K.N.C.: 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.
K.N.C.
Largest movements
- Stocks and contracts -€38,788
down €38,788 (-71.2%), from €54,500 to €15,712
- Cash +€37,101
up €37,101 (+181%), from €20,545 to €57,646
mainly Stocks and contracts (+€38,788) and Net result for the year (+€23,035)
- Receivables within one year -€1,214
down €1,214 (-13.5%), from €8,984 to €7,770
of which Other amounts receivable: -€1,482
- Short-term financial debts -€26,180
no longer reported in 2025 (was €26,180)
- Profit (loss) carried forward +€23,035
up €23,035, from -€15,471 to €7,564
- Gross operating margin +€46,006
up €46,006, from -€21,287 to €24,719
- Financial charges -€1,382
down €1,382 (-63.1%), from €2,189 to €807
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 | €84,122 | €81,221 | -€2,901 | -3.4% |
| Fixed assets | 21/28 | €93 | €93 | = | 0.0% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €84,029 | €81,128 | -€2,901 | -3.5% |
| Stocks and contracts in progress | 3 | €54,500 | €15,712 | -€38,788 | -71.2% |
| Stocks | 30/36 | €54,500 | €15,712 | -€38,788 | -71.2% |
| Amounts receivable within one year | 40/41 | €8,984 | €7,770 | -€1,214 | -13.5% |
| Trade receivables | 40 | €3,108 | €3,376 | +€268 | +8.6% |
| Other amounts receivable | 41 | €5,876 | €4,394 | -€1,482 | -25.2% |
| Cash at bank and in hand | 54/58 | €20,545 | €57,646 | +€37,101 | +181% |
| Total equity and liabilities | 10/49 | €84,122 | €81,221 | -€2,901 | -3.4% |
| Equity | 10/15 | €12,029 | €35,064 | +€23,035 | +191% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,471 | €7,564 | +€23,035 | |
| Amounts payable | 17/49 | €72,093 | €46,157 | -€25,936 | -36.0% |
| Amounts payable after more than one year | 17 | €45,352 | €45,352 | = | 0.0% |
| Financial debts | 170/4 | €45,352 | €45,352 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,241 | €805 | -€25,436 | -96.9% |
| Financial debts | 43 | €26,180 | - | -€26,180 | |
| Credit institutions | 430/8 | €26,180 | - | -€26,180 | |
| Trade debts | 44 | €61 | - | -€61 | |
| Suppliers | 440/4 | €61 | - | -€61 | |
| Taxes, remuneration and social security | 45 | - | €805 | +€805 | |
| Taxes | 450/3 | - | €805 | +€805 | |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Other operating charges | 640/8 | €745 | €877 | +€132 | +17.7% |
| Gross operating margin | 9900 | -€21,287 | €24,719 | +€46,006 | |
| Operating profit (loss) | 9901 | -€22,032 | €23,842 | +€45,874 | |
| Financial charges | 65/66B | €2,189 | €807 | -€1,382 | -63.1% |
| Recurring financial charges | 65 | €2,189 | €807 | -€1,382 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€24,221 | €23,035 | +€47,256 | |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€24,216 | €23,035 | +€47,251 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,216 | €23,035 | +€47,251 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.