KHL: 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.
KHL
Largest movements
- Cash -€1,961
down €1,961 (-73.0%), from €2,686 to €725
mainly Net result for the year (-€5,731) and Receivables within one year (-€1,136)
- Receivables within one year +€1,136
up €1,136 (+34.1%), from €3,334 to €4,470
- Other debts +€5,757
up €5,757 (+11.6%), from €49,702 to €55,459
- Profit (loss) carried forward -€5,731
down €5,731 (-8.8%), from -€65,497 to -€71,228
- Trade debts -€851
down €851 (-62.4%), from €1,364 to €513
- Gross operating margin -€36,452
down €36,452, from €31,179 to -€5,273
- Staff costs -€18,084
no longer reported in 2026 (was €18,084)
- Taxes -€3,631
new in 2026: -€3,631
- Other operating charges -€1,069
down €1,069 (-44.9%), from €2,379 to €1,310
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,020 | €5,195 | -€825 | -13.7% |
| Current assets | 29/58 | €6,020 | €5,195 | -€825 | -13.7% |
| Amounts receivable within one year | 40/41 | €3,334 | €4,470 | +€1,136 | +34.1% |
| Other amounts receivable | 41 | €3,334 | €4,470 | +€1,136 | +34.1% |
| Cash at bank and in hand | 54/58 | €2,686 | €725 | -€1,961 | -73.0% |
| Total equity and liabilities | 10/49 | €6,020 | €5,195 | -€825 | -13.7% |
| Equity | 10/15 | -€45,046 | -€50,777 | -€5,731 | -12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,497 | -€71,228 | -€5,731 | -8.8% |
| Amounts payable | 17/49 | €51,066 | €55,972 | +€4,906 | +9.6% |
| Amounts payable within one year | 42/48 | €51,066 | €55,972 | +€4,906 | +9.6% |
| Trade debts | 44 | €1,364 | €513 | -€851 | -62.4% |
| Suppliers | 440/4 | €1,364 | €513 | -€851 | -62.4% |
| Other amounts payable | 47/48 | €49,702 | €55,459 | +€5,757 | +11.6% |
| Non-recurring operating income | 76A | €36,716 | - | -€36,716 | |
| Remuneration, social security and pensions | 62 | €18,084 | - | -€18,084 | |
| Other operating charges | 640/8 | €2,379 | €1,310 | -€1,069 | -44.9% |
| Non-recurring operating charges | 66A | €7,017 | €2,504 | -€4,513 | -64.3% |
| Gross operating margin | 9900 | €31,179 | -€5,273 | -€36,452 | |
| Operating profit (loss) | 9901 | €3,699 | -€9,087 | -€12,786 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €276 | €274 | -€2 | -0.8% |
| Recurring financial charges | 65 | €201 | €203 | +€1 | +0.7% |
| Non-recurring financial charges | 66B | €75 | €72 | -€4 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €3,423 | -€9,362 | -€12,784 | |
| Income taxes | 67/77 | - | -€3,631 | -€3,631 | |
| Profit (loss) for the period | 9904 | €3,423 | -€5,731 | -€9,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,423 | -€5,731 | -€9,154 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.