KNAPP: 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.
KNAPP
Largest movements
- Cash +€10,059
up €10,059 (+113.0%), from €8,899 to €18,958
mainly Depreciation (+€20,910) and Net result for the year (+€16,660)
- Tangible fixed assets -€5,833
down €5,833 (-10.3%), from €56,724 to €50,891
of which Furniture and vehicles: -€10,758
- Receivables within one year -€4,104
down €4,104 (-21.2%), from €19,342 to €15,238
- Intangible fixed assets -€1,368
down €1,368 (-27.5%), from €4,974 to €3,606
- Debts after one year -€17,842
down €17,842 (-22.7%), from €78,465 to €60,624
- Reserves +€9,862
new in 2025: €9,862
- Profit (loss) carried forward +€6,798
no longer reported in 2025 (was -€6,798)
- Gross operating margin +€15,371
up €15,371 (+16.1%), from €95,565 to €110,936
- Taxes +€4,409
up €4,409 (+2419.7%), from €182 to €4,591
- Depreciation +€1,117
up €1,117 (+5.6%), from €19,793 to €20,910
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 | €102,319 | €100,303 | -€2,016 | -2.0% |
| Fixed assets | 21/28 | €61,758 | €54,549 | -€7,209 | -11.7% |
| Intangible fixed assets | 21 | €4,974 | €3,606 | -€1,368 | -27.5% |
| Tangible fixed assets | 22/27 | €56,724 | €50,891 | -€5,833 | -10.3% |
| Land and buildings | 22 | €28,074 | €30,255 | +€2,181 | +7.8% |
| Plant, machinery and equipment | 23 | €5,100 | €7,843 | +€2,744 | +53.8% |
| Furniture and vehicles | 24 | €23,550 | €12,793 | -€10,758 | -45.7% |
| Financial fixed assets | 28 | €60 | €52 | -€8 | -13.8% |
| Current assets | 29/58 | €40,561 | €45,754 | +€5,193 | +12.8% |
| Stocks and contracts in progress | 3 | €8,814 | €7,945 | -€869 | -9.9% |
| Stocks | 30/36 | €8,814 | €7,945 | -€869 | -9.9% |
| Amounts receivable within one year | 40/41 | €19,342 | €15,238 | -€4,104 | -21.2% |
| Trade receivables | 40 | €19,342 | €15,238 | -€4,104 | -21.2% |
| Cash at bank and in hand | 54/58 | €8,899 | €18,958 | +€10,059 | +113.0% |
| Deferred charges and accrued income | 490/1 | €3,507 | €3,614 | +€107 | +3.0% |
| Total equity and liabilities | 10/49 | €102,319 | €100,303 | -€2,016 | -2.0% |
| Equity | 10/15 | €9,160 | €25,820 | +€16,660 | +181.9% |
| Contributions | 10/11 | €15,958 | €15,958 | = | 0.0% |
| Reserves | 13 | - | €9,862 | +€9,862 | |
| Distributable reserves | 133 | - | €9,862 | +€9,862 | |
| Profit (loss) carried forward | 14 | -€6,798 | - | +€6,798 | |
| Amounts payable | 17/49 | €93,159 | €74,483 | -€18,676 | -20.0% |
| Amounts payable after more than one year | 17 | €78,465 | €60,624 | -€17,842 | -22.7% |
| Other amounts payable | 178/9 | €78,465 | €60,624 | -€17,842 | -22.7% |
| Amounts payable within one year | 42/48 | €14,693 | €13,859 | -€834 | -5.7% |
| Trade debts | 44 | €5,411 | €5,241 | -€171 | -3.2% |
| Suppliers | 440/4 | €5,411 | €5,241 | -€171 | -3.2% |
| Taxes, remuneration and social security | 45 | €9,282 | €8,618 | -€664 | -7.2% |
| Taxes | 450/3 | €3,302 | €3,616 | +€313 | +9.5% |
| Remuneration and social security | 454/9 | €5,980 | €5,003 | -€977 | -16.3% |
| Remuneration, social security and pensions | 62 | €60,742 | €61,296 | +€553 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,793 | €20,910 | +€1,117 | +5.6% |
| Other operating charges | 640/8 | €5,283 | €6,213 | +€930 | +17.6% |
| Gross operating margin | 9900 | €95,565 | €110,936 | +€15,371 | +16.1% |
| Operating profit (loss) | 9901 | €9,747 | €22,517 | +€12,770 | +131.0% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €1,196 | €1,300 | +€103 | +8.6% |
| Recurring financial charges | 65 | €1,196 | €1,300 | +€103 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €8,551 | €21,251 | +€12,701 | +148.5% |
| Income taxes | 67/77 | €182 | €4,591 | +€4,409 | +2419.7% |
| Profit (loss) for the period | 9904 | €8,368 | €16,660 | +€8,292 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,368 | €16,660 | +€8,292 | +99.1% |
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 28 September 2026 via checked.be.