KHN: 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.
KHN
Largest movements
- Receivables within one year -€9,910
down €9,910 (-90.4%), from €10,963 to €1,053
of which Other amounts receivable: -€7,980
- Cash +€4,090
up €4,090 (+913.9%), from €448 to €4,538
mainly Receivables within one year (+€9,910) and Other debts (+€1,151)
- Stocks and contracts +€2,000
up €2,000 (+51.3%), from €3,900 to €5,900
- Tangible fixed assets -€550
down €550 (-35.7%), from €1,542 to €992
- Deferred charges and accrued income +€320
up €320 (+79.1%), from €405 to €724
- Trade debts -€5,969
down €5,969 (-63.5%), from €9,400 to €3,431
- Other debts +€1,151
new in 2025: €1,151
- Reserves +€597
up €597 (+95.5%), from €626 to €1,223
- Gross operating margin +€1,319
up €1,319 (+79.9%), from €1,652 to €2,972
- Other operating charges +€827
up €827 (+125.9%), from €657 to €1,483
- Depreciation +€442
up €442 (+408.3%), from €108 to €550
- Financial charges +€127
up €127 (+303.2%), from €42 to €168
- Taxes -€40
down €40 (-18.2%), from €220 to €180
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 | €17,257 | €13,207 | -€4,050 | -23.5% |
| Fixed assets | 21/28 | €1,542 | €992 | -€550 | -35.7% |
| Tangible fixed assets | 22/27 | €1,542 | €992 | -€550 | -35.7% |
| Furniture and vehicles | 24 | €1,542 | €992 | -€550 | -35.7% |
| Current assets | 29/58 | €15,715 | €12,215 | -€3,500 | -22.3% |
| Stocks and contracts in progress | 3 | €3,900 | €5,900 | +€2,000 | +51.3% |
| Stocks | 30/36 | €3,900 | €5,900 | +€2,000 | +51.3% |
| Amounts receivable within one year | 40/41 | €10,963 | €1,053 | -€9,910 | -90.4% |
| Trade receivables | 40 | €1,930 | - | -€1,930 | |
| Other amounts receivable | 41 | €9,033 | €1,053 | -€7,980 | -88.3% |
| Cash at bank and in hand | 54/58 | €448 | €4,538 | +€4,090 | +913.9% |
| Deferred charges and accrued income | 490/1 | €405 | €724 | +€320 | +79.1% |
| Total equity and liabilities | 10/49 | €17,257 | €13,207 | -€4,050 | -23.5% |
| Equity | 10/15 | €7,626 | €8,223 | +€597 | +7.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €626 | €1,223 | +€597 | +95.5% |
| Distributable reserves | 133 | €626 | €1,223 | +€597 | +95.5% |
| Amounts payable | 17/49 | €9,631 | €4,983 | -€4,647 | -48.3% |
| Amounts payable within one year | 42/48 | €9,631 | €4,983 | -€4,647 | -48.3% |
| Trade debts | 44 | €9,400 | €3,431 | -€5,969 | -63.5% |
| Suppliers | 440/4 | €9,400 | €3,431 | -€5,969 | -63.5% |
| Taxes, remuneration and social security | 45 | €231 | €401 | +€170 | +73.5% |
| Taxes | 450/3 | €231 | €401 | +€170 | +73.5% |
| Other amounts payable | 47/48 | - | €1,151 | +€1,151 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €550 | +€442 | +408.3% |
| Other operating charges | 640/8 | €657 | €1,483 | +€827 | +125.9% |
| Gross operating margin | 9900 | €1,652 | €2,972 | +€1,319 | +79.9% |
| Operating profit (loss) | 9901 | €887 | €938 | +€51 | +5.7% |
| Financial income | 75/76B | €1 | €8 | +€7 | +916.9% |
| Recurring financial income | 75 | €1 | €8 | +€7 | +916.9% |
| Financial charges | 65/66B | €42 | €168 | +€127 | +303.2% |
| Recurring financial charges | 65 | €42 | €168 | +€127 | +303.2% |
| Profit (loss) for the period before taxes | 9903 | €846 | €778 | -€69 | -8.1% |
| Income taxes | 67/77 | €220 | €180 | -€40 | -18.2% |
| Profit (loss) for the period | 9904 | €626 | €597 | -€28 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €626 | €597 | -€28 | -4.5% |
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 3 October 2026 via checked.be.