KN Light: 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 Light
Largest movements
- Receivables within one year -€80,092
down €80,092 (-42.6%), from €187,997 to €107,905
of which Trade receivables: -€71,315
- Stocks and contracts +€32,228
up €32,228 (+20.9%), from €154,084 to €186,312
of which Contracts in progress: +€20,000
- Debts after one year -€57,748
down €57,748 (-12.2%), from €473,805 to €416,057
- Short-term financial debts -€30,000
down €30,000 (-23.1%), from €130,000 to €100,000
- Trade debts -€15,877
down €15,877 (-10.5%), from €151,691 to €135,814
- Tax, wage and social debts +€14,099
up €14,099 (+49.2%), from €28,659 to €42,758
of which Remuneration and social security: +€16,437
- Current portion of long-term debt +€11,652
up €11,652 (+16.9%), from €68,906 to €80,558
- Staff costs +€69,018
up €69,018 (+32.2%), from €214,285 to €283,303
- Gross operating margin +€66,768
up €66,768 (+22.7%), from €293,894 to €360,662
- Depreciation -€63,589
down €63,589 (-59.9%), from €106,229 to €42,640
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 | €1,010,107 | €937,161 | -€72,946 | -7.2% |
| Fixed assets | 21/28 | €576,406 | €566,812 | -€9,595 | -1.7% |
| Intangible fixed assets | 21 | €8,836 | €5,713 | -€3,123 | -35.3% |
| Tangible fixed assets | 22/27 | €567,571 | €561,099 | -€6,472 | -1.1% |
| Land and buildings | 22 | €485,617 | €499,376 | +€13,759 | +2.8% |
| Furniture and vehicles | 24 | €1,558 | €536 | -€1,022 | -65.6% |
| Leasing and similar rights | 25 | €26,526 | €14,486 | -€12,039 | -45.4% |
| Other tangible fixed assets | 26 | €53,870 | €46,701 | -€7,169 | -13.3% |
| Current assets | 29/58 | €433,701 | €370,349 | -€63,352 | -14.6% |
| Amounts receivable after more than one year | 29 | €49,500 | €49,500 | = | 0.0% |
| Other amounts receivable | 291 | €49,500 | €49,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €154,084 | €186,312 | +€32,228 | +20.9% |
| Stocks | 30/36 | €154,084 | €166,312 | +€12,228 | +7.9% |
| Contracts in progress | 37 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €187,997 | €107,905 | -€80,092 | -42.6% |
| Trade receivables | 40 | €167,390 | €96,075 | -€71,315 | -42.6% |
| Other amounts receivable | 41 | €20,607 | €11,830 | -€8,778 | -42.6% |
| Cash at bank and in hand | 54/58 | €17,323 | €10,563 | -€6,761 | -39.0% |
| Deferred charges and accrued income | 490/1 | €24,797 | €16,070 | -€8,727 | -35.2% |
| Total equity and liabilities | 10/49 | €1,010,107 | €937,161 | -€72,946 | -7.2% |
| Equity | 10/15 | €152,532 | €161,278 | +€8,746 | +5.7% |
| Contributions | 10/11 | €31,500 | €31,500 | = | 0.0% |
| Reserves | 13 | €121,032 | €129,778 | +€8,746 | +7.2% |
| Distributable reserves | 133 | €121,032 | €129,778 | +€8,746 | +7.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €857,575 | €775,883 | -€81,692 | -9.5% |
| Amounts payable after more than one year | 17 | €473,805 | €416,057 | -€57,748 | -12.2% |
| Financial debts | 170/4 | €473,805 | €416,057 | -€57,748 | -12.2% |
| Amounts payable within one year | 42/48 | €379,969 | €359,826 | -€20,143 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €68,906 | €80,558 | +€11,652 | +16.9% |
| Financial debts | 43 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Credit institutions | 430/8 | €130,000 | €100,000 | -€30,000 | -23.1% |
| Trade debts | 44 | €151,691 | €135,814 | -€15,877 | -10.5% |
| Suppliers | 440/4 | €151,691 | €135,814 | -€15,877 | -10.5% |
| Taxes, remuneration and social security | 45 | €28,659 | €42,758 | +€14,099 | +49.2% |
| Taxes | 450/3 | €5,639 | €3,300 | -€2,339 | -41.5% |
| Remuneration and social security | 454/9 | €23,021 | €39,458 | +€16,437 | +71.4% |
| Other amounts payable | 47/48 | €713 | €696 | -€16 | -2.3% |
| Accrued charges and deferred income | 492/3 | €3,801 | €0 | -€3,801 | -100% |
| Non-recurring operating income | 76A | - | €18,137 | +€18,137 | |
| Remuneration, social security and pensions | 62 | €214,285 | €283,303 | +€69,018 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,229 | €42,640 | -€63,589 | -59.9% |
| Other operating charges | 640/8 | €1,928 | €2,776 | +€848 | +44.0% |
| Gross operating margin | 9900 | €293,894 | €360,662 | +€66,768 | +22.7% |
| Operating profit (loss) | 9901 | -€28,547 | €31,944 | +€60,491 | |
| Financial income | 75/76B | €4,617 | €2,903 | -€1,714 | -37.1% |
| Recurring financial income | 75 | €4,617 | €2,903 | -€1,714 | -37.1% |
| Financial charges | 65/66B | €29,081 | €25,742 | -€3,338 | -11.5% |
| Recurring financial charges | 65 | €29,081 | €25,742 | -€3,338 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,011 | €9,104 | +€62,115 | |
| Income taxes | 67/77 | €337 | €358 | +€21 | +6.4% |
| Profit (loss) for the period | 9904 | -€53,348 | €8,746 | +€62,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,348 | €8,746 | +€62,094 |
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 15 October 2026 via checked.be.