K-NIS: 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-NIS
Largest movements
- Tangible fixed assets +€445,130
up €445,130 (+1581.3%), from €28,150 to €473,280
of which Land and buildings: +€442,703
- Intangible fixed assets -€25,000
down €25,000 (-10.5%), from €237,363 to €212,363
- Deferred charges and accrued income -€11,892
down €11,892 (-41.5%), from €28,669 to €16,777
- Debts after one year +€349,790
up €349,790 (+717.0%), from €48,786 to €398,575
- Profit (loss) carried forward +€25,048
up €25,048 (+26.9%), from €93,043 to €118,091
- Current portion of long-term debt +€20,887
up €20,887 (+71.2%), from €29,323 to €50,210
- Tax, wage and social debts +€16,882
up €16,882 (+24.0%), from €70,230 to €87,112
of which Taxes: +€15,112
- Trade debts -€9,299
down €9,299 (-59.8%), from €15,562 to €6,263
- Gross operating margin -€56,418
down €56,418 (-32.1%), from €175,737 to €119,319
- Depreciation +€25,143
up €25,143 (+164.2%), from €15,309 to €40,452
- Taxes -€16,673
down €16,673 (-65.6%), from €25,399 to €8,726
- Financial charges +€9,359
up €9,359 (+201.6%), from €4,643 to €14,002
- Staff costs -€5,651
down €5,651 (-18.1%), from €31,204 to €25,553
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 | €375,825 | €774,664 | +€398,838 | +106.1% |
| Fixed assets | 21/28 | €271,718 | €692,098 | +€420,380 | +154.7% |
| Intangible fixed assets | 21 | €237,363 | €212,363 | -€25,000 | -10.5% |
| Tangible fixed assets | 22/27 | €28,150 | €473,280 | +€445,130 | +1581.3% |
| Land and buildings | 22 | - | €442,703 | +€442,703 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,063 | €13,236 | +€3,173 | +31.5% |
| Other tangible fixed assets | 26 | €18,087 | €17,341 | -€745 | -4.1% |
| Financial fixed assets | 28 | €6,205 | €6,455 | +€250 | +4.0% |
| Current assets | 29/58 | €104,107 | €82,566 | -€21,541 | -20.7% |
| Stocks and contracts in progress | 3 | €28,352 | €25,255 | -€3,097 | -10.9% |
| Stocks | 30/36 | €28,352 | €25,255 | -€3,097 | -10.9% |
| Amounts receivable within one year | 40/41 | €6,362 | €147 | -€6,215 | -97.7% |
| Trade receivables | 40 | €6,362 | €147 | -€6,215 | -97.7% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €40,725 | €40,387 | -€338 | -0.8% |
| Deferred charges and accrued income | 490/1 | €28,669 | €16,777 | -€11,892 | -41.5% |
| Total equity and liabilities | 10/49 | €375,825 | €774,664 | +€398,838 | +106.1% |
| Equity | 10/15 | €98,043 | €123,091 | +€25,048 | +25.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,043 | €118,091 | +€25,048 | +26.9% |
| Amounts payable | 17/49 | €277,783 | €651,573 | +€373,790 | +134.6% |
| Amounts payable after more than one year | 17 | €48,786 | €398,575 | +€349,790 | +717.0% |
| Financial debts | 170/4 | €48,786 | €398,575 | +€349,790 | +717.0% |
| Amounts payable within one year | 42/48 | €228,997 | €252,997 | +€24,000 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €29,323 | €50,210 | +€20,887 | +71.2% |
| Trade debts | 44 | €15,562 | €6,263 | -€9,299 | -59.8% |
| Suppliers | 440/4 | €15,562 | €6,263 | -€9,299 | -59.8% |
| Taxes, remuneration and social security | 45 | €70,230 | €87,112 | +€16,882 | +24.0% |
| Taxes | 450/3 | €68,078 | €83,190 | +€15,112 | +22.2% |
| Remuneration and social security | 454/9 | €2,152 | €3,922 | +€1,770 | +82.3% |
| Other amounts payable | 47/48 | €113,882 | €109,413 | -€4,469 | -3.9% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €31,204 | €25,553 | -€5,651 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,309 | €40,452 | +€25,143 | +164.2% |
| Other operating charges | 640/8 | €6,139 | €5,572 | -€567 | -9.2% |
| Gross operating margin | 9900 | €175,737 | €119,319 | -€56,418 | -32.1% |
| Operating profit (loss) | 9901 | €123,085 | €47,742 | -€75,343 | -61.2% |
| Financial income | 75/76B | €0 | €35 | +€35 | |
| Recurring financial income | 75 | €0 | €35 | +€35 | |
| Financial charges | 65/66B | €4,643 | €14,002 | +€9,359 | +201.6% |
| Recurring financial charges | 65 | €4,643 | €14,002 | +€9,359 | +201.6% |
| Profit (loss) for the period before taxes | 9903 | €118,442 | €33,775 | -€84,667 | -71.5% |
| Income taxes | 67/77 | €25,399 | €8,726 | -€16,673 | -65.6% |
| Profit (loss) for the period | 9904 | €93,043 | €25,048 | -€67,994 | -73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,043 | €25,048 | -€67,994 | -73.1% |
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 11 October 2026 via checked.be.