KNIGHTS-21: 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.
KNIGHTS-21
Largest movements
- Receivables within one year +€40,670
up €40,670 (+357%), from €11,389 to €52,059
of which Trade receivables: +€35,274
- Cash +€34,625
up €34,625 (+69.2%), from €50,002 to €84,627
- Deferred charges and accrued income +€21,924
up €21,924 (+6,631%), from €331 to €22,254
- Contributions +€70,028
up €70,028 (+376%), from €18,600 to €88,628
- Trade debts +€68,193
up €68,193 (+696%), from €9,792 to €77,985
- Profit (loss) carried forward -€25,367
down €25,367 (-91.2%), from -€27,808 to -€53,175
- Current portion of long-term debt -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Tax, wage and social debts -€6,502
down €6,502 (-35.1%), from €18,530 to €12,028
of which Taxes: -€11,241
- Gross operating margin -€31,718
down €31,718, from €23,302 to -€8,416
- Depreciation -€13,293
down €13,293 (-94.6%), from €14,056 to €763
- Staff costs +€10,822
new in 2024: €10,822
- Taxes -€4,484
down €4,484 (-84.8%), from €5,287 to €803
- Financial charges +€1,394
up €1,394 (+190%), from €735 to €2,129
From the 2023 result to the 2024 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
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 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,787 | €163,243 | +€96,455 | +144% |
| Fixed assets | 21/28 | €5,065 | €4,302 | -€763 | -15.1% |
| Tangible fixed assets | 22/27 | €5,065 | €4,302 | -€763 | -15.1% |
| Furniture and vehicles | 24 | €5,065 | €4,302 | -€763 | -15.1% |
| Current assets | 29/58 | €61,722 | €158,940 | +€97,219 | +158% |
| Amounts receivable within one year | 40/41 | €11,389 | €52,059 | +€40,670 | +357% |
| Trade receivables | 40 | €10,722 | €45,996 | +€35,274 | +329% |
| Other amounts receivable | 41 | €667 | €6,063 | +€5,396 | +809% |
| Cash at bank and in hand | 54/58 | €50,002 | €84,627 | +€34,625 | +69.2% |
| Deferred charges and accrued income | 490/1 | €331 | €22,254 | +€21,924 | +6,631% |
| Total equity and liabilities | 10/49 | €66,787 | €163,243 | +€96,455 | +144% |
| Equity | 10/15 | -€7,348 | €37,313 | +€44,661 | |
| Contributions | 10/11 | €18,600 | €88,628 | +€70,028 | +376% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€27,808 | -€53,175 | -€25,367 | -91.2% |
| Amounts payable | 17/49 | €74,136 | €125,930 | +€51,794 | +69.9% |
| Amounts payable within one year | 42/48 | €71,217 | €125,930 | +€54,713 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Financial debts | 43 | €3,016 | €2,122 | -€894 | -29.6% |
| Credit institutions | 430/8 | €3,016 | €2,122 | -€894 | -29.6% |
| Trade debts | 44 | €9,792 | €77,985 | +€68,193 | +696% |
| Suppliers | 440/4 | €9,792 | €77,985 | +€68,193 | +696% |
| Taxes, remuneration and social security | 45 | €18,530 | €12,028 | -€6,502 | -35.1% |
| Taxes | 450/3 | €18,530 | €7,289 | -€11,241 | -60.7% |
| Remuneration and social security | 454/9 | - | €4,739 | +€4,739 | |
| Other amounts payable | 47/48 | €14,879 | €18,795 | +€3,915 | +26.3% |
| Accrued charges and deferred income | 492/3 | €2,918 | €0 | -€2,918 | -100% |
| Remuneration, social security and pensions | 62 | - | €10,822 | +€10,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,056 | €763 | -€13,293 | -94.6% |
| Other operating charges | 640/8 | €3,649 | €2,521 | -€1,128 | -30.9% |
| Gross operating margin | 9900 | €23,302 | -€8,416 | -€31,718 | |
| Operating profit (loss) | 9901 | €5,597 | -€22,522 | -€28,119 | |
| Financial income | 75/76B | €1,000 | €87 | -€913 | -91.3% |
| Recurring financial income | 75 | €1,000 | €87 | -€913 | -91.3% |
| Financial charges | 65/66B | €735 | €2,129 | +€1,394 | +190% |
| Recurring financial charges | 65 | €735 | €2,129 | +€1,394 | +190% |
| Profit (loss) for the period before taxes | 9903 | €5,862 | -€24,564 | -€30,426 | |
| Income taxes | 67/77 | €5,287 | €803 | -€4,484 | -84.8% |
| Profit (loss) for the period | 9904 | €575 | -€25,367 | -€25,941 | |
| Profit (loss) for the period to be appropriated | 9905 | €575 | -€25,367 | -€25,941 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.