KHOURY & CO: 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.
KHOURY & CO
Largest movements
- Receivables within one year -€118,843
down €118,843 (-80.7%), from €147,355 to €28,512
of which Trade receivables: -€120,479
- Other debts -€124,170
down €124,170 (-100%), from €124,170 to €0
- Profit (loss) carried forward +€22,471
up €22,471 (+7,230%), from €311 to €22,782
- Tax, wage and social debts -€15,627
down €15,627 (-46.2%), from €33,807 to €18,180
of which Remuneration and social security: -€17,955
- Trade debts -€4,371
down €4,371 (-60.6%), from €7,217 to €2,845
- Gross operating margin +€14,617
up €14,617 (+29.1%), from €50,233 to €64,850
- Staff costs -€13,160
down €13,160 (-35.0%), from €37,577 to €24,417
- Taxes +€8,878
up €8,878 (+2,371%), from €374 to €9,252
- Depreciation -€1,737
down €1,737 (-37.6%), from €4,616 to €2,879
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 | €185,705 | €63,207 | -€122,497 | -66.0% |
| Fixed assets | 21/28 | €4,107 | €2,558 | -€1,549 | -37.7% |
| Tangible fixed assets | 22/27 | €2,607 | €1,058 | -€1,549 | -59.4% |
| Plant, machinery and equipment | 23 | - | €1,058 | +€1,058 | |
| Furniture and vehicles | 24 | €2,607 | €0 | -€2,607 | -100% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €181,598 | €60,649 | -€120,948 | -66.6% |
| Stocks and contracts in progress | 3 | €24,122 | €22,733 | -€1,388 | -5.8% |
| Stocks | 30/36 | €24,122 | €22,733 | -€1,388 | -5.8% |
| Amounts receivable within one year | 40/41 | €147,355 | €28,512 | -€118,843 | -80.7% |
| Trade receivables | 40 | €147,355 | €26,875 | -€120,479 | -81.8% |
| Other amounts receivable | 41 | - | €1,637 | +€1,637 | |
| Cash at bank and in hand | 54/58 | €9,569 | €8,951 | -€618 | -6.5% |
| Deferred charges and accrued income | 490/1 | €552 | €453 | -€99 | -17.9% |
| Total equity and liabilities | 10/49 | €185,705 | €63,207 | -€122,497 | -66.0% |
| Equity | 10/15 | €18,911 | €41,382 | +€22,471 | +119% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311 | €22,782 | +€22,471 | +7,230% |
| Amounts payable | 17/49 | €166,794 | €21,826 | -€144,968 | -86.9% |
| Amounts payable within one year | 42/48 | €165,194 | €21,026 | -€144,168 | -87.3% |
| Trade debts | 44 | €7,217 | €2,845 | -€4,371 | -60.6% |
| Suppliers | 440/4 | €7,217 | €2,845 | -€4,371 | -60.6% |
| Taxes, remuneration and social security | 45 | €33,807 | €18,180 | -€15,627 | -46.2% |
| Taxes | 450/3 | €6,924 | €9,252 | +€2,328 | +33.6% |
| Remuneration and social security | 454/9 | €26,883 | €8,928 | -€17,955 | -66.8% |
| Other amounts payable | 47/48 | €124,170 | €0 | -€124,170 | -100% |
| Accrued charges and deferred income | 492/3 | €1,600 | €800 | -€800 | -50.0% |
| Remuneration, social security and pensions | 62 | €37,577 | €24,417 | -€13,160 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,616 | €2,879 | -€1,737 | -37.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,814 | €2,342 | +€528 | +29.1% |
| Non-recurring operating charges | 66A | - | €2,771 | +€2,771 | |
| Gross operating margin | 9900 | €50,233 | €64,850 | +€14,617 | +29.1% |
| Operating profit (loss) | 9901 | €6,226 | €32,441 | +€26,215 | +421% |
| Financial income | 75/76B | €0 | €56 | +€56 | +557,300% |
| Recurring financial income | 75 | €0 | €56 | +€56 | +557,300% |
| Financial charges | 65/66B | €842 | €774 | -€68 | -8.1% |
| Recurring financial charges | 65 | €842 | €774 | -€68 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €5,384 | €31,723 | +€26,339 | +489% |
| Income taxes | 67/77 | €374 | €9,252 | +€8,878 | +2,371% |
| Profit (loss) for the period | 9904 | €5,010 | €22,471 | +€17,461 | +349% |
| Profit (loss) for the period to be appropriated | 9905 | €5,010 | €22,471 | +€17,461 | +349% |
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 22 October 2026 via checked.be.