K&N CONCEPT: 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 CONCEPT
Largest movements
- Receivables within one year +€58,974
up €58,974 (+79.5%), from €74,136 to €133,109
of which Other amounts receivable: +€59,159
- Cash -€30,535
down €30,535 (-33.5%), from €91,207 to €60,671
mainly Receivables within one year (-€58,974) and Advances received (-€11,655)
- Tangible fixed assets -€12,883
down €12,883 (-35.9%), from €35,900 to €23,017
of which Furniture and vehicles: -€15,533
- Profit (loss) carried forward +€23,191
up €23,191 (+22.3%), from €103,878 to €127,068
- Tax, wage and social debts +€15,102
up €15,102 (+155%), from €9,758 to €24,860
- Advances received -€11,655
down €11,655 (-26.5%), from €43,915 to €32,261
- Trade debts -€9,382
no longer reported in 2025 (was €9,382)
- Debts after one year -€4,783
down €4,783 (-21.9%), from €21,859 to €17,076
- Gross operating margin +€13,644
up €13,644 (+39.0%), from €35,027 to €48,671
- Taxes +€12,324
up €12,324 (+126%), from €9,758 to €22,082
- Financial income +€4,701
up €4,701 (+1,011%), from €465 to €5,166
of which Non-recurring financial income: +€3,189
- Financial charges +€2,535
up €2,535 (+528%), from €480 to €3,015
of which Financial charges: +€1,951
- Depreciation +€2,017
up €2,017 (+57.1%), from €3,533 to €5,550
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 | €201,242 | €216,797 | +€15,555 | +7.7% |
| Fixed assets | 21/28 | €35,900 | €23,017 | -€12,883 | -35.9% |
| Tangible fixed assets | 22/27 | €35,900 | €23,017 | -€12,883 | -35.9% |
| Plant, machinery and equipment | 23 | - | €2,650 | +€2,650 | |
| Furniture and vehicles | 24 | €35,900 | €20,367 | -€15,533 | -43.3% |
| Current assets | 29/58 | €165,342 | €193,780 | +€28,438 | +17.2% |
| Amounts receivable within one year | 40/41 | €74,136 | €133,109 | +€58,974 | +79.5% |
| Trade receivables | 40 | €65,650 | €65,464 | -€186 | -0.3% |
| Other amounts receivable | 41 | €8,485 | €67,645 | +€59,159 | +697% |
| Cash at bank and in hand | 54/58 | €91,207 | €60,671 | -€30,535 | -33.5% |
| Total equity and liabilities | 10/49 | €201,242 | €216,797 | +€15,555 | +7.7% |
| Equity | 10/15 | €111,938 | €135,128 | +€23,191 | +20.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,878 | €127,068 | +€23,191 | +22.3% |
| Amounts payable | 17/49 | €89,304 | €81,669 | -€7,636 | -8.6% |
| Amounts payable after more than one year | 17 | €21,859 | €17,076 | -€4,783 | -21.9% |
| Financial debts | 170/4 | €21,859 | €17,076 | -€4,783 | -21.9% |
| Amounts payable within one year | 42/48 | €67,445 | €64,593 | -€2,852 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,391 | €7,472 | +€3,082 | +70.2% |
| Trade debts | 44 | €9,382 | - | -€9,382 | |
| Suppliers | 440/4 | €9,382 | - | -€9,382 | |
| Advances received on contracts in progress | 46 | €43,915 | €32,261 | -€11,655 | -26.5% |
| Taxes, remuneration and social security | 45 | €9,758 | €24,860 | +€15,102 | +155% |
| Taxes | 450/3 | €9,758 | €24,860 | +€15,102 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,533 | €5,550 | +€2,017 | +57.1% |
| Other operating charges | 640/8 | €980 | - | -€980 | |
| Gross operating margin | 9900 | €35,027 | €48,671 | +€13,644 | +39.0% |
| Operating profit (loss) | 9901 | €30,514 | €43,121 | +€12,608 | +41.3% |
| Financial income | 75/76B | €465 | €5,166 | +€4,701 | +1,011% |
| Recurring financial income | 75 | €465 | €1,977 | +€1,512 | +325% |
| Non-recurring financial income | 76B | - | €3,189 | +€3,189 | |
| Financial charges | 65/66B | €480 | €3,015 | +€2,535 | +528% |
| Recurring financial charges | 65 | €480 | €2,431 | +€1,951 | +407% |
| Non-recurring financial charges | 66B | - | €583 | +€583 | |
| Profit (loss) for the period before taxes | 9903 | €30,499 | €45,273 | +€14,774 | +48.4% |
| Income taxes | 67/77 | €9,758 | €22,082 | +€12,324 | +126% |
| Profit (loss) for the period | 9904 | €20,741 | €23,191 | +€2,450 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,741 | €23,191 | +€2,450 | +11.8% |
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.