KNEBO: 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.
KNEBO
Largest movements
- Cash +€7,248
up €7,248 (+25.5%), from €28,411 to €35,659
mainly Receivables within one year (+€2,795) and Net result for the year (+€1,359)
- Receivables within one year -€2,795
down €2,795 (-24.7%), from €11,335 to €8,540
of which Trade receivables: -€3,257
- Stocks and contracts +€991
up €991 (+5.9%), from €16,681 to €17,673
of which Contracts in progress: +€1,250
- Reserves +€1,359
up €1,359 (+14.2%), from €9,546 to €10,906
of which Distributable reserves: +€1,359
- Other debts +€1,306
up €1,306 (+4.7%), from €27,714 to €29,020
- Accrued charges and deferred income +€1,290
new in 2025: €1,290
- Gross operating margin -€3,807
down €3,807 (-37.2%), from €10,229 to €6,422
- Taxes -€788
down €788 (-34.5%), from €2,282 to €1,495
- Financial charges +€491
up €491 (+28.6%), from €1,717 to €2,208
- Depreciation -€219
down €219 (-29.1%), from €750 to €531
- Other operating charges +€194
up €194 (+30.4%), from €639 to €834
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 | €58,334 | €63,247 | +€4,913 | +8.4% |
| Fixed assets | 21/28 | €1,907 | €1,375 | -€531 | -27.9% |
| Tangible fixed assets | 22/27 | €1,907 | €1,375 | -€531 | -27.9% |
| Plant, machinery and equipment | 23 | €1,907 | €1,375 | -€531 | -27.9% |
| Current assets | 29/58 | €56,427 | €61,872 | +€5,444 | +9.6% |
| Stocks and contracts in progress | 3 | €16,681 | €17,673 | +€991 | +5.9% |
| Stocks | 30/36 | €1,001 | €743 | -€259 | -25.8% |
| Contracts in progress | 37 | €15,680 | €16,930 | +€1,250 | +8.0% |
| Amounts receivable within one year | 40/41 | €11,335 | €8,540 | -€2,795 | -24.7% |
| Trade receivables | 40 | €11,115 | €7,857 | -€3,257 | -29.3% |
| Other amounts receivable | 41 | €220 | €683 | +€462 | +209.8% |
| Cash at bank and in hand | 54/58 | €28,411 | €35,659 | +€7,248 | +25.5% |
| Total equity and liabilities | 10/49 | €58,334 | €63,247 | +€4,913 | +8.4% |
| Equity | 10/15 | €28,146 | €29,506 | +€1,359 | +4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,546 | €10,906 | +€1,359 | +14.2% |
| Non-distributable reserves | 130/1 | €495 | €495 | = | 0.0% |
| Reserves not available under the articles | 1311 | €495 | €495 | = | 0.0% |
| Distributable reserves | 133 | €9,051 | €10,410 | +€1,359 | +15.0% |
| Amounts payable | 17/49 | €30,188 | €33,742 | +€3,554 | +11.8% |
| Amounts payable within one year | 42/48 | €30,188 | €32,452 | +€2,264 | +7.5% |
| Trade debts | 44 | €1,582 | €1,998 | +€415 | +26.2% |
| Suppliers | 440/4 | €1,582 | €1,998 | +€415 | +26.2% |
| Taxes, remuneration and social security | 45 | €892 | €1,434 | +€542 | +60.8% |
| Taxes | 450/3 | €892 | €1,434 | +€542 | +60.8% |
| Other amounts payable | 47/48 | €27,714 | €29,020 | +€1,306 | +4.7% |
| Accrued charges and deferred income | 492/3 | - | €1,290 | +€1,290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €531 | -€219 | -29.1% |
| Other operating charges | 640/8 | €639 | €834 | +€194 | +30.4% |
| Gross operating margin | 9900 | €10,229 | €6,422 | -€3,807 | -37.2% |
| Operating profit (loss) | 9901 | €8,839 | €5,056 | -€3,783 | -42.8% |
| Financial income | 75/76B | €4 | €6 | +€2 | +64.0% |
| Recurring financial income | 75 | €4 | €6 | +€2 | +64.0% |
| Financial charges | 65/66B | €1,717 | €2,208 | +€491 | +28.6% |
| Recurring financial charges | 65 | €1,717 | €2,208 | +€491 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €7,126 | €2,854 | -€4,272 | -59.9% |
| Income taxes | 67/77 | €2,282 | €1,495 | -€788 | -34.5% |
| Profit (loss) for the period | 9904 | €4,843 | €1,359 | -€3,484 | -71.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,843 | €1,359 | -€3,484 | -71.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.