KN WELDING: what changed
Two fiscal 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 WELDING
Largest movements
- Tangible fixed assets -€16,806
down €16,806 (-11.1%), from €151,095 to €134,289
of which Land and buildings: -€10,581
- Cash +€10,931
up €10,931 (+16.0%), from €68,168 to €79,099
mainly Net result for the year (+€21,819) and Depreciation (+€19,609)
- Receivables within one year -€3,017
down €3,017 (-4.5%), from €67,546 to €64,529
of which Trade receivables: -€4,536
- Debts after one year -€7,880
down €7,880 (-7.2%), from €110,043 to €102,163
- Reserves +€5,328
up €5,328 (+3.6%), from €150,062 to €155,390
- Tax, wage and social debts -€3,601
down €3,601 (-31.7%), from €11,362 to €7,762
of which Remuneration and social security: -€3,155
- Trade debts -€3,102
down €3,102 (-38.6%), from €8,026 to €4,924
- Gross operating margin +€5,982
up €5,982 (+6.3%), from €95,068 to €101,050
- Taxes +€1,350
up €1,350 (+16.8%), from €8,016 to €9,366
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 | €293,309 | €284,692 | -€8,617 | -2.9% |
| Fixed assets | 21/28 | €151,095 | €134,289 | -€16,806 | -11.1% |
| Tangible fixed assets | 22/27 | €151,095 | €134,289 | -€16,806 | -11.1% |
| Land and buildings | 22 | €133,173 | €122,593 | -€10,581 | -7.9% |
| Plant, machinery and equipment | 23 | €7,126 | €6,853 | -€273 | -3.8% |
| Furniture and vehicles | 24 | €10,796 | €4,843 | -€5,953 | -55.1% |
| Current assets | 29/58 | €142,214 | €150,403 | +€8,189 | +5.8% |
| Amounts receivable within one year | 40/41 | €67,546 | €64,529 | -€3,017 | -4.5% |
| Trade receivables | 40 | €67,412 | €62,876 | -€4,536 | -6.7% |
| Other amounts receivable | 41 | €134 | €1,653 | +€1,519 | +1133.6% |
| Cash at bank and in hand | 54/58 | €68,168 | €79,099 | +€10,931 | +16.0% |
| Deferred charges and accrued income | 490/1 | €6,500 | €6,774 | +€275 | +4.2% |
| Total equity and liabilities | 10/49 | €293,309 | €284,692 | -€8,617 | -2.9% |
| Equity | 10/15 | €156,262 | €161,590 | +€5,328 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,062 | €155,390 | +€5,328 | +3.6% |
| Distributable reserves | 133 | €150,062 | €155,390 | +€5,328 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €137,047 | €123,102 | -€13,945 | -10.2% |
| Amounts payable after more than one year | 17 | €110,043 | €102,163 | -€7,880 | -7.2% |
| Financial debts | 170/4 | €110,043 | €102,163 | -€7,880 | -7.2% |
| Amounts payable within one year | 42/48 | €27,004 | €20,939 | -€6,065 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €7,615 | €7,880 | +€265 | +3.5% |
| Trade debts | 44 | €8,026 | €4,924 | -€3,102 | -38.6% |
| Suppliers | 440/4 | €8,026 | €4,924 | -€3,102 | -38.6% |
| Taxes, remuneration and social security | 45 | €11,362 | €7,762 | -€3,601 | -31.7% |
| Taxes | 450/3 | €7,227 | €6,782 | -€445 | -6.2% |
| Remuneration and social security | 454/9 | €4,135 | €980 | -€3,155 | -76.3% |
| Other amounts payable | 47/48 | - | €373 | +€373 | |
| Remuneration, social security and pensions | 62 | €44,487 | €45,058 | +€570 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,484 | €19,609 | +€125 | +0.6% |
| Other operating charges | 640/8 | €1,120 | €1,085 | -€35 | -3.1% |
| Gross operating margin | 9900 | €95,068 | €101,050 | +€5,982 | +6.3% |
| Operating profit (loss) | 9901 | €29,976 | €35,297 | +€5,321 | +17.8% |
| Financial income | 75/76B | €8 | €194 | +€186 | +2409.4% |
| Recurring financial income | 75 | €8 | €194 | +€186 | +2409.4% |
| Financial charges | 65/66B | €4,280 | €4,306 | +€26 | +0.6% |
| Recurring financial charges | 65 | €4,280 | €4,306 | +€26 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €25,704 | €31,185 | +€5,481 | +21.3% |
| Income taxes | 67/77 | €8,016 | €9,366 | +€1,350 | +16.8% |
| Profit (loss) for the period | 9904 | €17,688 | €21,819 | +€4,131 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,688 | €21,819 | +€4,131 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.