KNIFE: 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.
KNIFE
Largest movements
- Cash -€12,181
down €12,181 (-28.0%), from €43,572 to €31,391
mainly Net result for the year (-€16,589) and Advances received (-€1,900)
- Stocks and contracts -€4,890
no longer reported in 2025 (was €4,890)
- Tangible fixed assets -€2,917
no longer reported in 2025 (was €2,917)
- Reserves -€16,589
down €16,589 (-47.6%), from €34,837 to €18,248
of which Distributable reserves: -€16,589
- Advances received -€1,900
no longer reported in 2025 (was €1,900)
- Trade debts -€1,069
down €1,069 (-42.6%), from €2,511 to €1,442
- Gross operating margin -€9,238
down €9,238 (-212.2%), from -€4,353 to -€13,592
- Other operating charges -€956
down €956 (-59.8%), from €1,599 to €643
- Financial charges -€471
down €471 (-66.1%), from €712 to €241
- Taxes -€206
down €206 (-61.0%), from €338 to €132
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.
Cash bridge derived
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 | €74,304 | €54,174 | -€20,130 | -27.1% |
| Fixed assets | 21/28 | €2,917 | - | -€2,917 | |
| Tangible fixed assets | 22/27 | €2,917 | - | -€2,917 | |
| Plant, machinery and equipment | 23 | €2,917 | - | -€2,917 | |
| Current assets | 29/58 | €71,386 | €54,174 | -€17,212 | -24.1% |
| Stocks and contracts in progress | 3 | €4,890 | - | -€4,890 | |
| Stocks | 30/36 | €4,890 | - | -€4,890 | |
| Amounts receivable within one year | 40/41 | €22,925 | €22,783 | -€142 | -0.6% |
| Other amounts receivable | 41 | €22,925 | €22,783 | -€142 | -0.6% |
| Cash at bank and in hand | 54/58 | €43,572 | €31,391 | -€12,181 | -28.0% |
| Total equity and liabilities | 10/49 | €74,304 | €54,174 | -€20,130 | -27.1% |
| Equity | 10/15 | €65,824 | €49,235 | -€16,589 | -25.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €34,837 | €18,248 | -€16,589 | -47.6% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €31,739 | €15,149 | -€16,589 | -52.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,480 | €4,939 | -€3,541 | -41.8% |
| Amounts payable within one year | 42/48 | €8,480 | €4,939 | -€3,541 | -41.8% |
| Trade debts | 44 | €2,511 | €1,442 | -€1,069 | -42.6% |
| Suppliers | 440/4 | €2,511 | €1,442 | -€1,069 | -42.6% |
| Advances received on contracts in progress | 46 | €1,900 | - | -€1,900 | |
| Taxes, remuneration and social security | 45 | €4,069 | €3,497 | -€572 | -14.1% |
| Taxes | 450/3 | €2,630 | €604 | -€2,026 | -77.0% |
| Remuneration and social security | 454/9 | €1,439 | €2,893 | +€1,454 | +101.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €2,005 | = | 0.0% |
| Other operating charges | 640/8 | €1,599 | €643 | -€956 | -59.8% |
| Gross operating margin | 9900 | -€4,353 | -€13,592 | -€9,238 | -212.2% |
| Operating profit (loss) | 9901 | -€7,957 | -€16,240 | -€8,283 | -104.1% |
| Financial income | 75/76B | €34 | €24 | -€11 | -30.8% |
| Recurring financial income | 75 | €34 | €24 | -€11 | -30.8% |
| Financial charges | 65/66B | €712 | €241 | -€471 | -66.1% |
| Recurring financial charges | 65 | €712 | €241 | -€471 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,635 | -€16,457 | -€7,823 | -90.6% |
| Income taxes | 67/77 | €338 | €132 | -€206 | -61.0% |
| Profit (loss) for the period | 9904 | -€8,973 | -€16,589 | -€7,616 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,973 | -€16,589 | -€7,616 | -84.9% |
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 10 October 2026 via checked.be.