KNITTEX: 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.
KNITTEX
Largest movements
- Receivables within one year +€227,518
up €227,518 (+45.0%), from €505,632 to €733,150
of which Other amounts receivable: +€135,740
- Cash -€173,496
down €173,496 (-76.0%), from €228,224 to €54,728
mainly Receivables within one year (-€227,518) and Investment in fixed assets (net) (-€194,669)
- Tangible fixed assets +€156,921
up €156,921 (+242%), from €64,779 to €221,699
of which Plant, machinery and equipment: +€104,540
- Stocks and contracts +€71,205
up €71,205 (+10.8%), from €661,807 to €733,012
- Intangible fixed assets -€19,700
down €19,700 (-32.7%), from €60,208 to €40,508
- Trade debts +€264,018
up €264,018 (+40.1%), from €657,842 to €921,861
- Short-term financial debts +€150,000
up €150,000 (+33.3%), from €450,000 to €600,000
- Other debts -€148,722
down €148,722 (-98.8%), from €150,457 to €1,735
- Profit (loss) carried forward +€24,736
up €24,736 (+36.2%), from €68,363 to €93,099
- Financial charges -€46,981
down €46,981 (-42.8%), from €109,773 to €62,793
of which Non-recurring financial charges: -€29,029
- Staff costs +€45,099
up €45,099 (+23.4%), from €192,322 to €237,421
- Depreciation +€21,634
up €21,634 (+60.9%), from €35,539 to €57,173
- Gross operating margin -€20,579
down €20,579 (-5.1%), from €404,302 to €383,723
- Financial income -€13,625
down €13,625 (-60.1%), from €22,671 to €9,046
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 | €1,524,609 | €1,789,281 | +€264,673 | +17.4% |
| Fixed assets | 21/28 | €126,127 | €263,623 | +€137,496 | +109% |
| Intangible fixed assets | 21 | €60,208 | €40,508 | -€19,700 | -32.7% |
| Tangible fixed assets | 22/27 | €64,779 | €221,699 | +€156,921 | +242% |
| Land and buildings | 22 | €4,095 | €62,538 | +€58,443 | +1,427% |
| Plant, machinery and equipment | 23 | €33,614 | €138,153 | +€104,540 | +311% |
| Furniture and vehicles | 24 | €24,151 | €18,746 | -€5,406 | -22.4% |
| Other tangible fixed assets | 26 | €2,918 | €2,262 | -€656 | -22.5% |
| Financial fixed assets | 28 | €1,140 | €1,415 | +€275 | +24.1% |
| Current assets | 29/58 | €1,398,481 | €1,525,659 | +€127,177 | +9.1% |
| Stocks and contracts in progress | 3 | €661,807 | €733,012 | +€71,205 | +10.8% |
| Stocks | 30/36 | €661,807 | €733,012 | +€71,205 | +10.8% |
| Amounts receivable within one year | 40/41 | €505,632 | €733,150 | +€227,518 | +45.0% |
| Trade receivables | 40 | €456,627 | €548,405 | +€91,778 | +20.1% |
| Other amounts receivable | 41 | €49,005 | €184,744 | +€135,740 | +277% |
| Cash at bank and in hand | 54/58 | €228,224 | €54,728 | -€173,496 | -76.0% |
| Deferred charges and accrued income | 490/1 | €2,818 | €4,769 | +€1,951 | +69.2% |
| Total equity and liabilities | 10/49 | €1,524,609 | €1,789,281 | +€264,673 | +17.4% |
| Equity | 10/15 | €205,863 | €230,599 | +€24,736 | +12.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,363 | €93,099 | +€24,736 | +36.2% |
| Amounts payable | 17/49 | €1,318,746 | €1,558,682 | +€239,936 | +18.2% |
| Amounts payable after more than one year | 17 | €33,000 | €18,500 | -€14,500 | -43.9% |
| Financial debts | 170/4 | €33,000 | €18,500 | -€14,500 | -43.9% |
| Amounts payable within one year | 42/48 | €1,285,746 | €1,540,182 | +€254,436 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €22,015 | €8,237 | -€13,777 | -62.6% |
| Financial debts | 43 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Credit institutions | 430/8 | €450,000 | €600,000 | +€150,000 | +33.3% |
| Trade debts | 44 | €657,842 | €921,861 | +€264,018 | +40.1% |
| Suppliers | 440/4 | €657,842 | €921,861 | +€264,018 | +40.1% |
| Taxes, remuneration and social security | 45 | €5,431 | €8,349 | +€2,917 | +53.7% |
| Remuneration and social security | 454/9 | €5,431 | €8,349 | +€2,917 | +53.7% |
| Other amounts payable | 47/48 | €150,457 | €1,735 | -€148,722 | -98.8% |
| Remuneration, social security and pensions | 62 | €192,322 | €237,421 | +€45,099 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,539 | €57,173 | +€21,634 | +60.9% |
| Other operating charges | 640/8 | €3,117 | €4,925 | +€1,808 | +58.0% |
| Gross operating margin | 9900 | €404,302 | €383,723 | -€20,579 | -5.1% |
| Operating profit (loss) | 9901 | €173,324 | €84,204 | -€89,119 | -51.4% |
| Financial income | 75/76B | €22,671 | €9,046 | -€13,625 | -60.1% |
| Recurring financial income | 75 | €22,671 | €9,046 | -€13,625 | -60.1% |
| Financial charges | 65/66B | €109,773 | €62,793 | -€46,981 | -42.8% |
| Recurring financial charges | 65 | €80,745 | €62,793 | -€17,952 | -22.2% |
| Non-recurring financial charges | 66B | €29,029 | - | -€29,029 | |
| Profit (loss) for the period before taxes | 9903 | €86,222 | €30,458 | -€55,764 | -64.7% |
| Income taxes | 67/77 | €6,020 | €5,721 | -€298 | -5.0% |
| Profit (loss) for the period | 9904 | €80,202 | €24,736 | -€55,465 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,202 | €24,736 | -€55,465 | -69.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.