KNC FIRST: 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.
KNC FIRST
Largest movements
- Tangible fixed assets +€29,327
up €29,327 (+319.8%), from €9,171 to €38,497
- Cash -€4,546
down €4,546 (-74.3%), from €6,120 to €1,574
mainly Investment in fixed assets (net) (-€38,450) and Receivables within one year (-€3,783)
- Receivables within one year +€3,783
up €3,783 (+130.6%), from €2,897 to €6,679
of which Trade receivables: +€5,052
- Financial fixed assets +€562
new in 2025: €562
- Tax, wage and social debts +€18,023
new in 2025: €18,023
- Profit (loss) carried forward +€7,751
up €7,751 (+77.0%), from -€10,069 to -€2,318
- Other debts +€2,981
up €2,981 (+30.9%), from €9,656 to €12,637
- Turnover +€36,801
up €36,801 (+121.7%), from €30,239 to €67,040
- Purchases and services +€24,823
up €24,823 (+123.5%), from €20,100 to €44,923
- Gross operating margin +€11,977
up €11,977 (+118.1%), from €10,139 to €22,116
- Depreciation +€5,749
up €5,749 (+204.4%), from €2,813 to €8,561
- Staff costs +€4,744
new in 2025: €4,744
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 | €18,187 | €47,312 | +€29,125 | +160.1% |
| Fixed assets | 21/28 | €9,171 | €39,059 | +€29,888 | +325.9% |
| Tangible fixed assets | 22/27 | €9,171 | €38,497 | +€29,327 | +319.8% |
| Furniture and vehicles | 24 | €9,171 | €38,497 | +€29,327 | +319.8% |
| Financial fixed assets | 28 | - | €562 | +€562 | |
| Current assets | 29/58 | €9,016 | €8,254 | -€763 | -8.5% |
| Amounts receivable within one year | 40/41 | €2,897 | €6,679 | +€3,783 | +130.6% |
| Trade receivables | 40 | - | €5,052 | +€5,052 | |
| Other amounts receivable | 41 | €2,897 | €1,627 | -€1,270 | -43.8% |
| Cash at bank and in hand | 54/58 | €6,120 | €1,574 | -€4,546 | -74.3% |
| Total equity and liabilities | 10/49 | €18,187 | €47,312 | +€29,125 | +160.1% |
| Equity | 10/15 | €8,531 | €16,282 | +€7,751 | +90.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,069 | -€2,318 | +€7,751 | +77.0% |
| Amounts payable | 17/49 | €9,656 | €31,031 | +€21,374 | +221.3% |
| Amounts payable within one year | 42/48 | €9,656 | €31,031 | +€21,374 | +221.3% |
| Trade debts | 44 | - | €371 | +€371 | |
| Suppliers | 440/4 | - | €371 | +€371 | |
| Taxes, remuneration and social security | 45 | - | €18,023 | +€18,023 | |
| Remuneration and social security | 454/9 | - | €18,023 | +€18,023 | |
| Other amounts payable | 47/48 | €9,656 | €12,637 | +€2,981 | +30.9% |
| Turnover | 70 | €30,239 | €67,040 | +€36,801 | +121.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €20,100 | €44,923 | +€24,823 | +123.5% |
| Remuneration, social security and pensions | 62 | - | €4,744 | +€4,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €8,561 | +€5,749 | +204.4% |
| Other operating charges | 640/8 | €1,024 | €812 | -€212 | -20.7% |
| Gross operating margin | 9900 | €10,139 | €22,116 | +€11,977 | +118.1% |
| Operating profit (loss) | 9901 | €6,302 | €7,999 | +€1,697 | +26.9% |
| Financial charges | 65/66B | - | €248 | +€248 | |
| Recurring financial charges | 65 | - | €248 | +€248 | |
| Profit (loss) for the period before taxes | 9903 | €6,302 | €7,751 | +€1,449 | +23.0% |
| Profit (loss) for the period | 9904 | €6,302 | €7,751 | +€1,449 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,302 | €7,751 | +€1,449 | +23.0% |
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 3 October 2026 via checked.be.