.3% |
| Plant, machinery and equipment | 23 | €4,943 | €4,712 | -€231 | -4.7% |
| Furniture and vehicles | 24 | €2,840 | €4,666 | +€1,826 | +64.3% |
| Other tangible fixed assets | 26 | - | €682 | +€682 | |
| Current assets | 29/58 | €180,995 | €160,410 | -€20,585 | -11.4% |
| Amounts receivable within one year | 40/41 | €109,735 | €121,973 | +€12,238 | +11.2% |
| Trade receivables | 40 | €104,584 | €113,216 | +€8,632 | +8.3% |
| Other amounts receivable | 41 | €5,151 | €8,757 | +€3,606 | +70.0% |
| Cash at bank and in hand | 54/58 | €71,260 | €38,437 | -€32,823 | -46.1% |
| Total equity and liabilities | 10/49 | €188,778 | €170,470 | -€18,308 | -9.7% |
| Equity | 10/15 | €35,864 | €38,947 | +€3,083 | +8.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,664 | €31,747 | +€3,083 | +10.8% |
| Amounts payable | 17/49 | €152,914 | €131,523 | -€21,391 | -14.0% |
| Amounts payable within one year | 42/48 | €152,914 | €131,320 | -€21,594 | -14.1% |
| Trade debts | 44 | €56,317 | €20,355 | -€35,962 | -63.9% |
| Suppliers | 440/4 | €56,317 | €20,355 | -€35,962 | -63.9% |
| Taxes, remuneration and social security | 45 | €14,187 | €10,784 | -€3,403 | -24.0% |
| Taxes | 450/3 | €14,187 | €10,784 | -€3,403 | -24.0% |
| Other amounts payable | 47/48 | €82,410 | €100,181 | +€17,771 | +21.6% |
| Accrued charges and deferred income | 492/3 | - | €203 | +€203 | |
| Turnover | 70 | €461,962 | €401,059 | -€60,903 | -13.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €426,963 | €387,135 | -€39,828 | -9.3% |
| Remuneration, social security and pensions | 62 | - | €1,568 | +€1,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,364 | €3,853 | -€511 | -11.7% |
| Other operating charges | 640/8 | €2,265 | €2,109 | -€156 | -6.9% |
| Non-recurring operating charges | 66A | €871 | €359 | -€512 | -58.8% |
| Gross operating margin | 9900 | €35,299 | €14,224 | -€21,075 | -59.7% |
| Operating profit (loss) | 9901 | €27,799 | €6,335 | -€21,464 | -77.2% |
| Financial income | 75/76B | €9 | €1 | -€8 | -88.9% |
| Recurring financial income | 75 | €9 | €1 | -€8 | -88.9% |
| Financial charges | 65/66B | €4,071 | €250 | -€3,821 | -93.9% |
| Recurring financial charges | 65 | €4,071 | €250 | -€3,821 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €23,737 | €6,086 | -€17,651 | -74.4% |
| Income taxes | 67/77 | €7,955 | €3,003 | -€4,952 | -62.3% |
| Profit (loss) for the period | 9904 | €15,782 | €3,083 | -€12,699 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,782 | €3,083 | -€12,699 | -80.5% |
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 6 October 2026 via checked.be.