KNITWOOD: 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.
KNITWOOD
Largest movements
- Current investments -€45,191
down €45,191 (-100%), from €45,191 to €0
- Cash +€43,751
up €43,751 (+606%), from €7,218 to €50,968
mainly Current investments (+€45,191) and Depreciation (+€8,907)
- Tangible fixed assets -€8,907
down €8,907 (-28.3%), from €31,502 to €22,594
of which Plant, machinery and equipment: -€4,610
- Receivables within one year +€1,669
up €1,669 (+47.0%), from €3,552 to €5,221
of which Trade receivables: +€1,580
- Debts after one year -€6,608
down €6,608 (-100%), from €6,608 to €0
- Other debts -€2,161
down €2,161 (-9.1%), from €23,726 to €21,564
- Depreciation +€2,633
up €2,633 (+42.0%), from €6,275 to €8,907
- Financial income +€1,187
up €1,187 (+1,153%), from €103 to €1,290
- Financial charges +€223
up €223 (+62.6%), from €356 to €579
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 | €88,633 | €79,662 | -€8,971 | -10.1% |
| Fixed assets | 21/28 | €31,502 | €22,594 | -€8,907 | -28.3% |
| Tangible fixed assets | 22/27 | €31,502 | €22,594 | -€8,907 | -28.3% |
| Plant, machinery and equipment | 23 | €12,086 | €7,476 | -€4,610 | -38.1% |
| Furniture and vehicles | 24 | €19,416 | €15,118 | -€4,297 | -22.1% |
| Current assets | 29/58 | €57,131 | €57,067 | -€64 | -0.1% |
| Amounts receivable within one year | 40/41 | €3,552 | €5,221 | +€1,669 | +47.0% |
| Trade receivables | 40 | €3,436 | €5,016 | +€1,580 | +46.0% |
| Other amounts receivable | 41 | €116 | €204 | +€89 | +76.5% |
| Current investments | 50/53 | €45,191 | €0 | -€45,191 | -100% |
| Cash at bank and in hand | 54/58 | €7,218 | €50,968 | +€43,751 | +606% |
| Deferred charges and accrued income | 490/1 | €1,171 | €878 | -€292 | -25.0% |
| Total equity and liabilities | 10/49 | €88,633 | €79,662 | -€8,971 | -10.1% |
| Equity | 10/15 | €50,205 | €50,626 | +€421 | +0.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,935 | €21,356 | +€421 | +2.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €19,080 | €19,501 | +€421 | +2.2% |
| Profit (loss) carried forward | 14 | €14,270 | €14,270 | = | 0.0% |
| Amounts payable | 17/49 | €38,428 | €29,036 | -€9,392 | -24.4% |
| Amounts payable after more than one year | 17 | €6,608 | €0 | -€6,608 | -100% |
| Financial debts | 170/4 | €6,608 | €0 | -€6,608 | -100% |
| Amounts payable within one year | 42/48 | €31,820 | €29,036 | -€2,784 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €6,392 | €6,608 | +€216 | +3.4% |
| Trade debts | 44 | €715 | €337 | -€377 | -52.8% |
| Suppliers | 440/4 | €715 | €337 | -€377 | -52.8% |
| Taxes, remuneration and social security | 45 | €987 | €527 | -€460 | -46.6% |
| Taxes | 450/3 | €387 | €527 | +€140 | +36.0% |
| Remuneration and social security | 454/9 | €600 | €0 | -€600 | -100% |
| Other amounts payable | 47/48 | €23,726 | €21,564 | -€2,161 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,275 | €8,907 | +€2,633 | +42.0% |
| Other operating charges | 640/8 | €979 | €911 | -€68 | -6.9% |
| Gross operating margin | 9900 | €9,795 | €9,726 | -€69 | -0.7% |
| Operating profit (loss) | 9901 | €2,541 | -€93 | -€2,634 | |
| Financial income | 75/76B | €103 | €1,290 | +€1,187 | +1,153% |
| Recurring financial income | 75 | €103 | €1,290 | +€1,187 | +1,153% |
| Financial charges | 65/66B | €356 | €579 | +€223 | +62.6% |
| Recurring financial charges | 65 | €356 | €579 | +€223 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €2,288 | €618 | -€1,670 | -73.0% |
| Income taxes | 67/77 | €294 | €198 | -€97 | -32.8% |
| Profit (loss) for the period | 9904 | €1,994 | €421 | -€1,573 | -78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,994 | €421 | -€1,573 | -78.9% |
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 27 October 2026 via checked.be.