KNECHT SERVICE: 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.
KNECHT SERVICE
Largest movements
- Tangible fixed assets +€46,095
up €46,095 (+12.0%), from €385,106 to €431,200
of which Leasing and similar rights: +€44,921
- Cash -€13,447
down €13,447 (-34.5%), from €38,992 to €25,544
mainly Investment in fixed assets (net) (-€93,660) and Receivables within one year (-€4,385)
- Tax, wage and social debts +€15,495
up €15,495 (+72.4%), from €21,412 to €36,907
of which Taxes: +€15,670
- Trade debts +€12,280
up €12,280 (+553%), from €2,219 to €14,500
- Profit (loss) carried forward +€8,765
up €8,765 (+3.5%), from €251,925 to €260,690
- Gross operating margin -€47,486
down €47,486 (-26.8%), from €176,958 to €129,472
- Staff costs -€37,623
down €37,623 (-32.2%), from €116,709 to €79,085
- Financial income +€18,691
up €18,691 (+1,252%), from €1,493 to €20,185
- Depreciation -€2,887
down €2,887 (-5.7%), from €50,452 to €47,565
- Taxes +€2,699
up €2,699 (+984%), from €274 to €2,973
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 | €540,471 | €573,601 | +€33,130 | +6.1% |
| Fixed assets | 21/28 | €385,156 | €431,250 | +€46,095 | +12.0% |
| Tangible fixed assets | 22/27 | €385,106 | €431,200 | +€46,095 | +12.0% |
| Land and buildings | 22 | €343,619 | €322,486 | -€21,133 | -6.2% |
| Plant, machinery and equipment | 23 | €21,156 | €47,045 | +€25,888 | +122% |
| Furniture and vehicles | 24 | €9,107 | €5,526 | -€3,581 | -39.3% |
| Leasing and similar rights | 25 | €11,223 | €56,144 | +€44,921 | +400% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €155,316 | €142,351 | -€12,965 | -8.3% |
| Amounts receivable after more than one year | 29 | €68,074 | €62,339 | -€5,735 | -8.4% |
| Other amounts receivable | 291 | €68,074 | €62,339 | -€5,735 | -8.4% |
| Amounts receivable within one year | 40/41 | €32,743 | €37,128 | +€4,385 | +13.4% |
| Trade receivables | 40 | €22,878 | €28,366 | +€5,488 | +24.0% |
| Other amounts receivable | 41 | €9,865 | €8,762 | -€1,103 | -11.2% |
| Cash at bank and in hand | 54/58 | €38,992 | €25,544 | -€13,447 | -34.5% |
| Deferred charges and accrued income | 490/1 | €15,506 | €17,339 | +€1,833 | +11.8% |
| Total equity and liabilities | 10/49 | €540,471 | €573,601 | +€33,130 | +6.1% |
| Equity | 10/15 | €306,870 | €315,635 | +€8,765 | +2.9% |
| Contributions | 10/11 | €49,950 | €49,950 | = | 0.0% |
| Reserves | 13 | €4,995 | €4,995 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,995 | €4,995 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,995 | €4,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | €251,925 | €260,690 | +€8,765 | +3.5% |
| Amounts payable | 17/49 | €233,601 | €257,966 | +€24,365 | +10.4% |
| Amounts payable after more than one year | 17 | €162,298 | €160,728 | -€1,570 | -1.0% |
| Financial debts | 170/4 | €162,298 | €160,728 | -€1,570 | -1.0% |
| Amounts payable within one year | 42/48 | €71,303 | €97,239 | +€25,936 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €43,972 | €44,409 | +€438 | +1.0% |
| Trade debts | 44 | €2,219 | €14,500 | +€12,280 | +553% |
| Suppliers | 440/4 | €2,219 | €14,500 | +€12,280 | +553% |
| Taxes, remuneration and social security | 45 | €21,412 | €36,907 | +€15,495 | +72.4% |
| Taxes | 450/3 | €12,625 | €28,296 | +€15,670 | +124% |
| Remuneration and social security | 454/9 | €8,787 | €8,612 | -€175 | -2.0% |
| Other amounts payable | 47/48 | €3,700 | €1,423 | -€2,277 | -61.6% |
| Remuneration, social security and pensions | 62 | €116,709 | €79,085 | -€37,623 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,452 | €47,565 | -€2,887 | -5.7% |
| Other operating charges | 640/8 | €3,772 | €3,088 | -€684 | -18.1% |
| Gross operating margin | 9900 | €176,958 | €129,472 | -€47,486 | -26.8% |
| Operating profit (loss) | 9901 | €6,025 | -€266 | -€6,292 | |
| Financial income | 75/76B | €1,493 | €20,185 | +€18,691 | +1,252% |
| Recurring financial income | 75 | €1,493 | €20,185 | +€18,691 | +1,252% |
| Financial charges | 65/66B | €7,194 | €8,181 | +€987 | +13.7% |
| Recurring financial charges | 65 | €7,194 | €8,181 | +€987 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €325 | €11,738 | +€11,413 | +3,511% |
| Income taxes | 67/77 | €274 | €2,973 | +€2,699 | +984% |
| Profit (loss) for the period | 9904 | €51 | €8,765 | +€8,714 | +17,150% |
| Profit (loss) for the period to be appropriated | 9905 | €51 | €8,765 | +€8,714 | +17,150% |
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 26 October 2026 via checked.be.