KHÔI LÊ: what changed
Two financial 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.
KHÔI LÊ
Largest movements
- Receivables within one year +€89,490
up €89,490 (+422%), from €21,230 to €110,720
of which Other amounts receivable: +€58,150
- Cash +€4,601
up €4,601 (+55.8%), from €8,251 to €12,853
mainly Net result for the year (+€96,994) and Other debts (+€58,024)
- Tangible fixed assets -€3,608
down €3,608 (-12.6%), from €28,631 to €25,023
of which Furniture and vehicles: -€2,829
- Other debts +€58,024
up €58,024 (+342%), from €16,976 to €75,000
- Tax, wage and social debts +€21,664
up €21,664 (+485%), from €4,466 to €26,130
of which Taxes: +€26,053
- Trade debts +€7,399
up €7,399 (+186%), from €3,970 to €11,370
- Profit (loss) carried forward +€3,610
up €3,610 (+19.6%), from €18,384 to €21,994
- Gross operating margin +€90,716
up €90,716 (+173%), from €52,303 to €143,019
- Taxes +€27,311
up €27,311 (+310%), from €8,805 to €36,115
- Depreciation -€5,682
down €5,682 (-54.2%), from €10,489 to €4,807
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.
Derived cash bridge
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 | €62,503 | €153,135 | +€90,632 | +145% |
| Fixed assets | 21/28 | €28,727 | €25,118 | -€3,608 | -12.6% |
| Tangible fixed assets | 22/27 | €28,631 | €25,023 | -€3,608 | -12.6% |
| Plant, machinery and equipment | 23 | €2,687 | €1,908 | -€779 | -29.0% |
| Furniture and vehicles | 24 | €25,944 | €23,115 | -€2,829 | -10.9% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €33,776 | €128,017 | +€94,241 | +279% |
| Amounts receivable within one year | 40/41 | €21,230 | €110,720 | +€89,490 | +422% |
| Trade receivables | 40 | €8,674 | €40,014 | +€31,340 | +361% |
| Other amounts receivable | 41 | €12,556 | €70,706 | +€58,150 | +463% |
| Cash at bank and in hand | 54/58 | €8,251 | €12,853 | +€4,601 | +55.8% |
| Deferred charges and accrued income | 490/1 | €4,295 | €4,444 | +€149 | +3.5% |
| Total equity and liabilities | 10/49 | €62,503 | €153,135 | +€90,632 | +145% |
| Equity | 10/15 | €36,984 | €40,594 | +€3,610 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €18,384 | €21,994 | +€3,610 | +19.6% |
| Amounts payable | 17/49 | €25,519 | €112,541 | +€87,022 | +341% |
| Amounts payable within one year | 42/48 | €25,519 | €112,541 | +€87,022 | +341% |
| Financial debts | 43 | €107 | €42 | -€65 | -61.2% |
| Credit institutions | 430/8 | €107 | €42 | -€65 | -61.2% |
| Trade debts | 44 | €3,970 | €11,370 | +€7,399 | +186% |
| Suppliers | 440/4 | €3,970 | €11,370 | +€7,399 | +186% |
| Taxes, remuneration and social security | 45 | €4,466 | €26,130 | +€21,664 | +485% |
| Taxes | 450/3 | €77 | €26,130 | +€26,053 | +33,621% |
| Remuneration and social security | 454/9 | €4,388 | - | -€4,388 | |
| Other amounts payable | 47/48 | €16,976 | €75,000 | +€58,024 | +342% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,489 | €4,807 | -€5,682 | -54.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €52,303 | €143,019 | +€90,716 | +173% |
| Operating profit (loss) | 9901 | €41,427 | €137,812 | +€96,385 | +233% |
| Financial income | 75/76B | - | €458 | +€458 | |
| Recurring financial income | 75 | - | €458 | +€458 | |
| Financial charges | 65/66B | €4,239 | €5,160 | +€922 | +21.7% |
| Recurring financial charges | 65 | €4,239 | €5,160 | +€922 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €37,188 | €133,109 | +€95,921 | +258% |
| Income taxes | 67/77 | €8,805 | €36,115 | +€27,311 | +310% |
| Profit (loss) for the period | 9904 | €28,384 | €96,994 | +€68,610 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €28,384 | €96,994 | +€68,610 | +242% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.