KNIPPOWER: what changed
Two fiscal 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.
KNIPPOWER
Largest movements
- Receivables within one year +€15,039
up €15,039 (+14.2%), from €106,244 to €121,283
of which Trade receivables: +€12,639
- Cash +€6,477
up €6,477 (+266.6%), from €2,430 to €8,907
mainly Trade debts (+€21,750) and Depreciation (+€6,231)
- Tangible fixed assets -€6,231
down €6,231 (-40.6%), from €15,365 to €9,134
- Trade debts +€21,750
up €21,750 (+68.8%), from €31,593 to €53,343
- Other debts -€12,497
down €12,497 (-75.6%), from €16,531 to €4,034
- Tax, wage and social debts +€4,559
up €4,559 (+26.9%), from €16,970 to €21,529
of which Remuneration and social security: +€10,012
- Profit (loss) carried forward +€1,584
up €1,584 (+2.6%), from €60,616 to €62,200
- Staff costs +€21,292
new in 2025: €21,292
- Gross operating margin +€17,436
up €17,436 (+103.4%), from €16,857 to €34,293
- Financial charges +€3,058
up €3,058 (+264.4%), from €1,156 to €4,214
- Taxes -€1,478
down €1,478 (-72.8%), from €2,032 to €554
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 | €127,710 | €143,105 | +€15,395 | +12.1% |
| Fixed assets | 21/28 | €19,010 | €12,889 | -€6,121 | -32.2% |
| Tangible fixed assets | 22/27 | €15,365 | €9,134 | -€6,231 | -40.6% |
| Furniture and vehicles | 24 | €15,365 | €9,134 | -€6,231 | -40.6% |
| Financial fixed assets | 28 | €3,645 | €3,755 | +€110 | +3.0% |
| Current assets | 29/58 | €108,700 | €130,217 | +€21,516 | +19.8% |
| Stocks and contracts in progress | 3 | €26 | €26 | = | 0.0% |
| Stocks | 30/36 | €26 | €26 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,244 | €121,283 | +€15,039 | +14.2% |
| Trade receivables | 40 | €102,283 | €114,921 | +€12,639 | +12.4% |
| Other amounts receivable | 41 | €3,961 | €6,362 | +€2,400 | +60.6% |
| Cash at bank and in hand | 54/58 | €2,430 | €8,907 | +€6,477 | +266.6% |
| Total equity and liabilities | 10/49 | €127,710 | €143,105 | +€15,395 | +12.1% |
| Equity | 10/15 | €62,616 | €64,200 | +€1,584 | +2.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,616 | €62,200 | +€1,584 | +2.6% |
| Amounts payable | 17/49 | €65,094 | €78,905 | +€13,812 | +21.2% |
| Amounts payable within one year | 42/48 | €65,094 | €78,905 | +€13,812 | +21.2% |
| Trade debts | 44 | €31,593 | €53,343 | +€21,750 | +68.8% |
| Suppliers | 440/4 | €31,593 | €53,343 | +€21,750 | +68.8% |
| Taxes, remuneration and social security | 45 | €16,970 | €21,529 | +€4,559 | +26.9% |
| Taxes | 450/3 | €15,570 | €10,117 | -€5,453 | -35.0% |
| Remuneration and social security | 454/9 | €1,400 | €11,412 | +€10,012 | +715.1% |
| Other amounts payable | 47/48 | €16,531 | €4,034 | -€12,497 | -75.6% |
| Remuneration, social security and pensions | 62 | - | €21,292 | +€21,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,941 | €6,231 | +€290 | +4.9% |
| Other operating charges | 640/8 | €422 | €418 | -€4 | -0.8% |
| Gross operating margin | 9900 | €16,857 | €34,293 | +€17,436 | +103.4% |
| Operating profit (loss) | 9901 | €10,494 | €6,351 | -€4,143 | -39.5% |
| Financial charges | 65/66B | €1,156 | €4,214 | +€3,058 | +264.4% |
| Recurring financial charges | 65 | €1,156 | €4,214 | +€3,058 | +264.4% |
| Profit (loss) for the period before taxes | 9903 | €9,338 | €2,137 | -€7,200 | -77.1% |
| Income taxes | 67/77 | €2,032 | €554 | -€1,478 | -72.8% |
| Profit (loss) for the period | 9904 | €7,305 | €1,584 | -€5,722 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,305 | €1,584 | -€5,722 | -78.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.