K&N Engineering: 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 Engineering
Largest movements
- Cash +€82,924
up €82,924 (+261%), from €31,737 to €114,661
mainly Net result for the year (+€121,422) and Depreciation (+€65,669)
- Receivables within one year -€17,117
down €17,117 (-4.3%), from €401,501 to €384,384
of which Trade receivables: -€18,397
- Profit (loss) carried forward +€86,716
up €86,716 (+39.4%), from €220,047 to €306,763
- Trade debts -€48,898
down €48,898 (-48.3%), from €101,263 to €52,365
- Tax, wage and social debts +€29,593
up €29,593 (+40.2%), from €73,650 to €103,244
of which Remuneration and social security: +€24,964
- Current portion of long-term debt +€23,016
up €23,016 (+21.8%), from €105,726 to €128,743
- Debts after one year -€22,968
down €22,968 (-5.2%), from €442,646 to €419,678
- Gross operating margin +€232,987
up €232,987 (+25.7%), from €905,671 to €1.1m
- Staff costs +€149,591
up €149,591 (+20.3%), from €735,521 to €885,111
- Taxes +€36,540
up €36,540 (+2,991%), from €1,222 to €37,761
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 | €989,447 | €1,058,828 | +€69,381 | +7.0% |
| Fixed assets | 21/28 | €552,829 | €548,170 | -€4,659 | -0.8% |
| Tangible fixed assets | 22/27 | €552,489 | €547,830 | -€4,659 | -0.8% |
| Land and buildings | 22 | €481,882 | €481,329 | -€553 | -0.1% |
| Plant, machinery and equipment | 23 | €41,681 | €31,746 | -€9,935 | -23.8% |
| Furniture and vehicles | 24 | €13,591 | €18,807 | +€5,216 | +38.4% |
| Leasing and similar rights | 25 | €15,335 | €15,949 | +€614 | +4.0% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €436,618 | €510,658 | +€74,040 | +17.0% |
| Amounts receivable within one year | 40/41 | €401,501 | €384,384 | -€17,117 | -4.3% |
| Trade receivables | 40 | €400,698 | €382,301 | -€18,397 | -4.6% |
| Other amounts receivable | 41 | €803 | €2,083 | +€1,280 | +159% |
| Cash at bank and in hand | 54/58 | €31,737 | €114,661 | +€82,924 | +261% |
| Deferred charges and accrued income | 490/1 | €3,380 | €11,613 | +€8,234 | +244% |
| Total equity and liabilities | 10/49 | €989,447 | €1,058,828 | +€69,381 | +7.0% |
| Equity | 10/15 | €228,157 | €314,873 | +€86,716 | +38.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,047 | €306,763 | +€86,716 | +39.4% |
| Amounts payable | 17/49 | €761,290 | €743,955 | -€17,334 | -2.3% |
| Amounts payable after more than one year | 17 | €442,646 | €419,678 | -€22,968 | -5.2% |
| Financial debts | 170/4 | €442,646 | €419,678 | -€22,968 | -5.2% |
| Amounts payable within one year | 42/48 | €318,644 | €324,278 | +€5,634 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €105,726 | €128,743 | +€23,016 | +21.8% |
| Financial debts | 43 | €23,550 | €26,340 | +€2,791 | +11.9% |
| Credit institutions | 430/8 | €23,550 | €26,340 | +€2,791 | +11.9% |
| Trade debts | 44 | €101,263 | €52,365 | -€48,898 | -48.3% |
| Suppliers | 440/4 | €101,263 | €52,365 | -€48,898 | -48.3% |
| Taxes, remuneration and social security | 45 | €73,650 | €103,244 | +€29,593 | +40.2% |
| Taxes | 450/3 | €3,335 | €7,965 | +€4,630 | +139% |
| Remuneration and social security | 454/9 | €70,315 | €95,278 | +€24,964 | +35.5% |
| Other amounts payable | 47/48 | €14,455 | €13,586 | -€869 | -6.0% |
| Non-recurring operating income | 76A | - | €19 | +€19 | |
| Remuneration, social security and pensions | 62 | €735,521 | €885,111 | +€149,591 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,033 | €65,669 | -€364 | -0.6% |
| Other operating charges | 640/8 | €10,114 | €10,151 | +€37 | +0.4% |
| Non-recurring operating charges | 66A | €26,250 | - | -€26,250 | |
| Gross operating margin | 9900 | €905,671 | €1,138,657 | +€232,987 | +25.7% |
| Operating profit (loss) | 9901 | €67,754 | €177,727 | +€109,973 | +162% |
| Financial income | 75/76B | - | €356 | +€356 | |
| Recurring financial income | 75 | - | €356 | +€356 | |
| Financial charges | 65/66B | €22,232 | €18,900 | -€3,332 | -15.0% |
| Recurring financial charges | 65 | €22,232 | €18,900 | -€3,332 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €45,521 | €159,183 | +€113,662 | +250% |
| Income taxes | 67/77 | €1,222 | €37,761 | +€36,540 | +2,991% |
| Profit (loss) for the period | 9904 | €44,300 | €121,422 | +€77,122 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €44,300 | €121,422 | +€77,122 | +174% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.