KNA Project: 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.
KNA Project
Largest movements
- Receivables within one year +€7,153
up €7,153 (+193%), from €3,699 to €10,852
of which Trade receivables: +€5,279
- Tangible fixed assets +€5,084
up €5,084 (+171%), from €2,970 to €8,053
of which Furniture and vehicles: +€3,253
- Cash -€887
down €887 (-44.3%), from €2,001 to €1,114
mainly Receivables within one year (-€7,153) and Investment in fixed assets (net) (-€6,902)
- Reserves +€5,306
up €5,306 (+113%), from €4,680 to €9,986
- Trade debts +€3,453
new in 2025: €3,453
- Tax, wage and social debts +€2,636
up €2,636 (+122%), from €2,166 to €4,802
- Gross operating margin +€6,140
up €6,140 (+58.4%), from €10,506 to €16,646
- Taxes +€2,415
up €2,415 (+85.5%), from €2,825 to €5,240
- Depreciation +€1,189
up €1,189 (+189%), from €629 to €1,818
- Other operating charges +€774
up €774 (+116%), from €666 to €1,441
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 | €9,445 | €20,841 | +€11,396 | +121% |
| Fixed assets | 21/28 | €2,970 | €8,053 | +€5,084 | +171% |
| Tangible fixed assets | 22/27 | €2,970 | €8,053 | +€5,084 | +171% |
| Plant, machinery and equipment | 23 | €2,538 | €4,369 | +€1,831 | +72.1% |
| Furniture and vehicles | 24 | €431 | €3,684 | +€3,253 | +754% |
| Current assets | 29/58 | €6,476 | €12,788 | +€6,312 | +97.5% |
| Amounts receivable within one year | 40/41 | €3,699 | €10,852 | +€7,153 | +193% |
| Trade receivables | 40 | €224 | €5,503 | +€5,279 | +2,361% |
| Other amounts receivable | 41 | €3,475 | €5,349 | +€1,874 | +53.9% |
| Cash at bank and in hand | 54/58 | €2,001 | €1,114 | -€887 | -44.3% |
| Deferred charges and accrued income | 490/1 | €776 | €822 | +€46 | +5.9% |
| Total equity and liabilities | 10/49 | €9,445 | €20,841 | +€11,396 | +121% |
| Equity | 10/15 | €5,680 | €10,986 | +€5,306 | +93.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,680 | €9,986 | +€5,306 | +113% |
| Distributable reserves | 133 | €4,680 | €9,986 | +€5,306 | +113% |
| Amounts payable | 17/49 | €3,766 | €9,855 | +€6,090 | +162% |
| Amounts payable within one year | 42/48 | €3,766 | €9,855 | +€6,090 | +162% |
| Trade debts | 44 | - | €3,453 | +€3,453 | |
| Suppliers | 440/4 | - | €3,453 | +€3,453 | |
| Taxes, remuneration and social security | 45 | €2,166 | €4,802 | +€2,636 | +122% |
| Taxes | 450/3 | €2,166 | €4,802 | +€2,636 | +122% |
| Other amounts payable | 47/48 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €629 | €1,818 | +€1,189 | +189% |
| Other operating charges | 640/8 | €666 | €1,441 | +€774 | +116% |
| Gross operating margin | 9900 | €10,506 | €16,646 | +€6,140 | +58.4% |
| Operating profit (loss) | 9901 | €9,210 | €13,387 | +€4,177 | +45.4% |
| Financial income | 75/76B | - | €87 | +€87 | |
| Recurring financial income | 75 | - | €87 | +€87 | |
| Financial charges | 65/66B | €1,256 | €1,327 | +€72 | +5.7% |
| Recurring financial charges | 65 | €1,256 | €1,327 | +€72 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €7,954 | €12,147 | +€4,192 | +52.7% |
| Income taxes | 67/77 | €2,825 | €5,240 | +€2,415 | +85.5% |
| Profit (loss) for the period | 9904 | €5,129 | €6,906 | +€1,777 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,129 | €6,906 | +€1,777 | +34.7% |
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 24 October 2026 via checked.be.