KHURANA: 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.
KHURANA
Largest movements
- Receivables within one year +€172,199
up €172,199 (+158%), from €109,332 to €281,531
of which Trade receivables: +€126,861
- Cash +€46,798
up €46,798 (+104%), from €44,902 to €91,700
mainly Trade debts (+€122,272) and Net result for the year (+€75,978)
- Stocks and contracts -€5,250
down €5,250 (-10.8%), from €48,540 to €43,290
- Trade debts +€122,272
up €122,272 (+564%), from €21,689 to €143,961
- Reserves +€75,978
up €75,978 (+67.1%), from €113,244 to €189,223
of which Distributable reserves: +€75,978
- Tax, wage and social debts +€20,416
up €20,416 (+71.5%), from €28,545 to €48,961
of which Taxes: +€19,173
- Other operating charges -€10,201
down €10,201 (-47.1%), from €21,655 to €11,455
- Gross operating margin +€8,417
up €8,417 (+7.4%), from €113,717 to €122,134
- Staff costs +€8,252
new in 2025: €8,252
- Financial charges -€3,576
down €3,576 (-79.3%), from €4,508 to €932
- Depreciation -€1,739
down €1,739 (-35.7%), from €4,874 to €3,135
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 | €218,538 | €433,195 | +€214,656 | +98.2% |
| Fixed assets | 21/28 | €14,260 | €13,161 | -€1,099 | -7.7% |
| Tangible fixed assets | 22/27 | €6,329 | €5,043 | -€1,285 | -20.3% |
| Plant, machinery and equipment | 23 | €538 | €1,794 | +€1,256 | +233% |
| Furniture and vehicles | 24 | €5,790 | €3,249 | -€2,541 | -43.9% |
| Financial fixed assets | 28 | €7,931 | €8,118 | +€187 | +2.4% |
| Current assets | 29/58 | €204,278 | €420,033 | +€215,755 | +106% |
| Stocks and contracts in progress | 3 | €48,540 | €43,290 | -€5,250 | -10.8% |
| Stocks | 30/36 | €48,540 | €43,290 | -€5,250 | -10.8% |
| Amounts receivable within one year | 40/41 | €109,332 | €281,531 | +€172,199 | +158% |
| Trade receivables | 40 | - | €126,861 | +€126,861 | |
| Other amounts receivable | 41 | €109,332 | €154,671 | +€45,339 | +41.5% |
| Cash at bank and in hand | 54/58 | €44,902 | €91,700 | +€46,798 | +104% |
| Deferred charges and accrued income | 490/1 | €1,504 | €3,512 | +€2,008 | +133% |
| Total equity and liabilities | 10/49 | €218,538 | €433,195 | +€214,656 | +98.2% |
| Equity | 10/15 | €131,844 | €207,823 | +€75,978 | +57.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,244 | €189,223 | +€75,978 | +67.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,384 | €187,363 | +€75,978 | +68.2% |
| Amounts payable | 17/49 | €86,694 | €225,372 | +€138,678 | +160% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,694 | €195,372 | +€138,678 | +245% |
| Trade debts | 44 | €21,689 | €143,961 | +€122,272 | +564% |
| Suppliers | 440/4 | €21,689 | €143,961 | +€122,272 | +564% |
| Taxes, remuneration and social security | 45 | €28,545 | €48,961 | +€20,416 | +71.5% |
| Taxes | 450/3 | €28,545 | €47,718 | +€19,173 | +67.2% |
| Remuneration and social security | 454/9 | - | €1,243 | +€1,243 | |
| Other amounts payable | 47/48 | €6,460 | €2,450 | -€4,010 | -62.1% |
| Remuneration, social security and pensions | 62 | - | €8,252 | +€8,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,874 | €3,135 | -€1,739 | -35.7% |
| Other operating charges | 640/8 | €21,655 | €11,455 | -€10,201 | -47.1% |
| Gross operating margin | 9900 | €113,717 | €122,134 | +€8,417 | +7.4% |
| Operating profit (loss) | 9901 | €87,188 | €99,291 | +€12,104 | +13.9% |
| Financial income | 75/76B | €5 | €251 | +€246 | +4,814% |
| Recurring financial income | 75 | €5 | €251 | +€246 | +4,814% |
| Financial charges | 65/66B | €4,508 | €932 | -€3,576 | -79.3% |
| Recurring financial charges | 65 | €4,508 | €932 | -€3,576 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €82,685 | €98,610 | +€15,926 | +19.3% |
| Income taxes | 67/77 | €21,456 | €22,632 | +€1,176 | +5.5% |
| Profit (loss) for the period | 9904 | €61,229 | €75,978 | +€14,750 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,229 | €75,978 | +€14,750 | +24.1% |
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 13 October 2026 via checked.be.