4KNT: 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.
4KNT
Largest movements
- Tangible fixed assets -€19,600
down €19,600 (-45.5%), from €43,051 to €23,451
- Cash -€3,971
down €3,971 (-24.0%), from €16,555 to €12,584
mainly Trade debts (-€14,392) and Debts after one year (-€9,902)
- Stocks and contracts -€1,296
down €1,296 (-3.2%), from €40,201 to €38,905
- Trade debts -€14,392
down €14,392 (-46.9%), from €30,692 to €16,300
- Debts after one year -€9,902
down €9,902 (-59.2%), from €16,721 to €6,819
- Current portion of long-term debt -€6,282
down €6,282 (-38.8%), from €16,184 to €9,902
- Other debts +€6,000
up €6,000, from €0 to €6,000
- Gross operating margin -€10,505
down €10,505 (-26.1%), from €40,248 to €29,743
- Other operating charges -€4,107
down €4,107 (-33.3%), from €12,325 to €8,218
- Taxes -€1,634
down €1,634 (-87.9%), from €1,859 to €225
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 | €121,255 | €97,184 | -€24,071 | -19.9% |
| Fixed assets | 21/28 | €43,051 | €23,451 | -€19,600 | -45.5% |
| Tangible fixed assets | 22/27 | €43,051 | €23,451 | -€19,600 | -45.5% |
| Plant, machinery and equipment | 23 | €43,051 | €23,451 | -€19,600 | -45.5% |
| Current assets | 29/58 | €78,204 | €73,732 | -€4,472 | -5.7% |
| Stocks and contracts in progress | 3 | €40,201 | €38,905 | -€1,296 | -3.2% |
| Stocks | 30/36 | €40,201 | €38,905 | -€1,296 | -3.2% |
| Amounts receivable within one year | 40/41 | €21,448 | €22,243 | +€796 | +3.7% |
| Trade receivables | 40 | €21,307 | €20,469 | -€838 | -3.9% |
| Other amounts receivable | 41 | €141 | €1,775 | +€1,634 | +1160.5% |
| Cash at bank and in hand | 54/58 | €16,555 | €12,584 | -€3,971 | -24.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €121,255 | €97,184 | -€24,071 | -19.9% |
| Equity | 10/15 | €53,448 | €54,236 | +€788 | +1.5% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €47,148 | €47,936 | +€788 | +1.7% |
| Non-distributable reserves | 130/1 | €107 | €0 | -€107 | -100.0% |
| Reserves not available under the articles | 1311 | €107 | €0 | -€107 | -100.0% |
| Distributable reserves | 133 | €47,041 | €47,936 | +€895 | +1.9% |
| Amounts payable | 17/49 | €67,807 | €42,948 | -€24,859 | -36.7% |
| Amounts payable after more than one year | 17 | €16,721 | €6,819 | -€9,902 | -59.2% |
| Financial debts | 170/4 | €16,721 | €6,819 | -€9,902 | -59.2% |
| Amounts payable within one year | 42/48 | €50,698 | €35,729 | -€14,970 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €16,184 | €9,902 | -€6,282 | -38.8% |
| Trade debts | 44 | €30,692 | €16,300 | -€14,392 | -46.9% |
| Suppliers | 440/4 | €30,692 | €16,300 | -€14,392 | -46.9% |
| Taxes, remuneration and social security | 45 | €3,823 | €3,527 | -€296 | -7.7% |
| Taxes | 450/3 | €3,823 | €3,527 | -€296 | -7.7% |
| Other amounts payable | 47/48 | €0 | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,368 | €19,600 | +€231 | +1.2% |
| Other operating charges | 640/8 | €12,325 | €8,218 | -€4,107 | -33.3% |
| Gross operating margin | 9900 | €40,248 | €29,743 | -€10,505 | -26.1% |
| Operating profit (loss) | 9901 | €8,555 | €1,925 | -€6,630 | -77.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,232 | €912 | -€320 | -26.0% |
| Recurring financial charges | 65 | €1,232 | €912 | -€320 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €7,323 | €1,013 | -€6,310 | -86.2% |
| Income taxes | 67/77 | €1,859 | €225 | -€1,634 | -87.9% |
| Profit (loss) for the period | 9904 | €5,464 | €788 | -€4,676 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,464 | €788 | -€4,676 | -85.6% |
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 6 October 2026 via checked.be.