KNIX: 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.
KNIX
Largest movements
- Tangible fixed assets +€407,531
up €407,531 (+25.7%), from €1.6m to €2.0m
of which Assets under construction and advance payments: +€359,266
- Cash -€108,209
down €108,209 (-49.0%), from €221,009 to €112,800
mainly Investment in fixed assets (net) (-€459,699) and Other debts (-€13,485)
- Debts after one year +€272,254
up €272,254 (+22.4%), from €1.2m to €1.5m
- Depreciation +€18,147
up €18,147 (+53.3%), from €34,021 to €52,168
- Gross operating margin -€15,487
down €15,487 (-10.5%), from €148,138 to €132,651
- Taxes -€9,627
down €9,627 (-54.6%), from €17,644 to €8,017
- Financial income +€6,892
up €6,892 (+1666.6%), from €414 to €7,306
- Financial charges +€6,860
up €6,860 (+15.2%), from €45,230 to €52,090
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 | €2,055,787 | €2,338,789 | +€283,002 | +13.8% |
| Fixed assets | 21/28 | €1,588,122 | €1,995,653 | +€407,531 | +25.7% |
| Tangible fixed assets | 22/27 | €1,588,122 | €1,995,653 | +€407,531 | +25.7% |
| Land and buildings | 22 | €1,588,122 | €1,634,699 | +€46,577 | +2.9% |
| Furniture and vehicles | 24 | - | €1,688 | +€1,688 | |
| Assets under construction and advance payments | 27 | - | €359,266 | +€359,266 | |
| Current assets | 29/58 | €467,665 | €343,136 | -€124,529 | -26.6% |
| Amounts receivable within one year | 40/41 | €21,582 | €24,418 | +€2,835 | +13.1% |
| Trade receivables | 40 | €15,839 | €18,077 | +€2,239 | +14.1% |
| Other amounts receivable | 41 | €5,743 | €6,340 | +€597 | +10.4% |
| Current investments | 50/53 | €223,830 | €204,836 | -€18,994 | -8.5% |
| Cash at bank and in hand | 54/58 | €221,009 | €112,800 | -€108,209 | -49.0% |
| Deferred charges and accrued income | 490/1 | €1,244 | €1,083 | -€161 | -13.0% |
| Total equity and liabilities | 10/49 | €2,055,787 | €2,338,789 | +€283,002 | +13.8% |
| Equity | 10/15 | €715,438 | €736,425 | +€20,987 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,553 | €322,541 | +€20,987 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €299,693 | €320,681 | +€20,987 | +7.0% |
| Profit (loss) carried forward | 14 | €407,684 | €407,684 | = | 0.0% |
| Amounts payable | 17/49 | €1,340,349 | €1,602,364 | +€262,014 | +19.5% |
| Amounts payable after more than one year | 17 | €1,216,971 | €1,489,225 | +€272,254 | +22.4% |
| Financial debts | 170/4 | €1,216,971 | €1,489,225 | +€272,254 | +22.4% |
| Amounts payable within one year | 42/48 | €123,378 | €113,139 | -€10,240 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €16,518 | €17,136 | +€618 | +3.7% |
| Trade debts | 44 | €1,545 | €1,444 | -€101 | -6.6% |
| Suppliers | 440/4 | €1,545 | €1,444 | -€101 | -6.6% |
| Taxes, remuneration and social security | 45 | €7,134 | €9,863 | +€2,729 | +38.3% |
| Taxes | 450/3 | €4,190 | €9,863 | +€5,673 | +135.4% |
| Remuneration and social security | 454/9 | €2,944 | - | -€2,944 | |
| Other amounts payable | 47/48 | €98,182 | €84,696 | -€13,485 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,021 | €52,168 | +€18,147 | +53.3% |
| Other operating charges | 640/8 | €5,138 | €6,695 | +€1,557 | +30.3% |
| Gross operating margin | 9900 | €148,138 | €132,651 | -€15,487 | -10.5% |
| Operating profit (loss) | 9901 | €108,978 | €73,788 | -€35,190 | -32.3% |
| Financial income | 75/76B | €414 | €7,306 | +€6,892 | +1666.6% |
| Recurring financial income | 75 | €414 | €7,306 | +€6,892 | +1666.6% |
| Financial charges | 65/66B | €45,230 | €52,090 | +€6,860 | +15.2% |
| Recurring financial charges | 65 | €45,230 | €52,090 | +€6,860 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €64,162 | €29,004 | -€35,158 | -54.8% |
| Income taxes | 67/77 | €17,644 | €8,017 | -€9,627 | -54.6% |
| Profit (loss) for the period | 9904 | €46,518 | €20,987 | -€25,531 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,518 | €20,987 | -€25,531 | -54.9% |
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.