KHOBALT: 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.
KHOBALT
Largest movements
- Cash +€240,312
up €240,312 (+538.1%), from €44,661 to €284,972
mainly Receivables within one year (+€161,933) and Net result for the year (+€146,124)
- Receivables within one year -€161,933
down €161,933 (-19.1%), from €848,228 to €686,295
of which Trade receivables: -€153,486
- Tangible fixed assets -€81,062
down €81,062 (-27.7%), from €292,651 to €211,590
of which Furniture and vehicles: -€76,473
- Deferred charges and accrued income +€12,000
up €12,000 (+273.3%), from €4,391 to €16,391
- Other debts +€100,047
up €100,047 (+196.9%), from €50,815 to €150,862
- Trade debts -€91,189
down €91,189 (-28.6%), from €318,673 to €227,484
- Tax, wage and social debts +€50,375
up €50,375 (+22.2%), from €227,262 to €277,637
of which Taxes: +€45,970
- Debts after one year -€50,150
down €50,150 (-21.2%), from €236,207 to €186,057
- Profit (loss) carried forward +€46,124
up €46,124 (+36.0%), from €128,143 to €174,267
- Turnover +€773,304
up €773,304 (+31.3%), from €2.5m to €3.2m
- Gross operating margin +€754,178
up €754,178 (+53.3%), from €1.4m to €2.2m
- Staff costs +€371,131
up €371,131 (+26.6%), from €1.4m to €1.8m
- Write-downs +€82,189
new in 2025: €82,189
- Taxes +€40,201
up €40,201 (+8071.4%), from €498 to €40,699
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 | €1,189,931 | €1,199,248 | +€9,317 | +0.8% |
| Fixed assets | 21/28 | €292,651 | €211,590 | -€81,062 | -27.7% |
| Tangible fixed assets | 22/27 | €292,651 | €211,590 | -€81,062 | -27.7% |
| Land and buildings | 22 | €55,713 | €44,934 | -€10,780 | -19.3% |
| Furniture and vehicles | 24 | €211,465 | €134,992 | -€76,473 | -36.2% |
| Leasing and similar rights | 25 | €25,473 | €31,664 | +€6,191 | +24.3% |
| Current assets | 29/58 | €897,279 | €987,658 | +€90,379 | +10.1% |
| Amounts receivable within one year | 40/41 | €848,228 | €686,295 | -€161,933 | -19.1% |
| Trade receivables | 40 | €831,236 | €677,750 | -€153,486 | -18.5% |
| Other amounts receivable | 41 | €16,992 | €8,545 | -€8,447 | -49.7% |
| Cash at bank and in hand | 54/58 | €44,661 | €284,972 | +€240,312 | +538.1% |
| Deferred charges and accrued income | 490/1 | €4,391 | €16,391 | +€12,000 | +273.3% |
| Total equity and liabilities | 10/49 | €1,189,931 | €1,199,248 | +€9,317 | +0.8% |
| Equity | 10/15 | €261,399 | €298,453 | +€37,054 | +14.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,143 | €174,267 | +€46,124 | +36.0% |
| Investment grants | 15 | €23,256 | €14,186 | -€9,070 | -39.0% |
| Provisions and deferred taxes | 16 | €7,752 | €4,729 | -€3,023 | -39.0% |
| Deferred taxes | 168 | €7,752 | €4,729 | -€3,023 | -39.0% |
| Amounts payable | 17/49 | €920,779 | €896,066 | -€24,713 | -2.7% |
| Amounts payable after more than one year | 17 | €236,207 | €186,057 | -€50,150 | -21.2% |
| Financial debts | 170/4 | €236,207 | €186,057 | -€50,150 | -21.2% |
| Amounts payable within one year | 42/48 | €684,572 | €710,009 | +€25,437 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €87,822 | €54,026 | -€33,796 | -38.5% |
| Trade debts | 44 | €318,673 | €227,484 | -€91,189 | -28.6% |
| Suppliers | 440/4 | €318,673 | €227,484 | -€91,189 | -28.6% |
| Taxes, remuneration and social security | 45 | €227,262 | €277,637 | +€50,375 | +22.2% |
| Taxes | 450/3 | €17,282 | €63,253 | +€45,970 | +266.0% |
| Remuneration and social security | 454/9 | €209,980 | €214,384 | +€4,404 | +2.1% |
| Other amounts payable | 47/48 | €50,815 | €150,862 | +€100,047 | +196.9% |
| Turnover | 70 | €2,467,934 | €3,241,238 | +€773,304 | +31.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,136,447 | €1,170,189 | +€33,742 | +3.0% |
| Remuneration, social security and pensions | 62 | €1,392,750 | €1,763,881 | +€371,131 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,158 | €114,388 | -€2,770 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €82,189 | +€82,189 | |
| Other operating charges | 640/8 | €268 | €3,534 | +€3,266 | +1217.1% |
| Gross operating margin | 9900 | €1,414,939 | €2,169,118 | +€754,178 | +53.3% |
| Operating profit (loss) | 9901 | -€95,236 | €205,126 | +€300,362 | |
| Financial income | 75/76B | €22,370 | €9,252 | -€13,118 | -58.6% |
| Recurring financial income | 75 | €22,370 | €9,252 | -€13,118 | -58.6% |
| Financial charges | 65/66B | €13,727 | €30,578 | +€16,851 | +122.8% |
| Recurring financial charges | 65 | €13,727 | €30,578 | +€16,851 | +122.8% |
| Profit (loss) for the period before taxes | 9903 | -€86,593 | €183,800 | +€270,393 | |
| Transfer from deferred taxes | 780 | €3,216 | €3,023 | -€192 | -6.0% |
| Income taxes | 67/77 | €498 | €40,699 | +€40,201 | +8071.4% |
| Profit (loss) for the period | 9904 | -€83,875 | €146,124 | +€230,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,875 | €146,124 | +€230,000 |
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.