KNAP Concept: 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.
KNAP Concept
Largest movements
- Tangible fixed assets -€15,831
down €15,831 (-3.5%), from €454,170 to €438,339
of which Land and buildings: -€14,156
- Debts after one year -€24,311
down €24,311 (-6.2%), from €389,284 to €364,972
- Reserves +€20,951
up €20,951 (+120%), from €17,514 to €38,465
- Tax, wage and social debts -€11,035
down €11,035 (-49.8%), from €22,168 to €11,133
of which Remuneration and social security: -€11,160
- Short-term financial debts +€8,640
up €8,640 (+58.1%), from €14,874 to €23,514
of which Credit institutions: +€8,529
- Trade debts -€5,584
down €5,584 (-52.8%), from €10,571 to €4,987
- Staff costs -€22,138
down €22,138 (-77.0%), from €28,738 to €6,600
- Gross operating margin -€14,383
down €14,383 (-16.7%), from €86,083 to €71,700
- Financial charges -€9,662
down €9,662 (-35.7%), from €27,045 to €17,382
- Financial income -€4,580
down €4,580 (-99.8%), from €4,591 to €11
of which Non-recurring financial income: -€4,520
- Taxes +€3,624
up €3,624 (+189%), from €1,918 to €5,541
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 | €502,684 | €493,111 | -€9,573 | -1.9% |
| Fixed assets | 21/28 | €456,044 | €439,163 | -€16,882 | -3.7% |
| Intangible fixed assets | 21 | €1,874 | €824 | -€1,051 | -56.1% |
| Tangible fixed assets | 22/27 | €454,170 | €438,339 | -€15,831 | -3.5% |
| Land and buildings | 22 | €449,210 | €435,054 | -€14,156 | -3.2% |
| Plant, machinery and equipment | 23 | €971 | €811 | -€160 | -16.4% |
| Furniture and vehicles | 24 | €3,989 | €2,474 | -€1,515 | -38.0% |
| Current assets | 29/58 | €46,639 | €53,948 | +€7,309 | +15.7% |
| Stocks and contracts in progress | 3 | €40,673 | €44,035 | +€3,362 | +8.3% |
| Stocks | 30/36 | €40,673 | €44,035 | +€3,362 | +8.3% |
| Amounts receivable within one year | 40/41 | €1,555 | €3,092 | +€1,537 | +98.9% |
| Trade receivables | 40 | €195 | €2,640 | +€2,445 | +1,254% |
| Other amounts receivable | 41 | €1,360 | €452 | -€908 | -66.8% |
| Cash at bank and in hand | 54/58 | €2,841 | €5,747 | +€2,905 | +102% |
| Deferred charges and accrued income | 490/1 | €1,570 | €1,075 | -€495 | -31.5% |
| Total equity and liabilities | 10/49 | €502,684 | €493,111 | -€9,573 | -1.9% |
| Equity | 10/15 | €36,114 | €57,065 | +€20,951 | +58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,514 | €38,465 | +€20,951 | +120% |
| Distributable reserves | 133 | €17,514 | €38,465 | +€20,951 | +120% |
| Amounts payable | 17/49 | €466,570 | €436,046 | -€30,524 | -6.5% |
| Amounts payable after more than one year | 17 | €389,284 | €364,972 | -€24,311 | -6.2% |
| Financial debts | 170/4 | €389,284 | €364,972 | -€24,311 | -6.2% |
| Amounts payable within one year | 42/48 | €75,516 | €69,739 | -€5,778 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €17,117 | €18,624 | +€1,507 | +8.8% |
| Financial debts | 43 | €14,874 | €23,514 | +€8,640 | +58.1% |
| Credit institutions | 430/8 | €8,804 | €17,333 | +€8,529 | +96.9% |
| Other loans | 439 | €6,070 | €6,181 | +€111 | +1.8% |
| Trade debts | 44 | €10,571 | €4,987 | -€5,584 | -52.8% |
| Suppliers | 440/4 | €10,571 | €4,987 | -€5,584 | -52.8% |
| Taxes, remuneration and social security | 45 | €22,168 | €11,133 | -€11,035 | -49.8% |
| Taxes | 450/3 | €11,007 | €11,133 | +€126 | +1.1% |
| Remuneration and social security | 454/9 | €11,160 | - | -€11,160 | |
| Other amounts payable | 47/48 | €10,787 | €11,481 | +€694 | +6.4% |
| Accrued charges and deferred income | 492/3 | €1,770 | €1,336 | -€435 | -24.6% |
| Remuneration, social security and pensions | 62 | €28,738 | €6,600 | -€22,138 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,819 | €16,882 | +€63 | +0.4% |
| Other operating charges | 640/8 | €2,407 | €2,355 | -€52 | -2.2% |
| Non-recurring operating charges | 66A | €7,650 | - | -€7,650 | |
| Gross operating margin | 9900 | €86,083 | €71,700 | -€14,383 | -16.7% |
| Operating profit (loss) | 9901 | €30,469 | €45,863 | +€15,395 | +50.5% |
| Financial income | 75/76B | €4,591 | €11 | -€4,580 | -99.8% |
| Recurring financial income | 75 | €71 | €11 | -€60 | -84.5% |
| Non-recurring financial income | 76B | €4,520 | - | -€4,520 | |
| Financial charges | 65/66B | €27,045 | €17,382 | -€9,662 | -35.7% |
| Recurring financial charges | 65 | €27,045 | €17,382 | -€9,662 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €8,015 | €28,492 | +€20,477 | +255% |
| Income taxes | 67/77 | €1,918 | €5,541 | +€3,624 | +189% |
| Profit (loss) for the period | 9904 | €6,097 | €22,951 | +€16,854 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €6,097 | €22,951 | +€16,854 | +276% |
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 13 October 2026 via checked.be.