KNET: 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.
KNET
Largest movements
- Receivables within one year -€102,163
down €102,163 (-24.7%), from €413,332 to €311,170
of which Other amounts receivable: -€89,462
- Current investments -€98,077
no longer reported in 2025 (was €98,077)
- Receivables after one year +€75,492
up €75,492 (+46.1%), from €163,689 to €239,181
- Cash +€73,653
up €73,653 (+5168.8%), from €1,425 to €75,078
- Tangible fixed assets -€67,441
down €67,441 (-15.0%), from €449,598 to €382,157
of which Land and buildings: -€60,779
- Reserves -€392,754
down €392,754 (-51.3%), from €766,145 to €373,390
of which Distributable reserves: -€392,754
- Other debts +€313,764
new in 2025: €313,764
- Debts after one year -€109,527
down €109,527 (-41.1%), from €266,369 to €156,842
- Tax, wage and social debts +€55,993
up €55,993 (+239.0%), from €23,424 to €79,417
- Short-term financial debts +€25,764
new in 2025: €25,764
- Gross operating margin +€124,661
up €124,661 (+222.0%), from €56,148 to €180,809
- Taxes +€41,709
up €41,709 (+601.6%), from €6,933 to €48,642
- Depreciation -€7,444
down €7,444 (-20.1%), from €36,994 to €29,550
- Financial charges +€5,844
up €5,844 (+116.7%), from €5,007 to €10,851
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,126,758 | €1,007,585 | -€119,172 | -10.6% |
| Fixed assets | 21/28 | €449,853 | €382,157 | -€67,696 | -15.0% |
| Tangible fixed assets | 22/27 | €449,598 | €382,157 | -€67,441 | -15.0% |
| Land and buildings | 22 | €394,936 | €334,157 | -€60,779 | -15.4% |
| Furniture and vehicles | 24 | €48,000 | €48,000 | = | 0.0% |
| Other tangible fixed assets | 26 | €6,662 | - | -€6,662 | |
| Financial fixed assets | 28 | €255 | - | -€255 | |
| Current assets | 29/58 | €676,905 | €625,429 | -€51,476 | -7.6% |
| Amounts receivable after more than one year | 29 | €163,689 | €239,181 | +€75,492 | +46.1% |
| Other amounts receivable | 291 | €163,689 | €239,181 | +€75,492 | +46.1% |
| Amounts receivable within one year | 40/41 | €413,332 | €311,170 | -€102,163 | -24.7% |
| Trade receivables | 40 | €320,133 | €307,432 | -€12,701 | -4.0% |
| Other amounts receivable | 41 | €93,199 | €3,738 | -€89,462 | -96.0% |
| Current investments | 50/53 | €98,077 | - | -€98,077 | |
| Cash at bank and in hand | 54/58 | €1,425 | €75,078 | +€73,653 | +5168.8% |
| Deferred charges and accrued income | 490/1 | €381 | - | -€381 | |
| Total equity and liabilities | 10/49 | €1,126,758 | €1,007,585 | -€119,172 | -10.6% |
| Equity | 10/15 | €772,345 | €379,590 | -€392,754 | -50.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €766,145 | €373,390 | -€392,754 | -51.3% |
| Non-distributable reserves | 130/1 | €7,820 | €7,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,820 | €7,820 | = | 0.0% |
| Distributable reserves | 133 | €758,325 | €365,570 | -€392,754 | -51.8% |
| Amounts payable | 17/49 | €354,413 | €627,995 | +€273,582 | +77.2% |
| Amounts payable after more than one year | 17 | €266,369 | €156,842 | -€109,527 | -41.1% |
| Financial debts | 170/4 | €266,369 | €156,842 | -€109,527 | -41.1% |
| Amounts payable within one year | 42/48 | €88,044 | €471,153 | +€383,109 | +435.1% |
| Current portion of amounts payable after more than one year | 42 | €47,698 | €36,960 | -€10,738 | -22.5% |
| Financial debts | 43 | - | €25,764 | +€25,764 | |
| Credit institutions | 430/8 | - | €25,764 | +€25,764 | |
| Trade debts | 44 | €16,922 | €15,247 | -€1,675 | -9.9% |
| Suppliers | 440/4 | €16,922 | €15,247 | -€1,675 | -9.9% |
| Taxes, remuneration and social security | 45 | €23,424 | €79,417 | +€55,993 | +239.0% |
| Taxes | 450/3 | €23,424 | €79,417 | +€55,993 | +239.0% |
| Other amounts payable | 47/48 | - | €313,764 | +€313,764 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,994 | €29,550 | -€7,444 | -20.1% |
| Other operating charges | 640/8 | €3,836 | €3,438 | -€399 | -10.4% |
| Gross operating margin | 9900 | €56,148 | €180,809 | +€124,661 | +222.0% |
| Operating profit (loss) | 9901 | €15,318 | €147,822 | +€132,504 | +865.0% |
| Financial income | 75/76B | €8,113 | €8,499 | +€386 | +4.8% |
| Recurring financial income | 75 | €8,113 | €8,499 | +€386 | +4.8% |
| Non-recurring financial income | 76B | - | €8,499 | +€8,499 | |
| Financial charges | 65/66B | €5,007 | €10,851 | +€5,844 | +116.7% |
| Recurring financial charges | 65 | €5,007 | €10,851 | +€5,844 | +116.7% |
| Profit (loss) for the period before taxes | 9903 | €18,423 | €145,469 | +€127,046 | +689.6% |
| Income taxes | 67/77 | €6,933 | €48,642 | +€41,709 | +601.6% |
| Profit (loss) for the period | 9904 | €11,490 | €96,827 | +€85,337 | +742.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,490 | €96,827 | +€85,337 | +742.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.