KHOULS EXPRESS: 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.
KHOULS EXPRESS
Largest movements
- Cash -€25,229
down €25,229 (-86.9%), from €29,038 to €3,808
mainly Net result for the year (-€28,482) and Debts after one year (-€9,936)
- Tangible fixed assets -€13,205
down €13,205 (-25.9%), from €51,052 to €37,846
of which Leasing and similar rights: -€9,345
- Profit (loss) carried forward -€28,482
down €28,482 (-66.9%), from €42,543 to €14,060
- Debts after one year -€9,936
down €9,936 (-42.9%), from €23,186 to €13,250
- Tax, wage and social debts -€5,859
down €5,859 (-49.5%), from €11,843 to €5,984
of which Taxes: -€4,415
- Trade debts +€5,558
up €5,558 (+28.2%), from €19,691 to €25,249
- Gross operating margin -€51,039
down €51,039 (-87.9%), from €58,072 to €7,033
- Staff costs -€4,913
down €4,913 (-22.9%), from €21,487 to €16,574
- Taxes -€3,943
no longer reported in 2024 (was €3,943)
- Depreciation +€1,047
up €1,047 (+9.3%), from €11,232 to €12,278
- Other operating charges -€690
down €690 (-10.8%), from €6,378 to €5,688
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,860 | €73,145 | -€39,714 | -35.2% |
| Fixed assets | 21/28 | €52,552 | €39,346 | -€13,205 | -25.1% |
| Tangible fixed assets | 22/27 | €51,052 | €37,846 | -€13,205 | -25.9% |
| Furniture and vehicles | 24 | €12,031 | €8,171 | -€3,860 | -32.1% |
| Leasing and similar rights | 25 | €39,020 | €29,675 | -€9,345 | -24.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €60,308 | €33,799 | -€26,509 | -44.0% |
| Amounts receivable within one year | 40/41 | €29,019 | €28,191 | -€828 | -2.9% |
| Trade receivables | 40 | €29,019 | €28,191 | -€828 | -2.9% |
| Cash at bank and in hand | 54/58 | €29,038 | €3,808 | -€25,229 | -86.9% |
| Deferred charges and accrued income | 490/1 | €2,251 | €1,800 | -€451 | -20.0% |
| Total equity and liabilities | 10/49 | €112,860 | €73,145 | -€39,714 | -35.2% |
| Equity | 10/15 | €47,543 | €19,060 | -€28,482 | -59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,543 | €14,060 | -€28,482 | -66.9% |
| Amounts payable | 17/49 | €65,317 | €54,085 | -€11,232 | -17.2% |
| Amounts payable after more than one year | 17 | €23,186 | €13,250 | -€9,936 | -42.9% |
| Financial debts | 170/4 | €23,186 | €13,250 | -€9,936 | -42.9% |
| Amounts payable within one year | 42/48 | €42,131 | €40,835 | -€1,296 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €7,394 | €6,308 | -€1,086 | -14.7% |
| Trade debts | 44 | €19,691 | €25,249 | +€5,558 | +28.2% |
| Suppliers | 440/4 | €19,691 | €25,249 | +€5,558 | +28.2% |
| Taxes, remuneration and social security | 45 | €11,843 | €5,984 | -€5,859 | -49.5% |
| Taxes | 450/3 | €9,416 | €5,001 | -€4,415 | -46.9% |
| Remuneration and social security | 454/9 | €2,427 | €984 | -€1,443 | -59.5% |
| Other amounts payable | 47/48 | €3,203 | €3,293 | +€91 | +2.8% |
| Remuneration, social security and pensions | 62 | €21,487 | €16,574 | -€4,913 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,232 | €12,278 | +€1,047 | +9.3% |
| Other operating charges | 640/8 | €6,378 | €5,688 | -€690 | -10.8% |
| Non-recurring operating charges | 66A | - | €733 | +€733 | |
| Gross operating margin | 9900 | €58,072 | €7,033 | -€51,039 | -87.9% |
| Operating profit (loss) | 9901 | €18,975 | -€28,240 | -€47,216 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €512 | €242 | -€270 | -52.7% |
| Recurring financial charges | 65 | €512 | €242 | -€270 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €18,466 | -€28,482 | -€46,949 | |
| Income taxes | 67/77 | €3,943 | - | -€3,943 | |
| Profit (loss) for the period | 9904 | €14,524 | -€28,482 | -€43,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,524 | -€28,482 | -€43,006 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.