Konhef: 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.
Konhef
Largest movements
- Cash +€703,975
up €703,975 (+14.6%), from €4.8m to €5.5m
mainly Net result for the year (+€433,263) and Provisions (+€265,000)
- Tangible fixed assets -€91,588
down €91,588 (-12.4%), from €741,244 to €649,656
of which Furniture and vehicles: -€76,177
- Profit (loss) carried forward +€433,263
up €433,263 (+16.0%), from €2.7m to €3.1m
- Provisions +€265,000
new in 2025: €265,000
- Trade debts -€105,993
down €105,993 (-64.7%), from €163,728 to €57,736
- Tax, wage and social debts +€96,785
up €96,785 (+19.0%), from €508,552 to €605,337
of which Taxes: +€77,692
- Gross operating margin +€288,376
up €288,376 (+6.3%), from €4.5m to €4.8m
- Taxes +€71,573
up €71,573 (+33.2%), from €215,637 to €287,210
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 | €7,234,590 | €7,923,645 | +€689,055 | +9.5% |
| Fixed assets | 21/28 | €741,244 | €649,656 | -€91,588 | -12.4% |
| Tangible fixed assets | 22/27 | €741,244 | €649,656 | -€91,588 | -12.4% |
| Land and buildings | 22 | €509,636 | €494,225 | -€15,411 | -3.0% |
| Furniture and vehicles | 24 | €231,608 | €155,431 | -€76,177 | -32.9% |
| Current assets | 29/58 | €6,493,345 | €7,273,989 | +€780,643 | +12.0% |
| Amounts receivable within one year | 40/41 | €220,307 | €276,469 | +€56,162 | +25.5% |
| Trade receivables | 40 | €220,307 | €272,372 | +€52,065 | +23.6% |
| Other amounts receivable | 41 | €0 | €4,097 | +€4,097 | |
| Current investments | 50/53 | €1,449,612 | €1,470,119 | +€20,507 | +1.4% |
| Cash at bank and in hand | 54/58 | €4,823,427 | €5,527,401 | +€703,975 | +14.6% |
| Total equity and liabilities | 10/49 | €7,234,590 | €7,923,645 | +€689,055 | +9.5% |
| Equity | 10/15 | €6,562,310 | €6,995,573 | +€433,263 | +6.6% |
| Contributions | 10/11 | €438,840 | €438,840 | = | 0.0% |
| Capital | 10 | €438,840 | €438,840 | = | 0.0% |
| Reserves | 13 | €3,419,750 | €3,419,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,703,720 | €3,136,984 | +€433,263 | +16.0% |
| Provisions and deferred taxes | 16 | - | €265,000 | +€265,000 | |
| Provisions for liabilities and charges | 160/5 | - | €265,000 | +€265,000 | |
| Other liabilities and charges | 164/5 | - | €265,000 | +€265,000 | |
| Amounts payable | 17/49 | €672,280 | €663,072 | -€9,208 | -1.4% |
| Amounts payable within one year | 42/48 | €672,280 | €663,072 | -€9,208 | -1.4% |
| Trade debts | 44 | €163,728 | €57,736 | -€105,993 | -64.7% |
| Suppliers | 440/4 | €163,728 | €57,736 | -€105,993 | -64.7% |
| Taxes, remuneration and social security | 45 | €508,552 | €605,337 | +€96,785 | +19.0% |
| Taxes | 450/3 | €68,152 | €145,844 | +€77,692 | +114% |
| Remuneration and social security | 454/9 | €440,400 | €459,493 | +€19,093 | +4.3% |
| Non-recurring operating income | 76A | €4,132 | €0 | -€4,132 | -100% |
| Remuneration, social security and pensions | 62 | €3,785,100 | €3,772,032 | -€13,068 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,990 | €111,381 | +€6,391 | +6.1% |
| Other operating charges | 640/8 | €14,012 | €10,516 | -€3,496 | -24.9% |
| Gross operating margin | 9900 | €4,547,988 | €4,836,364 | +€288,376 | +6.3% |
| Operating profit (loss) | 9901 | €643,887 | €677,435 | +€33,548 | +5.2% |
| Financial income | 75/76B | €39,334 | €46,794 | +€7,460 | +19.0% |
| Recurring financial income | 75 | €39,334 | €46,794 | +€7,460 | +19.0% |
| Financial charges | 65/66B | €3,682 | €3,756 | +€74 | +2.0% |
| Recurring financial charges | 65 | €3,682 | €3,756 | +€74 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €679,539 | €720,473 | +€40,935 | +6.0% |
| Income taxes | 67/77 | €215,637 | €287,210 | +€71,573 | +33.2% |
| Profit (loss) for the period | 9904 | €463,902 | €433,263 | -€30,639 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €463,902 | €433,263 | -€30,639 | -6.6% |
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 17 October 2026 via checked.be.