KN-GROUPE: 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-GROUPE
Largest movements
- Receivables within one year +€135,973
up €135,973 (+19.7%), from €690,020 to €825,993
of which Other amounts receivable: +€253,640
- Tangible fixed assets -€66,511
down €66,511 (-42.5%), from €156,422 to €89,911
of which Furniture and vehicles: -€58,122
- Cash -€11,058
down €11,058 (-91.8%), from €12,044 to €986
mainly Receivables within one year (-€135,973) and Tax, wage and social debts (-€73,128)
- Trade debts +€89,815
up €89,815 (+14.9%), from €602,834 to €692,648
- Tax, wage and social debts -€73,128
down €73,128 (-45.3%), from €161,476 to €88,348
of which Taxes: -€70,293
- Profit (loss) carried forward +€27,508
up €27,508 (+30.4%), from €90,537 to €118,044
- Advances received +€20,808
new in 2025: €20,808
- Gross operating margin -€69,566
down €69,566 (-14.7%), from €473,694 to €404,129
- Staff costs -€67,565
down €67,565 (-30.2%), from €223,698 to €156,133
- Other operating charges -€36,991
down €36,991 (-23.5%), from €157,556 to €120,565
- Taxes +€17,789
new in 2025: €17,789
- Depreciation +€14,059
up €14,059 (+21.8%), from €64,452 to €78,511
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 | €909,237 | €963,691 | +€54,453 | +6.0% |
| Fixed assets | 21/28 | €203,222 | €136,711 | -€66,511 | -32.7% |
| Tangible fixed assets | 22/27 | €156,422 | €89,911 | -€66,511 | -42.5% |
| Furniture and vehicles | 24 | €136,340 | €78,218 | -€58,122 | -42.6% |
| Leasing and similar rights | 25 | €20,082 | €11,693 | -€8,388 | -41.8% |
| Financial fixed assets | 28 | €46,800 | €46,800 | = | 0.0% |
| Current assets | 29/58 | €706,015 | €826,979 | +€120,964 | +17.1% |
| Amounts receivable within one year | 40/41 | €690,020 | €825,993 | +€135,973 | +19.7% |
| Trade receivables | 40 | €251,671 | €134,005 | -€117,666 | -46.8% |
| Other amounts receivable | 41 | €438,349 | €691,988 | +€253,640 | +57.9% |
| Cash at bank and in hand | 54/58 | €12,044 | €986 | -€11,058 | -91.8% |
| Deferred charges and accrued income | 490/1 | €3,952 | - | -€3,952 | |
| Total equity and liabilities | 10/49 | €909,237 | €963,691 | +€54,453 | +6.0% |
| Equity | 10/15 | €101,737 | €129,244 | +€27,508 | +27.0% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,537 | €118,044 | +€27,508 | +30.4% |
| Amounts payable | 17/49 | €807,501 | €834,446 | +€26,945 | +3.3% |
| Amounts payable after more than one year | 17 | €12,065 | €12,065 | = | 0.0% |
| Financial debts | 170/4 | €12,065 | €12,065 | = | 0.0% |
| Amounts payable within one year | 42/48 | €795,435 | €822,381 | +€26,945 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €7,011 | €592 | -€6,418 | -91.6% |
| Financial debts | 43 | €6,597 | €2,465 | -€4,131 | -62.6% |
| Credit institutions | 430/8 | €6,597 | €2,465 | -€4,131 | -62.6% |
| Trade debts | 44 | €602,834 | €692,648 | +€89,815 | +14.9% |
| Suppliers | 440/4 | €602,834 | €692,648 | +€89,815 | +14.9% |
| Advances received on contracts in progress | 46 | - | €20,808 | +€20,808 | |
| Taxes, remuneration and social security | 45 | €161,476 | €88,348 | -€73,128 | -45.3% |
| Taxes | 450/3 | €142,676 | €72,382 | -€70,293 | -49.3% |
| Remuneration and social security | 454/9 | €18,801 | €15,966 | -€2,835 | -15.1% |
| Other amounts payable | 47/48 | €17,518 | €17,518 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €223,698 | €156,133 | -€67,565 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,452 | €78,511 | +€14,059 | +21.8% |
| Other operating charges | 640/8 | €157,556 | €120,565 | -€36,991 | -23.5% |
| Gross operating margin | 9900 | €473,694 | €404,129 | -€69,566 | -14.7% |
| Operating profit (loss) | 9901 | €27,988 | €48,920 | +€20,932 | +74.8% |
| Financial income | 75/76B | €13 | €1 | -€12 | -92.5% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -92.5% |
| Financial charges | 65/66B | €2,787 | €1,300 | -€1,486 | -53.3% |
| Recurring financial charges | 65 | €2,787 | €1,300 | -€1,486 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €25,215 | €47,621 | +€22,406 | +88.9% |
| Income taxes | 67/77 | - | €17,789 | +€17,789 | |
| Profit (loss) for the period | 9904 | €25,215 | €29,832 | +€4,617 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,215 | €29,832 | +€4,617 | +18.3% |
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 31 October 2026 via checked.be.