KNL FINANCE: 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.
KNL FINANCE
Largest movements
- Tangible fixed assets -€45,919
down €45,919 (-18.4%), from €249,747 to €203,828
of which Other tangible fixed assets: -€23,434
- Cash -€34,345
down €34,345 (-72.9%), from €47,081 to €12,736
mainly Other debts (-€104,200) and Short-term financial debts (-€30,961)
- Receivables within one year +€5,704
new in 2025: €5,704
- Other debts -€104,200
down €104,200 (-75.2%), from €138,523 to €34,323
- Reserves +€82,550
up €82,550 (+85.0%), from €97,152 to €179,702
- Short-term financial debts -€30,961
down €30,961 (-88.5%), from €35,000 to €4,039
- Tax, wage and social debts -€22,500
down €22,500 (-83.5%), from €26,949 to €4,449
- Gross operating margin -€152,782
down €152,782 (-50.1%), from €304,720 to €151,939
- Taxes -€40,153
down €40,153 (-57.8%), from €69,449 to €29,296
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 | €302,174 | €227,484 | -€74,690 | -24.7% |
| Fixed assets | 21/28 | €253,497 | €207,578 | -€45,919 | -18.1% |
| Tangible fixed assets | 22/27 | €249,747 | €203,828 | -€45,919 | -18.4% |
| Furniture and vehicles | 24 | €134,417 | €111,932 | -€22,485 | -16.7% |
| Other tangible fixed assets | 26 | €115,330 | €91,896 | -€23,434 | -20.3% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €48,677 | €19,906 | -€28,771 | -59.1% |
| Amounts receivable within one year | 40/41 | - | €5,704 | +€5,704 | |
| Other amounts receivable | 41 | - | €5,704 | +€5,704 | |
| Cash at bank and in hand | 54/58 | €47,081 | €12,736 | -€34,345 | -72.9% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,466 | -€131 | -8.2% |
| Total equity and liabilities | 10/49 | €302,174 | €227,484 | -€74,690 | -24.7% |
| Equity | 10/15 | €100,152 | €182,702 | +€82,550 | +82.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,152 | €179,702 | +€82,550 | +85.0% |
| Distributable reserves | 133 | €97,152 | €179,702 | +€82,550 | +85.0% |
| Amounts payable | 17/49 | €202,022 | €44,782 | -€157,240 | -77.8% |
| Amounts payable within one year | 42/48 | €202,022 | €43,397 | -€158,625 | -78.5% |
| Financial debts | 43 | €35,000 | €4,039 | -€30,961 | -88.5% |
| Credit institutions | 430/8 | €35,000 | €4,039 | -€30,961 | -88.5% |
| Trade debts | 44 | €1,550 | €585 | -€965 | -62.2% |
| Suppliers | 440/4 | €1,550 | €585 | -€965 | -62.2% |
| Taxes, remuneration and social security | 45 | €26,949 | €4,449 | -€22,500 | -83.5% |
| Taxes | 450/3 | €26,949 | €4,449 | -€22,500 | -83.5% |
| Other amounts payable | 47/48 | €138,523 | €34,323 | -€104,200 | -75.2% |
| Accrued charges and deferred income | 492/3 | - | €1,385 | +€1,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,027 | €29,569 | -€458 | -1.5% |
| Other operating charges | 640/8 | €652 | €689 | +€38 | +5.8% |
| Non-recurring operating charges | 66A | - | €2,600 | +€2,600 | |
| Gross operating margin | 9900 | €304,720 | €151,939 | -€152,782 | -50.1% |
| Operating profit (loss) | 9901 | €274,042 | €119,081 | -€154,961 | -56.5% |
| Financial income | 75/76B | €30 | €40 | +€10 | +33.1% |
| Recurring financial income | 75 | €30 | €40 | +€10 | +33.1% |
| Financial charges | 65/66B | €5,348 | €7,275 | +€1,928 | +36.0% |
| Recurring financial charges | 65 | €5,348 | €7,275 | +€1,928 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €268,724 | €111,846 | -€156,879 | -58.4% |
| Income taxes | 67/77 | €69,449 | €29,296 | -€40,153 | -57.8% |
| Profit (loss) for the period | 9904 | €199,275 | €82,550 | -€116,726 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €199,275 | €82,550 | -€116,726 | -58.6% |
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 28 October 2026 via checked.be.