KNEE10: 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.
KNEE10
Largest movements
- Receivables within one year +€77,310
up €77,310 (+86.2%), from €89,642 to €166,952
- Other debts +€166,391
up €166,391 (+173%), from €96,209 to €262,600
- Current portion of long-term debt -€48,794
down €48,794 (-39.7%), from €122,854 to €74,059
- Debts after one year -€32,419
down €32,419 (-6.0%), from €538,898 to €506,479
- Gross operating margin +€38,494
up €38,494 (+10.8%), from €354,845 to €393,338
- Taxes +€15,714
up €15,714 (+18.9%), from €83,096 to €98,810
- Financial charges +€11,003
up €11,003 (+83.3%), from €13,216 to €24,219
- Other operating charges -€8,254
down €8,254 (-89.0%), from €9,271 to €1,017
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 | €850,656 | €937,466 | +€86,810 | +10.2% |
| Fixed assets | 21/28 | €582,147 | €585,187 | +€3,040 | +0.5% |
| Tangible fixed assets | 22/27 | €582,147 | €585,187 | +€3,040 | +0.5% |
| Plant, machinery and equipment | 23 | €789 | €194 | -€595 | -75.4% |
| Furniture and vehicles | 24 | €14,577 | €18,209 | +€3,632 | +24.9% |
| Other tangible fixed assets | 26 | €566,781 | €566,784 | +€3 | 0.0% |
| Current assets | 29/58 | €268,508 | €352,279 | +€83,771 | +31.2% |
| Amounts receivable within one year | 40/41 | €89,642 | €166,952 | +€77,310 | +86.2% |
| Other amounts receivable | 41 | €89,642 | €166,952 | +€77,310 | +86.2% |
| Cash at bank and in hand | 54/58 | €31,026 | €33,026 | +€2,000 | +6.4% |
| Deferred charges and accrued income | 490/1 | €147,840 | €152,301 | +€4,461 | +3.0% |
| Total equity and liabilities | 10/49 | €850,656 | €937,466 | +€86,810 | +10.2% |
| Equity | 10/15 | €22,375 | €22,375 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,915 | €1,915 | = | 0.0% |
| Amounts payable | 17/49 | €828,280 | €915,091 | +€86,810 | +10.5% |
| Amounts payable after more than one year | 17 | €538,898 | €506,479 | -€32,419 | -6.0% |
| Financial debts | 170/4 | €538,898 | €506,479 | -€32,419 | -6.0% |
| Amounts payable within one year | 42/48 | €289,382 | €408,611 | +€119,229 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €122,854 | €74,059 | -€48,794 | -39.7% |
| Trade debts | 44 | €11,504 | €8,626 | -€2,878 | -25.0% |
| Suppliers | 440/4 | €11,504 | €8,626 | -€2,878 | -25.0% |
| Taxes, remuneration and social security | 45 | €58,815 | €63,326 | +€4,510 | +7.7% |
| Taxes | 450/3 | €58,815 | €63,326 | +€4,510 | +7.7% |
| Other amounts payable | 47/48 | €96,209 | €262,600 | +€166,391 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,667 | €8,163 | +€1,496 | +22.4% |
| Other operating charges | 640/8 | €9,271 | €1,017 | -€8,254 | -89.0% |
| Gross operating margin | 9900 | €354,845 | €393,338 | +€38,494 | +10.8% |
| Operating profit (loss) | 9901 | €338,906 | €384,159 | +€45,252 | +13.4% |
| Financial income | 75/76B | €1,809 | €1,470 | -€339 | -18.7% |
| Recurring financial income | 75 | €1,809 | €1,470 | -€339 | -18.7% |
| Financial charges | 65/66B | €13,216 | €24,219 | +€11,003 | +83.3% |
| Recurring financial charges | 65 | €13,216 | €24,219 | +€11,003 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €327,499 | €361,409 | +€33,910 | +10.4% |
| Income taxes | 67/77 | €83,096 | €98,810 | +€15,714 | +18.9% |
| Profit (loss) for the period | 9904 | €244,403 | €262,600 | +€18,197 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €244,403 | €262,600 | +€18,197 | +7.4% |
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 16 October 2026 via checked.be.