KNEES-UP: 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.
KNEES-UP
Largest movements
- Cash +€19,589
up €19,589 (+23.6%), from €82,974 to €102,563
mainly Net result for the year (+€170,708) and Depreciation (+€11,203)
- Tangible fixed assets -€11,203
down €11,203 (-26.3%), from €42,524 to €31,321
of which Furniture and vehicles: -€6,894
- Receivables within one year -€5,677
down €5,677 (-100%), from €5,677 to €0
- Deferred charges and accrued income -€4,163
down €4,163 (-4.4%), from €94,740 to €90,577
- Current portion of long-term debt -€10,191
down €10,191 (-100%), from €10,191 to €0
- Tax, wage and social debts +€8,618
up €8,618 (+57.1%), from €15,092 to €23,709
- Other debts +€7,897
up €7,897 (+4.6%), from €172,379 to €180,277
- Trade debts -€4,472
down €4,472 (-70.5%), from €6,347 to €1,875
- Staff costs -€2,528
down €2,528 (-23.5%), from €10,744 to €8,216
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 | €225,915 | €224,461 | -€1,454 | -0.6% |
| Fixed assets | 21/28 | €42,524 | €31,321 | -€11,203 | -26.3% |
| Tangible fixed assets | 22/27 | €42,524 | €31,321 | -€11,203 | -26.3% |
| Land and buildings | 22 | €15,200 | €10,891 | -€4,310 | -28.4% |
| Furniture and vehicles | 24 | €27,324 | €20,430 | -€6,894 | -25.2% |
| Current assets | 29/58 | €183,391 | €193,140 | +€9,749 | +5.3% |
| Amounts receivable within one year | 40/41 | €5,677 | €0 | -€5,677 | -100% |
| Other amounts receivable | 41 | €5,677 | €0 | -€5,677 | -100% |
| Cash at bank and in hand | 54/58 | €82,974 | €102,563 | +€19,589 | +23.6% |
| Deferred charges and accrued income | 490/1 | €94,740 | €90,577 | -€4,163 | -4.4% |
| Total equity and liabilities | 10/49 | €225,915 | €224,461 | -€1,454 | -0.6% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,455 | €205,861 | +€406 | +0.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €204,009 | €205,861 | +€1,852 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €10,191 | €0 | -€10,191 | -100% |
| Trade debts | 44 | €6,347 | €1,875 | -€4,472 | -70.5% |
| Suppliers | 440/4 | €6,347 | €1,875 | -€4,472 | -70.5% |
| Taxes, remuneration and social security | 45 | €15,092 | €23,709 | +€8,618 | +57.1% |
| Taxes | 450/3 | €15,092 | €23,709 | +€8,618 | +57.1% |
| Other amounts payable | 47/48 | €172,379 | €180,277 | +€7,897 | +4.6% |
| Accrued charges and deferred income | 492/3 | €1,446 | €0 | -€1,446 | -100% |
| Remuneration, social security and pensions | 62 | €10,744 | €8,216 | -€2,528 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,521 | €11,203 | -€318 | -2.8% |
| Other operating charges | 640/8 | €993 | €1,015 | +€22 | +2.2% |
| Gross operating margin | 9900 | €244,366 | €245,154 | +€788 | +0.3% |
| Operating profit (loss) | 9901 | €221,108 | €224,720 | +€3,612 | +1.6% |
| Financial income | 75/76B | €286 | €200 | -€86 | -30.1% |
| Recurring financial income | 75 | €286 | €200 | -€86 | -30.1% |
| Financial charges | 65/66B | €519 | €490 | -€29 | -5.6% |
| Recurring financial charges | 65 | €519 | €490 | -€29 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €220,875 | €224,430 | +€3,555 | +1.6% |
| Income taxes | 67/77 | €52,816 | €53,722 | +€906 | +1.7% |
| Profit (loss) for the period | 9904 | €168,059 | €170,708 | +€2,649 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €168,059 | €170,708 | +€2,649 | +1.6% |
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 27 October 2026 via checked.be.