KNB RENOVATION: 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.
KNB RENOVATION
Largest movements
- Receivables within one year -€21,867
down €21,867 (-29.7%), from €73,672 to €51,805
of which Trade receivables: -€38,342
- Tangible fixed assets +€17,737
up €17,737 (+6.5%), from €274,416 to €292,153
of which Furniture and vehicles: +€20,761
- Deferred charges and accrued income +€4,716
up €4,716 (+421%), from €1,119 to €5,835
- Profit (loss) carried forward +€13,362
up €13,362 (+7.5%), from €177,094 to €190,456
- Other debts +€10,343
up €10,343 (+30.4%), from €34,000 to €44,343
- Debts after one year -€10,298
down €10,298 (-18.3%), from €56,139 to €45,841
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Current portion of long-term debt +€5,940
up €5,940 (+23.7%), from €25,103 to €31,043
- Gross operating margin +€27,818
up €27,818 (+106%), from €26,184 to €54,001
- Write-downs +€18,723
new in 2025: €18,723
- Taxes +€1,686
up €1,686 (+58.5%), from €2,885 to €4,571
- Depreciation +€1,376
up €1,376 (+11.9%), from €11,557 to €12,933
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 | €378,451 | €378,508 | +€57 | 0.0% |
| Fixed assets | 21/28 | €274,907 | €292,644 | +€17,737 | +6.5% |
| Tangible fixed assets | 22/27 | €274,416 | €292,153 | +€17,737 | +6.5% |
| Land and buildings | 22 | €268,040 | €258,611 | -€9,429 | -3.5% |
| Plant, machinery and equipment | 23 | €512 | €6,917 | +€6,405 | +1,251% |
| Furniture and vehicles | 24 | €5,864 | €26,624 | +€20,761 | +354% |
| Financial fixed assets | 28 | €492 | €492 | = | 0.0% |
| Current assets | 29/58 | €103,543 | €85,863 | -€17,680 | -17.1% |
| Amounts receivable within one year | 40/41 | €73,672 | €51,805 | -€21,867 | -29.7% |
| Trade receivables | 40 | €68,472 | €30,130 | -€38,342 | -56.0% |
| Other amounts receivable | 41 | €5,200 | €21,676 | +€16,475 | +317% |
| Cash at bank and in hand | 54/58 | €28,752 | €28,223 | -€529 | -1.8% |
| Deferred charges and accrued income | 490/1 | €1,119 | €5,835 | +€4,716 | +421% |
| Total equity and liabilities | 10/49 | €378,451 | €378,508 | +€57 | 0.0% |
| Equity | 10/15 | €201,604 | €214,966 | +€13,362 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,310 | €18,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,450 | €16,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,094 | €190,456 | +€13,362 | +7.5% |
| Amounts payable | 17/49 | €176,847 | €163,541 | -€13,305 | -7.5% |
| Amounts payable after more than one year | 17 | €56,139 | €45,841 | -€10,298 | -18.3% |
| Financial debts | 170/4 | €56,139 | €45,841 | -€10,298 | -18.3% |
| Amounts payable within one year | 42/48 | €120,707 | €117,700 | -€3,007 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €25,103 | €31,043 | +€5,940 | +23.7% |
| Trade debts | 44 | €43,721 | €38,858 | -€4,863 | -11.1% |
| Suppliers | 440/4 | €43,721 | €38,858 | -€4,863 | -11.1% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €7,883 | €3,456 | -€4,427 | -56.2% |
| Taxes | 450/3 | €5,498 | €180 | -€5,318 | -96.7% |
| Remuneration and social security | 454/9 | €2,385 | €3,276 | +€891 | +37.3% |
| Other amounts payable | 47/48 | €34,000 | €44,343 | +€10,343 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €12,933 | +€1,376 | +11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,723 | +€18,723 | |
| Other operating charges | 640/8 | €2,215 | €2,065 | -€150 | -6.8% |
| Gross operating margin | 9900 | €26,184 | €54,001 | +€27,818 | +106% |
| Operating profit (loss) | 9901 | €12,412 | €20,280 | +€7,868 | +63.4% |
| Financial income | 75/76B | €139 | €84 | -€56 | -40.0% |
| Recurring financial income | 75 | €139 | €84 | -€56 | -40.0% |
| Financial charges | 65/66B | €2,399 | €2,430 | +€31 | +1.3% |
| Recurring financial charges | 65 | €2,399 | €2,430 | +€31 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €10,153 | €17,933 | +€7,781 | +76.6% |
| Income taxes | 67/77 | €2,885 | €4,571 | +€1,686 | +58.5% |
| Profit (loss) for the period | 9904 | €7,268 | €13,362 | +€6,095 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,268 | €13,362 | +€6,095 | +83.9% |
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 18 October 2026 via checked.be.