K.N.: 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.
K.N.
Largest movements
- Stocks and contracts -€4,320
down €4,320 (-27.7%), from €15,622 to €11,302
- Cash -€285
down €285 (-6.6%), from €4,297 to €4,012
mainly Other debts (-€15,643)
- Other debts -€15,643
down €15,643 (-29.9%), from €52,234 to €36,591
- Profit (loss) carried forward +€6,902
up €6,902 (+16.0%), from -€43,122 to -€36,220
- Tax, wage and social debts +€2,511
up €2,511 (+72.8%), from €3,449 to €5,959
of which Taxes: +€2,511
- Trade debts +€1,625
up €1,625 (+301.1%), from €540 to €2,164
- Gross operating margin -€5,562
down €5,562 (-33.7%), from €16,521 to €10,959
- Other operating charges -€1,988
down €1,988 (-49.6%), from €4,007 to €2,020
- Taxes -€1,023
down €1,023 (-35.3%), from €2,896 to €1,874
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 | €19,920 | €15,315 | -€4,605 | -23.1% |
| Current assets | 29/58 | €19,920 | €15,315 | -€4,605 | -23.1% |
| Stocks and contracts in progress | 3 | €15,622 | €11,302 | -€4,320 | -27.7% |
| Stocks | 30/36 | €15,622 | €11,302 | -€4,320 | -27.7% |
| Cash at bank and in hand | 54/58 | €4,297 | €4,012 | -€285 | -6.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €19,920 | €15,315 | -€4,605 | -23.1% |
| Equity | 10/15 | -€36,302 | -€29,400 | +€6,902 | +19.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,122 | -€36,220 | +€6,902 | +16.0% |
| Amounts payable | 17/49 | €56,222 | €44,715 | -€11,507 | -20.5% |
| Amounts payable within one year | 42/48 | €56,222 | €44,715 | -€11,507 | -20.5% |
| Trade debts | 44 | €540 | €2,164 | +€1,625 | +301.1% |
| Suppliers | 440/4 | €540 | €2,164 | +€1,625 | +301.1% |
| Taxes, remuneration and social security | 45 | €3,449 | €5,959 | +€2,511 | +72.8% |
| Taxes | 450/3 | €3,449 | €5,959 | +€2,511 | +72.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €52,234 | €36,591 | -€15,643 | -29.9% |
| Other operating charges | 640/8 | €4,007 | €2,020 | -€1,988 | -49.6% |
| Gross operating margin | 9900 | €16,521 | €10,959 | -€5,562 | -33.7% |
| Operating profit (loss) | 9901 | €12,514 | €8,939 | -€3,575 | -28.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €182 | €163 | -€19 | -10.4% |
| Recurring financial charges | 65 | €182 | €163 | -€19 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €12,332 | €8,776 | -€3,556 | -28.8% |
| Income taxes | 67/77 | €2,896 | €1,874 | -€1,023 | -35.3% |
| Profit (loss) for the period | 9904 | €9,435 | €6,902 | -€2,533 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,435 | €6,902 | -€2,533 | -26.8% |
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.