KHYBER: what changed
Two fiscal 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.
KHYBER
Largest movements
- Tangible fixed assets +€30,113
up €30,113 (+285.6%), from €10,544 to €40,657
of which Furniture and vehicles: +€32,626
- Stocks and contracts +€25,662
up €25,662 (+116.2%), from €22,088 to €47,750
- Receivables within one year +€15,243
up €15,243 (+67.1%), from €22,732 to €37,975
of which Other amounts receivable: +€12,472
- Cash -€8,810
down €8,810 (-20.6%), from €42,678 to €33,868
mainly Investment in fixed assets (net) (-€43,790) and Stocks and contracts (-€25,662)
- Financial fixed assets +€5,850
up €5,850 (+70.3%), from €8,325 to €14,175
- Profit (loss) carried forward +€23,051
up €23,051 (+30.5%), from €75,589 to €98,640
- Debts after one year +€22,517
new in 2025: €22,517
- Tax, wage and social debts +€20,104
up €20,104 (+184.7%), from €10,882 to €30,986
of which Remuneration and social security: +€16,549
- Current portion of long-term debt +€11,748
new in 2025: €11,748
- Other debts -€6,848
no longer reported in 2025 (was €6,848)
- Gross operating margin +€26,629
up €26,629 (+25.8%), from €103,072 to €129,701
- Staff costs +€19,627
up €19,627 (+30.7%), from €63,832 to €83,459
- Taxes +€4,553
up €4,553 (+103.2%), from €4,412 to €8,965
- Write-downs +€4,168
new in 2025: €4,168
- Other operating charges +€2,677
up €2,677 (+360.0%), from €744 to €3,421
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.
Cash bridge derived
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 | €106,368 | €177,024 | +€70,656 | +66.4% |
| Fixed assets | 21/28 | €18,869 | €54,832 | +€35,963 | +190.6% |
| Tangible fixed assets | 22/27 | €10,544 | €40,657 | +€30,113 | +285.6% |
| Land and buildings | 22 | €608 | €304 | -€305 | -50.1% |
| Furniture and vehicles | 24 | €5,169 | €37,795 | +€32,626 | +631.2% |
| Other tangible fixed assets | 26 | €4,767 | €2,559 | -€2,208 | -46.3% |
| Financial fixed assets | 28 | €8,325 | €14,175 | +€5,850 | +70.3% |
| Current assets | 29/58 | €87,499 | €122,192 | +€34,693 | +39.6% |
| Stocks and contracts in progress | 3 | €22,088 | €47,750 | +€25,662 | +116.2% |
| Stocks | 30/36 | €22,088 | €47,750 | +€25,662 | +116.2% |
| Amounts receivable within one year | 40/41 | €22,732 | €37,975 | +€15,243 | +67.1% |
| Trade receivables | 40 | €14,762 | €17,533 | +€2,771 | +18.8% |
| Other amounts receivable | 41 | €7,970 | €20,442 | +€12,472 | +156.5% |
| Cash at bank and in hand | 54/58 | €42,678 | €33,868 | -€8,810 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €2,598 | +€2,598 | |
| Total equity and liabilities | 10/49 | €106,368 | €177,024 | +€70,656 | +66.4% |
| Equity | 10/15 | €76,253 | €99,305 | +€23,051 | +30.2% |
| Reserves | 13 | €665 | €665 | = | 0.0% |
| Non-distributable reserves | 130/1 | €665 | €665 | = | 0.0% |
| Other | 1319 | €665 | €665 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,589 | €98,640 | +€23,051 | +30.5% |
| Amounts payable | 17/49 | €30,115 | €77,719 | +€47,605 | +158.1% |
| Amounts payable after more than one year | 17 | - | €22,517 | +€22,517 | |
| Financial debts | 170/4 | - | €22,517 | +€22,517 | |
| Amounts payable within one year | 42/48 | €30,115 | €55,202 | +€25,087 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,748 | +€11,748 | |
| Trade debts | 44 | €12,384 | €12,467 | +€83 | +0.7% |
| Suppliers | 440/4 | €12,384 | €12,467 | +€83 | +0.7% |
| Taxes, remuneration and social security | 45 | €10,882 | €30,986 | +€20,104 | +184.7% |
| Taxes | 450/3 | - | €3,555 | +€3,555 | |
| Remuneration and social security | 454/9 | €10,882 | €27,431 | +€16,549 | +152.1% |
| Other amounts payable | 47/48 | €6,848 | - | -€6,848 | |
| Remuneration, social security and pensions | 62 | €63,832 | €83,459 | +€19,627 | +30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,094 | €7,827 | +€1,733 | +28.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,168 | +€4,168 | |
| Other operating charges | 640/8 | €744 | €3,421 | +€2,677 | +360.0% |
| Gross operating margin | 9900 | €103,072 | €129,701 | +€26,629 | +25.8% |
| Operating profit (loss) | 9901 | €32,402 | €30,826 | -€1,576 | -4.9% |
| Financial income | 75/76B | €365 | €1,399 | +€1,034 | +283.1% |
| Recurring financial income | 75 | €365 | €1,399 | +€1,034 | +283.1% |
| Financial charges | 65/66B | €142 | €209 | +€67 | +46.7% |
| Recurring financial charges | 65 | €142 | €209 | +€67 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €32,625 | €32,016 | -€609 | -1.9% |
| Income taxes | 67/77 | €4,412 | €8,965 | +€4,553 | +103.2% |
| Profit (loss) for the period | 9904 | €28,213 | €23,051 | -€5,162 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,213 | €23,051 | -€5,162 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.