KneMarCo: 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.
KneMarCo
Largest movements
- Receivables within one year -€149,342
down €149,342 (-97.4%), from €153,370 to €4,028
of which Other amounts receivable: -€90,972
- Cash +€106,578
up €106,578 (+40.6%), from €262,721 to €369,298
mainly Receivables within one year (+€149,342) and Other debts (+€79,238)
- Tangible fixed assets -€29,200
down €29,200 (-6.5%), from €448,872 to €419,671
of which Land and buildings: -€17,293
- Financial fixed assets -€10,000
down €10,000 (-100%), from €10,000 to €0
- Reserves -€141,959
down €141,959 (-22.3%), from €636,044 to €494,085
- Other debts +€79,238
up €79,238 (+79.1%), from €100,162 to €179,400
- Debts after one year -€13,857
down €13,857 (-15.6%), from €88,667 to €74,810
- Gross operating margin -€258,329
down €258,329, from €256,406 to -€1,923
- Financial income +€69,954
up €69,954 (+149%), from €46,936 to €116,890
of which Non-recurring financial income: +€99,682
- Taxes -€47,605
down €47,605 (-86.4%), from €55,129 to €7,524
- Depreciation -€4,693
down €4,693 (-19.9%), from €23,639 to €18,947
- Financial charges +€4,136
up €4,136 (+110%), from €3,750 to €7,886
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 | €877,307 | €793,534 | -€83,774 | -9.5% |
| Fixed assets | 21/28 | €458,872 | €419,671 | -€39,200 | -8.5% |
| Tangible fixed assets | 22/27 | €448,872 | €419,671 | -€29,200 | -6.5% |
| Land and buildings | 22 | €436,239 | €418,946 | -€17,293 | -4.0% |
| Furniture and vehicles | 24 | €12,632 | €725 | -€11,907 | -94.3% |
| Financial fixed assets | 28 | €10,000 | €0 | -€10,000 | -100% |
| Current assets | 29/58 | €418,436 | €373,863 | -€44,573 | -10.7% |
| Amounts receivable within one year | 40/41 | €153,370 | €4,028 | -€149,342 | -97.4% |
| Trade receivables | 40 | €58,370 | €0 | -€58,370 | -100% |
| Other amounts receivable | 41 | €95,000 | €4,028 | -€90,972 | -95.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €262,721 | €369,298 | +€106,578 | +40.6% |
| Deferred charges and accrued income | 490/1 | €2,345 | €536 | -€1,809 | -77.1% |
| Total equity and liabilities | 10/49 | €877,307 | €793,534 | -€83,774 | -9.5% |
| Equity | 10/15 | €654,644 | €512,685 | -€141,959 | -21.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €636,044 | €494,085 | -€141,959 | -22.3% |
| Distributable reserves | 133 | €636,044 | €494,085 | -€141,959 | -22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €222,663 | €280,849 | +€58,186 | +26.1% |
| Amounts payable after more than one year | 17 | €88,667 | €74,810 | -€13,857 | -15.6% |
| Financial debts | 170/4 | €88,667 | €74,810 | -€13,857 | -15.6% |
| Amounts payable within one year | 42/48 | €129,942 | €201,985 | +€72,042 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €13,662 | €13,857 | +€195 | +1.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €16,119 | €8,728 | -€7,391 | -45.9% |
| Taxes | 450/3 | €16,119 | €8,728 | -€7,391 | -45.9% |
| Other amounts payable | 47/48 | €100,162 | €179,400 | +€79,238 | +79.1% |
| Accrued charges and deferred income | 492/3 | €4,054 | €4,054 | = | 0.0% |
| Non-recurring operating income | 76A | €10,250 | €0 | -€10,250 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,639 | €18,947 | -€4,693 | -19.9% |
| Other operating charges | 640/8 | €3,626 | €3,972 | +€346 | +9.5% |
| Non-recurring operating charges | 66A | - | €1,403 | +€1,403 | |
| Gross operating margin | 9900 | €256,406 | -€1,923 | -€258,329 | |
| Operating profit (loss) | 9901 | €229,140 | -€26,246 | -€255,386 | |
| Financial income | 75/76B | €46,936 | €116,890 | +€69,954 | +149% |
| Recurring financial income | 75 | €46,936 | €17,208 | -€29,728 | -63.3% |
| Non-recurring financial income | 76B | - | €99,682 | +€99,682 | |
| Financial charges | 65/66B | €3,750 | €7,886 | +€4,136 | +110% |
| Recurring financial charges | 65 | €3,750 | €7,886 | +€4,136 | +110% |
| Profit (loss) for the period before taxes | 9903 | €272,326 | €82,759 | -€189,567 | -69.6% |
| Income taxes | 67/77 | €55,129 | €7,524 | -€47,605 | -86.4% |
| Profit (loss) for the period | 9904 | €217,198 | €75,236 | -€141,962 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €217,198 | €75,236 | -€141,962 | -65.4% |
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 20 October 2026 via checked.be.