De KNOTWILG: 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.
De KNOTWILG
Largest movements
- Receivables within one year +€25,631
up €25,631 (+35.3%), from €72,563 to €98,193
of which Other amounts receivable: +€15,144
- Stocks and contracts +€12,765
up €12,765 (+26.3%), from €48,587 to €61,351
- Tangible fixed assets +€9,390
up €9,390 (+12.7%), from €73,971 to €83,360
of which Furniture and vehicles: +€15,179
- Deferred charges and accrued income -€4,468
down €4,468 (-51.4%), from €8,690 to €4,222
- Cash -€3,979
down €3,979 (-61.0%), from €6,522 to €2,543
mainly Receivables within one year (-€25,631) and Investment in fixed assets (net) (-€16,659)
- Reserves +€24,555
up €24,555 (+23.9%), from €102,707 to €127,262
of which Distributable reserves: +€24,555
- Debts after one year +€17,159
up €17,159 (+198%), from €8,659 to €25,817
- Short-term financial debts +€6,013
up €6,013 (+44.1%), from €13,629 to €19,641
of which Credit institutions: +€6,013
- Tax, wage and social debts -€5,528
down €5,528 (-30.3%), from €18,219 to €12,691
of which Remuneration and social security: -€5,197
- Current portion of long-term debt -€3,907
down €3,907 (-18.7%), from €20,882 to €16,975
- Gross operating margin +€22,773
up €22,773 (+38.3%), from €59,420 to €82,194
- Taxes +€5,317
up €5,317 (+196%), from €2,709 to €8,026
- Staff costs +€4,423
up €4,423 (+12.3%), from €35,913 to €40,336
- Depreciation -€1,770
down €1,770 (-18.6%), from €9,529 to €7,759
- Financial charges +€1,649
up €1,649 (+41.8%), from €3,940 to €5,589
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 | €211,048 | €249,896 | +€38,848 | +18.4% |
| Fixed assets | 21/28 | €74,686 | €83,586 | +€8,900 | +11.9% |
| Intangible fixed assets | 21 | €716 | €226 | -€490 | -68.5% |
| Tangible fixed assets | 22/27 | €73,971 | €83,360 | +€9,390 | +12.7% |
| Land and buildings | 22 | €57,784 | €53,583 | -€4,201 | -7.3% |
| Plant, machinery and equipment | 23 | €6,760 | €5,171 | -€1,589 | -23.5% |
| Furniture and vehicles | 24 | €9,427 | €24,607 | +€15,179 | +161% |
| Current assets | 29/58 | €136,362 | €166,310 | +€29,949 | +22.0% |
| Stocks and contracts in progress | 3 | €48,587 | €61,351 | +€12,765 | +26.3% |
| Stocks | 30/36 | €48,587 | €61,351 | +€12,765 | +26.3% |
| Amounts receivable within one year | 40/41 | €72,563 | €98,193 | +€25,631 | +35.3% |
| Trade receivables | 40 | €5,219 | €15,706 | +€10,487 | +201% |
| Other amounts receivable | 41 | €67,344 | €82,488 | +€15,144 | +22.5% |
| Cash at bank and in hand | 54/58 | €6,522 | €2,543 | -€3,979 | -61.0% |
| Deferred charges and accrued income | 490/1 | €8,690 | €4,222 | -€4,468 | -51.4% |
| Total equity and liabilities | 10/49 | €211,048 | €249,896 | +€38,848 | +18.4% |
| Equity | 10/15 | €121,307 | €145,862 | +€24,555 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,707 | €127,262 | +€24,555 | +23.9% |
| Non-distributable reserves | 130/1 | €56 | €56 | = | 0.0% |
| Reserves not available under the articles | 1311 | €56 | €56 | = | 0.0% |
| Distributable reserves | 133 | €102,651 | €127,206 | +€24,555 | +23.9% |
| Amounts payable | 17/49 | €89,741 | €104,034 | +€14,293 | +15.9% |
| Amounts payable after more than one year | 17 | €8,659 | €25,817 | +€17,159 | +198% |
| Financial debts | 170/4 | €8,659 | €25,817 | +€17,159 | +198% |
| Amounts payable within one year | 42/48 | €81,075 | €78,217 | -€2,858 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €20,882 | €16,975 | -€3,907 | -18.7% |
| Financial debts | 43 | €13,629 | €19,641 | +€6,013 | +44.1% |
| Credit institutions | 430/8 | €8,629 | €14,641 | +€6,013 | +69.7% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €27,825 | €28,910 | +€1,086 | +3.9% |
| Suppliers | 440/4 | €27,825 | €28,910 | +€1,086 | +3.9% |
| Advances received on contracts in progress | 46 | €462 | €0 | -€462 | -100% |
| Taxes, remuneration and social security | 45 | €18,219 | €12,691 | -€5,528 | -30.3% |
| Taxes | 450/3 | €7,445 | €7,114 | -€331 | -4.4% |
| Remuneration and social security | 454/9 | €10,774 | €5,577 | -€5,197 | -48.2% |
| Other amounts payable | 47/48 | €59 | €0 | -€59 | -100% |
| Accrued charges and deferred income | 492/3 | €7 | €0 | -€7 | -100% |
| Non-recurring operating income | 76A | - | €2,697 | +€2,697 | |
| Remuneration, social security and pensions | 62 | €35,913 | €40,336 | +€4,423 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,529 | €7,759 | -€1,770 | -18.6% |
| Other operating charges | 640/8 | €1,164 | €463 | -€701 | -60.2% |
| Gross operating margin | 9900 | €59,420 | €82,194 | +€22,773 | +38.3% |
| Operating profit (loss) | 9901 | €12,815 | €33,636 | +€20,821 | +162% |
| Financial income | 75/76B | €4,615 | €4,534 | -€81 | -1.7% |
| Recurring financial income | 75 | €4,615 | €4,534 | -€81 | -1.7% |
| Financial charges | 65/66B | €3,940 | €5,589 | +€1,649 | +41.8% |
| Recurring financial charges | 65 | €3,940 | €5,589 | +€1,649 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €13,489 | €32,581 | +€19,092 | +142% |
| Income taxes | 67/77 | €2,709 | €8,026 | +€5,317 | +196% |
| Profit (loss) for the period | 9904 | €10,781 | €24,555 | +€13,774 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €10,781 | €24,555 | +€13,774 | +128% |
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 29 October 2026 via checked.be.