KHSW Soft: 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.
KHSW Soft
Largest movements
- Tangible fixed assets -€25,751
down €25,751 (-21.1%), from €122,184 to €96,433
of which Furniture and vehicles: -€24,902
- Receivables within one year +€12,727
up €12,727 (+86.5%), from €14,718 to €27,444
of which Trade receivables: +€13,650
- Cash -€1,909
down €1,909 (-8.2%), from €23,138 to €21,229
mainly Current portion of long-term debt (-€26,872) and Receivables within one year (-€12,727)
- Current portion of long-term debt -€26,872
down €26,872 (-73.3%), from €36,644 to €9,772
- Reserves +€17,592
up €17,592 (+17.0%), from €103,319 to €120,911
- Debts after one year -€9,772
no longer reported in 2025 (was €9,772)
- Tax, wage and social debts +€5,497
up €5,497 (+302%), from €1,823 to €7,319
- Depreciation +€17,633
up €17,633 (+217%), from €8,118 to €25,751
- Gross operating margin +€9,502
up €9,502 (+20.5%), from €46,308 to €55,810
- Financial charges +€1,618
up €1,618 (+98.3%), from €1,647 to €3,265
- Taxes -€1,571
down €1,571 (-16.7%), from €9,410 to €7,839
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 | €164,425 | €148,870 | -€15,555 | -9.5% |
| Fixed assets | 21/28 | €122,444 | €96,693 | -€25,751 | -21.0% |
| Tangible fixed assets | 22/27 | €122,184 | €96,433 | -€25,751 | -21.1% |
| Plant, machinery and equipment | 23 | €632 | €246 | -€387 | -61.2% |
| Furniture and vehicles | 24 | €117,738 | €92,836 | -€24,902 | -21.2% |
| Other tangible fixed assets | 26 | €3,814 | €3,352 | -€463 | -12.1% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €41,980 | €52,177 | +€10,196 | +24.3% |
| Amounts receivable within one year | 40/41 | €14,718 | €27,444 | +€12,727 | +86.5% |
| Trade receivables | 40 | €13,795 | €27,444 | +€13,650 | +98.9% |
| Other amounts receivable | 41 | €923 | - | -€923 | |
| Current investments | 50/53 | €920 | €920 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,138 | €21,229 | -€1,909 | -8.2% |
| Deferred charges and accrued income | 490/1 | €3,206 | €2,584 | -€621 | -19.4% |
| Total equity and liabilities | 10/49 | €164,425 | €148,870 | -€15,555 | -9.5% |
| Equity | 10/15 | €108,319 | €125,911 | +€17,592 | +16.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,319 | €120,911 | +€17,592 | +17.0% |
| Distributable reserves | 133 | €103,319 | €120,911 | +€17,592 | +17.0% |
| Amounts payable | 17/49 | €56,106 | €22,959 | -€33,147 | -59.1% |
| Amounts payable after more than one year | 17 | €9,772 | - | -€9,772 | |
| Financial debts | 170/4 | €9,772 | - | -€9,772 | |
| Amounts payable within one year | 42/48 | €46,333 | €22,959 | -€23,374 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €36,644 | €9,772 | -€26,872 | -73.3% |
| Trade debts | 44 | €5,571 | €5,034 | -€537 | -9.6% |
| Suppliers | 440/4 | €5,571 | €5,034 | -€537 | -9.6% |
| Taxes, remuneration and social security | 45 | €1,823 | €7,319 | +€5,497 | +302% |
| Taxes | 450/3 | €1,823 | €7,319 | +€5,497 | +302% |
| Other amounts payable | 47/48 | €2,295 | €833 | -€1,462 | -63.7% |
| Non-recurring operating income | 76A | €12,489 | - | -€12,489 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,118 | €25,751 | +€17,633 | +217% |
| Other operating charges | 640/8 | €654 | €696 | +€42 | +6.4% |
| Gross operating margin | 9900 | €46,308 | €55,810 | +€9,502 | +20.5% |
| Operating profit (loss) | 9901 | €37,536 | €29,363 | -€8,173 | -21.8% |
| Financial income | 75/76B | €570 | €166 | -€404 | -70.9% |
| Recurring financial income | 75 | €570 | €166 | -€404 | -70.9% |
| Financial charges | 65/66B | €1,647 | €3,265 | +€1,618 | +98.3% |
| Recurring financial charges | 65 | €1,647 | €3,265 | +€1,618 | +98.3% |
| Profit (loss) for the period before taxes | 9903 | €36,459 | €26,263 | -€10,196 | -28.0% |
| Income taxes | 67/77 | €9,410 | €7,839 | -€1,571 | -16.7% |
| Profit (loss) for the period | 9904 | €27,049 | €18,425 | -€8,625 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,049 | €18,425 | -€8,625 | -31.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.