KN DEVELOPMENT: 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.
KN DEVELOPMENT
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-21.1%), from €6.8m to €5.3m
- Other debts -€1.6m
down €1.6m (-7.3%), from €22.3m to €20.6m
- Profit (loss) carried forward +€211,300
up €211,300 (+1.4%), from -€15.5m to -€15.3m
- Financial income +€1.1m
up €1.1m (+70.6%), from €1.5m to €2.6m
- Financial charges +€376,748
up €376,748 (+19.1%), from €2.0m to €2.4m
- Gross operating margin +€946
up €946 (+82.8%), from -€1,143 to -€197
- Other operating charges +€52
up €52 (+4.8%), from €1,094 to €1,146
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 | €6,764,508 | €5,341,751 | -€1.4m | -21.0% |
| Fixed assets | 21/28 | €2,149 | €2,149 | = | 0.0% |
| Financial fixed assets | 28 | €2,149 | €2,149 | = | 0.0% |
| Current assets | 29/58 | €6,762,359 | €5,339,603 | -€1.4m | -21.0% |
| Amounts receivable within one year | 40/41 | €6,762,066 | €5,337,770 | -€1.4m | -21.1% |
| Other amounts receivable | 41 | €6,762,066 | €5,337,770 | -€1.4m | -21.1% |
| Cash at bank and in hand | 54/58 | €293 | €1,833 | +€1,540 | +525.6% |
| Total equity and liabilities | 10/49 | €6,764,508 | €5,341,751 | -€1.4m | -21.0% |
| Equity | 10/15 | -€15,493,873 | -€15,282,573 | +€211,300 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,512,473 | -€15,301,173 | +€211,300 | +1.4% |
| Amounts payable | 17/49 | €22,258,381 | €20,624,324 | -€1.6m | -7.3% |
| Amounts payable within one year | 42/48 | €22,258,381 | €20,624,324 | -€1.6m | -7.3% |
| Trade debts | 44 | €1,094 | €0 | -€1,094 | -100.0% |
| Suppliers | 440/4 | €1,094 | €0 | -€1,094 | -100.0% |
| Other amounts payable | 47/48 | €22,257,287 | €20,624,324 | -€1.6m | -7.3% |
| Other operating charges | 640/8 | €1,094 | €1,146 | +€52 | +4.8% |
| Gross operating margin | 9900 | -€1,143 | -€197 | +€946 | +82.8% |
| Operating profit (loss) | 9901 | -€2,236 | -€1,343 | +€894 | +40.0% |
| Financial income | 75/76B | €1,503,982 | €2,565,694 | +€1.1m | +70.6% |
| Recurring financial income | 75 | €1,503,982 | €2,565,694 | +€1.1m | +70.6% |
| Financial charges | 65/66B | €1,976,303 | €2,353,051 | +€376,748 | +19.1% |
| Recurring financial charges | 65 | €1,976,303 | €2,353,051 | +€376,748 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€474,557 | €211,300 | +€685,857 | |
| Profit (loss) for the period | 9904 | -€474,557 | €211,300 | +€685,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€474,557 | €211,300 | +€685,857 |
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 9 October 2026 via checked.be.