Knalle: 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.
Knalle
Largest movements
- Cash +€85,984
up €85,984 (+78.1%), from €110,157 to €196,141
mainly Net result for the year (+€91,476) and Receivables within one year (+€38,132)
- Financial fixed assets +€50,000
up €50,000 (+83,333%), from €60 to €50,060
- Receivables within one year -€38,132
down €38,132 (-24.9%), from €153,295 to €115,163
of which Trade receivables: -€64,189
- Reserves +€91,476
up €91,476 (+48.2%), from €189,649 to €281,125
- Current portion of long-term debt +€13,099
up €13,099 (+74.5%), from €17,594 to €30,693
- Tax, wage and social debts -€6,323
down €6,323 (-60.6%), from €10,429 to €4,106
of which Taxes: -€6,323
- Gross operating margin -€92,993
down €92,993 (-41.7%), from €222,882 to €129,889
- Taxes -€17,192
down €17,192 (-38.3%), from €44,866 to €27,675
- Financial charges +€3,190
up €3,190 (+104%), from €3,071 to €6,261
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 | €271,512 | €368,479 | +€96,967 | +35.7% |
| Fixed assets | 21/28 | €6,538 | €54,848 | +€48,311 | +739% |
| Tangible fixed assets | 22/27 | €6,478 | €4,788 | -€1,689 | -26.1% |
| Furniture and vehicles | 24 | €6,478 | €4,788 | -€1,689 | -26.1% |
| Financial fixed assets | 28 | €60 | €50,060 | +€50,000 | +83,333% |
| Current assets | 29/58 | €264,974 | €313,631 | +€48,656 | +18.4% |
| Amounts receivable within one year | 40/41 | €153,295 | €115,163 | -€38,132 | -24.9% |
| Trade receivables | 40 | €145,200 | €81,011 | -€64,189 | -44.2% |
| Other amounts receivable | 41 | €8,095 | €34,152 | +€26,057 | +322% |
| Cash at bank and in hand | 54/58 | €110,157 | €196,141 | +€85,984 | +78.1% |
| Deferred charges and accrued income | 490/1 | €1,522 | €2,326 | +€804 | +52.8% |
| Total equity and liabilities | 10/49 | €271,512 | €368,479 | +€96,967 | +35.7% |
| Equity | 10/15 | €193,649 | €285,125 | +€91,476 | +47.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €189,649 | €281,125 | +€91,476 | +48.2% |
| Distributable reserves | 133 | €189,649 | €281,125 | +€91,476 | +48.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,863 | €83,354 | +€5,491 | +7.1% |
| Amounts payable after more than one year | 17 | €47,206 | €45,037 | -€2,169 | -4.6% |
| Financial debts | 170/4 | €47,206 | €45,037 | -€2,169 | -4.6% |
| Amounts payable within one year | 42/48 | €29,857 | €36,557 | +€6,700 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €17,594 | €30,693 | +€13,099 | +74.5% |
| Trade debts | 44 | €975 | €1,758 | +€783 | +80.3% |
| Suppliers | 440/4 | €975 | €1,758 | +€783 | +80.3% |
| Taxes, remuneration and social security | 45 | €10,429 | €4,106 | -€6,323 | -60.6% |
| Taxes | 450/3 | €10,429 | €4,106 | -€6,323 | -60.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €859 | €0 | -€859 | -100% |
| Accrued charges and deferred income | 492/3 | €800 | €1,760 | +€960 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,717 | €3,467 | +€750 | +27.6% |
| Other operating charges | 640/8 | €822 | €1,912 | +€1,091 | +133% |
| Non-recurring operating charges | 66A | €21,501 | €0 | -€21,501 | -100% |
| Gross operating margin | 9900 | €222,882 | €129,889 | -€92,993 | -41.7% |
| Operating profit (loss) | 9901 | €197,841 | €124,509 | -€73,332 | -37.1% |
| Financial income | 75/76B | €419 | €902 | +€483 | +115% |
| Recurring financial income | 75 | €419 | €902 | +€483 | +115% |
| Financial charges | 65/66B | €3,071 | €6,261 | +€3,190 | +104% |
| Recurring financial charges | 65 | €3,071 | €6,261 | +€3,190 | +104% |
| Profit (loss) for the period before taxes | 9903 | €195,189 | €119,151 | -€76,039 | -39.0% |
| Income taxes | 67/77 | €44,866 | €27,675 | -€17,192 | -38.3% |
| Profit (loss) for the period | 9904 | €150,323 | €91,476 | -€58,847 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,323 | €91,476 | -€58,847 | -39.1% |
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 19 October 2026 via checked.be.